The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1920-05-22
CLOTHING PRICES
ARE BEING SLASHED


Chicago, May 19.-The IA oil
prosecuting in wearing apparel con-
tinued to-day to sweep the country,
merchants in many cities and towns
announcing reductions in mems and
women's clothing, shoes, hats and
other articles. While some merchants
said the reductions could only be
maintained after present stocks were
exhausted others declared the price
cuts were the logical outcome OF
breaks in the eastern markets, a
backward season and large stocks on
hand.
They asserted that the reductions
could not be maintained, because the
mercnant did not control the cost OF
manufacture, and that when stocks
were depleted market prices would
have to be paid for new stock.
Owners Of department stores In
scores OF cities to-day announced
price reductions in mems and wo-
mems apparel. ranging from 20 to SO
per cent, while in some places shoes
and other articles were sold at re-
duced prices.
While the movement, which as
sulned nationwide proportions yes
terday continued to spread, banking
interests in New York to-day extend
ed their campaign of defiation Of
credits and high commodity prices,
carrying out their pledge to the Fed
eral Reserve Board.
banks were reported to have sent
word TO importers and dealers in lux
urious articles Of apparel and manu-
facturers of so-called non-essen.ials
that only moderate financial ccoLl
modations could be expected now.
A newspaper advertisement insert
ed to-day by a Newark clothing con-
Germ denounced ~price-cutting as AN
economic mistake" Several Milwau-
kee merchants characterized the
movement as a "circus stunt"
In st. Paul, where marked prices
reductions we're announced, the larg-
est Wholesale millinery concern In the
northwest announced 1t would open
its doors to retail trade and dispose
of q $1,300,000 stock at prices SO
per cent below prevailing retail pric-
es. One large mems furnishings store,
which operates in several cities, an
nounced a general reduction In prices
of 15 per cent.
Price reductions ranging from Is
to SO per cent were advertised by a
number Of Boston retail stores. While
most of the reductions were in cloth
ing. n department store announced
a reduction of % per Q N in lines of
cottons, blankets, linens and similar
materials. Some women's stores
marked prices down one-half.
At st. Louis three department
stores cut clothing prices is to rs
per cent, while several mems stores
announced 33 la per cent reductions
In mems suits.
A Texarkana, Ark, shoe store an
nounced a sale Of $12 shoes for Sass.
Virtually all leading stores at Chat
tanooga advertised 20 per cent dis
count ON all goods except contract
commodities, one Columbus store re-
duced women's clothing 33 1-3 per
cent and another conducted q half
price" sale on all its spring suits.
P~rice-cutting In the sale Of textile
materials. hats and furnishings put
into effect in many San Francisco es-
adjustments yesterday was followed
to-day by the announcement Of one
shoe firm that its stock was being dis
posed of at a reduction of 10 per cent.
Many middle western cities and
towns reported reductions in clothing
prices. A break in the eastern mar
ket, a rainy spring and large stocks
ON hand were responsible. merchants
said.
Credit will be helped through the
reduction of indebtedness resulting
from the disposition of merchandise
in price cutting sales. a financial au-
thority said tonight.
According to reports from many
parts of the country. merchants are
Offering inducements to buyers, in
dicating that they are trying to re-
duce inventories and Indebtedness.
They probably reached the con-
clusion that the time has come to re-
duce stocks. Whether all the mer-
chants are making the reductions
they advertise cannot be told"