have enough money left to bid up the prices of consumer goods or 

 property to any great extent. However, if our financial contribution 

 as individuals to the war effort were limited to an increase of 9 

 billion dollars in taxes, there would still remain a very large income 

 from war expenditures which could be used to bid up the prices of 

 available goods and services or equities. The government will cer- 

 tainly make every effort to obtain the maximum amount of savings from 

 individuals and the minimum amount from banks. It is entirely possible 

 that some sort of forced savings in addition to increased social 

 security may be resorted to. England is even now taxing Juveniles and 

 all others earning in excess of $^.4-0 a week. All people earning 

 below about fe.60 a week will receive back at the end of the war their 

 entire payments that they are now making to the government. This is a 

 method of forced savings. 



It is doubtful if the govern^nt will be able to siphon off 

 through taxes or savings all of the additional income that will result 

 from the enormous increase in government expenditures. That being the 

 case, it would not be at all surprising to see the prices of practically 

 all corn-belt farm products, with the possible exception of wheat, rise 

 to the maximum permitted by legislation about to be enacted, which 

 would permit top prices of 110 per cent of parity or October 1, 19^1 > 

 prices, whichever were higher, A new column is added to the table this 

 week showing about what these prices would be for the eight products 

 listed. In only three instances are October 1 prices higher than 110 

 per cent of parity. Those are hogs, cattle and soybeans. 



Livestock , Hog prices have shown further improvement, and 

 seem to be following the usual seasonal pattern which would point to an 

 average January price of ^0 cents a hundredweight above the December 



