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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Apr 13, 1920
Page
17
Washington April 18. A bill aims to reenact a tax imposing an 80 percent rate on excess war profits. The measure seeks to restore wartime revenue practices with broad scope and enforcement provisions.
A bill was introduced by Representative Johnson Renwbitean of South Dakota aimed at generating revenue from a sold bonus. The plan applies to profits from 1919 1940 and 1941 and Johnson projected it would raise one billing dollar.
Apriz notes more active coffee interest in futures alongside mild shopping for May to January delivery. Federal Reserve cited as hindering speculative flows, with demands for currency policy inquiry rising as traders assess the impact on exchange rates and domestic credit. Foreign exchange markets show modest movement in New York as April dealings continue.
Readable fragments show prices for food items and commodities with references to oats lard and various bundles. Entries mention locations like New York and the Middle West and list figures such as 16,00 and 18.00 for values, with notes on steady or easy markets. The fragmentary text implies a historical commodity listing rather than a full article.
In a state of market fluctuation the cotton sector shows prices sliding from 39.07 to 58.80 with unsettled tones and weak demand. Export activity remains modest with 7 773 bales reported today and US port activity described amid poor weather conditions impacting sales and futures.
In New York on April 13 Liberty bonds fell to new lows with prices under eight dollars amid heavy selling. Traders cited Treasury secrecy and speculation about tentative new issues as factors behind the declines and waning demand for the government securities.
In New York, the Stutz motor corner set off fears of halting public stock trading. Veteran observers note the auction sale of 200 shares at 701 dollars signals market manipulation. The piece traces Goulds lessons and speculates on court action and the role of financiers like Hetty Green in sustaining or stifling the run on Stutz shares.
April 12 report shows steady dry goods trade with quiet demand. Colton fabrics and yarns firm in central markets, while fine dress goods firm. jobbers note moderate business and smoother selling conditions as shipments restart.
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