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r Importers and Manufacturers unanimously !j warn the Public of HIGH PRICES for 1919. | The Mowing extract is from a Special Article in Zhe XiMOZ5, "ppinted on December 2nd, 1918. I There is a prevalent idea that, the war having ended, prices lor drapery and clothing will immediately begin to recede from their present high level, and that in a month or two goods will be obtainable at almost the same rates as in the beginning of 1914. In August, 1914, upcn the outbreak of war, much the same perturbation prevailed. But during the ensuing four years there has been an incessant clamour for supplies to meet the unprecedented demands. However, anticipations of lower prices for drapery goods generally are not likely /lay be realized for several months: I Indications point to still higher values next spring. When will prices fall? Take cotton. Stocks of the raw Hj mater:21 are so short as to entail restricted employment in spinning mills and weaving sheds, and wages have advanced HI considerably in Lancashire. Government, Allied and neutral demands wiil remain conside-Ale for a time. In wool, the position is the most difficult..Stocks of raw wool in this country are very low, and the reduction is causing very grave anxiety. No substantial improvement can be expected before May at the earliest. It is to-day almost impossible to induce cloth manufac- turers to accept new business on any terms, and prices when |H quoted are as mych as 40 per cent. above those asked a year HI ago. Several wholesale clothiers predict still higher values for the winter of next year. Silk goods are largely in the hands of our Allies and Switzerland. High-grade silk goods from France and Italy will not be cheaper in price yet awhile, and the outlook is HI doubtful in Japan. Anv genera l reduction nn ather goadt £ feeme altogether out of the question. The Lesson of the American Civil War. I At the end of the American Civil War, the general opinion of the world was, there I would be a big drop in the Cotton and other prices owing to the release of supplies from I the South. Instead of this, prices rose steadily for two years after the close of war, and I took another three years to return to normal, and conditions then were not a tenth as BI acute nor the shortage of raw material so grave as it is to-day. I The Leading Trade Paper, IReCOrd, on Nov. 23rd, 1918, wrote: I MM The first outstanding feature of the change-over from war to peace, so far as wool textiles are concerned, is that it is not likely to ease prices of wool goods in the slightest degree for the time being. The operatives have secured an award I of a further advance of 20 per cent. on the average to the whole body of operatives through the industries. The award laid down the proposition that this was to be regarded as a war advance only. The operatives' leader declared next day that the increased rates would be regarded as the minimum for the after-war period. Some of these wool trade workers have got an increase of 1041 per cent., and the remainder 89 per cent., 83 per cent., and so forth. In the second place, it is now clear that ..the high prices of dying materials are to be maintained. The Government has laid down the conditions under which it will lend money to British colour-makers for development purposes. There is to be no return to the cheap German dyes. The elements Hj of high costs here mentioned, considered in conjunction with the rush for goods now that the seas are open, force one to the conclusion that prices are more likely to go up than move. down. ■ These facts are of the utmost importance to all people. They should not I H be overlooked, for they correctly indicate the need for early purchasing II I if you wish to buy even at 1918 War Prices. IWORRIS GREAT WINTER SALE I Starts on Saturday Next, January 4th. I I Doors open at 10 o'clock. I :R.:ElW::EWI:B:E- I (1) Peace Prices for 1919 will not be lower but higher than 1918 prices. I ■ (2) The Stocks we are Clearing in our SALE, while new and up-to-date, I I were contracted for months ago and were secured below to-day's costs, I I and are now marked at Special Reductions to ensure a rapid dispersal I ■ of the merchandise and to offer such remarkable sale value that our II I number of Customers will be enormously increased. The Ladies' Realm, Llanelly.

THE VICTORY YEAR. I

CWMAMMAN. I