davidaulloa/AmericanStories huggingface dataset:
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

WASHINGTON, june -. ~ The Lib
crtv loan has been over subscribed hy
many hundreds Of millions Of dollars,
treasury officials estimated at ] a. m,
an hour before the books closed, that
the total subscriptions would be at least
50, soc, 100000, an oversubscription Of
% per cent.
Total subscriptions scared during the
forenoon and officials later estimated
that a total Of $4,000, 100000 might be
raised. Reports from every section told
Of an avalanche of last minute small
subscriptions. Indications based on tel
ePhone and telegraph reports from all
sections were ut that hour that every
federal reserve district i'll the country
with the possible exception of tive
would subscribe its minimum quota ant
that many Of the districts would over
subscribe the maximum.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

NEW YORK, June ID With tabu-
latng clerks many hours Behind the
subscriptions the participation Of buy
ers Of Liberty loan bonds in the New
York federal reserve district at 10
O clock today had reached an aggre-
gate Of 1852 900 600. Heavy subscrip-
tious were still pouring in and it ap-
pearcd certain that New York s share
in the Liberty loan would exceed more
than half the $4,000, 100000 total.
At noon the tabulators were at least
six hours behind in recording the sub
scriptions and it was estimated the
total participation Of the New Yorl
federal reserve district would amoun
| to at least 81 200, ,000, ,000.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
BRITISH STRUCK
ANOTHER HARD BLOW
Advanced South and East of Messinez
Occupy Long Line of Former
German Trenches.
German Trenches.

LONDON, June H.. - The British
struck another blow last night on the
front near Mcsviucs, the war Office an
uomccd They gained all their OBJ
inetivcs. advancing south and east of
Mcssincs The British now occupy the
former front trenches of the Germans
from the river LAYS to the river War
nave. As q result of last night s OPP
cratious aud the constant pressure cX.
crted the British have advanced their
lines from 500 to Loco yaids on a
front of seven miles.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
BIG SUIT DROPPED.
Baltimore Federal League Club Had
Claimed s9O0.OOo Damages.

PHILADELPHIA, June lJ.-Cou-
WINGED. according to counsel for the
plamtin. that organized baseball had
entered into no conspiracy TO wreck its
business the Baltimore Federal league
club today dropped its 100000 anti
trust damage suit against the American
and National leagues, the national com
mission and other defendants. 1T was
announced that there was no settle
ment out of court.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

CHICAGO, June l.. - The Chicago
district Liberty loan slashed past its
quota of $260,00O, 600 shortly after the
accountants resumed work this morning.
The first figures announced were $500
100000 and an official of the federal re-
serve bank predicted that the loan in
the district would be over subscribed by
$40 600 600.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
TINKERING THE TAX.
Income Exemption Allowance of 5000
for Each Dependent Child.

WASHINGTON, June lJ.--An income
tax exemption allowance of 5000 for
each dependent child Of a taxable par
cnt aud reduction Of the two cent
stamp tax ON bank checks to one cent
were decisions reached today by the
senate finance committee revising the
war tax bill.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
Treasury Officials Believe
Total May Soar to the
$4,000, 100000 Mark
NEW YORK ALONE
TOOK OVER BILLION
Chicago, Cleveland and Boston Districts
Also Made q Remarkable Showing
Kansas City and Atlanta Districts
Below Minimum.

The Liberty loan has hcen tte
mcndouslv oycrsubscribed. Whel the
books closed at noon trea ury officials
estimated the total would reach at
least s2,5oo.0Oo,oo0 an,. might soar to
S3.uoo.ooQ,ooo. Everg federal resesyc
district, with the possible exception OF
Atlanta aud Kansas City, appeared to
.havc exceeded its minimum allotment
Because Of this situation the exact
total may not ba known for many
hours
The fun magnitude of the count y S
Irespons, even may not he known for
several days. Four banner. districts,
New York, Chicago, Cleveland and Bos-
ton, appeared on the face of the re
turns at noon to have subscribed tha
lfun s2.oo0,o0o,oo0 offering alone.
New York, a. was expected. lead all
other districts. The apa~ent fai'u 6
of tn Kansas City aud Atlanta dis
ltricts to reach their min.mums on early
reports. officials believe to he due tt
the failure Of the cotton .mcrs Of
the South aad the wheat gsowers OF
the West to respond as fully as it lin,
lbeen estimated they would
IT was pointed out that in each dis
triet the farmers have not hUvcste,
their crops and therefore are not i
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

