Show RICE CUTTING I OVE REACHES lOCAL STORES I tail Clothing ng Costs Take Drop in Many l Katies Salt Lake Merchants Reduction Plan i in oil Join o n other cities from rom tho mea Pacific const coast to the tho river of prIce prIce- caught In tho wave ave S been L retail clothing costs iun In borne bornet ns of or this fact tact are advertisements of local mer- mer t the t n n staging red reduction reductions who are nt in n the case of advertising Ie s and department store that tho the store tore e e. major part of our absorb the III 11 at tho the distil distal dis dis- and place ml pr profits clothing at prices tal til of the public reach within the common at it will wUl be this condition Is s a a. tempo ether hether ther Is of a national nature flurry iry TY ly to according known but bt definitely F r. r Adams Adam of Gardner Adams comy com com- conditions seem to Indicate r the fly y high prices for twelve I hat lt t i been struck and from now on a I. I ma may be expected touT four Citie CUie In Line v According to the wires from Chigo Chi Chi- Chi I from Crom twenty four hyo gO go dispatches ties yesterday tell ten of promised re- re rc j I in certain necessities ranging I om oln 1 1 per cent to minus profit Financial authorities at th the ty 11 82 say that the he indications aro that I jit price decline will be limited to to idy-to wear to clothing principally I omens omen's g garments and silks Shoes I re SUP UI i no IL un t lU n C t U and made made- ill It Is said tight mone money u to transportation facilities are cit cit- among the prime reasons for tho the It me meant nt also It was said at 1 tho the merchants are trying to sat- sat f what what has been termed a n. il 1 demand from the public for lo lower er erlee rices lee FallIng In Line C C. Lewis Lewie manager of Walk- Walk Bros Dr Dry Goods company compan an- an that that Walkers Wallter are one of the In the city to reduce H Ho lie said leVeral eVeral erl e 1 reasons reasons' prompted the 20 O per int ent cut h ch started In silks and ands andas as s then carried to other lines We are falling in linG line with tho movement he said and were we're ut nt to protest to the manufacturers hat it we wont won't stand any more moro rises his may mayor or may not be bo the forerun- forerun er erto r to a R general decline certainly It III Ill be in silks Jr If not n cotton colton an and ool ol The Paris Millinery rr company compary h has hasId S eld elda Id a a. two weeks weeks' sale with sweeping per cent cuts According to Louis i the market i Is lit not nol so o brisk this ear car r as last when man many persons had a aid id d were ere cashing them In tn on othes othes othe It Is the opinion of Mr Simon II at the d decline is coming According to tb Mr i Simon the Paris I lie ile Is due more to the lateness of oC the theon son on a and d the fact that Is I at t particularly brisk rather laher rasher than to toty ty r other reasons The whole season I aI ys has been backward a Price Low Iov Son on j manager of the company compan who recen recently Ur re- re from a R. buying tour In several he l rge east eastern rn merchandise cen- cen 1 ll stated iester that yesterday after can- can tho the stores of oC New e York City I Iring ring tring his trip he he fo found nd prices on I higher there than the they e 5 In the local stores store 1 tin ln Salt Lake he said aRid we e are lUng fling goods goos at much lower prices an an In New York despite the fact It we ve must pay ay heavier freight and press charges Merchants throughout the country re ye re toda today sustaining sustaining- heavy losses rough their price slashing but bul this necessary on account of or the banks lung in loans loane made the merchants Bother flother big factor to be considered is pe e 5 backward spring which ha has left with a n. full supply of ot stock H the shelves It is absolutely Im- Im I I nOve to business that this this mer- mer must be he cleared and for tor this sason azon n the merchants are holding their ummer clearance sates sales now Instead of pier ter in the summer as ass is Ie the usual s 10 LoftS today are aro selling stock I on pa page e H. H PRICE CUTTING WAVE NAVE REACHES SAlT lAKE Continued from page pago 1 part 2 at prices in many man cases below the tho prices quoted b by tho the manufacturers and It does not appear that there will willbe willbe willbe be any Immediate fall In the tho wholesalers wholesaler's whole whole- saler's salers price Unless there Is a drop merchants will loso lose ll hea heavily next fl fall 1 Realf are now selling goods at lower prices than last fall but in practically every line tho the wholesale wholesale wholesale whole whole- sale price has remained the same sarno or higher Tho The only noticeable wholesale wholesale whole whole- sale BIle drop in any commodity Is the fall t fallIn ll llin m n silk and tho reason renson for this Is the panic In Japan the source of ot the toe raw av silk supply Cotton and wool remain firm irm and from present Indications there will be no Immediate decrease In their prices Will vIII Absorb Profit Profits H. H X N. Byrne managing managing- director o of Kelt Keith ien's ns said last night ho has heard beard of ot no concerted price cutting movement mo Daniel S. S Lang or manas-or manager of the tho clothing clothing- department at Z C. C M. M I. I said that it was his ls Is belief beller clothing prices have hare risen to an abnormal level so much so that for th the remainder of ot the tte season the Z C. C M. M L has hils decided to absorb tho the major part art of ot its normal profits in order to place clothes within reasonable reach This ho he said Bald is our protest against abnormally the high prices Our spring purchases from the manufacturers arc are areat at an nn advance ance of ot from 30 to 40 per cent over o our fall all purchases Our fall tall purchases purchases purchases pur pur- chases are now nov 15 per cent over ocr our spring spring- purchases It seems soon If It I tho the retailers make themselves felt feU this kick is bound to get back to tho the manufacturers manu manu- who must know sooner Booner or later that we wont won't stand for tor any ariy v more I advances ces Right now said Mr Ir Adams of ot the local mens men's furnishings company I see no Justification tion for anything anything- other than an excited flurry although I be behove believe be- be hove lieve the top note noto in the high price cry has been sounded and wo we are duo due for tor fori tora a i decline These big per cent cuts throughout the country however cannot can can- not lot be bo lasting lasting- unless tho the merchants wish nIsh to sell at a loss and that cant can't be Je done dono for tor long l nS Goods are costing higher now than ever e before The appreciable appreciable appreciable ap ap- ap- ap cut must come from tho the manUfacture man man- i r. r I Among Among- companies staging staging- sales this I week are arc Walkers Walker's Dry Dry- Goo Goods s company I the Auerbach company the tho Z C. C M. M I. I I the Helen Cox Shop the Paris and Keith Merchants Merchant More ore Cautious An officer of one of or the largest Chicago ChI ChI- ago cago department stores Y f price cutting Indicates a. a tendency to toward to toward ward 1 a reduction in iii In Inventories nt liven l If Ir this Is temporary he said It was wasI good in in that it suggested sug merchants I were going going- ahead more mOIe cautiously Sales being being- conducted under various arlous names are being held in Topeka Kan Seattle Tacoma Portland St. St Louis Omaha Wichita Kan 1 Minneapolis Knoxville Knox and other places 1 Belief was expressed hero here yesterday I that tho the 20 per cent reduction sales salesI I was merely mere 1 a a. trade trl e name for tor a a. sale which meant little more moze than a special special cial dat of an any other name This came from M. M E. E Lipman of ot Cohns Cohn's whose company has Just concluded a s sale l Mr Lipman said that in his Idea prices s could not go 0 any any higher and that merchants are holding back placing placing- orders order orders or or- ders der with manufacturers believing if prices cannot go o higher thero there is a a. possibility pos pos- the they will stabilize themselves es where they are or drop e. e I |