Show BREAD 5 TRUSTS MAKE MilliONS HEAD OF PEOPLES PEOPLE'S LEGISLATIVE SERVICE MAKES REPORT TO SENATOR LAFOLLETTE Declares That Retailers of Large Cities are In Graso GruD of Wholesale Bakers and are Holding up Prices Washington A A colossal bread trust is ill robbing American homes of a day Basil Manly head of the tho Peoples People's legislative service declared Thursday in a report to Senator Senator Sen Sen- ator LaFollette and other progressives lives gives demanding congressional action action ac ac- tion against tho the combine Bread should hould be selling at 5 cents cent for a pound loaf instead of for 9 cents Manly said basing his state state- statement statement ment bent on the present price of f wheat Manly's report was based on an investigation made at the request of progressive congressmen who desired desir desir- desired ed to know why bread prices remain cd ed virtually at the war level while wheat went back below prewar cc ces Bread made from American flour today Is Is' being sold lold in England at 4 cents a pound Manly reported lie He charged millers bakers and retailers are making enormous profits on flour and bread Manly cited the General Baking comp company ny which he declared in 1922 made per cent on each share of stock before the declaration of two stock dividends of and per percent percent percent cent in the same year Profits for 1923 were even greater he asserted As a result of these alleged profits and stock dividends dividend one dollar invested Invested invested in In- vested in General Baking company common common stock in 1 1916 16 is now Manly said paid Bread Dread prices in American cities were Declared by Manly to be arbitrary arbitrary ar and artificial and violating all economic laws lawn Bread costs costa 2 cents less a pound in New Orleans and Houston than in Chicago Omaha Omaha Oma ha Butte and St. St Paul all aU in the heart of the wheat belt he said Boston Bridgeport New Haven and other New England cities payless pay payless payless less for bread than any city in the grain belt beIt except Kansas Kansa City These rhese artificial and excessive prices prices' prices prices' prices prices' ces' ces are fixed and maintained by retailers retailers retailers re re- supported by the large wholesale whole sale bakers either voluntarily or under under under un un- der threat of boycott the report charged u |