davidaulloa/AmericanStories huggingface dataset:
Evening journal., 1920-05-31
WIL-DEL SETS
DEL MAR PACE
ParkSide and Eleventh
Ward Hold Grip on All
Wilmington Lead
RICHARDSON PARK
ALSO HOLDS UP

Wildel Parkside and Eleventh
Ward and Richardson Park are out i'm
front 0f the Del MIR Al-Ninuincian
lud suburban Lcfcuc respectively b.
day Wi-ncl novel 90 the lol hy
defeating Edge Moor parksde and
Eleventh Ward and Richardson Park
stuck 90 the top by lriumphing over
Ninth Ward and Eden and Marshall
ton, respectively 10 Is not likely mat
today's gaines viii cause a new SHIFT
in The team standing 10 Is "a safe bet
ihat parkside's and Eleventh Wards
nghl for the lead in the All-Nlming-
ton League viii not be- threatened un-
on The leans meet two week hence
That This game will boz AS hard fought
as though the championship were in
Noivcd. Is a fOreeunc conclusion on
from the champions ought On come
through with a wallop. Eleventh
Ward stacked up against a real ball
team in Bethlehem last week and
made such a sorry showing that even
their moct ardent friends have al
ready dispaired 90 their winning a
crucial game from a team that has
not lost one out of nearly twenty-five
starts. However. the Eleventh
Warders are not quiliors. There are
many more good old ball games In
their hides. They have always been
champions or runners up fur tnai
honor. and 70 may be- that when they
take on the plrkside Ouifit io DE-
termine who shall bold The league
lead for the following six weeks.
Parkside. TOO, may ind ihai a great
ball club can DE badly bent 0cca-
sionally and siill have a wallOp.
Wndels speed early In the season
has surprised the nel-Mar League
fans. ID will be remembered that Dad
Sirawbridges outfit played brilliant
baseball during the last half of the
Dcl-Mar schedule last year This yeai
the locals got away 10 a good start
by shading flklnn. which team just
now. looks % be perhaps the best
club in he league. and have added
another victory 40 the expense of
Edge Moor They lost their only
game 20 New Castle. but if they gel
anything Ike an even break from
now on. 70 IS a good bet That they will
not skip many games and may bl
fighting near the top in both halves
Of the championship race The Mary
landers are out this wear 90 win al
least one leg on the championship anc
certainly look good TO succeed Edge
Evening journal., 1920-05-31

CIass-Won by Amos Davis. School
No 30. 6 70. 3 in; John McRey, II.
4 in; John DOnofrio, school No. B 6
90 10 fO5-lb. Class-Won by Mlllard
Dawson. school No. 2i, 2 10. : In
George BIoy, School No. Z. 6 n. a IN. (;
Wm. Wilson. School No. 4, 6 n. 4 IN.
100 70 i2O-lb Class-WOn b. Law
renee Mcclure. school No. q, 8 n.
> - in: Paul Culver. school No. "a,
: III. 8 81 in; Douglas Shrid,n,
school No. %, II. Z in.
Running Broad Jump - TO 9O-lb
Won by Max Mark0wilz, school No.
Z. 70 ft. 10 in; Arnold Salizm9n-
Finnan. school No. 9, 70 II. 3 3-4 in.
gO 10 iO5-lb Class-WOn by NJ DaW-
so. school No. %. q a.. 10 rs in;
| John Gardecker, school No. 4, i3 H.
| 3 3-i in; GeOrgs Bloy, School No. a.,
.ia5 to i2O-lb Class-won by sam
uel Mcdaniel School No. "a. ij a.
II "a in. Paul Culver. school No q.
| "a II. o in: Lawrence Mcclure,
| school No. "a. "A It. 6 in.
| Running Hop, Step and jump. 60 TO
75-Ib Clsss-W0n by W. Gallagher,
/ school No. q, % n, 2 3-i H.; Fred
IIeAihy, Schol No. "a, p ~. . "a In.
Vim. Fry. School No. 3, % n.
| Chase School No. 4. 26 n. 3 "a m.
II Wallin school No. Z. 81 n. 10 ~
in: Alex Winchester, school No. "a,
Bunnins High Jump, 60 TO 75-lb
Class-Won BY w. Gallagher, school
No. "a. 3 a. Z 81 in; Fred lhTlihy'
school No. 4. 3 n. 7 81 in; +. Win
chester school No. 2, 3 Il.
al 10 fO5-lb. Class-Won by Chas
lRowers. School No. 1, 3 n. > in. Ralph
| reese, school No. 81 3 n. ? IN.
is.. 10 i20-lb Class--Won by Fadl
ca yer. school No. p, 3 ~, IL IN -;
Lawrence Mcclure. school No, n, >
| NJ. 2 in: Douglas sheldon. scno"l
fnlimeied Class-Cletus Finnsn, School
NJ y 3 II. : ia in; Earl liase.
S,nooi No. 4: Jas. Johnson SCHOOL
NJ; R,lanlns Hop. step and Jump, % 70
f05-,D Cisss-Won by Chas. B3wers,
Schoc, No. 1. 2s n. s in; jas Bl5ci,,
way. school No. 4, 81 n. 10 in.i PAU
klenouski. school No. 1, p n. IN
iO5 10 i20-lb Class-Won DY law
rsnce Mcclure. School No. p, 80 T.
8 in. Paul Culver. school No. "a
Doueias sheldon. School No; "a.
shot-put, 100 to i2o-lb Class won
.iby Lafrence McClue.. Scaool no. "a
1a ii. 6 in: Paul Culver. Slnool 10;
l2i. % n. in; Harry katz' School
No. 4, 26 II. 40 10 in.
6n 10 75-lb Class-Won by Horace
Clark. school No. IS. IS n. ! Ia W
Gallagher, School No. %, ii IL. 2 -
in; j. sheppard, School No. 20, i2
n. In.
90 10 iO5-Ib Class-Won by V. Dono-
friO. School No. 3. % n. ia ia. Sai-
saiore dc Mae, School No. "a. - r.
6 i-z in.
Evening journal., 1920-05-31
National Leaauc.
N1nrfIFnn Tfl0Ur.
RACK no nnIIAnns

