"The financial position of the German steamship companies is far less brilliant. The loss of their vessels was very heavy, but the ships they have left dare not venture out to sea, and the commerce of the enemy or neutral companies very greatly increases. While, on the other hand, enemy or neutral companies have largely profited by the incredible rise in freight rates, they have sifting the ships in solely, and will be not formidable rivals than ever.

"For the contrary, there will be a formidable drop in freight rates after the war and a result of this the outcome for German shipping is not very favorable. Many vessels taken over by the governments for military purposes will set free, the German and Austrian vessels will go to sea. All the vessels built with very much energy in the shipyards of America and Japan will be put into service. Because of the danger the merchant vessels will continue to move in narrow channels, and there will be little to do for German vessels, as our exports will be smaller, and commerce in former proportions can be established only with North and South America."

MARKED INCREASE IN COST OF LIVING
Continued From First Page.
"In the last year, the total increase in the cost of living was $10,000,000."  The price of a leg of mutton had advanced 1-1 percent; pork shoulders nearly 2 percent; bacon 5 percent; beef about 1 percent; chickens 2 percent, and turkeys nearly 1 percent. 