The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-04-22
BILLION WHEAT FUND
TO BE LITTLE USED
nir,rtor barnes Docs MOI Antici-
nnlc Nny Heavy lnroad on Guar
nnt,E by the Government.
WORLD PRICES TO GOVERN
consumers Not 10 Pay More for
Products IL Declaration Of New
Head. Denies Acreage Reduction.


-H--
,rW YORK. April 81 - DESPITE
,......nAnce Of the government
gy1...r.rcd price in the fact OF an
r...au wheat crop which vii,
,r. ably break ali records. domestic
consumers viii not pay more for the
,r. ..., during the coming year than
Ia, .Hs Concurrently accepted from
a t.-, 40 buyers. julius H. Barnes.
p., appointed federal wheat di-
.r...r l.aurcd the public in state
urr 1night outlining the policies
Of fa. administration
NJ. Barnes termed unsound any
mental scheme for artificial
.a. pE.ug and thought tt quite pos
.ll.. with the greater part OF Eu
-nr. ookIng to America for food
and ,lr crop prospects OF the allied
.pu..uc5 even poorer than last year.
ma uIc luroad would be made on
,n, non dollar fund provided by
con -y.s 10 carry out the farmers s
ggrl.tce OF 81 90 "A bushel
World Price Govern.
However, should there be a sur
r.4r production OF wheat. he said
The .lional treasury would be pro-
t,.l,I as far as possiblt by making
GOOD the difference between the
rlr. r'cc and market rates by deter
rutlon Of world price. How
nu.n Of the federal appropriation
Nj. na expended. the director stated,
would depend on the harvest. as
would also the government policy
in hugug and selling portions OF the
crop luul facts concerning the 1919
Weld we're more generally known.
he added no definite plan OF opera
ton could he intelliGently adopted.
On .uatIOn to federal acquisition or
Nh,u. which he predicted would
be- Carried out on an extensive scale.
enforcing the farmers guarantee,
rlr'Irularly II the world price should
boz ioNcr than the government basis,
effective until Juno |, 1920. Mr.,
Barrr, said three plans were under
consideration: Direct dealing with
Tho farmers which would bring the
director into contact with 100000
persons, purchasing through the
country grain exchanges, which
would ucccssitate keeping 10000 aC-
count, and buying through the mills,
which would reduce the number OF
clients to 1000.
To Control Sales.
'Sc' ~ 10 sale OF government -acquir-
ed stocks. the director said that
congress. with clear conception
Of the difficulties Of the coming year.
had delegated TO the president large
powers and discretion, which would
BE- az the service OF the wheat ad-
m.n!strauon The sale policy. he
stated, would be determined bv fac
tors developing with the season. and
the license power would be used TO
control ,rade practices 10 assure
proper reflection OF the guaranteed
r-..r reaching all classes OF pro-
dJrors.
Accepting the department OF aE-
rDulturcH estimate OF the largest
v. Ter wheat crop in history. and
making allowances for unfavorable
weather conditions which had held
The spring crop back t~o weeks,
Nr Barnes predicted that Americas
1919 wheat yicld would tax TO the
utmost the Countrys storage. rail-
road and shipping facilities. He
expected reduced wheat and wheat
products prices within two months
they are now above the government
lIr price level owing to the heavy
export demand--but saw little
chance OF a return OF the scent
loaf of bread The cost OF flour
w,s only 4j per cent OF the cost
ot bread, he said, and with the
wages and other factors OF manu-
hcture az high levels there was no
present likelihood that the price
would be cut In two,
Not to Cut Acreage.
W Barnes denied reports that
government agencies were urging
farmers 10 cut down their acreage
q. sprng wheat, and regarded AS
fortunate, In view Of food conditions
throughout the world. the probability
mat America would produce this
Year me greatest crop ever grown.
ih" 1918 hdrvest--se second largest in
'no nations history--was consumed
Or pledged he stated. Whether the
world value would continue during
NE coming year higher than the
Eo''rhwcni-fiNcd price, he said,
WoIj depend on the foreign crop,
who's" prospects field agents OF Her
her' Hoover, head OF the inter-allied
iooi .HWm!ssion, were studying
'I' would be well for Americans
To appreciate Mr.. Barnes asserted.
'lha five rayaglng years" had
,E.'H.'| an unparalleled world food
Aos .on.
Recovery Slow.
~. Da1nOi be remedied at once"
DO .1uI1ucd. we can not build q
wall around our own fortunate coun-
'rF .ni refuse to share our plenty
N',' no unfortunntes OF Europe,
am. an food. American shipping,
Ann" AN organization and American
i'aa nip under Mr. Hoover. have
saved total in actual lives and in
sure. 'r mat should stand In Amcri-
can pride beside the military record