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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 11, 1924
Page
20
The insolvent Bridgeport Iron and Metal company with debts over $800 000 offered a 16 percent composition at a meeting before Referee in Bankruptcy John Keosh. Ten percent would be paid in cash and the balance by two-year notes. A meeting of all creditors was set for November 24 to act on the settlement offer.
Large manufacturer seeks exclusive distributors for Adam Good positive contact waterproof timers tools and other repeaters with exclusive territory. W H Labb 3521 Payych Street Philadelphia Pa. Plus piano lessons and home instruction ads by L ouis Consoli Teacher of violin mandolin. Real estate for sale or rent and notices dated November 10 1924 state new credit liability limits by Charles A Anderson and Emron T Humphreys.
Funeral notices from Hartford 1924 list multiple obituaries with names Joseph H Farmer Samuel A Harrison Thomas H Gaffney Jr Thomas Grogan John McGrath Mary I Hylan Bertha F Fitzgerald and others including services at Sacred Heart St Michaels and local churches with dates November 9 10 11 12 1924 and burial details in Lakeview Bald Hill and St Michaels cemeteries plus notices of family gratitude and an anniversary Mass for Jeremiah Reilly Jr to be held at Sacred Heart church.
Washington reports the Department of Agriculture's preliminary 1923 corn production at 3,477,538,000 bushels, up from last month’s 2,469,000,000 forecast and above last year’s 3,046,387,000. Also listed are expected outputs for buckwheat, potatoes, tobacco, flaxseed, pears, grapes, and other crops with per-bushel weights and state-by-state breakdowns.
Chicago wheat surged to new seasonal highs as Liverpool quotations advanced and Argentina and Australia crop reports remained adverse. December and May deliveries hit unprecedented levels, with corn and oats also rising and provisions mixed. Government corn yield outlook slightly higher, but quality estimates were weaker.
New York November reports show a 25 to 60 cent rise per barrel in flour prices since the election. Standard spring patents now move at 7.80 to 8.28, fancy family flour at 9.26 to 10.00. Buyers held off expecting a post election slump and are forced to buy at higher prices to replenish depleted stocks.
A student notes mirrors as common subjects seen everywhere from square to round shapes. The piece discusses how mirrors reflect personal appearance and even jokes that a waiter must be tipped for good service.
Heavy profit taking slowed gains on New York stocks as roughly 527 issues traded. Rail shares bore the brunt of selling while oils and coppers led advances with Standard Oil and Pan American gains. Money markets were steady with firm foreign exchange and a high sterling rate for the day.
A historical note discusses the flow of gold into the United States, noting September imports exceeded exports by 1.976 million dollars, the smallest gap since 1920. It warns that continued high imports may wane as European economic rehabilitation progresses, with foreign loan activity suggesting potential shifts in money rates and the global gold balance.
Reality records list quit claim and warranty deeds involving entities such as duast End Realty, Ifoma Realty Exchange, and Harrai Harra avenue properties. Numerous mortgage transactions include Grace Curtis to Carl Norell on Gilbert street for 2500 and Commercial Bank & Trust financing on Main street for 75000. Other transfers cover properties on Boston avenue Reservoir avenue Fairfield avenue Arctic street Central avenue Hast Main street and Parrott avenue with sums up to 75000 and 260.
Real estate transfers include Assunto Fusco to Standard Guaranty and Trust for property on Grand Street valued at 4509 dollars, Otto Somogie to Ville Guaranty and Trust for a parcel on Street valued at 2400 dollars, and a Hanford Street property transfer for 3000 dollars.
New York November 10 officials of the Van Sweringen interests of Cleveland and the railroads behind the Nickel Plate merger failed to resolve the method of consolidation by lease. Lawyers from White and Case and general counsel W A Colton reported progress but no firm agreement. A general committee of railroad executives is to meet tomorrow to pursue a direct consolidation method safeguarding minority stockholders.
The Cargill Trust company of Putnam has received a charter in Hartford and will open Wednesday. Officers named include Byron D. Bugbee as President, a former Putnam merchant and State Board of Control member, Luther M. Keith as Vice-President, Ci A. Boyce as Treasurer, and a slate of directors from Putnam, Pomfret, Woodstock, Boston, and Hartford as well as Nathan D. Fringe as Vice-President of the Hartford and Connecticut Trust company.
A remarkable buying surge hit the New York curb market with heavy buying driving gains across oil shares and utilities. Solar Refineries leaped to 190 while Imperial of Canada and others posted solid advances. De Forest Radio opened strong then receded, and Goldfield Development surged to a new high around 15 as mining led today's action.
New York November 10 reports firm currency trades with cross rates across major nations. Quotes include Great Britain at 462 3 4 to 468, Prance 6.26 1 2, Germany 25.8, Tokio 38 8 4, Argentina 87.62, Brazil 11.60, Montreal 99 S1 32, among others.
Nov 1 New York money market shows easy call money with high 2 1 2, low 2 1 2, ruling 2 1 3, closing bid 2 1 3, offered at 2 3 4, last loan 2 1 2. Commercial paper quoted 1 4, 90 days 4 L-4, 4-6 months 8 I prime commercial paper 1 4.
United States Treasury balance as of November fifth stands at 816 074 238 dollars. The report lists the November balance, reflecting current fiscal position with no additional context or dates beyond the stated figure.
United States government bond quotes show Liberty bonds trading with varied yields. Notable entries include Liberty 4s reg at 102 and Treas 4s at 106.20, reflecting activity in the bond market on November 10.
New York November 10 report shows United States Steel Corp unified orders end October up 51,490 tons to 3,626,270 tons. Gains in September and August were larger, but month’s rise indicates continuing improvement and a high unfilled tonnage, with further gains expected by November end.
Profit-taking pressed prices as stocks and bonds slid from recent highs. Banks and railroad issues fell on heavy selling while government and higher grade bonds saw a mixed, cautious movement. Copper and industrials showed some activity with Treasury notes and Liberty bonds remaining under pressure. A new financing issue from Central Iowa Power and Light was scheduled for later in the week.
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