The Devils Lake world and inter-ocean. (Devils Lake, N.D.) 1915-1920, 1919-03-12
AT
$3.50. seen
BY HOOVER
ADMINISTRATOR PRE-.
Diets PRICE IF THERE IS
FREE MARKET AND NO TRADE
CONTROL.
PLANS TO RETIRE FROM "
RELIEF WORK IN SUMME!
THINKS, U. S. STANDS A. FAIR
CHANCE NOT TO LOSE ON $2.2S
GUARANTY = EUROPE SHORT.
AGE UNDERESTIMATED.

Paris, March o. That Herbert
Hoover, the American administrator
and lately appointed director general
of the. Inter-Allied relief organiza-
ton, is to cease. his relief work in the
summer was indicated in a statement
issued to day by MI. Hoover, concern
ing the wheat situation. He intimat-
ed that a majority Of his co-workers
would return to private life.
Speaking of various problems con-
nected with the wheat situation, Mr..
Hoover said they would need to be
solved by some n else, because
neither myself nor most of the men in
the Food administration will be able
to continue in the service of the gov
eminent after July"
1--WE, also, must earn a, living" Mr..
Hoover said.
Reviews Wheat Situation.
Asked whether the United States
government would lose the billion dol
lars appropriated to support the guar
antee for next years wheat crop, Mr..
Hoover said:
"The question of government loss,
if any, will resolve around several
different factors;. first, whether we OF
the world will have any surplus
from the 1918 crop to carry over into
next year; second, what the supply
and demand will be for the 1919 c,op
and third, whether the government
should deliberately decide to take {
loss in order to lower, tie price Of
bread.
No Surplus Likely This Year.
"As to the supply and demand fol
the 1918 crop changes in the worle
demand during the last month, shown
by widespread investigation of tn
food needs Of Europe, Indicate thai
there will be no surplus to carry ovel
into the 1919 crop. The India famine
has proved so serious that q. larg.
part Of the Australian wheat must g,
there at once In addition, a consid
cradle proportion Of the Australian
supply which has been piling up TO
yeas has spoiled.
"The needs of Europe arc large
|. than our previous estimates. Alto
.Igc>her the balance of the supply an,
. demand for our present wheat nov
looks as though we might see wha
!. at $3.50 a buslSel as it was in tn
spring OF 1917, if there is a free mar
ket in wheat ard uncontrolled prices
i, So much for the 1918 crop. There ca
I be no free market Of 90 per cent !
the worldd's exports. Wheat is cor
: trolled by the wheat executive in Lou
, don.
European Crop to Be Short.
"As to the 1919 crop, it is of caurst
too early to come to any precise cor
!, clusion. Our crop looks anything fror
i. 10 to 20 per cent greater next yea
than last year. Before the war Rus
! STA, India, Bulgaria, Serbia and Ru
mania, all exported large amounts Q
( wheat. The war famine, loss of s.e,
/ and lack of fertilizers and anarch
havs accumulated to turn these cour
t tries into importers of wheat for tn
, wholesof next year.
' Central European seeding will b
below normal. The Australian 191
cop is small The Argentine crop
no longer than that of Europe. Alto
gether it would appear now that ther
2 : would be no bread to waste in an
quarter Of the world for the next yea
even if the world had the money
! pay for it, and if the BolsheviE di
{ not get more territory.
{ therefore, to all present appear
= ances it should be impossible to maj
, ket the whole of next years Gro
without loss to the government.
World Price May Exceed 1925.
GAS to whether the government wi
deliberately take a loss below tn
price Of 1925 a bushel in order I
8 lower the price Of bead is a matte
that will have to be determined b