Evening journal., 1914-08-11
SAYS WAR WILL
CUT LIVING COST
Business Expert Tells What
He Thinks the Effect of
HoStilities Will Be
CHANCE FOR
SOME INVESTMENT

BOSTON, Aug. 11.-Roger w. Bab-
son, business statistician, today fore
casts a golden opportunity for invest
ment by men of small means a boom
IN the cotton and wooden industries.
out the reverse in the price of lux
ufles ana some necessities as the re-
suit Of the European war.
lhere Is absolutely nothing to
warrant the recent increase in the
cost Of -four" said Mr. Babson. 1--WE
nave the biggest wheat crop in the
history Of the country We don't Inn
port that commodity There are no
ships to export it BY every law Of
supply and demand the prices should
go down.
Neither Is there any reason for an
increase In the price of beef or In the
Dy-produots of cattle The prices OF
these should be lower, If anything.
And after peace Is declared IN Furope
and ships are available to transport
beef across, there Is no reason to ana
tlclpate a sudden demand for beef
that will send the price up again. on
the contrary, beef shipments should
be below normal. for there is bound
TO be a prolonged era Of economy
among the nations engaged Ia war.
Shoes Should BE Cheaper.
Where New England Is hound 10
be hit hard is in her boot and shoe
industry. The European demand is
gcihg TO fall off so heavily that I'm
AFRAID many men will be thrown out
of work.
For the general public. however.
there is a silver lining to this cloud,
Tor II means surplus OF shoes on
the market and consequently cheaper
prices.
Every article containing rubber is
going to jump in price, for the
worlds rubber supply is no longer
enjoying its dependable sourse in
brazil. This means that automo-
bile tires are going 10 cost more. But
because navigation is at a standstiil.
there's a consolation for automobiIe
owners in the assumption that easo-
line will so lower
Sugar, rice and tea are going 10
cost more than ever. The price of
potatoes probably will 90 up because
a large part of our supply of potatoes
comes from Denmark, ireland and
Germany.
Cotton goods should be cheaper
and woolen goods high. We have
had an excellent cotton crop and the
price will drop because 1t cannot be
exported just now. The war Is the
finest kind Of high protective tariff
Tor the cotton and wool industry. in
asmuch as 1t has caused the mills in
Great Britain to close down. / conf
IDENTIFY look to big boom In the New
England mills
Apples should sell for about 81
barrel. On the other hand, pine
apples are likely to be selling for 81
each
Ban Deposits Safe.
Bank deposits in this country are
absolutely safe. Money is easier now
than Il has been for many months. To
understand why the war has caused this
L must be borne in mind that banks /
ire required to keep 20 per cent. reserve
u gold or legal tender against their
oans.
That means to loan S5,000OOO a
'ank must have 81 100000 in gold on
land. With financial relations with Eu. II
ope cut off, the outflow of gold has
eased, and we are able to conserve our
,old here.
"Never was the time more opportune
or investment by men with the small II
means than now, for securities are lust
low at their lowest point since the
anic of 1907 The market is loaded
nth first-class securities that are an
Acelient purchase at bargain prices"