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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 21 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Oct 03, 1924

Page

21

Londoners Buy American Tin Lead Is Strong

London buyers entered the American tin market and lead remained firm as New York prices diverged from St. Louis. Tin stayed around 47 to 48 1 2 cents with a silver peak near 70 1 2 cents, the highest since 1822. Copper saw cautious activity with prices around 13 cents, and foreign orders stayed solid, especially from the continent. Lead showed strength, with New York at 8 cents and St Louis near 7 80 cents, while Chicago held about five points above St Louis.

New York London Engineering and Mining Journal St. Louis St Louis Chicago Prime Western East St Louis

Penn Railroad to Issue $50 Million in 40-Year Bonds

New York October 2 The Pennsylvania Railroad announces flotation of a 50,000,000 bond issue to retire part of six percent bonds held by the director general of railroads. The new bonds carry a five percent coupon and mature in 49 years, priced at 812 to yield 5.10 percent, a major railroad financing operation of the year.

Penn Railroad New York Pennsyvania Railroad Company

Curb Market Mixed as Oil Depression Concerns Hold Steady

Vacuum stocks led gains on New York curb market with a rise above 78, while oil sector weakness weighed. Eureka Pipe Line steadied after Wednesday’s pressure. Red Bank and Salt Creek climbed modestly amid irregular oil shares. Lehigh Valley Coal surged past a long trading gap, Hudson Preferred strengthened on anticipated listing, Interocean Radio remained in demand, Ward Baking showed strength, and United Baleres advanced.

New York Eureka Red Bank Salt Creek Lehigh Valley Dubilier Gillette Hudson Preferred Be'ng New York Stock Exchange Hudson & Manhattan Common Interoean Radio Ward Baking United Baleres

Rail heads deny forcing minority to accept terms

In New York on October 2 reports said Van Sweringen interests would force minority stockholders of Erie Pete Mare quette Nickle Plate Chesapeake and Ohio and Hocking Valley railroads to accept merger terms. Representatives branded rumors of coercive plans as groundless and unfounded while noting many stockholders had deposited shares without questioning terms.

New York van Sweringen Erie Pete Marequette Nickle Plate Chesapeake & Ohio Hocking Valley York van Sweringana United States Europe

Wheat tops $1.50 bushel as foreign demand drives rally

Chicago grain pits surge on urgent overseas appetite for breadstuffs. Wheat May delivery rises to 1 51 1 2, other grains climb with rye barley and corn also advancing. U.S. and Canada ship up to 4 million bushels of wheat for Europe, rye stock feared scarce, barley nears $1.60, oats and hogs push provisions higher despite steady corn.

Chicago Europe United States Canada Cais

Consider Future Philippines U S Trade Relations

Manila dispatch reports Manuel Roxas urging formation of a joint board with tobacco cocoanut and oil interests to study how the Philippines may prepare for a possible disruption of trade with the United States after independence. He cautioned that independence need not end free trade if reciprocity and free trade agreements are pursued.

Manila P. I Associated Press Manuel Roxan Philippine Leetsia Ture Philippine Sugar Association Philippines United States

Manufacturer slain in Kenogami landslide tragedy

Quebec Oct 2 Sir William Price president of Price Brothers Company paper makers was killed today by a landslide at the company operation site in Kenogami Two engineers with him were pulled from the debris and saved officials reported.

Quebec Sir Wiliam Price Price Brothers Company Eni Kenogami Will'em

Bears and Utility Stocks Turn Market Movements In New York

Heavy selling of local public utility issues curbed the upward stock trend in New York trading. Several issues hit new-year peaks, including United States Distributing and Montgomery Ward, while grain and cotton gains diverted sentiment toward commodities. Miscellaneous rails and utilities fluctuated, with Missouri Pacific and Gulf Mobile & Northern improving, and Nash Motors dropping.

New York Ist Pr Ces United States Common A and B Montgomery Ward Railway Steel Spring St. Joseph Lead Foundation Company Hadio Corporation Simmons Red Goodyear Tire Spicer Frisca Missouri Pacific Gulf, Mobile and Northern

Silver’s rise and impact on mining profits in 1924

The text reviews silver’s shifting value from a declining role to a renewed money standard in the Far East and Europe, noting China’s use and India’s adornment demand. It cites a seven cent price rise in 1924 and estimates profit gains for major producers like Anaconda Copper, American Smelting, and U S Refining from last year’s 1.427 billion ounces processed.

Far East China Europe India Anaconda_ Copper

Senator Dial Fights Cotton Futures Proposal at Board of Trade

Senator Dial of South Carolina announced opposition to the Chicago Board of Trade plan to deal a cotton futures for delivery at Galveston or Houston, arguing it would demoralize the market. Trading was set to begin October 10. He filed a protest with the Agriculture Department under the Cotton Futures Act and urged law amendments if delivery is deemed lawful.

Wasilington Dial Democratic South Carolina Chicago Board of Trade Gialvaste Houston Department of Agriculture

Weather and crop notes from the Carolinas and cotton region

Telegraph summary reports cold weather and drought in the South from North Carolina to Arkansas affecting cotton. Prospects for a top crop are poor as two weeks of drought caused shedding, with weevils and rains damaging bolls and delaying sprouting. Prices quoted by Hirsch Litenthal and company include December 24.80 and 24.75, with other figures for January and March.

New York South Frest i Carolina Alabama Mississippi Arkara Hirsch, Litenthal and Company Main Street Roar

Two Year Manila Strike Settled Resumption Planned

Dublin reports a two year shipbuilding strike ending. Workers will return to work Monday as the settlement takes effect and production restarts.

