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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jul 01, 1920
Page
4
A clearing house committee charged with standardizing bank hours and related fees will not report for another two weeks. Chair Mark Haynes said the panel remains unified and will issue a formal report after July 1, with potential recommendations on uniform hours from 9 a.m. to 2 p.m. and four-evening openings monthly.
A catalog of market items shows eggs at 43 and 42, cheese with June-heid at 35 and 30, and butter around 68 to 61 cents per unit. Dressed poultry lists fresh spring chickens 75 and 10, hens 42, roosters 30, turkeys 54, while live poultry notes roosters and turkeys with assorted prices. Various fruits and vegetables include apples per barrel 5.00 to 13.00, Florida oranges 10.40 to 11.00, potatoes No 1 at 11.00–12.00 per barrel, beans per basket 1.50, and strawberries 20–25 cents per box.
An advertisement touts Calotabs as a modern liver cleansing remedy replacing calomel. One tablet at bedtime purports to purify the system with no taste or nausea and a next morning boost in appetite. Genuine Calotabs sold in sealed packages for thirty five cents with money-back guarantee.
W B Hibbs Co notes list of foreign bond issues and government papers including French to US French Temium British Victory 4s Italian notes Belgian Restoration 5a and 6$3 German state and city bonds such as Berlin 4s Cologne 4s Dresden 4s Hamburg 3s and various banks and utilities bonds including Krupp and Badische Aniline 4s. The catalog covers German and Austrian issues with values in 4s and 5s plus several Vienna notes.
Chicago June 30 market shows weakness as month-end liquidation reverses earlier gains. Corn drops to 1.72% to 1.73 for July, 1.68% to 1.69 for September, oats down 0.5 to 1.0, and provisions slide 1 to 2.25. Cash grain and futures prices listed for a range of varieties and months.
Federal reserve board notes a readjustment phase with low mood in some sectors while crops show broad improvement and money conditions improve. Transportation and credit control show progress but labor unrest and car shortages hinder manufacturing. cotton crops remain weak, price cuts spread through retail, and deflation pressures grow.
Fifteen American insurance companies create three marine syndicates to underwrite American vessels up to 2,500,000 on a single risk. Chairman Benson of the Shipping Board cites threatened British withdrawal as Jones act prompts reorganization. Two syndicates confined to American firms, third with two thirds American control and one third foreign, marking a radical shift in U S marine insurance.
The National Coal Association announced injunction suits against railroads to end discrimination in coal mine car distribution. The move follows a message from Rush C. Butcher detailing plans to file suits wherever needed to break up the assigned car practice.
Chicago counsel notes Federal Judge Dayton in Philippi West Virginia has granted a temporary injunction directing equitable distribution of cars. Markets report a quiet day with fluctuations and evening-up commitments cited by brokers. New York and Baltimore price lists cover butter eggs cheese poultry sugar coffee and metals with wheat corn oats and copper futures and spot quotes included.
Ohio supporters shift allegiances as Maryland and Mississippi delegations line up behind Cox. West Virginia switches toward the Ohio favorite while Pennsylvania Irish delegates spark rumors. A/Bor guggested plane offer to move Cox to California is declined amid crowded hall scenes.
The guaranty Trust Company reports a $1,006,000 damage suit against Theodore P. Shonts, former IRT president, pending at his death. Amanda O. Thomas and Mrs. Shonts may gain nothing from the estate if judgment is revived, with Conklin alleging a franchise deal involving New York and Chicago motor bus ventures. The action concerns alleged losses tied to financing rival coach and stage companies.
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