Ogden Standard-Examiner | 1920-12-05 | Page 38 | Who's Profiteer in Bread Price?

'WHO'S PROFITEER II BREAD PRICE? Everybody Has an Alibi. Survey Sur-vey of Materials Costs Discloses my i n' UD M THIE11RT. . E. . Staff Correspondent ClItCAGO, Dec. 1. Who Is Oxti fproflteer between the wheat in the I field and the brd on the Family dln- ! ner table ? Make s complete survey of Ihe when! -flour bread situation. Retting everybody'! viewpoint, nml you'll finrl no profiteer because everybody has Ian alibi! "We're all ge'tlng our share." says Herbert Hoover, 'for everything t labor when you rdvice It to Its low-eat low-eat terms." Bakers, until recently, predicted no dei reasC In bread pricer in spite of Wheal and flour drons. But wheat IhaS now slid back about ion per cent and flout around SO per cent. And l,aKMs now are slowly .having off a cent or bo in the price of a pound loal Of bread. nonr, th i xpeci i u V ruUd bread wasn't point; down ." say the bakers now. "but flour has j dropped more than we foresaw. 1 i i ever. In fairness to us, there cannot, be 10-cent bread with o reasdnablel profit lo the baker until flour go. s 1 under 5$ a barrel." Bakers have put prices In individual eases. But all arc falling into line i for they arc reluctantly giving was .before public pressure sp-d are goitiu-!to goitiu-!to take a loss the same as the cloth I Inp shoe and other trades have been ! taking their medicine In the nation-' Wide reaction .Tarainst high prices und Spending, Small bakers are reducing raster than large bakers because they didn't have such heavy stocks of high , priced flour. Here Is the way Hoover recently split up the eos. of a loaf of bread: Flour J0 cents other Ingredients 10, cents Labor, overhead, etc i. 10 c uts. Profit to baker f 4 cents K .iJer's share 1 . "5 cents 13.00 cents Of the 4 1-3 cents paid for the flour In a loaf of bread. Hie farmer Is cr-Ited cr-Ited by IIuocr With ;rttlng .1 cents of this. i V.BOB I OST TRTPIiKD. The tug item Is labor 4.10 cento per loal". This has double, and trl- j pled since pre-war. Then bakers trot from $20 to $2S a week. Now skilled bakers command almost any price, in l 'ew York they get 10 $70 a W"k. In Chicago the scale is $4S to $0i. 1 Bakers in Brooklyn, getting 160 to reeenlly went on strike for B 8 per cent increase. The farmer Hso blames the Increas- ed er.-t of j, rod l d n j;- wh.cat op libo-. hare.:f hands getting aj high as I'm a day In Oklahoma, for example. President Jardlne of the K in- is State Agricultural college charges' profiteering somewhere between the rbeal grower and the brea,i consumer f-nd he Js trying to get Bernard M j Baruch to help him locate the "cat) thai licks u! the cream" bu: without: success so nr. PRICE liil'K 1 I I Dr. K P l.add. sertdlor-elect anil president of :h- North Dakota Asrl-CUlttiral Asrl-CUlttiral collei-e. says the price of ; bread N ridiculous. And Harley B. Mitchell, editor of 'th "American Millar." s;is "It the farmer jm- his wheat to the miller. ; if the millet' mad" ))n-sent of It to the baker and railroads carried it ' fr nothing, bread would still cost S rf-nls b loaf in New York." oo i WAl L 3TRPET NSW YORK. Dc, I- Trsdlnsj in stock 'urine to'lay' short sesion whm ac Ivs 'and lroal on a cbntlnoane of jester- dKV'B rally "ils. steel-, jtqulnments ami ''shipping' were especially ITumlnent at I ealns of 1 In S tr,lnts. TJi ronsplcuoas I feature Included Atffxlcan and Paa-Am ri'-an Petroleums, Houstcp DH. Qrurible Bethlehem and Lackawanna Steels, Bat'l-in Bat'l-in Locomotive. Harvester, rteneraP Klec-I Klec-I trie, Wesitinglious, AmertcftnCar, Allan-I Allan-I tic-Gulf and Msrcantlle Marin preferred. Tobaccos textiles cmi rubbers aLso I strtT.ctlionfd but rails were backward, though ihoderatel iii-tier. tVUIya Oyer- land 'refTTefl was under further' pres- sure, tmwevcr. and some of the obscur - laities Weakened, ttealizir for profit i ;,ne,l irr -rular -,.,.,(.f ), tan in llie final , !,-.-iiin(rs. The closing wa strong, Bales I approximated !"i i"0 ihares. L1EPRTY BONDS NKv TORK. Dec. 4 Liberty bon.u I clo-pfl : n'ws sft 40: flrf 4 'fi.OO: rrond 4 1ft: fir.:4Js S 10; second t'4R ;.". 3! nr.rft 4. hs ::?; rourtti R." . " . Victory i3'is !.".. 50: Victory ts '.:, ..t. AT V'NNFA POLI3. MINNBAPOIJfji .Minn Dec. I. -Flour io to 40c higher ; i" carload Pt. family patents iuotl si $s . :.,rn 9 40 a Itarrel in I os uoiind cotton Racks. Bra a $:k.00. ' LONDON RATES. I LONDON. 1 1. Bar :!v.-r d per ounce. Money nn1 1isount unchanged.