New Britain Herald Newspaper, March 28, 1924, Page 7

LADING COSTS DO NOT VARY PRICES tional Transportation Institute ing freight in the United States has undergone little change in the last 40 years, according to a survey just com- pleted by the research ronni\fl of the national transportation institute, com- paring freight rates with wholesale prices since 18C7. While the costs of basic commodities have under wide fluctuations, the survey points out, the cost of freight transportation has jogged along close to the base level, apparently having little effect on prices or on the changes in industrial costs. “Prices in the United States have gone through two major movements in the last 55 years,” the survey d closes. “From the late sixties to 1§ the trend of prices was steadily down- ward, with the exception of brief ral- lies in 1872, 1880, 1888 and 1893, Af- ter the 1921 depression prices rose until April 1923, The price level at the beginning of 1924 stands e- what above the price level of 1870, “From 1867 to 1837 freight rates and prices fell together, Freight rates remained at the depression level until 1917, a period of 20 years, while prices were rising. When freight rates be- gan to rise in 1918 they did not rise as tast or as far as prices, Since point for freight rates in 1887 at 104, Wholesale prices then stood at 197, Lowest mark for freight rates was 70.7 in 1916 and part of 1917, at the beginning of which year wholesale 207, High water mark for wholesalc prices was in 1920 with 263, at which time freight rates were 4.1, “High mark for freight rat n the post war period was 126 in 1921, but it quickly dropped to 116 in 1923, and now is at 110, The big spread between freight rates and wholesale costs be- gan in 1899 and has widened cver since, so, that, according to the chart- ed figures, frelght rates have only exerted a minor influence in determin- ing the course of wholesale prices. Striet regulation of railroad rates down to a bare subsistence basis while industrial production has been free to go after profits, is reflected in these igures."” METHODISTS TO MEET Chicago, March 2 he general conference of the Methodist Episcopal vhurch is to be held at Springfield, Mass, throughout the moifth of May. Anproximately 850 delegates from all So Says Research Council of Na- Chicago, March 28.-—Cost of imu‘." 1921 prices stood at 148, then shot up to! ] | 44 nations and territories abroad will he gatherin, will be repre- sentative ,520 members of the Methodist Ipiscopal church | around the world, and is the law | making body of the denomination. Among the important matters to be discussed is the question of unifiea- tion with the Methodist Ipiscopal church, south: the status of the episcopacy of the denomination, and the reorganization of all existing benevolent hoards, FLORIDA T0 HONOR THE MEMORY OF OLD PIONEER be in Unveiling of Monument 1o Charge of Florida Conferey D. AR Jacksonville, 17la,, March 28—\ monument to Jean Ribaut, the in- | trepid ¥French adventurer who led the first Protestant colonists to th is to be unveiled at Ma near hae, May 1, to commemora 3€2nd anniversary of the landing. The unveiling of the monument will be in charge of the Florida conference, Daughters of the American Itevolu- tion. 3 The monument, the ¢ which has jnst been lald, is to be erected on the same spot where Ri- baut set up a crude stone marker soon after his landing on May 1,41 the mouth of the John river, whic he named the Riviere del Mai. This marker subsequently was destroyed by Spaniards under Menendez de Avila, founder of Augustine, nerstone of ) - Ribaut, after establishing his col- freight rates again have fa lf‘”' ony in the new country, returned to The research council, taking 1885 | .0 0 4o find that c e in b a8 100 both for freight rates and |y ..o o¢ civit war, He came back in wholesale prices, shows the highest| ;.57 g soon thereafter fell victim to Spanish treachery. Menendez, pite the fact that Spain and ¥ were at peace, attacked the 17 { ships at the mouth of the river tibaut set out to retaliate on the panish fleet, His vessels e wreek- ed In a storm and when he again reached his fort he found it had been captured by the Spaniards and the colonists slaughtered, Induced to sur- render by false assurances, Ribaut and his men were put te the sword in October, 1565. DIAMOND MARKUT BRISK Tondon, March 25.--The weeks of any year are always gool for the prccious stone merchants, as traders generally replace their stocks which have been depleted by the Christm and New Year trade, This year there is said to have been a greater demand than cver monds and other valuable stones, Jast week $1,250,000 worth of *r stones were sold, the bulk ge into £ the hands of American cutters, The higgest demand is for cheap and me dium-grade diamonds, but much money s heing put into pearl rope and necklaces, one string alone being sold last week for § 10, b first few I"EW BRITAIN DAILY HERALD, FRIDAY, MARCH 'VIEW PROTECTING FLEET | [N CHINA WITH ALARM § City of Tsintao Does Not Like the | Appearance of Gunboats in | Harbor Tsingtav, March 2 he recent adventgo the lower harbor of five Chinese warships has brought a cer- tain degree of relief to the pcople of this city, but at the same time there | lcom up bLefore them complications and dangers which may Dbe even greater than those from which they would appear to be freed. With the gunboats riding at anchor nearby, there is less chance of inva- sion by Marshal Chang Tso-lin and his Manchurian armies, but who is going to feed the sailors on board these ves- | scls, and pay them their salarics? Wili the moncy for this purpose he ex-| tracted from Tsingtao? If so, Tsing- tao would rather sece the vessels sail | again, but this they too | , deerepit and generally impotent | | even to attempt. Tales of the relative uselessiness of these vessels, consisting of one cruiser, three gunboats and a supply ship, are | current in Tsingtao. They are styled | “China’s curic It is related they | were obtained several years ago from | Japan and never have becn paid for, On the voyage up from southern China, twe of the gunboats broke down and had to put in at Swatow for | temporary repaits. It is doubted if | they ever go to sea again. A story is | current that many of the sailors de- rted before the flect started north, fearing the rigors of winter, ! he admiral in commiand, Wun Hsi- lin is =aid to have demanded from the municipality of Tsingtao the sum of | $1,000,000 for the of the | ships, a sum that would beggar the city, Another story is to the effect that the militarists arc endeayoring to get money from the Tsingtao-Tsinanfu railroad to feed and pay the sailors, but that the railroad officials are not keen in the matter, . The Peking government shows not | the slightest interest in the question, in fact everyone is disclaiming re- sponsibility and interest, and it is suggested locally that Admiral Wun | had better scrap the fleet and reward his followers from the sale of old metal, support ters 6(‘ Jai);m's: (;;'0\\ n Princess to Be Married vkio, March 28.- Imperial sanc- | tion has been given for the marriage of two youn sisters of Crown Princess Nagako, who recently was marric Prince Regent Hirohito, Princess Tomoko Kuni will mar- vied in May 1o Yoko O heir of Count Otdhi, long the outstanding fig- ure in the Buddhist religion in Japan, Princess Nobuko Kuni will be ni ried in September to Kimimasa Sani- jonishi, belr of Count Soneyoshi, head oldest of Japan's noble of one of the houses, 28 &0, 1924, " - NEW YORK SAMPLE SHOP 357 MAIN STREET parts of the United States and hmn‘ GOOD CLOTHES AT POPULAR PRICES The man who wants moderately priced clothing has a right to expect maximum value every time. 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