Although Uruguay decreed its neu.
trality in the war between the United
States and Germany she expressed SYM
pathy with the action of the United
States. Warships rated as belligerents
would be permitted to remain in port
only u hours and would be limited
as to the supplies which they might
take on.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
RECORD APPROPRIATION.
War budget Bill of s3,Oo00Oo,ooo Is
in Glass by Itself

WASHINGTON. June l5.-Ptesident
Wilson today fads the $1,000 goo
war budget bin which carries appro-
priatious for the new agmy and other
war Preparations is the largest
single appropriation measure ever en-
acted bv any government.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
FRENCH SHIPPING LOSSES.
-Four Vessels of over ! 900 Tons Lost in
Week Ending June II.

PARIS, June IL. - -Four French
ships Of more than 500 tons, one
md,r that size and three fishing boats
were sunk by mines or submarines dur.
tug the week ending June II. Six
ahips were uusucccssfully attacked dur
ing the same period, while 1924 vessels
of all nations entered French ports
and 1915 left.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
TIE WEATHER.
Probably Fair Tonight and Saturday
Cooler Tonight

WASHINGTON, D. G., June 1.-THE
weather forecast: Probably fair to-
night and Saturday. Cooler tonight.
Gentle to moderate northwest winds.
sun sets at 7.2s. Light all vehicle
IampS at Sl3.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

CLEVELAND, Ohio, June u. - Lib
ertv loan campaign managers for the
have received subscriptions in excess
.of $22j 100000 from the district up to
noon today. Indications now point to
100000 rs the final figures The
original minimum allotment for the
district was SlS0,000 900 and 4 later
maximum allotment was 1925. 100000,
which latter figure has been exceeded.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

to be tabulated were enough to keep the
clerks working until late in the after
noon before the final total could be de
tcrmincd Members of the committee
estimated that the subscriptions for the
district would reach at least $255, 600.
coo.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
URUGUAY SHOWS
HER FRIENDLINESS
United States Warships Visiting Her
Ports Will Be Treated as Non
Belligerents.
BeIIlgerents.

MONTENIDEO, Uruguay, June ID
The senate decided today that if Amer
lean warships visit Uruguaian ports
they will be treated as nom -belligerents.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

CONCORD, \. H., June 10. - Con-
cord s total subscription to the Liberty
loan today was approximately 81 300,
coo, exceeding the city 5 quota by $780,
coo.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

BOSTON, June -. Subscriptions
to Liberty loan received at the federal
reserve bank in Boston up to 1890 this
morning amounted to $247 5000 an
over subscription of $7,500,000 for the
district. AT that time applications yet
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

NEW YORK, June l5. The initial
transaction in Liberty loan bond trad
ing, which began on the New York
stock exchange at noon today, was
above par. \ lot of $4,000 sold at pan
aud $l0O.j0. The next lot, $250,000
sold at par.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

You naturally suspect things when !
woman says she S sorry her husband !,
too old to be drafted.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
Red Mems Hall

Friday, June l., g p. m.--Thc odop-
tion and warriors degrees will be
worked.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
TO RELEASE PRISONERS.
Participants in the Irish Rebellion to
Be Given Their liberty.

LONDON, July 15.-It was an
nounced in the house of commons this
afternoon that the government had de-
cided To release all the prisoners taken
in the ltish rebellion Of Easter Sunday
' Il wear AGO.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
GOOD FOR MONTPELIER.
Capital City Closes Loan Subscription
With Over 100000.
Especial to The Reformer.)
MONTPELIER, June 10.

Montpelier closed its subscription tC
the Liberty loan subscription this noon
with q total of $7S5, $50.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

Exemption schemes indicate that some
young blood is yellow
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
Parliamentary Secretary OF
War Makes Surprising
Report on Prisoners
IMMENSE GAINS
ON WESTERN FRONT
Territory Regained Since July l, 1916,
Amounts TO GOO Square Miles-Large
Number Of Guns Taken in Two
Fields of Operation.

LONDON, June l5.-Morc than 500
0ao prisoners have been taken by the
British during the war. James !. Mac
rhersou, parliamentary secretary to the
war office announced in the house of
commons today. On tho western front
the British armies have captured I&f
guus since July J, 1916. In Mesopo-
tamia l32 guns have been taken Since
the beginning Of the war. The territory
rcgaiucd by the British on the western
front since July /, 1916, amounts TO
Guu square miles.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15
GEN. PERsHING BUSY.
Expects TO Leave Soon for Extended
Trim at the Front.

