Merchants Cut Prices Amid Overstocks Across Nation
Reports of widespread price cuts sweep the country as department stores announce reductions from 26 to 50 percent. Shoes and ready to wear items see deep discounts, with 20 to 30 percent cuts on silk shirts and suits. Dentists and other sellers join in, as stores in Indianapolis Terre Haute Fresno and Omaha lower prices to clear overstocks ahead of anticipated declines.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Omaha
Indianapolis
Terre Haute
Ind
Pacific Coast
Sald
Fresno
Cal
Stringent Financial Condition Evidenced
New York May 19 stringent credit conditions triggered broad selling of Liberty bonds and Victory notes with prices hitting low records. By noon about 20 million par value traded as new discount points were set on various Liberty issues and Victory notes amid heavy liquidation nationwide. Washington May 19 the federal reserve plan aims to curb long term loans and unnecessary borrowings as bankers pledge to cooperate to deflate national finances and Harding supports liquidation of superfluous loans.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Liberty
Victory
Stock Exchange
Washington
Federal Reserve System
Reserve Board
Lov. Harding
Progressive loan rates established by banks in Denver
Progressive rates set by banks in Denver after Federal Reserve denial to rediscount automobile paper. Banks raise minimum loan uses at 7 percent and add a progressive increase for each one third advance over the minimum loan amount, aiming to curb large merchandise loans.
MENTIONED IN THIS ARTICLE
Associated Press
Denver
Federal Reserve Bank
Soldier Bonus Opposition Stirs Treasury Chief
May 19 Henry Morgenthau Jr opposed any soldier home bonus regardless of funding saying new treasury obligations would be unwise and urging Congress to seek other revenue. In Houston reports claimed Carranza was captured and offered safe conduct to Vera Cruz if he departs Mexico at once though unconfirmed.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
the Treasury
Houston
Fordney
House
Ways and Means Committee
Treasury
Congress
Tex
Carranza
Vera Drug
Mexico
Downward trend believed permanent in retail prices
United Press reports a definite downward trend with 15 to 20 percent cuts across general merchandise as slackening demand and tight money strain buyers. Merchants sell Liberty bonds to finance operations as overstock grows and national sales spread. In Youngstown Ohio a major downtown store announces a 20 percent price reduction on nearly all goods.
MENTIONED IN THIS ARTICLE
United Press
New York
Associated Press
Youngstown
Ohio
Baruch Warns on Danger of Price Rebound
Bernard M. Baruch says price cuts in clothing signal a nationwide buyers strike at high prices. He warns a broad deflation could trigger a rebound if prices fall too far, noting the limit of high prices has been reached.
MENTIONED IN THIS ARTICLE
Baruch
United Press
Washington
Bernard M. Baruch
Stringent Stock List Hits New Low Mark
New York May 19 The stock market flat showed new low records for the present decline in prices. Steel common fell to 91, below February's low. American Woolen sold at 102, down 18 points from February. Pan-American Petroleum dropped six points, reducing large speculative holdings.
MENTIONED IN THIS ARTICLE
New York
American
Pan-American Petroleum
Washington
May Corn Falls on Trade Board Amid Broad Declines
Chicago on May 10 reports show May corn dropping nine cents on the board of trade as declines spread across commodities. Increased receipts and favorable weather bolster the downward trend, with continued reports of weaker prices influencing traders.
MENTIONED IN THIS ARTICLE
United Press
Chicago
Board of Trade Today
Carranza Captured and Offered Safe Passage
Houston May 19 Official reports say President Carranza has been captured and given safe passage out of Mexico. General Obregon arranged passports and ordered Carranza to depart immediately, according to oil company sources in Houston.
MENTIONED IN THIS ARTICLE
Houston
Carranza
Obregon
Mexico Ce
Report Orders Probe of Campaign Spending By All Presidential Candidates
The Senate SUKI Committee approved a favorable report on the Borah resolution demanding a full investigation of all expenditures by Republican and Democratic presidential candidates and the contributions raised for them.
