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Show THE TO PICK UP MING EXPERTS HER Harvard University Economic i Research Bureau Announces Its Views WHOLESALE PRICES TOPPLE 35 PER CENT But Cost of Livina Drops Oniy 10 Per Cent, Says One-Authority One-Authority Bj IOIIN V HIM, Piraiiclnl Pclltor, iron Trade Review. Termination of the present trade slump In Aorll is predicted by the Harvard university economic research '.ureau and other leading business forecasters Slbwlj oeaslng credit oo'n- ! ditions. rapid price declines and absorption ab-sorption of surplus stocks of goods In many lines bear oat this prediction. All danger of a panic has passed. k i i ro revtv I Most authorities arrree that real re- Viyal is unlikely until war Inflation, :ls squeesed out of prlcea This hasj I already happened in a number of com. modltles. They should recover first. ! I Many others, however, are still tool ' high to attract buy1" LIVING ( OSTS, Although wholesale prices have fall- en around 35 per cent from the peak. ! the cost of living Is down less than 10 per cent This is due to high I rents, high coal prices and the reluctance reluc-tance to lake losses or pass on wholesale whole-sale reductions to the public. rteal ' price cuts have been greeted by amazing amaz-ing purchasing power and large pent-up pent-up demand. t Mil I; I ONE ST1 DIEIt Business generally continues in an ascertain mood. A fjkmef undertone , appeared in a few lines last week. ! however. Holiday buying has helped' I retail trade. Print cloth sales are re-i re-i ported the largest in weeks. Hide buying buy-ing recently tcajc tho first spurt In mnnths Woolens and silks are mov ing better sr Mil is PLAN. I Sentiment among merchants to i place orders mo.e liberally for spring! Is spreading. St Louis stores have! announced their Intention of going into the market. An e arly Easter, ( cheaper ruw materials, better credit j conditions and the desire to prevent further unemployment are their rea- I .ions for buying. l l Itsi FACTORS Smaller hunk clearings and rising business failures remind that readjust read-just metit is proceeding Pradslreet's reports that November Insolvencies were ins., with liabilities of $39,751,-000. $39,751,-000. This total of losses was a new high record tor November. IMU SI Rl 1L ONDITIONS. I The credit clearing house iayn there Is less buying at present and greater 1 Indebtedness than In 1018 or 1918. It bases Its reports on Information from many business houses. A survey , by the National Industrial conference board In 4 6 slates shows spreading Industrial In-dustrial depression, but no serious un- I employment yet. in i R i ER Larger export sales, unfavorable-foreign unfavorable-foreign crop reports and hope of financial fin-ancial aid from congress have caused wheat to advance L'8 cents a bushel from Us recent low point. October exports of wheat of 3S.ooO.000 l.u- i shcis were the la-gent in history. ol ion LOW. Cotton at around 1G cents a pound Is believed at rock bottom. It has dropped from above 40 cents since ! summer Poor demand for cotton gOodS has caused three-fourths of rhe English cotton Industry to cut from a 4 8 to a 24-hour weekly working I basts. Southern planters meeting this week are discussing curtailment of acreage. Former attempts to cut planting have always failed. |
