Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-05-20
PRICES IN ALL
PARTS Of j. s.
/ ARE BEING CUT
| BY NE ERCXANTS
Reductions Are Announced
on Mems and Women'S S
Clothing, Shoes, Hats and
Many Other Articles,
ACTION is OUTCOME
OF MARKET BREAKS
Backward Spring Season
and Large Stocks on Hand
Are Also Contributing ac-
tors Is Claim,


Chicago, May 19.-The wave of
price cutting in wearing apparel
continued today to sweep the coun-
try, merchants in many cities and
towns announcing reductions in
mems and womens clothing, Shoes
hats and other articles.
While some merchants said the
reduction could not be maintained
after present stocks were exhausted,
others declared the price cuts were
the logical outcome of breaks in
the eastern market, a backward
spring season and large stocks on
hand
Owners of department stores in
scores of cities today announced
price reductions in mems and wom-
ems apparel, ranging from 20 to SO
per cent, while in some places
shoes and other articles were sold
at reduced prices.
While the movement. which as
sumed nationwide proportions yes
terday continued to spread, bank"
ing interests in New York today
extended their campaign of defla-
ton of credits and high commodity
prices, carrying out their pledge to
the federal reserve board.
Banks were reported to have sent
word to- importers and dealers in
luxurious articles of apparel and
manufacturers of so-ealled non
essentials that only moderate finan-
cial accommodation could be e&-
pected now.
A newspaper advertisement in
serted today by a Newark clothing
concern denounced price cutting as
'an economic mistake" Several
Milwaukee merchants characterized
the movement as a "circus stunt
In st. Paul. where marked price
reductions were announced, tn
largest wholesale millinery concern
in the northwest announced It
ould oben its doors to retail trade
and dispose of q 81 100000 stock at
prices 50 per cent below prevailing
retail prices. One large mems fu:
nishing store, which operates In
several cities. announced a general
reduction in prices of Is per cent.
Price reductions ranging from 10
to so per cent were advertised by
n number of Boston retail stores.
While most of the reduc ions were
In clothing, one department store
announced a reduction of 25 per
cent 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 %
per cent, while several mems stores
announced 33 Ia per cent reduc-
tion in mems suits. A Texarkana,
Ark. shoe store announced sale
of s12 shoes for $4.S5.
Virtually all leading stores at
Chattanooga advertised 90 per cent
discount on all good except contract
commodities. one Columbus store
reduced women's clothing 33 l-3
per cent and another conducted
''half price" sale on all its spring
suits.
Price cutting in the sale of tex
tile materials, hats and furnishings
put into effect in many San Fran
cisco establishments Yesterday was
followed today by the announce
ment of one shoe firm that its
stock was being disposed of at 4
reduction of from 10 to 40 per cent.
Many middle western cities and
towns reported reduction in cloth
ing prices. A break in the eastern
market, rainy spring and large
stocks on hand were responsible
merchants said.