The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1920-09-25
TAKE
BIG SLIDE
DOWNWARD
Food, Clothing and Other
Commodities Take Fall:
Rents Only Exception.

Washington, Sept. 25.-(United
Press.)-Approximately two hun
dred forty-eight articles of food,
clothing and manufactured com
modities have been forced into
the retail and wholesale price
slashing movement. spreading over
the entire country, according to
government reports today. Retail
pricesaof 48 commodities have been
cut. according to list compiled by
the labor department.
Wholesale prices of approximate
ly one hundred fifty commodities
have slumped from / to II per
cent.
In addition the commerce depart
ment average export price lists
show slumps in "a out of so COM
modities listed. Scores of articles
OF food and manufactured products
have been reduced for export, al
though they sell at the old prices
in the United States. This indi-
Gates, officials said. these prices
soon will 60 down in the American
market.
Rents Stfl High.
Rents. building materials and fin
fshed dwellings seem the ono ex-
ception to the general price cutting
movement The country is approx
imately five years behind in its
building needs, according to Off
cials Of the United States housing
corporation. Retail price cuts have
been reported in many articles OF
food. shoes. hats and women's and
mems suits; cloths, both cotton and
wo0len. candy and bituminous coal
the latter slumping from 81 to 81
per ton in the eastern states.
Show Decrease.
Groups of commodities IN which
wholesale price decreases have
been reported, are farm products
foods, clothing and cloth and chem.
icals and drugs.
Among articles listed as having
slumped in Wholesale export prices
are: Rice, barley, corn, wheat and
wheat flour; cement, coal, anthra.
cite and bituminous; green coffee
copper, cotton and its products
eggs, fiber, fish, apples. leather and
leather soles, beef, bacon, lard
picked pork, butter, cheese, naval
stores, paraffin. oils, gasoline. silk
starch, sugar and tobacco.
Sheeting Reduction.
Utica, N. Y, Sept. 25.-United
Press.) = Cotton manufacturer
stated today that the price reduc'
ton Of 30 to 40 per cent, made pub
lie yesterday, referred only te
yarn. The average reduction OF
sheetings was 10 per cent.
Cheaper Menus.
St. Louis, Mo, Sept. 25.-(Unitet
Press. .)-Thefe will be an immedi
ate reduction in the bill OF fart
prices in the hotels and restaur
ants of st. Louis.
This was agreed to last night a.
a joint meeting of the members o.
the Hotel Mems association ant
the St. Louis Restaurant Associa
ton, held at Hotel Statler.
Prices of food containing corr
and wheat, meat orders and vege
tables will be the first to be re
duced. Other reductions will fol
low.
The associations spokesmen de
clared that as prices Of supplies
continue'their downward trend 9th
er and more radical reductions arr
to Pe made.
Producers Lose.
Washington, Sept 25.-(Unitet
Press. Prices paid producers o
leading fruits and vegetables hav'
gone so low the producers are actu
ally losing money, the department
of agriculture announced today.
Wholesale prices for these crop
have also gone down, the depart
ment said. Retail prices. however
were not included in the survey o
the department.
The violent price drops. the de
partment said, were due 10 tn
abundance Of leading produc
crops. That the drop should b.
permanent was shown in the state
ment that there hould be q sur
plus equal to the most active de
! mand that can be developed" An
other reason for the decline wa
that prices generally are tobogan
ming. This is being felt by abou
all commodities, according to gov
eminent reports.
Chicago. Sept 25.-The Farmers
National Grain Dealers association
reported that q QUESTIONABLE show
ed farmers in middle western state
were holding wheat for highe
prices.
Kildun sent up . pop hy to Smith
NO RUNS, ONE HIT. NO ERRORS
EVNuMu UVrvvN