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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jul 28, 1920
Page
15
New York markets saw a sharp rally from fresh low records though U S Steel and General Motors led the losses, hitting year lows amid earnings reports. Trading featured heavy short covering and a broad advance later in the session with bonds and Liberty issues under pressure.
Portun exchange in New York shows steady mercantile paper values with quotes for bills on banks, cable transfers, and commercial paper. Rates include 60 day bills, 3.7 percent returns, and demand figures across multiple instruments with varied bond and cargo references.
In New York a financial panic is recalled as money conditions tighten. Treasury actions prevent wider embarrassment and banks aim to sustain crop marketing. Officials warn of possible increased credit needs but see overall banking strength as capable of meeting demands. Fore seals and international recovery trends offer cautious optimism for the harvest season.
The July 13 filing from the State bank department readings indicate mixed results across insured and non insured entities. Key figures show aggregate assets near 6.44 million with variability in average stock and wage measures. The report compares current averages to the previous year’s levels.
Washington July 27 treasury officials considered reducing the allied debt by applying wartime claims against the United States to debts owed by various governments. No cash or credit will be extended to debtor nations. amounts recognized from this country will be charged on America’s bill.
July 27 market notes show weaker butter with 878 receipts and varied creamery and extras. Wheat spot weak at No 2 red and No 2 ward around 233 to 1-2. Prices for pork and flour mixed, with refined sugar quiet and other commodities largely unchanged.
The report notes Brazilian market weakness and declines in futures as July, September, and December prices slide. Covering orders ease near the close with modest net losses, while front months show lower values across July, September, and December contracts.
In New York trading on July 27 is shown a mixed session with cotton prices slipping earlier but recovering to gains of 45 to 50 cents above last night’s close in the final four, covering activity lifting the market. Exports reached 12,608 bales for the day, totaling 5,025,597 bales for the season. port stocks and receipts are listed alongside. Copper and steel futures show firm and steady tones in the metals market with miscellaneous quotations for various grades and ports.
Readable prices show plentiful farmers market supplies with slow demand for vegetables and variable meat and dairy rates. Potatoes and cantaloupes command stable values while live poultry and fresh meats display modest shifts. fruits and produce list includes onions, cabbage, carrots, beets, and tretsel items with regional pricing notes.
Liberty bonds and petroleum royalties are reported with figures from 1918 to 1919. Government royalty receipts total millions, with production valued at hundreds of millions across wells, while Canada’s apple production and sales reach about 27 million dollars for 1919.
In Kansas City market reports show wheat and grain price volatility with experts warning of sharp moves. Analysts note unsettled credit conditions and a record 49 601 023 dollar federal bank balance shaping near term market sentiment.
July 27 reports show wheat prices tumbling as buyers pull back amid calls for hedges and lower export bids. December wheat slipped 1-1/2 to 14 cents, with price drops extending into March bids. oats and corn also eased while provisions gained. Slump impacts other markets with U S Steel announcing dividend and earnings boosts.
A garbled OCR item lists bulk entries for construction and alterations at multiple locations including 999 Main Street and 252 Black Rock Avenue. It mentions costs around 5.6 igs and various names such as Mrs. Toxana Bevan Axel Guilyons G. Getto Farry Schuster and John Pitu. A separate note reports Jhimes Kaples, 18 years old, arrested for bathing off Son sidn pau and to be arraigned in city court.
J E Conant Co Lowell Massachusetts advertises a broad auction of machine tools at Western States Ashmen turnd and Industrial Exno West Springfield. The sale features spindle lathes screw machines universal mil and drill presses among many items. Viewing and bidding details include August date and location in Springfield.
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