| Show PRICE OF BREAD RAISED BY THE TEE CHICAGO BAKERS SIX CENTS ENIS THE PRICE rhe Phe Patten Wheat Corner Squeezes New York Millionaires Millionaires Millionaires Million Million- aires Slightly and the Poor of the County a Great DeaL NEW flEW LAW IS DEMANDED THAT WILL STOP CORNERS I Chicago Ministers From Their Pulpits Inveigh Against What They Term Gambling in the the- Necessities of Life t S i BROKERS ARE NOT AFRAID J Chicago April 18 Six lents cents a loaf it is proposed to exact on all bread sold in Chicago Chiago Chicago Chi Chi- cago ago after May 1 as a result of he the sensational advances in the r price rice of wheat following the leals deals of Jams James Jam s A. A Patten and i other ther big bull speculators on he the board of trade The proposed advance to six cents a loaf was announced today today tolay to to- day lay by Mathias president of the Chicago Master Master Mas Mas- ter Bakers Bakers' J association who declared that fifty bakers in the city ha had be been D forced to close clos in 4 t h t lJ a. a f the hg hIgh price 01 ot flour and the refusal of the mills to extend i credit With members of the state legislature planning planning- a law Jaw to strike at tIme the heart or gambling in tn food tood stuffs Bluffs deals leals of the tho Fatten variety denounced to be against t morals and antI religion by tho the Rev ten Dr Melbourne P. P Boynton pastor of ot tho the Lexington avenue Baptist church Board of ot Trade members defended their e and President John A. A Ban- Ban neU ichi said tho tine position of ot tho ho board wa was wan wano 10 o strong as a and autI indis- indis factor in the tho country's bush busl- busIness ness mess that the tho organization had nothIng to 0 fear tear from legislative attacks at and that tho organization 1 the fullest investigation h by a a. legislative committee Along with these various develop- develop 1 m rients camo came the news that J. J Ogden Jt Armour who went heavily short of ot May A heat to Patten Fatten last fall toU has more than thon J his losses by bullish operations In Liverpool Accompanied S Sy by iy y Mrs rs Armor ho left lett today for tor New Nework ork York whence they will sail sall Tuesday S J Cor or mr Europe Preacher Calls Call It Gambling S Trading on margins or In futures Is 15 I said tho the Rev r I out ut and out gambling Dr Boynton in an Interview Tho The r. r handling of tho the real grain Itself whore where where are aro made malle of tho the actual pro- pro duct Is legitimate of ot course but the Uta of trading on paper In bus lous stocks as is done on tho the board or f t trade is rotten to the core I 1 can canne see ee ne no real distinction between such 1 and the which the regular brokers BO so loudly i condemn D nd If It thero there Is 18 tainted money anywhere S SS It S is mone money wrung from tho the people by ambling gambling in foodstuffs I 1 sincerely hope eDo opo tho the state legislature will find thid lt lt- lt It ablo able to prohibit such operations The price war 01 among the tho big milling concerns is becoming more acute The Chicago manager of 0 one of oC the largest yams of or the Crosby Washburn-Crosby com com- pany any zay made mode light of or tho the announcement or t r the latter Jatter concern that fancy patents patents' ball ad been advanced to a n barreL r Regardless of oC this company's company quota quota- on of flour lour at 7 H 7 last week he be said thoro thero were no sales mado made for tor or moro moro- i than man lan and ond our remained at so The higher quotations are a n. arick t trick rick to make mako tho customer think that he e S Is getting a a. great bargain at actual prices rices f linkers Pace acc Bankruptcy s j f President of or the Master Bakers alters association said Tho The smaller bakeries ies throughout the city are facing bankruptcy and ond this condition has re- re j suited in a a. general decision to advance the le me price to 6 cents a 0 loaf May 1 out ut it nn any general a agreement having 4 been eon en ma made e Our association does not c meet cot to discuss the situation until next Fifty Fitly of tho the smaller bak- bak r ries ies have been forced out of or business In 1 L the tho last few tew weeks by b the combined d fluence of or high flour and the extra sanitary precautions required by tho the id t of health To make moke matters worse tho the flour eople ople knowing tho the bakers are making J. J no o on their bread are demanding d i cosh ish on delivery This has worked spa spa- lal ai hardship on bakers of or small ca- ca who in the tho past have bavo bought on i edit credit i |
