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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 08, 1926
Page
17
New York report notes shifting trade last week trimmed steel demand and reduced motor production while cotton crop pressures linger. Shipping gains lift coal export momentum, pig iron prices rise, railroads show rising earnings. Retail trade soft but hopeful, crude oil markets help curb overproduction amid easing financial politics.
Yale economist Irving Fisher argues that falling price levels generally raise unemployment, while inflation boosts employment. He notes 1925 European experience shows declines in prices led to job losses, with some exceptions where export-driven production offset domestic declines. He cites wholesale price indexes and regional farm hardships, warning 1927 may bring partial depressions without offsetting factors.
Real estate ad fragment shows a space listing with unclear typography and figures. Mentions a Tas theater, WAR AGT, Adal XT, Spero, and Addling Machines with a price tag around 25 dollars. Details are garbled and no clear property or actors are identifiable.
A dense historical listing shows many price points and company names across sectors from copper to tobacco. Investors like UBS Louis and Seaboard Air Line appear amid broad price movements and notable firms such as General Electric, DuPont, and Allied Chemical feature with varied quotes.
The piece explains Irving Fisher’s Weekly Index of prices for 200 commodities and the purchasing power of money relative to 1919. It notes May 1920 prices exceeded prewar levels by 147 percent, meaning a dollar was worth 40.5 prewar rents, and cites Fisher’s book The Measuring of Index Numbers. It includes figures for 1920 1922 and mentions sources like Duis Weekly Review and War Industries Board.
Kansas Supreme Court rules stock tire insurance companies must refund about 4,006,000 to policyholders in the state. The decision, in a Shawnee County case, reduces fire and tornado rates about 5 percent from 1923 levels and directs refunds of the difference between company rates and state department rates.
Judge Bishop authorized receivers Ruben Dunsford and Charles Iowley of Lowell to pay $245,174 to the Gla Colony Trust Company of Hosian and $27,599 to the Chase National Bank of New York. The funds come from $870,088 on deposit with the Old Colony Trust company. The total indebtedness is about $1,900,000 and the payments represent roughly 4 percent after notes held by the two banks.
New York trading shows bonds rising to year highs on lower money rates while foreign exchange rebounds to top levels since spring. French and Japanese currencies advance. sterling hits new lows. Election results lack market impact as investors seek clarity on trend amid uneven activity in metals and autos.
New York reports the five day condition of clearing house banks and trust companies with excess reserves at 2,106,210 dollars. This marks a decrease of 5,060,030 dollars from the prior week when excess reserves stood at 17,606,240 dollars.
Chicago reports that official forecasts show a larger market size turkey crop than last year though some agencies warn prices may still rise. Texas leads with a 15 percent gain while other states show declines, as analysts urge marketing of mature birds for Thanksgiving to avoid price dips.
Clearing House statements show exchanges totaling $97 million with balances of $116.06 million and federal reserve balance at $101.01 million. Hartman Corp sales for ten months 1928 reach $12.42 million, up over 25 percent from 1926. Oil market data reports U S crude prices near $1.97 per barrel, production at 37.76 million barrels year to Oct 30, with daily rate around 5,000,000 barrels. Mexican Seaboard Oil and International Petroleum report nine months losses of $477,384 versus $543,268 in 1925.
In Santiago Chile on November 7 the 24 hour general strike against a government Compulsory Insurance scheme ended. Transportation workers resumed duties and ore and leather workers, on strike for four days, also returned to work.
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