New Ulm review., 1917-10-17
Y HEA I STILL HELD
IN IA MBR s BINS
SLOWNESS IN MARKETING rs
CAUSE FOR WORRY BY THE
MILLERs.
GOVERNMENT ORDERS EAGLE
TO RUN ONLY HALF TIME
AT PRESENT.

Farmers all over the country are
evidently holding their wheat crop in.
their grararies, andethe mills haven't.
grain enough to keep running all Of the
time. While the LEGAL mills could
probably keep going, there is not enough.
wheat being marketed to supply the
eastern mills, and as a result the Eagle
Roller Mill company has received orders
from the government to operate its plant
only half time.
Unable to Fill Orders.
We are loaded down with orders,
but cannot fill them all because we are
permitted to run our mill at only.
one-half capacity General Manager
Chas. Vogtel said. The order from the
government is for the purpose of being
fair to the eastern mills. The farmers
are evidently holding back their grain,
and so far the western mills have been
gobbling it up, while practically none
was drifting thru for those in the east.
Wheat seems to be coming in a little
better now, and over Sunday receipts
were some better"
Those farmers who have an idea that
by holding their wheat back will get
more for their crop later on are doomed
to disappointment. The following ex-
planation of the wheat price may be Of
interest tn MANY:
Wheat Price Explained.
Altho there has been much said by
way of explaining the government price
Of wheat many people are still asking
for information on the subject, and this
is not at all strange for the problem Of
price fixing by the government is entirely
new to our country.
The price now is 1920 at Chicago for
No. / wheat of the different varieties.
This price was determined by COM
mittee of twelve selected by the president,
the membership OF the committee being
composed Of two prominent economists,
two representatives Of organized labor, !
two representatives Of big business, two
presidents of state agricultural colleges,
three representatives Of organized agri-
culture and one individual farmer.
There were on the committee four men
actually engaged in farming.
Price Will Not Changes
The price Of $2.2O for No. l wheat
at Chicago is a fixed price of the 1917
crop and will not be changed before
July l, 1918. The government will buy
all wheat offered at that price, provided
there are no other buyers who will pay
that much, but will not permit any
buyer to pay more. So that, altho
the government may not buy all of the
wheat yet this price is a fixed price that
will be paid by all buyers and which will
be made neither more nor less.
In the legislation establishing food
control Congress placed a minimum
guaranteed price on the 1918 wheat
crop. This minimum, below which the
price can not go, is So, but is based on
the principal interior markets and not
on Chicago alone which means that the |
price can not be below So at any one of
those principal primary markets, such
as Minneapolis, Omaha, Kansas City,
etc.
Only Minimum Guarantee.
The price Of So is only a minimum
guarantee. It will become effective
July J.. 1918, and continue in effect until
May |, 1919. 1t will not be changed
or withdrawn. 1t is not a rule of the
Food Admins tration, but an act of
Congress. No matter how large the
crop raised next year may be, if there
are net other buyers for the wheat who
will offer 81 the government must take
it at that price.