New York Store Uses Racket to Down Prices
A New York retailer advertises wholesale and retail cuts in a price reduction push. The notice hints at underbuyers and tellers involved, signaling a sales strategy aimed at boosting volume.
26 Sep 1895
Page 1
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Newspaper
Durham Recorder
Location
Durham, North Carolina, United States of America
Date
Sep 26, 1895
Page
1
A New York retailer advertises wholesale and retail cuts in a price reduction push. The notice hints at underbuyers and tellers involved, signaling a sales strategy aimed at boosting volume.
Colonel W H Proctor defends merchants and clerks against harsh charges from critics and urges payment of bills. He condemns nonpayment as driving merchants to ruin, notes sheriffs closing doors, and calls for reform and honesty in Durham business practices.
The article covers Durham merchants and Alliance supporters arguing over currency policy led by Maj. Guthrie. It notes a picnic and speeches on finance, with remarks by Col. Carr and a barbecue feast. Attendance was around 260 despite heat. Dr. Cyrus Thompson and W. K. Henry attended in part due to date changes.
The Durham Fertilizer Co. joins a trust while Mrs. Follett studies New York millinery trends. 23 new members join Main Street Methodist Church as Durham folks attend silver conventions in Raleigh. East Durham factory struggles to fill orders. tobacco comes in for resale. A late week wedding adds to local events, and a rooftop fall sends one man to bed. Business lines shift as piano sales rise and wall paper is promoted, with rail workers facing minor injuries.
Numerous items recount incidents in Durham and Raleigh areas including a vessel seizure at Southport, a court hearing in Wilmington, a new Chapel Hill electric plant soon lighting the town, and a cigarette machine trial at Duke. Also noted are marriages, church matters, Mormon activity in Wake County, and rail line earnings increases across several lines with expected expo travel.
A Raleigh death is announced for Rev W H Cunninggim aged 48 after last Saturday night. State University reports 400 students with 150 freshmen. Raleigh Presbyterians pledge 9000 toward a 20000 church project. Marriage ties W C Gattis of Raleigh to Alma Williams of Charlotte. Southern Railway sees E Berkeley resign. P Wells named successor. Board names officers effective Oct 1 with A B Andrews VP, Wm H Baldwin Jr VP, W W Finley VP, P I Wells superintendent sixth division. Finley to remain based in headquarters.
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