The sun., 1919-05-20
Sees PRICES HIGH
FOR SEVERAL YEARS
No Relief Until Europe Pro.
duces Own Food, Says Ca
madam Banker.
Special Despato1 TO Tup Sun.

TORONTO, May Disseminating In
dustrial unrest in this country gives rist
to the thought that radical change In
the point Of view Of many people may
be necessary. For years. the advocates
Of protection and the development OF
Industrial life have pointed TO this as
the country's chief hope for the future.
Vast undeveloped natural resources
must be used for tho enrichment of all
the people. Now we are face to face
with continued high prices and a pinch
Ing of city consumers until the indus
trial structure Is threatened.
Formerly, the city prospered. while
the farm suffered from low prices and
depression. Now the farmers are thriv-
ing from heavy production ut the high
est prices ever received, manufacturers
are prosperous from business developed
during the war. but the masses of the
city are increasingly at a disadvantage.
There win be no relief in prices for
two or three years. according to a dis
tinguished Canadian banker, with keen
views~on practical economics
I'VE may look for high prices for two
or three years yet" said ne, until Euro
pean countries are able to get back on
q food-producing basis. and there Is
again something like a surplus of food
here AS II stands, Europe will take
all the food We can send. and pay the
highest price. and. as q consequence,
consumers here must pay q correspond
Ing rate As soon as food prices drop,
other prices will follow and we will be
on the way back to where We began"
This view was largely endorsed and
supplemented by a fnancier who has
had experience on the Canadian War
Trade Board and Knows the Canadian
economic situation. A suggestion tc
this observer that Canadian exports
should be limited in justice to the con-
| sumers OF this country. brought an In.
dignant reply.
| In this northern country we can only
produce a few things on a large scale
and these are the things we must encou
| rage. They include wheat and othe
foodstuffs. pulp wood. asbestos, and 81
on. upon which the world depends upoI
Canada to a great extent For US 4
limit our market for these things woul,
be disastrous. II Is a mistake TO do any
thing to prevent the largest possible ex
port of these things at the highest pos
sible prices. because we must get tn
money to pay our debts and maintai
| our development"
"How will the city people be reconcile
to the high prices that will come fror
this policy7
city people are only parasites any
how, and II they cannot stand this, lie
| them go and live in the country and Pre-
drce their own food. That Is what thi
country is mainly for, and II is wron
that anything should stand In the wa
of it When n man tells me he cannc
pay the price charged for eggs, I to
him to go out where he can keep hen
and provide his own eggs"
eft Is generally said that the Govern
ments OF Canada have discouraged couI
try life and developed the cites
'On the contrary, 1 think they hay
done very well for the country. Loo
at our railroad policy. We have col
structed railways at very heavy expens
to the country at large to develop ne
| sections in order that food may be pr
duced. / think it il up to the countr
as a whole to accept this as the settle
Canadian policy and adapt itself to IL"