Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-11-15
REIMBURSEMENT TO PEACE BASIS
WILL COME GRADUALLY,
BUSINESS MEN SAY.
FIXED WHEAT PRICES
WILL PROTECT REGION
Industry Shift in Northwest to Be
Lighter Than in East-Trade I'm.
provement in Many Limos Expected
Saving For Americas Needs Still
Imperative.

Minneapolis. Nov. .-Readjustment
peace basis will come gradually and
! will be reached without material loss
or disturbance, local men prominent in
financial circles, told M Journal today.
That the transition will be made with
out serious jar is largely due TO the
government guaranty o. wheat prices
OF. the 1918 and 1919 crops, they said
Assurances for this high level for
wheat means another big acreage
planted 10 wheat next year. This
viii limit production of other grains
and hold up Trices all along. High
prices for the principal products OF
the northwest thus are assured for
year and Il half ahead, no matter how
great the changes may be in general
price levels.
The great buying power assured for
this section. bankers feel insures
GOOD measure OF prosperity in all bust
ness lines. This will be helped along
by the rapid removal of restrictions on
manufactures and on such lines of
trade as lumber. The saw mills and
woodworking plants of this section
have been hit hard by enbargoes and
building restrictions, and have had
little government business, but from
now on their trade is expected to show
rapid Improvement.
Whole Northwest Prosperins.
In a statement 10 the Journal today.
Theodore Wold governor OF the Ninth
y
planned the conditions the country
faces for the coming year or two, and
the necessity for keeping the country
practically on a war basis. While
Prosperous business conditions are as
sured for the northwest, he said, the
obligation 10 save for government
loans and TO help the starving populaT
ton of Europe rests all the more
heavily on the people of this section.
The northwest has Jared badly in the
matter Of war contracts, it is admit
ted. but business men feel that this is
more than made up by the wheat price
guaranty. which carries its assurance
Of stable conditions far past the close
OF the war.
The food administration grain cor
/
fixed wheat price, also is planning to
take care Of the surplus Of other
grains that may be created by the re-
turn to 100 per cent wheat -four. There
is no prospect Of surplus Of the sub
stitute grains next year. 1t Is agreed.
Barley Is becoming largely feed
grain and a much smaller acreage Of
it will be put in next year. Rye will
always find a ready market, because II
is a staple bread material abroad. hut
! winter rye for next year is already in
, AMI with much reduced acreage be-
cause of the guaranteed 81 price for
| wheat.
Government to Keen Faith.
Winter wheat already has been put
in on the basis OF the guaranteed price
for next year, it was pointed out to-
day and the government will keep
| faith with the farmers. This means
retention Of the fixed prices at primary
grain markets until June l, 1920, as
. follows:
Minneapolis. s2.21ls per bushel; Du-
luth. s2.2212; Chicago, s2.2s; st. Louis
s2.24 Kansas City, s2.1S: Omaha.
S2.2s; New York, s22slk: Philadelphia.
s23s; Baltimore. s2.3Sa; Newport
News, s2.3S: Galveston, s2.2s: Tacoma,
Seattle, Portland. Astoria, San Fran
cisco and Los Angeles, $3.50 each; Salt
Lake. Great Falls, Mont. Pocatello
Idaho, and Spokane 50 each.
Must Feed Europe, Too.
Shortage of cereals thruout Europe,
with Russia unable to feed even her
own millions. and the fact that the
United States is the nearest large
source of supply for the hungry ma
! tions. gives a firm economic basis for
! continuation Of the present wheat
| price. Minneapolis grain specialists
| said today. This condition also in
Mres a heavy export of wheat and
movement Of the crop at the most
| rapid rate possible.