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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Dec 07, 1920
Page
9
Market activity showed varied movement with prices easing for several key items while others rallied slightly. Traders noted thin volume and caution after a day of mixed signals, with some sectors posting small gains as others declined.
The letter discusses general investment guidance for bonds and stocks, noting approaches for foreign bonds, dividend considerations, and security of various issues. It highlights that shares of Ontario or U.S. firms may offer safer opportunities, with a cautious view on speculative issues and a preference for well secured, high credit instruments while acknowledging market variability.
Textile manufacturers cite genuine money shortages and limited resources as the reason for failing to seal deals for finished goods. Mills report reduced output and curtailment of merchandise value as banks hesitate to finance future operations. Commercial paper rates shift as acceptance terms adjust under American Acceptance Company guidance.
Washington reports Oct trade figures show Britain and Japan as only large nations reducing U.S. purchases, while Germany Canada Mexico and Chile offered higher U.S. imports than a year earlier. Exports to Italy France and Argentina rose with varied import totals. Canada showed strong export growth and imports fell.
A former Polish minister argues that a German trade pact is essential to Poland's reconstruction program. The statement comes amid a tense, reshaping cabinet scene and political shifts as the government seeks stability and economic revival through international agreements.
In a tense session, Prime Minister Grabski urged redaction of Poland's army size and budget cuts. The plan, backed by Jan Stecskosch, targets saving about 100 million marks per month, with Grabski referenced as essential to securing the stream of revenues essential to balance the finances.
Open Market Rate changes for money orders to Italy and Europe via the Federal Post Office detail new remittance pricing. The Post Office moves toward market rates, with December 15 as a key date for applying this logic, including new dollar to foreign currency conversions for $100 remittances.
A Sunday Tribune feature presents four full columns of investment questions and answers. The recurring section offers readers guidance on portfolio choices, market trends, and financial planning.
American Woolen Co. plans an open bid sale to clear surplus overcoat fabrics. The event, December 14 in New York, will feature over 3800 pieces and 700 sample items, with a catalog to be released next week. The move signals retrenchment amid a weak cloth market and uncertain demand.
Retailers on Fifth Avenue report difficulty in locating reliable replacement values to set current prices. Executives note price-reduction ads in papers often mislead about actual values. In silk, hosiery, wear, and footwear, manufacturers offer lower current year goods while delivering later, creating complex pricing. Chicago shows November sales down per cent year over year, with Montner Ward Co reports.
The NCR Dayton Ohio plant reports 40 percent of workers reenlisted in improved roles with higher efficiency. Ten months ago the workforce stood at around 1000. reductions occurred as tasks were trimmed and skilled labor replaced by more capable workers. Standards in the segment departments rose significantly.
A cotton goods merchant argued yesterday that farmers can purchase more despite decreased purchasing power from lower prices for farm products. He blamed excessive talk for dampening buying and noted grain and food prices influence spending.
The National Wholesale Dry Goods Association press letter states wholesalers must pass price reductions to final consumption. Retailers hesitate to lower prices before holidays, though where reductions occur sales rise, moving surplus merchandise and supporting employment and purchasing power.
The report notes Taf prices declined while other items remained higher. Merchandised goods show mixed results with some categories dropping while food and clothing costs edge upward, influencing household budgets.
Market mills face ongoing liquidation in cotton goods with high priced raw materials. Sellers of finished stocks struggle to load inventories amid weak demand and distress in the market. Converters and pattern desists weigh options as industry giants brace for further price adjustments and finishing costs.
Fragmentary listing shows a busy fabric and garment trade near Fourth Avenue and Main, with shops such as Wayns & Co and Headway, offering shirts and cloth. Mentions of basement storage, openings and closures, livery, and various suppliers hint at a dense business district. Names like G. Wo Roa appear among scattered references, with no coherent narrative or date.
A crowded display of newspaper classifieds from Chicago and surrounding areas lists clothing, furnishings, draperies, and related wares with numerous names, street addresses, and shop designations. The fragmentary text mentions buyers and sellers, shops in Chicago and nearby cities, and various categories like coats, underwear, tailoring, and haberdashery.
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