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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Oct 20, 1920
Page
19
Foreign governments seek funds in the U S market as Brazil negotiates a loan to finance the coffee crop following a severe market downturn. Sugar shares strengthen amid rising raw sugar prices while copper and other commodities linger in uncertain territory. Sears Roebuck stock advances despite a companywide business decline.
In New York on October 19 the raw sugar market saw 7000 bags traded for October shipment at about 2 cents center. Cuban sales near 800 cost and freight. Refined sugar rose about 6 cents per pound on active demand, with fine granulated at 12 cents. Futures declined on liquidation as raw and refined prices moved little. Coffee trading followed steadier Brazilian demand with December near 62.80, gains of 17 to 27 points on several months, and spot coffee at 7 cents for Rio.
Wise sheetings drop to 9 cents a yard for 1054 bleached woods while pillow cases and sheets fall. Yarns cut to 9 12 cents for knitting, burlaps steady, silk steady, wool goods quiet as trade quickens slightly.
Bearish conditions and the English coal strike pushed grain prices down today. Wheat closed nervous at 6 1-2 cents lower, corn off 2 3-8 to 5 1-2, and oats slipping 11-4 to 15-8. Provisions varied with small gains and losses across dealings.
Directors petition for dissolution of King Motor Company of Detroit and appointment of a temporary receiver to run the affairs. The filing cites inability of officers to devote attention and lack of working capital. Assets listed at 1,835,772 with liabilities of 1,097,070. Detroit Trust Company named as temporary receiver option.
New York Oct 12 A moratorium declared to Cuba appears to lift uncertainty in the Cuban sugar market. Confidence is reviving, demand improving, and New York banks show willingness to finance Cuba. Raw sugar gains and a refined sugar price rise follow, with one refiner posting an advance.
In New York trade, cotton futures edged higher with December contracts up to 896 pounds and October positions advancing about 115 points. Prices steadied after early gains as hedge selling and rain relief hopes in the Southwest. Port receipts totaled 65,468, with exports reaching 260 and season-to-date shipments at 720,466.
Real estate transfers and related actions show multiple quit claim and mortgage deeds between named individuals and companies. Transfers include parcels on Madison Terrace, Adams Street, North Main Street, State Street, and others, with values and involved parties listed, plus attachment notices and foreclosure-related items.
Baldwin Locomotive president Samuel Wavelain outlines after-visit impressions on Central Europe’s demand for U S railway goods. He cites a need for locomotives, cars, and other railway materials to support postwar transportation, with deals arranged via a bargain method and payments in kind.
Ris prices and receipts mixed as creamery items show higher extras while packing stock holds steady. Western hens show browns and whites steady, potatoes in Long Island and Jersey ranges noted with regional variations and market steadiness.
A compressed market note from October 1921 records fluctuating average prices across the week. It notes yesterday’s average, the week’s average, and year-to-date figures with figures such as 1065-8, reflecting commodity or asset pricing on a historical trading page.
A report notes drafts totaling over 4,468 banks nationwide with value exceeding 3 million dollars were sold or pledged. The funds are earmarked for the European children's fund, reflecting substantial private transfers to humanitarian aid.
The United Illuminating Company informs customers that freight and wage increases raise generation costs. After December 1, 1920, existing rates will be canceled and lighting charges will be 1.2 cents per kilowatt hour with a $12.00 annual per meter service charge.
Monthly 272 page booklet issued for investors. Free copies provided by investment bankers or brokers on request or via 0cture rent copy sent by Firanalad Press, 116 Broad St New York City.
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