Annual Review of Markets and Finance Amid Global Turmoil
A year ending yesterday marked by wild swings in commodities and securities driven by postwar inflation and wartime dislocations. The piece surveys price peaks, a global downturn led by Japan's crisis, collapsing trade in British India and China, and a drab global mood with widespread debt strains, unemployment, and volatile foreign exchange. It highlights stock and bond markets, the Federal Reserve, and shifts in foreign trade, with scattered notes on agriculture, mining, shipping, and rail economics shaping the year’s financial history. The analysis ties these to looming forecasts for renewed business activity and lingering uncertainty.
MENTIONED IN THIS ARTICLE
Japan
British India
China
Far East
South America
Europe
No Need to Worry Over the Outlook for Coming Year
Exchange Williams argues the country is safe despite widespread pessimism and hardship in 1919 1920. He notes bountiful crops and the need for work while criticizing government departments and banking actions that affected business welfare amid conservative borrowing.
MENTIONED IN THIS ARTICLE
Williams
Therag
Dialeas
Our
Rovernment Aia
World Economic Outlook for 1921 and Its Risks
A cautious forecast notes that 1921 will hinge on competing global forces, policy choices, and unpredictable events. Far East depressions in Japan India and China threaten demand for American goods while Europe struggles with postwar recovery. Shipping, inflation, and a slow revival in Britain and Argentina typify a broader downturn with potential widespread business failures and unemployment pressures.
Record Cotton Market Boom and Collapse of 1920
The year 1920 saw unprecedented cotton price swings with new highs for spot and futures. Prices rose to 43% cents in July, then collapsed by late 1920 to around 13 to 14 cents in major southern markets, while New Orleans and New York futures fell to 14 to 18 cents.
MENTIONED IN THIS ARTICLE
Dallas
Houston
Galveston
New York Cotton Exchange
South
Fort Worth
New Orleans
Mobile
Norfolk
Wilmington
Bank Clearings in the United States totals and figures
The record shows extensive bank clearings across the United States with large sums in billions. The figures list various amounts in different currencies and formats, reflecting a broad financial activity figure set.
MENTIONED IN THIS ARTICLE
Bank Clearings
United States
Largest month in history of Sto money rates
The piece notes a peak in credit strain but praises the Federal Reserve for averting panic. Rates relax only slightly, with months needed for cheap money. Retarding forces include credit lockup in banks and war-bond loans, plus government debt and tax demands. Favorable factors include construction demand and railroad equipment needs. Prices of key materials drift back to prewar levels, and banks resist artificial support to commodities. Outlook: no early revival. stabilization may come by spring, with cautious business, margins thin, yet not gloomy.
MENTIONED IN THIS ARTICLE
Ralls
Tne
Jevel
Federal Reserve System
Federal Reserve Banks of
New York
Federal Reserve Bank
London
Steal Corporation
Steel Corporation
Jevela Is
Canada
Europa
Gorda
Wurans
Europe
Hurane
Asorsautt
South America
Dmand
Argentina
Enrane
Furone
Ath
Enrnave
Eurrope
Inc
Boomsmerna
Smething
Pana Securities
South
Federal Reserve, Board
Treasury Department
Agricultural Department
Germany
Congress
Joy
Icme
Adiron
Elec
Actua
Allied Pack
Cindy Ee Ann Chickle
Olgar
Auwellon
Armour
Uabeach & Wilcix
Uct Borden
Prise Hat’ Geal
Ais
Chem
Dan
Hii
Ellyn Wity Its
Car Light & FP
Chicago
Uta
Clinchfield
Conley
Thafol
Jan
Dee
Unicef & Ip
Duurell
I Dee
Gildner Motor
