Salt Lake Telegram | 1934-08-11 | Page 8 | Wallace Predicts Food Price Boost

WALLACE ALUCE PREDICTS FOOD PRICE NICE BOOST Farm Chief Says No Fear of Shortage hortage in 1935 WASHINGTON Aug 11 P Food P Food I prices will be materially higher next year says Secretary Wallace but no shortage is expected Th The drouth which has driven prospective prospective pros pros- food and feed supplies down downto to the low st point in 30 years yeal's is re re- re- re In 1935 consumers will not enjoy the customary supply of sirloin steaks a and aid d pork chops Wallace d de declared de- de dared but there will be plenty of food to keep everyone e In the best of health Yesterdays Yesterday's crop rort estimated that production n of 32 principal crops will be 22 per pcr cent below the average of the last Jast 13 years Wallace said prices will vill necessarily be materially higher but the essential problem is is still the city problem o of effective channels of or distribution He added that he would prevent by every means possible speculation and profiteering in foodstuffs