Evening Republican, Volume 22, Number 140, Rensselaer, Jasper County, 14 June 1919 — PREMIUM TO BE ADDED TO PRICE OF WHEAT. [ARTICLE]

PREMIUM TO BE ADDED TO PRICE OF WHEAT.

• New York, June 13.—T0 preserve a natural flow of wheat from the farm, periodical premiums covering storage charges will be added ! to the basic price at various guarantee markets, according to an announcement here tonight by Julius H. Barnes, United States wheat director. . These premiums will not be introduced during July, when the basic prices prevailing for the last year will remain in effect. For each succeeding month,' however, premiums will be announced thirty days in advance. ; _ .To Cut Rate»,_—— •Mr. Barnes announced railroad rates from inter-mountain and Pacific coast territory to Galveston and New York soon will be reduced to 56 cents per hundred, the equivalent of 33.6 cents 'per bushel. --This reduction, Mr. Barnes explained, is intended as a reliSTto the producers in those sections as the grain corporation cannot pursue its practice of making effective a $2 blanket minimum price for .all wheat at intermountain points, but will be obliged to confine itself to paying $2 at Pocatello, Great Falls and Salt Lake City, leaving the rest of the western territory to base on the commercial market most. readily reached by it. To assure a larger flow of wheat to the gulf ports, Mr. Barnes said he had decided to seek an executive order increasing the number one base price at Galveston and New Orleans from $2.28 to $2.30 per bushel. He added that he expected this change ! would become effective July 1.