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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 18 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Jul 12, 1922

Page

13

European Bonds Rally Amid Mixed US City Financials

European bonds rallied with French and Belgian government notes firming while British loans remained uncertain. Domestic issues showed few notable changes though gains dominated in final quotes. Total bond sales reached about 12.273 million dollars. New York Central Railroad 5s faced slight premium on opening.

New York Joans 2 Jossen Lange Er Actiong J Municipaia Brazil New York Central Railroad Company

Metal Market New York Copper and Tin Prices Mixed

Copper steadies near 14 to 14 48 with electrolytic spot and nearby futures. Tin falls slightly to around 31.25 for spot and futures. Zinc quiet with East St. Louis delivery rough at 3.60 to 5.53. Antimony quoted at 5.00 to 0.23 with unclear context.

New York East St. Louie Merrby

Money Market Update From New York

Call money eased in New York with rates near 3 and 4 percent. Closing bids hovered around 3 4-2, offers at 4, and last loans cited around 2 2-2. The report notes call loans against acceptances stood at 4 1/4 with modest activity.

New York

Dutch Government Floats Large Loan Announcement

New York July 11 public offering of the second half of 800000000 guilders eight per cent loan. Dillon Read and Company fiscal agents announce bonds to be offered in the United States totaling 9000000 guilders for 2500 guilder bonds, yielding about 6.10 percent net at current exchange. The remaining 10000000 guilders will be offered in Amsterdam.

Joan of Kingdom of the Netherlands Dillon, Read and Company Amsterdam

Wheat market rises on embargo rumors and weather delays

Grain Chicago July 11 reports of railroad embargoes against country grain shipments boost wheat prices. Wet weather delays harvest. Wheat closes firm with gains across futures, Sept and Dec contracts up, corn and provisions also higher. Government crop bullish, foreign exchange improved, Liverpool export activity slow but not enough to curb gains.

Liverpool

Local Bond Market Closes Strong Ahead of Summer

June bond activity shows prices near year highs with several issues edging toward par. International Silver and Salt Textile notes lead gains, while Connecticut Light & Power and Railway & Lighting bonds also post new year highs and modest advances.

Salts Textile Dak Connecticut Light & Power Co Bridgeport Hydraulic Company Alan Connecticut Light & Power Connecticut Railway & Tighting Co International Salver Company United Mluminating Blas - Askad Lust & Ret

Stock Market Listless Trade Improves Amid Advances

In New York trading on July 1 lists showed a listless mood with pockets of gains. Dealers noted broad activity in speculative issues favored by professionals as the money market eased from 4 percent to 3.5 percent. Key movers included Studebaker hitting a yearly high before retreat, National Lead, Mexican Petroleum, and International Paper with rising trade supported by improved conditions and gains in Corn Products and leather and textile shares. Total sales reached 565,090 shares.

New York Yalurhe Privats Oeringd Juenberg Studebaker General Rashal Nominon Preferred Mexican Petroleum U. S. Stelagais Mutale Molala

French Government Buys Own 7 1 2% Bonds

New York reports heavy purchases of French 7 1 2 percent bonds in open market over the past days. Local bankers attribute the activity to French government agents seeking to use the annual sinking fund of 9.9 million dollars, or 750 thousand dollars monthly, to buy bonds at par or under. The market closed with prices around 100 3/4.

New York Bonda T Hs Paar Montaly

Local Produce Prices and Supplies Report

The State Board of Agriculture reports cabbage carrots onions and squash plentiful, with onions $2.00 per bushel and potatoes around $1.75. Prices vary for eggs meats dairy and poultry, with beef veal and lamb higher than last week. Sweet corn and native tomatoes scarce, berries arriving from New Jersey and Connecticut regions, and hay and grain prices listed by dealers.

Long Island Sotatos Connecticut New Jersey Kennery Vaal Westerh

Foreign exchange rates rise in June says Federal Reserve index

Washington reports the Federal Reserve Board index shows a 3 percent rise in foreign exchange rates during June. The text notes that a higher exchange level can increase U S exports value in dollars, while prices paid by foreign buyers fall. it cites yen, pound, and other currencies with percentages around par and discusses francs, marks, and other rates.

Washington Federal Reserve Board United Trond -Wits Tetlan New York Sacharee

Wall Street Curbs Mark Firm Americans Market

Markets were firm with leaders advancing on high priced shares. Mexico Seaboard issues spurred gains as Columbia Petroleum completed a 40,000,000 barrel well in Garfield County Oklahoma. Substantial gains spread through Standard Oil, Traile Oil, Gazda and Imperial Oil Canada. Mining stocks rose, tobacco and new shares active, Packard and United Realty rose, and Cortex Silver touched prior highs.

Enset Southern State Columbia Petroleum Company Garevin County Oklahoma Gazda Hue Upieras Vang Ag Kentucky and Indians Imperial Old Canada National Metrolaun United Reval Feys Packard Rose G Tenetion Toil Wyn Pictures Ata Todd Shininitding Wera Dannind Cortex Silver New York Genii Nuw BS

New York Creamery Market Quiet Amid Mixed Prices

Fragmentary OCR notes from New York describe a tepid creamery market with various price ranges and product types. Mentions of whole milk, different creamery grades, and nearby street markets suggest a subdued trading scene with fluctuating values.

