The Detroit times., 1910-11-10
1nER COST Of
Living IN SIGHT
- viii Be Reduced If Trusts and
Spectators Do Not
Interfere.


CHICAGO, Nov. 1O.-Lower cost OF
<fIng Ina sight
That Is the prediction OF leading
bod experts today, In view OF the re-
s. Variable and continued decline In the
rain markets.
II Is agreed that the decrease from
BE high cost or living OF the past two
ears- will be material If
m the meat trust and the grain
.aIhblers do not corner enough grain
Md enough meat I'm elevators and
|tor1ge plants 10 keep prices up.
Here Is. the situation:
The worlds supply OF -foodstuffs 10
much larger today than at the same
lime last year. That means much to
be Inhabitants OF the globe every
&here--in Europe. Asia. Australia,
tfrica and In America. Especially in
Me United States is this true. Here
I'VE have a supply of foodstuffs which
.1ught to do wonders toward solving
.khe high cost OF living as far as the
liable Is concerned.
In the last nine weeks there has
been a reduction OF about % cents a
tn1hel In wheat, while corn has
.IIropped q cent lower than that.
The time Is ripe for low prices ON
.1il meats and breadstuffs. These
&hDpld be lower this winter than they
have been for several years, If the
..aw or supply and demand is allowed
40 Regulate the prices, unhampered by
|t,ihSf influences.
wheat shot upwards a few months
>&&n when the American crop was re-
.borfed to be several million bushels
&hOfi of last years production. Then
<kaine reports of bumper crops in other
|#hoat producing cOuntries-the Ar
|&entine Republic especially, and Aus
|inlia, Russia and India.
f These countries are now undersell-
InE the American farmer in the for
|cIkn markets, and by so doing are
EbeDing American wheat at home.
THE expectation of wheat from both
t0asfs has fallen OF fully so per cent.
This will result in cheaper bread II,
rs above mentioned, the grain gam
bIer keeps his finger out of the -four
The visible supply OF wheat in the
United States is double what it was
year ago. 1t increased over 2,O00,-
BOO bushels last week. and is now over
IA. 0DD, 600 bushels. nearly One-half
1unkel for each man. woman and child
In the country, Last year at this time
No was 27,000,000 bushels. Chicago
alone has now 100000. The big
hour trust has bought large quaint
.i1a- The Armour Grain Co. bought
over 100000 bushels in one week.
The trade in -four has never been
10 dhil before. Millers have a sup
bly, or hour far exceeding the demand.
The decline In corn prices results
from the fact that the American farm
.6f iS hauling out OF his fields the big
Konk corn crop he ever harvested. II
'|s 4 bumper crop, totaling over 3.100,-
t0O.o00 bushels, or over 100000, 600
bushels more than last year.
And to set the price still lower, the
argentine Republic has also harvest
Ia 3 big corn crop. This means that
|Ihe American farmer will feed his
corn to livestock rather than sell, and
IhnH hogs, cattle and sheep will be
more plentiful. That in turn means
lower priced pork chops, ham, bacon.
lard, steaks and mutton-the meat
trust willing.
Never In the history OF the country
have so many cattle and sheep been
sent 20 the feed lots as this year.
|Needers are everywhere turning corn
Into meat at a rate which ought 70 be
very satisfactory TO the housewife
|bartering at the corner butcher shop
these coming winter days.
Meat prices will have to drop or
. the meat trust will have TO build ad-
1itiOnal cold storage plants to hold
the surplus quantity.
The lowering of the prices Of meats
land breadstuffs, the two commodities
(which eat the biggest holes In the
Wife's table allowance. ought TO bring
down with them prices of other food
nkuffs, because the demand being
tnrned toward iow-priced meats will
thereby lessen the demand for meat
rnbstitutes which have been so large
Nv eaten because of the high prices OF
meat, and reckoning along the law OF
Bnpply and demand the latter should
come down, too, making the cost of
.|Iiving as far as the table is concerned
'|mnch more reasonable than at any
time since the upward flight OF food
Btuffs began
This downward tendency OF food
stun prices will give the farmer less
money for his crop per bushel or
hound, but the soil having given him
more bushels, the more bushels hav-
|ing given more pounds OF meat TO sell
he'll come out even, or maybe ahead
About eeee, 900 of British capital has
been invested in rubber plantations In