The Sun and the New York herald. [volume], May 31, 1920, Page 5, Image 5

About The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920

Image provided by: The New York Public Library, Astor, Lenox and Tilden Foundation

                
3?HE SUN A&D NEW YORK HERALD, MONDAY, MAY 31, 1920,
PRICE REDUCTIONS
A 'SURFACE fflVE'
Underlying Kconoinlc Situa
tion Unclifinfred, Fcilcral
Ilcscrvc Board Says.
Merchandise Here Advertised on Sale Tomorrow, TUESDAY
RADICALLY REDUCED!
Women's
Smart Coats and Wraps
.W Y. OUTLOOK HE VIEWED
h'liarp Decline in Demand All
Over U. S. Caught Mer
chants Not Stocked.
Sptdal U Tne 8i:x am Nr.w Vok ileum.
Washington, May JO. The fervor of
price reductions that recently ran
IhrouBh the Eastern States and spread
over the country was a surface demon
stration and cannot be depended on to
mark a permanent trend In the United
States, according to expert business ob
frvr of the Federal Reserve Board.
In Its monthly rerort on business and
financial conditions the board declares
there lo yet no chance In the underlyms
economic situation and production has
rot cjuglit up with consumption.
It :c iIiiTvr, hewever. there hns bten
a sii'.rp Ctviinc In demand and mer
chants arc not stocked up. It was this
fcltuatlon. -probably Influenced by the
backward ferine, which brought sweep
Iiib reductjons In cloths and other sca
Miiable r.oods.
The board states that "chances In
prices, ss well as In both business and
credit conditions, occurring during May
",ivc -oinc trttneD to the presence of
disturbing factors, whose Importance
Kiid persistence are, however, as yet un
certain. The board Indicates that the present
rrovemc-n: and uncertainties point to a
robable modification of the situation
v.Ith n possible iwrmanent recession of
1 rlws. Conditions In district No. 2 (New
York) are summarized thus:
Trice reductions are noted In retail
s.ores, a considerable accumulation of
Goods awaltlnc shipment resulting from
strikes, a growth In the cost of doing
business, great reduction In securities
p-.ces, but nevertheless a continued
high demand for goods and activity In
tde."
The report continues: "In Iron ami
;el demand has Continued very heavy
and steel mills are booked far ahead.
The ore situation Is, however, not Im
proved. Lake transportation has been
slaw. The railroads can handle only a
b-nall portion of the ore which Is read;;
for shipment A shortage of coal in the
Northwest Is expected. Shipments of ore
Tor April were but IJl.OOO tons, compared
with 1.400,000 In April, 1919.
In Philadelphia District,
"In District No. S (Philadelphia) the
peneral iron and steel market has been
muca quieter lately and buying has
slackened. The level of prices continues
firm. Some mills have been fortunately
situated In possessing a large supply o,
raw materials and orders In practically
all lines are booked for a long time
ahead, so that manufacturers feel that
the present year should be a time of con
tinued .irosperlty. Tills, however, la
largely contingent on the development or
better transportation and Improvement In
labor conditions. Commercial work In
fabricating plants Is active, jind prospects
bright The unfilled orders of the United
States Steel Corporation at the close of
April were I0.5S9.TIT tons, compared
with 9.SS3.0T5 tons at the close of March.
Pig iron production during April de
creased to I.7S9.T97 tons, compared with
S.J7S.90; tons durlr March.
"Coal conditions have been particu
larly Important In connection with Iron
and steel as with other Industries. The
state of things In regard to coal Is now
acute In some districts.
-Demand' for petroleum continues
. - T F nlflshftml nil
strong; aii.wic ia -. -i
f :elds April output was about 10,500.000 j
barrels, or slightly larger man in jiann.
compared -With about 9.000,009 barrels
In April, 1919. Production sti'.l tends
to Increase. Tie California output was
about 2T5.e00 barrels a day, compared
with ZTS.OTO In "March. Stored stocks
have decreased nearly 500.000 barrels.
At the present rate of production and
consumption the stored storks In Cali
fornia will probably be exhausted before
the close of 1921,
"General manufacturing has contin
ued In substantial volume, although un
settled conditions of labor and uncer
tainty on the part of the retail buyers
have had a restrictive effect In leather
and shoes" production la reported by
District No. 1 (Boston) to be low ami
quantities of merchandise extremely
1-lgh.' Prices of leather are down to
fin for. a from n neak of SI. 75 ter foot
Dealers stopped buying about the mid- I
die of May. some manuiaciurrrs nave
had overtures for cancellations and
which have -been refused.
'o Decline- Expected.
"In District No. 5 (Richmond) no re
cession In prices Is expected. Tanners
in District Na 3 (Philadelphia) are not
optimistic about present conditions.
Some tannjers manufacturing for foreign
trade contemplate shutting down. There
Is an insufficiency of labor. Retailers
are restricting their orders for shoes.
