This historic book may have numerous typos and missing text.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. Not indexed. Not illustrated.
1919 Excerpt: ...every authority given under the bill, and the
control of exports to effect the universality of this fair basis
throughout the whole of the 1917 harvest year, without change or
fluctuation. "It should thus be clear that it will not be to the
advantage of any producer to hold back his grain in anticipation of
further advance, for he will do so only at his own cost of storage
and interest, and if it is necessary for the government to buy the
entire wheat harvest in order to maintain this fair price in
protection of the producer, we intend to do so. "Furthermore, the
holding of wheat or flour contracts by persons not engaged in the
trade, and even when in trade in larger quantities than is
necessary for the ordinary course of their business, is unlawful
under the Food Act, and such cases will be prosecuted with vigor.
We would advise such holders to liquidate their contracts at once."
The promulgation of Mr. Hoover's plans led to an immediate decline
in the prices of grain, vegetables and poultry. The price-fixing
commission fixed the price of the 1917 wheat crop at $2.20 a
bushel, which was twenty cents higher than the price named in the
Food Control Act for the 1918 crop. The government then under the
newly organized United States Grain Corporation went into the
market on September 5th and took possession of the wheat in
elevators and terminals buying at the price fixed by the
price-fixing commission. From that day on everv bushel of wheat in
the countrv passed through the Grain Corporation from the elevators
and terminals to the mills. It was sold at an advance of one per
cent to cover the cost of handling, the government making no
profit. To prevent hoarding the millers were allowed to keep at
hand only a thirty-days' stock. Another provision...
|Country of origin:
Edward Sylvester Ellis
||246 x 189 x 10mm (L x W x T)
||Paperback - Trade
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!