Show WHY BUTTER ADVANCED President of Elgin Board of Trade I Gives the Reason and Also Why It Came Down Washington April 6 Denial of ot the charge that the Elgin board of trade regulated the butter market ot the country was made by bJ John Newman i president of or the board of trade in tes tel testifying I before the Senate cost coat of living committee today toda Mr Newman said the board fixed a aprice aprice aprice price every Monday for tl product of ot otUs its Us members sold during the week but I that the New York and Chicago mar markets markets markets had much to do with the prices of ot butter butt r made elsewhere than in the Elgin district I Merchants and laborers were eating a higher grade of ot butter Mr Newman I said which taken with the t e increased prices of corn hay and oats accounted for the advance in the price of good butter butler Explaining the remarkable drop in the Elgin product from Mon Monday Monday Monday day to Monday last lust January Mr New Nen Newman Ne Neman man said It was made to make the El Elgin Elgin Elgin gin conform with tho the New York prices hi h had been beon gradually decreasing 1 during the week He said a great quantity of butter was hold held up by snow storms on the way to market i i during that hat t week we k and when i hen it finally i reached its Us destination the market was 1 overstocked j |