The San Antonio Light (San Antonio, Tex.), Vol. 42, No. 347, Ed. 1 Monday, January 1, 1923 Page: 12 of 12
This newspaper is part of the collection entitled: San Antonio Light and was provided to The Portal to Texas History by the UNT Libraries.
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SHOE TRUDE
. IMPROVES IN
PAST YEAH
Steady Gain Toward Normal
Conditions Noted During
Season Just Closed.
SITUATION IS HEALTHY
New Year Indicates Better
Grades of Footwear Will
Be in Demand.
By JAMES H. STONE.
President and Editor The Shoe Retailer
The beginning of the year witnessed
a deadlock between the manufacturing
and the retail interests in the shoe
trade. The manufacturers had their
selling staffs on the road from Septem-
ber to the first of the year working
for the usual advance spring orders
'but the retailers had steadily refused
to commit themselves far into the fu-
ture and were playing the hand-to-
mouth method of placing orders. In
January however a large volume of
orders was placed and since that time
the factories have struggled along on
orders for immediate delivery.
This has presented many difficulties
for the manufacturer in getting his
supplies and holding his organization
and has caused more or less
intermittent production which is never
a satisfactory condition of economical
operation. There is now a slight (and
I hope a growing) tendency on the
part of retail mercahnts to have some
confidence in the future and a greater
willingness to assist the manufacturer
by placing advance orders in greater
volume and allowing more time for the
execution of them.
Seeking Lower Coste.
In spots there has been a reduction
of an average of 10 per cent cost in
the direct cost of shoe labor accom-
panied by the usual labor resistance
and resultant strikes. The manufac-
turing branch has effected some econ-
omies in overhead that are evident in a
gradual lowering of shoe costs. These
economies have been.partly offset in
the past 60 days by an increase in the
eost of upper and sole leather due to
a rise in the price of raw materials
to the tanner. Hides and skins have
reacted from a too low price in 1920
and 1921 and now seem to be work-
ing in accordance with the natural law
of supply and demand.
Shoe prices can be said to be stabil-
ized for the present and for some time
to come. Any further changes will be
slight fluctuations based strictly on
supply and demand. The tanner is
working as close to his orders as is
the shoe manufacturer; and any sud-
den demand for shoes puts the manu-
facturer in the position of bidding up
the price of the small available sup-
ply of wanted leather on hand which
is not large. Thus as at present we
are as likely to see slight advances as
slight reductions in shoe prices.
General Situation Healthy.
The general situation in all branches
is a healthy one in the sense that
stocks are all well in band and there
is a universal determination to avoid
any semblance of speculation creeping
into the industry. The retail mer-
chant is buying frequently and close
to his needs the manufacturer is buy-
ing his materials against orders and
the tanner in turn is buying raw
materials only about as fast as he sells
his stock on hand. All are alive to
the necessity of price stability and
none wants to see prices rise unduly.
In the retail branch of shoe distri-
bution as in all other lines there is
evident a return on the part of the pub-
lie to buying better grades of footwear.
The stores selling.high grade lines will
close the year with a relatively larger
amount in business. The shoe indus-
try has suffered from overproduction on
the cheaper and medium grades and a
large part of this product finds its way
into “bargain basements" so called and
in “cut price” stores. As a result the
stores selling the medium grades have
had a year of severe competition.
Prospects for 1»23.
The prospects for 1923 can be
viewed with optimism. Fundamental-
ly the industry is overexpanded in
the manufacturing branch. Old fac-
tories have in recent years enlarged
their capacity and many new facto-
ries have sprung up. Export orders
are still negligible as a factor in talc-
ing up the slack in surplus produc-
tion and hence the outlet is confined
to our home consumption. Competi-
tion therefore will be keen and on a
low-price basis. There will be a
premium on ability to merchandise
in the factory e line of footwear that
will create a place for itseif with the
least resistance and ability to organize
for the quick delivery of order.-. The
equation of personal elation* between
buyer and seller will be more important
than ever before and sitting down and
talking over »be mutual need for close
co-operation will get far better results
than calling each other hard names.
Only a little easing up in the matter
of anticipation of needs on the part of
the retail merchant will assist the man-
ufacturer to function satisfactorily and
enable him to serve his customers
promptly.
In the women s branch during 1922
there have been two important activities
in diametrically opposed types of styles.
The popular low-heeled welt walking
shoe had a distinct falling off in pop-
ularity and “style” shoes. mad> by the
torn process in fancy strap and tongue
■ patterns have been the active hnsi-
res- getters during the last half of the
year and at this time these tynes will
continue to be active well into the
spring season.
MONDAY.
TAe
CITY-CENTRAL BANKS
offer you Complete Financial Service during
1923
IN MAKING your plans for the New Year consider the ad-
vantages of having a connection with these strong institu-
tions. On this page are mentioned very briefly some of
the more important features of City-Central Service. These
Business Counsel
To help build the business of patrons is one of our most im-
..itant objectives and with this end in view our officers are always
eady and willing to give business counsel—backed by experience
daily contact with businss leaders nnd access to reliable sources of
information at important commercial centers.
