Salt Lake Telegram | 1931-05-12 | Page 6 | Soviet Raises Food Prices 50 per Cent

SOVIET RAISES FOOD FOOn PRICES fiO 50 PER CENT I Step tep in iii Line With Governments Government's Govern Govern- r F merits ment's Effort to Deflate DeBate Currency MOSCOW V. May 12 p Jt IP Millions or of soviet so citizens learned to their dismay today that during the Ule past Jew few da days s 's the government had quietly raised alsed the prices 50 per pcr cent on food liquor and practically all basic com corn This stel step was Interpreted in many quarters as part of or the governments government's program to deflate the currency the outstanding total of or which Is at a fluge figure Commissar of or Finance Grinko stated some time ago that there would be no further issuance of or currency in 1931 indicating that authorities apparently had awakened to the appalling inflation and intended intend intend- ed Cd taking steps for stabilization Just how thIs tills object is to be ac accomplished accomplished accomplished ac- ac with millions of oC workers drawing regular salaries Is unexplaIned unexplained but the boosting of oC prices all aU along the line apparently Is one method With all nIl prices up 50 per percent percent percent cent and probably going higher outstanding outstanding outstanding out out- standing paper is expected e to be de decreased decreased de de- creased rapidly and deflation accomplished more or less painlessly The government go is reported to have large luge quantities of or food and other commodities commodities com corn which it intends to release slowly at higher prices until the balance balance balance bal bal- ance of currency Is in favor or of the treasury after which prices will be stabilized accordingly In connection with this campaign the government has recently opened a a. number of so-called so night clubs in Moscow and other large cities where here food and drink can be purchased purchased purchased pur pur- chased at comparatively stupendous prices Beer is 15 the principal drink and it costs two hm rubles nominally 1 per stein stem The establishments usually aUy ally arc open until early in the morning morn mom lug ing hours and they are cro crowded ded at atall atall all nIl hours I