Brown Dog Auction Company

Presented by Brown Dog Auction Company Plan to preview and attend.

Takes place on 6/18/2011

At , State Line Flea Market Building, Rt 18, Whitehall, NY

ANTIQUE AND ESTATE AUCTION Featuring a large combined estate auction of fresh to the market goods. Partial list follows: FURNITURE: Mahogany, oak, midcentury; lot of Chinese cabinets, tables, screens, etc; old wicker; pr pine corner cabinets; 7 pc BR set; paint decorated BR set; carved Empire chest; 3 pc wicker & bamboo set; 2 pairs Chinese chairs; pair Chinese corner cabinets; + much more! ACCESSORIES: Large lot 19th Century political badges, ribbons, pinbacks, etc; early baskets; Vict birdcages; several vintage baseball photos; several other interesting photos; ephemera; postcards; vintage 19th C valentines, trade cards, etc; several Staffordshire figures; old advertising signs; cast iron motorcycle; collection mini sewing machines; Spode china; collection early lead & comp soldiers; large collection Little Big books; several stamp albums; 15 litho tin advert signs; antique dollhouse items; collection old pens; Victorian jewelry including collection intaglios; collection carved antique ivory barber mug collection; Victorian puzzle blocks; several paintings; McCoy and other pottery; lots of cut glass; Steiff; Victorian lighting; tole birdcage; figural bronze candelabra (lamped); bronze French sconce; CDV album; lots of early paper; lots of Chinese, Korean, etc china; etc; several lots sterling silver; Depression glass; too much to list. MISCELLANEOUS: Several John Wolfe baseball themed oils; Victorian epergne; collection men’s wristwatches; collection Victorian beaded purses including Whiting & Davis; early T. Blake boxing litho; officer’s traveling box; carved marble pedestal sink; Chinese jewelry cabinet; collection of toys including Borden’s wagon; Lionel clockwork boat in original box; cast iron toys & banks; large lot old Christmas including feather tree; Spencerian drawing lot; 7 local Staffordshire plates with Ticonderoga, etc; much, much more.

TERMS: Cash or good check 10% Buyer’s Premium.

PREVIEW: Saturday 2 PM to sale time 5 PM or call for advance preview. Absentee and phone bids executed. NYS or out of state dealer tax ID certificate required for 7% tax exemption. Food service, parking, seating provided.

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Brown Dog Auction Company
Brown Dog Auction Company

Partial list follows: FURNITURE: Mahogany, oak, midcentury; lot of Chinese cabinets, tables, screens, etc; old wicker; pr pine corner cabinets; 7 pc BR set; paint decorated BR set; carved Empire chest; 3 pc wicker & bamboo set; 2 pairs Chinese chairs;



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The Chinese Puzzle Box — Swing Trading Daily

I’m wrestling with a puzzle, and maybe you are, too. Is the China growth story still intact, or is it running off the rails? What does this mean for my investments? And if China is in trouble, what should I be buying — and selling — now?

To be sure, we’ve heard premature reports of China’s doom for years. Frankly, I think people who talk about China’s economy imploding should have their heads examined. There are 1.3 billion people in China, and they are making an enormous transition from third-world lifestyles to living like big, fat, Americans.

Even if China slows down, the Chinese will still be ramping up consumption for decades.

The problem is that potential slow-down. If the market has priced in exponential growth, a slow-down is enough to deflate A) commodity prices and B) stocks of companies that are designed around exponential growth in China.

Here are some of the warning signs that have the market rattled:

Goldman Sachs just lowered its estimate of China’s gross domestic product growth , saying it will rise 9.4% in 2011, less than a previous call of 10%. Royal Bank of Canada lowered its China growth estimate to 9.5%. Both estimates are way down from China’s 10.3% growth in 2010. A preliminary purchasing managers index for Chinese manufacturing came in at 51.1, the lowest since July 2010. And industrial production rose by 13.4% in April, slower than the 14.8% gain in March. On May 12, the central bank raised banks’ reserve requirement for the fifth time this year. China’s central bank is doing this as part of a concerted effort to fight inflation, which is currently a major policy concern for Beijing. China’s Consumer Price Index was 5.3% in April, slightly down from March’s 32-month high of 5.4%. This stubbornly high inflation leads some experts to predict the central bank isn’t through raising reserve requirements, which would hobble economic growth. And China’s central bank could also raise its benchmark interest rate — again — to fight inflation. RBC forecasts that the People’s Bank of China will need to raise interest rates by an additional half a percentage point by the end of the third quarter. That would suck more “hot money” out of the economy.

So you can see why people are concerned. But maybe those concerns are overblown. After all, a reading of 51.1 in the PMI is consistent with growth of 13% in Chinese industrial production and 9% in Chinese GDP.


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