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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jul 08, 1924
Page
14
Report shows Brazilian bonds leading market activity with losses across several issues while domestic bonds generally steady. Rio de Janeiro and Sao Paulo issues drifted lower and profits tempered by capital movements. Mortgage listings faltered as Wilson & Co. mortgages slipped. overall market mixed amid political upheaval. Fairfield Trust Co. closes June 16 1924.
Copper dull in spot and futures with values around A487 72 3 8, Tin steady with near term around 44.00 to 4425, Lead steady near 7.00, Antimony around 8.30, East St Louis markets quoted 575 to 680, zinc steady. Prices shown for No 1 Northern and No 2 Northern and Southern ranges alongside nearby futures.
Sivay Stories presents a provocative dialogue about desire and perception. An intriguing monologue explores gender and attraction, suggesting a playful tension between vulnerability and self assumption in romantic yearning.
Cotton mill activity remains muted with average hours per spindle at 37.5 percent, the lowest since 1921. The drop contrasts with last year’s over time work and rising wages, while authorities debate overexpanded postwar capacity. Despite weak demand, overall cotton consumption per person shows no clear decline, suggesting current difficulties may be temporary amid price and buying adjustments.
NewYork July Rail shares led a climbing market into its fifth straight week despite political uncertainty. Big Four rail surpassed others with a 10 point gain to 130, reflecting a report on 1923 earnings. Utilities and steel and leather sectors also rose, while call money cooled and francs rallied in FX markets amid global tensions.
Wall Street curb market notes mixed price action with closing quotations irregular. Pennsylvanian and Central Western crude oil price cuts kept net losses limited. Port Motors of Canada surged 12 points on a gate while Hudson companies reached a 1924 high of 285 8 and Hudson and Manhattan common fell 11 2. Public Utility issues gained, Baking Company issues showed strength, mining stocks were mostly quiet with Penny stock activity. Consolidated touched a new 1824 halt at 72 amid June earnings reports. Canaria Copper revival followed news of major development work in Mexico. Bond trading slowed but prices steadied.
A Yorkshire Post tale centers on a clerk who asks for a pay rise, claiming a year’s service entitles him to better pay. The employer retorts that satisfaction must be proven, prompting a terse exchange about what constitutes adequate performance and remuneration.
An urbane Pittsburgh Chronicle Telegraph item reframes a flippant remark by an ultra modern girl about heaven and romance. A wise elder predicts she will meet a man someday and leave the modern excesses behind.
New Haven Railroad announces key moves in freight and passenger divisions with Richard Hackett named western freight traffic manager starting July 15 in Chicago. George M. Wood becomes traffic manager. F B Kinney to general freight agent. H L Sheffield new assistant. F C Coley passenger traffic manager. W P Read general passenger agent. Harold Price assistant passenger agent. Bridgport Manufacturers plans a major event July 40 under Alphena Winter, to be held on Bridgeport Hydraulic Co land. Competitive games, rifle target shooting and prizes for top performers to boost the annual gathering.
Rapid US and Canadian harvest progress pushes wheat down to near multiyear lows with September at 1.13 1-4 to 1.13 3-8 and December at 1.46 3-8. Corn and oats rise modestly while provisions firm due to hog values. Traders cite strong yields in Kansas and Midwest as well as rainless fields north of the border, aiding bearish sentiment despite late rallies.
The Chronicle reports 40,282 bales of cotton on shipboard awaiting clearance at close of week, up from 25,242 last week. New York sight figures this week total 47,193, versus 47,987 in 1923. World takings for 1924 reach 122,039, up from 102,864 in 1923. The weekly forecast shows showers in the South Atlantic and east Gulf states with near normal to warmer temperatures later. West Gulf expected scattered showers then fair and warm. Price quotes from Tirsch Lilienthal & Co include Owen High, Last, and various figures for July to December contracts.
OCall money eases with highs around 3 1 2 percent and lows near 2 percent. Ruling rate holds at 2 1 2 percent while closing bid and offered levels show modest shifts. Time loans ease and collateral terms extend up to 60 days. Prime commercial paper ranges from 8 1 2 to 3 3 4 percent.
Directors of the New Haven Carriage company announce liquidation of the long standing business started in Branford in 1838 and moved to Water Street decades ago. The firm, once broadening into automobile bodies and electric motor cabs, will complete current orders before closing. President Herbert Lloyd of Philadelphia leads the company with a $600,000 capitalization.
Real estate transfers show Mary Dampkowsky to Frank Radayoh and others on Howard Court. Stillman Street. George Street. Madison Avenue. Grand Street. Elmwood Avenue. Colorado Avenue with varied prices from 500 to 5000. Mortgage deeds include Meyers to Title Guarantee, and others on Madison Avenue and Stillman Street. Quit claim deeds involve multiple parties including Patane, Sonn tag, Hurlburt, and the Shirley Land Company.
Washington July 7 Treasury Balance shown as 235,997,798 dollars. The official tally lists the current Treasury balance in a concise government financial statement.
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