The evening world. Newspaper, May 20, 1920, Page 2

a i Re , barges independently. SD eopeel seemed to be the general sen- tment of the members of the bouy. In this city more merchants an- nounced that they had joined in price reductidns, while others are prepar- ing to do so. The Merchants’ Association re- viewed the situation in a statement that sald in part: “One big plant states it is unable _t® continue. Another plant reports ‘an acute shortage of raw materials together with the greatest difficulty im sending its product out of the city. . ‘This plant has laid off some men and | is keeping many others at a loss in order to conserve its supply of skilled employees, | “Shoe manufacturers and distribu- tors have been importing their pro- ducts from points as far as Boston by ; ‘treck” Vice President Frank Burns of Burns Brothers, coal dealers, ‘Normally, we send our customers their winter’s supply at this time. We cannot do it. All we can do Is to take care of the day to day demands. The railroads haven't men for thelr light- ere and do not have enor¢h light- ets and barges. We have to hire ‘Whereas we were accustomed to pay about $75 a barge load from Perth Amboy we now have to pay from $225 to $500 per) barge. Of course the added cost has | te“te placed on the price charged the customer.” An official of the Hégeman-Harris Company, building contractors of No, 185 Madison Avenue, said yesterday: | “We have nine building operations on | hand. Of these we have had to shut @otvn five, involving an investment Of $250,000 and throwing 1,000 men out of work, “It took us two months to get two carloads of steel from Youngstown, ., to Jersey City on the Pennayivenia Railroad. And to-day the cars are still in Jersey City. It has taken usa month to get a carload of bricks from South Amboy across the river, and we haven't received the carload yet.” ‘The attack by banks on high prices through credit restriction was ¢e- flected in to-day’s stock market. Additional losses of 1 to 3 points at the feverishly active opening, with extensions during the course of the first hour, were generally attributed , to further enforced liquidation for out-of-town interests, Commission houses with direct wive connections to Middle and South- western points, had large selling orders. These were augmented by heavy offerings trom local sources. The short interests also helped to basten the decline. A considerable part of the further reaction was believed to have r sulted from the more pressing needs of merchants and other individuals who found their credit impaired by the methods adopted by the banks at the solicitation of the Federal Re- serve Board, Messages to local bank officials * from their correspondents told of the rising tide of the price-cutting move- ment. A prominent bank with exten- sive New Pngland connections inti- ‘mated that Boston was reducing \ts loans on leathers, textiles and cop- | pers. Chicage Pittsburgh, Cleveland and smaller industrial centres of the Mid- dle West reported that further cur- tatlment of credits and reduction of business activity were in progress. The head of @ large local bank de- clareé that filnancial conditions throughout the country already have been strengthened in consequence of the price reduction made in lines of merchandise. He believéd, however, | that the movement might get beyond reasonable bounds and work un- necessary hardship to smal! trades- men. “In the reaction from excessively high and unwarranted prices,” said) this official, “there is danger that the pendulum may sewing too far me jo ca FURTHER ERPREE UT (S SEEN AS FREIGHT IMPROVES TIE-UP (Continued From First Page.) on the Atlantic coast will he tied up. Philadelphia alone in non-union. Congestion of freight in the Jersey | City yards te as great as ever and a {railroad ,official sald to-day that if} every striker should return to work «immediately, it would require from -|@ month to @ month and 4 half to ‘ clean up the yards, The Jersey Cen- tral, it is clatmed, can operate its | own, but !s hampered by the troubles of other roads. Labor conditions, it ig said, are worse than the embargo. pnb aman DADY SUED FOR $25,000. publican Leader fer Auto Accident. Col. Michael J. Dady, Republican leader of the Firet Asembly District, Brooklyn; his wife, Gareh, and bis Walter Sweeny, have been by dghe FF. te nea, tain Eapex & downward turn, and the members Of-the National Association wi! not * be Backward in alding to bring «bout sald: | versity were gush mar at the University. DRASTIC STEPS TO BE TAKEN 10 MOVE FREIGHT Order From the Interstate Commerce Commission Is ‘Expected Late To-Day. | from a Staff Correspendent ‘The Evening World) WASHINGTON, D. C., May 20— With delegations of shippers from Ohio, Michigah, West Virginia and many other States in Washington clamoring for relief trom the tie-up which has brought trangportation. to a standstill In many sections, the In- terstate Commerce Commission is expected to make announcement late to-day of drastic plans formulated