MENTIONED IN THIS ARTICLE
Associated
Pertinent Program for State Chamber Meeting Here
A two day convention plan outlines a state Chamber of Commerce formation with sessions at the Chamber of Commerce headquarters and Chef of Commerce upstairs. Gov Carey and other officials headline talks on irrigation health and infrastructure with forums at Henning Hotel and a Saturday program including a Deep Waterway discussion.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
Charles B. Stafford
East Second Street
Chef of Commerce
Henning
Ovense
Ben F. Pelton
de Servare
Itmore Peterson
Greeley
Cole
Samuel L. Wilson
American City Bureau
Chicago
UL. B. Hastings
Chugwater Chamber of Commerce
Charles R. Hill
Cheyenne
Wyo
Casper Chamber of Commerce Open Forum
Henning Hotel
Wyoming
Robert TD. Carey
L. A. Reed
Midwest Refining Company
Casper
J. F. O'Donnell
Stute Magazine
Donald Ashton
Laramie Council of Industry
Laramie
J. B. Grimfith
Burke H. Sinclair
E. C. Brandenburg
Western National Life Insurance Company
H. H. Holmes
Johnson County Commercial Club
Buffalo
Earle D. Holmes
L. B. Hastings
Chugwater Commercial Club
Charles Ft. Stafford
Casper Chamber of Commerce
Frank J. Wiffler
Seoertary Chamber of Commerce
Great Lakes
Lawrence Tidewater Association
State of Wyoming
Frank C. Emerson
McAlmon
Midwest
Standard Rofinartos
Jobbers Price to Merchants Not Yet Down in Casper
A Casper buyer says merchants will delay unloading to avoid a price drop as banks call in loans. He notes late price-cut reports stem from tighter credit, while Casper merchants have ordered fair goods at or above last year’s prices. Only summer goods show a decline. fall clothes demand remains high and wholesale markets grow erratic with expected declines as competition tightens.
MENTIONED IN THIS ARTICLE
Casper
East
Strike losses of year mount into billions
An incomplete list of direct losses due to strikes in 1919 places the cost of labor in wages at nearly 725000000000 and to industry at over 1126000000000. Francis H. Simon, vice president of the Guaranty Trust Company of New York, told the National Association of Manufacturers here today.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Francis H. Simaon
Guaranty Trust Company of
National Association of Manufacturers
Mead Chosen Bishop at General Conference
In Des Moines on May 19 the Methodist Episcopal general conference elected Dr. C. L. Mead of Denver as bishop on the ninth ballot. Frederick T. Keeney of New York and TH. L. Smith of Detroit were also elected bishops. T. P. O'Connor becomes the oldest serving member of the House of Commons.
MENTIONED IN THIS ARTICLE
Associated Freas
Des Moines
Episcopal Church
General Conference
C. L. Mead
Denver
United Press
Frederick T.keeney
New York
TH. L. Smith
Detroit
T. P. O'Connor
House of Commons
League to establish Geneva as headquarters and urge armament compliance
Rome May 29 The council of the League of Nations designated Geneva as the league headquarters and stated that joining states must meet armament regulations prepared by the league commission. The council has asked President Wilson to convene a meeting of the general assembly.
MENTIONED IN THIS ARTICLE
Geneva
League
Wilson
United Preas
Rome
Council of the
League of Nationa
Geneve
League Commission
General Assembly
Outlaw Strikers in Chicago Denied Audience by Board
The United States railway labor board refused to hear wage increase requests from John Grunau of the Chicago Yardmen's Association and allied groups who have been on strike defying orders from the national railroad brotherhoods. Judge R M Barton stated the board cannot hear disputes outside its lawful authority and will not hear cases from parties disregarding the law and board rules.
MENTIONED IN THIS ARTICLE
Chicago
United States Railway Labor Board
John Grunau
Chicago Yardmen’s Association
National Railroad Brotherhoods
R. M. Barton
Wilson Signs Army and Navy Pay Measure
President Wilson signed the army and navy pay bill authorizing temporary pay scale adjustments for enlisted and commissioned personnel with plans for permanent legislation to follow.
