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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Aug 03, 1923
Page
15
Markets show dull trading with railroad bonds leading declines while industry shares inch higher. Bond issues wobble as French and European notes drift. St Paul, New York closures limit gains with mixed results across Pacific and Midwest listings.
The article notes fluctuating wheat values amid reports of resales and variable rates. It mentions London and French reactions, a muted Ruhr settlement prospects, and a dollar power impact, with a stray line about 69,0 people dependent on the fishing industry.
The August 2 statement of the Federal Reserve Bank of New York lists town gold reserves and total reserves, bills and securities held, and unsettled items. It notes amounts due to members and notes in actual circulation, reflecting the bank’s condition at close of business.
A compilation of property transfers, deeds, and client names across Bridgeport including Mountain Grove Street, Main Street, Laurel Avenue, Vine Street, and Broad Street. Notable entries involve the American Bank and Trust Company, Peoples Savings Bank, and several individuals such as Marie Sathan Hacrigan, Pauline lvore, and John Custer with varied sums up to 10,000 dollars.
New York curb market opened firm with heavy covering but quickly became irregular. Standard Oil of Indiana rose, others like Petroleum and Gillette Safety tied gains. Cleveland edged higher while several small issues shuffled with mixed or minimal turnover.
A terse York money market note shows call money easy with high rates in brief terms. The entries reference demand for loans and related short term credit activity with sparse figures and unclear bids.
In New York on August 2 heavy selling hit railroad shares despite an initial strength, with Northern lines hardest hit and major rails down several points. News cited high fixed charges, past six month weakness, and large capital expenditures for rebuilding. Short covering boosted early trades but gains faded as investors weighed potential new legislation and firm earnings from U S Steel and others.
Washington reports new homes and apartments to shelter about 30,000 families will be built this year in 272 cities. Labor Department shows average cost around 4200 dollars with the nation facing a housing shortage that may ease by year end as construction expands despite high costs and slowdowns in some areas.
Frosts and low supplies pushed prices higher for native fruits vegetables in several towns. Raspberry currants and huckleberries scarce with firm to higher prices. potatoes onions and tomatoes show varied gains. Local markets note light supplies of beans squash cabbage and leafy greens with steady or rising costs.
NORWICH sweet corn and native tomatoes show price gains as markets report higher demand. Native varieties fetch around 11.60 per unit at Wasier, with growers noting improved yields and steady buyer interest in regional markets.
French and Belgian francs hit new low records as Prime Minister Baldwin’s House speech signals no hope of a Britain France agreement on German reparations. The Swiss and other currencies show losses amid market volatility, with mentions of Paris, Brussels, Berlin and Vienna reflecting a global reaction.
Local market morning notes show cabbage firming to 34.00 per barrel, potatoes steady with Virginia barreled stock, apples from California Gravensteins selling at 250, eggs demand rising, butter and lami prices steady or higher. Livestock, poultry, and dairy items list varied prices across several regional and national markets with fluctuations in fresh seafood and produce.
A consolidation plan was announced involving Columet and Hecla Copper Mining and related firms. The plan provides for authorized capital stock totaling 2,289,000 shares and creates a new consolidated company.
The document outlines allocation of 008 802 shares to stockholders of constituent companies with the remainder reserved for general corporate purposes. The new shares will be disseivated as Ahmeek 536 Allouez 0 Calumet and Fdacla 134 7 oud and.
Cotton market notes from New York on August 2 show quiet trading with middling at 23.5 and opening prices around 22.56 for December contracts. Figures include shifts for December and March delivery with nearby values listed.
Market notes show copper near 125 spot and nearby futures 38.90 while spot and futures for other metals are steady. report appears garbled with unreadable phrases and partial figures.
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