Show economic highlights devaluation of the pound has been followed by a period of watchful and in some casks cases anxious waiting to see just what tho the result will be directly after devaluation in the words of the lie wall street journal price changes tor for everything from pipes to black popper pepper announced or gossiped the basic commodity markets trembled retailers ret allera bogan began taking a now look at british products been scorning us as overpriced and even the nian man in fit tile the street showed allowed a spark of interest whether this country will now bo ro flooded with Britis li roods goods of low price and high quality remains to be seen in ili some instances such as motor cars and chinaware the price cuts may be a very substantial 26 25 per cent cant or more other goods such as scotch whiskey are so influenced by taxes and tariffs that it I 1 Is doubtful it if pric prices es to tile the con can co n butner will materially change haw commodity prices wool fats and oil and io so on will provably probably pro baKly ably decline only moderately the unknown factor lies in ili what the attitude of the british people and particularly british labor wll wil bo be toward devaluation and its consequences british labor and this la Is also true in varying degrees of labor in III all the western european nations luis ins been growing increasingly restive under conditions of strict low pay indications are that widespread demands tor for wage increases will soon be a made yet its aa water lippmann lias has written tile the crucial issue Is how to reap the benefits of lie do valuation without suffering all the pains tile the benefit 1 of devaluation is to become solvent but bit devaluation in itself will not hal bal anco ance accounts willesa miless the lie palli painful ful fact to Is accepted or imposed th that at real wages must tal ta 11 ll it this view Is correct a and ild it Is difficult to lo argue aga against ight it a critical impasse is a in the making it british export prices go dewill down silo she must sell bell more goods to got get as many dollars as site she is earning now she must greatly increase production it if she Is to increase liar her dollar credits but it if tile the cost coat of production goes up because of higher wages or any other factor site she will be in fit the sanio aillo position as silo she wits was before devaluation slie she wont be able to sell enough as prices will agall again be too high walter lippmann Lipp mans pessimistic conclusion to his article la is worth r repeating ep ile he wrote the devaluation III hi itself Is only a relief ellef like lancing a boll without curing the infection the devaluation de valtia has registered but it cannot liquidate the continuing crisli which Is tile aftermath of the wars the revolutions and tile the its ds orders of this lark dark find and barbar ous oua century |