New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-19


ment has no authority TO FIX the price
Of loaf OF bread The Food Admin
istrator in this connection called at
tcntion 10 the fact that Great Britain
regulates retail costs, and also to the
fact that both Great Britain and
France are substituting flour.
But what kind Of -four is it, he
asked. "It has cornmeal in IT,, soy
bean m,al, rye, and all sorts OF IN
gradients. Great Britain and France
are eating war bread.
I'VE do not want 20 put the United
States on a war bread diet ~ we can
helm II and | think we can help it,"
Mr.. Hoover issued formal state
ment on the food conditions IN eN-
tension Of his talk. calling upon the
farmer as well As tho retailer 20 come
20 the front
Corner Now Turned
The food administrators statement
follows:
The food administration considers
that. subject 10 cooperation from the
farmers and the retailers, the corner
has now been turned IN high prices, ana
that most Of the essential commodities
should. one after another, continue 10
show reductions between now and the
end OF the year.
"The food administration has no con
trol of either the grocer or his organ
nations, nor o. the great majority o.
retailers The foundations have been
laid for regulation of the intermediate
trades and where these regulations
have come into force and the trades are
generating finely. considerable results
are evident in the wholesale prices
"The current prices at which flour
g, beinr sold az the mill door IN lute
bses vsrv somewhat with the Locality
orS freight charges on wheat, loledo
showing the lowest prices, at sIV 10,
first patent. and 500 lot Seoohu
patent, the highest being Bunsio' a.
5000 for first patent, ana sIV', 80 i eo
second patent. Minneapolis BENG s4O'ov
Sov frst patcnt. and s10.46 for second
,stert This shows large reduction
under August prices. ,.-..;Lu.;.,
20 Wheat and the manufacture OF nouE
.,yere mt into force the middle o. sep
"Tbe average retail price on FIRST
..ar.s IN Te6 cities on October IS was
20 ~ from $3.50 20 s. per bsrreI
49, tban IS warranted by the prlce
hstno made by the millers. In oInel
odd the retail price has not whoiIs
resnonded TO the reductions maze "
the millers. ..i
~Tbe bean harvest this year IS esti-
-,o.ed bv the Department OF nsi',
cniture at approx mateiy roVV,oIyv
bnsLels in excess o. last year OF HeA'ts
double last year, and promises
sbundant supply. The groves
soeiations in prominent oesH 49, I8is
states are holding beans LOT 80 an
10 IS cents pound hs asN ,Iros,srs
average price realized oy Ine s'0
ias. wear Of S cents pound. g.
..Tbere has been 100 per cent III
o-oose IN the Manchurian bean crop.
- = ie now estimated at -'VVO'VVV
tons Owing 10 shipping shortage
nractieallv he only outlet IS 70 ne
tinted States, and these peans VII
Sow, into the American market from
necember on much below me prices
~ov being demanded for American
leans eoo
600 900 to 100000 600 bushels over last
year. and will be generally aVaiisoIe
about the end Of November. Inc price
OF corn rose 20 2.3O per bushel IN Juiy'
and now stands at Sl.sO per bushei IN
CLSosoo Nov, corn is quoted in Chicago
A. s1.13 per bushel for December anu
indicates nearly 40 per cent decrease
an the price Of cornmeal when the new
corn in generally available
Meat and Dairy Costs Lower
The very large corn supplies from
me new harvest, together with the
larger supplies Of barley, velvet beans,
cottonseed. peanut and soya bean meal,
ali promise much cheaper cattle, hog
and poultry feed, and Will enable the
PRODUCTION Of beef. pork, poultry and
dairy products al much lower levels OF
cost 10 the farmer than to-day. and MS
earnings can be maintained with lower
prices of products. The packing, cold
forage and other manufacturing and
wholesale distributors in these trades
are in course OF regulation.
Beef already shows some tendency
toward reduction in wholesale prices,
but these have not been so far reflected
in the prices quoted By the retailer.
The price Of beef az the packers door
le 14iz cents per pound as conf pared
with Is cents in the month OF July,
while the average retail prices OF
round steak in 796 cities is 81 cents
per pound, against 27 cents per pound
IN July. thus showing that retail prices
nave increased while Wholesale prices
have decreased.
I'VE have a potato harvest of SO per
cent in excess of the crop of last year
The price at the loading points varies
from $3.50 to $3.50 per hundred pounds,
dependipg on the section where grown
and the cost Of getting them 70 market
The price. which is somewhat higher
than at this period last year, is due TO
a tendency on the part Of the producer
10 hold the potatoes for higher prices
than last year despite the greatly in
creased crop, and 10 the temporary in
ability Of the railroads 10 furnish
equipment sufficient 20 move from
many sections the quantity available
40 this time.
Price Of Potatoes Should Drop
The average price Of potatoes de-
hyered in the markets has closely tol-
lowed the price which the producer has
received plus the cost OF distribution
10 the market.
"The larger supply Of cars and the
large harvest warrant lower prices
later in the fall.
Beet sugar prices are being con