New York

Mechanics & Farmers Bank Elects New Officers

The Mechanics & Farmers Savings Bank corporators elected new officers and reappointed former board members after a recent officers election. Harry B. Curtis fills the vacancy from S. C. Bingman’s death, with T. Beach and Mr. Kingman also noted as vacancies. New officers include John L. Wessels as president, BR. IP. Whiting and William F. Otis as secretary and treasurer, and Brnan S. Catlin as assistant secretary and treasurer. The Board of Trustees lists Lymon S. Caglin, B. T. Whiting, John M. Otis, Edward D. Chaffee, Catlin, and others including William J. Bright and John J. Wessel.

Mechanire & Farmers Savings Bank Animad Yeater Anld Harry B. Curtis S. CO. Bingman T. Beach Wad Dece Kingman Bari Afierra John Lb. Wessels Denta BR. IP. Whiting William F Sht Brnan

Fairfield Trust Shows Big Gains In Recent Statement

Fairfield Trust Co reports undivided profits after expenses up 65 percent with total assets rising about 6 percent since year end. Deposits increased 42.8 percent, loans grew, and surplus funds supported investment resumption. The June 20 condition shows assets near 949,085.34 vs 789,755.82 at Dec 31, with net earnings of 16,712.89 versus 10,863 last year.

Pairfield Trust Co General Aecounts GLI Bess Fairfeld Trust Co

Money lender offers loans with confidential service

Beneficial Loan Society advertises honest borrowers can borrow up to 3500 without guarantor on furniture or property, repayable in eight to fourteen monthly installments, with extensions and removals allowed. No upfront charges, legal but no hidden fees, free advice, interviews by appointment. Located Liberty Building second floor 943 Main St Bridgeport Conn, licensed by State Bank Commissioner.

Beneficial Loan Society Second Flant Liberty Building Malp St Bridgeport Conn Linensea State Bank

Pyrene Extinguishers Barred From All Subway Cars

New York July 11 Pyrene fire extinguishers believed to have fumes overcome 150 passengers in the Lexington avenue tube of the Interboro Subway. Frank Hedley president of the Interborough announced they will be barred from further use for arc fire extinguishing. Experts blame fumes generated on contact with an electric arc blaze caused by a short circuit. A mayoral committee recommended abolishing Pyrene extinguishers in the subway.

New York Lexington Avenue Interborough Frank Hedley Sterborough oMdlals Hylan

Morris Plan Declares 6 Percent Dividend

The Bridgeport Morris Plan Co. board of directors yesterday declared a regular quarterly dividend at 6 percent payable July 15 to stockholders of record by noon July 4. The company reported a notice burn of about 4900 with 2200 set aside to fund the dividend payments.

Bridgeport Alorrts Plan Co Ses

Financial notes from local bank officers and trust holdings

The People's Bank corporators elected officers for the coming year and added a new trustee to fill a vacancy from the late John Rugling, with Judge Paul L. Miller joining the board. Stratford Trust reports a June 30 savings total of $490,464.31, up over year start, with deposits in Q2 surpassing withdrawals by about $30,000. Met Arbor Co incorporates in Hartford to manufacture and sell snaps, chemicals, and pharmaceutical preparations with $30,000 capital. incorporators include William Kraseh, Coleburn Block, F. J. G. Hardy, and William T. Irush of Norwalk.

Stratford ‘Wruse Stratford Trust& Co Stratford Trust MetArbor Co Pipers Brate Hartford Met Archor Co Worwask Minek A& Pat Sinck Witmata’ Kraseh Coleburn Block F. J. G. Hardy William T. Irusch Norwalk

Also Mentioned on This Page

Mora Vienna Crown Genoa Stockholm Copenhagen Switzerland Metal Market Barnum Equitable Industrial Loan Society, Inc Fairfield James Staplesaco PanaTz Bankers State Street Tron and Steel J. A. Merson, Inc Sterling ST Conn Lareest Sonpernen el Sales Aalgh Adams Ajax Fey Alt & D Alia Caaim Cap Lin Nh Coriwe Bath Wye Balt & O Beth Su Ch & Altos At & St P Wen Cai_& NW M & St_P Geo Chile Graciala Guy Cand Evia Gulf Bam Hudson Bay Kean & GS Lacha Steel Lehigh Lima Loco Midvale North W. Ng Ota Tay Texas Ilon Willie Willys Peat Connecticut Light Salts Textile International Silver State Board of Agriculture Atalpel FO Belgium France England Japan Venes Science Service Washington, D.C Mechanics & Farmers Camnar Amily Iran Stes Els BMG Asain Ny Fairfield Trust MEL Glete Pigan Stacks Secar Dsi Reservinette U.S. & Nat. Bk Thrist Funds Sahse Oota Et Ugh E. B. Merritt & CO Main St Salas Lip ASO Morris People's Bank People's Savings Bank John 4. Rugling Paul L. Miller Morris” 3. Beardseley George Comstock Scond Lewis B. Curtis Willy H. Lyon Frank Hubbard Waldo C. Bryant Charles §. Canfield Henry A. Bishop Augustus S. May Wesley FL Hayes Jerome Orcutt Philip T. Holzer Augustus H. Bullard Fred Atwater First Mortgage First National Bank The National Mortgage Co Hincks Bros.&co New York Stock Exchange Main Street Bridgeport, Conn
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