Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1917-09-06
PRICE OF WHEAT
FIXED AT S2.20
Number One, Northern Spring Wheat,
at Chicago Taken as Basis.
RATE APPROVED BY PRESIDENT
Government Intends To Control Mar
ket Thru Wheat Corporation
May Mean Lower Price
for Bread.

Washington, Aug. 31.-A price Of
80. 20 a bushel was fixed for the 1917
crop of wheat by President Wilson
last evening on the recommendation
Of the wheat price committee, headed
nv DIR. II. A Garfield The basis will
he No. northern spring wheat de-
livered at Chicago.
The committee finally agreed IN
the afternoon, after several days OF
voting. At one time yesterday 1T
looked as if it would be unable to
come to a conclusion, but just before
O'Clock compromise was reached
and the last vote was unanimous.
Representatives of the producers
began by voting for price Of $2.2o
and labor's representatives for $lS4.
The two extremes eventually narrow
ed down until the votes were only a
few cents apart and most of yester-
davis voting showed only slight al r
ference. Both factions appeared un-
compromising at the start.
on the basis of $2.2O at Chicago,
the food administration last night
worked out differentials for the rarl-
ous grades and classes and for the
several terminals,
The price fixed is 20 cents higher
than that named for the 1918 crop by
congress in the food control bill The
50 price set by congress was taken
into consideration by the committee
in considering fair valuation for
this years crop.
i In statement accompanying the
announcement of the price, President
Wilson declares it is the hope of the
food administration and his own as
we'll that the fixing of a price will
stabilize the market and keep prices
within moderate bounds for all trans
actions during the current year
The price of flour and bread, too,
the president declares, will be kept
down
The committee in its report to the
president. gave as its three chief con
siderations that entered into its delib-
erations the following:
The fact that the United States is at
war: the need of encouraging the pro-
Queer. and the necessity of reducing
the cost of living to the consumer, All
members agreed in their discussions
that the price fixed will permit of a
fourteen-ounce loaf of bread for .
cents, allowing a fair profit both TO
the flour manufacturer and the bak-
er.
The price differentials worked out
bv the food administration last night
are: No. ] dark hard winter, $2.25;
hard winter basic, $220; red winter
basic. 500; yellow hard winter
sale: soft red winter, $2.1S' dark
northern spring, 1924; red spring,
$2.1S; humpback, $40; amber dur
UNI. SEA-; durum basic, SEQ; red
durum. $2.13; red walla, $2.l3; hard
white basic. SEQ soft white, $2.1Si
white club. s2.16; No. of each grade
is 3 cents less; No 3, 6 cents less, NO.
4 10 cents less.
Relative market basis; Chicago,
Galveston, New Orleans basic; Kan
sas CITY and Omaha, cents less than
basic; Duluth and Minneapolis, 3
cents less. St Louis, > cents less
New York, 10 cents more than basic
Baltimore and Philadelphia, cents
more; Buffalo, cents more.
The basic grades are No. hard
winter, red winter and northern
spring.
Altho the prices are fixed on gov
eminent purchases only, the food ad-
ministration, thru its wheat corpora
ton recently organized, expects to
control the market without difficulty.
The corporation will make all govern
ment and allied purchases and has
under consideration plans to buy for
millers. II it serves as broker be-
tween the terminal and the flour
mills. the corporation will become
of virtually all of the coun-
try's wheat crop.
FRAUD IN MISSOURI DRAFT.