Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-05-19
PRICE REDUCTION
| RAPIDLY SPREADS
ALL OVER NATION
First Items to Be Affected
Are Clothing and
Shoes.
DEALERS ARE CAUTIOUS
IN BUYING NEW STOCKS
Fight Money and Poor Trans
portation Strongly Influence
Big Sales Program.
'ACIFIC COAST CO-OPERATES
southwest Territory, Too, Joins in
Movement to Liquitlatc Stocks
on Hnnd.
1EALERS ARE CAUTIOUS
IN BUYING NEW STOCKS
'ACIFIC COAST Co.opERATEs
southwest Territory, Too, Joins in
Movement TO Liquilatc Stocks
on Hand.
IBy Associated Prcsa. ]


CHICAGO. May Is. "A wave of
'ricc cutting in retail ciothipg costs
eachinG from the Mississippl VALLEY
tho Pacific Coast vas reported to-
lay. Dispatches from ,wcnty-four
itics in that territory told of prom
seh reductions IN these necessities
ranSinS from ID per cent TO minus
,ront.
Financial authorities here said in
iications were tho price decline would
20 limited to rcady-to- clothing
principally womcn's garments aud
ilks. shoes were In the list at-
cctcd.
Tight money and Inadequate trans-
bor,a,ion facilities were cited among
he primo reasons for the mercantile
movement. Delays in delivery of
goods. IN which much money had
'cch tied up. together with inabil-
y Of farmers to- get grain and live
took TO market. were said In many
Instances 10 have worked hardship IN
n merchants.
An officer OF ono o. tho leading de-
'artmcnt stores or Chicago declared
hat the price reduction now hciny
eportcd meant also that merchant g
ere trying TO satisfy what he called
a hystcrical demand from the pub
IL for lower prices" These current
cductions. ho said. might he only
temporary.
Reduction In Inventories.
y financial authority here said tina,
{ reports OF price cutting were. de-
'endahlc, they Indicated a tendency
owSrd "A reduction In Inventories
'hough this might be temporary, lie
aid. 1t was undoubtedly good. In
nat IL suggested that merchan n ts
Earc going ahead more cautiously
Falcs arc being held under various
hamcG
In Toreka. kans.. a mems clothing
'rm announced a mo pront" sale. de
larins 4, would back its promise AT
he end OF the sale ny letting tho
sc named by him take possession OF
Is books and accounts.
department stores in ST. Louis ad
e-,!sed "undcrselling campaigns"
Twenty per cent cuts were the
most popular. ON the racihc Coas,
acoma dealers announced cuts from
o per cent Nat to "proftless sales
declaring that on some womcn's gar
ncnts prices were Gu, virtually in
alt.
Three Seattle retailers Gu; clothing
fu per cent. In san Francisco one
etailcr has announced 90 per cent
ut in all lines; another 20 TO so per
ent In certain commodities. At
;vcrctt, Wash, two mems stores an
bounced 30 per cent clothing cuts.
In Nebraska three large Omaha
ores several days ago announced n
at reduction or ID per cent. and
,hcr Omaha stores have followed.
everal Omaha stores said their silk
Iits were so per cent. In York, Neb..
20 per cent cnt in ladies' silk and
.oolcn garments was made. In
Wichita. Kans., silk shirts have been
S,duccd. coffcyvillc. Kans.. reported
iany cutpricc sales.
In Minneapolis "a large department
orc has announced general cut OF
|, per cent. AT Knoxville. Tenn.
ne of the city's largest department
L 30 ncr cent on it's entire stock,
Scept a few contract price articles.
hoe reductions also were announced.
Price Cutting In Southvest.
At Oklahoma City sales offers Of
} to 30 per cent reductions were re-
orted. At Ardmorc one retailer an
ounccd 20 per cent reduction. One
pcn's store at Muskogee cut every
ling 10 to 30 per cent and other
ouses advertised sales of spring and
Immcr apparel with reductions of
per cent.
Al San Antonio. Tex. two depart
lent stores announced sales with
sductions of 20 per cent, another a
5 per cent reduction sale. At Waco
mother department store announced
had knocked fifth off It's prices.
n FL Paso store cut shoes and
lothinG.
At Fort Smith, Ark, special sales
aid reduction was 20 per cent. At
'ine Bluff one mems storo and one
'omen's store arc making tho same
ut Slight reductions in shoes and
tearing apparel were noted at
'exarkana, and at Little Rock re-
lilers last week madc cuts from b
fth 10 a quarter. At Springfield
To-. merchants have announced the
tme REDUCTION. Atchison. kans,, an
ounced 20 per cent reductions.
AT Omaha a large automobile deal
made reductions of $3.50 on omen
nd $400 on closed car models.
a store which made a 80 per cent
DEDUCTION announced the cut would
xtcnd TO It's restaurant also. One of
no concerns which started with a 90
Ter cent cut announced an additional
deduction of 10 per cent.
Spreads East to Washington.
WASHINGTON. May lS.-Two large
Washington stores. one dealing In
ems furnishings and the other in
'omen's clothing. announced nat re.
uctions today OF 20 per cent in
riceS. One of tho largest mems
lothing stores in tho city nut into
fleet 25 per cent reduction plan
everal days ago.