to bring relief, Neither Commissioner Clyde, B, Altghison, in charge of ‘the forces at work staiving to break the freight tie-up, nor any of his aldes wonld reveal in advance the action Sun- templated. ‘Whether it will be in the nature of priorities for essential industries or merely the juggling of the car supply 80 as to take care of certain centres where conditions are the worst is still a secret. Shortago of man power is now being emphasized. The railroad Jetrikers who quit their jobs some weeks ago in many centres made no effort to be reinstated, officials hore gay, but found other employment ‘The Interstate Commerce Commis- sion Is receiving reports trom ite in- |spectors in all the important centres by telephone and telegraph. ‘Those reports are not being made pubic, ‘Dut are being considered in a confer- ence on car service to be held this afternoon Unofficially it ts learned that the | situation has shown no improvement {in the principal = transportation centres. The use of ‘open-top cquipment, such a8 coal cars and flat cars, for transportation of automobiles will probably bo prohibited temporarily as the result of vigorous protests from the coal and lumber men. In the event of priority orders, pleasure care will be one of the first com modities to be placed on the “non- essential” list, especially as with d weather, automobiles can be riven across country to distributors. The imperatnve necessity of moving food and fuel promptly is receiving prime consideration, ‘The movement of early vegetables from Florida, Georgia and other Southern points to Northern markets, has been sertously interfered with, and as a result those perishable are rotting in the cars at many points. A demand will be made by the wheat shippers that grain be given priority after June 1, Director Barnes jot the United States Grain Corpora- tion has indicated that this will be necessary In order to protect the growers in the wheat belt, a BARS WHOLESALE EVICTIONS Because the papers in dispossess pro- ceedings included Hl the tenants of Nos. 167 and 169 Park Place, Brooklyn, County Judge McDermott threw the eason out of court to-day, He decided that separate actions should have been ought against each tenant. @ months ago the houses were sold tothe Land Ma No. ti. Court Street, which raieed ti rents, the ten- ged, th orn of New York Uni- he tn 4 boa ne phi vi} ork" shows ‘kT. ee aekee ire prin ‘ which carries wit it the “alstinevion bare by o heat urged fret Best’ Soldier at N..Y. University Gets Prize in Competitive Drill. MARSHALL URGES JAIL SENTENCES FOR PROFITEERS Vice President Says Men Can- not Be Read Out of Party for Opposing League. INDIANAPOLIS, Ind, May 20.— “Equal and exact justice to aM men” as a remedy for unrest was prescribed by Vice President Marshall in his keynote address to-day before the State Democratic Convention. He also urged jail sentences for profitee: and increased production te relieve the high cost of living. The Vice President also expressed the hope that (President Wilson and the Genate would reconcile their dif- ferences over the peace treaty ond that it would be ratified, but said no man should be read out of the Dem- ocratic Party because of his opinion on the League of Nationa, “This ‘was, as ‘I understind it,” the Vice President said, “an American war, The peace should be an Ameri- can peace. The war could not have been fought successfully as either a Democratic or Republican war. ‘The Peace cannot bring that real peace which the American peaple want if it be made either as a Democratic or a Republican peace.” Any let-up in the ehforcement of national prohibition until legal change has been made in its pro- visions was apposed by Mr, Marshall, who warned the Democratic Party that it would “merit the contempt of the people if it ever stands for the flaunting of a law because certain citizens do not ‘believe in it. “While the Prohibition Amendment remains tt muqt be enforced in uc- cordance with ‘tg provisions,” he said. “If crystallizing public Senti- ment does not as the days go by get back of it, the people will find a way lawfully te lessen what some deem to be its rigors,” The Vicé \President assailed the Republican Congress for ites work during the last year, He wid thet aftermath of the war “in legislative halls would be heartbreaking it it Were not humorous,” and charged that the Republicans have spent the last year conducting “searching in- vestigations at great expense . to show that the victory which we won was really a defeat.” Mrs. Adelbert Flynn of Logansport, sat throughout the all-night delibera- tions of the Resolutions Committee and signed the report which was submitted to the Convention to-day. Mrs. Flynn said she liked the work and was glad of the honor conferred upon her, ‘The repart strongly endorses the Aqministration of President Wilson and demands the ratification of the ‘Treaty of Versailles and American membership in the League of Na- tions ae presented by the President to the Senate of the United