Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1919-03-03
PREDICTS SWIFT
DECLINE IN PRICE
or MEMS CLOTHING
gshscago Marchank Nays GeveFmsaens'i
Release E1f yFoeI WIN Re-
ance C8st

IA decline 4 starting now. and We
ARE buying on i falling market We
are shaping our whole institution TO
buy on j falling market. and not On =
rising market And 10 ii d with every
other merchant. said George Lytton.
owner og one Of the largest men s cloth
ing stores III Chicago. at hearing on
demands Of packing house employees for
larger pay. Mr.. Lytton was asked TO-
appear ID Lehaif Of TIE men.
A conclusion TO e drawn from his
testimony was that factors operating
to lower the price OF clothing In the
latter part Of 1919 were already at
work. lut that prices for sporting
goods have been based on purchases
made Iii the high markets Of last
spring and summer, would have to
stay high this spring ID protect the
merchant from loss
i The governments release Of wool,
i II held, would naturally reduce prices,
and consequently selling prices. Mr..
Lytton said. He added that he thought
the highest prices had already been
reached in clothing, and that there
would be rapid decline from present
prices. The same experience held true
with cotton goods. he said We figure
NE are buying On falling market,
and we are advising our buyers to buy
VERY consegvaEiyeiy, he said.
Bought For Protection.
Whereas said Afr. Lytton's In
Iterrogator. an attorney for the pack
ers. Ia year ago you were buying on q
rising market, and you got as much as
lyou could to protect yourself on the
theory that # the war continued you
would lie Obliged to pay more this.
lyear? We bought all we could.
i replied the merchant Mr. Lytton said
that the apparent decline applied to-
shoes. The same condition applies.
lin fact he observed, TO all OF our
I merchandise "
The narOse the question as to prices
lat which merchants would sell their
goods bought on the top market, when
this market was falling as at the pres
ent time. The only way. said Mr..
Lytton, by which we can seIl our
surplus merchandise at any less than
we now contemplate selling II, which
OF course il based on what It cost US,
on rising market. or the top OF the
market. will be IL the market falls
enough between now and spring after
1.-THE season opens so that the whole
sale houses will have on hand
merchandise which they want to clean
up, and We can so out and buy enough
of that merchandise al a considerably
lower price than we paid for 1t be-
fore, 30 that We can average up on the
4 whole stock. IT this should happen,
Mr. Lytton said he thought the price
would DO not very much more than
that Of last spring, but still somewhat
higher.
Right 10 Keep Prices.
The arbitrator, Federal Judge SAM
uel Alchuler, was interested in this
point Has merchant the power,
The asked. notwithstanding the fact
prices may drop after he bought his
goods. to KEEP his prices up on what
he paid for them. regardless OF the
fact that after he has paid for them
the 9prices drop? Does not he after
il while have ID meet, to an extent at
least, the drop III prices. notwithstanu-
| ing he paid higher price,?
No, replied the merchant III he
has paid higher price for them he
must get q higher price for them or
lose money. "
We'll, | know. said the Judge, ..but
merchants have lost money.
II al depends. OF course, what hap
pens to the whole market, answered
the merchant IF everybody else had
IOnly bought half, we will say, they
can buy at . lower price; then he has
to lose money. But this Is not So.
You will and al merchants buy al the
same time. pay about the same prices,
depending upon the quantity az the
merchandise and their ability to buy.
iOf COURSE, and that the general prices
will be fixed for merchandise. Z
When cooking honey keep an ashes
II 90 50