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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Aug 02, 1921
Page
13
Stocks show renewed strength with gains in oils, sugar and food shares as markets firm. Bond activity continues higher with call money rising to 5 1/4 percent and overall turnover reaching $13.2 million as investors shift toward investment and speculative issues amid cautious late trading.
The Great Northern Railway reported earnings per share for 1920 at 7.73 with total earnings around 24g and transfers to profit. The annual report outlines operating revenue and variations in figures from March to February, with further notes on revenue comparisons and distributions.
Aug report confusion as traders weigh government figures against expert estimates showing bales and pounds variances. Opening prices climb with demand broad and October contracts rally. shifts in shorts cover and prices move through the day amid differing reports on market fundamentals.
The market report notes brisk activity in coffee trading arrangements with buyers in London and Germany adjusting offers. Brazilian shippers and others offered prices around 25 to 20 points, stirring modest hedge covering and speculative movement as Saturday close approached.
The list shows Betts executor transferring 20 feet on Sythe Street to Csontos, Noble selling Main Street property to Wood, Nalbandians obtaining 40 feet on Stratford Avenue, and multiple warranty deeds. Also noted are mortgages to Mechanics and Farmers Savings Bank on Terry Place for 65 feet at 5900 dollars and other liens and certificates of attachment with various sums and parcels in Bridgeport area.
Chicago wheat prices closed mixed with September at 124 1 23 to 124 4 b and December 127 2 to 148 while corn fell and oats held. Provisions ranged 3 cents down to 10 cents up as rains and weather influenced futures and hogs supported some gains.
Yesterday's stock transactions noted muted activity as Liberty bonds influenced trade while nearly 200000.8 passengers traveled in and out of New York via the larger railroads, reflecting ongoing intercity movement in 1920.
Trade experts expect a Federal re-entry within a day at a lower level amid firmer sugar futures. Demand appears dull with no business confirmed by the committees at 2.25 cents. Futures advance on short covering and speculative buying, aided by hoped lower levels and tighter markets.
Washington reports show South American commerce suffering from low spirits with competition from Prussia and Belgium pressuring U S firms. Argentina shows slight improvement in exports and imports, while Brazil remains depressed. Several American firms close South American offices as traders eye relief measures amid exchange rate issues and rising inflation.
Government figures indicate disease affecting stock on farms and a decline in nationwide livestock. The report also notes about one-third of New York's half million auto registrations originate from the city of New York.
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