San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-09-08
Officials Deny Henry Has
Anything Up His
Sleeves"
JAPAN BUYS SUPPLIES
First Relief Ship on Way
to Orient With Tons
81, 4. of Wheat.
Ry j. c. ROYLE

Copyright. by the San Antonio Light.
New York, Sept. S.-Within the
last week, the Chevrolet and WHY'S
Overland companies have practically
invaded the Ford price field, as re-
suit of cuts in the prices Of thc.r
models.
These cuts bring the prices Of Over
land and Chevrolet touring cars with.
. in a little more than 500 of the Foft
touring car price, while the differentiai
in the case of the Ford four-doOr
sedan is only $50, the Ford model
selling at $125 and the Overland and
Chevrolet sedans at, S195.
Ford officials. when questioned TO-
day about possible action in conncc-
ton with these cuts declared they
had nothing up their Sleeves and so
far as they knew the Ford prices
would stand.
The automobile business from the
dealers standpoiRt has held up re-
markably well during the last two
months according TO manufacturers.
Retail sales III Cleveland, for ex-
ample, aggregated 5000 cars in Au
gust, a total surprising that of any
other August in the history of the
trade.
Japan Buying Supplies.
Dealers in the. South and West
who have been able to get new models
promptly also have had the cars taken
off their hands at record speed.
Japan is not depending alone or
outside assistance for immediate re-
lief to her stricken inhabitants.
The first credit for the purchase of
food supplies has just been placed By
Kobe merchants with the Seattle
: branch of the Yokohama Specia Bank
Ltd.
This credit amounted to enough to
purchase at least one large cargo o.
Washington wheat and it Is expected
the individual japanese merchants
will follow this initial purchase with
other similar orders. The fact that
Japanese merchants, brokers and I'M
porters of Kobe and Osaka have been
able so quickly to resume information
nj financial transactions providin.,
means for the resumption of trade, lis
regarded as an excellent sign b.
American markers.
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 366,666 bushels of wheat at
Portland, Ore, Thursday and is now
at sea.
The cargo. which is valued at $500.
600 was sent by Mitsul 4 Company,
international trading and banking
firm.
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 possible rush of bust
ness.
No New Bedford or Fall River
mills are reported to have received
it is certain that relief needs will in
clude clothing and especially under.
wear.
The Red Cross. it is expected. will
require quantities of sheetings, sheets
and pillow cases.
This should start additional wheels
turning in New England.
In the wool and wooden trades. tn;
removal of Japan temporarily as a
factor. it is felt. is being counter-bal-
anccd by the falling off in the demand
for light weight cloths for mems wear
Silk Situation Chaotic.
New York silk men indicate their
belief that the silk supplies of Japan
had not been reduced more than rs
per cent. but it is admitted the silk
situation still is chaotic.
Manufacturers state that with sup
plies for from six weeks to two
months available in this country, i'm.
ports from Italy and China may EN-
able them to tide over for from three
to four months by which time fres1
supplies should be coming from Japan.
''Ali OF this will be attended by great
uncertainty jas TO prices both for raw
materials and finished goods, Charlie.
Cheney of Cheney Brothers, silk
manufacturers said.
1T will be many months if not years
before the consequences of this ca
tastrophe will have ceased to embar-
rass us.
II hope raw silk dealers and man
ufacturers will not indulge in what
is called profiteering.
'On the other hand. it is inevitable
that this situation cannot be met
without a material addition to costs
which must be met by higher price
level"