The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-09-28

4 seemed TO catch the public eye, and the
response OF mail-order houses to the
cuts In cottons and other textiles have
made marked Impressions, tending 70
dwarf the known fact that September
has seen a rather rapid and wide
spread marking down OF quotations In
other lines. which seems likely 10 give
that month as a whole especial prom
| nence in the history OF price readjust-
ment following the war The first big
! declines In prices, II might be added,
were shown In May, and the strength
OF the war-level prices has obbed
pretty steadily since then. AS to the
effect on retail trade and ON the much
discussed cost of living problem, this
seems to he dependent upon the natur-
ally slower registration at retail Of
the great basic changes already noted
at wholesale. yfF
Notable events OF the week have
been the continued hesltating character
OF demand for nearly all OF the apparel
lines, the further quieting down OF new
buying OF iron and steel. with appear
ances OF weakening OF quotations for
scrap and softening OF some grades OF
semi finished steel. but with main
tanned strength in pig iron. There are
reports OF large export business, how
ever, that may be obtained for this
country. Lumber Is quieter, and prices
have tended to sag further as the hopes
OF n renewed boom in building this fall
fade. Coke prices are steady. Soft
coal distribution Is better In the west
but trade views as to anthracite de-
mand and prices conflict sharply. Re-
duced Industrial output would, how
ever seem to point a slight easing In
the strain on household supplies, both
east and west.
Money has rather tended TO relax as
hut
yet over, due to the later than usuai
movement of. or holding Of, new crops
notably cotton and wheat. Failures for
the week show an Increase over any
recent week, but are still far below
years previous to 1918. Clearings still
show gains over year ago.
Commodity price movements show
some notable recessions. Corn tell
through the dollar price for futures at
big movement OF old crop. cotton,
with the fear Of tropical storm damage
removed, has reflected poor trade re-
ports at home and abroad In a 2-cent
decline. Refined sugar, raw wool:
live meat producing animals ana
leather prices are lower. whffe dairy
products have advanced and the weekly
food index is a shade higher. Winter
wheat and flour have been unsettled
by reports of large Canadian shipments
to this country, but wheat rallied later
on good export buying.
Wheat exports are large, and the TO-
00O. 900 a week average is maintained.
eradstreet's Weekly Food index.
This weeks index number based on
the prices per pound OF thirty-one ar
ticles used for food, Is $4.A5, which
compares with $4.43 last week and $4.S1
for the week ending Sept,25, 1912 This
weeks number shows gain OF lour-
tenths of l per cent. over last week.
but a loss of IA per cent from the like
quoted. seven advanced as
with last week, twenty de-
clined and forty-nine remained I'M
changed.
Cotton has been favored by weather
this week and has certainly lost no
ground. II indeed It has not gained IN
the western half of the belt, especially
in Texas and Oklahoma. The feared
gulf storm failed to do any damage.
Eastern crop reports are not so IA
due to boll-weevil DAMAGE.
Crop reports on corn are not attract
ing the attention they were severai
weeks ago. The trade has mads up It's
mind that there will be large amount
of good grain this year which VIII move
freely. High temperatures and dry
weather have wrought almost a miracle
recently. and the outlook for q record
breaking crop is regarded as very
bright. Private reports suggest ylelo
of around $3.50 100000 bushels, or w.
400. 900 bushels in excess of the govern
ment September returns. which with
The large carryover in sight from the |
old crop Is expected to result In
heavy IL not burdensome supply.
Weekly Bank ciearlnqs.
Bank clearings at fifty leading CITIES
~ the United States for the week end
ing Thursday. Sept %, as reported TO
Bra dstreet's journal, aggregate $S.aoS.
,aa 600 a loss of IL per cent from last
week. but a gain of ct per cent over
The like week last year. Outside or
New York the total Is $3,950.7 77000,
Iecrease Of 2.2 per cent. from last
week. but an increase of 1876 per cent.
,ver this week last year. New York
,hows a drop of 6.3 per cent. Thirty
linz cities report larger totals than
asst year, while eleven exhibit
osses, Chicago reflects a gain OF 1913
yer cent, Philadelphia IL per cent,
14.6 per cent. st. Louis ~ per
emit, San Francisco III per cent,
oittsburg 800 per cent. Cleveland 2l.9
,er cent, Baltimore 1872 per cent. ana
1872 per cent. Kansas CITY
eports a loss Of 3.3 per cent, Atlanta
So per cent. and New Orleans is per
ent.
Weekly Failures.
Business failures for the week ending
ept % number s.158,swhich compares
rith 144 last week, 4i6 In the like week
. 1910 1sO in 1913 23S in 1917 and 27S |