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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Feb 03, 1923
Page
18
A dense 1923 classifieds page shows loan offers from multiple firms offering second and third mortgages and unsecured loans up to $300 with rapid approval, plus mortgage brokerage and notices for property rental and sale. The document also lists public notices for a city board of apportionment and taxation, and a personal disclaimer by Join J. Warthy, dated February 1, 1923.
Died Berger in this city February 2 1923 Jules L Berger. Funeral from 481 Catherine street Monday Feb 5 at 8 30 A M and St Anthony's church at 9. Burial Park cemetery.
The Taxpayers of Stratford are notified that taxes and the Grand List of 1842 are due in two halves. One half on March 25 and the other on August 1, 1923. The collector will be at the Town Hall March 11, 1923 from 9 a.m. to 4 p.m. to receive payments. After April 25, 1923 interest at three quarters of one percent will be added to unpaid first-half taxes and the same applies to the second half thereafter.
In New York on February 2, foreign bonds led gains amid firmer exchange rates and hopeful abroad news. French 7 1 28 and 90 1 2 and 98 1 4 closed higher from recent lows, with other issues such as Bordeaux, Marseille, Lyons, Heine 7s, Belgian 7 1 28, Paris-Lyons-Mediterranean 6, and Czecho-Slovakian 8s also rising. Rail mortgage issues likewise advanced, while Northern Pacific and Atchison debts slipped. Sugar firms, notably Punta Alegre and Eastern Cuba, posted gains, with Liberty 1 2s down slightly and U.S. government securities up 4 to 14 cents. Total sales reached 11, would be 11, BTR, 000.
A brisk buying move led by Standard issues sparked gains in Pennsylvania crude and midcontinent oils on February 2. Goldfield Development hit new highs, Independence Lead advanced, and other mining and oil stocks including Southern Pipe Line and Gulf Oil rose, with some declines after a quarterly dividend news.
Washington February 2 The House approved a measure to close gaps in the tax law without a roll call sending it to the Senate. The bill limits deduction of losses from capital asset sales to 12.5 percent of the loss from total taxable income, while gains remain taxed at 12.5 percent of the gain.
Metal market round up from New York on February 2 shows mixed metals activity with little change. Prices: Copper steady near 40.00 spot and nearby. futures at 29.78. Tin, lead, zinc and antimony all listed with small or no moves, with zinc around 7.05 to 7.10 in delivery from East St. Louis.
Norwalk reports a sled crash on Harbor avenue injuring Lawrence Minaj ten and Joseph Amato seven. They were taken to Norwalk hospital after the collision with an automobile driven by James Jra gan.
The article recounts charges of government extravagance under President Adams, including a disputed 1800s spending case tied to supporters of Adams and Jackson. It notes Jackson’s 1828 victory with 178 electoral votes to Adams's 83, and recalls the Battle of New Orleans as a source of lasting fame for Jackson and a rallying point for his backers.
In New York on Feb 2 gains spread across steel, oil, and equipment stocks as investors bid up prices amid hints of thrift recovery and higher prices for steel and other products. Major advances lifted US Steel and Bethlehem Steel while railroads and oils saw solid moves. spot gains were tempered by select weak issues and a steady call money market.
The company reports year end 1923 net income available for dividends of 6 198.16 and 9 31 a share on 66 476 200 stock, vs 4 0 a share on 66 472 700 shares. Operating revenues for 1922 were 414 aRTaut, with net after taxes 7 606 007. Charges against reserves for sleet storms total 9 000 000. Crude oils prices rose to 0. The report notes construction activity and stockholder details.
Agricultural sections show improved buying power with Montgomery Ward & Co sales totaling 477,239 dollars in January versus 4,394,1,756 in the same month last year. The past months show sales within 406,000 of the highest month in the company’s history.
Foreign exchanges were strong with Boemund sharing around 4.67 and the French franc advancing 42 points to 1.06. Belgian francs rose 36 points while German marks hovered near 102.75 cents. The Danish crown dropped to its lowest level of the year amid banking concerns.
Fragmentary OCR notes show scattered money market terms and bid rates with references to loans, deposits, and calls. The text lacks coherent structure, readable names, places, or dates to establish a concrete event or outcome for a concise summary.
Commerce Department reports US business conditions improved in late 1922, with coal output averaging 11,000,000 tons weekly in January, lumber production rising after year end slump, and building contracts increasing. Wool receipts for the week ending January 12 were the largest since last summer, while retail food prices rose notably in the month.
Wheat futures firm on Lemont bill passage hopes and winter belt frost fears. May, July futures advance as crop damage worries persist. Corn climbs on Argentina drought losses and export buying. Germany grain purchases and lower hogs dampen spirits.
A series of quit claim deeds list transfers involving Samuel to Peter Fros ehatti on Girand Street, Schwaben Sick' Benefit Society Inc. to John Flynn on Beechmont Avenue, Redmond to Redmond on North Avenue, Hirsch to Brustein on Pembroke Street, and The City National Bank as administrator to Marguerite St Hurley.
The Bassick Company of Bridgeport and the Bassick Manufacturing Company of Chicago merge with subsidiary firms to form a holding company named Bassick Algmita Company. W. Bassick will lead both major firms, with Bridgeport plant expansion possible. Central Securities Company of Chicago finances the venture though no sale of stock is planned. Casters and related products continue, with incorporation planned under Delaware and detailed notices expected later in February.
Bradstreet's notes a favorable week overall with improved collections and steady industrial pace. Split trade with jobbers grows in large eastern markets while central southern centers show activity. retail trade weak but above last year. January wholesale buying up 25 to 50 percent in major markets with gains across jobbing and wholesale sectors.
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