Investments and Securities
An investment dcpartme«t is maintained by the Central Trust
< ompany to help you invest your money wisely and profitably. Securi-
ties are recommended to suit your individual business or personal re-
quirements. Safety is at all times our first consideration. You may
consult our specialists without charge.
Loans
The City National Bank is prepared to make either small or sub-
-tuntial loans to individuals and concerns to aid the commercial
agricultural and industrial growth of the community and section. The
< entfnl Trust Company makes loans secured by first mortgages on
desirable real estate.
The
City National Bank
Capital Stock $1000000
OFFICERS
FREDERICK TERRELL Chairman of the Board
W. R. KING President
W. W. Collier V. P. R. G. Barbeck
J. J. Haile V. P. n . Ay?' t 0 Indent
D. A. Saffarrans
A. H. Piper V. P. Asst. Cashier
H. M. Hart V. P. Martin Carle l „ r . .
A ~ Asst. Cashier
Quest C. Couch V. P. j ack Trolinger
A. G. Engelke Cashier General Auditor
DIRECTORS
N. H. Browne Harry H. Rogers
W. W. Collier Albert Steves Sr.
John A. Kerr Frederick Terrell
Albert Kronkosky M. W. Terrell
W. R. King Otto Wahnnund
The Central Trust
Company
Capital Stock $200000
FREDERICK TERRELL President of the Board
W. R. KING President
W. W Collier V. P. D. Ansley V. P.
Thos. E. Mathis V. P. J. E. Young Cashier
DIRECTORS
D. Ansley
Sam C. Bell
N. H. Browne
Russel] C. Hill
W. W. Collier .
Fred W. Cook *
Quest C. Couch
Alfred Duerler
John A. Kerr
W. R. King
Mrs. Emma Koehler
OFFICERS
Albert Kronkosky
Thos. E. Mathis
Harry H. Rogers
A. W. Seeligson
Albert Steves Sr.
John J. Stevens
Dick O. Terrell
Dr. Frederick Terrell
M. W. Terrell
Adolph Wagner
Otto Wahrmund
THE SAN ANTONIO LIGHT.
Commercial Department
Every facility for modern commercial banking is offered by
the City National Bank including the handling of checking ac-
counts making of collections and many unusual features of
daily financial transactions.
Safe Deposit Boxes
Both institutions provide safe deposit boxes in modern steel
burglar and fireproof vaults in which you may keep securities in-
surance policies deeds will nnd other valuables. Boxes are available
in different sizes nt rentals so reasonable that you cannot afford to
be without this safeguard .
Assisting Savers
One of the most important services performed by the Central
Trust Company is that of encouraging Thrift. The money you deposit
in a Savings Account here draws interest compounded semi-
annually. And it is easy to make a start for One Dollar will open
a Savings Account!
YEAR’S GREETING
NEW
Officers and directors of the CITY NATIONAL
BANK and the CENTRAL TRUST COMPANY de-
sire to extend their sincere thanks to the public for the
loyal support given the affiliated institutions through-
out 1922 and to wish one and all of the banks’ patrons
the fullest measure of happiness and prosperity dur-
ing 1923.
Just a year has elapsed since the merger was ef-
fected which made CITY-CENTRAL SERVICE avail-
able to the public. Throughout the last twelve months
the affiliated banks have worked untiringly to give the
kind of service that would completely meet the finan-
cial needs of their many thousands of patrons. And
the banks enter the New Year with the steadfast reso-
lution to continue their efforts to more than fulfill the
financial and banking wants of their constantly in-
creasing clientele.
Total Capital Surplus
and Profits
$1500000.00
Total Deposits
$12000000.00
Total Resources
$15000000.00
and other departments are designed and operated to meet your
financial needs in every particular and are conveniently avail-
able in the affiliated banks. You are cordially invited to make
use of their comprehensive facilities.
Credit and Research Service
We will endeavor to obtain information regarding the finan-
cial status Of firms or individuals and to supply you with infor-
mation and statistics on the trend of business Or on matters of
business organization.
Trust Department
Among its other functions the Central Trust Company acts as
executor or administrator of estates guardian for minors and trustee
in bond issues; combining the personal interest of an individual with
the special knowledge financial responsibility and perpetual exstencc
of a trust company.
Foreign Exchange
Through our extensive connections the City National Bank is
prepared to draw exchange on all important foreign points. Our
facilities are complete for handling any business where foreign ex-
change is required. For the benefit of travelers “A.8.A." Checques
are issued. They are self-identifying and can be cashed the world over.
JANUARY 1 1923.
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The San Antonio Light (San Antonio, Tex.), Vol. 42, No. 347, Ed. 1 Monday, January 1, 1923, newspaper, January 1, 1923; (https://texashistory.unt.edu/ark:/67531/metapth1592264/m1/12/?q=central+place+railroads: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .