Salt Lake Telegram | 1936-10-15 | Page 17 | Price of Bread Not to be Cut

PRICE OF BREAD NOT TO BE CUT I Return of A A A processing taxes to flour jobbers and distributors apparently apparently apparently ap ap- ap- ap will wUl not affect the price of bread in Salt Lake City it became evident Thursday Residents who Wednesday learned of a decision of General Mills Inc and other large millers to return more mOIe than in impounded processing ta taxes es to customers as a result of an agreement with the treasury department looked hopefully hopefully hopefully hope hope- fully for a decrease in the price of f bread locally These hopes were shattered however however however how how- ever when local millers and bakers said the refund would not affect bread or flour prices one way or the theother otherA other A A. A C. C treas secretary of the Paramount Baking company company com corn pany summed up the opinion of all baking company officials contacted by br byThe The Telegram It would not affect the price r Mr fr explained The when price rice of flour now is higher than when the processing taxes were in effect i Bread prices in Salt Lake City average average average aver aver- age from a cent to 1 cent a pound lower than general bread prices throughout the United States according according according ac ac- ac- ac cording to figures of the federal government He Ho explained that when processIng processing processing process- process Ing taxes went into effect the price of bread was not increased locally and that bakers absorbed the tax themselves When the processing taxes were discontinued because of a United States supreme court decision in invalidating invalidating invalidating in- in validating the act bread prices did not decrease locally Mr pointed out J. J S. S Eason of the White Fawn I Mill Jun and Elevator company a local loca local concern said the return of taxes taxes' would not affect the price of flour i The price per barrel was reduced last January 6 when the tax was removed he said Yesterdays Yester Pester Yesterdays days day's decision would In no way af- af feet Sect it now Other local milling firms and branches of national companies said they had no plans for return of taxes and were waiting word from eastern astern offices Several officials estimated that Approximately I was paid locally lo locally locally lo- lo cally in processing taxes How much of that would be returned however will wUl depend on dates the various companies beg to impound moneys instead of turning them over to the government