Show U. U S. S WILL I NOT LOSE ON WHEAT PRICE PLEDGE J. J H H. Barnes Federal Director tor Declares Fair Value Basis for Trading b New Xe York April 26 Officers 26 Officers of oC the food administration grain gr-aln corporation announced tonight their conviction at atthe atthe atthe the close Cf Gt a three day conference to for the coming year that tho the government price guarantee guarantee guar guar- antee to wheat growers could coul be bo made effective without en endangering the marcot mar- mar Hot cot o of causing loss to the national treasur treasury I Julius IL Barnes president of oC the corporation cOll or Uon and federal wheat director declared declare that crop indications were werl that wheat would be traded in on tho the government fair price basis It will be possible he ho added that the market generally might be bo above the fixed price schedule in which event C trio the wheat director would not be an influence influence ence In trading as Congress adopted no maximum price policy In case a cr crop p exceeding the demand requited required government purchases and re- re sales In order to make good the tho difference dif dlf- ference between the tho market price and tho farmers farmers' guarantee Mr Ir Barnes said the tho conference recognized the necessity o of or measure measures to Insure reflection of oC the resale rate to con consumers umers of oC bread However with the spring wheat season season sea sea- son two weeks late Indicating a d decreased de- de creased acreage offsetting the forecast record b breaking winter crop the tho director director tor asserted there was a lessened chance that the country countr would produce their very cry large exportable surplus of oC wheat popularly expected c With few Cow exceptions Mr Ir Barnes stated tho grain administration would have ha the samo same personnel as during the past year Robert Hobert A A. A Lewin second vice Vito president In San Francisco had resigned to gc G into private business he said and would be he succeeded by V. A. A Starr his volunteer assistant II H I B B. B Jackson of oC Chicago had intended to retire but consented to when President Wilson on cabled from Paris a request for or continuance of ot the 1919 or or- or rd Ed M M. M Flesh of or St. St Leu Is in charge of at tho the London office and Charles T T. T Neal cal of oC Omaha director director director tor of the corporations corporation's activities at Hamburg Germany German also would remain in the service Mr 1 Barn s said I |