Show f- f t PREDICTS z 1 r END OF SLUMP F r i IN APRIL n I Wholesale Prices Have Fallen Fall- Fall r r r jeri en J 35 Pet Pct but Living g C Cost st 1 T Drops Drops' Only 10 10 r Y 1 B By JOHN W. W HILL M Financial Editor Iron Trade Review i f i t T Termination of or the p present resent trade slump the Harvard Unit Uni- Uni I April is predicted by rs t. t Economic Research bureau andI and I t Beading business forecasters Slowly lY lYs k deJ deti de- de 1 t s n credit conditions rapid price ti J E And n t absorption of or surplus stocks 3 r o go goods In In many lines bear out this r r edict l ton on All AU danger of ot a 0 panic has f ed c y- y EY EYO 0 REVIVAL iNO goes authorities agree that r real al reL re- re until inflation is l j-l L 1 s j unlikely war nar il s out of ot prices This has already in a number of or commodities 11 uy y should recover first Many others 1 b verr are still too high to attract r. r bir birS wp S' S V VI G G COS COSTS S 1 wholesale prices have fallen d 35 25 per cent from the peak peal the thear ar f o oJ f pr ot of living is down less than 10 per Mft This is due to high rents high coal coalt Jj r t and the reluctance e to take losses I 1 p ss on wholesale reductions to the theReal 8 t i. i lid Real neal price rice cuts have been greet greet- reet- reet r T bY amazing purchasing power power and andaL andje J lAt r. r rR ml je pent up demand Cf STEADIER i f- f frT tr rT continues in generally an un- un 5 1 m ain mood A firmer undertone ap- ap Ii pear 6 In a few lines Jines last week however buying has h helped retail t cloth sales are reported the largest r. r n weeks Weel Hide buying recently took the spurt in months Woolens and silks moving better r. r S ST L LOUIS IS PLAN 1 r S among merchants to place placers iO r orders rs more liberally for spring is spread- spread ang Ing St Louis stores have announced k heir Intention of or going into the market lAn arly Easter FAster cheaper raw materials l Y credit conditions and the desire to I 10 further unemployment are their f for tor buying Ft 1 ADVERSE FACTORS t Smaller bank clearings and rising busl- busl i less ess ess failures remind that readjustment Is 5 7 kc y Bradstreets Bradstreet's reports that No- No YO f ember insolvencies were LOSS with liat lia- lia t i i of or This total of or losses 11 s sa a new high record for November y T INDUSTRIAL CONDITIONS f hi v lf c l The Credit Clearing House says there r rJ rt J is S s less buying at present and greater in- in Li 71 than in 1919 or 1918 1913 It bases i ts r reports ports on information from many I business houses A survey by the Nar Na- Na r Jr lonal Industrial Conference board in for for- iJ five tive states shows s spreading industrial P pre ion but no serious serious unemployment ment mentI d' d et I f. f v HEAT RECOVERS RS ii d' d I te j export export sales unfavorable Torr forr for for- I- I r t r r fen reports anti and hope of financial 1 id from have ha congress caused wheat to toh Ign h c 28 cents a bushel from its reent rec reent re- re ent low tow point October exports of wheat pf wI bushels were the largest In history ry rr rC COTTON COTTON LOW Cotton at around 16 cents a pound is 1 i Relieved at rock bottom It has dropped 3 from rom above 40 since summer Poor de demand de- de 3 m 5 mend mand nd for cotton goods has caused three- three Fy fourths of ot the English cotton totton industry to tol r 1 l c cut t from a 48 43 to a hour 24 weekly work- work ng basis 7 Southern planters meeting this week are are re discussing curtailment of acreage f t ormer attempts to cut planting have At 1 always 1 ways failed aUed |