The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1920-10-08
WASHINGTON

Price cutting has taken hold Of the
wholesale trade to an extent that soon
must be felt in substantially lower
prices to consumers. according to the
federal reserve boards monthly busi-
ness review Just made public. Retail
purchasers are showing continued de-
termination to await Il move by deal
prices. and are foregoing Injuries, re-
ports to the board declare.
Gradual return to the law of supply
md demand as n governing price in
| fluence and the end of "war charges"
for necessary commodities is predict
ed by government officials in explain
ing the governments attitude on credit
extension. Secretary of the Treasury
Houston declares requests for credit
could not be listened to where such
aid might mean the preservation of
high price levels.
\ reduction of nearly $4,000 in the
monthly payroll of the railroad admin
iStration since the end of government
control has been announced by Score
tary Payne. From 1912 employees in
February. with payroll of S57O.O7S.
the number dropped to 1.195 in Au-
gust. with a payroll Of $oM.57l.
West Virginia. with a population Of
1.463.61o. an increase Of 242.49l. or
1919 per cent of 1910. has passed
Maryland in the relative standing Of
the states. West Virginia stood twenty
eighth in 1910. and Maryland twenty
seventh
GENERAL
Health authorities at Boston have
detained as leper Joaquin Costa. 30
"a mill operative. who had gone to a
hospital for treatment for skin dis.
ease. 1t was said he had undoubtedly
had leprosy for several years without
knowing it. Costa will he sent to the
state leprosarium ut Penikese island
the seventeenth Of the unfortunates re.
stricted there.
The death toll from the Wall stree
explosion September 1G has been in
creased to 3S by the death of Alfred
G. Phipps, age IS. a broker Of New
York City. as result of burns. inter
nal injuries and fractures of both legs
A million and a half copies of the
text Of the league Of nations covenan.
have been distributed over the United
States by the Democratic campaign or
ganiZaton. it was announced in New
York by George White. chairman of
the Democratic national committee
More are on the press he adde,,
land they will be going out TO tbs
voters soon
Albert A. Rosch. president of III,
Aberdeen Chemical company of New
York. was held in $4,000 bail for OK
animation in connection with the >eiz
ure hv federal agents of cocaine ana
morphine valued at So50oO0. Herman
Segal. Il salesman for the company
US held in 5000 bail. While tn.
company had a permit TO deal H.
drugs. the federal agents charged thu
the defendants had not complied witt
the law requiring that all purchases
and sales be recorded on government
blanks.
Gimhel Brothers. a large New Yorl.
department store. will he tried on !;
charge of profileering December |
Federal Judge Sheppard set that date
on motion by counsel for the defense
There can be no Immediate reduc-
tion in the price of furniture. accord
ing TO a statement made hy John !.
Young OF Cleveland. president of the
Retail Furniture Dealers association
Of the United States.
The Lee Tire & Rubber company of
New York has announced reduction
in the price of its entire line Of tires
from Il 10 20 per cent effective at once
throughout the country.
Real estate in New York City will
have an assessed valuation of So. 1905
OF. 46, for 1921. the board of taxes
and assessments announces. This is
an increase of 81 800 6O7. 494 over the
present year. Value of taxable per-
>onal property was placed at S7S5..
$4,000. The value on personal prop
critics of John H. Rockefeller and John
p. Rockefeller. Ir. were fixed at So
100000 and S5OO.NO.
Two indictments We're returned by
the grand jury in Boston against
Charles Pnnzi. the 10 per cent profit
financier. who has been in iail since
August H. Each Indictment contains
AZ counts. charging use of the mails
in a scheme to defraud. The maxi
mum penalty or each count of an in
dictment for fraudulent use Of the
mails in case Of conviction is five
years imprisonment. Ponzi will be
arlAigned later.
The White Star liner Baltic from
Liverpool and Queenstown arrived in
New York last week with gold bullion
valued at S7.loO.nOO consigned to
American bankers.
The Hare'S Motors. Inc. operating
company for the LocOmohile and Mer-
Ger concerns. announces the price of
standard 1.nrOnobile cars has been