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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Aug 31, 1922
Page
15
A week of filings shows nine firms in bankruptcy, down from 14 the prior week. Total liabilities reach 34,263 with assets around 8,595, implying liquidation at about 23 cents on the dollar, versus 57 cents a week earlier.
Lesse deals with Isador WW Beenek and Abraham Schneel leasing the Peer-Yess building to Bridgeport Body company for one year at 19350 yearly, for automobile and carriage body manufacture. Union Hardware Company of Torrington boosts capital from 90000 to 2100000 with 1000 new preferred shares. New England Tube and Stamping amends stock list with 500 preferred and 150 common shares. additional holdings for J. MM. Harding and others. White Line Bus Corp troop elects Duke McPhail as president and lists several officers and board members. Mortis Plan Co lowers loan service charge to 2 percent, with total loan cost at 12 percent, keeping six percent interest unchanged.
Winchester Repeating Arms of New Haven reports sales for the year ending December 31 at 11 825 150 with a net profit of 483 104. The annual total matches estimated 14 000 000 and 1920s 17 505 2. The report shows five year totals with sales and profits, noting war period military sales and earnings. Key figures include 1917 military sales 19 565 454 and 1915 47 149 604.
New York markets report firmer butter prices with creamery extras around 27 percent and firsts near 32 percent. Cheese shows steady demand with whole milk flats and fancy young Americas notes, while nearby white fence and other grades trend firmer amid overall price improvement.
Peter Maporsky of 113 John street and Peter Komorow sky of 7 Columbia Court face arraignment in City Court this morning for violating liquor laws. A raid on their homes by Captain John O Connell Sergeant Thomas P Kearney and Patrolman John J Joynt found a gallon still, two five gallon kegs and three quarts of liquor at Maporsky s home and a ten gallon still with one and a half gallons of liquor at Komorow sky s residence.
Samuel Mild, 104 Lewis Street, fell from a ladder yesterday while painting a house at Read Street and Stratford Avenue, sustaining a several injury. Treated by Dr F J OBrien in the emergency ambulance, he was taken to Bridgeport hospital. Thomas Shottell, eight, of 614 Lafayette Street, sustained a painful laceration over the left eye after being struck by a ball while watching a game at Seaside Park yesterday afternoon. Three stitches were taken by Dr Susstin who was called in the emergency ambulance.
Financial market notes show Chicago and Alton bonds plunging sharply with 3s down about 5 2 2 points and Liberty issues slipping. Reports cite possible reorganizations and holdings by Union Pacific and a New York banking house, while American convertibles and other issues post modest gains amid renewed demand.
The New York curb market today saw professional operators and floor traders resume selling on many issues with little overall progress toward lower prices. Some gains appeared in miscellaneous stocks like Prima Radio and Tac Turers Tool. Coal shares gained, and New York Telephone preferred held near its recent high. Continental led a strong upturn in overall market, while Philip Morris weakened sharply and Goldwyn Pictures showed easier tendency.
Berlin report states the German government weighs banning strong beer due to grain crop controls. Minister Fehr told the economic committees of the Reichstag that unfavorable weather necessitates strict grain economy and potential flow restrictions.
Market briefing lists metals with spot and futures quotes for iron lead zinc antimony and other alloys. Prices shown as steady with small changes and near term delivery notes indicating minor shifts and unsettled futures.
About 1,200 workers at United Surten Cast Iron Pipe and Foundry Co walked out after rejecting a wage advance offer. The plant had been operating at capacity. two workers were reported killed in Chicago last night as a separate incident involving a special policeman and a man named James Wallace.
New Haven July income shows big gain as stock prices rise on heavy outside buying. Steel shares retreat on anticipated mergers while industrials and utilities post new peaks. New Haven traffic, earnings cited with record May and July totals, amid market volatility and short-covering rally.
Real estate deeds list warranty and quit claim transfers among numerous parties including Nicharles Todfeld to Ben 3 Miahnewics on Bracks and Arctic streets and Mary Discepolo to Gorge Fall with 60 and 85 foot parcels on Beach and wider streets. Mortgage deeds include Mary Discepola to Gorge Fall for 1 959 and other transfers in Schnee and Solinna, Incorporated holdings on Brooks Arctic streets and Noreman sites.
The War Finance Corporation reports roughly 347 million dollars remaining with U S farmers to finance 1922 harvests. Advances through farmer cooperatives and banks supported cotton grain sugar tobacco and livestock sectors, boosting prices from nine months ago and aiding general agricultural credit. Cotton received about 22 million, with grain sugar tobacco and livestock receiving 59 86 16 40 and 88 million respectively for total credit access.
Wheat prices fell 3 to 4 cents with September around 1.01 and December near 1.01 7-8 as bullish sentiment waned. Corn rose slightly, oats stable, and provisions mixed, while Canadian and local reports added to cautious trading. Wheat receipts reached 390 cars, with world stocks up about 1.23 million bushels to 97.197 million.
Ings were anyaller of How corn but far of old corn and complaints for car shortage were new. Oals followed the trend al other grains. Provisions were irregular.
In New York on Ave 30 foreign exchange opened unsettled amid forelen term unsettlements. German marks fluctuated then steadied while sterling and Canadian rates showed mixed moves. Notable quotes included Paris francs Antwerp marks and Berlin marks with varied readings across several currencies.
Torrington Co. of Connecticut stockholders vote to retire its 40000 shares of 7 percent cumulative preferred stock after the past fiscal year's balance sheet shows excess cash. No readjustment planned, retirement aims to reduce capital liability. War profits enabled steady preferred dividends. 100 percent common stock dividend leaves 290000 common shares outstanding at 25 dollars par. No definite common dividend rate announced.
Money on TORK shows firmer August call money with near 4.44 percent level, late trading around 7 percent for last loan. Call money against acceptances quoted at 8.44 percent with bid at 4 percent and offer at 4 percent.
Moscow officials floated a tentative concession to operate the large Baku oil field on a contracting basis. Henry Mason Day of International Barnsdall Corp told the Associated Press that the plan would have the American firm equip and operate the find without ownership.
Bridgeport banks and a loan broker in Park City issued total real estate loans of 65 400 in the past week, up from 60 725. Financial organizations accounted for 44.2 percent of total lending of 155 25, with 22 700 going to extend maturing loans. A table lists loans by bank and broker, including City Savings Bank and Lomas & Nettleton among others.
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