States. It repudiates the actions of the Indiana Senators in opposing the ratification of the treaty and denounces the un- lawful and unwarranted effort of the| of present Republican Congress to create a condition of peace by a so- called peace resolution, abel of Oflahoma, fear that curtai! ram mnieme | PRE RVENING WORLD, riers se MAY 20, ‘tog BUSINESS OUTLOOK SUGAR COST GANT | -ISIMPROVED BY GO MUCH HIGHER: | TREASURY MOVES. DECLARES & BROKER Public Cash lps Approves Ghips Says Product ih Is Reaching * | Taken by ‘the Department Price That Will Restrict | for Economic Readjustment. Consumption, | Lewis W. Minford, sugar broker of No. 106 Wall Btreet, told the ‘Lusk Joint Legislative Committee to-day that refiners are responsible for the different prices-of ‘sugar which have | prevailed since Jan.'1. “We have had an advancing mar- ; ket singe Feb. 26 of 12 cents per pound [RESERVE BOARD AIDS: ,Senator Owen One of Those- ‘| Who Fears There May Be Curtailment of Production, | By David Lawrence. | (Spectal Correspondent of The Even- nn Wertd) itor raw sugars, during which time our, |, WASHINGTON, May 20 | (Copy- tefiners have bought these raws. We right, 1920).—-America ‘is at. the presume that the prices at which they | moment experiencing an economic allot the sugar to the trade are based readjustment which the Treasury ©" the prices of the raws, plus what | Depatiment ~and, {Ke - Fede af SSBMISSESN © rene est petees at 3 refiners hav joes Reserve Board regahd as inevi- tg * _ different times, therefore the price of tably for the better, Reliance is based the refined has varied and the whole- upon the alertness of public opinion sale grocer has based his sales on the | and tho teadiness of the banking and prices at which the sugars allotted to business public to consent to curtail- him by the refiners, and the retailer mont of unnecessary and unproduc- jm the prices which he had to pay to tive credits. the wholesaler, which has made the But the view at ee Executive end |“iversities in prices of refined sug- of the avenue is not altogethor | ars. shared by members of Congress.| Asked if he could sugg:st a reni- Some who, like Senator Rober, L.,@dy that would insure a reasonable price of sugar to the retailer, Mr. Minford sald: “I do not see how you can get, under the present ruling of the De- partment of Justica any stability in prices until the raw sugar markut becomes stable. Refiners are com pelled to sell their sugar at a reason- able price above cost. “I do not think there is any . HOUSTON'S LETTER ON BONUS “4: It will have to correct Itsvif | _ A WARNING TO CONGRESS. | trough the operation of the law uf Incidentally, Seoretary Houston's | *¥Pply and demand. |tetter to Chairman Fordney of th Do you ibelieve that the law of House Ways and Means Committee S¥PPly and demand 18 going to run is intended as a warning that Con- |the price of sugar Aigher than it is ment of production will result I that the prices of all commodities will tené to rise because of the scarc ty of stocks, Other members of Co wrens feel that the Federal Reserve Board, and Secretary Houston are | pursuing conservative policy and that their programme will influenvo the whole business world, * gress had better cease thinking about ,"°W? ‘he was asked. a soldier bonus and give serious con-| “i 4° not think it will go much sideration to the prospect of increns- |'eher.” replied Mr. Minford, “That is my opinion, because [ believe we ing taxos to meet current Government |are reaching prices that will restrict expenses. And altogether both Con- gress and the Executive Departments Consumption.” are to-day more deeply absolbed in| Alfred Horn of Kramer’ Horn & Co., the economic situation than they have | #!d he had a food brokers license, been since, the close of the avar. but no sugar license. He could, not This renaissance comes at a time|e™eMber how much sugar he had when Congress 1s anxious to get away | 9! and sald he did not keep boo'ta for the political summery but tele-|He had bought some sugar, he gramy already pouring in from con-|°°Uldn't remember whether it was stituents indicate that back ome |#.0%, 29,000 or 10,000 pounds “aroand business men, bankers, merchants | %!-2 and manufacturers are watching | °F % cents. Washington for any moves that may Horn declined to’ answer many ques- affect what has been referred to so} tons or to name his clients en the eften as “essential” and “non-essen- | STund he might incriminate himscl?. tial lines of busines: He had@vague memories of 70,000 The effort to curtail the amount of pounds of sugar which he bought for borrowing by insisting that member p19 1-2 cents and sold for 20 cents. banks of the Federal Reserve system | Claiming to represent eighty-five actually djscriminate in the clas#ty of Der cent. of America’s manufactures loans that they make is expected to Of Jams, jellies and preserves. the National Preseryers and Fruit Prod- produce results. In fact, the Treas- | ucts Association announced to-day in ury believes