OCR Text |
Show No Immediate Drop to Be Expected as Result of Peace. WSHWJGTON, Nov, 11. Immediate dropping of food prices as a result of the conclusion of an armistice can not be expected. Pood Administrator Hoover declared tonight in a statement which added that while the prices of some foodstuffs food-stuffs will decrease, others will increase, "With the war effectually over," said Mr. Hoover, "we enter a new economic era and its immediate effect on prices is difficult to anticipate. The prices of some food commodities may increase, but others will decrease, because with liberated liber-ated shipping accumulated stocks in the southern hemisphere and the far'east will be available. The demands upon the United States will change in character, but not in volume." ' All activities of the food administration administra-tion will be continued through the armistice armi-stice period, said Mr, Hoover, adding that there will be relaxation of efforts to keep down profiteering to the last moment. "The maintenance of the embargo," he continued, "will prevent depletion of our stocks by hungry Europe below our necessities neces-sities and any one who contemplates speculation in food against the needs of these people eai well be warned of the prompt action of the government." |