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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Dec 11, 1919
Page
21
New York traders faced a 广 dull session with the smallest full-day volume since summer as coal demand and rail financing concerns clouded sentiment. Money markets barely opened, funds steadied late, and rails and shippings sagged before oils and steels rallied briefly, while bonds fell.
Final prices for Liberty bonds shown by rating on December 16 in New York include 21-25 at 99.50, Jat 4s at 93.72, first 4 1-4s at 92.10, and Victory issues around 99.06 to 99.02 with other 4s and 4 1-4s cited.
Washington officials, including Mint Director Raymond T. Baker, say there is no urgency to reduce silver content in U S coins to align intrinsic value with face value. They note current silver prices offer only a small margin for speculators to melt coins into bullion and disagree on any immediate action.
In New York trading December cotton fell early due to coal supply concerns and volatile foreign exchange. Prices firmed as stock optimism and coal settlement hopes grew, with January and May futures advancing before closing near intraday highs. exports reached 18,644 bales and combined season total stood at 2,157,836. Port receipts were 42,711 and U.S. port stocks 1,620,417.
In New York on December 10 cotton goods and yarns held firm and quiet while burlaps grew firmer. Wools remained steady and under wear plus hosiery stayed in strong demand amid cautious buying.
Real estate transactions listing Claint Cecils Siamund Loewith and others, with 46 to 50 feet parcels on Arti and Arthur streets, mortgages and certificates of attachment, and various corporations and associations including Motor Vehicle Trading Company and White Eagle Society of Brothers Help, names such as John Barna, Sigmund Loewith, Moore, Grossman, Lebovich, Brederick, Broderick, Acheson, and Poszienyieaki appear amid deeds, mortgages and incorporator notices.
The New York coffee market opened unchanged then rose as Brazilian supply concerns and broker buying pushed futures higher. March led gains, with December near 14.69 and January 14.90. spreads included March for May at 10 points. Spot Rio values quoted at 7s 15 to 15 1 4. The City National Bank United States Depository remains noted.
The Senate today after months of debate passed the petroleum bill submitted by the President as an amendment to Article 27 of the constitution. The bill goes to the lower house for approval, defeating the special petroleum commission whose members were linked to foreign interests and had faced acrimonious charges on the Senate floor.
Prices for butter, receipts and varieties are listed with several grade spreads. Raw sugar and refined sugar values hold steady while potatoes and cabbages show no change. Local references include Pennsylvania and nearby western poultry markets with mixed grade brown outputs.
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