Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1921-12-16
WHEAT GROWERS HEAR
ADDRESS BY JEWETT
General Manager of Northwest Wheat
Growers Association Tells of
Work and Prospects of CO.
operative Selling
Associations

Approximately 100000 bushels
OF wheat will be sold this year by the
Northwest Wheat Growers associa-
ton for the cooperative organi2a-
tions of Washington, Idaho, Oregon
and Montana, George G. Jewett, gem
eral manager, told the mass meeting
of members of the Washington-Idaho
group at the headquarters in the New
Madison building, Spokane, Monday.
Mr.. Jewett explained that while this
amount is considerably less than the
sign-up of the organizations, it is
considered exceptionally good in
under which the farmers have been
laboring.
Considerable wheat was lost be-
cause of chattel mortgages and de-
mands that the grain be marketed
Immediately, so that the spot market
price could be secured for application
on debts said Mr.. Jewett. This
has hindered the operations to some
extent and it has minimized their eff
feet on prices and has prevented a
full attainment of price sterilization
which otherwise might have been
achieved.
but at that the organizations
have had a remarkable influence up
on Northwestern prices this year.
can quote you opinions from publica-
tions of the grain trade by the score
pointing out the narrow differential
between prices on the coast and the
prices in Chicago. 1t is generally ac-
copied as an accredited fact that we
have been higher in comparison to
world prices to the extent of from
five to / 2 cents per bushel than in
previous years. | do not say that the
association has been the sole cause
for this relatively higher market, but
do say to you that it is the only new
factor that can be given consideration
and that it has been an important
factor in regulating the flow of Pa
cifie Northwest wheat to market and
therefore it is only fair to presume
that it has had material bearing
upon market conditions"
The average price received by the
association for sales up to the pres
ent time is approximately '$1.15 a
bushel basis No l, coast, Mr.. Jewett
told the meeting, making public fig
ures on sales for the first time dur
ing the present season. He eau
toned the members not to make this
price basis for judging the ultimate
results of the 1921 pool, explaining
that a good deal of the wheat pool
yet remained to be marketed and up
on the prices received for it would
depend the final result,
The average price of $1.15 is over
all, said Mr.. Jewett. Without ref.
erence to grade or freight. These
items must be deducted as well as the
association overhead to determine the
exact average price at the present
time. If wheat reacts to it's legiti-
mate statistical position, much better
prices seem assured in the future
And if they are secured the associa.
tons will be able to return an aver
age price that should be highly at
tractiye to all and demonstrate the
benefits that are to be secured from
organization.
The present overhead of the
Northwest Wheat Growers associa-
tion and the Spokane office of the
Washington-Idaho association is IL
cents per bushel, according to figures
afforded by the members by Mr.. Jew.
EFT. This overhead expense consists
of salaries, rents, office help, etc.