Wholesalers and Jobbers are over
stocked. Manufacturers arc receiving
come cancellations.
'Textile production has been subject
to many disturbing conditions. In the
New Bedford district of Massachusetts
textile strikes of some Importance have
occurred. An advance of wages of
about 15 per cent In the principal tex
tile centres of New England has been
announced: High prices for cotton con
tinue with little Indication of a reduc
tion. Spinners, howeer, are cautious,
believing that prices on fine cotton yam
have reached the top. In knit goods,
demand has practically ceased at the
present time. Hood for fall delivery
have been quoted at 20 to 30 pt-r cent
below those of spring. Cotton yarn con
tinues at a high level. "Die outlook
in the trade (for knit goods) Is very
uncertain' but 'many manufacturers
hold to the belief that ordtrs will roon
be placed iri great number."
"Building activity continues well sus
tained in many sections although
seriously ' curtailed In certain districts,
such as Chicago, by the slwrtage of
materials and by Increased prices. From
several districts it Is reported that new
construction Is largely confined to busi
ness building as against construction for
housing purposes.
The labor situation during the month
has been one of the outstanding ele
ments of doubt and difficulty. In addi
tion to intense shortage of ' labor on
farms and' at other points of primary
production, sporadic strikes In many
1 ned o. m-nufacturlng, notably textiles,
have continued to Indicate unrest. Wages
have apparently fallen behind the ad
unce In prices and cost of living. The
movement of labor from the farms to
tSie cities La continuing."
f.O-J to llryn Mwr Fnnil.
A donation of $500.00) has been made
by the General Education Board to
. Brvn Mavr'i tJ.0M.0 endowment fund
4 for professors' salaries. according to an
announcement made yesterday. The
und now stands at H.SOO.OCO and the
J2.OJO.C03 mark trill be reached, it Is con
' dently expected, by commencement
Ly, June 3. . I
Specialists in Apparel
Women's
Overnight
Cases
Special $12.50
Made of black Vachctte,
lined in silk and fitted
with mirror, brush, tooth
brush holder, soap box
and other toilet accessories.
Broadway at 34th Street
Sole Leather
BriefCases
Special $10
Sizes 11 by 16 inches.
Sturdily made, with
either two or three
pockets, extension lock,
hand sewed handle and
outside straps. In Tan,
Black and Cordovan.
Main Floor
An Uncqualed Opportunity
Thousands of Pairs of our Finest
Low Shoes for Women
Eighty distinct styles, in all colors,
all sizes, all lasts and widths
Reduced to
8.00 10.00 and 12.00
These shoes were made expressly for our regular stock,
and at these reduced prices arc unquestionably the
the most wonderful values in New York City.
Women's
Ultra-Smart Silk Wraps
the most exquisite
anywhere to be seen
AT
$39.50
Quite the smartest
wraps for present and
Summer wear. Light
in weight, and delight
fully individual in their
styling.
Fashioned ofTricolet
te, Paulcttc.Tafieta and
Satin, in black, navy
blue, and black-and-white
stripes, together
with the high shades
of the season.
ijfii
$39.50
all made according to our usual very high standard
in the most fashionable materials.
ALL SALES MUST BE FINAL
. Now $15.00
. . Now 25.00
. . Now 38.00
. . Now 45.00
. . Now 68.00
Fourth Floor
Formerly $35.00 to $39.50
Formerly 39.50 to 48.50
Formerly .49.50 to
Formerly 65.00 to
Formerly 85.00 to
59.50
75.00
95.00
$65.00
The Styles
Cross strap pumps, deo ties,
tongue pumps, plain opera
pumps and oxfords with
baby Louis and Louis XV
heels; bow pumps and walk
ing Oxfords, with low mili
tary, or Cuban heels. Each
expertly finished.
The Leathers
Patent, gun metal, glared kid
skin, dull kidskin, brown kid
.skin, white kidskin, bronze
kidskin, white buckskin,
brown and black suede,
brown and black satin, tan
and dark brown calfskin;
and tan Norwegian calfskin.
Second Floor
At $65.G0Silk Duv;7n Wrap.jn,,an cnilrc!y
v new model. Beautifully made in
the desirable draped effect, with smart sleeve effect
and draped collar of soft satin to match. Colors :
Navy Blue, Brown and Black.
Also a large assortment of smart sports
coat's in Velveteen, Polo Cloth, Silk Du
vetyn, Duvet de Laine, Satin and Baronet
Satin. At $29.50 to $58.00. Fourth Floor
FINE
LUGGAGE
r.
