The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1919-01-30
Billion and a Quarter Asked
to Guarantee Price of Wheat
1919 crop the United States probably
will have a surplus of 277,0OO,0OO

1919 crop the United States probably
will have a surplus of 277,OOO,O00
bushels for export and carry over.
eff the total SURPRISES of other
countries are exhausted and Russia is
not relied upon for anything this
year." said the statement, "the United
States will be called upon to export
233, 5000 bushels and would have a
carry over into next year of 100000
bushels. This carry-over, however, is
likely to be reduced by increased
consumption in the United States and
Europe following several years of
short rations. The 1919 wheat crop in
the United States is expected to give
an exportable surplus of $4,000, 900
to 100000, 900 bushels. In both 1919
and 1920 the question of price and the
ability Of European countries to
finance purchases are the decisive
factors"
The department also has estimated
that European needs for other grains
will be so great that the United States
will be able to supply only the requir-
ed amount of oats, falling short on
rye, barley and corn.
The passage of this bill may mean
that at least $500, OOO, 900 will be paid
in the Northwest in the shape of
BONUSES on their 1919 crop, as the
farmers of this section raise fully
one-third Of the wheat of the nation.
Unless the Federal Government
takes some such action and soon, the
farmers will be in quandry, They
have a right to expect the govern
ment will carry out it's agreement
with them. It is in the nature of u
war contract.
Well posted men on the wheat situa-
ton state that with peace at hanl it
is very doubtful if American mills can
handle flour in competition with the
outside world at higher wheat level
TINT 1.25 per bushei. - - -. F:
The farmer is not the only one that
is interested in being protected on me
fixed price of wheat. The millers
jobbers and bakers of the country
hold stocks of flour and they believe
that some provision must be made tx
protect them against loss. Dealers
will not buy heavily Of -four at tn
present time as they forsee the posi-
bility of big price drop to come
when the price of wheat becomes es
tablished on world competitive basis
Millers say that all this flour has /.
moral right to indemnifcatiol
against a forced loss that might spell
many bankruptcies. we
The big Minneapolis mills carr.
large stocks of their own wheat whicl
must also be protected against loss
It is not uncommon for them to hav
on hand a million bushels or more. Tn
Food ADMINISTRATION, they say, mus
make some provision for this grain i
expanding the money asked in the ad
ministration bill. .-.....
Reports from the east say that on
plan calls for the fixing of a feders
price that would approximately equs
the Liverpool wheat price. The graf
would be sold to millers and to foreig
countries at that price by the Graf
4 corporation, the operations Of whic
will be extended to July, 1920. Th
. difference between this new low fixe
; ! price set by the Food administratio
and the 1920 price fixed by the Pres
ident would be made up out of til
sum which Congress has been aske
} to appropriate.