Show SOME EFFECTS OF THE PRICE FIXING ON WHEAT wheat and flour have jumped from the surplus to the shortage side of the supply and demand economic balance the last few beks weeks as the result of government activity to fix the price of wheat and the 30 cents a bushel Inis liel processing tax that will take effect the lie latter part ot of this week flour has steadily soared until it h Is now nearly double the price of 0 a short time ago and next week we are promised that it will automatically jump 75 cents a hundred pounds as a result of the tax provision going into effect principal hour flour mills in the state have bee been n running at full capacity the last few weeks and still have not been able to supply the demand of those who are stocking up tip in fit an of the taxed lour flour this influence is 14 undoubtedly the direct cause of the rapid price increase of wheat and flour and just what the price lend fiend will be after the tax goes into effect la Is still a matter of speculation it is certain that a great many people who were able to do so have bought a liberal supply of the tax tree free lour flour and they will not be buyers of the product tor for some time to come on the other hand those who are not able financially to store flour for future use are the that will have to buy under the increased prices and it Is just a question how much these people will in it fact act be able to buy of course the tax la Is to be used by tho the government to rent wheat land and leave it idle to cut down surplus production and in the end this should result in a substantial palli fiers er heat farmers but the im is going to the speculator on old wheat and the bill must now dow and always be paid by the consumer and especially the poor consumer who finds it necessary to make hla his own bread as it is understood that a strenuous effort will be made to keep the retail price of bakery products from advancing the theory upon which wheat is singled out for price fixing is that the price of wheat more or less determines ter mines the price of all agricultural commodities for fair many years it has been regarded as rather a price index whether it will have the same marked effect under artificial stimulation is another question that remains to be answered |