Mail Tribune 100, Nov. 20, 1920
The following news items were drawn from the archives of the Mail Tribune 100 years ago.
Nov. 20, 1920
LACK OF STORAGE CHIEF CAUSE OF LOW APPLE PRICES
The present weak tone in the apple market is largely due, according to R. C. Paulus, sales manager of the Oregon Growers Cooperative Association, to the fact that storage space is rapidly becoming scarce in the east, that cash buyers have practically withdrawn from the northwest and to the fact that heavy shipments are being sent east to be sold on arrival, regardless of market conditions.
The eastern market holds fairly firm as long as there is storage space Mr. Paulus says, as apples upon arrival may be stored if the market is not satisfactory.
Shortly after November 1 when shipments east were in full swing, storage space in the east was soon filled. With heavy shipments and no outlet or storage to be had, shippers were forced to sell, and as a result, the market went to pieces.
History repeats itself, Mr. Paulus says, in the apple market as well as in other affairs. This condition of lack of storage and a flooded market existed just one year ago and is in process today, and as a result the market is most unsatisfactory.
For instance, extra Jonathans sold in the Chicago market November 12 for $2.35 box, while the fancy brought $1.97 and the “C” grade as low as $1.18 a box.
Owing to the heavy increase in freight rates and for freight and selling cost expenses, Mr. Paulus points out that from these prices $1.00 a box must be deducted. In the case of “C” grade Jonathans, this would leave less than packing costs.
JACKSONVILLE IS PAID $6,000 FOR LOSS IN BANK
Jacksonville people will have additional cause for rejoicing at their banquet tonight to commemorate the non-removal of the court house, in the fact that the American Casualty Company of New York, through Attorney Miles, its local representative, has just paid over to the city of Jacksonville the sum of $6,000, for which the company was on the surety bond of Wm. H. Johnson, the bank president, as treasurer of the city of Jacksonville.
It is not known as yet exactly how much of Jacksonville’s funds were lost in the bank failure, but it is known that exclusive of the $6,000 surety bond money just paid over, the loss will amount to several thousands of dollars.
— Alissa Corman;email@example.com