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Newspaper
Canton Daily News
Location
Canton, Ohio, United States of America
Date
Jun 13, 1920
Page
28
Dunn notes national uncertainty and approaching summer curb business yet price pressures and transport remain dominant. Relief from traffic jams is slow, price reductions seen in wholesale and some commodities. buyers hesitate, cancellations rise as downward revisions spread. Imports widen, competition sharpens, bank clearings narrow, signaling broader price relief ahead.
Kansas City Missouri Chamber of Commerce committees report on the local traction situation shows the cost of service per revenue passenger carried has increased by 75 percent since 1915.
In Cleveland on June 12 reports show de moralized traffic in iron and steel easing slowly but production remains at 60 to 70 percent. Car shortages and crowded yards keep many plants cutting output while mills and independents push steel bar contracts and bar prices hold firm amid tentative demand.
The Joseph Dick Manufacturing Co. bought the Brown block at 1407 1409 Tuscarawas Street W from Ned R. Goldberg via C B Bolender Real Estate. The first floor will house offices, with remodeling of the lower floor in progress. Upper floors to be rented for now. The site fronts both the B and O railroad and Tuscarawas Street West.
Bank clearings for the week ending Saturday rise to 5 110 137 85 marking the first time above five million since April. Daily totals ranged from 722 803 8 to 987 233 54 with a weekly gain of 490 750 64 over the prior week. American scientists study the upper Orinoco and Negro river basins in Brazil and Venezuela.
A reader's list of securities with bid and asked prices for Canton area firms and financials including American Rubber & Tire BU POG Belden Brick Company Diebold Safe & Lock Gillam Mfg. Co Hercules Manufacturing Holmes Automobile Co Massillon Electric Metropolitan Paving Millier Rubber Ohio Power Otis Steel Republic Rubber Stamping & Enam Stark-Tuscarawas Timken-Detroit Axle City National Bank Citizens Building & Loan Commercial & Savings Dime Savings Bank and others with price quotes on common and preferred shares.
Paris records a stunning art sale as five thousand dollars buys a single egg painted with an exquisite eighteenth century miniature. The find draws attention to decorative art markets and rare collectibles.
The market rose as the Chicago convention adopted a moderate platform with constructive proposals and avoided radicalism. After light early volume, buying accelerated with balloting, suggesting an upward trend into early summer though the money situation and country credit for crops may influence any later pullback.
Dine DeWeese Co of Canton elected vice president of Lucius Manufacturing Co Massillon at the annual meeting. V Lucius named president and C J Roberts secretary. New plant planned 100 by 200 feet five to six stories high for rivetless gas steel tanks and other fabricated steel products.
Kansas City taxi firms adopt benzo-gas a mix of gasoline and benzol claimed to raise mileage by about 25 to 35 percent. The new fuel dubbed joy fluid appears in local use with taxis leading adoption.
Canton's new Kolp Greer Realty Sales Co incorporated this week with 50 000 capital as a subsidiary of Charles A Kolp real estate agency and branch of the Realty Trust of Cleveland. Board includes C A Kolp C S Greer Magnolia Banker and A H Snively. The firm aims to raise capital and build up to 600 houses for manufacturers and will engage in brokerage loans sales transfers and construction finance.
West End building at 50 by 87 feet on Tuscarays and Brownay NW, L shaped, three stories, occupied by Farwick Bros, sold for 334 dollars. Purchasers FC Farwick and Joseph W Farwick own Farwick Bros candy store in the brick structure with five rooms on first floor and apartments above. New owners not yet announced. improvements in the second and third floors.
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