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This newspaper page contains 18 articles. Subscribers can read the full text of each article.
Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Dec 01, 1920
Page
10
The wheat market opened with a two cent rise but soon eased as fears over bank failures and a Seattle grain house collapse weighed on buying. Traders liquidated longs toward the close amid cash market pressure and uncertainty about cash wheat availability. No. 2 red and No. 2 hard were quoted in New York, indicating a tentative tone in the spot market.
The brief market note shows limited demand and easing prices as few buyers and sellers remained active. Commercial houses reported moderate activity with some short covering by shorts and mixed price movements across districts and commodities.
The document lists Fidelity International Aust Company financial items including bonds and other investments, deposits and borrowings, customers loans, letters of credit, and bank balances. It references multiple entities and places, including Chambers Street, Wall Street, and various railway and utility references, with scattered figures such as 950,003 and 20,725,531. The text appears as a damaged ledger excerpt with numerous OCR errors and interleaved names.
The National City Bank’s December review warns of a sharp drop in farmer purchasing power across the United States, tied to lower market values for agricultural products. It notes price declines, reduced farm income, and ripple effects on labor, credit, and farm equipment demand, with uncertainty about recovery.
Fragmented OCR text shows dividend notices and financial notices from a New York firm. Names like Chaney Street and New York appear in damaged form. The excerpt references November and December dates, a corporation and a treasurer, with scattered references to a town and street addresses.
A dated market notice lists livestock and provisions with prices such as beef and mutton figures, station drops, and assorted meats. Entries include weights and amounts in dollars and cents, noting market shifts and regional vendors in New York and nearby locations.
The silver market fell sharply as selling intensified from Saturday into Monday, with prices dropping well below the prior day. Analysts and brokers, citing a large backlog of metal and limited supply, warned of continued weakness while buyers sought lower quotations amid systemic selling.
A general uplift in cotton goods trading signals a possible revival as orders rise though remains modest vs last year. Buyers report scarce immediate-delivery materials, with converters and printers active while large producers trim cloth reserves amid easing Western commercial paper rates and easier bank credit shaping demand.
Secretary Allison of the International Association of Garment Manufacturers cites two cases where intense sales methods revived business amid dull conditions. A Midwest department store reported a 1 percent rise in crys sales last month despite weaker women’s wear, while an New England campaign boosted overalls sales to consumers at 44 a dozen, despite wage and strike disruptions.
The board of directors will meet at the organization headquarters tomorrow at 11 a m. to consider adopting a standard signed order blank. The move has endorsements from retailers including the National Retail Clothe ries Association. Directors will also discuss a new bill to revise laws against fake sales and curb recent abuses.
Much mail to textile agents requests new price lists to base inventories. Robbers and retailers prepare annual or semi annual counts early and to secure stock at market rather than cost. The Treasury Department permits this for income and profits tax purposes, and it is widely adopted.
In the past week several manufacturers have slashed prices on stock goods to speed clearance. Retailers are matching cuts with lower costs, offering printed percalon at 96 cents and woven and corded madras shirts at 215, as high-priced merchandise is shed.
A conference on cancellations of orders returns of merchandise and trade regulation is set for this afternoon at the Waldorf Antania Motel. Prominent textile men from Philadelphia attend a series of meetings and invitations have been sent to all branches of the textile trade.
A.B. Tregoe of the National Association of Credit Men urges American exporters to use caution when doing business with South and Central America and the West Indies. He cites a serious post slump financial condition south of the equator due to lower prices for sugar coffee wool hides and cocoa and loan repayments to France and Britain. He says drafts have been extended by merchants hoping for improved exchange and stresses obtaining reliable credit information before extending credit.
A cable from the National Bank of South Africa reports government revenue for the first six months of the year totaling £13,? with expenditures rising. Mineral output for September shows gold at 17,? ounces valued high, diamonds down, coal and copper shipments noted, and mining labor showing marked declines.
A guaranty agreement among wholesalers and retailers at Atlantic City expired on November 14, prompting a broad reduction in overcoats. Stores are cutting 25 to 80 percent on coats while suits had steeper cuts earlier. Clothing makers note remaining stock and continued demand as fall selling begins.
Diamond trade activity this year shows strong demand with sales volume exceeding supply. A recent report from a diamond merchant notes rising prices and cautious spending by buyers as the market reflects limited availability and steady turnover.
Fragmented OCR shows buyers arriving and a long list of company names and origins tied to American Wholesale Company and various Baltimore addresses. The text mentions auctions, shipments, and multiple street areas, indicating a bustling, ad heavy page on wholesale trade and local commerce.
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