MENTIONED IN THIS ARTICLE
Wilson
Associated Press
Washington
Army and Navy
Hanson Parachute Stunt At Casper Aviation Field
Parachute daredevil M Hanson and pilot Bert Cole stage a dramatic stunt near Casper this evening. The event begins soon after six with a daring jump from an airplane at an altitude exceeding 5 000 feet. Spectators may reach the aviation field by taxi under union arrangements with reasonable charges.
MENTIONED IN THIS ARTICLE
Bert Cole
M. Hanson
Casper
Cole
Casper Aviation
Hanson
Bond Thief in Boston Dies During Wyoming Search
Boston May 19 Information received by police indicates the search for Oscar Jeaseman former messenger of the Old Colony Trust company who disappeared with 20000 of the bank funds on January 14 ended with the death in Wyoming of a man known as Fred Gordon. Telegraphed description and fingerprints match Jeaseman who was 22 years old.
MENTIONED IN THIS ARTICLE
Oscar Jeaseman
Old Colony Trust Company
Wyoming
Fred Gordon
Jeaseman
Jeouseman
Frank Timm
Robbers Break Wall Vault at Bank of Simla
Robbers entered the Bank of Simla forty miles east of Colorado Springs by cutting a brick wall and knocked off the vault door combination. They escaped with 100 safety deposit boxes believed to contain about $5,000 in securities.
MENTIONED IN THIS ARTICLE
Colorado Springs
Bank of
Simla
House Set to Vote on End of War Friday Belief
Republican leaders reached agreement on the peace resolution and tentatively plan to call it up Friday for final action in Washington. Sir Auckland Gedden the new British ambassador in Washington is noted as an exceptional college diver with athletic prowess.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
The
Home Today
Auckland Gedden
Wad
Brussiloff to Lead Russ Reds Head of War Council
General Alexia Hirussiloff, Kusailen military leader, has been elected head of the soviet war council and has assumed virtual supreme control of Ruwmian military affairs. Lenine and Troteby are relegated to secondary positions in army conduct.
McAdoo Chosen by Washington Democrats for President
Spokane May 19 The Washington delegation to the national democratic convention unanimously backs William G McAdoo for president announced today after a cautious vote by the delegation.
MENTIONED IN THIS ARTICLE
United Press
Spokane
Washington
William G. McAdoo
Coal supply at low ebb amid large shortages
Chicago May 19 The coal supply has reached its lowest mark in recent history due to freight congestion and car shortages. Practically all coal received is rushed to manufacturing plants and orders for homes are not being accepted.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Deulera
Missouri River Flood Recedes After Severe Damages
The Missouri River is rapidly receding and flood danger has passed. Many families returned home as damage totals reach several million dollars. The disaster, the worst in 18 years, caused widespread impact across affected areas.
MENTIONED IN THIS ARTICLE
United Press
Omaha
Missouri River
Sears
Slade Named Casper School System Superintendent
A. A. Slade of Cheyenne state commissioner of education becomes Casper schools superintendent at 5500 dollars yearly plus 300 dollars for car expenses. Announcement notes the selection followed this weeks school board meeting amid many applications. Slade will start August 1 with his family and leads Wyoming educators in salary rankings.
MENTIONED IN THIS ARTICLE
A. A. Slade
Cheyenne
Casper
Slade
Brady
Higdfeet
Wyoming
Sheridan
Laramie
Meyer brothers drugplize case prompts Davia visit
Davia represents efforts to prevent the Meyer brothers drugplize as Loula, Missouri, plans a call to support local trade during a busy visit.
MENTIONED IN THIS ARTICLE
Davia
Meyer Brothers
Loula
Also Mentioned on This Page
U.S
C. C
C.L. Mead
Denver Church
Aviation Field
Landing Field
Boston
Brussiloff
Russ Reds
Lenine
Trotsky
M’adoo
Missouri
Banks
Casper School System
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