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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Feb 04, 1921
Page
15
New York Feb 3 The stock market showed renewed weakness under professional bear attacks with declines of one to three points. Oil shares led the drop while general steel and other issues also weakened. Calls for more selling pressure and a tight money market pushed sentiment lower as several big accounts reportedly remain unliquidated or acquired.
In New Tork a sharp drop in granulated sugar wholesale prices brings them near prewar levels as refiners slash to meet stiff demand and hoarding subsides. Prices for common tea sugar fall to about 1.35 dollars per pound while raw sugar also eases, with reports of price-cutting across East and West refineries and a looming interrefiner price war. Separately, Peugeot Company of France plans an American arm to build cars in Delaware with a New England plant, issuing 3 million dollars in preferred stock and setting a soonest production target for a high efficiency 76 HP model at around 8000 dollars.
In Paris unemployed crowds marched to city hall singing the Internationale and attempted to reach the building. Police dispersed the gathering, arresting many, as protesters carried socialist pamphlets. In suburbs other demonstrators raided bakeries and grocery stores and seized goods.
A New York report notes authorities will pour an amount of wine and whiskey into the gutter after a liquor seizure at a hotel. The county holds about $30,000 worth of liquor and wine but plans to dispose of it without further tax or testing.
Wheat prices fell as market pressures and liquidity concerns weighed on trading. Buyers retreated while selling intensified, with declines across contracts and limited appetite from Eastern buyers, despite some firming for nearby provisions.
Representative Wy. F. D. Shilpat rick announced hearings are scheduled Tuesday at 2 o'clock in the state capitol on requests to restore citizenship rights for listed individuals. The measures, introduced in the House, seek restoration of rights for Alonzo East Hartford Sternlied Worwich Carrington Bristol Skelton Manchester Norwich William Oliver Hartford Samuel S Green Hartford John cogarto Stafford.
Cotton prices drift lower as outside interests pursue lower values amid Manchester political gloom and weak Liverpool spot reports. North Texas sales softened while futures faced selling pressure. Galveston reported 10060 bales with overall market unsettled and cautious demand from local commission houses.
Market observers note a downbeat tone as January activity shows lower prices and shifted sentiment. New York coffee figures point to varied monthly totals with substantial changes in bags traded and freight costs affecting early 20th century market dynamics.
Nervous markets in New York report stalled old crop cotton marketing amid financing worries for new crop. Unsettled Liverpool advisories and ongoing Western belt curtailment fears weigh on demand while prices drift lower and trading remains quiet amid hedging and bearish sentiment.
Fragmentary OCR text reports Liberty Bonds with figures in a wartime funding context. Mentions payees and bond listings with odd numerals and letters, indicating a financial notices snippet from a historic page. Provides no clear event date or full names due to damage.
The government weekly tobacco figures show January sales reaching 1,446,910,489 pounds, compared with 1,537,222 pounds for the prior year. Details on grades and regional breakdowns are partially obscured in the garbled text, but the headline notes a strong Smokers demand and a high valuation across categories.
Real estate entries show quitclaim, warranty, and mortgage deeds involving Sofie Lipsitz, Giuseppe Gadrinelli, Samuel Smith, Mary Smith, Kathleen Hungerford, Mishael Rodstock, Andrew Bahdro, Elizabeth Weiss, Marcus Hirsch, Giuseppe Gabianetlie Building and Lota Association, Anna Tayuks, Robert Dewis, Mina MM, Harry and Sonia, Henry Sallinan, and Henry Greenstein. Properties touch Beardsley Park, East Main Street, Nelson Terrace, Remington Street, Boston Street, Tudor Street, Coston Avenue, West Morgan Avenue, Manhattan Avenue, Stratford Avenue, Niles Street, and related notices.
Rep Slemp of Virginia argues in a letter to Secretary Houston that the United States should demand from Germany the 234 million dollar balance for expenses of the American army of occupation. He cites Germany’s obligation to others and questions if America could foot more than 7,400 troops. The Army of occupation exceeds 14,000 on the Rhine line, with costs mounting past 270 million for forces through December 1 and Germany paying over 75 million toward the overall bill.
Sugar prices in New York edged up after a brief drop, with Cubans at around 37 80 per bag and grain declarations about demand. The record also lists public notices on board relief, invoicing, and court actions including guardianship and estate matters in Bridgeport.
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