Ogden Standard-Examiner | 1920-11-08 | Page 4 | Looking Ahead a Year or More

I LOOKING AHEAD A YEAR OR MORE lias the Republican administration a difficult task ahead? The answer Bcems to be, Yes! Will prices continue 10 drop and, it' they do, will wages Z win them) If prices are retained at the present high level will discontent be cored ! Is tin- period of readjustment, into which we have entered, to continue and are we to '.' through ' slowing up procesa which will bring unemployment ! to these questions lei us turn t other sources far ;i teply. The Manchester Guardian of Janchestet, England, says an industrial depression i- approaching and. analyzing the situation, reaches this conclusion: The cotton trade stagnant, and the woolen is little it' ai.v better. In other great industries the outlook is also gtyoniy though prcscnl conditions are not so had as in the lUple trades of Lancashire and the West Hiding. The world's demands for goods are certainly not yet satisfied. Tin- fad however, that people i" other lands cannot purchase pur-chase the g I thej require at ihe prices thai prevail at ,,,.1 The unsolved problem of the moment, therefore. y based oil Ihc of raw materials purchased many fact iircrs in this country who have, both at home and I abroad, large stocks ol goods the prices of which are partly part-ly hascl on the most of raw materials purchased many months ago a! higher prices than prevail today. Of course, America is in an immeasurably better industrial ami financial condition than England and can go through a price-cutting price-cutting ordeal better than any other country. Hut how far rcaeh-ing rcaeh-ing in its effect will he the drop in prie.-s and how will the people accept the scaling down of incomes" Tim Republican victory undoubted! j will koep confidence from being destroyed, and the psychological influenee will he most helpful, help-ful, hut will tin readjustment proceed too rapidly and culminate in t rouble ? Getting down to earth again is a difficult task.