The sun., 1919-06-11

and Generalization that would reach far
beyond the confines OF that agricultural
class alone"
Mr.. Barnes gave figures to show that
the other wheat producing countries OF
the world, outside of Europe. could sup
ply for overseas requirements only 3t0,-
00e,0e bushels, and that all above that
must be supplied by the United States.
He estimated the consumption OF bread
grains in Europe as 7.s75.oo0.000 BUSH
eis annually, and the overseas movement
TO make up the European dencit as $780,
900. 900 TO so0,0oo,o00
80 that II seems quite possible that
there will fall upon America an overseas
demand OF 41o.ooo,ooo to 100000, 900
bushels. The largest previous export
movement of wheat and -four from Amer
lea was the crop year OF 19ll-16,
amounting to $50, 900. 900 bushels.
SHOULD this demand materialise Il will
require the most careful supervision OF
seaboard and inland markets and OF rail-
road and water transportation to put
that quantity through our ports without
severe congestion.
"our crop promise OF wheat for
tunateiy promises to yield between
.
Our home consumption for bread and
seed may be roughly calculated at 60o,-
900. eco bushels. Starting the crop year
with no reserves or carry over from the
crop 3ust finished we are called upon to
export 0xceeding 900. oo0. 900 bushels. It
leaves us only the promise OF such ade-
ouate reserves as a great consuming
country should carry from one crop to
another.
This forecast at once suggests " con-
sideration Of policy as to whether,
50 per cent. OF the probable overseas
requirements, we should ask a higher
price than the Government fair price
basis.
Again, remembering that the Govern
fnent guarantee price Is probably as fair
an expression of value as can be ascer-
tatned and that its security in produc-
ton has been demonstrated by the
acreage planted to wheat this last year.
We should neither demand nor accept
for Government sales price substan-
TALLY in excess Of that fair price. plus
proper accrued charges"
Farmers, 1filIers. Brokers Talk.
After Mr.. Barnes's speech the discus
sion of various functions of the Food
ers and millers and brokers present
One thing the small millers and farmers
were most insistent on was the neces-
sity for carrying charge to be paid to
farmers as an inducement to hold back
their stocks and not food the market
with wheat at the beginning of the crop
movement. The general opinion seemed
to be that two cents . bushel a month
In addition to the guaranteed price
would be fair. There seemed TO be
little belief that such a payment would
cause the farmer to hold his wheat too
long.
Those advocating this suggested that
II begin In July and go on until Feb
rusry. after which the farmer would BE
expected to get HIS market as quickly
as possible so as to free himself in
preparation for the next crop. A num-
Der of the producers drew up a resolu-
ton, offered by N. r. Myers OF Chicago.
in which they strongly urged the neces-
sity OF this carrying charge. Mr.. Myers
said that IL It should be found that this
held up wheat occasionally steps could
be taken to make It move. and 1t was
suggested that the charge should be
withdrawn any time the wheat admin
istration deemed It best
Mr.. Barnes wanted to know what they
believed would happen II this charge
were not paid to the farmers for storing
wheat ''Wed get left" You'd be
showed under" I'VE hate to contemplate
what would happen" came in rapid fire
from the floor.
Abuses Under Last Years Plan.
The abuses of the permit system under
which the crop was moved last year
came in for condemnation from most OF
thoss present, only a few favoring the
blanket permit system. and almost all
charging that tho individual permit sys.
tenn was bad. Some producers got per.
mits when they had no wheat. with the
result that others who had wheat could
not get permits.
Even those who had wheat found that
occasionally they got the permits SO late
that they could not get the cars and
when they got the cars they had to ap-
ply for new permits because the old
| ones had run out Tho blanket system
worked better, however. and 1t was said
by a number OF men that II certain
changes were made In the blanket permi,
II would undoubtedly do much to solve
| the problem of transportation.
II was found that many producers IA.
| vored the embargo system, calling the
permit system the rottenest thing ever
| forced on the country shipper" but C. E
Spence, internal trafic manager for thu
| wheat administration. said that an EN-
barge not only holds up the wheat move
| ment. but holds up all the railroad
| traffic where Il is in force. with the
increase of Government exports he sale
| that undoubtedly some control must b,
| kept over the shipments.
As to the carrying charge. Mr.. Spenc,
said: II don't know that 1t will worl
to help thu movement Of wheat. dom
think II will, but II will remove the anx
ieties Of the shipper
| Mr.. Spence said the reinstaiiments o.
the permit system was now under con
sideration. but that those In charge dix
not want to restore It unless It IL proved
absolutely necessary. He himself pre-
ferred the blanket system.
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