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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Feb 28, 1918
Page
14
Feb 27 reports discuss rail road dividend rules and their credit impact on St Paul, plus analysis of Brooklyn Rapid Transit buys in 1914, American Shipbuilding stock activity, tobacco stock declines, United States Steel short covering and Gary’s capacity update, Chandler Motor dividend stability, and Railway Steel Spring’s expected year end balance.
Realty transactions record warranty deeds quitclaim deeds and mortgage deeds. Names include Jacob Weiss Henry Bresky Andrew Sedlak Sophia Serta Abraham Schnee Henry Saltman Marcus Hirsch Julius Weiss and Marcus Hirsch Weiss among others. Streets listed include Denver Dunnes Prince Trench Pembroke Brooks Anson Wells Pearl Madison Madison and Putnam with parcel sizes from 19 to 212.5 feet and monetary amounts like 900 2000 and 1800 dollars.
New York on February 27 marked a broad stock market rise aided by higher dividends and strong industrials. Continental Car boosted its common dividend to 6 percent, Chandler Motors to 12 percent, with other firms hinting at similar moves. Utilities and oil sectors advanced, while U S Steel and copper gave back some gains late in the session. Total volume reached 725000 shares with uneven bond and rail activity.
The item advertises the Monthly Booklet Investor's Pocket Manual with New York cotton quotations and stock prices. It promotes free distribution by The Financial Press and lists price data, railroad, industrial and mining corporation records, plus a subscription offer. Also included is a public notice from Stratford Connecticut calling for sealed sewer project bids.
New York report notes very small contract volume and minor price changes in corn. Western receipts reach 2,392,000 bushels as driers prepare for export. Chicago mulls a new moisture based delivery contract. Bradstreet shows a weekly 695,000 bushel drop in visible supply.
Washington reports that once the railroad bill passes the half billion dollar revolving fund will be drawn on to cover January and February deficits of eastern lines. Gov ernment reimbursement for delays is urgent as expenses exceed revenues amid reroutings and traffic shifts. Some trunk lines have taken bank loans to meet obligations and seek to liqui date them quickly. January deficits hit major eastern lines including Pennsylvania Ohio Erie and Jersey Central. Wall Street myths aside, equipment makers see value in standard engine and car types and rail earnings show mixed results for 1917 with Continental Can and other firms noting revised yields and dividends.
Washington February 27 over 4 000 900 pieces of the third Liberty bond issue have been printed The tender terms were announced and subscriptions begin for those who pay in full The size of the new series will be considerably smaller than prior issues
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