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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 03, 1921
Page
15
The Federal Reserve reduces the rediscount rate across districts citing market conditions. Analysts note the move aims to ease liquidity and support foreign exchange operations while signaling lower rates may continue amid inflation concerns.
The speech argues world production lags consumption, calls for stable prices and wage fairness, and warns that misadjustments threaten recovery. It asserts law enforcement as key, critiques price controls, and urges cautious wage policy to sustain demand and avoid inflationary shocks. It notes steel industry gradual improvement and broader recovery prospects amid adjusting economies.
Real estate records show multiple deeds and mortgage actions including transfers on Main Street and Avenue, sums such as $1599 and $106, with names like Giacamo Mas, Annie Fenner, and Edith Rose involved. Notices reference attachments, trusts, and court actions in relation to properties and creditors among numerous individuals and entities.
Werk reports in Weber states District Court the ruling against a 10 percent fair rental return claim linked to residential property. The decision, cited by Mrs Yarman, overturns a prior 10 percent figure and affects the related series of test cases connected to American style property ventures and the Brookhaven district.
Prices for Pennsylvanian crude oil rose again on November 2, marking the sixth increase since September. The latest 40 cent gain lifts the barrel price to 2.56, about $4 below the 1920 high, with other Eastern crudes up 25 cents and England up 10 cents.
Grain markets show unsettled quotes as Canadian interior elevators and roads coordinate to regulate shipments. Prices drift with weak demand for U S wheat and expectations that Canadian crop curtailment may ease hedging pressure. Provisions steady. hog futures mixed amid overall cautious tone.
The new market notes list butter at 47 to 49 cents per pound in creameries, creamery prices 38 to 47 cents, and higher rooring at 47 1 2. State dairy prices show 82 to 8 cents. cheese and whole milk ranges appear with lower grades. Wisconsin market references include whole milk, skim categories, and general price shifts. eggs show a separate value.
Fragmentary OCR shows terms like Bid Asked R70 G74 and ens Der seus, leaving the exact coffee lot, origin, and bidder details unreadable but indicating a bidding stage or auction note. The readable fragments suggest a price reference and vendor shorthand without full context.
An extensive ledger of prices, shares and percentages across many companies and sectors. The list includes Arms, utilities, railways, and consumer goods firms with quantities, changes, and percentages, showing overall market activity and comparisons to prior days and years.
Ralph Leber of Fall River declared at the Nations Association of Cotton Manufacturers meeting that domestic competition in New England now surpasses foreign rivals. He cited tariff barriers and evolving trade factors as weakening protection, noting rising wages and shorter labor in other regions.
Dividends list shows Buckeye Pipe Line quarterly 2 payable December 14 to stock of record November 22. Dominion Oil monthly 1 percent payable December 1 to stock of record November 10. Hartman Group regular quarterly ad dividend December 11 on record November 15. Machining Parcelment Co regular blank December 1 to stock of record November 22. Old Colony Trust Co quarterly dividend 8 per share payable November 16 to stock of record November 1. Ranger Texas monthly 1 percent payable December 1 to stock of record November 1. York Manufacturing Company specific technical dividend percent payable December 1 to stock of record November 1.
The Wall Street Journal reports progress in talks to acquire interests tied to Anaconda Copper Mining and a large block of American Pat. Anaconda Copper says it is not ready to discuss details yet and a formal statement may be issued before the end of the month.
New York traders faced irregular activity as the market absorbed the lowest money sales in weeks. Pools remained active amid modest gains and a late rally in Mexican Petroleum, while German marks hit record lows and foreign exchange showed mixed movement.
October bookings show improvement for several steel companies led by increased pig iron output and strong wire, pipe, and sheet demand. The Steel Corporation’s wire unit hints at price rises while overall heavy finished product prices soften. Chalmers Motor Car cuts prices to stimulate demand as factory output rises.
A compact digest names ten leading copper stocks Am, Em, Ref, Kennecott, Anaconda, Miami, Cerro de Pasco, Nevada Consolidated, Chino, Ray Consolidated, Inspiration, Utah. It previews up-to-date news on top executives, last dividends, total dividends to date, and price histories from 1915 onward, arguing current quotations justify cautious buying.
New York November 2 Statistics on living costs and wages in railroad work are being collected independently to support wage reduction proposals. An official of the Association of Railways Executives said carriers may pursue separate steps, and the issue will not be settled collectively at this time.
Call money in New York hovered near four percent with loans offered against November 3. Spat center ling 25.00 noted. New York markets remained quiet and mid range overall.
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