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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jan 12, 1921
Page
15
In New York, a brisk session saw about 1,500,009 shares change hands as the market strengthened. Speculative issues with short interest led gains while steels, shippings, and equipment stocks led advances Cravible top gainer. Bonds showed no clear trend amid mixed advise and firmer money.
The Federal Reserve Board reports a net gain in the U S gold stock of 108,520,000 for the year just ended and details on imports and exports. Gold imports totalled 428,700,000 with exports at 322,100,900. silver imports reached 55,100,000 and exports 215,509,000. Major suppliers included Britain with 148,290,000, France 43,459,000, Canada 34,200,000, and Hong Kong 39,200,000. shipments to Asiatic countries and Japan dominated totals. Exports to Argentina, Mexico, Uruguay, and Canada were noted.
Connecticut State Grange opened its thirty sixth annual session in Hartford with State Master Frank E Blakeman urging enactment of laws to allow state action in harmony with the federal Volstead act. He criticized last years daylight saving schedule as costly and confusing. He pressed improvements in roads policing, state constabulary, a state bureau of markets, and better rural policing. The meeting includes reports from Pomona granges and addresses by officials and guests.
New York January 11. Development of commercial aviation and war effects on progress were debated by Aeronautic Session speakers as the Society of Automotive Engineers opened its annual meeting. Grover Loening warned of false leads from wartime aims and urged practical, all‑metal construction and efficient designs.
Seven building permits totaling 14 085 were granted by the building commission at last night’s meeting. Permits include a residence on the west side of Gurdon street for Joseph Lukomske and wife, a storage shed on the east side of Gurdon street for the same owners, a farm house at 96 Wayne street for A. Ball, a residence at 404 Davidson street for E. Brovifle, a family dwelling at 44 Hawley Mr Rast Avenue for Michele Avenuone pid, an office building on South Coffin street for J Gavege, and a lot on Noble avenue for Crass Bin Stone vom.
New York banker Ke ner A. Sisson told the National Automobile Chamber of Commerce annual dinner that the United States has passed the most critical postwar readjustments. He warned that while production costs will fall and prices drop with reduced costs, purchasing power will stay constrained in some areas. He expected a gradual return to stability as efficiencies rise and deficits lessen, urging producers to avoid delaying releases of goods.
The Bureau of Internal Revenue reports November tax collections totaled 4,219,073 dollars, down from 49,740,289 in the same month in 1938. Aggregate receipts for the fiscal year to date were 1,574,083,640, a decline of more than 128,585,310 compared with the prior spending period.
Realty records list multiple quit claim deeds and mortgage deeds. Transactions include Borstelman to Ziegler 112 feet on Willleton Street and Tas Drews Muller to Arthuy Dyler for one lot in Hawley Heights. City National Bank to Josephine Jackson covers two realty pieces on Park Avenue and Jackson Court. Various other transfers involve Harman on Linwood Avenue and Rossinoff to Di Massimo on Rossinoff Place plus related properties on Wheeler Avenue and Palmerer Street. Mortgage transfers include Elizabeth Ryan to Minnie Hunt on Connecticut Avenue and Logan Street and Walter Loewith to George Reinecke on Laurel Avenue.
Milford Redmen announce plans to build a new headquarters on New Haven Avenue to house a hall for meetings, a lodge, and social activities. The plan includes a water supply, gym space, and recreational rooms with fittings managed by a building committee chaired by L. R. Toocker and including I. LeCenizys, A. B. Mills, and A. Hagimayer.
The dry goods market in New York showed higher activity in gray convertible and finished glass lines while cotton yarns gained as prices moved closer to replacement cost. Revisions were expected to be drastic, signaling a likely shift in wholesale pricing and stock availability.
The House Agriculture Committee heard Sean Turner of the Pacific Cotton Exchange urge amendments to include American Egyptian cotton in default grading. The push aims to boost domestic milling demand amid drought, while wheat futures rose with March deliveries near 1.804 a bushel and volatility across corn oats and pork. Hedging shifts and export sales of 600000 to 1500000 bushels were noted, with Argentine wheat priced cheaper than U.S. futures.
The market shows bulk cows and heavy cattle trading near steady, with bulls and heifers in demand. Packers buy cattle at about 11.00 to 11.50, sheep around 4.00 to 7.00, hogs near 40 dollars per hundred, and feeder lambs listed at 11.00. Prices reflect mixed demand with strength for cattle and limited gains for lighter livestock.
Market-report style quirk lists grain and feed values with varied references to New York Pennsylvania prices. Mentions No 2 red No 2 yellow No 2 mixed corn oats cotton and futures terms, with spot and futures figures and exchanges in a compact, unsettled tone.
The market for coffee futures showed new firmness due to rush demand and improved tone. The market opened up about four points with active months up 9 to 4% points. May touched 7.40 or 8% above recent low. Last prices near the peak with net gains. Spot trading reported as lagging.
The fragmentary OCR entry references Liberty Bonds and a sequence of unclear terms including BTV E TLUVY and W704, with no coherent event or names to confirm a specific action or outcome.
Fragmented OCR notes describe jail-like market jargon with sugar futures, spot quotes, and cargo terms. The text mentions bags of sugar, freight costs, centrifugal process references, and price movements including declines and recoveries, with unclear dates or entities.
Cotton New York opened nervous and unsettled as traders eyed profit taking after a two cent rebound from recent lows. Reports of strong Coltan arrivals for January and Liverpool’s cautious tone pressured prices. May delivery slid to 15.60 with close near 14.74, down 33 points, while other grains and ships list steady activity and arrivals from New York to Rotterdam and Glasgow.
General Electric announces this year's compensation plan for employees with five or more years of service. Supplementary pay will be issued as per cent debenture bonds in late January or February, with cash payments for portions below fifty dollars. Total compensation above fifty dollars will be paid partly in bonds and cash, allowing conversion to cash without penalties. Allocation aims to aid enterprise morale while preserving employee capital for future liquidity.
A backstage mishap during a performance delays the opening as a wig is delivered by airplane to assist on stage. The pilot arrives near Taondon, Ia, and the special wig lands just as the show begins. The actress faces an awkward moment moments before curtain rise.
The General Reserve Bank today reported a credit balance of 42199855 dollars and Clearing House exchanges totaling 871382383 dollars with balances at 69593001 dollars across the system.
Funeral notices for multiple individuals appear, listing names such as John Buechlen Harriet Lockwood and Louis Sheldon Morris with dates in January 1921. Details include funeral locations at Frank PSlke Mortuary, H. A. Remington Chapel, and various Bridgeport addresses, with interment at local cemeteries and masses. Card of thanks and anniversary Mass notices are also noted.
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