Arizona republican., 1919-08-06
FIRST OFFICIAL
 ACTION IS TAKEN

fConunued from Page One) gress as soon as he has time to write it"
 Director Barnes in making public his statement regarding the world wheat situation said that the wheat crop in the United States is not short, and that 1000 000,000 bushels was assured. There was no warrant, he said, how ever, for statements that the price has been inflated He announced definitely that as far as he could see there was no hope for a reduction in the near future and that he would not sell wheat at a price below the qua Nh tee.
 Figures were given by Mr. Barnes on world price as follows:
 Average farm price to American farmer under guarantee, $2.05 a bushel
 Average farm price in the United Kingdom during the last calendar year S2.2S.
 Above Average Price
 Average farm price for four big pro- ducing countries, United States, Can ada, Argentina and Australia, produc- ing 1,500, GOO, coo bushels, SEA.
 Average grower price (largely guar anteed) of Europe's 15 consuming countries. producing 800,000,000 bush els S3.75.
 Average of all wheat growers, weighted according to the size of their contribution to the total crop of the world, works out an average world grower price of. $2.46. Argentina wheat, with longer voy- age and higher freight rates, the ! Barnes statement sai-- costs delivered | in Europe fully 50 ctltS more than l American wheat delivered in Europe.
 Wheat Prices Not Responsible 1 There is no support for the theory l of intimate relation and influence be- | tween wheat price and other foods" | the statement said. Figures were pre- | scented to bear out Mir. Barnes conten- l tion
 Britain France and Italy" the statement continued all have off l cially reduced flour and bread prices buying their raw material at the worlds price and absorbing the loss by national taxes. Any sale of wheat or flour by us at reduced prices to them would only save their national treas uries while depicting ours. without any possible reflection in the bread price to their people which is already fixed. "
 Bread Cheapest Item
 Mr. Barnes also gave figures to show the relation of the price of wheat to the price of bread and contended that bread now was the cheapest item in the diet If all other goods were at tho same rate as bread the annual cost of food for each person would be about $50, or total national food bill of s5OO0 100000 instead of $1S,000, OOO0OO
 Grmour Company Not Profiteering
 F. E. White, vice president of Ar mour and company. today before . senate committee Investigating the high cost of living in the District ot Columbia, denied that his company waE profiteering or using unfair method! in the distribution and sale of meat He declared the company had made nc profit on it's beef business this year.
 MT. White denied also that his com pany participated in exorbitant profits in eggs. declaring that the company: average profit was not more than or cents a dozen
 Sold Meat at Loss The witness told the committee tha : yesterday his firm sold meat at a los of from 1 to F cents pound in east s ern cities.
 MT White charged the federal trad commission with withholding from tn public that it's investigation had show the packers profits to be only o.6 pc 5 cent and added that there would not b the present agitation against the pack
 CTS had those figures been announced. ' He told the committee that the con
 sumer was to blame in part at presen high cost of living He said the re taller advances his price with eac E advancing market and held the price E up just as long as his customers per Tnitfed him tO do SO MT White told the committee tha letters received by Armour and com E pany indicated that the producers wer opposed to federal regulation of tn \ packing industry.