Kane and Grady Will meet In to-
nights billiard match al Grady's.
The game between DonOhue and
Farley Tuesday night win be worth
while. as nonohue has gone through
the tourney SO FAR without a defeat
and his chances Of winning the title
will depend largely on his showing
tomorrow night.
"Wednesday Paris and Nelson viii
cross cues Paris is a new man IN
the competition and his game with
Nelson viii be his first start
RushWOrih and Mister are scifed-
uled 90 play Thursday night while
Groves and Young viii set together
Friday night
Evening journal., 1920-05-31
nARRIs no MEFr GANs-

Kid Harris, local welterweight who
is fast coming 10 the front In the
pugilistic limelight will so mp against
Panama Joe Cans at WnlamspOrt to-
night. Harris won his last start at
Wnlamsport and made such an i'm
preston on the fans In the Pennsyl-
vania town that he was given the bout
with Cans. Harris has been training
with Ralph Raymond.
Evening journal., 1920-05-31
NEw ARE men WINS.

-TV0IIT 10 Tho TNNnIUE IUNUTHT-
NEWARK MAY N-Thc Newark
High School baseball team defeated
me Calvert. Md, school team Saturday
afternoon by the score OF i3 10 ..
Crompion of Newark pitched a fine
game for The locals and had the visi-
tors at his mercy.
Evening journal., 1920-05-31
INDEPENDENT GAMES.

Wilmington 5; Harlan Giants. &
Worth. IS: 4. l.. o.
Huber. 3; Port Penn, I.
W. G.. T., 8; smyrna. 6.
Ailendale. 3; Harlan Reserves, 4
Clayton, -; Red Stars. II.
Clayton, ~; Red S0z, r..
Blue Rock. 10; Wawaset 3.
WeS1, "a; Y. NJ. &. A., Z.
Liberty. "a; Newport. Jrs.. IA.
ROckland. 3; 81. AIMS, s.
Evening journal., 1920-05-31

ten Innings
Cincinnati p pitishurg ?.
American League
Washington N. Alhictirs > fdrst
game..
Washington o. Athletics o Second
game
New York &. Boston . FIRST camel
New York 3, Boston Second
gsmel.
Detroit .. 81 Louis q.
Chicago :. Cleveland nrst game.).
Cleveland 3 Chicago second
esmcN
Evening journal., 1920-05-31
ElNE EXAMPLE,.

