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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Dec 31, 1919
Page
15
Dec. 30 stock market session shows high money rates early and mid session. Call loans peak at 25 percent, then ease. Copper gains, steel bookings rise. American Woolen and United States Rubber lead with large advances. Trading hits 1,556,000 shares, bonds active but treacherous. rails and metals weaker overall.
Last of budgets from city departments covering the coming year will be filed with the city auditor today. The board of education requests 4,232,197.94 including a deficit and 2,500,000 for new schools plus 16,916,769 for state trade school rent. Park board asks 286,730 for next year and funds to build a new bridge to Steeplechase island with 980,000 for the bridge and 20,000 for repairs ordered by the U.S. government. Streets and sidewalks budget near 750,000. recreation seeks 164,270.43 including three new gymnasiums. probate court asks 1,500 for supplies.
Blumenkrön of Riverside district Sound Beach filed a bankruptcy petition listing liabilities at 50 023 14 with no assets. Secured claims total 40 000 while unsecured are 10 382 14. Creditors holding securities include 78th Street Improvement Co Broadway New York 25 000 and Alexander Fr Nichol 15 900.
Dec 30 report says disagreements between Allies and Germany over moving troops to areas near upcoming plebiscites were settled at a conference of experts yesterday, per the Journal.
The data shows varied stock movements with percentages ranging from single digits to over 100 percent in scattered figures. Specific companies or indices are not clearly identified, but the excerpt reflects a volatile market with several notable shifts and value changes.
William R. King vice president and director of Standard Oil Co of New York died suddenly on the platform at the West 103rd Street subway station. Aged 87, he had a long career with the company and was noted for philanthropy in New York City.
London Ont Dec 30 D B Hanna general manager of the Canadian government railways predicted the electrification of all railroad terminals in Canada in a comparatively short time. He said the new system would offer advantages over steam for handling trains in big yards and he advocated higher freight rates, noting Canada’s rates are lower than in any other country.
Dec 30 Calago Assistant Attorney General Raymond Pruitt started probe into speculation in German marks. Reports say many brokerages dealing in marks have opened here, aiming to expose whether brokers hold real value or engage in packet shopping. Dealings run into hundreds of thousands of dollars as the mark trades around two cents, with par value near 26 cents. Speculators buy in hope of a post peace treaty rise in value.
New York reports butter steady with receipts of 7 296 and creamery prices rising to 1 2 72 for creamery extras. Sigs for eggs mixed quality around 76 to 78 for extras and firsts. Sugar steady at 97 28 cent, wheat No 2 red near 2 06 f o b, corn No 2 yellow 1 61 1 4, oats No 1 white about 99 cents.
Boston December 30 Gerry Fort was appointed vice president of the Boston and Maine railroad. He will become executive officer in charge of traffic. Fort, now assistant director general in the division of traffic for the United States railroad administration, was formerly a general passenger agent for the New York Central.
Liberty bond prices listed for several issues show slight declines with 4 1-4s at 91.80 and Victory 4 1-8s at 99.02. Sterling exchange quotes slip with 60 day bills at 3.70 1-2 and demand at 3.75, cables 3.78.
New York, Dec 30. Early gains from foreign trade buying gave way to declines in the ecotton market, but late trading firmed and closed with a net advance of 188 to 42 points. March moved from 46.95 to 35,40 before finishing at 36.82. Exports this season total 2,6838,653 and port receipts reach 41,667 with U S port stocks at 1,484,715.
In New York coffee market today there was light selling by near month shorts and modest buying by European linked houses. Prices opened 4 to 5 points higher and closed unchanged to 16 points higher led by a rise in most contracts. January 14.60 March 15.03 May 19.23 July 475.43 September and October 15.28.
In 1917 deaths from automobile accidents and injuries totaled six thousand seven hundred twenty four, or eighty eight per one hundred nine thousand population. The figure reflects nationwide fatalities and highlights the rising danger of early automotive travel.
Cotton goods were firmer today and yarns very firm in the fine numbers. Staple ginghams advanced one cent a yard to 23 1 2 cents. Burlaps were firmer and raw silk was higher.
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