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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 22 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Aug 11, 1922

Page

19

Local Interests Seek Control Of Bridgeport Boat Engine Plant

Local capital seeks control of Bridgeport Motor Company Inc and its Kossuth street plant. A tentative purchase proposition was presented to New York stockholders as expansion and refinancing are proposed. Watson Stillman of New York currently controls the firm. creditors may invest if terms suit. Capitalization stands at 150000 with 20+ years in business and a strong foreign trade record. The June July period shows plant activity rising under general Brautham.

Bridgeport Motor Company, Inc Kossuth Street New York Ace Ity Ynes Henry H. Braudlgain Coimpa Watson-Stillman Company Cies Lerger Tewae Claine

Ryan Exits Stutz as Schwab Initiates Talks in New York

Allan Bran and Eugene Thayer declare Ryan out of Stutz Motors for good while Schwab plans new capital moves. Thayer says M.S. Ohwae leads Bethichen Steel with 16,000 shares purchased from Guaranty Trust. Thorsen to maintain Siniz management as discussions for additional working capital begin.

New York Allan AL Bran Starz Lewassecattes Ys Wrtay Guaranty Trust Company Whles Lyam Snamvlacie Tesa

New York Reserve Bank Statement of August 9

The Federal Reserve Bank of New York reports figures at August 3 showing total gold reserves of 1 121 887 744.22 and total reserves of 2 167 424 218.17. Member discounts secured by Government obligations amount to 15 580 25.40, and other items 18 250 009.35. Open market purchases total 339 358 772.04. Gold on hand 60 118 415.4, earnings issues 216 496 456.93. Uncollected items 118 390 072.23. Due to members reserve account 691 513 891.63. Total deposits 708 198 0T7.16. Federal Reserve notes in actual circulation 621 277 986.00. Reserve ratio 7.8 percent.

New York Federal Reserve Bank of New York Billy Billa Federal Reserve

Metal market update from New York

Copper steady with electrolytic spot and nearby at 1é to 1.16. Tin steady at spot 32.25 and futures 32.37. Iron steady with prices unchanged. Lead steady at spot 5.75 to 6.54. Zinc quiet with St Louis spot and nearby delivery 6.27 to 6.24. Antimony at spot 5.26.

New York St. Louis

Money Market Brief From Aug 10

The money market shows firmer call money with high 3, low 4, ruling rate 4. Closing did 5, offered 5 1 2, last loan 3. Cell loans against acceptances 3 1 2.

Postal Receipts Signal Fast Trade Recovery This Year

Postmaster Charles I Greene reports first six months receipts show a $16224.21 rise over 1921, suggesting improving trade conditions as stamp sales reach 221142.96 in half of 1922. Figures reflect wartime impacts, with 1920 levels not yet met, while key manufacturers like Columbia Graphophone and General Electric drive parcel post demand.

Charles I. Greene Columbia Graphophone, Record , Division General Electric) Company

Curb Market News From New York On August 10

Trading was modest with little price movement as leaders like Motor and Reo faced mixed demand. Oil shares showed activity with several refinancings noted, while tobacco and radio stocks remained steady. Goodyear held firm amid gains in Goldth Developments and related issues.

Reo Motors Cleveland Lincoln Motors Trurant Motors Mercer Motor Voting Trust Fhitlp Morris Alan Goodyear Eyan Eyan Consolided Continued To Rise Abou Soutthern Slime Petroleum Synilivite Aml Balt Creek New England Amr Peled Goliteth Urgenc Yenew Bight

Renewed Demand for Rails Shifts Bond Market Trends

New York August 11 bond market opens weak then strengthens on renewed demand for rails with several issues hitting new highs. Penns General 41-28 St Louis Southwestern Terminal 6 and Chesapeake and Ohio convertible 6s rise beyond prior peaks. San Antonio and Arkansas Pass 4% and Peoria and Exstern incomers fall. Japanese and Belgian issues show mixed strength. Goodyear weakens. Liberty bonds start strong then retreat. total par value sales reach 813.401 million. New offerings total about 6.006 million including farm loan bonds in First Carolina Jaim Stock Land Bank and county direct obligations in North Carolina. Five municipal issues finalize the slate.

