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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Dec 23, 1920
Page
17
NY stocks closed with a late rally despite new lows in several sectors. Railroads showed notable strength and some specialties recovered quickly, while shorts covered in some issues. The Pennsylvanian hold of Southern Pacific stock sparks talk of potential supply shifts and tax-driven selling narratives influencing liquidity.
Public notice invites sealed bids for storage depot materials with inspection points listed in Baltimore Richmond Chicago Cincinnati New York Philadelphia Rochester Toledo and other cities. Bids due by noon. terms require 10 percent certified check and compliance with outright purchase or total price options.
New York December 24 the brokerage firm of Lowter and Lounsbery failed after the market opened. Partners J Hoxeman Foster S Durell Lounsbery and W Frazer Gideon headed the firm once active in Vanadium Steel. Three creditors petitioned for bankruptcy against Foster and Lounsbery. the attorney said the action was gentle with consent of the firm and assets listed at 5 million dollars.
The Interstate Commerce Commission ruled that Arkansas must raise base passenger and excess baggage charges to match interstate rates by February 15. Prior federal moves last August allowed freight rate changes, but Arkansas could not increase passenger and Pullman charges due to a state law.
The New York market for refined sugar closed higher amid steadier spot prices. On the day, refined sugar prices edged up, with active futures supported by covering and outside interests. Closing bids ranged with near day highs as contracts reflected gains of several points.
New York December 22 butter prices show steadiness across creamery and accetaea segments with higher creameries, varied grades for packed butter and stock levels. Fresh gathered extras fetch 4 to 5 cents per pound while firsts range around 7 to 8 cents. browns and mixed lots show broad spreads. Potatoes ease with Bermuda and southern lots at around 2.50. cabbages remain unchanged amid quiet activity.
Fragmentary OCR text shows numbers and references to Liberty Bonds with figures 31-2, 89.72, 43-46, and 4 34. The readable items appear disjointed with no clear event, date, or named entities beyond Liberty Bonds.
Analysis of November 1 1919 currency in circulation shows US per capita currency at 54 63 dollars, projected total circulation rising to 69 dollars per person if allocated. Reports note federal reserve notes in circulation at 5 354 billion, with inflation fears and continued rise in bank discounts over six weeks. Exports and commodity prices show peak earlier in year with recession since February, while cloth exports decline and low grade cotton markets face Germany purchase limits.
Daily cotton prices eased below the ide level for winter and early spring deliveries amid diplomatic tensions with Germany and selling by southern holders. Liverpool sales and stock weakness fed liquidation while near term months showed losses. rumors of American selling abroad circulated without confirmation.
December trade figures show gold imports easing while exports rise. For the first ten days of December, imports declined from November levels, with Europe and the Orient contributing differently to totals. Silver imports during the period totaled $2,033, compared with $1,912,874 in the prior month, and exports to the Orient topped $1,621,000.
Dee Bernet, president of the railroad, announced the directors approved a five percent dividend on common stock to stockholders of record January 3, payable January 1h. This marks the first dividend on the stock in several years.
The Interstate Commerce Commission ordered Minnesota passenger fares raised to align with interstate tariffs in April. The commission found Minnesota rates set by the state commission unduly prejudicial to interstate commerce and discriminatory.
The New York market for coffee shows a weak general tone as Brazil offers press prices lower. Active months posted new lows with May and March futures down, trading dampened by light volume and a generally sluggish market despite a wet trading day.
A damaged notice reports a financial action of $67,008 tied to the Neeerahls. Readable names or places unclear due to garbled text.
Fragmentary OCR notes describe dull markets for dry goods with occasional shifts in woolen goods. Mentions of clotted yarns, worsted, and barlaps hint at price or quality changes but text is garbled without clear results or entities.
A vintage ad urging a festive shopping season on a December Saturday highlights affordable prices and abundant merchandise. It promises quick service and loans for workers, managers, and salaried staff ranging from five to three hundred dollars with reasonable terms.
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