Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1907-10-15
COMMERCIAL
Cost Of Living Higher.

i i
Cost Of Living Higher.
Beginning with the increase of ] cent
a pound on the wholesale price of beef,
within the past fortnight there has
been a general advance in the prices Of
nearly all the necessities Of llfe-milk,
butter. eggs, bread, fruit, canned goods,
etc. The increased price of fruit and |
vegetables is credited to, short crop !
In nearly all sections. due to an excep |
tionally dry summer. The price of milk
has been advanced IN several cities to
0 cents quart retail. During the sea-
Gon there has been 20 per cent adj |
vance in the price of canned goods Of |
the best quality, and 1t IS said that the
pure food law is partly responsible for
thls by eompeIling the retirement of
many cheap and adqlterated articles.
The tomato crop Is said to be. GO per
cent short, and this, too will figure in
the Increased price Of canned tomatoes,
which are axgsssctte4 to go from 80 cents
to 81 a dozen wholesale. Sweet esrAt
IN the can has already gone from As to
rs cents dozen. PFNnes are expected
to advance eAe.third over the average
price for the past five years, as the
crop Is only little more than one
third Of last years. Peas and beans
will share in the general upward trend.
Tho Erie Makes Record.
The report Of the Erie railroad fol
| the last fiscal year, which is now made
| public, is remarkable In several re.
tpects but chiefly in the statement that
| not single passenger out of "a, 1919, 1913
carried was killed during the year. At
the same time there was a reduction In
the cost of operation, and more passen-
4 gers were carried at less rate per
mile. Wages were increased 81, 100000
IN ths aggregate. In spite Of the big
increase in wages the road made q gain
/ In net earnings of nearly $4,000, 900,
the total being $16,171, $50.
/ w. v. and P. n. a. Make PEACE.
THE long legal war between the
Western Union Telegraph company
and the Pennsylvania railroad, which
began In 1903 with the expiration Of
an old contract. has ended In a new
twenty year agreement, and all the
Lawsuits arc dropped. The Western
Union will resume operations along
4 Pennsylvania lines and will extend to
the Grand Rapids and Indiana and the
Columbus and Sandusky lines, which
heretofore have been used by the Post
al. Between the lines Of this announce
ment people read triumph for the
Could Rockefeller interests, which, by
raiding p. r. r. stock, compelled Cas-
satt to stop opposing the entrance of
Wabash into Pittsburg and to let West
ern Union alone.
Hartman Loses His Alton.
i At the annual meeting of the Chica-
4 go and Alton railroad =. H. Hartman
failed to be reelected director, ahd
the name Of his friend, James Still:
man, was left of, this marking the
A ealahlatf ascendency Of the Rock Is
land interests in Alton and victory fol
the Moore Reid people. Recently the
Alton was purchased by the Toledo: ST
fnnIs and Western, or Glover Leaf. z
| Edwin Hawley, bead of the latter road
becomes now an Alton director In Hap
riman's place,
Demand Credit Currency.
81 The resolution adopted by the Ameri
u can Bankers association at Its recent
Atlantic City convention fayors the
credit currency plan submitted by the
commission appointed last year ant
favored generally by eastern financiers
although opposed by western men
This indicates that another effort vii
be made to set another credit clrrenc,
!. law through congress. Il generll tlri
plan is to authorize national banks 81
good standing which have surplu.
fund equal to 20 per cent Of their CAPT
tai to issue credit notes in amour
equal to 40 per cent Of the bond 80
cured circulation, subject to a 21a PEI
cent per annum tax, and furthel
amount equal to 1917 per cent of til,
bank capital, subject to per cen
z tax.
Heaviest Failures In Decade.
According to the reports Of the com
mercial agencies, the year 1907 thu
far has shown the heaviest commercial
! failures Of any like period in the las
s ten years, the month of September be
8 ing particularly notable. MS its failure.
In point Of liabilities have surpassed
those of any month since December
1893. pun's review regards the dis
turbance as q distinctly monetary on.
and not to any falling of III tile gen
erai business of the country or anxiet,
regarding the future.
!, Two Cent Faro Pays Railroad.
IN bis annual report Presiden
Charles $. afsllaa Of the New York
! New Haven aud Hartford railroad atl
mits that the two cent passenger rat,
established about a year ago has PROV
ed a profitable one, the gross earning
Of his company having increased abou
8 per cent during the past year. MI
Mellen's report also deals with TIL
!, recent acquisition of the Boston an,
Maine by the New Haven company
. which now practically controls tn
!. frst mentioned company, although th
consolidation has been temperate,