Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-08-09
nancial and economic system is o.
war basis.
Must Have Peace.

nancial and economic system is on a.
war basis.
Must Have Peace.
Europe will not, cannot recoup her
capital or put her restless, distracted
people to work until she knows exactly
where she stands in respect Of peace
and what we will do is for her the
chief question upon which her quiet
ude of mind and confidence of pur-
pose depend. While there is any pos
sibility that the peace terms may be
changed or may be held long in abey-
apce or may not be enforced because
of divisions of opinion among the
powers associated against Germany. 1t
is idle to look for permanent relief
But what we can do We should do,
and should do ut once. And there is
great deal that we can do, provi-
sional though il be- Wheat shipments
and credits to facilitate the purchase
of our wheat can and will be limited
Eand controlled in such a way as not
to raise but rather to lower the price
Of flour here. The government has
the power. within certain limits, to
regulate this. We cannot deny wheat
to foreign people who are in dire need
of it, and we do not wish to do so;
but fortunately. though the wheat
crop is not what we hoped ii would be,
it is abundant if handled with provi-
dent care. The price of wheat is
lower in the United States than in
Europe and can. with proper man
agement, be kept so.
Can Prevent boarding.
BY way of immediate relief. surplus
stocks Of both food and clothing in
.P Z hF will "a
sold, and of course sold at prices at
which there is no profit. And by
way of Il more permanent correction
of prices. surplus stocks in private
hands viii be drawn out of storage
and put on the market. Fortunately.
under the terms of the food control
act, the boarding of foodstuffs can
be checked and prevented, and they
will be, with the greatest energy.
Foodstuffs can be drawn out of stor-
age and sold by legal action which the
department of justice will institute
whenever necessary; but so soon as
the situation is Systematically dealt
with, it is not likely that the courts
will often have to be resOrted to.
Much Of the accommodating of stocks
has no doubt been due to the sort of
speculation which always results from
uncertainty. Great SURPRISES We're
accumulated because it was impos-
sible to foresee what the market
would disclose and dealers were de-
! termined to be ready for whatever
might happen, as well as eager to reap
| the full advantage of rising prices.
They will now see the disadvantage,
as we'll as the danger, of holding off
| from the new process of distribution.
| luTpp Stocks On Hand
Some very interesting and Signifi-
cant facts with regard to stocks on
hand and the rises of prices in the
face of abundance have been disclosed
| by the inquiries of the department OF
! agriculture, the department of labor
and the federal trade commission
! They seem to justify the statement
that in the case of many necessary
commodities effective means have
been found to prevent the normal
operation of the law of supply and
demand. Disregarding the surplus
stocks in the hands of the govern
ment, there was a greater supply OF
foOdstuffs in this country on June I
of this year than at the same date last
year. In the combined total of a
number of the most important foods
in dry and cold storage the excess Is
| quite 10 per cent. And yet price,
have risen. The supply of fresh
! eggs on hand in June Of this year
| for example, was greater by nearly II
| per cent than the supply on hand al
| the same time last year and yet the
wholesale price was 40 cents n dozen
as against 80 cents n year ago, The
stock of frozen fowls had in