Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1912-10-20

$4.454. 100000 FOR
FARMERS PRODUCTS
High Cost Of Living Has
Reached Crest and Easier
Conditions are Predicted
Within Few Months,

IU, Morning journal Special Leased Wirc.I
beverly, Mass. oct. l9-ln a state
mcnt issued here tonight based upon
reports from Secretary of Agriculture
James Wilson. President 1af declares
the wave OF high prices Tor food
throughout the world has begun to
sui side in this country.
The wave Of extremely high prices
Tor food throughout the civilized
world, rend the presidents statement,
has reached its height IN the United
states and is subsidng. The Ameri-
can people have cause to be thankful
that because Of our industrial pros
pcritN ii 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
people to PORT bordering on star
Nation.
According to the announcement Of
White House officials, Secretary
Wilson made an investigation OF the
causes OF prices ana the effect OF the
bumper crops in the United states
upon such prices. The great pros
peritN OF the American farmer the
report to the president showed, mas
brought about i material decrease IN
the cost Of food products. although IN
many Instances the reduction viii not
become apparent To the consumer for
several months. The report promises
that the price of meat Will decrease
notably on account Of the bumper
corn crop and after cattle. sheep ana
hogs offered from that crop reach the
consumer.
Secretary Wilson advised the pres
idcnt that of the nine great crops of
the country--corn. wheat oats. barley,
rye. buckWheat, potatoes flaxsccd and
haN-the october lst prices indicated
u saving to the consumer Of about 81
per cent, or nearly $500. 100000.
The crop increase viii make up tO|
farmers, however, reductions in price.
Air Wilson shows that while the re-
turn to the producer on october l,
1911, amounted to $3,S6S, 100000 nt
the prices prevailing october |. Of thla
Year their return win be s.i14,
0oo, 900
Mr. Wilson's reports, according toj
officials here. show that the aggrc
gate crop in the United States win be
about 20 per cent greater than 1t has
been for years. He shows that the
wheat crop Of the year Is nearly one
hundred million bushels greater than
last year. and says that one high
Grade flour Is costing at the nilis 80
cents il barrel less than it did year
ago.
The corn crop. Mr. Wilson points
out. exceeds three billion bushels. ana
there hts already been a decrease llr
The price OF corn of seven cents per
Dushcl
Tho hay crop he says, has Increased
moro than scVcntccn million tons over
1 year ago. aud he declares that ia
rons equcnco, the price per tom has
Fallen x27i This decrease. he main
aims Viii not only decrease lhr price
If meats. but Of milk. butter cheese, |
itc
The years oats crop amounts to
AZ. 900, 900 bushels. an increase over
ast years crop of more tnan 30 per
'ent, according to the report. Most Of
wilson declares. ana the Increased
.rop aud lower ptires-on october
st y nushcl Of oats cost e3.G cents a.
compared with i2.s d year ago-will |
lso make for lower prices for MEATS
md All live stock produces,
ON potatocs there win nc u savins
# nearly $100.O00.O00 IN the cost Of
wing. ON octobcr lst the producers
we're getting 5ll cents q Dushe for
'otntocs. The Investigation showed. as