Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-10-28
FOOD PRICES TO
START OTHER WAY
Government Bureau Feels That
the Corner Has at Last
Been Turned.
CHANGE By JANUARY FIRST
Foundations Laid for Regula-
ton of All the Intermedi-
ate Trades.

The food Administered ton considers
that. subject to cooperation from the
farmers and the retailers. the corner
has now been turned In high prices.
and that most of the essential COM
modities should one after another con-
tinue to show reductions between now
and the end Of the year. The food ad-
ninistratOn has no control of either
the grower or his ORGANIZATIONS, nor
of the great majority of retailers. The
foundations have been laid for regu-
lation of the intermediate trades, and
where these regulations have come in
to force. the trades are cooperating
finely. the n.illers especially, and con
siderable results are evident in the
wholesale prices,
The current prices at which flour is
being sold at the mill door in jute
bags vary somewhat with the locality
and freight charges on wheat. Toledo
showing the lowest price at $40 for
First Patent, and S9.70 for Second
Patent, the highest being Buffalo at
5000 fer FIRST Patent and 5000 for
Second Patent. Minneapolis beins
$1,000 for First Patent and $10.f6 for
Second Patent, and shows n large re-
duction under August prices.
The regulations on the distribution
of wheat and the manufacture of flour
were put into force the middle of Sep
tember.
Retail Price.
The average retail price on First
Patents IN 796 cities on October 18th
was s13.77. or from 81 to So per bar
rel higher than is warranted by the
price being made by the millers. IN
ether words the retail price has not
wholly responded to the reductions
made by the millers.
The bean harvest this year is esti-
.g,,l-
ture at approximately 1000 900 BUSH
ois in excess of last year or nearly
double last year. and promises an
abundant supply The growers asso-
Citations In prominent bean producing
sta tes are holding beans from 13 u to
| 3 cents per pound as against an av-
eragc price realized by the grower last
year of cents per pound. There has
been one hundred per cent increase in
the Manchurian bean crop and 1t is
now estimated at 100000 tons. Ow-
ing to shipping shortage. practically
the only outlet is to the United States
and these beans will flow into tho
American market from December on
much below the prices now being de-
manded for American beans.
Corn Harvest.
The corn harvest this year is 60O,-
CP1000 TO 700, 100000 bushels over
last year. and will be generally avail
BILE about the end of November The
price of corn rose to $3.50 per bushel
an July and now stands at $3.50 per
rushel in Chicago. New corn is quot
ed in Chicago at $l13 per bushel for
December and indicates nearly a 40
FER cent drop in the price of corn
meal when The new corn is generah2
available
The very large corn supplies from
the new harvest. together with the
larger supplies of barley. velvet beans.
ccttonseed, peanut and soya bean meal
all promise much cheaper cattle. hog
and poultry feed, and will enable the
production of beef pork. poultry an!
dairy products at much lower Levels
OF cost to the farmer than today, and
his earnings can be maintained with
lower prices Of products. The pack
ing, cold storag. and other manufac-
turing and wholesale distributors in
these trades are IN course of regula-
ton.
Beef already shows some tendency
toward reduction in wholesale prices,
but these have not been so far re-
Elected in the prices quoted by the re-
taller. The price of beef at the pack
ers door is IA y cents per pound as
compared with 16 cents In the month
of July, while the average retail prices
per pound against 27 cents per pound
in July, thus showing that retail prices
have increased while wholesale prices
have decreased.
Potatoes Plentiful.
In tho matter Of potatoes we have
harvest of 80 per cent in excess OF
tho crop Of last year The price at
the loading points varying from $3.50
to $3.50 per hundred pounds. depend
ing on the section where grown ana
the cost of getting them to market.
The price, which is somewhat higher
than at this period last year. is due
to tendency on the part of the pro-
ducer to hold the potatoes for higher
Lrices than last year despite of the
ei eatly increased crop and to the
temporary inability of the railroads to
furnish equipment sufficient to move
from many sections the quantity avail
cble at this time. The average price
of potatoes delivered in the markets
has closely followed the price which
the producer has received plus the
cost of distribution to the market.
The larger supply OF cars and the
large harvest warrant lower prices
later in the fall.
Beet sugar prices are being con-
trolled by the manufacturers upon a
basis that should reach the retailer
llt1l y 10 Q n CtlitS pei DouHu, uc-
pending upon the locality. Sugar to
confectloners from beet factories Is
now being restricted and temporary
shortage in the northeastern states
gives NJ warranty for the advances bv
retailers to over 9 cents per pound.
This allows fair margin upon the
prices paid by them for cane sugar
they are now selling. In any event.
the rise in retail prices Of sugar during
the last three days In the eastern
states is solely due to the advance
ment of these prices of retail dealers
in the face of short supply. and does
not bear any relation to the prices ct
which these sugars have been pur-
chased The price of new Cuban Por-
To Rican and Hawaiian harvest In De-
cember will maintain the beet level as
soon as II is available. The beet level
is one and three quarters below Aug
ust prices and without the concerted
action of beet Manufacturers and re-
finers Of cane sugar, prices would now
he up TO Is cents owing to the short
supplies during the next few weeks.
Cooking Substitutes.
In order to provide equally good