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Show GAMBLERS II WHEAT IRE WARNED BY GRI1 HEI Administrator Barnes Throws a Bombsheli Into Camp of Speculators Specula-tors in Windy City. Drastic Action to Follow Fol-low if Flour Prices Do Not Show Improvement Improve-ment in Near Future. CIIICA' -O. M:iy . Ji:ln;s 11. B;irr.cs, nat;or,;:.l wcat auministnucT, s-aUl in an aurircsj tnd.iy to r.v.rr.bors cf tho (.'hicago Boird of T.an.- th.;t the act CbtnHlrh.rs trn; fnud administration 'a'"e authority to control trauir.'? i:: foods tin 'fa on ex-ehur.gr ex-ehur.gr 3 to the ejitcit of prohibiting future trains altog-Pth'.-r. that tno act wi s still In ff-ct, h s J.:ty aa im- p.ra :ivo if d ; moT's'.iv.ted aises tiioulu arise. Mr. Karros nuestiorcd frar.k1 whether a f t c 1 1 r. t i l u :n -rr. p-ires ?uch ;is vooT; place In Chicago -Tdry a mrld hi cak of 10 or 12 cents followed ly a quik react re-act on of G or 0 tit s was not a t -r inuication of ve?u!;it ion c n o 'are a scii'e that It as overhaJancins leitimafo functions. A conference le c.i'.led May 1'. a.t New Vor amor-sr ropretntft tives of millers, mil-lers, bak rs, irn. in trade and others, L.X. which ce; tain trawe agreement a will be enu-rrd into, Mr. H.trnea announced. BARNES HINTS AT DRASTIC ACTION. He added that if the prices of flour did not sharply reflect the real situation in record to supplies, tho United tuittt must &l:crtly rtturn to the 1 1 7 food regulations, regu-lations, which allowed only thirty days' sup pi y to be held on hand. l':j Jiu not want to do this, however, lie s:tid. Tuere uaa touch of thv dramatic in the af'penrance of Mr. Rirne.s i:i the 4110-tati'i 4110-tati'i rooms of the trading floor, for yesterday yes-terday w:is not tho first lime that an ut-terince ut-terince of Mr. Barnes ha3 upset the calculations calcu-lations of traders. The crowd was bullish yesterday, and buildinc: thereon -with due consideration to muddy reads, rain and other actors making for higher prices. Their buying had run the price to a new hih record for the crop when, out of the clear sky. there came from Minneapolis Mr. 1'arnes's statement that wheat was to be imported in moderate quantities from Canada. LIKE A MONKEY WRENCH IN THE MACHINERY. Prices dropped 10 or 12 cents, and there was among Mr. Barnes's listeners many who lost money in the slump. They regarded re-garded him a-- one who had thrown a monkey wrerch into the machinery, although al-though Mr. Barnes had given ample warning warn-ing a week or so before that no would take just such action if speculation in flour was not cjrh- d Many members of the board present today to-day know the grain dictator personally, but to m ore he w ;vs a stranger. When his trdl. athletic figure appeared, a whisper whis-per went around: "Why. he's young, isn't he?" Mr. lrftirnes, it was admitted, is the biggest big-gest figure in the grain trade of th world by reason of his position and the traders noted Ms yovngisit look and his healthv crop of light brown hair with surprise and interest. Before the government drafted him Mr. Barnes was a keen trader himself, and phases of his spevch indicated that ho sympathized with the feelings ox thuo who had been hit. SENTIMENT MUST TEMPER BUSINESS. Neverthele4, he warned them, with "half the world in chaos." as he phrased it. business must be tampered with sentiment. senti-ment. To one wno. like hitnse'f. had vis- ited Belgium, the sentiment came over- , whelminirly, "I know that the food administ rater i relies on the officers of this exchange and 1 others to protect this situation in the pub- i lie interest, and am sure h wilt not j look in vain.'1 said the speaker. I It has been tr. mv mind for pome time. ! and at a conference In Now York a week from t day, whih. I have arranged with ' a d visor v commutes from the grain trade, from the nulling tride. from the ; flour jolli ers and lakers of this country, j among other things I shall discuss with 1 them the tabulation of 1 weekiv repjrt of authentic and oact information to be i made public. do not see why, for instance, in-stance, (ho baking trde and the jobbing' t iitde of this country should be excited by entirely erroneous statements . to the growing tcareity of wluai and flour when it ts not the condition. "As for t)K coming year." 3v continued "I l.:ne a g.eat desire thai tho duties o' tho wheat d" rectors, may ' e u iscli.tred, not by compulsion or the use of the ou- (Contiuuei on Page 13, Column 1.) 1 (Continued finm Fage One. ?rity v'te 1 i n the !.im- o .oly, h-.i: h-o-eivr;: t:ve acreerve'Ts with t e :ir."':s Hues M'.eclf.i. 1 h.e to work e :. vol-in'.ry vol-in'.ry t.v n . ra c : tn I rr-'.at ; s K-:vc;-:i ; ,o rrr.-n oo-v.u'ci, t::o i;'- t: .i i t ie ,ta : n t r.i d e . the T. c u r K d -1 e r a . . i 1 1 e Alters such as w:!I pr'ts.': fu;:y the prop; r.tervsts cf tvith proti-i -er a-;.l con n or. jc paforJ f.i:r field for ' -'c: .i:.a te r:..:ive ard f.er-ty ar J an oti-, i Kr t:rr.ate an h:'.:or.." The srva--?r he wh-d rrak-.- ft i?.ir t.iHT ire uhtat iiirc:c-r hu :.o iu-5rtty iu-5rtty in !w to eortro! ir. x:r t: n rr..--. what. hut he must tr. ;kv e::v.:ve iio-c'uteiy iio-c'uteiy the guaranteed rro-.l :cor pr.cr. When Mr. tsL-.i"-s conoUidfd tr.ert- wa rr'u-se, find then a rush t.ick to :ho -v:;rg ; :t. The price was r. r ous for . iew rr.".r-.a!s. at first -iro- ?::u: cr.t f so. and t :-?n. r.tter a i.tt'.e i-cs:tat.on. he r-ri: revord-Hi ard a.t '.::.ed tr.e I -. f the c.tv. The ce-.T-al op::.:n .cen rd h.-.t the t-j.T.rish iiue'-v.-cs ha i L-j:i iut.y cou:.;ed bv vested jy's dto.:r.o. |