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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 01, 1921
Page
15
More than 600 million dollars has been subscribed to the Treasury offering of 4 1 4 and 4 1 2 percent certificates of indebtedness. Officials report about 3200 million dollars in face value offered with heavy oversubscription. The response suggests a possible easing in the money market.
The American Type Founders reports a year ending August 21 1920 with net profits of 5929 016 and surplus added 490.57 after a 349 242 dividend. Coca Cola notes bank loans rising from 5 00 to about 2 920 000. Federal Farm Loan bonds totaling 60 000 090 issued October and 100 000 009 sold in six months. Various notes on wages dividends and stockholder letters reference Sugar, United States Warsted and other entities. Gold holdings by the Federal Reserve show a large October raise and year end increases in precious metals.
A dense OCR filled page lists numerous stocks, prices, and percentages across sectors. It mentions shares and trading figures for firms like Lehigh, Gulf, and Union Pacific, with scattered percentages and price cues, implying a broad market snapshot without a single clear lead story.
Market chatter shows creamery extras at various cents per pound and price spreads across creamery firsts and higher scoring lots. Wisconsin milk and whole milk quotes appear with varied levels, while skim milk and cheese sections show broad ranges and nearby price movements.
John J. Keosh filed articles of bankruptcy yesterday at 18 Madison Avenue in Dankruptey court. Creditors initially offered 20 cents on the dollar but later accepted 25 cents on the dollar after negotiations in U S debt proceedings.
NY October reports show rising stock yields and an impending maturity on November 1 for $500,000. Heirs of a local firm influence market talk as speculation grows about meeting obligations. Wall Street Journal notes indicate fluctuating prices as investors weigh repaying debt against new funding options.
Market activity showed no clear trend as stock prices drifted and bonds slackened. Mexican Petroleum led declines with an eight point drop while major groups faced varied losses. steel prices hint at future reductions and foreign exchange odds shifted with French gains and German rates easing.
Prices quoted today at the New York Metal Exchange show copper steady at 13 1-20, tin quiet with November and December-January ranges, lead gaining with spot in November at 1.721-20, speller steady at 4.00c. New York spot cotton remains quiet at middling.
The New York New Haven and Hartford railroad reported record gross and net operating revenues for September, per the Wall Street Journal, with freight and passenger income near parity. Despite higher rates, eight months to September show freight up 1.83 percent from 1920, and overall traffic volume down roughly 38 percent.
In Chicago grains trading, the wheat market fell despite a smaller visible U S supply as imports of duty paid Canadian wheat rose. December and May contracts closed lower by fractions of a cent with mixed gains for other grains. Corn and oats slipped slightly, while provisions varied with hog prices. Trading was largely local and activity muted.
Washington reports from Oct 31 indicate the Federal Reserve Board sees the strongest optimism since the depression began. A clear improvement in general business and the agricultural sector, aided by higher tobacco and cotton prices and strong cereal exports, has sparked demand across industries. Building activity remains robust, with growing textile orders, iron and steel output, and increased bituminous coal production while unemployment persists and labor unrest remains limited.
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