Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-04-13
BY BIG CROP WILL NOT
DECREASE WHEAT PRICE
'nited States Not Expected to Lose
Much OF Billion-Dollar
Fund.
WORLD NEED CLAIMED GREAT
available Supply to Fall Short Of
requirement OF All Countries.
Present Figure Predicted to Stand
ana Perhaps Take Rise.

WASHINGTON. April 1.-THE United
'tates government stands to lose little,
any; Of tho billion dollar fund pro-
,n aed by Congress to enable the Prcsi-
:u.rantee of .2.sS a bushei for the Isl .
, iaet crop. despite the record breaking
uerd forecast by by the, Department On
cations as viewed by officials of the
ood adm inistration and the United
,tates Grain Corporation, which doubt
esq be continued as tho agency to
iandle tho wheat situation.
survey of world conditions Is said
nave shown beyond doubt that tho
,yaiia bic supply OF wheat will fall far
mort or the actual demand for another
ear America again must feed the
gorld. And should the law OF supply
,na demand be allowed to operate with
,tice OF wheat will exceed the ngpro
'ountry.
yin be no material reduction in the
,r1ce or bread in the United States.
mould the government decide dcliber-
.tely to take a loss In order to make
;heaper bread possible, II Is not be-
ieved that the price would be cut down
any considerable degree.
Makes Slight Difference.
II the government; by taking loss.
mould lower the price OF nour 80 per
educe tho price Of one pound loaf OF
bread only from nine or ten cents to
,syen or eight cents. Too large a pro !.
fince the war started. the food admin
stration statistics show. has resulted
rom higher wages, manufacturing costs
.nd advances In the value OF other
iopplies to permit sharp cut in the
price OF bread at this time.
Before the war Russia, India. Bull
8sarta. Serbia and Roumania all pro-
lueed sufficient wheat 10 export large
Quantities.
M. Hoover, has reported chat seed
M In Central Europe is below normal.
,winS TO the serious famine in india.
large part Of the Australian yieiu
nut, mIt SO there; a considerable pro-
,ave accumulated since ships plying
that trade we're taken for war pur-
poses has spoiled. Tho Argentine crop
2 no larger than that of Europe. Mr.
toover has ascertained.
Ne Surplus Expected.
There will be no surplus of the 1918
irain Corporation. states in. his latest
eoIl.ne @. the w she u situation; Fear
ays, could exist only in great irnor-
nee OF tho food exhaustion in Europe
or the part America must play in
In all tho primary markets OF the
United States most varieties OF wheat
.re ceiling al premiums above the gov
uuJlu& uIC. OInClal reports
how. The prevailing prices at some
POINTS few days ago were 20. so
nd 20 cents q bushel In e1ccas OF the
guarantee.
As result of tho rapid exhaustion
{ the 1913 crop. neutral countries re-
emily were advised no moro wheat
wheat flour could he purchased here.
It the food administration here. at
ention was called to Mr. Barnes decla-
alton following the Department OF
Agriculture's forecast that:
Tho effect Of such q crop can only
10 that the present prices in primary
markets will fall to tho Kovernme nj
evel, aud that 1t will be reflected i'm
nediztely thereafter IN moderate de-
line In f1ou! prices"
Mai.taI. Schedules.
The Argentine government accord
ng to State Department advices, has
liked the minimum prices for export
wheat at $l.55 per busheI. The United
itates Shipping Board has quoted a
Alto OF $35 per long ton, equivalent to
4 cents per bushel, from Buenos Aires
o New York This would make the
rice OF Argentine wheat at New York
.2t9 per bushel.
! Tho Department OF Agriculture has
,een advised that a rate of - cents
'er bushel from Buenos Aires to
liverpool has been announced. This
you'd make the price of Argentine
wheat At Liverpool $1.ss per bushel.
i In this connection" says a Depart
mont OF Agriculture official ut is in
efesttng to note that the British gov
,rnment has fixed the sale price OF
VrNR MI a xryt.A q a