OCR Text |
Show WHAT OFJONIORROtf Today American products, cxorbl. taut In price, aro In great demand in Europe Thin is bo because Europe, dovasted by war, cannot mako theso articles themselves fast enough to supply tho Immediate demand. But In tlmo Europe will bo making sufficient for homo consumption and will havo an additional output for export. ex-port. In America wages aro abnormally high, as aro also tho raw materials. Tito cost of manufacturo Is th'ercforo "In tho sky." In Europo labor la cheaper and articles ar-ticles can bo marketed at a cost bo. low that for which wo can produce them. In time, hen Europo has rccovor. ed, America will bo required to com-peto com-peto with' these countries for world trade America with Its high cost of manufacture against Europo with its low cost. That Is the condition which tho present pre-sent insane prlco Inflation will bring about Tho misfortune of others has made tin fortunato today has enriched us beyond tho dreams of avarice. But tomorrow it may bo tho rovorso. It is worth our serious consideration when wo hear peoplo talk of prices going still higher. Even Sh'jlock meets his Waterloo oooner or later. |