Untitled

Digger (Invercargill RSA), Issue 36, 19 November 1920, Page 4

One Havana tobacco corporation, specialisiag in choice brands, is said to have received an order for 50,000,000 cigars. "The period of hesitation continues," says the New York Guaranty Trust Company's circular for September 10, "due chiefly to uncertainty regarding the course of priees in the immediate future. The judgment of most observers is that before the end oi the year a definite trend will make itself felt, and the opinion is general that lower levels will prevail. For several months the recession in wholesaie prices has been eontinuous, and it will be reflected in the retail markets as soon as dealers recognise the inevitarble necessity of taking some losses in order to stimulate the lagging purchasing of the public. Until that turn eomes, the present disposition to maka commitments with extreme reserve will continue. There is great improvement in the congested condition of the railroads, although the strike of anthracite coal miners, which has resulted in new arrangements for the allocation of cars, has interrupted the smoothing-out process. All business is feeling the effects of the credit stringency. The crop movemant is proceeding satisfactorily.