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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Apr 11, 1922
Page
16
New York markets show scattered dairy quotes with fresh extras and whole milk trends. Extran creamery pricing appears volatile while entries mention Wisconsin and Wisconsinace milk variants, with various percentages and cents listed for firsts and fancy grades.
Copper electrolytic spot and nearby at 127-8 with futures 2: non steady. Tin steady at 30.87. Lumber prices hold around 0.00 to 21.00 for Northern and 18.06 to 26.00 for No 2 Northern. No. 2 Southern 45.50 to 16.60. Lead firm at 55.00 to 0.15. Zinc quoted from East St. Louis spot.
纽约 curb 市场4月11日开市后交易活跃度下降但总体仍坚挺，油气股领涨并创今年新高，墨西哥石油和多支石油股出现波动。金银股与金属板块波动，工业股与耐用品股分化，债市走强，市场总体处于不稳但具活力的状态。
Washington April 10. The Supreme Court held exclusive sales contracts cannot restrain competition. In Standard Fashion Company v Marane-Houston Company the court ruled the contract was a sale arrangement, not a true agency or joint venture, and thus fell under antitrust restrictions. Justice Day delivered the opinion, affirming lower circuit findings.
A Bridgeport chamber of commerce report shows debits to individual accounts for the last six months totaling about 387.6 million, down 12 percent from the same period in 1921. The March 1922 monthly total was 42.9 million, compared with 125.3 million in March 1921, and the first quarter totals reached roughly 116.22 million, about 7.2 percent of the previous year's final quarter. The report emphasizes employment hours as a barometer of business, noting that higher production requires timely deliveries and increased staffing. Clearing house totals for the first three months of 1922 versus 1921 are presented, highlighting the overall business tone and interbank activity.
New York reports favorable early interpretation of currency moves as negotiations progress. Sterling steadied near higher quotes while German and Czech Slovak rates improved and bonds strengthened amid remittance activity and new issues in the market.
Fragmentary OCR shows a New York cotton market note with mixed figures and rates. Mentions quoted prices in dollars and fractions, modest activity, and loan terms like acceptances. No clear entities beyond New York and date.
New York April 18 The oversubscription of a 15,009,000 Brazil twenty-five year 3 percent external secured sinking fund bond issue signals strong investor demand. Rio de Janeiro bonds opened at 105 with interest and required curtailability due to heavy demand. Other new financings included New York State Railways first consolidated mortgage 5.5 percent, Bell Telephone Canada stock, and various 6 percent first mortgage bonds. Foreign government issues also rose, with British and continental bonds hitting new highs. Liberty bonds remained steady as low-priced railway prizes gained traction amid favorable market conditions.
In Bridgeport and New Haven area a flurry of incorporations and corporate moves is noted. Josephson Bag Co plans merchandising and bags with $3,025 capital and 72 shares. New England Tune & Stamping Co forms in West Haven with $200,000 capital, 1000 common and 1000 preferred shares. Initial paid-in capitals amount to $44,000 and $70,600 respectively. Proxies circulate among Boston and Maloy railroad stockholders as factions vie for Board seats. News references local officials and bank involvement in approving plans amid corporate restructuring.
New York April 11 The stock market opened buoyant with strong demand across most securities. Turnover reached 1,475,000 shares as many issues hit new high marks for the year. United States Steel and related issues showed gains near par or better, while rails and industrials generally advanced amid signs of rising production and demand. Easy money rates prevailed after a favorable clearing house statement, with call money around 4.5 percent and time money near 4.5 to 4.9 percent.
Transfers list John Halaska to Anna Ondreikovich and George Seltsam to William Laflin, each with 30 to 100 foot parcels on Beechmont and Wilkins avenues. Executorships and mortgage notes appear with Arthur Pitts and City banks. Several other transfers mention addresses on Lenox, Fort, Nichols, and Seaview streets with values around 31 500.
Liberty bonds quoted. Chicago wheat prices rise on unexpected Liverpool quotations and reports of crop conditions. Wheat for delivery dates gain modestly amid stronger sterling and cautious expectations. Provisions and hogs advance while grains feel mixed pressure from packers.
Large stockholders argue over the reorganization of the Boston and Maine railroad, contending the decree separating the Boston & Maine from the New Haven remains final. The report notes a stock mix and implied resumption plans, with 1920 and 1921 figures showing income, per share results, and the company’s condition including assets and surplus.
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