Saturday news. (Watertown, S.D.) 19??-19??, 1919-04-10
SAY STEEL MEN
ERR IN KEEPING
PRICES 50 High
Minneapolis Prospective Builders
Raising Protest on Steel Prices,
Think They Ought to Be Drop
ped More Than the Recent 10
to IA Per Cent Reduction.

ped More Than the Recent 10
to IA Per Cent Reduction.
Minneapolis, April TO- Minneapolis
building will be greatly curtailed I'M
til materially reduced according to To-
cal steel and iron manufacturers and
dealers, Buildings, they said, would
probably be limited to those necessary
for business and industrial purposes.
with investment buildings eliminated
until prices are stabilized on a materi-
ally lower basis than the present lev
ell.
They pointed out that steel is from
so to $50 per cent higher thar III 1915,
with rents only slightly advanced over
those of -four years ago. Fear Of sud
den drops in prices after starting con
struction was assigned as another fac
tor in the situation.
Steel prices should be reduced mate
rally to make building attractive, in
the opinion of j. L. Record of the Min
I IltttI DtliS E1lGSt sili't 4NtElIliiIlSlS :
Mr.. Record said that, by lowering
| prices and taking their losses now ran
| ufacturers would profit in the end
from greatly increased business.
Condemns L. S. Interference
A dealer in hardware, with an extern
sive business throughout the north
west, sees only a gradual reduction of
| all prices, beginning with food, as The
solution to the problems of developing
business in the reconstruction period.
! He condemned the governments inter
ference ID attempting to control prices
artiticially. This, he asserted, Only
postponed the time for readjustrnents
| that must come.
Steel Stand Called Mistake i,
a mistake in ;sying to maintain the
present price level said Mr. Record.
Manufacturers would profit by put
ting things Immediately on a just has
is and writing of fheir losses. The in
creased business would more than off
SET uie loSS. ~ t E
steel should have from 25 TO 30
per cent advances over the 1915 pr.ces.
believe it would be on an equitable
basis then. Where my company was
paying s1,2os per foe. hounds for steel
shapes in 1915, it is now paying s2A5.
If the price were 50, l believe that the
situation would be attractive to build
ers.
ANY mar who has business acrl-
men enough to accumulate sufficient
capital for Investment, can see ti:at
the present prices forbid any great
amount of building, A 10 ner cent re.
duction in prices would mean a great
deal on a big office building, warelic,iss
or manufacturing plant.
whiting to Pocket Losses
I'VE have several thousand ons o.
steel on hand, which we purchased al
high prices. We are willing to b
among the first to take u losses OF
Hit and get back to reasonable basis.
S"Readjustments must corne all alont
the line. / am willing, so far as ON
company is concerned, to have labo
be the last to suffer reduction. How
ever, we might Just as well face tn
situation squarely and get down 7,
brass tacks."
SUMMONS.
state Of South Dakota. County Of Coo
; ington, IS.
/, In Circuit Court Third Judicial Gil
cult.
Lucille A. C~hronister, Plaintiff, VS.. No
man y. Chronister. Defendant,
state Of South Dakota to the abcy
named defendant, greetings:
. You are hereby summoned and !.
auirad 10 answer the complaint Of Il
i above named plaintiff which will |
filed III the office Of the Clerk Of Il
Circuit Court in and for Godingto
County, in the Thir5 judicial circu
, 81 the state OF South Dakota ard
Y serve seop OF your answer on II
undersigned at hi office I'M he Dake1
1 Life building I'M the City of Yate
Gown. Codington County. South Oak
III, within thirty tso) days from the da
of the service hereofs upsona you exclu
,ive of the day d. sucf service; @
that II you fail to appear and answ
y us aforesaid. the said plaintiff will e
ply 10 the Court for the relief pray
for lii the complaint
Dated at Waterfowl, South Dako'
II this 2sth day of March, q p 1872,
il Daniel X Louck
ss Attorney Plginti
10 Norman u cbronlster sdefsndasll
. Shove named: ss:
You wifi please take notice 4 !
! suantnons il cosI1laint hsEeinW were
3 Cd April 10th. Abl919 in the on
z Intsthe Eierlx fsthh aEHEpItt s9nFt nay1
ana for HCodfngtoncoun tN
3 tartown,g south 4
panie9
Attorney fQr Eaairt
NEstpu pril da Msy
Aoans NAS g "a Fa
4 Bancrolx {. tlasSE lnlly y