Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-03-20
PRICES down IN
NEXT SIX MONTHS?
EXPERT INVESTIGATION FORE.
SEES END OF HIGH COST.
OF LIVING.
LARGER PRODUCTION
TO TURN THE TIDE
psfistion Of Credits 20 %
Important Accompaniment to Price
i, Rsduetions-No Panic 70 Follow
But susin.ss viii D Slowed
Down Temporarily. -
fRv E. @. pouGHERrYl |

Washington. March t0.-The bot
tom is confidently expected to drop
out of the high price market within
the next six months, according to
expert opinion among economists
here. Increased production. together
with the campaign of economic buy
ing now in progress by the depart
ment Of justice. under the leader
ship Of Howard E. Flgg. the assist
ant attorney general in charge OF
price control. is given as reasons Tor
the expected lower commodity prices.
Accompanying the price reductions
will be a healthy deffation Of credit,
which will relieve financial tension.
There is little chance. for financial
panic or, business crisis, nor Is IT
probable that there will! be any pc
Rod Of industrial depression. The
worst to be feared in the immediate
future Is q temporary slowing down
of business as a result Of mod
crate decline In commodity prices.
This period will not continue more
than six months. after which there
will be q general revival Of business
activity, a marked increase in pro-
duction and nation wide prosperity.
These are some of the conclusions
drawn by John Moody, an Invest
ment expert and ANALYST. OF New
York. who is visiting the large east
ern cities for conferences with the
business and banking interests. Mr..
Moody traces the economic and A.
nanciai history Of the United States
from the civil >war period down to
the present time. He pn'nts out that
the fundamental conditions which
exist today are just the reverse from
those which have existed when the
country has experienced .panics and
prolonged periods OF depression.
Panics in the past. he Sid, had heen
brought about by oyer-production
and too rapid DEVELOPMENT. coupled
with speculation. Today there II
world shortage Of goods. so much so
that the annual convention Of the
chamber OF commerce OF the United
5NdtCS UCAt AlOutft az fAtloHtiC LILY
has been dubbed Increased produce
ton convention"
The adverse foreign exchange SIT
uation. which makes It difficult for
European purchasers TO make pay
ments In his country. Moody declar-
es. already Is being felt, and may
serve to check further price adj
n~A - n
He predicted that means would be
found for Europe to get the goods
and raw materials to clothe, feed
and employ her psbple. and gradual
ly place the world on more even
keel.
Discussing the development Of
business in the. United States since
the civil war. Mr.. Moody pointed out
that the country had always been
heavily indebted to Europe until 1914,
and that American industry had been
developed largely by foreign capital.
Our foreign trade, he said. was
practically nothing. AS a result OF
the war. the situation has been res
versed.
VsSVS tVpuCOs 0000 eVUs ,saEH
Federal legislation designed to pro-
tect agriculture against thu impure
seed evil Is being sought by iowa,
farmers and agricnlturiAts OF other
states. thru the national board Of
farm organizations Representative
Haugen. chairman Of tho house COM
mittee on Agriculture. has been ask
ed by the orsanization. to have his
committee give immediate attention
to passage Of legislation that will
safeguard the farmer from distribute
ors Of worthless seeds.
Senator Capper, Of Kansas, who is
referred to as the farmers most act
i've friend in congress. today .saie.
that he favors extending the au-
thority Of the department Of agricul-
ture to cover the control OF seeds.
II the seed distributors are to con-
tinue to- enjoy the privileges of in
terstate commerce they should be
compelled to conform to q general
standard to be established by the
federal government" Senator Cap
per said. The states can not regu-
late or suppress the evil. They are
wholly helpless. They can not rifle
tine uiaiis- OK o farmer and insist
that he turn over bis packages lof
seeds. II the problem IL to be effec-
lively dealt with It must be thru fed.
eral le6islation, fairly enforced"
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