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Newspaper
Fort Wayne Journal Gazette
Location
Fort Wayne, Indiana, United States of America
Date
Jun 25, 1911
Page
6
A store promotes a mighty clearance offering any coat or dress in stock for $10 regardless of former price. It includes silk and wool garments from domestic and foreign designers. All suits and coats in every style and color are in the sale with first choices for early shoppers. Profits are said to be sacrificed to clear stock.
An ad lists imported suits previously priced up to 160 dollars now at 10 dollars. It highlights two black satin French models, an Eton suit trimmed with Maltese lace, a black voile Duchess satin suit, and a range of serge, broadcloth, and Sicilian fabrics. Also touts Wealtex suits and foreign style fashions, all at ten dollars with broad sizing and guaranteed quality.
Strong weekly activity across financial circles notes rising grain shipments and optimistic wheat crop prospects. Kalamazoo and Fort Wayne bank clearances diverge before standard reporting aligns figures, while Wayne Knitting Mills stock sales near completion and garment demand shifts affect gifts and velvets, with banks and trust firms posting solid reserves and deposits in New York.
The dry goods column notes cautious buying before midyear stocktakings, with expectations of stronger demand after July 4. Cotton goods makers face high raw material costs and rising prices, while knit goods see tighter margins but stable demand, and wool and worsted sectors show varied conditions.
New York June 74 The statement of clearing house banks indicates that the Danis hold 56,985,500 more than the 25 percent reserve requirement. Details list loans 1,961,385,000 with 31,584 increase, specie 392,140,000 up 2,049,000, legal tenders 85,201,000 up 2,192,000, deposit with mem bers 72,288,000 up 6,838,000, net deposits 1,824,563,000 up 1,648,000, and circulation 48,220,000 with an increase noted.
Dun's Review reports a strong current week with 5,388,710 across leading US cities, up 18.2 percent from the previous year and down 27 percent from 1903. New York shows a 171 percent gain, while stock and financial markets in 1905 partly explain a minor one percent decline. Outside markets rise overall, Pittsburgh shows a drop, and Boston and Cincinnati lag behind.
Several elegant coats on sale with heavy discounts. Moire and wool-back satin models listed at 10 dollars from 35 dollars. Evening wraps and broadcloth coats priced similarly cut from 25 to 30 dollars to 10 dollars. Blue and black serge coats and light-weight summer garments also marked down to 10 dollars. English rain coats offered at 10 dollars from higher prices.
June 24 New York stock market opened to a damp mood but surged as the long delayed Union Pacific Southern Pacific merger ruling against the government sparked a rally. Harriman stocks led gains with broad advances in the standard group while government bonds held steady and overall activity reflected a nervy but buoyant sentiment.
The LaGrange town board passed an ordinance to require G R and I R R to place crossing watchmen at the Michigan and Spring street crossing by August. The state railroad commission reviewed the order, supporting watchmen daytime but opposing all‑hour gate operation, and the board is expected to amend the ordinance accordingly after a commission visit by I F McClure.
Van Wert Ohio June 24 Joan Miller aged 70 died this morning of complications. A Civil War veteran and lifelong resident of Allingham Street he was survived by three sons and two daughters with relatives in Fort Wayne Sherwood and the local city. A community gathering earlier honored local figures and hosted hospitality for guests at the Home Guard temple. Also reported Mrs Caroline Davenport of Cincinnati injured in a fall at the McConahy home. In Warsaw Indiana a reception marked the high school graduation of several seniors with a large attendance and a musical program plus refreshments. Baseball scores from Hof Brau by innings were reported.
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