For Women and Misses
AT VERY MODEST PRICES
Women's Cowhide Suit Cases, fitted i
with ten-piece ivortiis set, and beautifully
silk lined. Special i
Cowhide Suit Cases for both men and J
women. Exceptionally well made. " Sires
24 and 26 inches. Illustrated Special )
Cowhide Traveling Bags- full leather )
lined. Sizes 16 and 18 inches. Special
Women's Black Enamel Hat Boxes j
with two hat forms. Sires 18 and 20
inches. Special )
Short Trip Trunks, covered and lined' )
with Hard vulcanized fibre. Sire 36 .
inches. Special I
$37.50
$19.85
$15.95
$6.95
$14.95
Girls'
White Organdie Frocks
Special S5.95
Sheer white organdie
fashions these lovely
frocks. Two attrac
tive models with the
smart tunic, bodice
and sleeves elabo
rately trimmed with
val lace and insertion.
Embroidery medal
lions and ribbon
sashes add a very
pleasing touch. Sires
8 to 16 years.
Second Floor
Children's Colored Coats
Reduced to Half
Cute tailored and fancy models,
fashioned of Serge, taffeta and
novelty checks and plaids. Si;es
2 to 6 years.
$12 Coats . Reduced to $ 6.00
$18 Coats . . Reduced to $ 9.00
$22 Coats . . Reduced to $11.00
$32 Coats : '. Reduced to $16.00
Children's Colored Hats
Formerly $4 to $7
Now $1.95 to $2.95
1 Fourth Floor
Decidedly New' Are These
Figured Boxloom
Crepe Negligees
At the special price of
s5
Printed in Batik design in many lovely
colorings, these negligees are both cool
and delightful for Summer wear.
In two, models, one with long shawl
collar of harmonizing Georgette Crepe,
fastening with knot of colored silk
flowers, and novel sleeves with silk
tassel The other has a dainty ruffled
collar piped with Georgette Crepe, and
new sleeves with hanging balls of crepe
for trimming.
At $5UnequaIed
Third Floor
Beginning Tomorrow, Tuesday1
The Very Important Midsummer
Sale of Women's Frocks
TUST as fast as the new Summer Frocks have arrived from Paris, we have reproduced the most beauti
J ful models for this sale. Our dressmakers have worked wholeheartedly with us to eclipse all past1
efforts we have minimized our regular very reasonable profits, and now present in this sale the most
charming Summer Frocks at Unparalelled Low Prices.
No. 5 Foulard-pattern
Voile Frock.
"The round collar of or
gandie has two rows of
buttons, and the wide
. silk sash caught with a
knot of flowers adds a
lovely touch. Navy and
white; navy and tan.
Sizes 36 to 44. $12.95
No. 6 French Im
ported Voile Frock,
Tucked tunic vestce,
and collar of organdie.
In light blue, maize, flesh,
brown, white, navy and
black.
Sizes 34 to 44. $15X5
No. 7 Georgette
Voile Frock with
tucked tunic. Vestec,
shawl collar and cuffs of
lawn, trimmed with
dainty lace. In white,
Copenhagen, heliotrope
and pink.
Sizes 34 to 46. $15.00
No. 3
29.50
10.95
No. 1 Crepe de Chine FrocK. of ex
cellent quality material, with smart box
pjBBBftunic. Two bands, daintily bcad
ded, trim the waist. In black, navy,
Copenhagen, white and flesh. rr
Sizes 34 to 46. .OU
No. 2 Silk Foulard Frock in lovely
design. Graceful partly-pleated tunic
adorns the skirt. Collar and vestee of
embroidered batiste. Navy and white;
black and white. o-OO CA
Sizes 34 to 44. JV.SU
No. 3 Lustrous Chiffon Taffeta
Frock, in slender, long-waistcd model,
with tunic and cuffs edged with wide knife
pleating. In navy, black and q
brown. Sizes 34 to 44. y.OU
No. 4- Checked Voile Frock resem
bling gingham in pattern. Quaint fichu
collar and cuffs of organdie with pleated
edge, and three rows of pleating on runic.
In pink, blue, lavender and black, in
combination with white C 1 A QC
Sizes 34 to 42. $lV.yo
15.95 - LJ
J
At Unprecedented Reductions
The Finest Grades of
MISSES'
APPAREL
the reductions are so great, immedi
ate disposal is assured. Therefore all
sales must be final f '
Misses' Afternoon,
Street and Evening
Frocks
Formerly' $55.00 to $85.00
Reduced to $49.50
Misses' Dresses
Formerly' $89.50 to $125.00
Reduced to $68.00
Misses' Suits
Dressy and strictly tailleur models, many
elaborately embroidered.
Formerly $59.50 to $89.50
Reduced to $49.50
Misses' Capes and Coats
Formerly $69.50 to $89.50
Reduced to $49.50
Misses' Capes and Coats
Formerly $98.50 to $150.00
Reduced to $75.00
We repeat all sales must be final none
sent CO. D exchanged or on approval.-
Second Floor
HELP lhe Pos!al Employees and
j efficiency of the postal system.