Jasper County Democrat, Volume 12, Number 4, Rensselaer, Jasper County, 14 April 1909 — RESULT OF PATTEN DEAL [ARTICLE]

RESULT OF PATTEN DEAL

Price of Bread Will Be Increased Everywhere. Chicago, April 12.—The announcement by bakers of an advance of 1 cent a loaf in the price of bread Is expected this week, as the direct result of the manipulation of the wheat market by James A. Patten. Within two weeks it Is expected the advances will have extended all over the United States. In addition, reports from London * are that the price is expected to advance in England also. The immediate effect of the Patten deal was a big advance in the price of flour. Truman W. Brophy, Jr., secretary of the Eckhart and Swan Milling Company, declared, to-day, that the price of wheat to millers has increased 38 per cent, in six months. Soon they must make radical increases in the price of flour to the baker, who, in turn, will either have to advance the price of bread or reduce the size of the loaf. James A. Patten is quoted as saying: “The days of cheap wheat are over,” and bakers to-day believe* that the days of the 6-cent loaf of bread are over, too.