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Show AFTER THE WAR. The National City bank of New York foresees a change of all conditions after the war is over, anil reaches tho conclusion conclu-sion that tho trenil of prices will be lower, and that is probably the opinion of all the financiers, bankers and political politi-cal economists in tho United States. Whether the drop will bo swift or slow depends npon our freedom from disor-aniino; disor-aniino; controversies and our ability to satisfy the growing wants of tho people peo-ple by keeping labor well employed, Tavorable nl'ter-the-war conditions are summed up by tho National City bnuk as follows: We may expect that after the war there will bo a wailing demand for many kin. Is of goods and equipment so urgent that for a time price will bo a secondary consideration. The whole world is doing without things that t would gladly buy, wearing out equipment equip-ment and falling behind its wants. It is tailing behind in house building, for example, in road-making, in railway extensions ex-tensions and in the development and improvement of public. -utilities. Automobile Auto-mobile construction has nearly ceased, and tho cars iu use will bo nearly worn out. Clothing will be worn out fhe world over, and stocks of cotton will be low, therefore there will bo a good market for cotton and our cotton states should be prosperous. Not only is there the rebuilding and rehabilitation of the war-devastated districts to be clone, but the development of the backward countries coun-tries looms tip with more definite and immediate promise than ever before. The world is not going to seem so large, or its divisions so separate and distinct from each other as iu the past, l'orcign countries will not appear so remote and difficult of access to Americans. Undeveloped Unde-veloped resources which will contribute to the comfort and welfare of mankind will not be neglected anywhere if stable government and protection to investments in-vestments can be had. The stir of the war will be in the blood of all nations anil the imnulse to do things will he manifest. These are the conditions favorable fa-vorable to a pciiod of enterprise and activity, ac-tivity, and which will tend to sustain prices or moderate their decline. On the other hand, millions uf men who have been sent to the battlefront will return to poncel'.il pursuits, and millions of women who have entered tho industrial field will not leave it, and there is some dat'or of a credit collapse when credits have nothing behind be-hind them but private enterprises and promises, according to the view of Mr. Vanderlip, if a boom period should follow fol-low the war. Fortunately the bankers of tlie country have drawn a tight rein upon those who would u-e credit out'ide of essential purposes, and the danger of immediate collapse has been minimised. mini-mised. It would be impo--i!de to tell what the future has in store for us, but if we are emser at i vo and all cla-s, move together toward a common g"al. we shall quickly recover from the war and set the pace for U other nations. |