Arizona republican., 1920-05-21
ALL DON'T ACREE TIME IS HERE FUR
 PRICE SLASH|NG
But Another Big Store Here Joins Movement to Cut All Prices and Trust to the Future to Renew Stocks

Phoenix merchants are not a unit in declaring that the time has come for a general cutting in prices from the uniformly high ones which have been in effect for some time. There are those, too, who doubt the sincerity of John Wannamaker who at his New York and Philadelphia stores about two weeks ago started the price-cut- ting. They insist it is merely an ad- vertising campaign.
 There is no fundamental reason" " said the manager of large Phoenix store yesterday, sswhy the merchants of Phoenix should sacrifice their stocks of merchandise. Every indica- ton points to the fact that the situa- tion is a false one, created solely by an advertising campaign of several large eastern concerns and not through any break in market prices.
 With the exception of the silk mar ket. which broke fully 50 per cent, the general trend of other commodities has been to continue upward. The average reputable merchant is not a profiteer and is not responsible for the present nigh prices. As to the cost of goods to the retailer there does not seem to be any likelihood of a reduction for some time and I firmly believe that this price cutting movement will end when the present stocks of these mer- chants are exhausted"
 Boston Store To Fall in Line
 This price cutting movement will afford only a temporary relief for the public,@ stated Ed C. Carter. manager of the Boston Store, yesterday. sThe Boston Store, nevertheless, is going to fall in line with the spontaneous na- tion-wide movement and offer it's stock at sacrifice prices, in fact, much of it's merchandise will be sold at less than present cost of replacement. How ever. I firmly believe that the move ment will be of short duration, and when the replacement period arrives prices will return to the old standard.
 We have no more power to reduce prices than our customers have, ex- cept insofar as our willingness to helr the situation by sacrificing the prof. it's to which we are Iegitimately en- titled, and that is exactly what oul firm has decided to do to a very. con- siderable extent" Mr. Carter added
 Korrick's To Offer Stock
 "The entire move to reduce the price of various articles of merchandise is aimed at the source of production.' said Abe Korrick of the firm of Charles Korrick and Brother. last night ir speaking of'the steady sweep of price reductions throughout the country.
 "John Wanamaker, the merchant prince of America. was the man who started itr he continued He saw that in order to stop the slSyrocletine of prices something must be done. He believes that if prices are reduced by the retailer and that if all advance orders are cancelled and merchants will practice buying only from montI to month, that manufacturers, rather than keep their factories idle, will be forced to reduce prices.
 Every good retailer sees this anC realizes that the people are refusing tC pay high prices. We all realize tha' in order to get the public to purchase goods we must cut our profits to tn, minimum.
 We are willing to place our entir stock on sale and take a chance on re placing it later on. Tn doing this VI VIII be following out the policy of tn National Retail Dry Goods associa