Manila Dublin

Weekly Statement of Federal Reserve Bank of New York Oct 1

The weekly statement shows the New York Fed’s condition at close of business October 1 with total reserves at 907.9 million and total deposits at 564.1 million. Earning assets amount to 316.1 million while total reserves and notes in circulation contribute to a 76.19 percent ratio.

New York Federal Reserve Bank of New York Ehowa Federal Reserve

Commodity Prices New York Cash Prices for Staple Goods

New York listings show current cash prices for staple commodities with a comparison to quotations from one year ago. The report notes changes in cost across key items such as grains, meats, and dairy products.

New York

Money market status in New York with mixed collateral notes

Money conditions in New York show steady rates with high bids at 2 1 2 and offers around 2 9 4. Last loan rates hover near 2 1 3 with a 60-90 day range and 4-6 month prima commercial paper noted at 2 1 4 to 2 8 4.

New York Tims Prima

Frisco Railway Bond Market Dominates Trading Day

New York October 2 heavy buying of Frisco railway issues led the bond market with strong demand for Frisco Income and Adjustments after a record high in preferred shares. Prices were narrow with a firm undertone as directors reportedly consider a first dividend on common stock. Other Western rail liens rose briefly on merger news, while Brooklyn utility issues faced selling pressure ahead of new bond flotations. Kuhn, Loeb disclosed a Penn Railroad sale of 850 million forty year bonds through a public offering at about 98 1 2 yielding roughly 5 10 percent.

New York Ividenda D’rectora Wabash and Peoria & Eastern Brooklyn Horizon Company Brooklyn Edison Brooklyn Union Gass Brooklyn Edison Fssue Kuhn, Loeb and Company Pennsylvania Railroad Company Publi

Local produce market shows weak demand for late summer vegetables

Market notes indicate slackened demand for late summer vegetables despite steady supply. Apples and peaches rise in prominence with McIntosh prices around 6 to 6 1/2 dollars per barrel above earlier averages. Prices for pears and grapes remain varied, while vegetables such as peppers beans carrots and lettuce see mixed buying strength.

State Board of Agriculture New York Elder New York Maine Hennery

Man Sues Crane Company for Ten Thousand

John Toorke files suit against Crane Company seeking 10000 dollars claiming permanent injuries suffered in 1919 during employment at the defendant firm. He fled ouit yesterday to file the action.

John Toorke

Liberty bonds rates and bids listed by the U N Y report

Liberty 3 1-28 at 100.28 with bids on First 49 at 102.8 and Second 48 at 101.12. First 4 1-48 at 102 15, Second 4 1-48 at 101.17, Third 4 E-46 at 102.2, Fourth 4 1-48 at 102.17. Treasury 4 1-48 at 106.1.

Alaska Bosch BO & Fr Fasco Ches & On Chi Grow Ate Sa Dl&w Dupont Fleighmann Freeport Haven Houston Piper Mariana K & T Pt Ag Mont Ward Ae Norf & West Amer Nor Pacific E Gila Bly Bisiae Phila Co Phil Mor Phillips Pet Pierca Roy D Savage Arms Boo Spleer St Gas & HB Studebaker Steelie New York Liberty Treasury

Foreign exchange rates and treasury balance reported

New York foreign exchange rates shown for Great Britain France Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Jugoslavia Austria Roumania Argentina Brazil Tokio Montreal with varied demands and cables. Treasury Balance report lists 413 583.85 dollars.

New York Foreign Exchange Eaay Quotaponscenta Great Britain France Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Scedio-Sloviakia Jugoslavia Austria Argentinas Brazil Tokio Montreal

Miners Protest Eviction Sent To President

Miners in the North Virginia field protest alleged wage cuts and home evictions by Bethlehem Steel Corp. in a telegram to President. The message, signed by international representative Van Bittner, claims armed guards were imported and machine guns stationed to terrorize families. The union vows resistance and appeals for government action to enforce the law in West Virginia and beyond.

T Fairmont W. Va North Virginia Bethlehlem Steel Corporation D Kota Barracksville Vanv Bittner Baltimore Meseaxe Contin Wan Tai United States Bethlehem Stee West Virginia Samuel Untermeyer New York

Also Mentioned on This Page

Frisco Fidelity Loan Corp Middle St Cordoba Ming Heating Plumbing W. J. Wade Hawley Ave van Sweringers Hirsch, Lilienthal and Company U. S Soo Gale American Brooklyn Edition Company United Distributing Common Preferred Nash Motors Atx General Electric American Water Works Bu Pont Associated Dry Goods General Baking Cal Aporocl Adnenies BOO Board OF Trade Federal Reserve Bank Mesa Frisco Railway Pricas Sues Crane Company U. & Treasury Washington Presiden Louisville Courier-Journal Chalmers Avenue Chalmers Avenues Wood Park H.L. Blackman & Son Fairfield Avenue Bridgeport, Conn Bamum State Bank Commissioner Mutual Finance Investment Co Main Strees City Savings Bata Bldg United Loan Corp Sagar Bidg Fairfield Ave Cor Barnum Bridgeport Hydraulic Co Frank C. Brotherton Alway Row Beneficial Loan Society Main &T G. C. Berker & Co Investment Securities Johnson Building Main St Bridgeport Cons New Haven Allis Chalmers U. S. Rubber Studebaker American W. F. Hammond, Jr Mgr Bonds Bank Stocks Connecticut Securities Investment Service Instituctiona E. B. Merritt & Co Bridgsport, Cons
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