Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1909-12-28
of another form of government; as
to what is under the shell you need
but one look to be convinced.
LOWER PRICES FOR FOODSTUFFS

UuI ouG tOOh " DC NOAthlSSu.
LOWER PRICES FOR FOODSTUFFS
Henry Clews weekly financial re-
view says: Prosperity of the farm
err is naturally followed, though in a
less degree, by the activity in indus
trial circles. All our large plants are
'busily running on full time and over,
and labor is we'll employed. In COM
mercial circles there Is correspond
ing degree of activity, and the only
classes who are not sharing in the
benefits are those with fixed incomes
and whose work is of professional
nature. The latter, however, did not
suffer during the panic, but often
benefited thereby in reduced cost of
living, so cannot seriously complain.
But those who took the brunt of the
disaster should now have an oppor-
tunity of averaging up. Labor is
showing much unrest and making de-
mands for higher wages in order to
share the improvement, often forget
ting that it took little of the loss
which followed the panic. While it
is satisfactory to record generally
active state of business, it should not
be overlooked that the benefits Of
such activity have not been fairly dis
tributed. It's advantages have large
ly gone to certain organized classes,
who should now be content to see
the unorganized get share before
demanding more fer themseles.
| Investors are beginning to show
some interest in the security market,
and with the opening of the new year
there should be brisk demand for
desirable issues. Dividend distribu-
tons will be larger than usual, and
| at the same time there is likely to
be no lack of attractive new offerings.
A number of important new issues
are in prospect, which in all proba-
| Aility will be readily absorbed ow-
ing to the very high prices at which
well seasoned and high class securi-
! ties are now held. 1t must be rec
ognized that securities are upon a
higher level than before, and that
this generally high level is largely
justified by existing conditions. The
high price of securities and commod-
tiles are part of worldwide move
ment arising from the depreciation
Of gold, the activity of trade, the
paraitve scarcity of agricultural
products, the advance in land and
| numerous other causes which enter
in the complex makeup of prices.
1t is easy to pick out individual Sc
curities and individual commodities
which are unjus tifably high, but
weighing the situation from the large
point of view there is little reason to
anticipate any important recessions
in the price level FOR some time to
come. On the contrary, the indica-
lions point to continuance of the
upward trend, and in all probability
the coming year will be one Of large
business and even higher prices with
of course the usual temporary re-
actions.
1t is not unreasonable, however, to
look for lower prices for food pro-
ducts, inasmuch as the relatively
short crops of last year and their
high prices would stimulate efforts
for big production in 1910. Should
we have average crop weather in
1910 it is reasona BILE to expect that
the prices Of food products next year
will be materially lower than they
have been in the past, thus affording
relief against the frequent complaints
about the high cost of living. Flour
has already declined from the high
prices of last summer, and before
long it is confidently expected that
the price of meat will drop from it's
present high level as result of in
creased production.
And now we shall look out and
beyond this year into the new one,
and make new resolutions and hope
new hopes and dream new dreams.
The thing about the New Year that
is Of Importance from psychology
ical standpoint is that it is impressed
upon the average mind as time
when old habits and old weaknesses
shall be thrown off, and new ones
that are better and nobler may be