Show 11 Dollars Dollar's Value Increases I IT t ANNOUNCEMENT ENT that the wholesale prices price 1 iM- iM iMin F j in the United States have declined during t t te v Past ast few months to an extent that the they are n nora only onty about 25 5 per cent above the level leve that 1 p Y il d just prior to the outbreak of the World Jr will be received with satisfaction if not elaby ela- ela by the average citizen who has tired of ther ther the r presence e ce of the shadow of high cost of living flying I fact that prices are arc receding means that y valda a of the dollar is increasing This method methodIc 41 N Ic koning j however is only theoretical As a a tier Het of rf f fact ct the American dollar with its sub sub- tiLt l al basis of a great gold reserve is worth n much ch today as it was five or six years Oi even more because f Pf f r. the increase in gold reserve during the war period i really happened was that the value oi ot 1 i ducts of various kinds increased because of s J i created first by the the- war find var war and nd then b by Y Y Ui people whose incomes were were increased because I 1 t j. j growers rowers and and manufacturers were receiving for their products as the result of the war The era of hysterical buying which the country experienced eri ha has been termed the silk shirt epi- epi C That article of wearing apparel l however not be gi given en all the blame There are t r THE L many l lany riy other f. f articles h 1 i Jd b bear t the e odium I If any exists for the for the deplorable economic economIc frenzy The silk shirt merely meely offers the b best st example I probably because thereby hangs a tale At any rate rate ate seemingly everyone wanted a silk shirt shirt and because of this situation ther was created a demand deland demand de- de to the the- immediate im ml- mand land that was all out of proportion mediate supply with the result that t the e value of the he silk shirt increased The dollar itself was I worth just as much as be before re but it took more bf Of the he dollars to buy a a silk shirt Regardless of which angle is taken in respect to o declining costs and advancing value of the dollar ollar it leads to the same point in effect and that hat is that the cost of living is not as great as it has las been beep and that is all |