Elk City mining news. (Elk City, Idaho) 1903-1913, 1912-10-31
CHEAPENlNG EFFECT PRODUCED
BY LARGE CROPS, SAYS
SECRETARY WILSON.
PRESIDENT SAYS FOOD IS CHEAPER
Great Prosperity of Farmer Is Re-
Elected Upon the Consumer,
According to Our
President.

Beverly, Mass.-ln statement is
sued here based upon reports from
Secretary of Agriculture James will
son, President Taft declared the wave
of high prices for food throughout the
world has begun to subside in this
country.
THE wave of extremely high prices
for food throughout the civilized
world" read the presidents state
ment, has reached its height in the
United States and is subsiding. The
American people have cause to be
thankful that because of our industrial
prosperity it has not been attended
here with the great hardship which has
prevailed in some of the countries
where high prices have combined with
low wages to reduce the working peo-
pie to a point bordering on starvation"
Bumper Crops Reduce Prices.
According to the announcement of
White House officials, Secretary Will
son made an investigation of the
causes of the prices and the effect of
the bumper crops in the United States
upon such prices. The great prosper
| ity of the American farmer, the report
to the president showed, has brought
about a material decrease in the cost
of food products, although in many
! instances the reduction will not be-
come apparent to the consumer for
several months.
The report promises that the price
of meat will decrease notably on ac-
count of the bumper corn crop and
after cattle, sheep and hogs fed from
that crop reach the consumer.
Saving $5oo,ooo,ooo.
Secretary Wilson advised the presi-
dent that if the nine great crops of
the country-corn, wheat, oats, barley,
rye, buckwheat, potatoes, flaxseed and
saving to the consumer of about 8 per
cent, or nearly $5000,000,00v.
The crop increase will make up to
farmers, however, reductions in price.
Mr.. Wilson shows that while the re-
turns to the producer on October l,
1911, amounted to $9,S6S, 100000, at the
prices prevailing October of this year
their return will be $4,454 100000.
Crop 20 Per Cent Greater.
Mr.. Wilson's report, according to Of
ficials here, shows that the aggregate
crop in the United States will be about
20 per cent greater than it has been
for years. He shows that the wheat
crop of the year is nearly 100,000,000
bushels greater than last year and
says that high-grade flour is costing
at the mills 80 cents a barrel less than
it did year ago.
The corn crop, Mr.. Wilson points
out, exceeds 5000, 100000 bushels, and
there has already been a decrease in
the price of corn of 7 cents per bushel.
The hay crop, he says, has increased
more than 100000 tons over year
ago, and he declared that, in conse-
quence, the price per to- has fallen
S274. This decrease, he maintains,
will not only decrease the price Of
meats, but of milk, butter, cheese etc;
Food for Stock.
ms years oat crop amounted 10
= 1,417OOO,000 bushels, an increase over
: last years crop of more than so per
= cent, according to the report. Most
; OF this crop is used as food for stock,
| Mr.. Wilson declares, and the increased
crop and lower prices-on October 1 a
bushel of oats cost 1876 cents, as COM
= pared with 1880 a year ago-will also
) make for lower prices for meats and
all live stock products.
Typhoon Kills Thousand.
l The typhoon that swept over several
2 OF the Philippine islands on October 10
l resulted in the death of more than 1000
} persons.
l The coasting steamer Tayabas foun-
dered off Escalente The bodies of 10
t flllplnos and Spaniards came ashore.
: The typhoon virtually wiped out the
towns Of Bogo, Danao, Toledo, Maasin
and Escalente.
2 TAFT MAkEO DDEnINTIONC