Evening Republican, Volume 59, Number 100, Rensselaer, Jasper County, 18 May 1917 — Lays Blame For High Wheat Prices On Allies. [ARTICLE]

Lays Blame For High Wheat Prices On Allies.

Washington, D. C., May 17. —Convinced that the gigantic wheat buying »ope rations of Great Britain and its a’! : es are chiefly responsible for the skyrocketing price of breadstuffs in thia country, the United States government has asked the foreign rations concerned to dispose of their immense 'holdings of grain for future delivery. The admihistmaition has been advised by representatives of the associated grain exchanges that a selling of future holdings by the allies would reduce the price of wheat at once at least $1 a bushel. In the preliminary negotiations on this proposal! the representatives of the allies "have indicated a willingness to part witih their future holdings provided the United States will guarantee that they will receive the amount of wheat .they need from the coming crop. It was stated last night that an agreement probably will be reached within a few days under which .the allies will sell their futures.