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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Dec 22, 1924
Page
15
A turbulent period of low mood eases as markets show absorption of foreign capital and signs of improvement. Analysts note ongoing foreign financing, the potential for stability, and cautious optimism about recovery, with observers wary of political and economic headwinds shaping investment flows.
The document states Cudahy total sales reaching 203 million 750 thousand, indicating a high revenue milestone. Several garbled phrases follow, but the central fact remains the large sales figure associated with the Cudahy operation.
Industry reports show improving conditions with rising activity in manufacturing and construction. Analysts note gains in orders and investment despite volatility, citing supportive policy moves and stronger demand from key markets.
Irving Fisher's weekly index explains how 200 price quotes chosen from Don's Weekly Price List define purchasing power. The piece notes May 1920 prices exceed prewar levels, reflecting postwar inflation and the methodology from Fisher's study published by Houghton Mifflin for the Pollak Foundation.
Richard Spill UK outlines a turbulent postwar year as holiday demand rises slowly. He notes uneven recovery across industries with copper, rail, and sugar facing varied prospects while inflation or price pressures remain a concern.
Prices across chemicals and oils advance as linseed oil gains 15 to 18 cents per bushel and 1 to 4 cents per gallon in refined cottonseed. Market activity shows shifts to distant futures with December to May deliveries, amid steady spot calls for phenol and byproduct core operations.
A busy bond market week with heavy oversubscription for new foreign issues. Greek government bonds drew strong demand, Belgian government notes saw multi times oversubscription, while new financing includes Krupp Works and other corporate notes. Market activity reflected liquidity shifts and planned retirements across industrial and utility sectors.
The Briggs Body Company will convert from a corporation to a structure with public interest and offer 490000 in stock to local bankers at six dollars per share. The move accompanies quarterly dividends at 350 per share and a projected aug issuance.
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