Sept. 28.
Arsrtnany price cutting, started so heroically in England by Mr. Mallaby-Dooley, purveyor of cheap suits, seems to be in full swing in America, and if we are to put faith in the views of business men there, a reduction in prices may be expected in many directions. This is the best news the world has had for a long time, and it is the more satisfactory because this opinion has not been given on the spur of the moment. in what might be a burst of enthusiasm or panic at the action of Messrs. Ford and others, but is in keeping with the views which have been' gaining ground for a little time past. Several weeks ago the Federal Reserve Agent at New York held out hopes that the peak of prices had been passed, and even the British authorities, infinitely more cautious
Text read from the printed page and cleaned; old type leaves the occasional error.