trust laws, i 



A D VOCA TE AND GUIDE. 1 13 



Lrust laws, indorsed the industrial creed respecting labor enunciated by 

 John D. Rockefeller, Jr., yesterday, and the creation of a central board 

 of war service committees." 



While capital and labor are protecting their interests both 

 at home and abroad, none are protecting the interest of the 

 wheat growers, not even themselves, as the following num- 

 ber shows : 



Necessity for International Wheat Growers' Union. 



The weekly review of the grain trade, December 1, 1918, 



says: 



"The most important feature of the grain market last week did not 

 come out until yesterday. Reference is here made to the press reports 

 stating that Great Britain will hereafter buy her bread and feed re- 

 quirements elsewhere than in America. The reason given for this action 

 is the fact that she can buy so much cheaper in Argentine and Australia 

 than she can in this country. 



"The dispatches say that the food program of America and the Allies 

 has been broken, and that it is not known what arrangement, if any, 

 can be made by Herbert Hoover in the conference of food administrat- 

 ors in Europe. The situation is this : 



"America had encouraged a great wheat crop by a guaranteed price 

 and had agreed to see the Allies through on wheat. With the armistice 

 England rushed her ships to Argentine, where she gets wheat at $1.35, 

 and to Australia, where she is paying $1.18. The American guaranteed 

 price at New York for export is $2.39M>. Great Britain's ships are 

 also going to Argentine for meat, where she pays 13 cents, and to Aus- 

 tralia, where she pays 11 cents, while in America, whose food program 

 for the past year has centered about meat production for the Allies, she 

 must pay 26 cents. 



"In this way the corn market is affected. Besides, it is well known 

 that the United States government has bought 1,500,000 bushels of 

 corn in Argentine to be laid down at New York at a price that is 20 cents 

 a bushel cheaper than our corn would cost there. In addition to that, it 

 is certain that wheat cannot go down materially in the world's market 

 without a corresponding decline in prices of other grains. All grains 

 bear a certain relative value to each other which, unless prices are 

 arbitrarily fixed, are reflected in market quotations. 





