The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-18

Of Food to consider the best methods
OF transferring tho bacon and lard trade
70 pre-war channels the Ministry esti-
mated there was sufficient meat and lard
on hand to provide for consumption for
sixteen weeks. The Ministry declared
II didn't intend to make future pur-
chase and said no private shipment
would be allowed until the stock ma
terially was reduced.
with such immense stocks of pork
and pork products on hand in this coun-
try. with n falling of in exports. and
bacon retailing at so cents a pound. the
men in the business gay they do not
see any sound business sense on the
part OF the Government to continue its
system OF price fixing that upsets natural
trading and insnres to consumers n
price for commodities far In excess OF
tho price that would be determined by
the law OF supply and demand.
Just mt present the East Ia damned
with all kinds OF -four. and there is ab-
solutely no demand for II. The port Of
New York is glutted with -four II was
reported that $4,000 tons. or $50, 600. 900
pounds. Of flour was on hand here yes
terday. Resellers have been offering Il
at 81 barrel below the going prices az
fixed by the Government The -four de-
partnent of the Food Admin,strat ton
has bought nothing for the last three
months
How 60 Cut Cost OF Living
1t is asserted by mon who ought to
know II anybody does that II -four could
be sold according to the law OF supply
| and demand II would now be So instead
OF s12 barrel. and there would be a
corresponding reduction In that impor-
| nf 10 bo
! average hard put consumer IN these
days OF high price living.
However. the Government has guar
anteed price OF $2.26 u bushel to the
farmer during 1919, and the consumer
| seems TO be UP against 1t unless some
plan can be worked out whereby Uncle
Sam will Insure the farmer all that he Is
| promised and at the same time see TO
1t that tho 70 per cent. OF the nations
consuming population gets wheat and
| nour at exactly what wheat and -four
are worth In the open market, with sup
ply and demand working in the good
old way.
At the beginning OF tho war wheat
sold on the Chicago market at 1914
| cents bushel. The Governments fixed
price to-day Is 32.26 bushel
The 1918 crop amounted TO el7,lo0, 600
bushels. as compared with a crop OF
6S6.6b5, 900 bushels in 1917.
On January 15. 1919, the Visible gip-
| ply OF wheat in the United States was
| ls8.Ss6,0o0 bushels. while in Canada II
was 64,7s6.000. or a total Of 1882, 600
| bushels. On January 16. 1918. the United
States visible supply was 24,47o,0 900
| bushels- Therefore the visible supply
January IS, 1919. was 10s,s17. 900
bushels over January IS. 1918. making
the visible supply tho largest IN the
history of the country.
Huge Loss to Government.
| Tho prospects OF raising 100, 600, 900
bushels OF wheat during 1919. which was
tho basis OF the guaranteed price to the
farmer. will result, men In the business
say, in loss of $1,000. 100000 to the
Government
There are 100000 extra acres being
put to wheat this year because the farm
ers are out to sell wheat at a fixed price
| or s2.2S a bushel while the selling is
| good.
| II Is understood that Government
agencies are trying to prevent an enor-
nous Increase Of acreage Of spring wheat
by Influencing the raising OF the price
OF corn. The theory Is that II the farmer
| ,.rl.