SAN FRANCISCO. May 3i-BoXng
clubs here refuse 10 permit Champion
peie Herman 10 box on their cards
unless he agrees to take referee 5
decision. The coast stands put against
nO-decision fights.
Evening journal., 1920-05-31
MAJOR LEAGUE RESULTS
FOR THE LAST WEEK

The weeks record In each league OF
gaines played, won and lost. with
runs, hits, errors, men left on bases
and runs scored by opponents. includ-
ing games Of saturday. May %. fol-
lutNas
Evening journal., 1920-05-31

Few articles are lost forever II the
Want Ads are asked 10 find ihem.-
Evening journal., 1920-05-31
Standlna nf ihe Tcnms
SUBURBAN LEAGUE
Results.

Results.
Richardson Park. Z; Marshalllcn, .
Brack-Ex. I; Newport, 0.
stanton, 10; Elsmere, 6.
Evening journal., 1920-05-31
Standing Of the Teams.
CHURCH LEAGUE.

Results
-. PaurS. -; Union. y.
West, 8; Brandywinc. Z.
Wesley, -; Scott, II.
Evening journal., 1920-05-31
Standing Of the Teams
DEFIANCE TWILIGHT LEAGUE.
Standing Of the Clubs.
schedule for Week.

Schedule for Week.
Monday (morning)-Tenth Ward vs.
MeccacOc.
Wednesday-Third Ward ". Bel
mont.
hursday-BelmOnt vs.. Tenth Ward.
Evening journal., 1920-05-31
TlTfv n KYTNT1TNJf6Yl lN
~ AA4SGly lyIASI 6ly
BASEBALL RESULTS.
NatlonaI Leanue.

National League.
New York. 10. philaI~iphla, 6.
Brooklyn, ). Boston, ,.
Cincinnati >. Pittsburgh, 3
Chicago, %; ST. Louis, 2
American league.
Washlnaon, A. Athletics, 4.
Cleveland. 3. Chicago. q.
Detroit, o, st. Louis, ..
Evening journal., 1920-05-31
CITY LEAGUE.

Results.
Greenleaf. "a; Fairmont. 0.
ST. HedWiq'S, u; Greenleaf, 3.
Defiance, 10; Emerald, Z.
Evening journal., 1920-05-31
tmrrlcnn Ieanne.

Athletics al Boston. a. No. p. m.
Washington az New York a. no. D. m
nctroh 40 Cleveland. a. m. %. no.
Chicago at 81. Louis. "a. m.. y. M.
Evening journal., 1920-05-31
American Lcau1c.
SCHEDULE ron TODAY.
NnlInnal lrnnme

TE|TTTTT|T T7TTTT0|
Boston 40 Philadelphia. a. M. p. m.
New lOrk at Brooklyn, q. m., D. m.
81. Louis ai Pittsburgh. a. m., b. m.
Cincinnati 40 Chicago, "a. m. D. no.
Evening journal., 1920-05-31
ALL-wILMINGTON LEAGUE.

Results.
ParkSide, z; Ninth Ward. I.
keystone. ); NeghbOrhOod, 3.
Eleventh Ward. Z; south side Eden.
Siivcrbrook, 6; Defiance. ..
Evening journal., 1920-05-31
SATURDAY BASEBALL
DEL-MAR LEAGUE.

Results.
Wii-Del. s: Edge Moor. .
New Castle >: Elkton, 1.
Evening journal., 1920-05-31

Standing of the Teams.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
TO DEMONSTRATE
NEW GRADING ACT
Proper Method of Grading
Will Be Explained in
Indiana Cities.
By Associated Press /:

LAFAY ETTE. Ind, May 2O.-
Thirteen meetings 10 demonstrate
the proper grading OF grain under
the new federal grain grading act
will be held at number OF diff
ferent towns and cities, starting on
May "a and ending June 3. All OF
the meeting will be at 1890 O'Clock
I'm the afternoon except two. which
come in the evening. at Greensourg
and at Lagrange. The complete
schedule follows:
Rushville and Greensburg, May
"a; Columbus. May %; Blooming
ton, May 26: Evansville, May %;
Terre Haute. May 2S; Vincennes.
May %; Button. June !; Auburn.
June .; Lagrange. June 2; Laporte.
June 3; Rensselaer,. June 4; Craw-
louisville. June ).
The meetings will be under the
direction OF the federal supervisor
II. a RhOades indianapolis, with
the agricultural extension depart
ment OF Purdue university and the
Indiana Grain Dealers association.
cooperating.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
BEYER NOMINATED
As GRAND MASTER
OF ODD FELLOWS
By Associated Press

