-!-" '4 p -l3T : T"" IT,. j ''' Fy . ., .1;, 1.. '! 'jnH VsW !rf' , ip Hi- .v. . T f -T A' . " a 1 r .J . T., ." ,i .V ,'l ". ' -'L '' ' S.1I. t 1n rpvtwtf PJt T t vSC-,1. -r Jr Vir" !- r' ."' . t . v, ..,-'-."'" 'r"J n ..-.' ' -"J v ' EtEH&O PUJBLld " EDtetpMAt)EL?HlA MONDAY, OCTOBER' 24, 1921 - ill" I' p - An - 1 Prices ARE , ( down-buy new! 4 day's work will buy as much today as it ever would' arJMBIBHIHHMHaHriHHBttHmMMM iH C .JiaaaMWaBaMaMaaMaMaMaMaB3aa1aalaaIMBKrt J J - -- . .. i.iiWWWWIM- '' Cost of Living Figures published in recent Bulletin of the Department of Commerce show that cost of living in the United States has net only dropped below 1920, but even below 1919. Cor. et U-rittt U thewn 02 e-er 1014. althenrh whela mm pneNi In lta chart te the left lire represented u 41 rer ma. .Cert of Urine Uwlndee Feed. Shelter. Clelhinr, fnel and Lirht. and Sundrira. each clentitlcallj welched I hwher than Wholesale Price became of the Incliulen " n3 mi una im xaraa. vmen are inn ai an denated. CHANGES during the past year and a half have been tremendous, but most of us have been se close te them that we "couldn't see the city because of the buildings.,, One chorus has been shouting that "prices must come down," while another set thundered that "wages must come down." Each group is se busy trying te outsheut the ether that attention has been distracted from the fact that both prices anH wages are down. .Prices have dropped faster than wages, which is as it should be, and, therefore, conditions are ripe for business revival. Tke ten r In table (henre the wacaa arid U mwkCled Ubr 7 M TJatted BtaUa Steel Cor Cer Cor jratlee 'after each adranea er cat atec ltlB. tot-Khar wtth the vercanta is advanea of the IMS rate. Xrea after the lat eet est (far mere eerere than la ether llnea) eteel labor li re cehrlna halt ae much acatn aa six rear are. WttM AdrUK II hr. Dar lfltB S2W r.b. Mar Iec. Mar Oct. AW. Aer. 1. 101B... 1. 1018... IS. 1618... 1. 1017... 1. 1017... 18. 1016... 1. 1918... 3.30 2.50 3.76 S.00 S.30 3.80 4.20 110.0 4.82 131.0 0 '13 Bate "lO.'d 23.0 37.5 50.0 0&JD 00.0 Oct. L 1018... Feb. 1. It20.... 6.08 1M.0 Mar 18. 1&21.... 4XS 102.& Jnly 18. 1931.... 3.70 86.0 Anr. 20. 1831.... 3.00 00.0 Hall worker' wares. ten after the lataat est. are eatlaaated aa donteto the aevraca paM In 1013. Toe I dH award V bulldlnr labor in Chicago flxee all rcelee at hlcher Sreres than were paid la 1919. The chart ble shows hew wacea have increased during: the past 80 veara. The rednctietu daring 1921 represent a drop en this scale from the peak figure of 225 te somewhere between 200 and 210, leaving; the figure still far abert: any previous period. This chart was prepared by the Continental and Com Cem mercial National bank from statistics of the Bureau of Laber. uillajuli n 1 1 i'i nTrnrmTT vr i ' t i 3. ill ie Jx w ia O T 5 - e " 5 e j 5 2 w 0 $ 2 e Z t -y Ul " 5 t U 2 D 1 tn we irr urn M w -i Jw a On the rhfht arc Index number ef tht wafej per hour tftMM Trend of Aute mobile Prices 1919 JAN.l ST 1920 JAN.l 19 21 JAN.l 19'21 OCT.l TRZN0 OF YIELD Of REPRESENTATIVE BONDS The above chart shows hew present wholesale prices in variens countries exceed these of eight years age. Dotted line represents 1913 as 100. I I T I I I P5T7T -S . J I t:Ji 4-00 1 I I I I I 4.Q6 'e I9JZ I?I3 I?14 1915 9l(e 1911 1918 l?l? I9Z0 0 TO drive home these facts The Chicago Tribune recently print ed a series of full pages under the slogan which heads this page. The price situation with regard te Gen eral Merchandise, Securities, Feed Products and Automobiles was an alyzed in these advertisements ever the signature of a representative man in each line. Contributors te the series included : D. F. Kelly Direcler of the National Retail Dry Goods Association Rey C. Osgood President Investment Bankers