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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Dec 30, 1919
Page
15
The first meeting of creditors in the estate of A Adolph a tailor was held in the bankruptcy court before Referees John W Banks. A composition offer to pay 25 percent with 15 percent in notes was considered by creditors and the majority favored accepting it, with an inventory of the bankrupts stocks to be taken.
Attorney A I Delaney was appointed temporary receiver for Connecticut Furniture and Furnishings Company and chosen trustee of the company bankrupt estates at a creditors meeting held yesterday. Bond set at 5 000 pounds.
In New York on December 29 the coffee futures market was quiet yet showed upturns as brokers covered and traders in Europe and the domestic market took some buying. The close ranged near the day’s highs with gains of 3 to 12 points, December and January around 14.60 and 14.60, March 14.96, May 15.11, July 16.29, September 15.12. Rio spot bulls quoted at 15.
On December 29 Liberty bonds posted final figures with 3 1/2 percent at 99.52, 4 percent issues around 93.20, 4 1/4 percent at 93.36, 4 3/4 percent Victory issues near 99.23 to 99.36, and other 4 1/2 to 4 3/4 percent bonds trading in the 91.60 to 94.36 range.
The listing details numerous quit claim deeds among Barna, Horn, Bure, Szanto, Weiss, and others, plus mortgages to City Savings Bank, certificates of attachment, mechanic’s lien, and incorporations. Names include Leopold Weiss, Elizabeth Biro, Nelle A. Upson, Frederick Ff. Whitehead, Frank J. O’Reilly, and others across streets like Deacon, Norman, Harbor, Spruce, and Wayne.
New York economic notes show butter receipts at 3,175 with creamery prices ranging from 61 to 72 cents, eggs receipts 5,294 with extras around 74 to 76 cents, and raw sugar steady with refined pricing. Wheat No 2 red around 2.65 fob, corn No 2 yellow and No 2 mixed around 1.57, oats No 1 white near 98 cents, with broader unsettled or firm trends across commodities.
New York December 29. Call money swung from 12 to 26 percent and back to 16 with 8 1/2 percent for short time loans, triggering a setback in stocks. Despite favorable bank statements, banks may need to bolster resources for January obligations. Rail earnings disappointments and foreign exchange weakness weighed on prices while metals held steady with selective strength.
In New York on Dec 29 cotton futures eased as call money rate gains unsettled sentiment. March fell to 35.40 and closed at 35.50, down from 35.96 last Saturday. Overall, the market closed steady with a net decline of 22 to 50 points. Export totals reached 2,688,668 this season versus 1,750,014 last year. Shipments show 45,817 reeled in and United States port stocks sit at 1,558,498.
Dry goods markets in New York showed firm cotton and yarn prices with steady sales and cautious buying as merchants awaited year end. Burlaps remained firmer while textiles and goods held near current levels, with little change in overall price movements.
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