Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-08-31
Findings Reached by Com
mittee After Three Days
Deliberations.
AGREEMENT APPROVED
By PRESIDENT WILSON
Hoped That Action Will Stabil-
ize Market and Keep Charges
Within Moderate Bounds.
KICK BY FARMERS EXPECTED
Should Permit OF 14-Ouncc Loaf OF
Bread for 5 Cents, With Fair
Profit to All.
LRy Associatcd prcss.l

tBy Associated Prcss.I
WASHINGTON. August 3O.-The price
OF No. Northern spring wheat was
fixed at $3.50 a hushel. at Chica so. for
the 1917 crop to-day by the wheat
fair-price committee. headed by II. a.
Garfield. whose findings. reached af-
ter three days dcliberation. were sub
Wilson. The announcement was made
from the White House.
Labor representatives on the COM
mittee voted first for Sl.s4. and the
cuSsion. the compromise at s2.20 was
approved unanimously
The committee finally agreed late
this afternoon after several days OF
voting. At one time to-day it looked
as II It would be unable TO come To a
conclusion. but just before 8 o'clock
a compromise was reached and the last
vote was unanimous.
On the base of 1220 At Chicago. the
food administration worked out to-
night differentials for the various
grades and classes. and for the several
terminals.
The price fixed tonight is 20 cents
higher than that named for the 1918
crop by Congress in the food control
bill. The 81 price set by Congress was
taken into consideration by the com
mtttee in considering a fair valuation
for this years crop.
In a statement accompanying the an
nouncement of tho price. President viii
con declares 1T is the hope Of the food
administration, and his own as well,
that the liking of price will stabilize.
the market and keep prices within mod
crate bounds for all transactions dur
ing the current year.
PRICE OF FLOUR AND BREAD
ALSO WILL BE KEPT DOWN
The price of -four and bread, too.
the President declares. will be kept
down.
The committee. in it's report to the
President. gave as the three chief con-
siderations that entered into its de-
liberations the following:
The fact that the United States Is
at war. the need of encouraging the
producer. and the necessity OF reduc-
ing the cost of living to the consumer.
All members agreed III their discussions
that the price hXed will permit OF a
fourteen ounce loaf of bread for
cents. allowing a fair profit both TO the
nour manufacturer and the baker.
The price difterentiais worked out by
the food administration tonight aIe:
No. l. dark, hard winter. S2.24: hard
winter basic. s2.20; red winter basic
1920; yellow, hard winter. S2.16, soft,
red winter, S2.1S; dark Northern spring,
S2.24; red spring. S2.lS: humpback,
$2.l0; amber durum. s2.24; durum basic.
s2.20; red durum, S2.13: red walla,
$2.13: hard. white basic, s2.20; soft
white. s2.1S; white club. s2.16. No. .
of each grade is 3 cents less; No. 3, 6
cents less; No. 1. 10 cents less.
Relative market basis. Chicago, Gall
weston, New Orleans. basic: Kansas
City and Omaha, S cents less than
basic; Duluth and Minneapolis. 3 cents
less; ST. Louis. cents less: New York.
10 cents more than basic; Baltimore
and Philadelphia. 0 cents more; Buff
falo, ,5fcents more.
Tie basic grades are No. 1 hard
winter. red winter and Northern
spring.
FOOD ADMINISTRATION
TO CONTROL MARKET
Although the prices are fixed on
government purchases only. the food
administration. through its wheat COR
poration. recently organized, expects
to control the market without diff
Guilty. The corporation will make all
government and allied purchases. and
has under consideration plans to buy
for millers. If 1t serves as broker be-
tween the terminal and the -four mills,
the corporation will become purchaser
of virtually all of the country's wheat
crop.
Members OF the committee said to-
night they expected great deal of
criticism from the farmers. but that
they felt that every farmer should
consider himself a part of the war
machinery of the government. and be
willing to relinquish Il part of his
profits in the interests of the common
good.
In it's statement to the President the
committee recites tho factors consid-
cred in it's discussion. Chief among
them was the mounting cost of living.
The cost of production came in for
considerable attention. Experts Of the
Department of Agriculture were asked
for production cost figures, and tho
committee studied data supplied by
Y growers organizations.
The committees work ended with
the fixing of price. Ono member, r.
g.. Rhett, of Charleston. S. c.. was i'll
and did not attend the meetings.
baltlmefs Ts,p y 81 iBGstEThs SeiizbTfhsss Water
4 .r Leave VEL MH1Ghmond. Main ST; Station, $50 F.