Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1918-07-19
FEDERAL F60b ADMINISTRATION
FOB VIRGINIA..
Information And Rulings.

Information And Rulings.
The following statement was sent
out by the United States Food Admin
istration on the 10th of June:
The establishment of new freight
rates by the Railway Administration
has necessitated a change in the Gov
eminent price basis for wheat. AFTER
consideration of all factors the Food
Administration announces the price
basis at various markets for the
grades Of:
No. l Northern Spring
No. Hard Winter
No. / Red Winter
No. l Durum
No. / Hard White
in store public elevators approved for
storage by the Grain Corporation
(seaboard or in store on export
terms).
Price basis for Baltimore, Norfolk
and Newport News is fixed at $2.SSA
The basis for No. 2 wheat will be &c.
below No. i, and the basis for NO. .
7c. below No. /. Grades below No. 3
will be dealt with on sample.
1t is expected that the changes in
Federal Grading Standards will throw
more wheat into higher grades than
last year. The changes in price are
worked out as nearly as possible to
compensate for increases In railway
and sea freights.
The other classes Of wheat than
those mentioned above as equivalents
will be dealt with on the following
basis:
The class Of Dark Hard Winter will
be bought at &c. above Hard Winter;
Dark Northern Spring at &c. above
Northern Spring; Amber Durum at
&c. above Durum; while Yellow Hard
! Winter will be bought at &c. under
Hard Winter; Red Spring at SC. under
| Northern Spring; Red Walla at 7c.
under Red Winter; Red Durum at 7c
under Durum; Soft White at &c. under
Hard White, and White Club at 4c'
under Hard White.
Certain parts Of the inter-mounta1n
| territory do not receive full compen'
sation for freight increases under the
| above arrangements and, therefore,
special arrangements by which the
Grain Corporation assumes the COM
pensation directlyin this territory will
be the subject of another announce
nent.
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 is no limitation upon the free
dom of mills 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 advised that prices
In excess of the following would be
considered as including unreasonable
profits:
Newport News, Norfolk and Balti-
more, Flour, S10.71; Feed, $26.53.
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 point and any Of
the above-named terminal points on
which their freight rates, In milling,
are naturally based. 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.
ILLUSTRATION: On basis Of price
named above: Supposlng trelgnt~1rom
milling point is soc. per barrel, this
would figure the relative maximum
bulk mill price $1O.21. Then supposing
mill Is making a sale at a point TAX
ing freight rate from mill Of 25c. per
barrel, this would give a relative
maximum reasonable price at destina-
ton of s1046.
FEED PRICES. The same rule will
apply as regards feed prices, as named
in the above schedule.
All differentials on less than car.
load or jobbing business and all pack
age differentials should be maintained
as at present prescribed.
The whole plan has been approved
by the Agricultural Advisory Board
and by a considerable part of the rep