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Newspaper
Chicago Packer
Location
Chicago, Illinois, United States of America
Date
Nov 14, 1925
Page
1
New York merchants in the juice grape trade suffered about $20,000 from counterfeit certified checks used by crooks posing as buyers. Two men, including John J. Stein of Brooklyn and Phillipo Pep, were arrested. A Papalia and Felix D'Albora Co. losses run to thousands. Investigators suspect a broader gang and possible bank involvement. stamps and fake names plus carloads of grapes circulated amid holiday delivery rush.
New York City and Brooklyn continue under potato embargo with about 700 cars in yards. At Thirty-third Street 83 cars, Sixtieth Street 165, Harlem River 200, Bushwick 180, plus others at smaller junctions. Prices vary from $3 to $7 per 180 pounds bulk, while demand remains weak and shippers refuse lower offers.
Canadian rut abagas were lower than last week with shippers quoting 2.25 dollars per 140 pound bag and 1.45 dollars per cwt bulk delivered locally. The market was about six cents per bag lower than the prior week, with turnips selling around market places at 2.40 to 2.86 dollars per bag.
New York, Nov. 13. A creditors meeting for Louis Postinick, a Wall Street fruit and vegetable jobber, reveals total debts around $62,000. He owes $42,000 in auction firm charges and $12,000 for goods sold on the street. He has no assets to satisfy claims, with major creditors including Bank of America about $3,000–$4,000 remains, Inwood Trust Company $17,000, and Public National Bank $1,700.
Houston reports that the protective quarantine in 19 counties around Harris Galveston and Brazoria was lifted at midnight last Thursday. Shipments resumed outside the area while Harris and most of Galveston counties remain under the old rules, with Brazoria east of the Brazos River also covered. Dr Marion Imes, federal director, announced the readjustment of regulations for foot and mouth disease eradication.
Northern California celery market remains active with heavy movement in San Francisco on November 13. Dealers report strong demand and ample celery to meet requirements, though mullet sizes are slightly short. Quality is high due to favorable growing weather and conditions, with expectations of continued demand for upcoming holiday trade.
Washington November 13 The Bureau of Agricultural Economics reports apples in cold storage on November 1 1925 at 3 600 000 barrels 8 690 000 boxes and 1 773 000 bushel baskets. Comparisons show declines from 1924 and five year averages. Small Brooklyn bankruptcy case notes Guiseppa Jro fello of 114 West Ave Wallabout Market petitioning with assets at 508 and liabilities at 4052.
Chicago reports its second major business collapse in a week as Grossman Distributing Company closes amid about $64,000 in debts to railroads and banks. Principal creditors include Santa Fe $16,000 and CN $10,000, with substantial amounts owed to several lines and a bank note. The firm, incorporated May 1924 after the dissolution of Grossman Fruit, had earlier run fruit and vegetable trade in Chicago, with prior losses dating to 1922.
An excerpt notes an early financing role by Warder in the Growernun Distributing Company, with Jarder as president and an accounting background on South Water Street. It states Grossman Distributing relied on Warder for finance and office work, while Grossman supplied the trading base.
In Grand Rapids Michigan dealers wait as field frosted potatoes from late October hit the market and prices range from about 1.75 to 2.00 a bushel. Most fields have been harvested but up to a million bushels may never be picked. Apple losses mount with over a million bushels ruined. celery and onions firm while greenhouse produce shows strength.
Cornelius J Morris Jr producer merchant of East Thirteenth Street and Avenue X Brooklyn filed for bankruptcy. He lists assets 3406.84 and liabilities 3275. Apple exports for the week ending November were 193391 barrels and 388621 boxes, with year to date totals rising versus last year.
New York press reports a spirited demand for California Valencia oranges with high prices for fancy grades. Auction notes show limited California supplies and strong activity on Thursday, while Florida and Porto Rican fruit faced mixed demand and price declines. cultivated Porto Rican oranges remained sought after though prices eased.
A brief notice explains that The Produce Packer is a weekly newspaper focusing on market and trade for produce, separate from The Packer edition. It invites readers such as shippers and distributors of com poultry butter hides wool furs to request a free sample copy by mail.
Public hearing by the National Perishable Freight Committee in Chicago at Union Station building 516 Wast Suckton boulevard begins 10 o clock Wednesday December 2. Shippers receivers and other parties may present views or contact Chairman Lt Dearborn. docket items cover car delivery on tracks bunkers false floors intrastate movement car availability refrigeration charges and handling of fruits and vegetables across interstate routes.
An involuntary bankruptcy petition was filed Tuesday against Gordon and Ammer, fruit and produce jobbers at 48 Washington Street, by American Trust Growers Inc, TL & M. Dingfelder, and Samuel Rosenblum Inc. The firm owes about 36000 with roughly 12000 in trade liabilities. Creditors move to investigate despite continued operations and stock on hand.
New York Nov 13 There was no meeting of the creditors of A Papalia fruit seller 128 Park Place in the Fruit & Produce Trade Association room Wednesday afternoon Papalia owed merchants in the trade about 23000 to his bank and the balance to auction companies Creditors accepted a 26 percent note and 10 percent in 30 day notes and 5 percent in a tint note endorsed by Peter Papalia partner in Smith & Co Papalia was a victim of a bogus check scheme with losses of about 6600 from stolen proceeds If anything is recovered it will go to Ward Smith secretary of the Trade Association Papalia said he lost about 8000 in a lemon deal 2000 in grapes and the bogus check imposition was the arrow that broke the camel's back He has an excellent reputation for honesty and has been well thought of by the trade.
Kansas City dates report Stanley J Thomas in business as Thomas Gordon gave a check on Des Moines National Bank that was presented and returned unpaid. The potato firm owning the questionable document seeks Thomas, with inquiries at Osage Iowa and word he was in Omaha but not located.
The New York branch of the National League of Commission Merchants will hold its annual meeting at the Waldorf Astoria on Tuesday with a 6 30 dinner. Members are urged to attend as new officers will be discussed and plans for the national convention January 10 in New York next year will be laid.
Damaged OCR recounts Warnecke and Bockelmann facing about $50,000 in liabilities. It details missing partner contact since November 1 after wire transfers, loans on butter to buy apples, and attempts to raise funds to cover creditor debts. Bankrupt filings in United States District Court at Chicago.
A conservative estimate places the Ozarks apple crop value at about 8.16 million dollars with a 6 000 carload yield. Through mid November 900 carloads stored in Springfield area while 400 cars remain in orchards. harvest to finish by early next week.
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