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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jan 17, 1922
Page
15
New York stocks opened firm with rail stocks leading gains on a broad advance. Some names fell back including Crucible Steel and International Paper amid short interest. Oils stalled then rallied late on Mexican Petroleum news as money rates firmed to six percent.
Short covering sparked a rise in national Enameling and Stamping early trading. As buying power waned the stock slipped over three points from the best quote amid forecasts of a February annual report showing a roughly 33.1 million deficit after preferred dividend. Depreciation in inventories contributes to the shortfall. common dividend loss from St Louis Cake Chemical reduces enamelers’ income. Rumors of a strong pool support steel shares while supply remains ample and prices remain near prior levels. Independent Steel merger progress cited with Spencer Wickswire name resurfacing. Motors show strength with Straus front led by Chandler and Studebaker amid talk of higher dividends early this year. Persistent chatter surrounds Gea- and its impact on market tone.
Wes Mfg and five other manufacturers form a co operative export association to open branch offices in European and South American cities. Members include Mee Corporation makers of furniture Wilson Bridgeport Morten B Converse & Son Co wooden toys Winchendon Louis Amberg & Son dom makers New York Milton Bradley Co games Springield Leo Behesinger & Co turn manufacturers New York Walbert Manufacturing Co pans Chicago.
Wooster and Davis claim to provide patent examination services and offer a booklet on patents. The firm lists 1114 Main Street, Bridgeport, and markets as former examiners for U.S. Patents. The ad invites readers to request the booklet for more information.
Heavy buying of Gulf States Steel common led to widespread speculation on the New York stock exchange. Rumors circulated of secret options and a possible Henry Ford interest joining Muscle Shoals, with chatter of Chicago interests acquiring the stock in private sale.
On January 16 at New York curb market the high priced dividend paying issues led the day on the Stock Exchange. Kirby Patraient stood out in the department, with the market heavy at first then rallying after news of a 12 1 2 cent advance to 312 1 2 cents per barrel for crude oil in the Moxie Holt sale.
Chicago grain markets edged lower at times on Southern hemisphere competition and New York brokerage issues. Wheat closed steady near Saturday with May at 1.41 to 1.42, July at 1.06 to 1.00, corn up marginally, oats down, and provisions mostly unchanged to higher. Demand remained cautious despite new crop export inquiries and visible supply, while increased shipments and hog prices influenced provisions.
Market report from New York notes firmer creamery demand, higher creamery prices and steady to quieter wholesale milk and cheese markets. Milk products include whole milk and skim variants with varied grades, eggs listed with price ranges and regional terms.
The readable text shows scattered financial or commodity figures and partial terms without a clear event, date, or identifiable entities. No definite people, organizations, or locations emerge to form a proper news item.
District of Bridgeport Probate Court orders six months for executor to settle claims on the estate of John Albert late of Bridgeport. Notices warn creditors to present accounts within the period and directed administration to proceed at 34 Church St.
Fragmentary OCR text appears to mix garbled phrases about money and voters with unclear names. No coherent event or entities readable enough to summarize as a factual news item.
New York January market tone shifts as irregularities appear in bonds. Fourth Liberty bonds surge while others dip. wholesale trading broadens to Reading, Great Northern, Southern Pacific, Union Pacific and Baltimore and Ohio. Some issues recover after sharp dips. profits rise but lack of industrial issues limits movement. Detroit reports new hand issues with a $30 million loan to Cuba under discussion.
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