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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Aug 26, 1922
Page
17
The state saw more firms file for bankruptcy in the week ending August 13 with total liabilities about 259,956 and assets near 146,262, indicating liquidation at roughly 58 cents on the dollar. Liabilities rose about 210,040 from the prior week, and the number of firms involved increased slightly.
Continental currencies tumble after the Reparations Commission fails to reach a deal with Germany. The German mark slides to 3 cents per 100, French francs drop to 36 points, and Belgian and Italian rates edge down. Swedish krona briefly at par then weakens. Czecho-Slovak crown hits a new high level amid overall declines.
Charter applications in Hartford reveal East Side Market Inc forming as a wholesale and retail provision business with 250 shares at par ten, capital five thousand dollars. Fleming Realty Co named to conduct real estate brokerage with two hundred shares at par ten and two thousand paid capital. Trade names registered include Sabing Diet Co and Exelsior Garage among others.
The report notes call money figures with high 43 and low 244, indicating interest rate movements. It records closing bid at 4 and offers, with a call rate against a 34 percent acceptance context. Names and places are sparse, but the centered data reflects ongoing commodity and financial activity in the York area.
Washington reports coal loadings rose to 18169 cars on Wednesday, per the Association of Railway Executives citing coal carrying railroads. The daily gain over the prior day reaches a modest increase, with figures awaiting final confirmation.
In New York trading on August 25, French government bonds weakened with declines of 1 to 1.5 points across Bordeaux 6s Marseille 6s and related issues reflecting weak French exchange. Japanese and Mexican securities also fell, as Liberty bonds and Cerro De Pasco 8s rose on selective gains. Rails showed mixed moves with New York state lines up 1 to 2 percent in light activity, while several others slipped. Total sales reached 12.108 million par value. Chicago Joint Stock Land Bank offered 3 million bonds at 4.60 percent yield and was quickly oversubscribed.
August 25 report from New York notes butter futures firmer with creamery extras at 36 to 38 cents, firsts 32 to 36 cents, and various dairy products including oleomargarine, tubs, and ladles showing price ranges. Cheese market remains firm with extra fancy and higher grades, while skim milk and nearby white and brown fats also priced higher.
Grain traders saw narrow moves as buyers resisted selling pressure despite weak Liverpool and German markets. Wheat futures edged up while corn and oats fluctuated, with export demand slow and reports of uneven harvest prospects across Kansas Nebraska and South Dakota. Prices also tracked weaker energy and a shifting live hog market as global conditions weighed on sentiment.
New York August 25 The stock market weakened after mediation talks between railroad executives and union leaders failed. Heavy selling hit rails and steel shares while utilities and select high performers held gains. Major rails like Northern Pacific and Chicago and Northwestern fell, while United States Steel rose early then retreated. Total volume 306000 shares.
Warranty and quit claim deeds recorded for multiple transfers including Dordtha Buda to Willam Buda on parcels on Stefan 2 David and Isaac BE Hunting Street and Teaily Norman street extension. Other transfers include Michael Robatock to Steve and Anna Lutteran on 52 feet Boston Avenue and Bauer family property on Federal Street.
The notice markets liability insurance and various real estate services. It promises to insure, appraise, rent, mortgage loans, and brand new homes. It claims to have clients, a reliable system, and strong options for factory sites and property services.
In New York curb market trading on August 25 shows mixed moves with periods of strength and reaction, volume sparse. Industrial issues gain modestly while select oil and utility stocks hold and backtrack. notable moves include Gimbel Brothers, Bethlehem Shell, Timken Bearings, and Atlantic Lobos sections, with bonds subdued and limited new highs in alguns issues.
METAL MARKET NEW YORK August 25 copper steady at 138 7-8 14 futures spot tin easy at 82.00 lead steady zinc quiet near delivery. quotational tone reflects steady electrolytic copper and steadiness across metals with minor variances.
On Norman Street between Laurel and Pair fled avenues a four family Deuss with exit's lot in Toronto is offered at an exceedingly low figure. Describes a nice location and appeals to buyers seeking a bargain.
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