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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jun 17, 1927
Page
25
The 48 states in 1926 raised more revenue while cutting operating expenses, yet total debt rose. Per capita indebtedness stood at 1146 while operating costs reached 61046234452 and revenue receipts totaled 165594919. It was the first year since 1919 that receipts exceeded expenses for all states.
A new insured savings account offers a ten year plan where a monthly deposit of seven to ten dollars builds a $1000 fund. The deposit compounds semi annually while a chosen insurance company covers the premium, ensuring the $1000 to the estate if the saver dies. If alive at ten years, the fund grows and life insurance can continue for family benefits.
Chicago grain markets opened with sharp corn upturns driven by aggressive buying amid persistent cold, while wheat lagged on Liverpool petition weakness. July wheat eased, corn climbed to higher openings, oats firmed, and provisions mixed as prices fluctuated across contracts.
Foreign exchanges in New York show easy quotations on various currencies and bonds. Major rates include Great Britain at 485 6-18, France 391 9-16, Italy 54 placings and global references list Belgium Germany Holland Norway Sweden Spain and other markets with varied bids and cables.
Percy Roberta, of Bango and Aroostock talkoad, said the executive committee will likely seek director approval to issue additional common stock to refund debts and fund capital expenditures. Smith and Corona announced a 75 cent quarterly dividend, payable July 1 to July 22 recordholders. Ingot production fell 2.5 percent at U S Steel, with capacity around 70 percent for independents, while Atlantic Coast Line expects earnings to rise only by September. Postum may raise dividends. E F Hulton expects 9 dollars per share for 1927. American Water Works and Electric plans to buy Morgantown public utilities, likely joining Monongahela West Penn Public Service.
A Connecticut agriculture bulletin lists current market prices for fruits vegetables and related goods. It covers apples oranges lemons grapes cantaloupe strawberries and berries along with potatoes onions peppers celery lettuce and greens. It also includes poultry dairy livestock meats hay and grain prices with unit measures and ranges for each item.
Cotton futures closed barely steady with July at 1666, October 1702, December 1725, January 1732, and March 1746. Middling price reported at 1990 as market remained quiet under AP reporting from New York on June 18.
The Bank of England weekly statement shows total received up by 833000 pounds with circulation at 833000 and bullion unchanged. Other securities rise 3550 000, public deposits up 6563 0900, other deposits down 4406 000, reserve up 849000, government securities down 2 200 000. Reserve ratio 30.21 percent, discount rate 4 1/2 percent.
Liberty bonds figures from New York show various issues with bid and ask levels. Do First and Do Second 4s, Do Third and Do Fourth series appear with varied prices and maturities. Treasury notes and bonds also listed with their respective quotes and yields.
London June 16 Justice Hill grants Mrs May Crline Bach a decree of nullity against William Bach, ruling no valid marriage occurred under Scotland's 21 day residence rule. The Gretna Green blacksmith had officiated but the ceremony did not meet legal requirements, nullifying the union.
Berlin June 16. A collapse threatening Mayence Cathedral was averted after dangerous repairs. Cracks appeared in walls and pillars wide enough for a man’s arm to pass. Workers halted until supervisors led them. Ten thousand cubic metres of cement have been poured into the foundations over two years. The structure is now regarded safe.
In Geneva the German Reichstag member Frau Moerie Elisabeth Lueders is slated to join three workers as feminist delegation reps at the economic conference. Editors mock the idea, envisioning a future with identical kitchen tools for French German Russian and American households, and exact parity in cookware and tableware.
Shipping notices show arrivals including Bergensfjord from New York on June 16 aboard Empress of France and other liners such as Quebec President Adama, Reliance, Martha Washington, Estonia, and Giuseppe Verdi with arrival dates ranging June 10 to June 16. Vessels docked at ports like Southampton, Marseille, Trieste, Copenhagen, Paris, Plymouth and New York.
Real estate records show transfers involving Martie Deeds and Julia T McBitte to Elite Miller Realty on Essex and Dust Main Streets, Richard Smith to WooF Bendit Realty on Victory Street, Matteo Coppola to Columbus Finance Corporation Realty on Weils Street, Steve Takacs to John Yubas Realty on Harborview Avenue, warranty deeds recorded for John Fyuhas cux to Steve Tihacs Realty on Harborview Avenue, William F Randall to Richard Smith Realty on Victory Fleet, and William H Moffit 3¢ to George B Kelly Realty on Trumbuill 101d.
Copper steady with electrolytic deposits and sutures around 1250 1262. Tin thin spot and nearby around 6775. Lead steady and anchored at spot 40. Zinc quiet with last quotes near Louis spot and futures at 625. Antimony spot around 1225 to 1237. Quicksilver quoted at 120 60.
Paris reports a reform by restaurateurs to cut wine from the bench table d hote menu. The group says wine costs have risen, eliminating a tenth of the price and forcing prices higher. More diners face steadier mid priced meals as profits shrink due to soaring wine costs.
Patrons in upscale restaurants note wine is no longer poured with meals after diners paid for it in advance. The shift aims to simplify service and reduce waste, letting diners drink water with meals instead.
Paris workers in dressmaking shops seek chairs for long nine hour days. Associated Press reports that Paris sewing girls aim to replace stools with proper seating to ease strain on workers. French children generally attend school, while women sew in city shops.
Two groups of cadets from West Point arrive at Fisher's Island for a week of training with heavy artillery. The first party lands this week, with a second group due next week as part of the ongoing program.
New York reports twelve theatre agencies were held over a grand day inquiry into ticket sales two weeks earlier. Gur ney Charles and Jot Ball faced immunity issues as prosecutors alleged knowledge of illicit ticket selling. Ball was released on own recognizance.
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