This very cheapening of many commodities in 1913, side by side with which went also a cheapening of many manufactured articles, was indicated as the sign of a decline in the power of consumption of the population.
The canal system of Canada, linking together the great natural waterways, is also of much present and prospective importance in cheapening the transportation of agricultural produce.
Thus weighting, which was until recently thought to apply only to black silks, and from which coloured silks were comparatively free, is now cheapening and deteriorating the latter in pretty much the same ratio as the former.
Statistics.-The cheapening of manufacture by improvements in processes and machinery, and by the increase in the scale of operations, has been very great.
Which separate the ore fields of Lake Superior from the cheap coal of Pennsylvania would have handicapped the American iron industry most seriously but for the remarkable cheapening of transportation which has occurred.