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Show EXPECTS TUMBLE II! PRICES OF FOOD CHAIRMAN OF THE INDUSTRIAL EOARD BELIEVES PRICES WILL RECEDE IN NEAR FUTURE. Makes Statement of Interest to the Ultimate Consumer After a Con. ference With Food Administration Administra-tion Officials at New York. Washington. Cheaper food in the near future was predicted on March 21 by Chairman Peek of the department depart-ment of commerce Industrial board, us a result f a conference with food administration officials in New York. Mr. Peek said there had been general gen-eral misunderstandings of a recent statement by Mr. Hoover that wheat might go to $3.50 a bushel, and he added that the million dollar grain appropriation ap-propriation was made by congress to enable the public to get wheat products pro-ducts at seasonable prices, as well as to make good the guarantee to the producer. With wheat prices reasonable, Mr. Peek said, reasonable prices of other products could be expected because wneat was the barometer of the food trade. After explaining the situation regarding re-garding the grain appropriation bill, Mr. Peek said.: "I believe, therefore, that there is every reason to expect lower food prices in the relatively near future. This view, I believe, the men In charge of the affairs of the food administration ad-ministration will share." |