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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
May 13, 1926
Page
25
The Connecticut Commissioner reports a wholesale price jump for strawberries to 0 cents per quart despite a prior dip, while other fruits and vegetables show mostly steady or active trading. Prices for apples, lemons, oranges, grapes, pineapples, and greens are listed alongside dairy, poultry, and meats, with general market firmness noted across many lines.
New York May 12 Clearing House report shows total clearings around 849000000 and related balances across member banks. Federal Reserve balance figures indicate substantial liquidity with fluctuating daily totals and interbank activity reflected in the latest statement.
Net operating income for Western Union Telegraphs in March rose to 1.58 million, boosting Q1 1926 to 4.62 million from 2.28 million a year earlier. Copper stocks, production, and shipments across Pan American regions show gains, with refining output in April at 116 thousand tons. Pan American Western Petroleum nets 810 thousand for Q1. Willys-Overland Q1 net income 4526 thousand before taxes. Heavy steel scrap prices ease in Pittsburgh. Federal Motor Truck cash hits 1.52 million as output projections for 1926 rise. Eastman Kodak declares extra dividend of 73 cents plus standard 1.25.
Foreign exchanges firm. Quotations in certs Great Britain demand 485 7 8 cables 486 5 10 60 day bills on banks 48 7 8. France demand 314 1 2 cables 3 15. Italy demand 8 98 1 4 cables oo. Deman Briglum 15 1 2. Germany 23 79. Holland 4% Norway 21 62 Sweden 26 75 Denmark 24 16 Switzerland 19 44 Spain 14 46 Greece 1 23 3514 Poland 10 00 Czecho-Slovakia op Yugoslavia 170 Austria 14 00 nia 38 china 49 33 1 4. Brazil 14 49 G 4 kyo 47 225 Shanghai Montreal toe 0g 1 8 Vortugal 517
New York May 12 AP A conspiracy case ends with 29 defendants pleading guilty to controlling the purchase and sale of 20 090 699 dollars worth of fresh water fish annually. Indictments from last July accuse producers from Wisconsin Michigan Minnesota Ohio and Canada of coordinating sales in New York of carp buffalo yellow perch and Ciscoes. Fines totaling 31000 are imposed and a perpetual injunction dissolves the fish purchasing corporation and bars further activity.
New York May 12. A $40,000,000 bond issued by New England Telephone will be publicly offered tomorrow through a country wide syndicate led by J. P. Morgan and company. The 35 year bonds will be priced at 94 1 2 and carry 4 1/2 percent interest, the second public utility issue this year with that rate. Proceeds finance new construction and repay advances from AT&T for recent improvements.
Sharp declines in old potato prices demoralized markets as government data show a 50 cent to 14 dollar per hundred weight drop last week. Southern states ship more new potatoes and surplus old stock struggles for buyers. In Chicago, northern round white potatoes sold as low as 3 dollars per hundred weight, with total old potato movement up by 800 cars from the prior week.
The New York Cocoa and Rubber Exchange will vote on May 25 to discontinue rubber futures trading due to low volume. Officials say most rubber trades have moved to the New York Rubber Exchange, and the rubber business on the Cocoa exchange is scarcely worthwhile.
Washington May 12 The shingles industry asks the Tariff Commission be asked to investigate the tariff. The Washington state delegation in Congress requests inquiry due to Canadian competition placing the industry in a deplorable condition with shingles on the free list.
New York Liberty Bonds sales in thousands of dollars show varied prices across series. Treasury issues include 3 1-28, 4 1-48, and 4s with values around 101.32 to 104.14, reflecting fluctuating demand and close bidding.
About 24 cutters at Warner Brothers Company faced a split in labor as twelve reported for work and twelve went out on strike over four discharge cases. Company treasurer DeVer C. Warner described the move as not a strike, with older, long-serving cutters favored under an open shop policy.
New York AP report shows butter steady with receipts 15 574. Hees firm receipts 44 246. Eggs firm with fresh gathered firsts 31% to 31% for storage packed. Potatoes and cabbage prices listed by region and grade. no clear single highlight.
Copper steady at 13 percent for spot and futures while tin hovers near 64.00 spot and 60.09 futures. Lead eases to 7.76 spot as zinc holds firm and antimony sits at 12.50 spot with St. Louis spot and futures around 6.75 to 6.30.
Cotton spot steady with middling at 19.00 while oil grade trends firm. Prices noted include prime crude 12.00 and summer yellow 14.00 to 14.45. Futures quotes: May 18.85, July 13.49, September 13.14, December 10.78.
Money New York reports call money steady with bids at 3 percent and offerings at 3.4 percent, plus last loan 34a. Call loans fast accepts, time loans steady. Mixed collateral 60 30 days 4, months 4, prime mercantile paper at 4.0 percent.
Grain prices and market notes show flour patent grades at 6.76 to 8.76 per unit, spring and hard winter wheat values soft winter ranges 7.76 to 8.25, spot wheat weak with hard winter figures. May shipment rates for Manitoba lake and rail mixed, cash spot ease for yellow corn, oats and lard prices listed, other articles unchanged.
