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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 17, 1922
Page
7
Market brief notes uneven conditions show steadier prices in ice and related sectors despite mixed demand. Several firms listed small gains and losses as pressure eased, with some oils and energy issues cited as maintaining firmer prices while others sagged.
Big export sales spurred firm closes in wheat with July at 1.11 and September near 1.11N, corn and oats mixed, provisions varying. Analysts note seaboard buyers placed thousands of bushels, while market sentiment reflects reduced forced selling and a midday wheat rally despite high warehouse stocks.
The cotton market showed early declines followed by strong rallies driven by bullish weekend figures and rainfall in the extreme Southwest. New crops weathered gains, with July contracts rising from 21.28 to 21.06 cents and closing near 21.85, while the market overall closed steady with modest advance amid weather and supply concerns.
Fragmentary OCR text mentions Creamery and various place names, amounts, and items. The readable phrases reference a country produce matter, retail terms, and scattered numbers. The text lacks coherent narrative or clear event details to form a concrete news item.
Business note reports mail order houses easing up on stock and increasing orders. Leading firms seen boosting volume in recent weeks, with other suppliers also noting higher orders from mail order channels. The trend signals growing confidence and a broader, nationwide uptick in mail order commerce.
General business near Philadelphia shows distinct improvement per the mid month outlook bulletin by William A. Law president of the First National Bank of Philadelphia. He notes manufacturing activity up and forward buying steady, indicating optimism in better times and future commitments. The trade quickening may rise with the freight rate cut awaited by buyers for months.
A new neckwear style spreading from a small Scottish town to England gains notice in fashion circles. The trend, once popular in England, arrives in this country aided by American manufacturers showcasing a fuller knot and sleeker silk fabric for fall wear.
Western and foreign primary wool markets display a halting tendency with price limits cut and a slight recession from earlier highs. Kerrville prices show only modest declines, while tariff signals from Senate action suggest faster progress on the bill with possible moderation of extreme raw wool prices. The dye case injunction in St Louis restrains Fuske from using certain processes. Ribbon Silk Velvet Association formed as industry consolidates.
Henry Broder, famed dress manufacturer, has been elected vice president of the Terminal Exchange Bank of New York and will oversee the bank’s new business department. Broder’s appointment solidifies ties between fashion industry leadership and corporate finance in the city.
A federal commission urged Congress to require railroad companies to operate public terminal grain elevators. The report cites improved financing for terminal improvements and changes to grain quotations. It warns that elevator operators gain undue control of grain at terminals, risking manipulation of futures and undermining market confidence.
Detroit dispatch reports continued rapid auto production with no immediate slump despite warmer months. Manufacturers note peak demand boosts models from leading firms while standard-makers may face declines if demand wanes, prompting new models and improved refinements. Labor gains and banker support bolster plans to fulfill orders nationwide. Inclosed car demand rises as buyers trade off open models for cheaper, with some makers predicting open models limited to suburban touring.
Washington reports mixed wheat conditions in Europe with France and Norway showing variable progress while northern Africa and Egypt run above average. Central Europe gains moisture from warmer weather, Egypt cotton steady. Southern hemisphere and British India wheat up about 100 million bushels from last year. Potatoes: USDA forecasts Irish potato production at about 200 barrels per acre in producing states, yielding roughly 1,700 barrels more than 1921, indicating higher overall output after early Southern crops move to market.
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