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The Guthrie Daily Leader
Guthrie, Logan County, Oklahoma
What is this article about?
Julius H. Barnes, new U.S. wheat director, predicts no return of five-cent bread loaf despite upcoming wheat price drop, as it won't suffice; to manage $1B for 1919 crop at guaranteed price.
Merged-components note: Image is the portrait of the U.S. Wheat Director mentioned in the article; sequential reading order indicates relation.
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That the five-cent loaf of bread not only will not come back this year but probably never will come back is the opinion of Julius H. Barnes, newly appointed United States wheat director. He predicts a drop in the price of wheat within the next two months, since it is now above the figure guaranteed to the producer by the government, but he explains that wheat would have to drop 25 per cent in price to bring the cheaper loaf. Mr. Barnes will administer the $1,000,000,000 appropriated by congress to take care of the 1919 crop under the guaranteed price.
What sub-type of article is it?
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Where did it happen?
Domestic News Details
Primary Location
United States
Event Date
1919
Key Persons
Outcome
wheat price predicted to drop within next two months but would need 25 percent drop for cheaper loaf; administers $1,000,000,000 for 1919 crop under guaranteed price.
Event Details
Julius H. Barnes, newly appointed United States wheat director, states that the five-cent loaf of bread will not return this year or probably ever, as wheat would need to drop 25 percent in price to enable it; predicts wheat price drop soon since above government guarantee.