Ghrland Steamship
Goodyear Tire
Hercules Paper Verden
Mar
Hook
Valle
Toll
Lan
Inter
Lincoln
Locomone Co
Mercer Met
Nat Lentner
New Jersey
Thelus Dodge
Phil
Philip Morris
Taocter & Gm Fado Ca
Uy Ct
Bond
Fon
Republic
G Gan
Lee
Reynolda B
Shiser Mfg
Dinger Mfg
Ling
Boyt
Lloud, Gae & Hi
Stand
Paris
Aus
al Doy
Sriangle
IBM
Union Carbide
Gog & Bla
Iet
Canty
Isi Bpor Ou
Light & H
Gon
Wayng Coat
Bu Jen
Wy Denne
Will & Ranmer
Dee. Rely
Willys Corp
Jat
Jon Ar
Wright Aero
Prairie Ol
Bec
Prairie HL
Aled Ofan
South Pipe Line
Southwest Penn
Bigheart P
Loston
Ind
Hoston Wyoming
Kan
Carib Trad
N.Y. Mar
Dewis
Cosden Co
Swan & Fin
Law
Cushing Pet
Nion
Denny Oil Dominion
Coon
Pti
Eh. Ag
Duquesne
Galliland
May Lobby, Ag
Glenrock Mar
Ag Anglo-Ain
Norley
Mr &, Co
Clover
Hismothy
Pet
Bent
Beth de
NayKay Co
Apt Dee
Boone
Gan
North
Manhattan
Blaylev. C
Firur Apein
Marland BecRibo Gol Gmiph
Merritt
Jace Fan
Mexico
North Am
Ohio
Ray Hilo Fael
Tan
Anne Grand
Anne
Helhe & Co
Pac
OD. W
Az Inter
Selox, Co
East Gulf
Atlantic States
Nat
Leather &S
Tre
Apa Avoy
Searfa
Spencer Bot. Oy
Victoria Oil
Jan Daly
White Dale
Ars Woodburn
Anglo-Am
Berne Bergmeer
Car Chem
Packere P
Abe
The
Gaur & G. We
Homburg
Norway
Cotton economy forecasts amid war inflation and market slump
The piece discusses recovery hopes for cotton as demand resumes, mills increase operation time, and exports rise. It cites silver rally aiding Indian and Chinese markets, looming Egyptian and Indian crop cuts, and past price spikes from 6.5 to 14 cents per pound. It notes policy debates, farm pressures, and potential acts to stabilize markets and liquidity.
Historic 1920s Economies and Labor Strikes Chronicle
A compact ledger lists pivotal 1920 events from January to December, detailing steel strike calls, bank deficits, reserve policies, railroad legislation, court rulings on trusts, wage deals, rate changes, and notable market shocks including a Wall Street explosion and price cuts across industries. It highlights dates, institutions, and key actions shaping postwar economic turbulence.
Comparative Crop Statistics From Washington Estimates
The table compares season crop estimates by the agricultural bureau with census figures for the prior eight crops. Values shown are weights of 500 pounds each, listing years 1920 1915 1925 and others, marking the largest crop on record.
MENTIONED IN THIS ARTICLE
Agricultural Bureau At
Washington
Census Bureau
Optimistic Banker Sees Strong South After Investment Boom
A local bank official expresses optimism that Atlanta and the entire South can weather the current financial storm due to substantial investments in securities over the past year. He notes unprecedented growth in security bond ownership and asserts bonds will stabilize the region’s finances.
MENTIONED IN THIS ARTICLE
Atlanta
South
America
Ablid Securities
Also Mentioned on This Page
Versailles
League of Nations
Warding
Bradutreet
Bureau of Labor Statistics
Noember
Jane H Seeety Patten
Asia
Commerce Commission
Oearan
Doeerher
Iggwest
Arterae
India
York
NW Orlnan
Ciee
E Stock Exchange
Wilson
Cottom- Producing
Financ Corporation
Basia
Sterling Exchange
New York Federal Reserve Bank
House
Senate
Supreme Court
Crucible Stes
Stutt
Stock Exchange
Federal Reserve Board
Bank of France
Pennsylvania
United States Supreme Court
Reading Company
Reading
Federal Reserve Conferante
Ma Uy
Railway Labor Board
Bethlehem Motors Corporation
Detroit
Anthracite Commission
France
Izsue
American Woolen Company
Wall Street
Henry Ford
Brussels Financial Conference
Cuba
Southern Pacific
East Coast Fisheries Company
Calumet & Heels
Bradatrert
Secretary of Treasury
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