Business & Finance: Costly Bread

While the wheat farmers in the Middle West are rejoicing over foreign crop failures and higher prices for wheat, the same news is creating an almost proportionate alarm abroad through the sharp rise in the price of flour.

In England, flour has been marked up in price four times in a single week. A sack of flour now costs $3.25 more than before the rise in wheat started. Roughly every 75¢ advance on the flour sack means a penny more for a loaf of bread. Already the four-pound loaf has jumped from 16¢ to 19¢. First and last, it is estimated that...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!