The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-03-03
PROBE INTO GRAIN
RING TOBE SPEEDED
Senator Calder Expected to Re-
port Resolution Order
ing Inquiry.
from First Pass)

Continued from First Pase)
antee until the bulk of the crop was
out OF the farmers hands. and then
let 1t soar. The spectators reaped
the beneft. he added.
Further discussion OF the charges
that julius ii. Barnes, head
of the Grain Corporation, personally
came to Washington last week In an
effort TO have the Governments mini
mum price guarantee extended. He
and Il. L. Shattuck, vice president
and general counsel OF the Grain
conferred with Chairman
Hanger OF the House Agriculture
Committee, about the extension, called
on members OF the House.
Bar.e. seeks Extsnsisa.
When Barnes sought to base the
plea for extension on the ground that
1t would benent the farmers. who
he asserted. will have considerable
wheat left on their hands when the
guarantee expires June i. he plainly
was given to understand that Con-
gress would have to be shown that
this would be fact. He has not
shown the Congressman as yet. and
his effort to have the extension bill
As developments In the wheat stu
alton appear, the chance OF action on
the pending 10000. 900 European food
relief bill grows DINNER. Renewed
appeals by Chairman Fordney OF the
Ways and Means Committee. for q
special rule for consideration In the
House have fallen on deaf ears. Mr..
Fordney has carried his case to the
Republican steering committee. as
well as to the rules committee, but to
no avail. The leaders are more de-
termined than ever to let II rest In It's
pigeonhole.
out by members OF Congress from
the wheat States how the proposed re.
lief bill would benefit spectators who
have large quantities of wheat on
hand and face the expiration OF the
Governments guarantee and the
probable consequent recall by the
banks of millions OF dollars in loans
on warehouse receipts. They said:
The amount OF wheat available for
consumption in Europe Is greater
than was anticipated. There will be
an excess OF more than 1000. 900 bush
els over the estimated yield. That
excess will take the place to some
extent of the contemplated exports
from the United States.
The proposed food relief appropria-
ton, therefore, would tend to relieve
this situation by max ing a market for
some OF the wheat held by spectators
here and at the same time help main
tain the market level in the country
Would Ala seecuIaters.
Extension of the Government guar.
anty likewise would result in benefit
to spectators who may be heavily
loaded with wheat, it was pointed
out. Otherwise the expiration OF the
guaranty will take the support of tn,
Government out OF the market and
price drop will follow.
This loss, Congressman from the
wheat States declare. will fall heav-
lily upon the spectators. There Is
some wheat still in the hands of the
farmers, they say, but most of II Ia
in the country and terminal elevators
and in the hands of spectators and
millers.
Moreover. the new crop will begin
to appear on the market as early as
June /. Anticipation Of this factor
1t is certain. will add to the proba
bility of a drop in price.
Another reason for the belief that
there is certain to be a reduction in
the price OF what, which will hit the
spectators, is the indication that
there will be a surplus of this years
yield at the end of the crop year
June /.