Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-08-04
RETAILERS HELD
TO WEEKLY BASIS
Wholesale PgodGCG Dealers Issue
Circular Explanatory OF
New Plan.
GOES INTO EFFECT AUGUST IS
Means That All Business Must be
Practically Cash Hereafter
Commission Mems side.

Six local wholesale firms handling
butter, cheese. eggs and poultry, are
sending out today circular statement
asking the retailers to confino their ac-
counts to a strictly cash basis. begin
ming Monday, Aug. IS, next. The cir
cular says
"All balances and past due accounts
Of those now buying on a weekly basis
must be settled In full, by cash or note.
on or before the above named date.
After which we will extend only one
weeks credit Any customer who fails
to pay his account by Friday Of the
week succeeding purchase we viii be
compelled to place upon the delinquent
list ana sell only for cash with order
until all balances are paid in full"
In explanation Of this drastic action,
the circuar further states;
we wish to explain that many Of
the products we sell come to us with
bill Of lading attached TO a sight draft
and we are compelled to pay spot cash
for all goods received from the pro-
Queer In this intermountain mountiy'
In order to prevent our credits from
hampering our business and TO avoid
borrowing large sums of money at high
rates OF interest we are forced TO exact
Of our patrons that their accounts DC
paid promptly each week. AFTER Il
thorough discussion Of the above win
the most prominent business men ana
bankers of our city and other cities
we are entirely convinced that TINS plAh
will assist the retailer as well as the
wholesaler in his business ettorts
throughout the whole city and we nope
IL will meet with your hearty approNal
.arf
TO turn our money oftener and get II
back to the producers in this section
encouraging them to produce more or
these products. the supply today being
far below the amount consumed.
COMMISSION MANS SIDE.
Commission men say they would like
Ia accommodate the retail merchant,
hut TO carry him for month or more
on their books means the loaning 10 MN
OF the Indebted amount which orion
runs high in the hundreds II not ihtO
the thousands of dollars, on whlch no
interest is paid. and which the retaltef
has The tree use of in the meanwhile
UetaiI accounts are supposed 10 Dc
settled every 80 days, but as generalIy
lannon's il Is from 40 TO 90 DAYS beipi'
accounts are settler. The retailer COM
Mains that he is not getting MS hl8Mcs
nv the month from the consumer, LUIS
the Wholesaler claims - loi So 80
thetical. as q minority only or en-
nIovcrs nav monthly, while many pay
svcry Two weeks, and more pay weekly
The trade seems TO think this nrces-
sary pinching OF the retailers VIII re-
suit In the closing of number oil niue
ward stores whose proprietors are uil-
able 10 deal on strictly cash pasis,
and the slow, but gradual, euucat'oll vi
,hc consumer 10 so arrange his finances
as to pay for what he buys as he buy
n: thus effecting great saving IN thS
an5 and Leading to something believed
To- be much needed in this town eco
nomical habits Of living. But the com
mission houses are determine r,',
nroducer demands spot cash, ana the
tobher and wholesaler thinks II only
Tair deal to have the retailer seitle his
accounts once week, or pay spot caSh
for what he gets