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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Aug 24, 1923
Page
17
A chaotic market report notes confused stock trading and a sharp September corn break. Weather, drought, and regional conditions influenced the cotton market with rallies amid shifting futures. Prices moved through September contracts as trading desks reported weak openings and midday strength, with quotes from Hirsuh Lilienthal & Co. and private wires showing varied opening, high, and low values.
Prices in New York for August commodity cash markets reported with mixed firmness. Quotations showed varying levels across staples with notes on No 0 and related grade distinctions amid market uncertainty.
A broad market report notes heavy tone on the market with investors reacting to mixed earnings and shifting demand. Railway and metals shares show mixed movements as recent earnings from major rails are described as favorable while others slip.
New York August 28 trading saw mixed curb market activity with some stocks inching higher while others slipped. Pratt Gas & Gas fell about 1 point and Ohio slid 1 1, Magnolia Petroleum gained 3, National Transit down 2, while several issues closed near steady with minor changes. Glen Aldercont fell 2 points amid weak sentiment. Reading yielded slightly and Midyude steel and Gillette safety increased around a point. motors traded quietly with slight softness.
Readable OCR shows dairy product listings with prices and grades. Entries mention creamery extras, cheddar styles, and Wisconsin milk mentions. No clear event or persons. itemized product types include fresh cream, cheese, and milk with assorted price notes.
Foreign exchange markets show firmer prices with sterling around $4.50 and covered demand near 59 ashés per unit. Cable rates rise to about 4.55 with sight unsettled. The text notes fluctuations in European currencies, including mentions of Spain and Berlin, but details are unclear.
Market notes show steady iron and steel pricing with attention to spot and futures. Analysts cite stable demand, cautious trading, and limited supply shifts affecting steel and alloy markets internationally.
An attorney in New York faces rulings after a plea related to financial matters. The case involves Terna references and potential repranees. Officials have not released full details.
The July 26 ultimatum for closed shop and check-off was rejected by miners who refused both arbitration and settlement offers. After US Coal Commission intervention on August 15 talks resumed, then the August 21 demand for 20 percent wage rise for contract men and 40 percent for day men, totaling $90,000 annually, would raise coal price by $2 per ton. Operators again proposed arbitration. miners refused and refused to reconvene without Commission guidance. The exchange notes prior union refusals to arbitration and includes official resolutions from both sides. the joint conference adjourned with members ready for further suggestions from the Coal Commission.
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