Show 8 BRITISH In I TRADER AD ADVISES U US O CAlM Says Prices in His ii Own Country Are Mounting and Will win Not Recede While D Demand manc Prevails K KEEP EP your f feet et on the he ground lo nd and dont don't lose your yur head This is is the advice of F W Wo Cook Ltd of of Dudley England president of the drapers' drapers chamber cham cham- ber of trade of the United KIngdom who with nineteen other me members beI of ot I the chamber touring t the e United States St and Canada arr arrived v d in Salt Lake Lak to today ito to- day dayNo No decline In the price of ot goods in E England gland is anticipated b by by pie the British I merchants Mr Cook sta stated d In fact I prices are c all on the upgrade and nd British Brit BritIsh ish merchant ar al' al arV Pla placing ing orders for next spring at prices s higher than those that prevail at t preterit ert Cotton otton goods I have advanced per cent high grade woolens per per cent linens per cent and low grade woolens per cent SUPPLY AND DEMAND Prices will go down when the great world demand shall shan have been satisfied satisfied satis satis- fied fled Mr Cook said When production production production tion and demand become stabilized stabilized- when the slows down and the tho supply increases increase then prices will wl fall taU There will 1 be rio no sudden slump Prices will fall gradually y as the supply Increases Increases in increases In- In creases and the demand decreases If It the public will keep its head these problems will wl work themselves out But if f the people lose their heads then trouble may result From an investigation of or conditions in our country I see no no reason for tor any decrease in prices at present The market market mar mar- ket Is trending upward and higher grade goods are scarce hence bringing high prices The people will not wear wear the low grade woolens These goods contain a large percentage of ot shoddy and their wearing qualities are not great The people all over the world are demanding the very best In every every- thing They are tired of the deprivation deprivation tion of ot war and want everything they denied themselves during that period MANUFACTURERS' MANUFACTURERS POSITION The manufacturer Is under f far r greater expense than formerly Labor Laboris is higher the cost of ot raw material is higher and machinery Is higher During the past year mills in Lancashire Lancashire Lancashire Lan Lan- that four tour or five years ago were valued at front to sold for 1 to 1 Large combines of ot industrial I lines have been fo for ned and capitalIzed capitalIzed capitalized capital capital- at from 1 to J The cost Is ls so great that few new newmills newmills newmills mills are being erected or machinery replaced Investigation by cost experts experts ex ex- of the British government re recently recently recently re- re showed that machinery originally y costing E. E 80 now costs to replace All this assures that the increased price of ot manufactured goods Is permanent permanent per per- manent since the increase Is necessary necessary necessary II sary to assure the producer that he will receive some return on his Investment in investment lit lit- vestment URGES ORGANIZATION f Mr Cook advocated organization of ot the salaried men to obtain increases in salaries to meet the advanced cost of living pointing out that without organization he will continue to be pressed between tf tLe e upper and nether millstones millstones capital capital and labor There Ther is need for all classes to organize to tomake tomake I make the world safe sate he declared The more organization the themore more quickly will a point of ot stabilization I be reached Capital and labor Jabor must pull together for tor their own salvation i he asserted Information in lit dispatches that ex experIments experiments experiments ex- ex are being conducted in Leeds to derive artificial wool from cellulose made from front cotton waste was received with Int interest rest by Mr Cook He took the position however however how- how f r ever that no substitute for wool will willever j jever ever be found Some fibre valuableS valuable I in the production of ot clothes may may- maybe be discovered but wool must c come come ma from the back of the sheep he declared |