Indianapolis News, Indianapolis, Marion County, 26 April 1920 — Page 4

THE INDIANAPOLIS NEWS. MONDAY, APBIL 26, 1920.

GMUltlfGIN MONEy MW SHOWN

TRAFFIC SITUATION SERIOUSLY AFFECTING BUSINESS.

FEDERAL DISTRICT REPORT

: CHICAGO, April 2t.—There has & gradual tightening of the •ioh*y market; rates are firmer and throughout the district are ng freeiy at the Federal lie.w ~a.nk. reflecting the abnormal demand for credit in all lines of busimess, according to the report issued the bank and covering the Seventh federal reserve district. - The traffic situation is seriously affecting business. While the cAr shortAge has prevented a free movement sf finished goods and has also embarrassed manufacturing facilities by gonrecipt of materials, fuel and supplies, the interruption of transporta- ' »n by strikes has brought about a aeute condition. Collections slowed down during the last #*ty days, but this is explained to >me extent by the inability to deIver goods after they have been sold #nd by the conditions of roads in the country districts. , ! e**ry bank replying to S«?* , K era! in ‘* uir * sports that there JA* * greatly Increased use of ^•edit by farmers as well as by manufacturers This situation is particularly aggravated in some of ihe agri* cultural districts where farmers have ay>t been able to market their grain

because of bad roads and inadequate care and where elevators are filled to capacity. Sift Vmmm Application*. One of the encouraging developments in connection with the loan situation is the Increasing disposition on the part of leading bankers of the district to sift loan applications. Customers are being asked to explain specifically for what purpose .they are seeking credit extensions, with a view of determining whether the amounts can be pared down. There is an almost insatiable demand for everything produced, and even the abnormally high production costs seem to be lost sight of in an effort to go ahead and supply the requirements, v With this volume of business caus.ing a strain on the resources of the nation, necessarily failure on the part of any factor in the situation to properly function increases the demand for credit and adds to the financial burden resting on the banking system. The practical shutting down of the stockyards at Chicago, throwing out of work It.OdO employes, and the closing down of Sf per cent, of Detroit industries dependent on central station for power, together with the cessation of operations by numerous other midwest plants, afford specific illustrations of what actually did occur. Face Serious Interference. Manufacturers for some months have been experiencing a serious Interference through transportation irreguiarfties and a shortage of labor and raw material. Whether this transportation inadequacy is due to the poor physical condition of the railroads or a record-breaking tonnage.. or both, does not alter the fact that business, already handicapped by inefficiency of labor and other factors. Is compelled to realise on the products of its industry or borrow more liberally at the banks Motor trucks have been pressed

into use wherever possible, and yet the transportation facilities of the country are proving inadequate. The automobile industry is compelled to drive 20 tc 56 per cent, of its output to sales agents. - Obviously the high level of prices and the shortage of available raw materials cause, it is estimated, double the amount of capital or credit for a given volume of trade. This is a big factor in the loan item, not only in the country districts, but in the manufacturing centers scattered ail through the-middle west. Illustrating this is the instance of a large pig iron user who applied for a line of credit far in excess of normal borrowings at this time of the yea r. Labor and Material Shortage. Shortage of labor and raw materials. vital factor* in the industrial situation, show no signs of an early improvement- Estimates of the shortage of labor run from about 10 to 25 per cent., no line* being exempt. Particularly is there a shortage of common labor, although, of course, in some lines, there is a shortage of skilled labor also. Another Important consideration In the situation is the abnormal shifting of labor. The labor questionnaire covering March, including representative industries throughout the Seventh federal reserve district, shows an average decrease of 4.5 per cent, from February in number actually employed on the last full day of the me nth. and a decrease of 9.S per cent, compared with March last year. The average percentage of full capacity ♦•mptoyed in March was 75.1 against 77 in February. l»20. and 7S.3 m March a year ago. The average pay roll disbursements in March showed an increase of 5.1 per cent, more than February and an increase of IS.f per cent, over March. Itlf. There ts a shortage of tabor now against a surplus a year ago. While a special investigation of retail trade in various lines develops the fact that the public, more particularly the wage earning or laboring

class, is still spending fresh', a few points, principally the larger cities in the middle west, report indications of a halt or a show of conservatism. Grocery, dry goods. Jewelry *nd furniture concerns report a tendency to buy the highest priced goods. There i»- of course, some saving. Lnxnriea or Semi-Lnxnrie*. On the whole the country districts continue to report the liberal buying of articles in the luxury or semiluxury classes. Several grocery houses report that a number of theirstaple items which usually have found a ready market, particularly among the working classes, this year are finding a very limited demand, whereas the higher priced articles

