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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jul 13, 1920
Page
14
AY HOLLAND reports promising wheat and corn prospects across Montana and the northwest. Favorable rains, adequate irrigation, and improved conditions support an expected large wheat crop and possibly a record corn harvest, with careful distribution and market timing influencing overall value.
The American Railway Express asks the Interstate Commerce Commission to approve continued operation as a consolidation of Adams Express, American Express, Wells Fargo and Co, and Southern Taxiness Co. Norme C. Yaylov of New York says 31 million dollars is needed for equipment and additions, with bankers likely to provide funds if the consolidation proceeds.
In New York on July 12 the coffee futures market declined from late last week with July and December contracts sliding. Prices closed near the day’s lows with July at 12.95 cents and September through May contracts listed between 11.55 and 12.02 cents. Spot Rio coffee was reported dull at 124-140 per bag.
New York report shows butter receipts and creamery prices steady. eggs and poultry mixed with shallow gains in some lines. Wheat firm on No 2 red and futures. corn futures hold, oats steady. pork and lard prices steady to easy. cottonseed oil weak to easy with May and July futures noted.
Chicago July 12 reports say bullish signals from the spring wheel belt initially lifted corn but gains faded. Visible supply rise weighs on prices with September at 1.48 1 2, December around 1.42 1 3 to 1 425 5. Oats drop about 1 cent, provisions mixed with small rises and declines.
Dry goods trading in New York remained quiet on July 12 with Wash goods opening for spring and yarns near steady. Curtailment in some spinning centers was reported while raw silk slipped slightly. Wool goods and dress fabrics showed steady demand and active exchanges, balancing a treasury reserve credit totaling 30,751 and reserves around 472,315,275 in scattered figures.
In New London during July Britinerd and Armstrong mills with 485 workers in Locir group announce one day layoff due to slack retail demand and trouble securing raw material from Japan. A convoy suspension adds to the industrial downturn.
Washington July 9 42 The Ishippings board found no buyers for Clerk wooden ships. Bids on which were invited earlier. The Landers were to be opened today but none was received. The wooden craft were built as part of the war program and aggregate 32,000 weight tons.
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