Evening journal., 1918-07-15
WHEAT PRICE HERE
IS FIXED At S2.39
Food Administration An
nounceS Government
Prices for Country
WILL GUARANTEE
FIXED PRICES

PHILADELPHIA, July i5.--Whsat In
Philadelphia Will cost s2.39 a bushel.
Following the Presidents veto last
Friday Of the agricultural spproprla-
tion bill, carrying a provision hXins
the minimum price Of wheat TO the
government at s2AO a bushel, the
United States food administration has
made public its program for control OF
the 1918 crop, which the President In
his veto message estimated at vOO'ooo'-
900 bushels
Government regulation Of the wheat
market will be made through the food
administration grain corporation, whose
Offices In this city are In the Bourse, In
charge of II. d. Irwin. The government
buving plan comprehends fixed scale
~ nrioes for basic" wheats at the
principal points of grain storage In the
United states, according to grade
standards adopted by the Department
Of Agriculture.
Al Philadelphia the base price at the
elevator for No. 1 grade Of hard winter
red wheat. durum and hard white Is TO !
he 50 80 a bushel In New York II VIII
hn 50 3qIs Baltimore and Newport |
News 50 3s%: Duluth s2.22h Mime /
aDolis. s2i2ik; Chicago, S2.26; ST.
Louis. s22i; Kansas City and Omaha,
80 a.. New Orleans and Galveston,
s22sl Tacoma, Seattle, Portland, AS
torla, san Francisco and Los Angeles,
s2.20; intermouniain basis, I. o. b. out
going ear, 81.
A premium OF &c a bushel viii be
paid on No. 4 grades Of dark hard win
ter, dark northern spring and amber
durum, and tue following discounts arc
made on No. grades of wheat; Yellow
hard winter, PC; red spring, Sc; red
walls, 70: red durum, 70; soft white, &c;
white club, &c. For other grades the
discounts Will be Be for No. 2 wheat
under No. 7; 70 for No. 3, under No.
grades below No. TO be dealt IN on
merit. Tho grades to which the prem
iums and discounts apply are those
sdopted by the United States Depart
ment OF Agriculture, under the grain
standard act.
The government, through the food
administration grain corporation, VIII
buy warehouse receipts In approved
elevators at the primary market points,
for which base prices per bushel are
quoted. In the intermountain terri
tory. comprising southern Idaho, west
ern Montana, western Wyoming, Ne
vada, Utah, western Colorado, New
Mexico and Arizona, where there are
no terminal elevator or storage facili-
ties. the 50 rate viii be paid on leased,
outgoing cars.
Under the plan of control, II Is on
nounced, the food administration grain
corporation VIII buy and protect the
sfalr price" basis In all competitive :
The miller, restricted to II
"fair price" for his flour, says the 4
announcement, cannot O
pay more for wheat than the expense d
of milling and a reasonable profit VIII IL
allow. The farmer can secure the bene- p
lt OF competitive buying by shipping
% a terminal market. c.
Nothing in the "i9is plan" will pre- d
ent a buyer placing his own grade p
Ipon whsat ne purchases. i tho, grade r
) lowered the producer or dealer can r
irotect himself by shipping direct TO n
he grain corporation. This right Is G
xtended at any OF the primary markets q
amed In the list for which basic prices a
re fixed. Remittances will be made G
" the grain corporation on the basis p
4 grades and weights reported at the p
levator. less per cent. edministra-
ion charges for service. c
The official statement Of the wheat L
nd-nour control plan announces fur I
her that the temporary plan now In a
fleet for the control OF flour milling Il
or the 1918 crop will be supplemented v
n the near future "by the naming Of
he detailed maximum prices at which \
[ will be considered fair for each mill Y
# the country TO sell It's flour and v
eed."
The maximum "fair price" Is based Y
ipon reasonable allowance above the y
,asIc price OF wheat for handling, mill /.
ng and marketing expenses, freight =
harges and profit.