Evening star., 1923-09-07
FORD PRICE FIELD
NOW BEING INVADED
Chevrolet and Overland Cuts
Bring Prices Much Closer.
Rush Wheat to Japan.
BY j. &. ROSi.E.

spccia Dispatch to The Star.
NEW YORK, September within
the last week the chevrolet and
NillyS-Ovcrland companies have
practically invaded the Ford price
held as a result of cuts in the prices
OF their models. These cuts bring
the prices of Overland and Chevrolet
touring ears within little more
tprice, while the difference in the case
of the Ford four-door sedan is only
S'O. the Ford model selling at $725
and the overland and Chevrolet
sedanS at $795
Ford officials. when questioned to-
day about possible action in connec-
tion with these cuts, declared they
mad nothing UP their sleeves and
that SO far as they knew the Ford
prices would stand.
The automobile business from the
dealers standpoint has held up re-
lparkably well during the last two
months, according to manufacturers.
Retail sales in cleveland. for ex-
ample. aggregated 5000 cars in
august: total surprising that of
any other August in the history of
west who have been able to get
new models promptly also have had
The cars taken off their hands at rec
ord speed.
Japan Buying Supplies.
Japan is not depending alone on
outside assistance for immediate re-
lief to her stricken inhabitants The
hfSt credit for the purchase of food
supplies has just been placed by Kobe
NerchantS with the Seattle branch of
me Yokohama Specie Bank. Limited.
ihlS credit amounted 10 enough to
uuICn.St n 2
washington wheat and it is expected
inc Individual japanese merchants
"iil follow this initial purchase with
Nother similar orders. The fact Jap
anese merchants. brokers and i'm
{ortefS OF Kobe and osaka have been
sIble so quickly t6 resume interna- =
roma fnancial transactions providing
means for the resumption of trade is
regarded as an excellent sign by
American bankers.
Big Cargo of Wheat on Way.
The first full cargo of supplies for
Japan to leave the shores of the
United states is under the matches of
the Kobe Maru. which, completed
loading 366.66 bushels of wheat at
Portland. ore. Thursday, and is now
at sea. The cargo. which is valued
at 100000, was sent by Mitsui &
Co. International trading and bank
New England textile mills have
awakened to the possible effect of the
Japanese disaster to the cotton textile
industry. and mills are speeding up
delivery on old orders and clearing
the decks for a possible rush of bust
ness. No New Bedford or Fall Rive"
mills are reported TO have received
orders for Japanese shipment yet. but
II is certain that relief needs will in
clude clothing, and especially under
wear. The Red Cross. il is expected.
will require Quantities of sheetings
sheets and pillow cases. This should
start additional wheels turning in New
England.
' Wool Trade Little Changed.
In the wool ann wooden trades the
remova! of Japan temporarily as a
factor. it is felt, is being cOunterbal-
Rnced by tn" falling off in the demand
for light-weiEht cloths for mems wear
New York silk men iudica ted today
'sleir belief that the silk supplies of
Japan had not been reduced more than
Etr cent but il is admitted the sill k
Nftuation stiil is chaotic. Manufacture
"..' >t=r" mat with supplies for from
elk weeks 70 two months available in
t'is country. imports from Italy and
china may enable them to tide over
to- from three to four months, by
which time fresh supplies should be
coming from Japan.