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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Dec 22, 1920
Page
15
Broadan Walk reports a volatile trading day with prices falling across key issues. Replagle Steel and Vanadium led declines, with brokers forced to liquidate to meet bank officer warnings. By late session, market weakness persisted, dividents concerns surfaced, and a major bank signaled collateral actions impacting investor holdings.
Washington December 21 Charges that government officials joined in coal profiteering during last summer’s shortage were made by George H Cushing head of the American Wholesale Coal association before a Senate investigating committee under oath The testimony named a man said to be a principal in an operation by which government service men obtained 450000 tons of coal later sold for a profit of about 609000 Railroad officials and perhaps others in authority were said to have participated The committee suggested the shortage was largely caused by statements from the Interstate Commerce Commission the Geological Survey the Railroad administration and the Senate Interstate Commerce committee The report also notes Dr Merrow vice president of the National Coal Association began denial of the panic theory advanced by Cushing to explain the shortage He was excused until tomorrow when the committee reconvenes to hear Cushing in executive session
Marion Ohio December peace prospects dominate talks as President-elect Harding meets Seaton Poindexter and Governor-elect Marr owsley Kentucky with no detail shared. Poindexter pushes western leadership for a League of Nations role while William Butterworth voices commerce department oversight. dinner follows in Wesville with Mary Lee and Columbus Republicans.
Representatives of the Walker County Manufacturers Association and the Textile Council meet in Fall River tomorrow to discuss wage reductions. The manufacturers say the cut is not yet needed and will be reconsidered only when conditions warrant.
A conference with employer representatives signals wages in force during the last signboaids would stay unchanged. The fee for famiarrow is viewed as likely to prompt final wage action in light of recent announcements by manufacturers in other mill centers of a 29 and a half percent reduction.
Arthur Parsons of Attleboro Massachusetts, a member of the Quaker Relief commission, died Saturday from a fall from a fourth floor window. He had recently suffered a nervous breakdown from overwork directing feeding programs for German university students. Parsons resigned as chairman about six weeks ago after months in Germany and previous work in France. His wife remained in Berlin. He was thirty one. The funeral will be held in Germany.
Bar receipts from Chicago show cattle and hogs with rising prices in places. Cattle steady to higher with higher quality steers and calves pushing above recent ranges. hogs 43,000 receipts, generally higher than yesterday, top bids around 10 per hundredweight with mixed trade across classes. Sheep and lambs also firmer with light demand, notable price increases for certain weights.
Report shows GE employees subscribing to shares totaling 7 841 across divisions. Subscribers number 727 at Archer Works and 604 at other plants, with a combined value around 4 77 dollars per share and about eight percent participation of the workforce. The note outlines divisions, amounts, and overall subscriber totals.
Chicago traders observe wheat strength with early gains of 2 to 3 cents, export buying noted while domestic cash corn weakens. Prices show mixed movement as futures edge up and provisions show strength despite broader price depressions.
Fidelity Capital announces its usual eight percent quarterly dividend on preferred stock. Robert S. treasurer of Fidelity Corporation of Boston states the dividend is declared at the rate of eight percent and payable on the first day of the new year to all holders of preferred stock. The announcement notes a large investor base and usual business terms for the issuance.
The Commerce Chamber announces a price study prompted by Montana trade concerns and legislative considerations. Officials cite inquiry into current pricing structures and potential impacts on commerce and consumers amid ongoing policy reviews.
The cotton market showed steadiness in New York with four brief breaks pulling prices for Meruch and Thesdagon lower. Fruit futures slipped around 10 percent while overall market sentiment remained steady yet edged down by about 28 points as other sectors declined.
A committee representing Denver and Rio Grande stockholders contends a court case will reveal collusive acts with Western Pacific. Allegations claim the Western Pacific and Rio Grande were interlinked to shield the Denver and Rio Grande from debt, threatening stockholdings and calling for court action to preserve financial interests and avert loss to investors.
Deg. 21k Cea 1bt voy arder and others describe a road bank cashier's embezzlement charge in New York City. Federal district court ordered Towner XT. Dev. 21-i B. Heres, cashier of Pirsk Nu oaut Yuiric of Towner, indicted after bank investigation.
A Massachusetts company announces a full dividend of one hundred percent to its shareholders. President Meistwai Oisin MLee is reported as noting the strong financial position and consistent earnings to support the payout.
The building permits list shows multiple projects approved by the Chey meeting secretary Afleriaga. Permits cover cellar wall dwelling on Bronx avenue and garage on HatwTey avenue. Aggregate value of all permits is 12687 dollars.
Corlony goods continued to sell in limited apanthtes for nearby delivery. Yarns were quiet. Sen's near mar keta sued dull. Plays were ated joy. Silke were boaught amadetely ih dow prices.
Textile manufacturers plan wage action as they debate lowering wages. Officials say proposals aim to adjust pay amid six months with minimal change, pending final decisions by labor leaders and mills.
The New York sugar market closed firmer with higher prices. Trading showed activity in Cuban and Porto Rican cargoes, with 20 900 bags of Cuban sugar afloat at firm levels and reduced Red prices holding steady amid moderate inquiry. Closing bids reflected small gains across futures contracts with light trading and sustainable spot strength.
The market opened slightly higher before turning lower on liquidation and selling. Freight rates fell to 6.41 then drifted around, with December at 7.99 and key contracts March May July and October showing declines amid cautious trading and mixed news from Brazilian shipping and other sources.
Freshly gathered extra firsts and steady prices for potatoes and sweets across the western deanery. Browns and mixed colors show extras, cabbage prices unchanged. fresh receipts list 60a and 6% for certain items, with soluble notes on meat and other produce.
A brief grain and commodity update from New York shows corn, flour, and lard price movements. Mixed shipments and tentative futures figures reference white corn and lard prices amid steady lard in the middle west, with mentions of cotton and油 market terms and upcoming contracts for March and May.
Real estate deed notes appear garbled with numerous misspellings and scattered proper nouns. Fragmentary phrases reference transfers between individuals and street names, but key details and valid entities are unreadable.
Fragmented OCR text references liberty bonds and a mix of numbers and letters, including a date line and stray terms. The readable elements suggest financial bond data or a wartime savings program, but concrete facts, names, places, or events are unclear.
Goodyear Rubber Co has filed a lawsuit seeking relief related to Liberty. The filing appears in incomplete text with potential legal action and parties involved, but details are unclear due to garbled OCR. Further verification is needed to identify exact defendants, claims, and court.
Inland Steel announces a shift to a 12 hour day work basis starting after January 1. Details mention pay per hour remains the same as under the prior system. The notice references production and staffing changes at the plant, with limited readable specifics on implementation dates or affected roles.
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