Salt Lake Tribune | 1918-12-21 | Page 2 | Cheaper Flour Now Probable

CHEAPER FLOUR lljROBflBLE Cancellation of All Milling Regulations Announced by Food Control. "WASHINGTON, Dec. 20. Cancellation of all flour-milling regulations, including includ-ing fair price schedules and the price and quantity restrictions on the sale or wheat flour by millers, which officials expect will result In cheaper flour, was .formally announced late today by the food administration. I Notification of the action was telegraphed tele-graphed last night to all zone agents of i the food administration's grain corporation, corpora-tion, and today there was a sharp rise in the price of wheat, bran and oiher mill feeds on tho Minneapolis market, which ufi'iclals expect to be followed by a drop in flour prices. Existing regulations restricting 'margins 'mar-gins of profit on flour and mill feeds remain re-main in effect, as do general regulations of tho food administration prohibiting profiteering, hoarding and unfair practices, prac-tices, and officials aaid these would be strictly enforced. The prediction of cheaper flour to the consumer, it was stated at the food ad-I ad-I ministration, is based on tho Immediate : rise today in the price of mill feeds, i amounting to several dollars il ton. Close observation of. I he market trend in flour and mill ffeds. made by tho food admin-instration's admin-instration's milling division and grain experts, ex-perts, it was said, showed that with every ev-ery upward movement of feeds came a fall in tho nrice of flour on a basis of an average drop of three and four-hun-dredths of a cent a barrel on flour to every $1 a ton increase on mill feed.