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Show PROGRESSING TAX AFFECTS BREAD PRICES SLIGHTLY While wheat farmers in the United Un-ited States stand to benefit greatly great-ly as a result of the wheat program pro-gram of the Agricultural Adjustment Adjust-ment Administration, the effect on bread prices paid by the individual individ-ual consumer is almost negligible, it is pointed out by Administration Administra-tion officials. Bread prices, according to statistics statis-tics compiled by the Consumers Counsel of the Administration, rose from 6.4 cents a pound In February Feb-ruary to 7.9 cents on September 26. But of this 1.5-cent increase, only a half cent was due to the processing tax of 30 cents a bushel bush-el levied on wheat. The remainder remain-der was due to increased costs of labor and other operating expenses. expens-es. Commenting on the effect of the program on the price of bread, Chester C. Davis, director of the production division, said: "While the consumer has had to pay one-half one-half cent more for a pound of bread because of the wheat processing pro-cessing tax, what does It mean to the farmer? It means millions of dollars, increased income for hard-pressed hard-pressed wheat farming families dollars to spend for shoes, Implements, Imple-ments, hats, lumber. It means a chance to set wheat growing in this country on & sound basis, so that wheat farming families may continue to be customers for city industry". |