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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 08, 1920
Page
62
A skewed OCR styled list shows miscellaneous market items and stocks from various companies indexed with numbers and partial names. It mentions entities like Lincoln Bankers, Empire Trk, American Company, and others, interspersed with stray numbers and garbled text, reflecting a fragmented financial page.
Market report shows cotton and grain prices dropping with improved weather fueling weak demand. Old crop positions steady while July and Inter months fluctuate as traders weigh export data, crop reports, and southern yields. Local and foreign cables note slight improvements in some regions, yet sustained selling pressure persists in new crop months.
The commission reports a 35 percent advance in three months with increased rates and refined classifications. Officials note gains in wages and production, while forecasts point to continued growth and higher expenditures across sectors.
Southern Pacific plans to issue 35,073,000 in equipment trust certificates through Kuhn Tuch & Co. with 7 percent coupons. The issue finances 72 locomotives and 000 box cars for Southern Pacific with Philadelphia trustees holding 22,600,000 in new equipment notes until the trust certificates mature.
Governor Sprauly of Pennsylvania secured letters patent for the Pennsylvania Power and Light Company after the State Public Service Commission approved the joint consolidation agreement. The merger unites Lehigh Valley Light and Power, Northern Central Gas, Ottawa Montour Electric, Northumberland County Electric, Guthrie Electric, and other utilities under the Pennsylvania Power and Light fold company.
The Congress of Agriculture met in Helvlum, Switzerland, with delegates from Wegnem, Holland, Dermack, and other nations. It decided Germany should not partake in the presene conference, while the ash en billigerent countessnaw would be invited to the conference next spring, and began discussions on international relations.
A planned blouse style exhibition will be staged in two weeks by the United Walat League of America in its auditorium. The event announces a formal fashion show with local attendees and aims to showcase new designs and trends for the season.
A chaotic trading session sees corn prices drift lower as import rumors circulate and market players react to unexpected developments. Reports mention large export movements and shifting demand, with mixed signals about court and policy actions affecting futures and cash corn, while industry observers note potential oversupply and cautious sentiment across trading hubs.
In United States District Court, multiple involuntary bankruptcy petitions were listed. Cravens, Rives, and Wesligrmand filed against Craven Be Wananred, with addresses on Riverside Ave and Went on Atrest. Schuman Brothers petition against David Siernharde Abraham Schuman references 913 Seventh Avenue. Hermant Geraten petitions against Hednen Ovi and others appear amid the same docket. Mildred Young insolvency matter noted, with filing by Young and partners.
Disjointed OCR text lists judgments filed in New York County court, naming Andy Jeramy and others, with scattered references to organizations, individuals, and places. The fragmentary material hints at legal actions or financial judgments without coherent details or dates.
American Acceptance Council data reveals a one percent decline in maximum rates for buyers' acceptances from major banks, amid retailers extending bill payments and delayed merchandise deliveries. The report notes cancellations rise as firms adjust to shifting orders and cautious consumer spending.
Textile sources report cotton shirting materials, unfinished and finished, selling out with next November expected shortages. Large manufacturers cut spring yardage, with some holds on orders, while silk markets weaken and prices diverge between top and lower grades. Demand softness and banking pressures push producers toward shorter workweeks and delayed shipments.
Raw skin dealers in the local fur trade show signs of funding strain as advance shipments are offered, with jewelers and traders naming London fur auctions and season expectations. The piece lists numerous dealers and firms, noting shifts in demand and anticipated seasonal scope for pearl and platinum jewelry and related markets.
The weekly leather market reports softer hide prices with prices for pelt grades down to 3 cents per pound in some districts. Traders note tannery operation reductions and accumulating old orders while foreign centers show slowing demand and price adjustments.
A blaze at a Gil plant caused about $100,000 in damage with initial reports noting an air likely start. Firefighters battled tanks and refinery buildings as authorities investigated the scene near South Front Street in Elizabeth, New Mexico.
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