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Newspaper
Bridgeport Evening Farmer
Location
Bridgeport, Connecticut, United States of America
Date
May 29, 1916
Page
2
World of Finance notes mixed signals as prices and wages add cost pressure while new munition orders fall and construction tightens. Rail and shipping sectors show pockets of strength but overall profits lag as foreign holdings and peace prospects create cross currents for the market.
NYSE quotations list various securities with listed prices and changes for many companies including Col. Fuel and Iron, Corn Products, Crucible Steel, Northern Ore, Met. Pfd, Union Electric, Wabash, Norfolk and Western, and others. The table shows bid and ask figures, as well as percent changes, across diverse industries such as steel, copper, oil, and utilities.
A pasted collection shows ancient war accounts from Egypt to Troy and early battle setups, followed by brief humor items. It includes references to Osymandyas and Cain and Abel, plus a Pittsburgh Press note on early warfare. It then shifts to short quips from the London Express and Farm and Home about social wits, a post driving tip, a penitentiary remark, and a Lehigh quip about waking for class.
Chicago May 29 The great railroads in the Chicago district will expend about 66 million dollars on new freight and passenger terminals now under construction. The freight terminal near two dozen tracks and a street level freight house with electric elevators will cover 12 city blocks and is to be completed in six months, with three years for the passenger terminal. The plan aims to ease street congestion and speed freight handling, with tracks below street level and a large storage warehouse above. About 1,000 workers have ten months into the project, with 25 percent of steel work remaining and total labor costs around 1.5 million.
Paris May 29 Records of the National Defense Bonds show the public brings in an average of 50 million francs cash daily to the treasury for short term 5 percent bonds. This amounts to over 18 billion francs per year, three billion more than the 1870 war cost. Authorities say French confidence remains unshaken as expenditures rise. They view credit, not money, as the sustaining force behind the war effort, with funds circulating to new creditors.
The article compares postwar public debt of major nations, noting France rose from about 2 billion to 52 billion francs and now owes 1259 francs per head. Germany, Britain, Austria, Russia, and Italy show varied increases. It estimates France could cut at least 1.5 billion francs from budgets to cover interest on 30 billion francs new debt at 5 percent.
A collage of short notes and anecdotes. A beetle with a spring in its back jumps and flips, named for its locomotive mechanism. A London burglar story shows wily cunning, and horse history traces the Shire breed to English legends and Henry VIII statutes.
The Paving and Sewer Commission will accept proposals until Friday June 2 1916 at 7:30 p m for sewer construction on Gordon Street Herkimer Street Denver Avenue Wade Terrace East Eaton Street Hawley Avenue Linen Avenue Capitol Avenue Laurel Avenue and for wells or chutes on Linwood Avenue in front of the school one on the northwest corner of Worth and Coleman Streets and one on Bell Street opposite No 34 A five percent certified check of bid cost is required and the commission may reject all proposals Bernard Keating Secretary City Hall Room 22
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