New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-08-31
Hish Prices
! Laid to Short
|. Production

.nr productive forces in the prelimi-
..-y processes OF provision to meet
Mture requirements. In fact, due TO
.rs;oess uncertainty and hesitation
pa tendencies 70 disagreement be-
,.sen productive groups, there ensued
.nsr the armlst;cc disuse OF a
,.-re proportion of Americas pro
a aa.sive capacity. Unless this slump
- PRODUCTION IS atoned for by con-
.;s.snt future activity, and unless pro-
;.st;ou is constantly maintained on
.n sdeouatc scale. reduced standards
= - living will Become irescapable. re-
urdless of price,
AbnormaIly High Profits
eThe very fact that prices OF
a ss;shed comm odities. consumption
d GODS so-csled. have risen % an ex-
8 an out Of proportion 10 the rise in
= nrees OF raw materials and perhaps
~. Of proport Tor 20 the rise in gen
L .rsl wages. indicates that production
n .,r-;ed on under these conditions is.
4 n general, yielding profits abnormal
i i high"
D The councils report points out that
sue importan. factor in the high cost
4 living lies N the mistaken idea
lat an increase in income, even
dough accompanied by a rea. reduc-
ron IN the amount OF the necessities
4 life produced. should raise the in
] ;iyidua! standard OF living. The re-
q port points out the faliacy of the
d belef of the individual. hat q raise in
Evares or income under present con-
G..ons should alone increase that in
4 divdual's standard OF living.
u The repor, emphasizes the fact that
HE deficiency OF commodities, as com
Euared with the volume o. circulating
and also as compared with liv-
nc requirements, has survived the
iuration of the war, and the only safe
| 3ud practicable method Of efecting
Establishment now is BY the practice
Iii genuine economy, by increased pro-
S2ucton Of the things society needs
lad by curtailment in the consumption
IN those Injuries which lArger money
incomes have falsely led US TO believe
&ths. we could afford.
q Credit Reduction Opposed
q The report continues:
q ~. does seem no. safe nor practical
BE 10 initiate read iustmen- OF prices
!, a premature reduction Of credit Cor
essential purposes. inasmuch as the
inst effect OF contraction OF such credit
.ould be reduced productior-the in
justification O. inc fundameH1al cause
.fom "h,ch me county no" sul1sls-
On the oeAer name :. Is s~s.e poSsiplg
" increased plou ~ ..ot' 10 800 ac.h
Voian1s - ",.''.1o''. 49, go.
'Sat the pa.s' cs "e - ,e' s'.- ~ a. sooNs
snd circq. -. .-'e'. IN '.oi ma =
II VIII "o- ps " = 80, o. utse'
hs' any NOV e''.r" - .:'..'.De pI 'ces
aaer~'ss '-1u ~ - .on 81
waste, 'he - - SO. q. p,o'.sser ing
mo 'Ae S.'''' - " p'cu',S o.o.' .""S
enc 20 p..''- -. a. a.. al ..,e;,'sei W.
sequence a" .AoreNse O. reduced pro
'u .,, . co., .4-o,r nv.
~, y" zen -. 80 ~ W..
s.'y 49,. :. ;nab;l;+v ~ so ~ sds-
ne. r,,a-.,,;as - 80 ,ooo,s ~ SO
H. So 1,,.,e- - No ;,,-.es+;,a.od j.
~ ~ o,,se-.o~ - Tho adeanacT Of The
M,sne~ai SUNNY. and tho second cues
ior should ~ add -nssef 70 ma r,strar
d.: the anno--.oar.sat o. -.a supply
anon ~ va~.ol,s r7e7,her- c~dIIrs
,sad c.&sses Ct society. I. IS obvious
nat means n .ife calno- be plentiful
S1nless production is adequate, and
there IS, therefore. . 2 .ertitLl supply
M.yailao,e to- sch distribution.
No Serious Food Shortage
"a 9We nasea4 .b~o,oi, ina var na-;os
with cenora' +ordenc,. toward CON- ~
siderable i~c~eaee =, on. ,,roG~ns;o1, ~
ioodg Ala We u.are undis- 80 nacee.
sty Of su0plv.ng large oua-t;+ies Of
food 10 our allies: bu- We. nevertheless.
thanks TO d magnificent. agricultural
programme, cane out OF The war with
cut serious shortage OF food supply.
NOTWITHSTANDING large exports. our
"nedl ana hour supply - OBVIOUS y
snsc, - +to a+.or oaraois - ro 49,,
,srv oood $50 ''-S
IL aTbo,,ch -
xb., Ion -; T,;.oI -
e 4,.r.o J.,
IA ~ - Nv &c p oS -ueu ~.
inc;rr ~" e''ei seu . . 0.s' me Wa pLo-
rar to,,-as go "a 80 1@i aooFe pre-
,srye 1900 ~'-o ~ possesse ~ ie
kths far,os 49, 40 ~ hofara 49,. ~,
%heavv n.ar dra4Y. .',~
,evan % 'f''' ou1 'Npi'''e'
IS sTbo ~.,. -.
how -. $50 "a oo'n ~, -
#,n Iu,~ 100 - 'ne q.''.S1'S iieiu
Lac ,.oa -S' a. A1tiS' 0iie SANE
49, ago @"en IN connection
snt reserves of live animals and lsree
crops for the current year, it would
gseen! that some relief from high prices
e. food should be possible.
Present food prices are not 70 be
z'ccounted for largely on the basis of
&aesyy exports. Il is true that food
D., By comparison. nlentjfnl Rnt j.
Emlatinr medimn, ~ r,,roco .ilV ~