Evening star., 1923-10-03
Itlis proposed tosessablfsfan ArneFi-
can wheat market in NewEYerk, Phifa-

IT. IS pfOpBSeq stGS SeSEfpisn-an Arfesl-,
can whsat market in NswsYak, Phiia-::
delphia or Baltimore, in competition
with Liverpool. ..--s.s.. -, -.
To accomplish this. the wheat raisers
of the United States would be organ
lied. under government supervision,
without paternalism or socialism, and
practically all the wheat would be un-
der one business control in a great CO.
operative selling corporation, supported
by a sales commission per bushel, paid
by the owners of wheat sold. This
association would be supervised by the
government,:as banks and railroads are
now supervised, to insure square deal
ing. With this tremendous traffic, a
great world market would be estab-
lished in the United States, in direct
touch, through our consular service,
with the world demands. All consuls
of their respective countries. and to ex-
ploit the superiority Of American wheat,
richer in gulten than any other.
x x * * -.
The wheat used in the United States
would be protected in the interest OF
the producer, and sold only at the basic
| world price, .GiyerpooD, plus the cost
of freight from Liverpool to the con-
sumner. in America, plus the tariff. II
the Liverpool price is 81, the New York
price for export wheat would beHS1, but
for domestic consumption it would be
81 plus ocean freight, plus the. tariff
80 cents bushel.
The present freight rate from Min
~ |, .
| market. to Liverpool. the world mar
ket center is about 25 cents per
bushel. but it varies from day to
day. That would make the total
cost Of a bushel of wheat sold for
Minnesota consumption S1:55.. Freight
is less from the Pacific ..coast to
Liverpool than from Minnesota The
! measure is 'all the traffic viii bear,
| in view of water. competitfon--the
Panama canal-for the far west.
| Our export wheat would have to
meet the world competition at the
world price UiverpooD, but only
l the export wheat would be SOLD at
| This is not. the proposal OF the
4 farmer,banker delegation ! which WIS.,
| tied washington last week. for the
| delegation dealt with only emergency
me asures for the immediate crisis,
and with direct, paternalistic aid OF
4 the government in increasing the
| tariff and s-inp buying Z, 2oo,ooo,0oo
| bushels to be held :out OF the market
at present. -
The proposal ,foEea permanent
| wheat market. based 'on supervised
| cooperation Of wheat producers
| comes from prominent individual
of the delegation. Mr.: 4. d. Stevens,
| president of a chain of banks. cen :
! tering i'm Crookston. Mimi. a large
| land -owner and a. man or experience
| in the Minnesota senate. -
! The delegation of: farmers ana
| conferences of farmers and bankers
at Fargo. n. D., called by the asrt-
| cultural commission Of the american
/ BANKERS Association, and all ex-
| penses of the trip to washington
were paid by the banks OF the re-
spective states represented. Tney
Sress to. ,authorise the purchase. by
| the government of 200, ,ooD. 900 bushels
Ito be held out of the market. They
| also asked that the President ex-
ercise HIS ,rower to increase the
| tariff on wheat 90 per cent and that
| Congress annul all protective tariffs
| ON what the farmers have. to buy.
! These are presented as immediate
| emergency measures to meet the
| crisis Of selling this falps crop,
| Quite aside from these emergency
me a sutes advocated by the delega-
tion for temporary relief is,the plan