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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Aug 22, 1922
Page
13
Public buying returns lifting railroad shares to the year’s peak with call money around 34 percent. Improved strike outlook and brighter prospects spur renewed orders, tallying nearly one million sales in a nationwide surge. Virtually all Rails stocks participate in the broad upward movement amid unusual call money activity.
The New York stock market saw broad buying from across the country, pushing nearly 60 shares to yearly peaks and trading close to one million shares. Rail and public utilities led gains, with many names reaching new highs as expectations of industrial expansion and tariff shifts boosted sentiment.
Call money steadier with gains in Connecticut notes and New York dealings as high points reach 4, low 3.5, close at 4, offered 4.5, last gate decline tied to acceptance 4.0.
Fragmentary OCR notes from a New York commodity price listing dated August 2 19xx mention dairy and egg prices along with various fractions and codes. The legible lines reference whole milk eggs and miscellaneous market figures though most details are garbled.
New York stock trading showed a remarkable surge in speculative issues and a broad rally across bond and equity markets. A number of issues hit new high records for the year as advances in the industrial and foreign groups supported gains, while a Cuban sugar conversion bond issue was approved to fund a large capitalization.
Washington August 21 Senator William Borah of Idaho warned that hundreds of fruit and potato growers in the Northwest will be ruined if the railway strike continues for twenty more days. He said the situation is intolerable for both railroads and strikers.
A Hartford conference between Thomas W. Russell and Stanley H. Bullard leads to plans for a fuel committee to coordinate coal distribution through state chambers of commerce. The Fried Friedman Inc company reorganizes with officers Friedman, Faust, and Friedman securing 3 shares. The American Profit Coupon Co reorganizes with Annie Stanford and others aiming to sell coupons and stamps, with capital stock set at 10,000 shares of $9.00 par value.
In New York August trade shows copper and tin futures and spot shifts. Listings include copper at various electrolytic and spot markers, tin futures near 34.00, and assorted regional tonnage notes. Market chatter references Northern and Southern exchanges with mixed bid levels as prices drift.
Twelve firms filed articles of incorporation with the secretary of state at Hartford during the past week. The total capital reported stood at 6,000 with a decline in new capital and a repayment of 5,205,000 in military capital compared with the previous week. Compared with last year, there was a 294,000 drop in total capitalization and a decrease in the number of firms incorporated. The table shows the firms incorporated during the week ending Aug 39 and the corresponding weekly totals for the four quarters, Caplin 1H22 72 SAT0.000 ioe 5 1,064,0005 3929 4 ,019 1918.
New York Aug 21 An accumulation of buying orders by commission houses over Sunday caused strength on the Curh Dxchange to early gains. Good advances were established in the first half hour and despite profit taking the market stayed up. Titans in high mining shares and several industrial names attracted attention. Moon and Mayes Wheel led gains while others like New York Telephone and Gimbel showed slight strength. Oil stocks saw mixed action with substantial advances in Vacuum Oil and Anglo-American firm.
A feature notes Independent Mate hitting a new high as offerings stay modest while the advance progresses. It highlights persistent demand and steady support amid cautious market activity.
Chicago wheat prices slipped early on heavy continental liquidation in Liverpool, then rallied to close higher across futures. September and December contracts showed gains while nearby supplies remained pressured by overstock concerns and improved exports. corn followed with mixed action as rain deficits and crop reports influenced sentiment.
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