New York Pennsylvania St Louis Goodyear Watea Carolina Jaim Stock Land Bank Seriiul & Gent Tord County N. C S.n

Government Sues Shipbuilders for Loan Recovery

In Newark New Jersey the United States District Court seeks foreclosure on a loan of 1,937,005 made in April 1920 to Standard Shipbuilding Company and Shooters Island Shipyard to complete ships at Shooters Island near Staten Island. The government alleges default on 1921 and 1922 payments. co-defendants include United States Shipping Board and Emergency Fleet Corp, with three individuals named as receivers for the yards.

Newark Standard Shipbuilding Company Shooters Island Shipyard Company Shooters Island Staten‘Island Joan United States Shipping Board Emergency Fleet Corporations Albert Conwar W. A. Young New York Alfred A. Stein Elizabeth Shoutéery Island

Official Postal Guide Issued and Available for Mailers

The annual Postal Guide is now at the Post Office under Postmaster Charles Pr. Greene and ready for merchants manufacturers mail order houses and individuals. It details post offices with rate tables and zone keys for parcel post, includes seven monthly supplements mailed from Washington, and is priced at seventy five cents with twenty five cents extra for supplements.

Charles Pr. Greene Parcet Washington

Foreign exchange markets show limited activity in New York

Foreign exchange firmness was confined largely to forward deals as cables limited commercial business. Local bankers reported EU rate trends with sterling higher by about 0.4 percent while German marks slipped. Parity and demand figures appeared mixed, with quotes showing volatility across centers and currencies in a tight market.

New York Paris Vienna Stockholm Christiania Berlin

Realty Records Warcaity Deeds and Mortgages

Realty records list quit claim deeds and mortgage deeds involving multiple parties. Transfers include Rhaymond FE to Matilda To yaist on Midhkind street and ide agenus, various fee simple transfers on Alexander and Wallace streets, and mortgage securities with Bridgeport Savings and other banks. Notable amounts cited include $8,000 on Here Kilmer street and $34,000 on Horace street, with several 50 foot lot transfers to lenders or buyers.

Warcaity Rhaymond FE Crrisan Matilda Yaist Verity Midhkind Ide Agenus Dwin Langdon Carl Wane Feei Alexander Street Gux Mevers Antonin Slavens Feek Wallace Street Fannie Josephine Bridgeport Savings Chart Pembroke and Ann Atrears William E. Purdy Grace O Barnets Realty Gentral Avenue James Bray Home Butlins, and Loan Association Kilmer Street Joseph Sokolovesky Gilly Savings Bank Nulson

Railroad Stocks Strong Despite Strike Situation

New York stock market tempered by strike tension shows railroad shares at yearly highs while offerings absorb early unease. Strong performers include Northern Pacific Great Northern Chicago and Northwestern St Louis Southwestern Pere Marquette with several hitting fresh 1924 records as investors price in crop boosts and falling production fears.

New York Wall Street Northern Pacific Great Northern Preferred Chicago Northwestern St Louis Southwestern Pere Marquette International Hesvester Dears Rogbuck Steel Corporation

Winter Wheat Crop Worth 535 Million to Farmers

National estimates show the winter wheat crop valued at about 535 million dollars to farmers based on current prices, with state averages ranging from 90 to 116 cents per bushel. Production is forecast at roughly 4.2 bushels per acre, well below the ten year average, as the spring crop adds to total all-wheat output.

Ralph FB Crop Estimate Board Department of Agriculture Priers Asiis Agricultural Department Kentucky Tennessee New York Sadeot Loungovania Maryland Virginia Oto Montana Washington Oregon California Kansas Burdau Vinward United States Agriculture Department

Grain Market Sees Wheat Rally Amid Rail Strife Unease

Chicago August report shows wheat firm near session highs as rail strike worries fade slightly. September at 1.05 to 1.06, December 961-8 to 1.06. Corn up 1-4 to 1-1/4, oats off 1-4, provisions steady to 27 cents lower. Traders note rain forecasts lifting corn hopes. cash demand steady, limit sales trimmed.

