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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Aug 19, 1920
Page
11
York agitated by a volatile stock session with heavy professional selling and odd-lot buying absorbing declines. The market faced weak cotton and sugar pressures as limits to liquidity and gold flows shaped investor sentiment. Officials note potential stabilization if gold reserves and credit conditions improve amid pressure on Anglo French loans.
Boston report states George Ware and Company dealers in securi ties faced charges of defrauding investors through Watusi Divide stock advertising. Commissioner Hayes noted the complaint alleges misrepresentation to boost share value and dividend payments. New York market news reports cotton prices near wartime lows amid weak demand and a drop in Rio Tinto stock to about 1/4 cent per pound.
The United Revenue department credits the Connecticut Internal Revenue district with a 100 percent efficiency rating, the top score nationwide. It surpasses the Los Angeles district, which trails at eight percent. The report notes high standing in conduct of collections, reporting, and record keeping.
Premier Millerand greeted a touring Knights of Columbus delegation at a luncheon during a visit to devastated regions. He announced promotion of James A. Flaherty to the Legion of Honor and praised American aid to Poland, underscoring resolve to keep Poland from being erased.
Two burglaries were reported yesterday to the detective bureau. Jewelry and clothing valued near 280 were stolen. In one case workers entered the room of Samuel Filpenko at 797 Haller, taking jewelry valued at 100. A door was broken in at Manley Strons house on Til Sterling street, with clothes and jewelry valued at 150 taken.
The Lorps de Dost Destroyer Pralst achieved an average 35.85 knots on five full power runs at Rockland, Maine on the suggested speed test day. The sea trial reviewed new contract requirements for standardisation across the class.
Dairy market notes show higher creamery prices with receipts at 6 550. Eggs remain firm with 12 821 receipts and varied firsts and extras across Pennsylvania and nearby areas. Potatoes hold steady on Long Island and southern barrels with cabbage unchanged.
Coffee futures extended weakness as liquidation continued and Brazilian market declines weighed on sentiment. Active months opened down 11 to 24 points and traded 66 to 58 points below last night’s close, with Rio coffee unsettled amid unsettled prices.
Raw sugar futures in New York were quiet with irregular prices, as centrifugal raw sugar traded around 12.64 and refined granulated sugar near 17.10. Midday quotes showed five points higher to five points lower, reflecting small orders in both directions.
Track crews on the New Haven railroad repair a weakened roadbed due to heavy traffic and recent rain. Workers shore up sunken sections, reinforce trestles and fills, and speed up operations as freight traffic increases with new locomotives expected. A veteran observer notes freight volumes have doubled over the years, stressing the line through the city.
A New York Aug 1 article describes how few men in history mastered foreign exchange complexity. It notes Morgan and other figures built fortunes through study, timing, and risk, while warning most Americans cannot replicate such mastery. It highlights the need for long preparation and disciplined exchange activity.
Bridgeport market notes show weak demand and lower prices for cabbage, potatoes, and tomatoes, with heavy tomato supplies and poor potato sales. Fruit and vegetable lists include apples, cantaloupes, pears, and beans, while poultry and dairy products price declines appear alongside steady oranges and mixed grain rates. A broad snapshot of a sluggish wholesale market with varying regional prices and commodity trends.
The Bridgeport and Norwalk Bus Corporation was formed in the city state yesterday afternoon with headquarters in Bridgeport and capitalization at 5100,000. Incorporators include Samuel Lugiano of Westport Percy H Cartigher William Binker and Horatius M Rice of Bridgeport. The company plans to buy sell and operate watermobiles automobiles buses and motor trucks.
Chicago grain prices fluctuated with wheat rising 1 to 2 cents at close while rye and oats fell. October wheat deliveries traded near 2.97 as Canadian offerings were light and cash buying strengthened. Corn declined about 1 to 1.25 cents with September deliveries pressured by major holders amid selling.
Realty records list partial transfers including Drews to Clark on Mer rit wheel 50 feet and many others on Washington Avenue Penn sylvania Avenue and Midland Street. Dozens of property deeds, mortgage lines and parcel changes detail buyers such as J. Rowley and J. Cummings, lenders like City Savings Bank, and firms including Underwood Typewriter Company and Bridgeport Savings Bank.
In Cotton New Fork Aug 18, prices drift lower as demand remains weak and traders doubt August crop progress, with December futures rising briefly to 29.04 before fading to 27.75 in trading. The day ends near 28.80, a modest decline on light turnover of 8,459 bales and season totals around 5,640,000.
Yesterday's report lists large financial metrics including a $678 650206 total and a Dalances figure of 182 600315 with a treasury doztor value of 444 149. The Kaderal reserve credit Dalanon is shown as $7 LOZLOGS.
Fragmented OCR notes show dull, quiet trade in New York dry goods with prices softening in May Roads and ghectinns. Wool goods and cotton goods appear steady or slow in first hands, while demand remains weak and prices ease across several lines.
Washington notes the Census Bureau announces Cochran County Texas as the nation’s most populous county with just 67 residents and no post office. it covers 869 square miles with one person per 13 square miles, a striking rural statistic in honor of census data.
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