OCR Text |
Show PRICES COMING DOWN. Just why, nobody seems to know, although there are many reasons advanced, but prices are reported on the downgrade. To the ultimate consumer ths news is cheering. To the producer there is no cause for joy. To even things up, the Imperial Window Glass company, which was ordered liquidated by the United States government, has announced a cut of 30 per cent in the wages of the employes of the company. And to make things more cheerful, Secretary Wilson of the agricultural department, prophesies that an era of low prices and hard times is about to come because the Democrats have got control of the lower" house of the national Congress. Con-gress. It is hardly safe in these piping times of prosperity pros-perity to make predictions. Hard times may come because the corn crop exceeds three billion bushels, bush-els, but why everybody should not have enough to eat, of corn at least, when corn is more plentiful than ever before in the history of the nation, h hard to understand. The unusually large corn crop is urged as a reason why farmers are marketing their livestock, fearing perhaps that the livestock will become gluttonous in a land of plenty. Then, too, if they kept their livestock and fed them of the overabundance of corn, the cereal would become scarce and, hence, higher in price. J. Ogden Armour, Chicago packer, announced his belief that prices would continue to fall for some time. -The drop would not be rapid, in his opinion, but prices are gradually working to a lower level. Pork on the hoof has dropped about two dollars a hundred in Chicago since last month, and more than three dollars since the high prices of last spring. Which doesn't cheer the producer nor the consumer, if retail prices remain approximately approximate-ly the same. |