I just googled it, and Presto flour is still around, "a favorite since 1902." As Giulia Melucci and MrsKeller said, it's a self-rising flour, and "very popular in New York." Check out prestoflour.com if you'd like to buy some, or follow the advice to add baking powder and salt.
Presto is a low gluten flour so you will have the best results if your substitution is CAKE flour but using all purpose flour may give satisfactory results.
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A close substitute is 1 cup cake flour + 1.5 teaspoons baking powder + .5 teaspoon salt per 1 cup of Presto flour in your recipe.