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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jan 24, 1927
Page
16
Fragmented OCR describes a dog team race entry by a mother of two in Alaska with references to Seppala and Molly. It mentions a tragic death of a partner, the Woke Mack Sweep and various race details, but the garbled text obscures clear facts and dates. The piece evokes a long, annual dog sled racing culture with multiple names and scattered event notes.
A brief item notes the weekly price indices developed by economist Irving Fisher. The report highlights the publication of numerical series reflecting changes in prices, with Fisher associated as the originator of the method.
In Pitrope Michigan on January 21 a heated Ford tax hearing drew massive testimony from both sides. Government witnesses argued for a substantial tax increase while opponents presented a large body of evidence challenging the plan. The chaotic discussion touched many long standing fiscal concerns and political tensions.
Testimony from Fred N. Dich cites Ford Motor Company expenditures reaching billions, with government claims for $330 million in additional taxes on 1919 minority stock sales. Arguments center on varied valuations over time, aiming to trim the Treasury’s $40 million bill, while a single $25 incorporation fee from 1903 stands out.
London, Jan. 23 The past week was busy on the stock market exchange. Im pression was made by the offer of four per cent console with applications totaling over 405 million dollars and conversions to 640 million. The treasury is pleased as maturing debt is now covered. Foreign market steady as Brazilian bonds absorbed for sinking fund. Mexican bonds fared better after Lord Bear’s death. Leaders in foreign railroads showed strength but overall shavey market not expected to crash following Lord Learst ed’s death. Kaffir market generally up.
A Fourth of July celebration honored Stephen Collins Foster, America's famed songwriter. Born in Lawrenceville, Pennsylvania, he wrote enduring tunes such as Oh Susanna, Swanee River, Old Kentucky Home and Old Black Joe. His 175 published songs remain beloved next to countless recent tunes.
New York January 22 AP Bond prices rose to the highest general average since early 1926 amid heavy demand for investments. Strong thrift growth and expectations of a Fed rate cut supported the rally with large new offerings absorbed. Rail and industrial securities, foreign and Latin bonds, and large issues from People’s Light and Power and Batavia Petroleum highlighted the week’s buoyant market.
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