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Show GUI WORM'S HEADQUARTERS IN SALT LAKE SALT LAKE, June 26'. Mark II Greene, Salt Lake representative of the Federal grain corporation last year, arrived in Sail Lake yesterday from Kansas City, having recently been appointed ap-pointed to take i harge of ihe Sail Lai i office of the fcrain corporation, whit li will bi established in the near future. The plan for handling the 1910. wheat i rur In tin- Intermountaln ter rltory 1h entirely different to that of: last your. The presidential guaran- ' tee specifics Salt Lake and Pocatcllol buying points In tins section, at aicfa 12 per bushel is guaranl I to the produoer, based uim No. 1 haid winter wheat 'The plan of laot year of paying f 2 , n t bushel, f. Oi bi cars, in thw intei-, mountain territory) lma been changed to a Salt Lake boats. The prlco of wheat at points outside of Snlt Lake will bo governed by tho freight do-1 Auction from the $2 price, lens a grmn dealer's and miller's handling charge, In case producers do not ship direct to tho Salt Lake market or other mar-1 liei which maj- prove, to be equally ad J rantageous. System to Change. Tho $2 blanket prlco of last year placed a valuti upon lutormountutn i Wheal higher than that la any other section of the United fltatOB, after taking tak-ing Into consideration tho freight to the primary innrltotB. In other words,; the wheat of Ihln section sold at a ' premium of iiovrn and slx-tcnths centB above thn prlco guaranteed at Chi- I cugo. Tho grain corporation made this absorption on whout purchased, but not on flour. On account of rotlrlng entirely from this absorption busle, tho grain corporation cor-poration bun established Bait Lake as a buying polut and will purchase wheat and bo prcparod to Btore wheat at Halt Luke fur use in the intermountaln . territory, and for shipment to eastern 1 markots. Tho most attractive eastern markots in tho presidential guarantee are Ual-voflton Ual-voflton and Now Orleans. At the con ventlon hold In Now York last week it waa decided to Increase the gulf prion guarantee of ?2.30 por bushel and roduuo the freight rate from In-1 termountain points to tho gulf to a rf-cent cwl basis. These now prior fatos become effective July l Undor the plan as outlined, tho Salt Lako and Pocatollo ?2 guarantee vill be the most advantageous for a good portion of the wheat of tho intormoun tpin territory. Galveston and New Orleans will, however, attract some of the wheat, depending upon the freight rate structure The value of wheat at points other than Salt Lake and Pocatello will bo determined on the basis of the most advantageous markPt at which the presidential price cuarantoe applies, less freight to that market, less i Ingrain In-grain dealers' and millers' handling charge. Ml wheal flour mill., reardles of size all frrain dealers and elevators, all flour jnbb'T and all bak r. m;ing fifty barrels or more per month are required to be licensed. While there exists the authority to license retail ers if found necessary, that will not i at the present time be put into effei I Onl? licenses who enter Into con-' tract rule with the Krain corporation win be able to avail themselves of ! an indemnlflrnt inn in tho event of a lower resale price of wheat. Contracts will b issued to above named trader shortly, cmnc the Interests ample projection pro-jection In case the grain corporation reduces the price of wheat. The presidential guarantee of $2 all Pnratllo and Salt Lako and other points deslRnatd in the proelam;;tlnn applies directly t" producer- Th contract gives to the rin and mill-1 l inK trades ample protection In f? nf a reduction in the price of wheal Such loss the grain corporation, bv act of eoncresp, Is prepared to assume as-sume The millfl dealers and elevators in purrhnslnp wheat from the producer shall buv on the basis of federal Arsdes, uslnc ihelr ben and honest Judgment In case of a difference of opinion a; to the grade, a simple ol vhat shall be agreed upon and sent to the Snlt Lake office for decision as to proper grade Notice of this melh od of apprnl will b- posted In all nulls and elevators buvlng from producer OO |
