The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-02-09
Does Supply and Demand
Really Work?


The few who are still faithful to the
teachings of the political economy, of
the eighteenth century have classical
opportunity to revel in feast specially
spread for that creed The good. old
law of supply and demand has Deeh
resurrected for the benefit of American
consumers. The commodity involved IN
the revival is sugar. Sugar is not the
most vital article necessary to exist
ence, but a judicious direction OF psy-
chology has made it appear to be So
on the basis Of Illusion by which the
color blind man Identifies emerald green
as scarlet.
But~the good old Flaw" of supply and
demand is back, 1t is strictly on the
Job. 1t Is to regulate prices on sugar
because sugar has been selected by
common consent of those who are ma
nipulating the sugar market with the
ethargic cooperation Of those who ~d.d nat to
their hands in their pockets READY 10
pay all the bills. a.,
Sugar is so plentiful, is coming into
the market from so many sources, anu
in such prodigal quantities, that those
who have placed themselves In control
of it have decided that the only way
to save themselves, the market, ana
the consumers, is to raise the retail
prices. How much has not yet been
agreed upon, because the census mas
not revealed how much money con-
sumers have left. The price viii de-
pend upon that. The rate consumers
will be expected to pay is all the
| money they have. Enough to test the
| traffic capacity.
The good old law of supply and de-
| mand, freed from meddling official con-
| Germ for the interest of consumers,
means that when this supply is heavier
| than the normal demand and consump-
| ton, prices go down to meet the point
where a balance is struck. When sup
! ply Is weak and the demand and con-
| sumption normal, the price naturally
| advances a little to reach that balance.
| That is why with so much sugar com
| ing IN from all points Of the compass
| the cornerers do not know how to get
rid of it except through prices limited
| only by the amount of money the buy
ers have. The more sugar there is the
| higher prices go. But after the first
| hundred years everybody will get used
Pittsburgh Leader (Prog. Rep).
A British Opinion of Us,
The editor of John Bull" in Lon
| don, has gone on a wild rampage
against the United States and all that
country, with the others of the allied
lands, was sore oppressed This gem
tleman asserts that he is fed up with
Uncle Sam" and that the time has
| come for plain speaking, ana tnat l
do not see any reason why we should
flatter the vanity of this hustling race
by lauding to the skies their part in
the war" In connection with our posi-
ton at the beginning of the war he
asserts that '1n that critical hour
America deliberately chose to stand
aside from the conflict and martyr
| dom Of sacred cause"
But there was another critical hour.
It was when Gen. Haig said: I'VE are
with our backs to the WALL" when the
cry arose from England; For God
sake hurry, you Americans" and when
Lloyd George himself solemnly declared
that sit is a race between Hindenburg
and President Wilson" Well, linden
burg, lost didn't he?
There is no need that any nation
should claim to have won the war. we
all won the war. But to sneer at ana
belittle Americas vastly important part
in the winning of it is proof either OF
weirdly short memory or heart tull
of black ingratitude. We refuse to be-
lieve that John Bulls attitude repre-
sents that of the great British peo-
ple-Boston Post Gnd. Dem)