Salt Lake Tribune | 1917-11-21 | Page 3 | Think Storekeepers are Saving Pennies

THINK STOREKEEPERS ARE SAVING PENNIES Shortage in Small Coins Causes Action by Denver and San Francisco Mints. WASHINGTON", Nov. 20. Reports that the shortage of i-ccut pieces ha a caused clearing houses in several eastern and middle western cities to determine to issue is-sue paper script to bo circulated locally instead ot pennies reached the treasury today and were met by an immediate effort ef-fort to ship more small coins eastward from the Denver and San Francisco mints. Five million 1 -cent pieces are on their way to Chicago to relieve the shortage in t lie middle west and the movement of small coins will continue I hrouph December to accommodate holiday holi-day shopping demands in eastern cities. Within tho six weeks ending: November 15. 62.6fiit.000 new pennies and 1 5,000,1" 0 new nickels were put into circulation by the treasury. The persistent shortage of these coins, even making allowances for the heavy demand for cents ca used by war taxes, has caused officials to suspect that a number of retail merchants are hoarding "change" for the holiday rush.