PARIS. June 15.-Altboush G,n.
lc.shiue's Gr.. day in rai was nat
uallv Gncd to. overlooking with so
eial affairs ne managed nnvcuh lass
to utilize odd momcnts for business.
II is understood bc viii soon leave for
an extended trip TO the front.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

OF course the fellow who expects all
the comforts of home in Thinning camp
is bound 20 be disappointed.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-06-15

Continued on Page ~
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
FARM INSTITUTE TRAIN
OVER SOUTHERN SYSTEM
Three ecks' Journeys 10 .ic Made III In
tcrcst of better FnrminE-lmport-
ant Subjects Under DIScusston.

The Land and Industrial Department
OF the Southern Railway and tn" Stat
Agricultural Department OF Virginia
have completed arrangements to ran
II great farmers institute" iraia ~ r
pretty much all Of that part of the
Southern hallway system that is in
Virginia. The special train viii start
on its Journey Monday. March l.. and
VIII keep travelling until tho going
loNu Of the sun. Friday. April D. The
start will he made at Nest Point on
IN" l2th. where an institute will he
held from 10 \. " TO l.. NJ other
points on that branch OF the road VIII
will move mp on the Danville branch
to Keysvillc. institutes being held n
various intermediate points
From kcysviilo a run OF several
days will be made around on tito Keys
vile and Norfolk Danville branches,
aud the following week the train viii
come back ~ the Danville branch and
and Western branch. taking In Pitt
sNirrnia leurv and Patrick Counties.
Tie mex, week the train with its
company uf lecturers will he Oh tn"
Washington DanTilic line. taking IN
the most ~ that line. aud then go uNer
on the Valley division.
The Southern Eail"ay furnishes th"
train and takes care of the CunpHnN
OF lecturers that the state Ngricul-
turni Department viii furnish. Com
missioner koincr announces that tdt
ssnacial subjects for discussion VIII 10"
soil Improvement. rotation Of crops.
alfalfa culture fruit growing. dair%ing.
marketing farm crops ana the farmer
and the farm loan bank.
Doubtless large crowds viii attend
these Institutes 1T AL OF the Stopping
place Of the train.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04

mon; is its chorus This big show. i,
Is said has chorus Of NIFTY OF sixty
New YORK chorus gfls--thc typical
merry merry" from the Gay White
Way. Ii was only due TO tho fact tina,
y World of Plea sure" closes its sea
son earlier than usual enabling the
Winter Garden management to place
them in its forthcoming New York
sun mer show. that ihcs" girls were
induced 20 remain with the travelling
Organization, so tn" nnnaremcnt savs
"A World OF Pleasure" Surpassts IN
i's scenic inysstture All OF its pr.de.
cessors. IL Is claimed. In two .ciy
ana nine scenes ii is revelation o.
tic art OF scene building ana paint
ml." Nor has fashion neglected 10 dis
play h"I baudi"ork IN TIA. costuuipp
OF the members OF the chorus With
the ponies "broiicrs squads. -
call them what YOU may. Smaller ciriq
arc dressed more lightly. ANA with !
vicw Of not hindcring tho movements
~ tho dane, IN" stately queens 81 Tie
eiow-ciii iu!" are Ieriiahl- fashion
plates. living models, 50 10 speak. 70
inc displa% OF the last word in ultra
Il HONS, And purely as : method ~
introducing til. Pandora box are Two
SCR" ~ musical numbers o. til. a.
resistihl" toc-tapping variety
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
SHENANDOAH COUNTY FAIR
Definitely settled That Agricultural
Exposition VIII lie Held -Four
Days la October Next

WOODSTOCK. VA. March 3-l; is
now definitely settled that Sheua ndoah
County IS TO have q fair next fall.
The first exhibition Of the Shenandoah i,
AEricultural society VIII he held Oc-
iobcr =. Il. IS and - This Was de-
cided upon this week
The officers OF the society recently
elected arc: president br. i. II. Smoot:
Wee president. j -. Hutchinson: sccrc-
tary. II. l.. Campbell: treasurer. g. M.
shannon: directors. e. II Hoover j.
". Snoo,. Il II. Iirkie, w. H. Bow
rian. j - l'arpin. 4: T.. Dingledinc.
j. u Rhinehart. T.. Ice Emswillcr. II
) l-an,z. George r. Goiliday. H. ..
Nicodcmus. NJ. ~ Bowman. i y Neeh
.isa Sheet. T. N t'ravel. r. T. Rich
ards. John II. pifcr and ~ H. Rarncy
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04