and what is termed “fancy” groceries are in heavy demand. Careful investigation among the leading canners in Illinois. Indiana, Icwa. Michigan and Wisconsin reveal# considerable recovery by the canning industry, which felt seriously the competition caused by the dumping of the surplus stocks of the war department on the market at much less than the cost of production, especially tomitoes. The chief difficulty in this Industry, as far as the future is concerned- is the decrease in acreage in all states excepting Wisconsin, and more especially in Michigan and Indiana. devoted to the production of vegetables and other products usually canned. This decrease is due to the Inability of farmers to compete with the prices paid for labor by manufac-

turing concerns, and also to the high price obtainable for field corn and other products. The general condition of the soil and crop prospects seem to be favorable. The season, however, has been delayed by excessive moisture. Farmers have not been able to.start spring plowing, as a rule. The heavy fall of snow in April damaged some crops in certain parts of the district, but this was in no wise general. At the same time this white covering was very beneficial to the wheat in the ground. I'ae Labor saving Machinery. One benefit of the effect of this shortage of farm labor, however, is the increased use of labor saving machinery la agricultural , pursuits. Makers of this machinery report a

good demand and say that Its use will go a long way not only toward alleviating (he l^bor shortage, but in

The buildinr pe

lnt«ri»liylng production. l/ndoubtedlv, however, acreage Is below nor-

. ., H mai because of farm labor shortage, Ming permits imued in Indl ana a* shown by the report follow:

Marc'h. "l

t&timMmL

He. Cost.

Elkhart 5 BvannvtU* 1 IF* Ft. Wayne SKI 3'!:i 74« Hammond ,V, 5iH Ott 050 Indianapolis 714 «rs| 454 Richmond 15 20.44H South Bend.. It 500 Iftl Terre Haute 100 113.03*

-Marrti. Join —

HaKimhV .

>. ^ dSOfi..

b.boo

1 fii.mr, 151 127

• Hx 631*7

Not 8e Sure About Her. (Honstou Post) *T saw your wife this mominy. old chap.” remarked Jimaon. ‘ She didn't look very lit.’’ • She isn’t; she's mourning the lore of a

diamond necklace." said Blenkitw sadly, “Why don’t you advertise a bis money reward and no qTjeetlon* asked?" Well. I could manage the cash ail but I doubt my wile's ability to the rret of that contract.”

iininijfiiitiHiiiiiiiiiiuiiiiiiiiiiiii l it| l ||| H |||||||||||||| ft ||| ll | l ,||| lllim i| l ,|„| l „ im | lllim ,|||| ll „ l ,|, l „||,|||| l || l |||||||iHiiu» < ; mm

ibrSW* Three Meek, west--rear *» find ami worth f indie a.

Exceptional! Coats 25.00

yOV'lL find Ibis lot of eoatti ox1 optional—the value is remarkable. The »tylea are out dt the ordinary for coat* at 26,00—the Jaunty short and three-quarter-length coats. These garment* are made with pleated backs and belt* ail around; many are lined. You may select from popular

or snappy mixtures, in

women

>py

miasea.

** *

Just for Boys Roys' blouses, made of per- . £ wl cale and pon- IT “ J gee, in plain V* 4 white and blue, also light and dark stripes; open cuff, top pocket; sizes 6 to 16; only 1.00 and 1.25 Boys’ pants of fancy worsteds and eassimeres, also blue serges; made with reinforced seams, and some are lined; sizes 6 to 18. Priced, 1.50, 1,98, 2.98 and up to 5.00. . Boys’ khaki pants, made of dark khaki, with belt straps and reinforced seams; sizes 6 to 17. Choice, 1.00 and 1.50. Boys' cloth hats and caps, 59c to ,*1.00. Boys' straw hats, 59c to 5.00. ' - Unin Floor.

. •SjS!

Twenty-Five Dollars

PUMPS

with

isck, embroider, cut full and regular l.3f gingham colors or ■pretty eolThese »4>il

t.50;

1.79

fwr mlKi.ee. Becks, in sew Ites 14 to 20 , .*** 3.95

pETTTCOATS fwr women, of slr|pe4 gingham, cut full, in regular sixes. A special to

Tuesday,

KLOPR rhemfee, made of extra quality muslin; embroidery trimmed; regular site. An extra good QQm value. Tuesday 0«yV flANISOl.t.;* Of pink •Ilk or '-''orepe de chine, lace trimmed; all aiaes. Regularly sell at 1.60 and 1.25; I Tuesday at ....

89c

Women's pumps and oxfords, in black and Havana brown kid. with high or low heels, ^ (Jg Women's white washable canvas oxfords and pumpa, white enamel heels and soles. Buy early and save 1.00; QQ

—Main Floor.

now

other Carload Sale of Linoleums ANOTHER CARLOAD of linoleums and floor coverings just in. This lot was bought at a

/a time when the market nrice was much lower than now

time when the market price was much lower than sow. since, but we can save you from 25 to,3.11-3 per cent. BUY ON THE POPULAR PAYMENT PLAN.

BRING YOUR MEASUREMENTS.

