OCR Interpretation


The day book. (Chicago, Ill.) 1911-1917, August 27, 1914, LAST EDITION, Image 8

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1914-08-27/ed-1/seq-8/

What is OCR?


Thumbnail for

stamps from postal substation at
4100 W. 12th st. Federal case.
Joseph May, 4337 Prairie av., fined
$200 for carrying concealed weapons.
Francisco Rbyski, 19, 1100 S. Jef
ferson st, killed by fall down stairs.
Jas. Bond and Ralph Hynes pinch
ed in raid on 10 E. Illinois st. Opium
makers?
Edward Pearson, 321 W. Chicago
av., found dead with skull fractured.
Robbed,
o o
BAKERS EXPECT A SHORTAGE IN
FLOUR IN A FEW MONTHS
In five or six months, when the
flour supply of the big Chicago bak
eries runs out, the loaves of bread
will be cut down in size. The nickel
loaf will have one, two or three slices
less in it How much shorter the loaf
will be depends on how much higher
flour goes by that time and how much
the United States sells to outside na
tions. This line-up of the bread situation
comes from the offices of the Heissler
& Junge Co. and the Schulze Co., two
of the largest bakeries in Chicago.
The speaker from the Heissler & Jun
ge Co. refused to give his name. But
in a telephone conversation with a
Day Book reporter, he said:
"All the large baking companies
have heavy supplies of flour on hand,
about enough to last them five or six
months. When this supply runs out
and they buy more flour, they will be
compelled to make the loaves of bread
smaller if the prices of flour are
higher.
"America is the great wheat pro
ducing country in the world. We have
normally over 300,000,000 bushels of
wheat a year for export. That is, we
send out of this country about a 1,
000,000 bushels of wheat a day. If a
merchant marine, either privately or
government-owned, is perfected so
that we export larger quantities of
wheat than in former years, then the
price of wheat goes up and along with
it the price of flour.
"Already the rising flour prices, of
$1.50 a barrel, have affected some of
the. smaller bakeries and they are
shortening their loaves. Teh big bak
eries will not be forced to this for
some months and only then on the
condition that our exports increase
materially."
Paul Schulze of the Schulze Co.
said: "Anybody knows large increases
of exports will mean higher flour
prices and that means a reduced
loaf."
The remarkable situation continues
of many retailers selling sugar at a
price lower than wholesalers. Sol
Westerfield at 1409 W. Madison and
the Lott Bros, at 1401 W. Van Buren
and v the Mincer Bros, markets in
Ravenswood and Edgewater keep on
selling sugar around 7 cents a pound
and below the prices fixed, by the
Franklin McVteagh & Co., Ried Mur
doch & Co., Sprague, Warner & Co.,
all of whom are wholesaling sugar at
iy2 cents a, pound.
Bankers got the accusing finger
yesterday from Oscar B. McGlasson,
secretary of McNeil & Higgins Co.
and president National Wholesale
Grocers' Ass'n. He said:
"While wholesalers are keeping
prices down to the olwest possible
level and some retailers are selling
low and refusing to gobble the profits
in their reach, the bankers have gone
the limit in getting all they can seize
out of this situation.
"I am told there is more money
than ever in the United States right
flow. Yet the bankers as a class are
charging and demanding from the
merchants the highest rate of interest
the states will permit."
McGlasson indicated that bankers
are not making use of the federal
emergency currency law and this ne
glect is part of a plan to hold top
notch interest rates.
o o
In Australia kangaroo farming is
an important industry. The hides are
valuable and the tendons are the best
known to -surgeons for sewing up
wounds.

xml | txt