Chicago Miegivinks Polisville

iSHORE LINE RAILWAY Shows Deficit for Half Year

Norwich report reveals Shore Line Electric Railway records a deficit of 5746 for the six months ending in June. Receiver WW Perkins testified in court as June operations showed a decline despite receipts from all sources. The document outlines reduced income and ongoing financial strain during mid year.

Norwich Aca Lu— i Scremaes Electic Railway Ootny Apel

New York dairy market mixed with higher cheese prices reported

Market reports show firmer creamery butter prices and waning demand, with prices rising to 34 in one state and 84 higher for certain premium grades. Cheese markets irregular amid wholesale milk specials, with lower grades and mixed white milk pricing continuing to affect nearby markets and futures.

New York Gua Mirke Yrowy

Hawaiians Refuse to Recognize Records in Honolulu Dispute

In Los Angeles reporters recount a clash over Hawaiian track records. Charles Maddock and officials dispute a reprint set by the Hawaiian record committee. Maddock asserts attempts to sanction races were improper and unrecognized by the AAU, while pawing affidavits show race times.

Os Angeles Charles sFuddock A. A Maddock

Moran Sells Metevier to Cleveland Club

New York August 10. Jersey City Club owner Jos Moran announces the sale of right hand pitcher Metevier to the Cleveland Base Ball Club of the American League. Metevier will report to Indiana in the close of the International League season. He won fourteen of his twenty one games this season and is described as a well set up six foot pitcher of 20. The purchase price is not stated but is believed at least 310000 in cash with Cleveland rookies involved in the deal.

New York Jossi Moran Jersey City George Dowry Metestey Cleveland Indiana Metevier Anida Jamaa Afd Ao New Eidland David 7. Tilee

Attempted bear raid on Columbia Graphophone lifts stocks

Market activity shows gains for both common and preferred Columbia Graphophone shares. The day saw Tin sam mon and Columbia Graphophone preferred finishing higher, with odd minor moves and no clear reason for prior weakness. A separate note mentions GREPAST and an unrelated event in Kingscourt, Cavan, with 2400 wounds reported.

Columbia

Great Money Lender With A Heart Ad Claim

An advertisement-style notice promises honest lending with steady employment proof and sums up to 200 dollars repaid in six to fifteen monthly installments. It highlights confidential fees, no charges unless time used, and courteous service with limited hours and contact details for Trarvium.

New U S Steel Orders Rise in July Report

The United States Steel Corporation announced today that unfilled orders totaled 5,786,101 tons for the month ending July 41, up 141,080 tons from June.

Anew Vort Asnoatdt Vonne “Ee United States Steel Jp Ders

Also Mentioned on This Page

LOGAL Bridgeport Motor Company Ryan Schwab NEW York Reserve Bank Metal Market Ture Motor Aloe Greene Lad Postal Guide U.S Crucible Republic Senate Mex Pete Perralcolm Studebaker and Chandler Elge Favorires American Braise Shoe American Radiator International Paper Virginia ‘Tren Coal and Coke Barnadall A. Dusant Saxon Motors Willys Overland Acti Ries JWAL G&d Toy Os Can DH Gscu Am Viz Sud Am Ck Fewm Li Wes di Odin Puck Ohr An Berke Gen Asphadibe Ren Hudson Lee Lehigh Pac Prac Noyth Guy Ohio Baxton Sears Wren Shire Adebo Ley Willys Dee Cqovriget Ey Science Service Wasivaigton, RC Ishore Line Railway Grepast Arred Mey Kingscourt Cavan Tacny Beneficial Loan Society Seennd Tor Tiberty Building Main St Banking Spe Adreyorn Chamber of Commitree STEED Quick Legecates Equitable Industrial ‘Lost Society Fairfield Ave E. B. Merritt & CO Main St. Barnum Iron and Steel J. A. Merson, Inc Perging ST Bridgeport Cong Bavewin Ila Bledel Am Tay Stata St Hincks Bros.&co New York Stock Exchange Connecticut Securities Bridgeport, Conn Waterbury Conn Waterbury Nat'l Banke Brie Greenwich, Conn Greenwieli Ave First National Bank the National Me Co
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