INDIANAPOLIS. May 2O.-Otto
A. Boyer, of South Bend, was nomi-
mated for grand master without op-
position at the closing session today
OF the eighty-fOurth annual meet
ing OF the grand lodge, Independent
order of odd Fellows of Indiana.
George r. Hershman. OF Crown
Point, was nominated for deputy
grand master. Election OF officers
will be held at the November met
ing of the grand lodge.
resolution TO change the meet
inEs OF the lodge from the semi
annual gatherings TO annual sessions.
was voted down.
Mr.. Boyer who resides at 625 s.
Eddy St, has been deputy grand
master Of the grand lodge for the
past six months He will continue
in this position until the November
election. According to the custom
Of the order nominations are made
at the spring meeting for the cleo
tions held in the following fall. The
nomination Of Mr.. Boyer for the
office OF grand master practically
assures his election as there was no
opposition TO him.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
(CoNTINUED ON PAGE FoURJ
REBELS THREATEN
OIL PRODUCERS
New Government " a n [ s
Prompt Payment of Taxes,
Report Says.

WASHINGTON. May 20-An i'm
piled threat by the defacto govern
ment OF Mexico TO force oil produc-
ers 10 make prompt payment Of ex-
port taxes was revealed Thursday in
a belated message from the Ameri-
can embassy at Mexico City 10 the
state department.
The department of finance was
quoted "a ruling that the taxes for
March and April must be paid with
in five days after May 13 and that
no extension would be granted. The
department added. however. that
the companies would be expected
To comply with recent decree OF
the Carranza government almost
doubling the amount. but might pay
the March-April assessment in ac-
cordance with the tariff fiXed Tor
January and February.
The largest oil companies have
not paid the taxes. but neither their
representatives nor the state d.
partment received notification OF
any punitive action taken 10y the
Mexican authorities.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
SEN. OWEN SEEKS LIST
OF ALL PROFITEERS

By Associated Press
WASHINGTON, May 20.-The de-
partment OF justice was asked in a
resolution Thursday by Sen. owen.
democrat, Oklahoma. for all facts,
figures and data and information
relative 10 profiteering. The resO-
luton, which was not discussed,
called for a list of all corporations
which made more than Is percent
OF their capital investment in the
last year. a two year embargo on
the expectation of sugar was pro-
posed by Sen. McNary. republican.
Oregon. Violation would subject
exporters TO a fine OF $4,000. and
ships carrying away sugar would be
forfeited.
In the house creation of a gov
ernment commission 10 fix maxi
mum prices Of necessities was pro-
posed in q bill by Rep. Fuller, re-
publican, Massachusetts,.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
INCLUDE TAX LEVY
IN RELIEF BILL
House Committee Force S
Adoption 10 Per Cent
Retroactive Tax.


WASHINGTON. May 20.-Ihe
soldier relief bill was reported out
Thursday by the house ways and
means committee after il had voted
to include a 10 percent stock divi-
dend tax retroactive 10 March Is,
as part OF the plan for financing the
legislation. Republican leaders plan
to bring the bill before the house
Saturday.
The final committee fight centered
about the stock tax. ten democrats
reinforced by ten republicans sue
ceeding by margin OF one vote in
forcing adoption OF the levy. By
the same vote the committee by n
motion blocked elimination OF the
tax. and after considerable Jockey
ing ordered the bill reported by a
vote of Il 10 10.
As the mca sure viii come before
the house IL viii provide five new
tax levies amounting 10 more than
$500 O0O. 900 a year for the next
three years. Besides the stock tax.
the levies include increased taxes on
tobacco and incomes. real estate
sales. and stock and grain exchange
transactions in futures. Revenue
thus produced would be used for
paying a cash bonus 20 former
service men or at their option i'm
aiding them 10 obtain homes. farms.
vocational training or paid up in
surance.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
DANCE WILL CLOSE
BAZAR At ST. MARYS