Assocxahen of America W. A. Heath Chairman of the Beard of the Chicago Federal Reserve Bank Themas J. Hay President of the Automobile Trade Association of Chicago Bismarck Feilchenfeld Chairman of the Central Executive Committee of Retail Feed Distributors These pages have been reprinted in portfolio form and will be mailed free te any selling organization if re quested en business stationery. Each advertisement is a thorough treatment of the subject by an au thority and is illustrated by charts such as appear en this page. The fol lowing quotations indicate the stim ulating nature of the campaign: MR. KELLY said that prices are new as low as they would be if normal development had net been interrupted seven years age by war. He added: "Beth prices and wages are higher than they were several years age but the balance is in favor of wages. " If you doubt this, consider the stand ard of living of the average man-; con sider the quality and variety of the comforts and conveniences and lux uries which he enjoys as the result of each day's work and compare them with what the man in the same posi tion a generation age would have been able te afford. " A day's work has purchased mere during each decade notwithstanding advancing prices because a day's work produces mere. The achievements of science, of engineering, of organiza tion, of executive ability in short, of brainsenable men te create mere wealth with each day's work, and therefore te obtain mere of the geed things of life." MR. OSGOOD emphasized th unusual income yield obtain able by purchasing securities at pres ent prices. He said in part: "Investors who are still out of th market may be deterred by a fear that the tide has net definitely turned for the better or by a feeling that prices may go still lower. We can net prove that these people are wrong, but a consideration of all factors shows that the probabilities are that the tide has turned and that present opportunities for genuine investment bargains will net long be available. " The dollar which is net at work is as great' an industrial waste as an idle man. It is injuring its owner and tha public. The dollar that is put at work today by investment in a sound bend will net only de its share in speeding up industry but will insura a high return te its owner for many years te come." MR. HAY presented a tabulation of 52 cars, with peak price and present price of each, showing a drop of 20. He pointed out that auto registrations have increased 89,673 in Illinois, Indiana, Michigan and Wis consin for the first six months of 1921 as compared with the same period of 1920. TVTR. FEILCHENFELD cenclud-J-V-1- ed his statement with this par agraph: " At present prices and present waca my employees can buy mere feed ..i the average Chicago grocery store than they ever could with the results of a day's labor. Prices are down." e? CHICAGO TRIBUNE advertising has also decreased in cost during the year v Rates have remained the same, although circulation during the past six months has averaged 46,114 mere daily and 90,627 mere Sunday than during the corresponding period of 1920. At the average rate charged by Illinois news papers, this additional circulation (which Tribune advertisers receive at no addi tional expense) is worth 13 cents per agate line Daily and 26 cents per line Sunday Eastern Advertising Office, 512 Fifth Ave., New Yerk Ofye (rar Urxhum 9U1 THE WORLDS GREATEST NEWSdZEZdI Largest Morning Daily Circulation in America FOR REPRINTS of Tribune campaign en Trices and Wages write en business stationery te the Business Survey, Tribune Bldg., Chicago or te Eastern Advertising Office of The Chi cago Tribune, 512 Fifth Ave nue, New Yerk. 19 X 'i J? l- 1 ft r-3 I Ml i t 1 -, : P ' m fir- 1 H 4 !l Q li I f ''I a
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