The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-10-19
HOOVER SAYS
RETAILERS ARE
ONES TOBLAME
For Present High Prices of
Food Supplies
ASKS PUBLIC PRESSURE
Mr.. Hoover Says That When Whole
sale Price has Been Reduced,
Consumers Have Paid Same.
ASKS PUBLIC PRESSURE

Washington, Oct. 19.--Food Admin
traitor Hoover announced yesterday
that, subject to cooperation from the
farmers and retailers, the corner has
now been turned in high prices for
food. He said retail prices had not
come down to conform to wholesale
reductions, and that was a matter
of public sentiment to correct. The
administrators statement follows: -
The food administration 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.
continue to show reductions between
now and the end of the year. The
food administration has no control of
either the grower or his organiza-
tions, nor of the great majority of re-
tailors. The foundations have been
laid for regulation of the intermedi-
ate trades, and where these regula-
tions have come into force and the
trades are cooperating finely, consid-
erable results are evident in the
wholesale prices.
THE current prices at which -four
is being sold at the mill door in jute
bags vary somewhat with the locality
and freight charges ON wheat. Toledo
showing the lowest prices at $40 for
first patent and 1910 for second pat
ent, the highest being Buffalo at
5000 for first patent and 5000 for
second patents; Minneapolis being
$1,000 for first patent and $10,46 for
second patents. This shows q large
reduction under August prices
THE regulations. on the distribul
ton of what and the manufacture of
-four were put into force the middle
OF September
The average retail price on first
patents in 796 cities on October 13
was $1377 or from S1.50 to 50 per
barrel higher than is warranted by
the price being made by the millers
In other words, the retail price has
not wholly responded to the reduc.
tions made by the millers.
The bean harvest this year is esti-
mated by the department of agricul-
ture at approximately 100000
bushels in excess of last year or near
ly double last year and promises an
abundant supply. The growers as
sociations in prominent beanproduc-
ing states are holding beans for from
13 1-2 to 15 cents per pound as against
an average price realized by the
grower last year of eight cents per
pound. There has been 100 per cent
increase in the Manchurian bean crop
and 1t is now estimated at 100000
tons. Owing to shipping shortage,
practically the only outlet is to the
United States and these beans will
flow into the American market from
December much below the prices
now being demanded for American
beans
"The corn harvest this year is
600,000,000 to 700,000,000 bushels
over last year. and will be generally
available about the end of November.
The price of corn rose to $3.50 per
bushel in July and now stands at
$1.90 per bushel in Chicago. New
corn is quoted in Chicago at S1.13|
per bushel for December and in
dicates nearly 40 per cent decrease
in the price of corn meal when the
new corn is generally available.