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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 22, 1926
Page
15
New York reports mixed signals as industrial and consumer demand weaken. Train and steel activity drop while sugar prices rise after a Cuban crop limit. Trade balance improves with October exports at 456.1 million and imports peaking since April.
The Toledo, Peoria and Western railroad corp formed in Illinois to take over the purchased property in foreclosure. General manager Gantge T. McNear announced that no merger is planned and that the line would continue to be operated as an independent railway.
New York traders faced a broad price drift with stocks down and bonds rising to new highs. Wheat sold heavily after upward crop-size revisions, while futures steadied. Sugar climbed to new highs on a Cuban decree limiting output. French francs surged while sterling fell.
Analyzed figures show United States leads in total wheat consumption per capita is high though per person usage lags other nations. France 7.5 bushels Canada 7.4 Australia and Argentina export modest amounts. North and South American countries dominate exports while Europe buys most. BURTON's needs rise slightly next year but American Canadian crop gains cover increases.
Cyclone cellars in as8 proofed rooms and shelters for Londoners may be introduced under Air Ministry plans. Statsin's two new airships will carry 4000 relief passengers without refuelling. Heavy oil engines will be used. Santa Claus arrived in London this year by coach and four. A canal between Marseilles and the Rhone, a long dream of Southern France since 1567, has been completed.
Chicago November 21 The 1926 annual report by the Bureau of Foreign and Domestic Commerce in Washington highlights a record year for American business. It credits government support and aggressive foreign campaign for a surge in exports, noting nearly five billion dollars in products sold abroad in the year and substantial gains across the Americas Asia Africa and the Pacific.
Paris November 21 Retailers on the Most of Living Committee led by Prefet Moran protested wholesale price rises. They claim wholesalers seek 300 percent advances while retailers receive about 40.68 percent. Taxes and expenses have climbed. Wine merchants estimate a 20 percent deficit while wholesalers demand higher orders. The committee approved publishing a weekly price list of essentials for public guidance and asked officials to avoid reporting deviations.
The article traces how the dollar sign $ may have originated from Portugal or Roman coins, noting early U S references using U8 or a cross mark, a diary entry from 177% by Mr. Liliom Medieur, and debates over whether the symbol represents a contraction of P S or a stylized spelling of dollars. It links the dollar’s roots to Spanish, Portuguese, German and colonial influences, highlighting crossbars and usage in counting thousands.
Announcement from S L Tuttill, manager of Word agency, states 24 new corporations are formed to take over the business of Dutee Wilcox Flint Inc in multiple Rhode Island and Connecticut cities including Providence Pawtucket New Haven Waterbury Stamford Danbury and Woonsocket. The Flint group includes three corporations to handle Lincoln cars all stock owned by Dutee W Wilcox Flint of Providence. Official notices list Articles of Association filed with Rhode Island Secretary of State between November 13 and November 26 1915.
New York November 21. The bond market resumed its rise to new highs after a mid month money tightening pause. Funds redirected from high dividends to bond purchases as large issues like Standard Oil and Italian loans drew interest. Foreign bonds, including French Belgian German and Japanese issues, showed renewed demand while US offerings delayed by about 55 million dollars this week. Dividend notices followed with Associated National Tobacco declaring 72 percent preferred and 10 percent common quarterly dividends, record date December 20, 1976.
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