Show HOUSE WHEAT T PURCHASE BILL GIVEN CONGRESS Chairman Lever Introduces Introduces' Appropriation anon Measure l Washington Washington Feb F Chairman S S. S Chairman Lever today Introduced the tho bill approved d by bythe bythe the House agriculture committee ap appropriating appropriating ap- ap 1 to maintain tho the governments government's guarantee far the tho InS 1313 and 1919 wheat crops It would confer x pi for tor purchase and sale of ot wheat and flour lour to control trading in w whoa and licensing millers olova- olova tors to-s an and do d lors besl besides es extending gov gov- control of 01 Imports and td export exports ex- ex ports port up to December 31 1920 lilii corners Confers Jiromi Brond The measure said said Mr Lever In presenting the tho bill confers conters on the tho President ent ever every power to enable him to make malee good the guaranty to the producer pro pro- l'- l' ducor ducer to protect the government o against undue enhancement of oC its liabilities lia Ua- and at the same samo time protest protect against excessive price 3 and insure tho the trade trado a against undue losses re resulting from fluctuations in wheat wheal prices Tho bill ho he explained cont no provision for sale salo pried price of or the wheat the tho subcommittee that drafted dratted iho the measure having regarded th the future as ag too problematical to attempt to fix ix a asale asale asale sale price The life Ufe of or the Iho- bill is limited to tho the duration of ot the emergency growing gro out of ot tho the war but all operations 1 mu mut l t tc c cease aso not later than December 31 n. n 19 1920 so as to permit the normal laws lawa of ot supply and demand to become operative opera opera- tive Tho The President within his 11 discretion discretion tion ma may terminate these powers before before be be- fore tore that date Xo No Agency X Named d mcd Through h tho the embargo powers ranted grantee in tho the bill the government may regulate regu lato late tho the flow of or wheat In and out 01 or of orthe the country so as to affect tho the price level ol with a n view to insuring a uIni- uIni mum loss to tho the government Embargoes Embargoes Embargoes Embar Embar- goes on both imports and exports would be by presidential proclamation Although the tho measure does not at attempt attempt attempt at- at tempt to direct what government agency will exercise the powers granted by the tho bill committee members believe that the food foo administrations administration's grain corporation will be bo chosen Tho The President Is empowered by the measure to prohibit in part or wholly transactions on grain exchanges when when- over ever It is found that such transactions are arc causing an any undue fluctuation in price |