The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1920-09-27
BIG FALL IN
FOOO PRICE
PREDICTED
With Exception Of Eggs
and Butter, An Food
Articles to Decline.


Chicago. Sept. IA general re-
duction in food prices was predict
Cd today by Sol westerfield. pres
idsnt Of the Retail Grocers' asso-
cation, who declared that all arti-
cles Of food, with the exception of
eggs and butter, are due for .
steady decline. The unwillingness
OF the banks to loan money except
1t high interest rates has resulted
in producers cutting prices to move
their goods. Mr.. we6terfsld said.
Potatoes to Be Very Low.
''The reductions have already
been felt all over Chicago" he
said. Potatoes are now selling
ct from 45 to IS cents q peck, the
lowest price in years. I expect
that they will reach . price Of less
than 2 cents q pound.
Generally, only lower prices are
in sight. Although it may mean
financial loss to some producers
and distributors. the nation az a
whole will benefit, and . return to
normal conditions will be effect
ed"
Seven pleasure boats sent to
Michigan by municipal authorities
to bring back cargoes of fruit are
expected to reach Chicago Wednes-
day. The boats will dock at the
municipal pier, where city officials
will sell the fruit Ut cost plus
transportation.
Granulated Sugar IA Cents.
New York. Sept. 17.-The sugar
market was weak this morning.
Three leading refiners reduced
their prices half . cent . pound
to II cents for fine granulated.
This was in line with the unsettled
feeling IN other commodity markets
Ind the Increased offerings in raws.
whore It appeared as II holders
were most anxious to make sales.
Cut In Lumber.
Chicago. Sept. u. - UNITED
Press. AN average reduction Of
% per cent in the price Of lumber
was announced by L. r. Putnam,
managing director Of the American
Wholesale Lumber Dealers asso-
citation. The biggest cut was in
hard wood, where the reduction
amounted to IS per cent. The re-
ductions ranged from % to IS per
cent below last February's prices,
Rents G. Soaring.
st. Louis. Sept ~. - UNITED
Press. )-Rents continue to soar, a.
though living costa show . down
ward trend in the Eighth federal re-
serve district, according to the
monthly report on business and
agricultural conditions. issued by
the Federal Reserve hank of St
Louis today.
The recent freight increases have
become "discernible," especially on
the coal bills.
Manufacturers have caught up
with the demand and in some in
stances outstripped it. Deliveries
I'D 0OA0 RAVAoRe AA1u tuCA0 40 a.
abundance Of merchandise.
Higher On Oils.
Gasoline and lubricating oils are
higher, according to the report,
Tho agricultural outlook is good
With the crops harvested to date ex.
cellent, although the vet, COO
weather during September has moi
been good for maturing late corn
Cotton has also suffered from thu
weather.
CeAl InpFov1ng.
Tho coal situation II rapidly I'm
proving. the report indicates.
ClAsss Railreal Ratee Adva1oa.
Indianapolis. Ind Sept. n. =
Class railroad rates In Indiana arl
increased - IL Per can't, eolxmod
ity rates 10, per cant and iron an
steel articles and livestock 1e %.
cent, BY an order today Of the In
diana public service commission
Tho now rates. which conform will
those In Illinois. become e6ectiv'
Oct l.