OCR Text |
Show OOST OF LIVING DECLINE. We notice that sonic of the Eastern papers aru reckoning very confidently upon a reduction in the cost of living, to come soon. This expectation H based mainly upon tho figures of tho immenso crops of tho current year. It is assumed, and the market gives some justification for this assumption, that the cost of living will drop as tho immenso im-menso crops come into the market. , Thus, the Brooklyn Times has made up an illuminating statemeut of the crop products and of the reductions in prices of the main products, so fnr as tho Eastern markets show up to the present pres-ent time. Tho following is the stato-mout stato-mout referred to: 1. Corn, which for the llrst time In the history or the country exceeds 3,000,-000.000 3,000,-000.000 bushels, or HO per cent moro thun last year. And although this crop will not ho marketed for some weeks, thoro has already been a decrease of fleven cents per bushel over last yenr'a price. 2. Hay A yield of 72.000,000. or li,-000,000 li,-000,000 more than a year ago, with a corresponding reduction of 2.74 per ton. n. Wheat About 100.000,000 bushels more than last year with an initial drop of 80 cents per barrel of flour a savins to the consumer of S108. 000.000 on nn average consumption of 1 1-5 barrels. 4. Oats 1,117,000,000 bushels, an increase in-crease over last year's crops of more than 50 per cent, with an initial decrease in price over last year of 0 cents per bushel. 5. Potatoes 3"0r,000. 000 bUshel3, .17 per cent Increase over last year's production, pro-duction, with - a corresponding drop In price on October 1 of 37.2 cents a saving sav-ing to tho consumer, at this rate, of $94,- r.oo.ooo. 0. Cotton The largest crop on record, rec-ord, Willi an Initial drop in price of 2.1 cents from the schedule of 1 y 10- Thero can, therefore, be a fair expectation ex-pectation of at loast sonic reduction in the cost of living, this to apply all over tho United States: and tho people peo-ple in Utah will be ready with welcomes wel-comes for that reduction when it comes. |