results are already in New York that its members will stay evidence. But on Capitol Hill, Sena-|OUt of the sugar market until the tor Owen's suggestion that instead of Brice of gaat gynne gown tom ite ‘ resen evel. increasing the interest rates they | “The~so-called shortage of sugar should be lowered to 3 or 4 per cent. oe Bot exist” read & statement By || Marcus Blakemore, ent of the has unquestiopably enooureged veri’ ' National Preaervers and Fruit Product ous borrowers to believe that if they Association, who has investigated get behind the movement they can Avaueble supplies With the help of bring about a reduction inatead of &n | the Department of Justice and repre- Increase in interest rates. sentatives of the refining industry. SENATOR OWENS URGES DIS- | “Present prices represent pure infla- CRIMINATION IN LOANS.: tony lead throvan thogedine. by | sugar speculators.” on the part of the Federal Reserve | this wendy Dees reoaives. in this country and the amounts con- Banks in applying their interest rates | tracted for and cents” and had sold it for 243-4 available on the and that loans for speculative and Cuban market, an exceas of more unproductive pi nepoene should pay the than 500,000 tons over last year’s total highest rates a: production. should | consumption is in sight. be encouraged in other enterprises by correspondingly lower rates. He ad-|Mr, Blakemore said, to start a na- vooates uniformity of discrimination, , tion-wide movement among manufac- which means that cattlemen in Texas turers and housewives to save sugar. should be able to borrow their money Another series of conferences be- It is the hope of the association, for the same rate as cattlemen in|twcen sugar dealers and the Depart- Montana. ment of Justice will begin in Wash- Secretary Houston is inclined “to ington to-day, look "upon Senator Owen's economics, Assistant United States District as faulty and contends that ninety- Attorney Mattuck announced to-day nine out of a hundred economists that he will ask the Federal Grand would not agree with the Oklahoina Jury to indict a New Yorker, whose Senator's contention, The head of the name is withheld for the present, for prevent the borrowing of money from Federal Keserve banks at three and z four per cent, and loaning that same | factors will be controlling in the re> money to railroads and ether enter. | adjustment that has been begun, but prides paying ad high aa six and ® Check to expanaion of credits has seven per cent. and then collecting been spilled. Senator Owen and his the difference au a handsome profit, {School of thinkers believe restriction CO-OPERATION NEEDED IN CAR- ychologically bad and produces Secretary Housto: RYING THE ECONOMIC LOAD. rve Bourd are’ cons The whole question really revolves |vinced that it means the intrc not merely around the question of | tion of conservatism and cautl What 1s an essential or non-essential! All parties are convinced line of business, but what is an es-|the core America is sound, but tiey sential or non-essential loan in @| differ as to the best way to help sur+ particular business, The Treasury be- | mount the difficulties and embarrass- lieves the member banks In their re-| ments of an expanded credit system, spective communities can exert the | Of one thing the business public may only influence that can be at all ap-|rest assured. The Federal Reserve plied tn America's complex economic | Board and the Treasury are going | structure and that the co-operation | ahead with the policy mapped out by | of the public alone will successfully | Governor Harding of the Federal Rv~ carry the whole economic load. serve Board because they have the Impressions that may have gone| power under the law to raise the in-; out concerning arbitrary restrictions | terest rates and fix through the mem- ! ered unwarranted, The) bers banks the rediscount rates, Treasury's view is merely that legiti- | Congrem has very little to do with mate and essential credits should be| the matter, though Senator Owen, advanced and that the high interest who ig a candidate for the Presidency, rater will drive speculative invest- may make several apeeches on the ments from the borrowing market subject in the near future, and his and raise,money for productive pur- supporters are already organ sng pores. businessmen’s leagues to advocate his peabody, of cours@ can say What doctrines.’ 