Proofs are available in the literature that Bell inequalities hold both for localdeterministic hidden-variable theories and for «local»stochastic hidden-variable theories. It is here demonstrated that stochastic hidden-variable theories which obey Bell inequalities do not admit the usual conservation laws involving more than one particle. Therefore, physically interesting stochastic theories (in which overall conservation principles hold)must violate Bell inequalities. The alleged «nonlocal» character of quantum mechanics is due entirely to the validity of such conservation principles involving spatially separated measurement outcomes. It is argued that the term «nonlocality» is not appropriate in this context.