Show Foreign Exchange THE T HE Wall Val street panics panie in foreign exchange are disturbing dis dis- dis V because of the sympathetic s echang d decline in In securities securities se se- yet vet if there shall be a a sympathetic fall fal s.-I s. in inS 1 S V prices of necessities results may mr prove proc a blessing blesing in in dis ls- ls guise ise nise As the New York Herald puts it i When the thc average American reads that tha an English merchant merchant merchant mer mer- chant tr trying ing to bu buy of ot goods in Broa Broadway wa and to pay for them with wih about aboul OOOO pounds the pounds the normal AmerIcan American Amer Arner- ican value alue of his pounds finds finds that his pounds will wi not V bo ho accepted by the American seller seHer at at much more mere than 65 it does not make much of an impression on him When he hc reads reds that a a. a French merchant trying to buy of American goods finds that that his francs I which once were worth orth will wi not riot bo be taken by time the American seller saler at much moro noro than It doesn't doesn 1 make male much of or an Impression J on him When he lie reah reads that a aGerman aGerman aS S German merchant trying to lo buy of goods in the tIme American merican market fn finds s that tho the marks which once ero were worth about will 1 not be bo taken by the Amerian Amer Anmer- ican ian seller at overt even that doesn't mako make much of ot an impression on ott tho time average American citizen But if 1 tho the average American went to bu buy a a 10 hat in S Broadway with a United States Slates ten dollar bill and 0 found the shop would accept the bill hil at no more than 2 or about 3 or even cven 7 it it wouldn't take that average American AmerIcan Ameri Amen can citizen five fc seconds to realize that something was wrong and and vcr very much wrong wrong wrong-wrong wrong with him wrong with wih business wrong with the tho countr country It I is difficult for the thc average cage citizen to comprehend the lime technicalities of ot foreign exchange but one would think the he foreign customer the S who sees bu buying ing power of his money mOJe cut third one one thid would diminish his purchases in itt the American market maket He Hc may continue to buy the theS S goods gods he be is in urgent need of hut but it would seem sem improvident improvident im im- un- un provident for him to buy a 1 pennys penny's worth that he can do without And as for the foreigner whose whoso money is I 5 5 cut two-thirds two of its is value Yalu like the franc he cant can't afford afford aIford af- af I i ford to buy much of anything here no matter mater ho how much machi he may need it i. i If these countries c curtail their purchases purchase in our ourt t market it is reasonable to presume that our own people who are confronted with the problem of providing food foo f for r th their ir households with limited I s incomes ma may begin to to see a of hope in the se glimmer glumer m crash of foreign ex ex- change If severe breaks in foreign exchange shall result in fri VS food supplies being bing kept at home for a season and if f wheat and corn cor butter buter and eggs and provisions shall z drop dop along alon with wih the English eg pound loUnd the French franc tho the Italian l lire e and the German Geran mark the old ole law of 4 e supply s and demand may prove a n godsend to the T ing jug public Then when normal noral prices price obtain again t perhaps perl per- per l haps Imp some plan may ma- mahe be he evolved for recapturing the theS the'S v S foreign trade without their ther being compelled to pay pay spot i. i cash h which n seems to be hc the bottom of f th the present dif- dif 5 S |