4 ' . sham crests ina ERA Cerra net entrant re ete teach kan tenance lany one would wishe to make her, GGARBED IN BLAGK, GIRL PUT:ON TRIAL | FOR KILLING SISTER Little fea Truce Tucci Watches Selection of Jurors in Awed. Silence. epee Matia Tucel, a liftle dressmaker, twenty years old, clad in a black silk mourning gown she had made for her- self in ae in the Tombs Prison, went on ‘trial to-day ‘before Judge Nott in General Sessions charged with the murder of her sister. Her defense will be that she killed her sister, Mrs. Angelina Conti, in their home, No. 9% West Houston Street, last March in a struggle over a revolver with which the sisted had threatened her for her refusal to dishonor herself at ‘Mrs. Conti's request. The shooting, the defense will seek to show, followed repeated protests by Re requested by the Japanese Am- atch te ‘at Pekin, according to Reuter's Pillows soft and downy tor tired heads, Mattress light and yielding to the*body — yet buoyant in thg ereme. Spring firm but resilient as rubber. Bedstead igi, graceful in de- sign, exquisite in color and finish. These are the quality marks of Hall products. FRANK A. HALL & SONS New Verk M. ¥. the Ohine: a di travagant, gas water heaters Why are they ‘numbered? they were in com-, would be impossible companies to meet ittent demand for s unnecessarily increased two of Maria against “her sister's conduct, which, she-said, ‘was dishonoring the family and making it unlikely that Maria, a wife. To all this, Maria claims, her sister was utterly deaf, th- sisting upon “Maria’s vomplaisance ip an act she refused to commit. _After the shooting Maria took Mra, Conti's 9-year-old ‘daughter, Conche- twea, with her in’a flight to Atlantic City, where she eventually surrend- ered to the police. Little Conchetina was in the room when ‘her mother was killed, ynd she will ‘be the chief witness for her aunt a The selection of a jury’ occupied the greater part of to-day's session and the principal questions, put to the talegmen were whether they could ear and weigh the evidence unin- fluenced, by Sympathy for the young Woman charged with the crime and} treat her as they would a man in similar circumstances Durirtg the questioning Maria Tucci, her hands idling with a black- bordered handkerchief in her Jap. watched the faces of the talesmen, but’ did not venture a word of com- ment or suggestion to-her attorneys. Nor did she seem in the least indiffer- ent to what was going on; rather she seemed to feel that this was far too serious a matter for any word from her. The defendant js of a pretty Italian type, dark and rather short and plump. She wore long, crepe-burd- ered veil and snug-fitting black straw hat. Over her shoulders was a mud- is? cape of plea dark blue ma- terial. When he turned to face a talesman uccepted as a juryman, tne only expression in her eyes was «me |. of looking. at a person at whom she had beep directed to look. Her attorneys said this afterncon that Maria had worked as a dress- maker most cf the time since she came to this country in 1918, and that she had provided the funds to en- able her sister, the dead woman, v0 make the journey here from Itgly. . —— China to Refuse to Negotiate on Shantang. LONDON,'*May 20.—The Chinese Cahi+ net has decided to delcine to enter into direct negotiations with Japan regard- Ing a settlement of the. Shantung quea-!"~4O MEN WOMEN & CHILDREN 0 Our Big Daily Special for Friday, May 21st. CHPCOLATE COVERED NUT CARAMELS—Big toothsome squares 0! richest Caramel, the velvety looking brown squares, embedded with white crispy chopped Nuts in pleasing variety. A jacked of our fragrant, vsivety, unexcelled Chocolate completes thie delicacy. SPECIAL, Treasury Department declares that getting himself up as a sugar broker rm 3 the interest rates fixed by the Federal without first taking out the license | rire anes gyre Reserve Board must bear some rela- called for by the Lever Act. The MELILOWA——You, have tionship to the uses of money out- hroker is said to have “sold” 200,000 |] | Fuessed the co" uide of the Government circle. pounds of sugar, Attention was di- tame. Honey He asserts, for example, that 1f rected to him by complaints that he Garam Stary 4 money loaned by the Government at had failed to make deliveries on con- FP sacheted in three or four per cent., the resources tract. Special Agent Riley, of the id tumour of the Federal Reserve system woukl Department of Justice, Mr. Mattuck ‘tan, if 7Se Stores New not only be drained but would be said, claims that the activities of un- Peers Ox ic Broskinn used to make extansive profits in ,licensed speculators are largely re- For exact lorniton sce ther lines. For instance, he polnts ‘sponsible for the profiteering in| ve tote! | an se i an tg "Girectory, out that there would he nothing to sugar Phe | an se i an tg weight Includes the ‘container. ———. —_—_—_Y when all Sioctrical ances and homes has changed all that. ‘ Serzeare pertet poms Ss aoe byaation or Unling Ele. ree yee NAME IN BVERY PAIR pred makes the lemand for the SILK MADE NUS A, gloves better than we can supply. You'll the most depend- able of silk GLOVES Trade Mark POUND 30: a ricride ma 4 NEW SIZE PACKAGE FOR ; CONVENIENCE ° WputeRtose Deservedly . The Largest. CSelMling | Ceylon £ Lrcfen 4 lee \a Beld ia Vbe= v4 «a Meg and Tea Cert Sizes three times. » have you noticed how (To be continued Menday) es] “THE CONSCIENCE” Fits All Standard Stoves, Any PlumBer Can Install It Ki — LOOKING for small household needs? You will find them hére—and find none too small to escape our high standards of quality. 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