Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-10-19

TRAITOR Hoover announced that thru co.
operation from the farmers and mer.
chants the corner now has been turned
in high prices for food. He said retail
prices had not come down to conform;
with wholesale reductions and that
was a matter for public sentiment te
correct.
Hoover's Statement.
The administration statement said:
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 commodities
should one after another continue &c
show reductions between now and the
end of the year. The food administra-
ton has no control of either the grower
or his organizations, nor of the great
majority of retailers. The foundations
have ben laid for regulation of the in
termediate trades, and where these reg
ulations have come into force and the
trades are cooperating finely, consid-
cradle results are evident in the whole
sale prices.
Flour Prices DOWN..
THE current prices at which foui
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 fol
the first patent, and 1910 for second
patent, the highest being at Buffalo
5000 for first patent and $10,7o fol-
second patent; Minneapolis being s1o.6C
for first patent and s18.46 for second
patent This shows a large reduction
under August prices.
Retailers Slow to Respond.
THE average retail price on first
patents in 1876 cities on Oct. 10 was
s1377, or $3.50 to 81 per barrel higher
than is warranted by the price being
made by the millers. In other words,
the retail price has not wholly respond
ed to the reductions 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 nearly double
last year. and promises an abundant
supply. The growers association In
prominent bean producing states are
holding beans for from 1914 to Is cents
per pound as against an average price
realized by the grower last year of s
cents per pound. There has been 100
per cent increase in the Manchurian
bean crop and it is now estimated at
100000 tons. Owing to shipping short
age, practically the only outlet Is to
the United States. and these beans Will
flow into the American market from
December on much below the prices
now being demanded for American
beans.
Corn Meal to Be Lower.
THE corn harvest this year is $780,
900 900 to 700, 900 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 $3.50 per bushel in
Chicago. New corn is quoted in Chi
cago at s1.13 per bushel for December
and indicates nearly a 400 per cent
drop in the price of corn meal when
the new corn is generally available.
THE very large corn supplies from
the new harvest, together with the
larger supplies of barley, velvet beans,
cotton seed, peanut and Soy bean meal,
all promise much cheaper cattle, hog,
and poultry feed. and will enable the
production of beef, pork, poultry and
dairy products at much lower levels or
cost to the farmers than today and his
earnings can be maintained with lower
prices of products. The packing, cold
storage and other manufacturing and
wholesale Distributors i'll tiiese iTt.3SS
are in course of regulation.
Packers Reduce Prices.
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 at the packers door
is 1415 cents per pound as compared
with 16 cents IN the month Of July,
while the average retail prices of round
steak in 796 cities is 81 cents per pound
against 81 cents per pound in July, thus
showing that retail prices have in
crea sed while wholesale prices have
decreased. .....
Big Gain in Spuds.
I'VE have q 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.
depending on the section where grown
and the cost of getting them to market.
The price, which Is somewhat higher
that at this period last year, is due to
a tendency on the part of the producer
to hold the potatoes for higher prices
than last year. despite the greatly in
creased crop. and to the temporary in
ability of the railroads to furnish equip
ment sufficient to move from many
sections the quantity available at this
time. The average price Of potatoes
delivered in the markets has closely
follow Ell la. price which, the producer
has received plus the cost Of distribu-
ton to the market.
1.-The larger supply Of cars and the
larger harvest warrant lower prices
later in the fall.
Sugar Prices Controlled.
Beet sugar prices are being con-
troiied by tho manufacturers upon q
basis that should reach the retailer
from to S1s cents per pound, depend
ing upon the locality. Sugar to con-
fectioners from beet factories is now
being restricted and temporary short
age in the northwestern states gives no
warrant for the advances by retailers
to over cents per pound. For this al
lows fair margin upon the prices paid
by them for cane sugar they are now
selling.
'The price of new Cuban, Porto Rican
and Hawaiian harvest in December will
maintain the beet level as soon as 1t Is
available. The beet level is one and
three quarters below August prices and
without the concerted action of beet
manufacturers and the refiners Of cane