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Show PRICE DECLINE" SLOWLY SPREADS! 1 I Efforts to Oppose Trend Are I Sure to Fail, Says Observer By .TOHX W. UUJj, Financial Editor, iron Trade Review Th- tide df wholesome reaction from' the artificial prices and over-stlmu- luted activity la spreading. its pro-j gress Is ulth'd by enormous crops. ln-i creasing production, expanding Im-i ports and diminished demand for goods due to tlghl money, and expectation expec-tation of lower prices. As deflation proceeds, commodity prices will come within arm's reach, credit will be released, re-leased, money will be cheaper and ac-tlvitj ac-tlvitj Will i vive Efforts to oppose the prevailing trend will fail. FORESIGHT o RESERVE BOARD Thanks to the foresight of the federal reserve system, which began to put the brakes on speculation In the United Mates a year ago, there is nothintr alarming In the situation here. In Japan the riot of speculation in Bilk bruiiichi a collapse Inst spring. Now reports come of a similar financial disturbance dis-turbance In Cuba, the outgrowth of I sugar's spectacular rise and conse- j quent decline K UIJIOAD TH LFFTC Middle Western railroads tCStif' to tin slackening In industry. They re-j po ri a laninK oil in iraiiic oi iimu 10 to 20 per cent. As a result up-warda up-warda of 25.000 maintenance and ways and shop employes have been laid off temporal 11 i i vrii. i. STl i nu I'rice eedii'tion and large sales fori ' .-, in lhe fo ld h.wc failed to stimulate stim-ulate big-scale buying at eastern b -I tile mills BOmC plants are running half time and others have closed down for short periods. Textile prices, in many instances, are still 100 per cent or more abov pi -war levels, owing to persistent dullness, however, quotations quota-tions are seeking a level which will uttract buyers. LABOR A i Lowell, Mass.. 3,o00 employes J a large hosiery mill offered to accept a 15 per eent wage reduction to keep the foctOT "inj, Ljck of orders, however, for. ed a shut down. n the whole wages are not being be-ing reduced material!) 'vo employers, employ-ers, but wHKe costs uro being cut by Increased efficiency. RJ rtJRS I PRE-W Ml DOLLAR The economic drama now being enacted en-acted might be entiled "The Return of th" 're-War I Millar" lovernnient experts have figured that the doll.u Is now worth Oo cents. It ptOOd ,i .".." eents a few mor.ths ago This is a gain of 18 cents, it means the au-tomatic au-tomatic raising of wages and a larger market basket, when raw material arid wholesale price receptions arc passed on to the ultimate consumer 51 I I ! RS Rl svi The dollar's come-back is meeting with stubborh resistance on the part id produe. -, .nid sellers In th,- ln- dusi lal .filter- powerful business In- rests WOUld Check the decline if pos-Blbh pos-Blbh and avoid lossec through shrinking shrink-ing inventories. In lhe agricultural districts wheat growers .ire being urged to hold out lor wheat "lht rld In the south ir burning the cotton of growers who refuse to aerse to hold their crop for 40 cents a pound. PRICE PA1 L LOGJCAL Wheat prices are falling because of a world crop ample ioi all needs, with probable competition In selling. The total of all can l! ieidc tins year ia the largest on record wlrn -'n. - . p-tlon p-tlon Tlie corn crop Is unrivaled. ! bundanl .Tops in pea. e times always lower prices. I OTTON l l g Cotton quotations have fallen from 11 cents to nearly twenty cents a pound because of the la ise supply and diminished consumption here and abroad. With the hold-over supply and the H'jii crop, a total of 16,82 912 bales will ba available this year, against consumption and export "i American eotion last year ..i 13,031 - bales With wool it la the same story on August 1 there were 700.000.0uo pounds of wool In the United Stati With one or twp exceptions this Is the larger amount than was ever .on-BUmed .on-BUmed In this country. The rest of the world has two years' supply of wool in storage, it is estimated PiMii.it vno.N In September. 90.000 immigrants flO( ked to American shores. About 50 per cent came from Italy. .Many of thorn are unskilled laborers, a large majority of them are women. oo |