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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Mar 09, 1921
Page
15
European developments push sterling down more than four cents as analysts note inde m nity payment disagreements. Despite currency moves, stock markets show limited weakness with selective gains and losses across segments. United Fruit activities and Allied Chemical interplay shape trading, while railroad stocks remain heavy amid wage dispute signals.
A detailed inquiry into the Shelton Derby crossing collision pins fault on the southbound crew for neglecting signal duties and rule observance. Coroner and engineer findings blame improper operation while noting potential fault by the northbound car crew. authorities call for strict discipline and banning gasoline on passenger cars to prevent similar tragedies.
The federal mediation board seeks to resume talks to end a national railroad strike affecting the Atlantic region. A management source reported limited progress as negotiations stretched into the fourth day with no clear resolution.
London march Great Britain's contribution to the occupation forces along the line will be limited to cavalry tanks and a small flotilla of boats in addition to its main complement of soldiers. War troops will be set from Belgium and the Rhine.
The government farm reserves report stirred a bearish tone and weakened wheat prices. March futures slipped to 1.41 to 1.65 while May traded around 1.99. market activity showed cautious trading as traders anticipated larger farm holdings than expected. Rainy weather and labor talks at packing plants had limited impact on the session.
Fred Enas, active Bridgeport Republican and longtime public servant, died after a stroke. He helped spark major local development, guiding the Remington Arms site arrival and other big manufacturers to Bridgeport. Born in an earlier era, he served as alderman and customs collector, shaping civic and business ties until retirement. A memorial service was planned with family and friends attending in Fairfield Avenue.
Italian historian Guglielmo Ferrero warns against expecting U S policy to cancel deals with Hurene and urges terms that prevent money aiding England or France. He argues Europe must understand America’s wartime effort and urges Allies to seek sincere terms with the United States to preserve peace and avoid reopening German or Russian tensions.
Wage reductions of about 72 percent take effect March 14 impacting over 190,000 packing industry workers nationwide. Minimum hourly wage to 45 cents with 12 1/2 percent cut in piece rates. overtime shifts to two shifts and capped at ten hours per day or 54 hours per week. Double time remains for Sundays and holidays. Packer plans seek closer employer-employee relations to discuss issues.
The teredo pest destroys timberwork on wharves and structures along the Pacific coast costing millions yearly. Various schemes failed, but a concrete cement gun coating for pilings shows strong promise, set when water is low to armor wood against decay. over 5200 miles of trestle bridge piers have been treated with noted success.
Washington March 8 Consul General Coffin at Berlin reports beet sugar output in Germany for the fiscal year 1920 totaled about 1 15 million tons, down from 1 48585 million the prior year. He notes war-time substitution with potatoes and wheat reduced beet sugar use and production.
Boston March text shows a joint committee of New Island and Boston officials studying rail line finances. They consider a 6 percent rate increase and will hold meetings in secret. General A. Nutley, Boston Chamber of Commerce chair, led the group.
The coffee market opened at a 1% gain in New York with initial rallies but failed to sustain momentum. Traders cited evident weakness and prospect of prolonged demand restriction. Cables showed no change in dollar buying rate, with Rio and London exchange rates mixed and banks weaker.
March reports show a price advance for Cuban refined sugar with New York and Western markets noting no price changes for refined sugar yet. Demand remains good but business activity is restricted as refiners adjust to higher raw sugar costs.
Fragmented OCR text reports Liberty Bond prices with bids and fractions such as First Second and Third terms. Mentions bids around 87.00 and 86.8 with notes on 4s and 4 Jets, names Victors Ids and Viet Lory. Page noise obscures full details.
Washington report shows grain held on farms last year lagging behind corn and oats, except for wheat which matched 1918 levels when a billion bushels were held. Prices rose on heavier farm holdings as per sericulture estimates, with corn and other crops showing larger increases in storage.
The market faced confusion from European political strife and sentiment on invasions and postwar recovery. Despite favorable Georgia financial hints and bank reopenings, prices fell 7 to 24 points on weak Liverpool cables. South reports show reduced acreage and nervousness over foreign affairs, limiting market response for next season.
Real estate deeds record transfers from Deette Wagner to Joseph Gordon and others with lines on Beardsley Howitt Lacerverne Hea streets and Park Vine. Bank mortgage to Mora Soloway, various parcel ages listed. Public bankruptcy and debt matters announced including Samuel Pech and Belgradeport business. Court notices warn creditors and publish proceedings in Bridgeport and local papers.
Boston Wyoming oil producers will receive millions as the government directs a $1,500,000 impoundment from restricted Wyoming acreage under the Oil Lend Leasing Bill. Interior Department plans a lease at Salt Creek, Salt Creek field, with royalties and future dividends anticipated as Wyoming oil stocks gain activity. Boston Wyoming and related firms anticipate substantial dividend flow and market expansion as development accelerates. Special letter fees are offered by McCall & Riley Co. Inc.
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