Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-11-07
CONSUMERS SILENT STRIKE
SEEMS TO URGE LIQUIDATION
and Wholesalers Find That
Concessions in Price Cannot be Avoided.
Stock Market Reflects Conditions

assignments and not unwilling To
say so.
Harry V. Haynes. chairman OF the
entertainment committee. has also
been reminded frequently of the eff
forts put forward for the pleasure Or
the guests. but il remained for Rich
ard ). Halves. the late president O.
the American Bankers Association. 4.
make the record acknowledgements
He wrote as follows:
MY Dear Haynes: As chairman Of
the entertainment committee You wcro
huge success, and your committe,
functioned as never before at an
american Bankers Association con
sehtion; Everything went off in
splendid manner. and the cordial hos
pital1ty Of yourself and associate
maze the atmosphere of good fellow
snip ana good feeling prevail through
out the entire convention. The en-
tertalnment was elaborate, success
, anu appreciated by every one whc
vas there. Your untiring EFFORTS wer,
| consumated by success. conrratu
fate you and thank you most heartily
f!ease convey to your ASSOCIATE.
on inc committee my concrafujation
s sno ina INKS for their very successfu'
sincerely yours
n. S. HALVES"
Europe Sells Securities.
IN tunes of tight credit many good
'hinEs so to the bargain counter To-
saeis1y the needs of their owners
americans sold liberty bonds and
ia the year. These sales have Fallen
away as the holders adjusted thci,
a'tdirs 10 the changed conditions or
BUSINESS. says tina lcisi America
a statement issued by tho United
H'eci Corporation shows tina
4 \ nd IlS.fH
shares have S"id aoariy "ana share
| IN three months. Sl:,h sales may h..
rla>sed along wien the Tbc-,, ,o,,t
ana diamond "a H. hero. Nnno al
these sales con u" attributed 30 larl;
o. cohnoeh'e - ~ - iIc Of m. prol-
cry SOLO ON m" contrary. tho sellers
nave been fortunate in investing. in
lproperty that finds a ready market
Europe Is unable to pay for IA nh.
American goods She needs with her
own Those Europeans who po*Sos.
standard American securities find th.,
nave property as serviceablc as Amer
| lean dollars
They are using them sparinsly. -
our export figures show. 1hei- pIr-
chaSeS here are more than ever con
lined to necessities. No flood of En-
ropean selling Of our securities l..
! likely while this thrifty attitude con
tinues. Our securities are valued toe
1
| ingly. They a." I'd in reserve a.
quick assets. IN owners know tina
they can reai!2c rpo1 Americans"
Tor urgent needs . any time in TIL.
markets here
Americans also have been the
gamers in this Sow REIMBURSEMENT Of
her securities. Our investors are still
prohtins by 'Eu-op-'s misfortunes
These sales since 1914 have greatly
increased the financial interest of
America in her own industries. The
transfer Of securities has also helped
TO maintain our export trade. despite
its great excess over imports.
should Europe's production of
commodities and their sales continue
low we may expect continued mar
keting of securities here as Europe's
only means of payment for American
raw materials. fuel and food. Such
sales will not be confined to Amer
lean shares. We can reasonably ex-
pect the needy European to sell to
us any of the foreign bonds or shares
that find ready market on the ex-
changes