The nine booths at the St Mary's
bazaar were things Of the past,
Thursday afternoon, and the floor of
the gymnasium was prepared for a
dance, given Thursday afternoon 10
the members Of the upper classes
at Notre Dame and St Marys.
A large amount Of business was
transacted at each one Of the booths,
according TO the reports of the booth
attendants. The parcel post was dec
Grated In red, white and blue bun
ting and American flags with red.
white and blue electric lighting. The
novelty booth was decorated in Law
ender draperies and wistaria bios
SONS. The candy booth was dec
Grated with Notre Dame colors and
pennants. The fancy booth was dec
Grated with pink and green dra-
peries and sweet peas. ST Marys
colOrs - blue flowers and daisies
adorned the prize booth on the
stage. The tearOom was fitted up
like a Japanese trellised garden The
flower booth was adorned with fresh
cut flowers and corsage bouquets
Even the soft-drink stand was beau
titled with lavender and pink and
roses.
Complete proceeds which will go
toward the building of an audito-
rum and dOrmitory for students at
ST. Marys. will be announced later.
Names of purchasers OF the silver
tea service set cedar chest and 9TH
er items will be given out in the
near future.
Friends Of St Mary's from South
Bend who assisted in the work OF
the bazaar are as follows. Mrs. ".
G.. Crabill. chairman Of the commit
tee; W. Holland. T. A. Olney, @. 4.
Farabaugh. J. Greif. .. Stevenson.
J. VI. Stephenson, ". O'Brien, VI.
D'Bricn. J. Young. J. Clauer. j.
Reynolds. r. Ston, r. SenseniDh W
Benitz, +. A. Denrs, j. DeLOrenzi. j..
T.. Neff. n A Elbel Mrs. ". Hagerty.
Misses Helen Holland, ID. Schabel.
Maude Weber. y. Carr. A. Kreugcr.
L. Van Dusen: Mcssrs John Lc
Haven. Nelson Jones. y. KuehnS. !.
Klinger. z. Murphy. W O'Kcefe
". CrabiI. +. A Dennis c. Lancas-
ter. .. stevenson, -. Clauer. j. Nc
Cormick
Sale Of the light six AUTOMOBILE.
the gift Of Studebaker corporate
was postponed until after the alum
nae meeting in June.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
PRICE or WOOL DROPS
At BIG AUCTION SALE
By Associated Press


BOSTON, May 20.--The price or
wool sIumped Thursday, a break OF
from 10 To 20 percent occurring at
the auction sales conducted here
under the auspices OF the British
government. Only seven mills took
part in the bidding. and but thirty
percent OF the wool offered for sale
was disposed OF.
Buyers were agreed that the peak
of high prices for wOOls had passed.
According to the Commercial Bull
Ietin. an authoritative organ OF the
wool industry in this country, the
drop in prices reflected cancella-
tions OF orders for goods, delays In
transportation and declines IN the
Liverpool and London markets for
raw wool.
Manufacturers representatives at
the sale told OF the return OF goods
To- the mills IN many cases, prtn-
cipallv woolens OF cancellations OF
other orders now in the looms and
OF consequent Curtailments already
under way. Some plants have dis
continued overtime work, others
have suspended night operations.
and a few have reduced work 10
four or five days a week.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
MOTOR PARADE A
LARGE SUCCESS
Morris Tractor Carries Mes.
sages for Mayors Carson
and Gaylor.

South Bend and Aiishawaka mo-
tordom observed Ship by Truck and
Good Roads Day. Thursday with an
interesting parade which showed to
what extent industry here is becom-
ing motorized.
All OF tho attractions promised by
J. G.. Barber. marshal OF operations.
were in line, although It was neces-
sary to extend the line of march Of
the parade somewhat 20 allow the
giant tractor-trailer sent here by E.
NJ. Morris & Co. OF Chicago, to par
tic!pate.
The I5-ton refri3trator car LEFT
Chicago at $50 o'clock last night
and would have been here IN plenty
OF time for the parade had IL not
been for the fact that they were
unable TO pass under the viaduct at
Valparaiso. and had 10 dctour.
Mishawaka and Back.
After the 100 trucks and passenger
cars had circled the loop from South
Bend 10 Mishawaka and return. the
truck division drove out Lincoln
way w, and net the Morris truck.
The division then held a little
parade all its own. at the conclusion
OF which the driver OF the tractor
delivered messages from + NJ. Nor
ris. head OF the packing company.
10 Mayor 0ayIor OF Mishawaka and
Mayor CarsBn Of South Bend
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
MARY GARDEN
TO SING HERE
IN NOVEMBER
Consolidated Amusement Co.
Announces Engagement
of Opera Star.

