Jasper County Democrat, Volume 12, Number 4, Rensselaer, Jasper County, 14 April 1909 — BREAD LIKELY TO COST MORE [ARTICLE]

BREAD LIKELY TO COST MORE

Patten Wheat Manipulations Affect the Bakers. FLOUR CLIMBING STEADILY Every Home Probably Will Feel'; Directly the* Effect of the Deals Engineered In the Grain Market—High Pricee Announced on the Other Side of the Atlantic as Well as by Those In the Trade In This Country. Chicago, April 13. —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 & Swan Milling company, declared that the price of wheat to millers has increased 38 per cent in six months. Soon they must make radical increases In the price bf flour to the baker, who, in turn, will either have to advance the price of bread or reduce the size of the loaf. Millers stated that if the present unprecedented wheat prices continue, the price of patent flour in a month will have advanced from $3 to $4 a barrel. The lower grades of flour have already advanced |1 to $1.50 a barrel, and patent flour $1.50 to $2. The mlllere declare (there are two direct causes for this. One is the manipulation of the market by Patten and the balls, and the other the enormous amount of exporting that has been done. They declare that so much wheat has been shipped abroad that the local market has been drained, and thin coming on top of the Patten deal has made for high prices.