The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-08-15
DULUTH MAN rs
HEAD OF COMMITTEE
Milling Interests Name
Committee to Cooper
ate With Board
COMMISSIONS TO .:
COVER COSTS ONLY
All Stock of New Corpora
ton Is Owned by the
Government "

washington, aug. 10
Government purchases of
enough of the 1917 wheat
crop to stabilize prices in the
United States was fore
cast in the formation today
of a $5O,O00,O0O corporation
by the food administration.
The intention is to take
over the entire harvest, if
necessary to maintain fair
prices. The corporation
will make all allied pur-
chases of wheat and -four
and thus will stabilize the
prices to the allies. Through
this arrangement, too, it
hopes to secure itself
against any possible loss.
The food administration will opeA
agencies at all the principal wheat
terminals, CARRYING on Its transac-,
fions with the usual dealers. No
commission charge will be made ex-
oept to cover cost OF operation. The
price to be paid for wheat will be
fixed by a commission under the
grain division headed by President
Garfield, Of Williams college.
With the approval OF President
-xya,,n,. 49, %~od adV1ninisfra fion To-
day announced the following execu-
tive officers:
n. G. Hoover, chairman.
julius H. Barnes. Duluth, presi-
Gates w. McGarrah, New York,
r. q. crowell. Kansas City, vice.
Edward Chambers, Chicago. trans
portation director.
Curtis H. Lindley. San Francisco,
counsel.
). W. shorthilL York. Neb4 sec
retary.
The personnel of the wheat price
fixing commission includes: Henry
A Garfield, president of Williams
college as chairman and Edward F.
Dakota Agricultural college.
The price the food administration
expects to see maintained in private
as well as government transactions.
Flour mills will be assured wheat at
the price to be paid by the govern
ment and the food administration is
ready to purchase for the mills all
the grain they use. The n1illers to-
day named q committee TO cooper
ate with the food administration in
a voluntary regulation.
Representatives OF the wheat buy
ing industry came to Washington
today to confer with the food ad-
ministration in the governments
plan to license operations of all ele-
vators.
The milling interests named a
committee to cooperate with the
food administration in negotiating
voluntary regulations of the milling
industry. The committee is headed
by James J. Bell. Minneapolis and
includes Albert c.. Loring, Minnea-
polls. to represent the northwest.
Twelve men were named by the
food administration to represent the
grain division at the various termin-
ais, among them being p. NJ. Gind-
er. Duluth, and Frank L. Carey,
Minneapolis.
The grain corporation will have
capital Of S50,000,000 and will be or
ganized along the lines Of the ship
ping board emergency fleet corpora
ton. It will be managed by the grain
division Of the food administration
which will have the same officers as
the corporation. All the stock win be
owned and held by the United States
government.
Office in New York.
New York, Aug. 15.-The wheat |
business OF the entire country is to
Be regulated and controlled from a |
central office in New York, accord
ing to an announcement made here,
today, which stated that julius H.
Barnes, a Duluth grain expert desig-
mated by I'll. c. Hoover as his chief /
assistant, would be in charge as
wheat administrator"
Odlces are to be opened in every /
center OF the country including Chi
cago. Minneapolis and Duluth, it was |
eaid. A survey will be started Thurs
day to 'sget an absolute line on wheat |
conditions in this country" The ex-
ports outlook and crop conditions
win play an important part in the 4
business OF the new office.