South Bend may look forward to
a series OF concerts, recitals and pos
sibly grand opera on a metropolitan
scale next season as the result Of
plans which have just been perfect
ed by the Consolidated Amusement
Co, the organization which has just
acquired control Of the Bob Jones
tabernacle on the river front
Mary Garden is the first Of the
great operate stars 10 be definitely
booked for appearance in the tab
crnacle. She will give concert
there next November. This definite
assurance was given last night by
Merle Ar1nitage, concert manager.
who also announced that Sousa' :
band has been engaged for a concert
in October.
Two Important Bookings.
Two other important attractions
are possibilities. Schumann-H Heink,
cOntraltO, may be secured for a con-
cert this spring. If she can be in
duced to give any extra recitals her
management has given assurance
that her appearance shall be in
South Bend.
which is i'm effect the Metropolitan
opera company of New York, the
scenery, costumes company of 120
and orchestra of 65. being borrowed
from the New York management,
may give a performance here next
October. The company is 10 make
n tour to the Pacific coast and If the
tabernacle can be arranged to ac-
comm odate opera an engagement
likely Will result. Scott, himself,
heads the cast and the support is
entirely from the regular New York
company.
Details OF the transfer of the tab
crnaCle have been completed, the
money paid and the keys turned over
to the Consolidated Amusement COM
pany. s. W. Pickering. treasurer, is
in active charge of the amusement
Company's program.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
STATE LAWMAKERS TO
MEET IN SOUTH BEND
FOR NEXT CONVENTION

South Bend was selected by the
State Haymaker's association Of In
diana, which met "Wednesday, in its
2Sth annual convention in Indianap-
oils, as the 1921 meeting place of
the organization.
1t was through the efforts Of the
four delegates from South Bend,
namely S. L. Smith, n. w. Van
Buskirk, Albert Berlick. Charles
Shleehaus, that a departure from
the custom OF holding the meeting
in Indianapolis was adopted.
The convention will be held May
Is. 1921.
s. l.. Smith, of South Bend. was
elected national representative to at
tend the National Association OF
Haymaker's convention which VIII
be held in Syracuse, y. Y, ARst
21
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-21
BANKERS WAR ON
HIGH PRICES HAS
AFFECT ON MARKET
Stringent Credit Conditions
Causes Stocks and Bonds
to Fall.
BY Associated Press /:


NEW YORK, May 2O.-The bank
ers' war on high prices, declared at
the behest of the federal reserve
board Thursday brought another
wave OF liquidation in the securities
market
Primarily induced by the country
wide stringent credit conditions. this
wave caused many stocks and bonds
TO fall to still lower quotations for
the current movement.
Bargain Hunters Active.
Support Of n substantial charac-
ter was forthcoming, however, and
bargain hunters also were active in
the more popular issues. AS a re-
suit prices rallied vigorously before
the close. liberty bonds and victory
notes sharing largely in the recov-
cry.
Prominent bankers and brokers.
although inclined 10 refer to the
OF hysteria," nevertheless declared
values OF many standard railroads
and industrials have in no degree
been impaired by the higher rates
for money. They asserted that, on
the contrary, representative securi-
ties have been on a sOunder founda-
tion by the action of the federal
reserve board and banks acting in
conjunction with that body. Re-
ports from leading industrial and
commercial centers were again to
the effect that credits were contarct-
ing, but as far as could be learned,
this condition was due in great meas
ure to the railroad blockade, which
has tied up vast amounts of money.
Movement Gains.
~ -
came assurances that basic financial
conditions all over the country offer
no occasion for apprehension. In
the words OF a leading financier. the
present movement is largely in the
nature OF a necessary readtustment
OF values. including commercial and
Industrial inventories" and while
Wall street was seeking to adjust
itself to the new credit conditions,
the price slashing movement seems
TO be gaining ground among New
York retailers, who continue to ad-
vertise their wares at reduced prices.
An official of the merchants asso-
citation said he believed there was
a decided tendency to reduce prices
here in the retail market. although
this was hampered by the freight tie
up which is causing a shortage Of
supplies 10 the dlStr1DutOrS. he SAID
this reduction in price was notice
able over and above the reductions
made on clothing and department
stores incident TO the cleaning out
their spring stocks.
Wave Anticipated.
William Fellows Morgan, presi-
dent OF the Merchants association.
in discussing the same subject, said:
The reduction OF the prices OF mer-
chandise which now seems TO be
prevalent through the country has
been anticipated. Ii was inevitable
as one Of the steps of deflation
which We must 20 through in order
to regain normal conditions. The
necessary preparations for the
shrinkage of values. which really
means increase in the value OF the