Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1918-07-19
Information End Rulings.

consideration OF all factors the Food
Administration announces the price
basis st various narltets for tho
grades Of;
10. ] Northern Spring
No. ] Hard Winter
no. Red Winter
No. Durum
No. Hard White
in store public elevators approved for
storage by the Grain Corporation
(seaboard or In store on export
terms).
Price basis fc. baltimore. Norfol.
and Newport News Is Exed at s2:8SM
The basis for No. 2 wheat will be &c
below No. l. and the basis for No. z
&c below No. l. Grades below No. 3
will be dealt with or sample.
II is expected thu; the cA;nrcs Ii
Federal Grading Standards vii! throw
more wheat Into higher grade, tina:
last year. The changes in price ait
worked out rs nearly us possible Il
compensate fer increases in ruilwa!
and sea frciehts.
The other classes of wheat than
those mentioned arove as equivalents
will he dealt VITA On the following
basis:
The class Of Dark Hard Winter will
be bought at &c. above Hard Winter:
Dark Northern SIP. Ing ut &C. above
Northern Spring; Amber Dulum at
&c. above Durum; while Yellow Hard
Winter will be bought nj &c under
Hard Winter; Red Spring at &c. under
Northern Spring; Red Wallu ut 7c
under Red Winter: Red Durum at 7c.
under Durum; Soft White at &c. under
Hard White. and White Club at &C.
under Hard White.
Certain parts or the intcr-mountain
territory 90 not receive full compen
Bation for freight Increases under the
above arrangements and, therefore,
special arrangements by which the
Grain Corporation assumes the com
pensatIon directly IN this territory will
be the subject OF another announce
ment.
Emphasis Is laid upon the fact that
the above Is the basis upon which the
Grain Corporation is prepared to buy
wheat at the above markets.
There ia no Limitation upon the free.
dom ofimills or traders to buy or sell
in any market. the mills being under
restriction to reflect the Government
price with the profit limitations upon
-four.
Pending announcement OF the full
plan of mill regulation, In order that
there might be no interruption in mill.
ing, the mills were advIaed that prices
In excess of the following would be
considered as including unreasonable
profits:
- -, c-?Hart News, Norfolk and Balti
more, Flour, s1O.71; Feed. S26.53.
In making sales at points not listed
the mill can figure the proper relative
reasonable price, by deducting the
regularly used local freight rate be
tween their milling roint and any OF
the above.namcd terminal points on
which their freight rates, in milling
are naturally basel. This deduction
OF freight will give price. bulk mill
for carload cash or draft sales
Then the addition to this bulk mill
price Of the regularly used local
freight rate from the mill to destina
ton will give the relative maximum
reasonable bulk selling price at des
tination.
ILLUSTRATIONS On basis OF price
named above: Surprising freight from
milling point is 56c. per barrel, This
would figure the relative maximum
bulk mill price s1o21. Then supposinf
mill S. making sale at a point tax
ing freight rate from mill of 25c. pei
barrel, this would give relative
maximum reasonable price at destina
ton of s10.45
FEED PRICES. The same rule will
apply as regards feed prices, as named
in the above schedule.
All differentisls ON less than car
load or jobbing business and all pack
age differenuals should be maintained
as at present prescribed.
The whole plan has been approved
\ by the Agricultural Advisory Boart
\ and by considerable part of the rep
| reSentatiycS of the milling and proI,