Retail Prices and Cost of Living Series Volume 18-19 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 Excerpt: ...in March, April, and May, increased rapidly from May until December. The price of 17.7 cents in December, 1919, was 27 per cent above the price of 13.9 cents in December, 1918, and 102 per cent above the average of 8.7 cents for the year 1913. Chart 20 shows the monthy trend in the retail price of rice since 1913. The relative figures from which this chart has been drawn appear in Table A. Bulletin No. 11 of the War Industries Board23 makes the following statements relative to licenses, regulations, and agreements which affected the trade in rice during the period of food control by the United States: In common with other cereals, rice and rice flour were included in the list of commodities for which export licenses were required by proclamation of the President July 9, 1917. Licenses for the import of rice were required by the President's proclamation of November 28, 1917. Except regulations limiting the amount of stocks allowed to be kept on hand or under control and prohibiting unreasonable profits, no restrictions were placed on domestic trade in rice. On the other hand, rice was one of the cereals which were recommended as substitutes for wheat, and production of rice flour was greatly increased because of the demand for it by bakers and by manufacturers of mixed flours. During 1918, agreements were entered into between the United States Food Administration on the one hand and rice millers on the other hand under which millers agreed to pay farmers certain basic prices for rough rice, and agreed not to sell cleaned rice and other rice products for more than certain specified prices. This agreement also regulated the amount of rough rice out of a farmer's total production that a miller might purchase in any month. The purpose of this agreement as stated...