Buenos Aires May 12 Banco Commercial Del Azul one of Argentina's largest native banks suspended payments ten days ago and disclosed it has capital of 16 million pesos about six million dollars and deposits of 50 million pesos about twenty million dollars.
Miss Mae C. McCarthy daughter of Mrs. Sara McCarthy Bridgeport and Frank E. Nolan former Bridgeport newspaperman were married last Thursday at 9 in Baltimore Cathedral by Monsignor Strickney. Miss Nannia Foley of Baltimore was bridesmaid and J Edward Phelan of Bridgeport was best man. The couple will reside in Clearwater Florida where Nolan resumes duties with Belleair Estates.
A benefit concert last night at Mrs Archibald McNeil home 1000 Fairfield Avenue drew enthusiastic Legion supporters. Hostesses Mrs Jay Smith Mrs A G Faulkner and concert chair Jay A Smith coordinated a program featuring organ solos choral pieces tenor solos contralto and soprano numbers a mixed chorus and selections from Handel Beethoven Wagner and Puccini with Mrs M D Ogren at the organ and Mrs C C Marshall directing the St Cecelia Chorus. A finale of The Star Spangled Banner concluded the event.
Francis Db. Gonda, vice president of Biison-Freeman in New York, told Advertising Club members at Stratfield Hotel that window displays should follow a planned schedule aligned with demands. He cited the three Cs Calendar Customers and Competition and urged dramatizing show windows with careful lighting to boost sales.
Market averages and indexes are presented with figures for stocks, bonds, industrials, and utilities. The brief notes include daily and monthly context, with references to combined averages and year-ago comparisons, as reported in early 20th century financial data.
Flint Michigan May 12 AP a building program for Chevrolet Motors to be completed by January 1927 will boost production by about 40 percent and provide jobs for roughly 1,500 men according to general manager Charley Barth the expansion aims to increase output and employment at the plant.
Shipping notices list vessels: President Midison from Havre May 12 via Yokohama May 10 and other ships including New York bound arrivals in May. Entries show ports Seattl Copenhagen Bremen Queenstown and New York with dates such as May 12 and March 31. The fragmentary list mentions Berengaria New Duilio and Saned with destinations and dates, indicating routine freight and passenger movements.
Carlo Luariany a 23 year old plumber from Bridgeport, living at 268 Audubon Avenue Manhattan, married Miss Fellette Masidlo 21 of New York City yesterday in New York. Deputy City Clerk J J McCormick performed the ceremony. Damiani son of Vita and Margherita Damiani and bride Mastello daughter of Guisepe and Maria Mastello were the families named.
The House debated the Haugen farm relief bill and agreed to amendments cutting the price stabilization appropriation from 376 million to 176 million. The amendments push the equalization fee on certain crops to apply immediately only after two years. Further votes on the three bills are not expected before week’s end.
A former city resident, John Joseph Seeley twenty four and a mechanic, married in New York City yesterday to Misa Margaret Helen Delaney nineteen of 600 West 183rd Street, daughter of John and Catherine Delancey.
Newport May 12 CAP The second diver to be brought here suffering from bends after rescue work on sunken submarine 51 arrives today and is taken to the Naval hospital. The diver is George F Holden of Newton New Jersey torpedo man first class aboard the diving ship Falcon. His condition was not nervous.
In Roxbury Court a man identified as James G OConnell pleaded guilty to keeping liquor while posing as Frances Carroll. He claimed an attorney influenced his appearance for 25 dollars. Judge Ahern granted a complaint charging disguising to obstruct justice. $2,000 bail set. papers impounded.
The Musical Research club presents Songs and Tales of the Sea on May 18 in the Hotel Stratfield ballroom. Director Charles Coles leads chanteymen James Frances William Walsh Leonard Berggren Thomas Wall Charles Uclet Lewis Granniss Ernest Hemel Jed Walsh James Sullivan George Owen in old sea airs and new arrangements. Proceeds fund the club scholarship for a deserving music student.
In Portsmouth N H on May 12 authorities captured a former navy launch with about 390 to 400 casks of liquor and canal alcohol aboard. The boat numbered C 6300 had its papers missing. Wood Island Coast Guard and Portsmouth police aided the seizure. The text ends with an epigram about virtue and poverty.
The Business and Professional Women's club will hold a card party tonight at 8 15 in the sun parlor of the Stratfield hotel to raise funds for club activities. Emma F Eames leads general arrangements with Frances Weller Catherine Fullon handling cards prizes and reception duties. Junior committee chair Mrs Maylah H Shallenberg is assisted by Ethel B R Nurse Selma Schwarts Edith Reid and Attle Brooks. Junior helpers include Winifred Baker Flora Juliano Gladys Brown Elsa Lawson and Lacy M Petrucetti. Reservations via secretary at Noble 1486 or any committee member. Club night remains Monday May 17 in the study parlors with Mrs Mary F E Sheppard and Daisy B R Waldman hosting. Light refreshments served.
Simple services marked the funeral of Benjamin Barker Odell former New York governor from 1901 to 1906 in Newburgh New York. Governor Smith with his military staff and many officials attended. Business activity paused and flags were at half mast. The service began with a Protestant Episcopal prayer and readings by Rev. J Gilmore Buskil and Rev. M Seymour Purdy.
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