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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Oct 20, 1924
Page
15
Amid a week of bond market activity, foreign financing appears stronger as demand for German loans grows. The page lists addresses and misc. notices including a garage storage offering and a business information room, with various classified items and court notices scattered in the section.
Treasury data show tax exempt securities rising by about a billion in the last thirty days bringing outstandings near fifteen billion dollars. Officials said ongoing reform battles loom as revenue from high incomes and inheritance taxes wanes, prompting renewed calls to curb tax free investments. Warnings cited reduced tax intake while Congress debates medidas to tighten the field.
NAW YORK Oct 19 Associated Press reports foreign financing and European revival spark interest in markets. Views vary on impact for American industry with raw materials firms seen as likely to gain while manufacturing may face more competition. Steel output holds near 60 percent capacity as prices adjust and rail car loadings dip slightly. Cotton consumption rises in September with 495000 bales used, exports reach 737000 bales, and crop prospects improve with favorable weather. Wheat exports remain strong amid fluctuating prices.
Irving Fisher presents weekly index data on wholesale prices across 200 cities and the purchasing power relative to 1913. The May 1920 peak shows prices 147 percent above prewar levels and money worth 40.3 cents. indices rely on Dun’s, War Industries Board weights, and Fisher’s new index methods.
The long distressed leather sector shows signs of life as wartime demand, shifts in fashion, and rising shoe activity bolster production costs, stock reductions, and tighter hides. Industry observers cite easing prices and fresher optimism while cautioning a slow rebound.
A publisher hesitated over a gifted songwriter’s three pieces then met the writer at her home and chose a harsh option. He preferred marrying the author to publishing, but years later she sought print publication. One composition later became popular despite weak records and little sales.
Coffee prices climb to near World War I peaks amid tight supply and rising demand. Analysts cite supply shortages, strong U S consumption, and shifting European patterns as key drivers. Prices vary by grade and origin with notable gains since January and a volatile march.
Norwalk dealers spark a price war as signs showing 18 and 15 cents per gallon appear. Rival brands press to restore 16 to 17 cent pricing while distributors warn selling at cost risks bankruptcy. New York Standard Oil inquiries into local actions precede expected further developments.
The Connecticut Laundrymen's Association held its fall meeting at Stratfield Saturday with 126 owners of washing establishments present. Technical discussions of laundry processes filled the afternoon. A special committee decided there was insufficient public interest to admit the press.
On Morida's southwest coast near the Thousand Islands, Great Clam Bed is described as the largest churched up bar in the United States. It spans 150 square miles, with Re Vere Woodyan cited as a fisherman. Demand for the pivalyes is described as minimal, pushing fishers to seek better earnings from other species in nearby waters.
New York October reports show a fivefold over subscription of the German loan and substantial premium trading as the issue drew heavy demand from American investors. Investment houses bid aggressively while France and Belgium potential offerings loom, with Morgan involved in talks on future European financing.
In Storrs Conn during October the Reds from Fernside Farm Attleboro Massachusetts lead Leghorns from North Branch Minnesota by about three eggs with two weeks left in the Storrs Laying Contest. Pen totals top 2 000 eggs in several breeds as the year totals near 167 000 eggs.
Bridgeport four savings banks report a strong start to their new fiscal year with a combined $5,002,101 increase in deposits, about 10 percent, lifting totals to $52,233,012. Bridgeport Savings leads in deposits, City Savings close behind, while Meek & Tar and People's show notable gains, indicating a generally quiet business period.
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