Hho relieve their intricate and dif-
hc'il, display stunts with lauehabic
eio"nins. Tho team claims 10 have
originated and staged mary roller
Sstins figures that have never b.cn
successfully copied.
MARSHALL Montromery. who CLANS 10
5c the world's best vcnirii"auis'. is re-
turning for tho FIRST time since y" sp-
1crrcd here when tho Colonial Was ON
tn. big time" circuit. His ptr:olm-
3ncc includes catin- Il meal Mont
comei:'s jolly pcrsonality and musical
voice add TO the general atiruciivencss
81 his performance. Richards and Kyle
VIII be seen in their revised version
OF tho Funniest, "Fiftr-E'iitt 4 non
s"iiSiSal skir constructed f"r iaHgL;ns
purposes only.
There viii be the usual motion pic
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
FIGHT WITH GALES
FOR THREE DAYS
Continued from First Page

Continued from flrst Ias':l
and no drink. and we were sick with
iircducss and hunger. Seas all around
getting bigger every moment. ana n
nighttime the worst came.
The ship was struck by the big
ccst sea she had yet OH tho starhoard
side and she heclcd right over Didn't
seem TO me that Id get her in, after
all. I.ashngs on the deck snapped
like cotton. tho anchor broke loose.
tho dynamo shaft in the cnsinc-room
was sma shed. and all lights Went out.
And then another sea came OH tn"
port side and forced tho boat back 10
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
Says Bladder Irritation or Kheu-
matism means Kidneys aren't
straining ont uric acid.

Meat forms uric acid which eNcttcS
AMI oNerworks the kidneys in their
efforts To litter IL from the system
Regular caters OF meat must flush the
kidneys occasionally You must re-
licvc them like YOU relieve your
bowels: removing ali the acids. waste
and poison. else YOU feel q duh mis-
cry in the kidney region. sharp pains
in the back or sick headache. dizziness
:"nr stomach SoufS. tongue Is coated
and when the weather il bad YOU have
rheumatic twingeS. The urine ~ cloudy
fun Of sediment: the channels often
-ei irritated. cbligins YOU to get mp
two az three times during tho night,
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
:'ntMt DONNA AID COMEDIAN
PROMINENT On I.NNft'S MIL

'fhc newest prinn donna in vaude
Wiz. Edna Munsey. who abandoned
h"l TOM ia The only Girl this SEA
sou aud transferred her talents TO the
announced for The rrst half ~ ,his
week q; the Lyric. Tne former musical
CONGO. star pleases both the eye and
thc cat. she hos been strong card
on the big time" this winter.
An old Richmond faNoritc on the
same bin is Al Herman. The Black
Laugh" who likewise IS known as
The Assassin 81 Grief" Herman II
an established favoritc here" lie IS
bringing q now moro'o-ue with 4 lot
- new SONGS reail .lien and Ed
Howard are the urin,.rniS ng a con-
cdy skit entitled - Real Ial," which is
described rs laugh prescription"
Song numbers AZ" introduced by each
OF the comedians, and The ski, is gwen
q novel setting.
Widening tho range - variety viii
come WcaNs Mannil>irs + ,onlrany 81.
animated puppets. ririn. the ue~ 80
IDEAS in tho prescr'otioa n; punr",
show. II. entertainment IS aoslrntd
10 sppeal with equal icrc.fdlncss Il
children ana their elders. The AntoE,.
Trio. recent importation VIII "'i-r
Spectacular fea's Of agility. siraa. ~.
endurance and acrohstic skill. They
=
nave been IN America less ihan four
months. the exhibition 'hey ciyc :
marked by their utter disregard for
the safcty-flrst precept
No less attractive il tho line-Up OF
the show for tho lsue- hsif o. the
week Charles peianu ard his com
pany. in the conedy-drama tabloid.
The Fire Escape" hold a prominent
place on the bill. The piece is on the
rapid ire order
An exposition OF modern magic and
mystery is promised ny the Aki Troupe
Of Japanese. Working before black
velvet hanGines. gorgeouslv ;;ecora ed
setting fashioned oy hand in Japan.
the little men from the Flowery King
dom amuse and mystify their audience
with tricks and Illusions. many OF which
are said TO be new TO this country.
Another novelty will be the exhibit
ton OF Bceman and ANDERSON. who cut
funny didoes on rollers. They are CT
pert skaters and all-around athletes
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04

