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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Aug 25, 1920
Page
13
Bulls gain ground as a market leader emerges in Whelan while Belgian and Polish tensions loom. Stocks rise with rail and industrials pushing the index higher, driving widespread cover and optimism about costs and credit conditions.
An increase of 40 percent in express rates for trolley express business is requested by the Connecticut company in a petition to the public utilities commission. The move follows an earlier application for increased rates for interstate business to the Interstate Commerce Commission.
In Dry Goods Sea Tork on August 24 traders reported light activity with cotton and yarns selling quietly in moderate quantities. Wool goods saw little new business while jobbers pushed steady retail exchanges and buyers remained cautious.
The article lists short term US dollar exchange rates for sterling and francs with bid and cable figures, including 69 day and 60 day bills, various demands and cables, and Montreal exchange levels. It notes specific figures for Belgian francs, Gulidora, Julie, Marke, and Muscoumh with percentage indicators and general market activity.
Governor Lowden reportedly told a friend at the New York GOP greeting that he had no ambition for further office, yet was urged to run for president. The piece outlines his interests in agricultural reclamation in the Mississippi Valley and South, potential rice production in Louisiana, and planned drainage of lands in Arkansas and the Delta to boost crops and power generation. It notes ongoing reclamation near Memphis and the wider North-South cooperation in national resources and industry.
The market was moderately active with steadier tones on many products. Prices held for most vegetables and fruits though some items showed firmness and limited supplies, while shipped in fruit and poultry products strength varied.
In New York Aug 14 cotton prices recovered from early lows with Depentberg lifting from 24.45 to 26.10 and closing near 76.00. General prices gained 15 to 160 points for the day as market stayed volatile on Liverpool cables, British coal strike fears, weak domestic trade data, and weather hopes in the south. Exports reached 1,865 bales for the day, totaling 105,064 for the season, port receipts 8,217 and U.S. port stocks 110,923.
Yesterday's rally fades as Brazil futures disappoint buyers causing liquidation. Trade remains limited with reports of lower prices and offers. Afternoon trading shows the market down about 7 to 8 points, with December 1931 futures off from the prior highs and the week’s low. Sats Speedettee dull and nominal Ricie Hay.
Chicago grain markets firm with broad gains as export demand and small supplies support prices. Wheat closes higher with December at 2.33 and March at 2.31, corn up 2 to 4 cents, oats up about 1 cent, and provisions mostly unchanged to 32 cents lower.
Washington March rail revenues rose from the prior year with freight and passenger income up. Interstate Commerce Commission released figures showing total freight revenue at 611,190 and passenger revenue at 92,195,155 in March, reflecting increases over March 1940.
The William Martin and Sona company, Inc. filed a certificate of incorporation in the town clerk’s office. The new firm starts business with paid in capital of 100,090, formed to engage in mill work as general contractors and dealers in lumber, maxon materials, and related supplies. Incorporators include William Martin, Willaman Martin, Earle C. Martin and Otiver G. Martin. Washington August 24. Interstate hearings set for Chicago in September on intrastate rate increases sought by railroads, with the ICC expected to extend action to other states where applications were denied.
A scrambled clipping from Minneapolis markets notes a minor price dip for flour while wholesale quotes show steady grain costs. The fragment mentions a 15 pound sack and family patents figures, with unclear totals around 312.40. The legible items point to general trading activity rather than a single event.
Boston hearing on Charles Ponzi's collapse grows stormy as creditors seek recovery. Receivers report deposits and loans, including $25,000 checks to Ponzi and associate counsel, while Ponzi claims assets of about $7.6 million with $3 million alleged missing. Tensions flare over accusations of deceit and misused funds amid audits and resignations.
Washington reports July exports at 54 0540 million and imports at 537 000 000 with seven month totals reaching 4 902 000 000 exports up 6 percent and imports up 3 482 000 000 from the prior year. Census figures note Bennington Kenosha and Bakersfield population increases ranging from about 9,000 to 18,000 with double digit percentage gains.
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