The daily star-mirror. (Moscow, Idaho) 1911-1939, 1921-02-03
PRICES ARE LOWER
ON MANY ARTICLES
COMMERCIAL REVIEW SHOWS DE-
CLINE OF MANY STAPLES
PRINT PAPER HIGHER

MinneapOlis-An interesting review
of financial conditions is given in the
current issue of Commercial West
one of the leading commercial pub
licatiOnS of the middle west, showing
declines in prices of many staples
and that conditions generally are get
] ting back toward normal. That print
| Taper, wood pulp from which it is
made and cord wood for pulp pur-
roses are advancing rather than de-
clining, is also shown. The report
from Commercial West" follows:
Lower Prices for Raw Materials
The unanimity with which prices
the world over have already come
down. is evidenced by the fact that
II out of the rs articles included in
the import price list show a lower
valuation per unit Of quality in No
vember 1920 than in earlier months
of the year. Raw cotton, for example,
is valued in the November 1920 i'm
ports at 28.7c per pound against 69c
per pound in August of the same year;
raw silk $6.34 per pound against
$12.28 in March; clothing wool 274c
per pound against an average Of 60.4c
in May; Manila hemp $245 per ton
against $377 per ton in July; flax
1872 per ton against $2648 in August;
Cattle hides 20.6c per pound agains.
$3.50 in February; goat skins t2.8c
per. pound against $1.20 in May; pig
iron $30.60 per ton against S952S in
September; coffee 1880 per pound
against 22.1c in January; cocoa 10.2c
per pound against 17.9c in March;
fresh beef 1860 per pound against
17.9c in May; and rice sc per pound
against lie per pound in February.
News Print Paper Still High
The principal articles in the list |
which still fail to join in the general j
downward movement are news print
paper, of which the import price stood |
in November 1920 at $500 per pound |
against 38.6c per pound in January;
bleached wood pulp $193.7O per ton |
against $110 per ton in January; and |
pulp wood $15.35 per cord against
1896 in January, the November fig
lres of news print paper, bleached
wood pulp and pulp wood being in
each case higher N November than
n any earlier month of the year,
while bananas still persist in their
Upward movement, standing in No
7ember at 51.3c per "bunch" against
he former high record of 5000 in
March.
Pay of the LabOrers
AS our farmers should have learned
II the last twelve months that, I'M
ortunate as it undoubtedly is, they
must take their losses, in common
With all other business interests, due
0 the general decline of commodity
rices, so labor should have learned Z
hat the alternative to working for
wages which prevailing conditions
will allow is to do without work. No
ne wants wide spread unemployment,
f course because not only those who
re out of work but all other ele-
tents Of our population directly or
Indirectly suffer the consequences IN
ONE degree. But the extent of un-
mployment rests largely in the hands
labor. There is plenty of work to !,
9 done in this country, as we'll as L
the world, but it is peace
me work and cannot be done on war
me wages. Readjustments of wage
;hedules must be made on basis
declining prices and present pro-
lctiveness and true scales must be q
established based on new conditions. Il
The tragic folly and bitter expert
ice of the Russian people should |.
ave taught the world that capital u
Id labor are mutual beneficiaries of -
cir combined efforts and thai the -
lationship of capital to labor is not
at of an overload exploiting a help D
IS majority but only that of an in =
lligent fellow worker with common :,
tQrnSt v,