Announcement * made that H. w.
Gri'l'h's great film spectacle. ''iutol-
eraitr". viii return for a weeks en-
raEfin@nt 1T til" .Ncademy of Music. be
ginning MondaE. March 10 II is gem
era liy admitted that Intolerance is
the most magnificent spectacle ever
produced for the screen. When II was
exhibited her" q few weeks ago. many
wer" turned away from the thcatcr
unable to procure admissions
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
ucaI items" for The Sou,.

The Manufacturers Record jcil= Of
= Florida town which placed ,oaSnicu-
ously placard bearing the words
~ Rar" Gem from Maine a:d III the
center tiny Main" potato, with all
NancinE prices. potatu.$ m" becoming
Scms' Indeed. and il the South is
wise. IL will double or treble its acreage
in potatoes. sweet and white. Every
family ~ town or city having a back
lot should raise potatoes and other
vegetables FOR its own needs
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
r,,..LI Move. Right Along.

PULASKI. VA. March %.-'rhe Han
cock Hardware Company has been m
with 100000 Of capital T..
Y. Hancock. tho president Of the COM
many. has been engaged in tho hard
ware business FOR Ions time. w ".
S.aglc is the secretary and treasurer.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
- WORLD of I'LE.N>l re" KILLED
TO MHiHI. HERR. THtRSDA

From the New York Winter Garden
"A World Of Pleasure" will appear on
Thursday. matinee and night at the
Academy OF Music In special train
this company "ill stop off here en-
tour Of q circuit comprised OF only
tho larger cities - INC West and
South
ON It's visit tho production, il Is an
.nounccd. will he identically the same
al II was during its remarkably sue
ccsSful runs in New York, Chica go,
boston, Ihllade! phia and othe" large
cities Of the East Md there will be
The snpcrb east for Which White: Car
den shows have become noted.
\ special feature, ~ this entertain
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
100000 Corns
Lifted Right Off!
Try , Drops OF Magic "Gcts-It."

There's wonderful difference be
tween getting rid III :. corn now and
the way they used L. try L. get rid
OF i, only four or five years ago.
Gels II" has rcvolutionizcd corn his
tory. Its the only corn remedy to- da Y
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
Weekly Calendar
AIADr,I, or. MIisIt.

Mondn!. hight onI.-,Iohn Drew. In
"MHjor pcntIrnnis..'
rhursdn,. ,nntincc and nIght-"A
World of PIcnsurc.'.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
I.hItIt; IIII:tTl.l

LYRIC THEtTE.H.
tIi the week. with dniIy matinee. and
change Of bin IN MISUNDERSTANDING
vaudeville.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04

something like level keel. and she
got her balance again. Say. that Was
something like miracle.
we sighted the Irish coast at last
and met IA patrol boat. who offered to
pilot us into Bantry Bay. But she
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-03-04
Group in ~ World OF Pleasure" Academy. Thursday,
.in,"lcranrc" Returns March ~.

iut" EXHIBITS including tine ,atcs,
i?th"-iiearst pictorial New. releases.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-07-20
PRICE REGULATION.

The discussion over various propos-
ais to regulate prices gets into difficult
ties when it reaches the details. What
are fair prices and fair profits? A
percentage basis is usually assumed
to be the best determination, but that
ignores all differences in costs and
efficiency among producers. General
Goethals is said to have rejected that
basis of compensation for shipbuilders
because it is unscientific and extrava-
giant. Under 1t, the higher the costs
the larger the profits.
1t is a recognized principle among
economists that the price of a COM
modify at any given time tends TO be
fixed at a level where it will afford a
working profit upon that portion of
the market requirement which is pro-
ouced at the highest cost. There may
be, for instance. a wide range of
costs in producing and delivering
wheat at a certain market, resulting
from differences in distance from
market, fertility OF soil, efficiency of
the producers, etc. The price Is the
same for all wheat. and must be high
enough to induce the continued pro-
duction of the highest-cost portion of
The required supply. but as the supply
is increased from low-eost sources.
production on the margin of the sup
ply is no longer required. the price
falls, and the high-cost producer is
eliminated.
The same thing occurs in all lines
There is a range of costs. depending
on the location of the producer, the