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This newspaper page contains 7 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 30, 1920
Page
6
The letter argues that market conditions offer rare bargains in investment securities. It compares tax exempt municipal bonds with corporate bonds, notes investors selling safe high yield, and stresses discrimination and safety in purchases while urging readers to buy now. It cites examples of bonds misvalued relative to reproduction cost and income tax considerations.
A damaged OCR fragment shows a dense catalog of securities and institutions. It mentions Dry Dock Savings Institution and Amied Highway, various bonds from Federal and Joint Stock Land Bank, and entries for firms like Armour, American Thread, and Proctor & Gamble. Numerous place names and dates appear amid the spread of securities.
Cotton futures rallied after an early decline that set new low records for most deliveries. January rose from 13.750 to 14.52 cents, closing above the prior day’s 14.02 cents as traders covered shorts amid potential harbor labor strikes. Local spot markets firmed, with Southern and Gulf quotes steady to higher, while reports noted limited sales and a cautious mood among traders awaiting next-month delivery and export activity.
Readable text shows demand remaining steady as raw sugar prices rise. Trading mentions futures near recent highs, with letters and numbers muddled but indicating firming in the market. Influences include Cuban offers and West Coast activity, though specifics are unclear.
Fragmentary OCR notes mention bids, prices, and currencies with disjoint phrases. The text references Croat pilot, cant values, four-year campaign, and rising/open prices but lacks coherent facts or a complete event to anchor a summary.
The wheat market rose after early losses as shorts covered amid light trading. Prices closed with gains for the day, with No 2 red at 1.99 and No 2 hard near 1.65 to 1.70 after a tumble on Monday and Tuesday. The upturn was seen as a firmer technical position prompting covering in a thin market.
The corn market reversed an initial dip as December deliveries reached 144,000 bushels in Chicago. By day’s end, prices posted net gains of 1 to 2 cents. The New York cash market showed mixed activity with futures influenced by nearby shipments and market sympathy for covering.
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