Prices have advanced consider-

•Ise 0*12. handsom* cork; to- . 14.85 «*ork. * patterns and y.ivt 1.10

1.19

l.lawlmm. 13 feet wide. handsome new patterns; enamel finish; today’s price. J.65; special, square yard IwlaM linoleum. « feet wide, color solid through to the back, regular 2.25 and 2.50; special, square f QCk yard l*Ol/

Congoleum and Wood Filler

for any (slightly

Wood filler. 24 Inehes wide, makes handsome border around your rug; golden oak

»rd 65c I SS&i’&T?!”. 45c •toe 0*13, make beautiful rugai new_pai-J

regularly 12.60.

.rffiS’r&r,

7.80

BRING TOfTR mj&asckjkmxnts

r ash cs murfswto, wide, with t dots, fine Pretty 1.35 Yd. and color combiral. al lover and for lovely spring frocks; 40-inch in Lingerie 59c Yd. ceable lingerie t in white and tinted in butterfly and floral

Continuing the May Sale In the Basement

weight tch like i white, rose, 49c it of its is a ever for Georgene : of silk and

!• rolls crepe toilet paper, large 4outtce rolls, good grade, 5c value (no phone orders; limit 20 rolls). QQ« 16 rolls t>Ov Joy tauudry soap, large sise Sc bar*, best laundry soap nu-ide (no phone orders), a case, only Sf.” 59c rievelaad wall paper cleaner, beat known quality, 15c value. (No phdne orders.) 90/* 3 cans. * A*OV Hardwood 4-loeh clothes pin a extra value (no phone orders), 9 29c doxen. re*rv Big Wonder furniture or floor oil polish, 25c value, a hot- 1 tie -kwV White Llaeor Jap© soap powder, large 5c package (bo phone orders). 27c Women's white lingerie waists, sixes to 4*. round or square neck. 1* styles, neatly trimmed, to l.tt J value, 7Q/» only I *Jv ;

69c

50 - foot wove* wire clotheslines, good weight. 85c value, -J Qf, only AwV No. » aklDeta. unpolished, good

grade. *9c

value, only.

A apeetol lot of women’s house dresses, made of ch&mbray gingham, sixes to 40; several styles; worth 1-35 on todays | XQ market, only A»A** Women's ttprtma coat a neatly trimmed and well made of serge; colors of black or blue and some novelties,

to 12 50 % sl-

ues. only

Women's gray lisle hose. made with a mock seam; some are slightly stained; 50c IQ/a value, pair.. Aa/V Cloned tap washmachines. the

running kind, very strong. 10.00 value, only

Children's spring capes, made of serge, blue or green, neat style, ages to i< years. 5.00 value, mam

only

4.95

6.75

3.79

B • y s' Mae and white gtriped overallg made with bib and side pockets to 95c value, ages to 12 years, ~Q n a pair tl*yv Honeycomb bedspreads. hemmed or scalloped, cut corners for iron beds, large double bed sise. to 3.20 4} AQ values, only resreiw Six®© aablcacbed sheet patterns, torn and ready to hem; heavy round thread

quality, 2.19 T

value, only.. AsW/ 73x90 bleached sheets, made with a center seam: good grade, our 1.59 vatS^ t .*’.$L29 39-taeh aablcacbed muslin, good weight, lengths to 10 yards. 25c IQ^ value, a yard. Airv Heavy weight navy blue and red drees percales. Stripes and figures, neat style A to 33c value, a OAf* yard......... Arxa, Children's coverall aprons, made of Scout percale a stripes and figures,

to 14 reara

59c

ages to L00 valv

only.

,, ''■**'*

Most fine cars in America are literally dragging around 1506 pounds of unnecessary weight.,

mm if ’ tj* W ~ - rl

The Light Weight and el 0 0 aw* f -g the Flexibility of the Franklin Car Enable It to Give Better Results at Less Cost

The average heavy and rigid car would require a cumbersome gasoline tank twice the sue of the Franklin’s, to go the same distance with one filling.

20 miles to the gallon of gasoline 12,500 miles to the set of tires 50% slower yearly depreciation t (National A v or ages)

<•

. .

The heavy and rigid car needs twice as many tires as the Light Weight Franklin to go the same distance.

TO FRANKLIN OWNERS is nothing remarkable about these results, because they are based on owners’ figures. And the figures are no more unusual to one who knows the Franklin Car than these facts of Mpoadlabilitjr:-? 4; mmemmmmmemmm

swnwmitMswSw THE STAR STORE ammti—m».n I

This actually happened in Detroit. The Franklin is easy to move—hence requires less fuel to move it.

New York to Boston in Indianapolis to Syracuse Cincinnati to Cleveland Boston to Syracuse New York to Montreal *” 9 hou "- Waterloo, la., non-stop, “ ^J 865 ' 4

" ; r

■ DIDDEL BROTHERS FRANKLIN MOTOR CAR CO. 955 North Meridian Street Indianapolis. Indiana.

528

/•%

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