Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-08-09
The Presidents Address

as I AddfesS
actly. where 'she stands IA respect 3
peace, and what We VIM AZ 8 TOR !hel
quietude OF mind and conadenos o,
purpose depend. While tharo u any
possibility that the peace terms mal
be changed or may be held long IN
allegiance or may not DO enforced b,
cause Of divisions of opinion amonl
the powers associated agAtnet Ger.
many It Ia idle to look for permanent
relief. Y
Nus Lower Flour Cost.
But what We can do we should do,
and should do at once. And there Il
a great deal that we can do. prov1s.
ionAl though Il be. Wheat shipments
and credits to facilitate the purchase
Of our wheat can and will, be limited
and controlled in such 9 way as not
to raise hut rather to lower the price
Of -four here. The government has
the power, within certain limits, to
regulate that. We cannot deny wheat
{ o foreign peoples who are In dire
need OF It, and We do not wish to do
20; but fortunately, though. the wheat
crop h not what We hoped 1t would
be, 1t il abundant II handled with pro-
vident care. The price of wheat Is
lower in the United States than IN
Europe. and can with proper nan
aEement be kept so.
Hoardtns Must Stop.
BY way OF immediate relief, sur
plus stocks Of both food and clothing
in the hands Of the government will
be sold. and OF course sold at prices
at which there is no profit And by
way OF a permanent correction
of prices surplus stocks In private
hands will be drawn out OF storage
and put upon the market Fortunate
" under the terms Of the food con-
can be checked and prevented: and
they will be, with the greatest energy.
Food stuffs can be drawn out Of stor-
age and sold by regal action which
the Department of Justice will insti-
tNte wherever necessary; but so soon
as the situation is systematically dealt
with. 1t is not likely that the courts
will often have to be resorted to.
Much of the accumulation Of stocks
has no doubt been due to the sort of
speculation which always results from
uncertainty. Great s%urplusses were
accumulated because it was impos-
AOA W Nj OSSS "A0 AS AAA04 nv
would disclose and dealers were de-
termined to be ready for whatever
might happen. as we'll as eager to
reap the full advantage Of rising
prices. They will now see the dis
advantage. Al we'll as the danger, of
holding off from the new process of
distribution. -
Greater Supply Of Food.
Some very interesting and signifc-
ant facts with regard to stocks on
hand and the rise of prices in the face
Of abundance, have been disclosed by
the inquiries of the Department of
Agriculture, the Department Of Labor
and the Federal Trade Commission.
They cen to justify the statement
that in the case Of many necessary
commodities effective have
been found to prevent the normal OPP
GRAFTON Of the law Of supply and de-
mand. Disregarding the surplus
stocks in the hands of the govern
ment, there vas a greater supply of
foodstufs in this country on June
first Of this year than at the same date
last year. In the combined total OF
a number Of the most important food.
in dry and cold storage the excess
Is quite nineteen per cent. And YET
prices have risen. The supply OF
fresh eggs on hand in June Of this
year. for example. was greater by
nearly ten per cent than the supply
and Vet the who,asaIs nrtcs 80 for+.
cents a dozen as against thirty cents
a year ago. The stock Of frozer
fowls had increased more than twt
hundred and ninety-eight per cent
and Jet the price had risen also from
thirty-four and a half cents pc
pound to tnirty-seven and a half cents
Inc suppiy OF creamery butter IA IN
creased a and twenty-ntn'
per cent. n the price from forty
one 70 n1ty-tnree cents a pound. tn
suppiy OF salt beer mad been aug
menteo tnree per cent. and the pric'
MAD gone up from thirty-four dollar
canned corn a In stool
a narrel TO thirty-six dollars a barrel
renamed the same II
price: IN rev food-stuns the price
mad oeclinea out ! nothing like tn
proportion IN whlch the supply ha.
~redse for example. the stock o
canned had Increased on
n Two per cent, and We
me price a declined only twenty
I'VE Genus per dozen cans. In eom
cases -. .nere a been the U re
sule OF an increase OF price follow
ing a decrease OF supply but in al
mose every instance n increase Q
grice n1o oeen oisproportionate to tn
decrease IN stock.
Prosecutions to Start.
The attorney general has bee
making a careful study of the Who'll
situation and OF the laws that can b
appiled to better It and is convince
mat. Under the af{nn11lat{0n on
temptation Of exceptional circum
stances, combinations Of producer
combinations OF traders hav
oeen formed for the control Of SUP
plies and OF prices which are clearl
in restraint Of trade, and against thes