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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
May 16, 1918
Page
22
Broad market activity shows greater breadth as war shares dominate. U S Steel fluctuated with gains by Baldwin Locomotive and Midvale amid government plant reports. Oil and utility stocks led gains, while lower priced rails showed resilience. total volume 1,174,000 shares.
Washington May 15 The illness of Secretary McAdoo delays talks with congressional leaders on the revenue program. A bill is to be prepared and presented to Congress before adjournment, then a fall special session. The plan aims no radical changes but a notable lift in the tax percentage on incomes and excess profits for the year ending December 31.
New York cotton quotations via private wire show July at 28.50 24.80 25.60, October 24.75 24.00 24.20, December 24.86 23.90 24.10. A quoted Life insert mocks golf with a joking line about a champion and a pro suggesting a couple weeks more.
The New York May 15 corn market showed light activity with an early setback of about 1 1/2 cents on July futures, but short covering and buying moved prices back. Favorable new crop weather and rapid northward planting boosted cash and futures strength, while eastern cash oversupply and resales limited gains. Chicago traded unsettled with May and July slips and gains in oats, as export demand remained weak and deliveries faced limited supplies. Hog and cattle markets followed mixed paths with varied price moves across stock types.
New York May 15 The market showed a 2 point gain in Steel common amid continued buying by commission houses. Oils led by Texas Company and Mexican Petroleum rose on strong shipping and high interest. Baldwin Locomotive and Midvale Steel pushed the stock list to new yearly highs with rails advancing broadly.
Curb Quotations notes sugar stock appears sound due to liquidation to an investment basis and vast hidden assets and earnings. It cites cash near 90 a share, investments around 30 million, and a book value under 25 a share, with potential for 10 percent dividends if desired. Willys-Overland gains from war contracts and inventory cuts, improving credit and earnings, while brokers warn against hunch driven tips.
Realty records list multiple quit claim and warranty deeds transferring land parcels along Barnum Avenue Orange Street Anson Street Maplewood Avenue and North Main Street with varying sizes. Mortgage deeds show loans secured on properties totaling 1200 0 and 3450 with owners James Long Kate Annabelle Fox Eugene Baum and others.
Pulverized limestone remains favored as a soil sweetener and fertilizer per the US Geological Survey. Since 1911 production has risen steadily, with 1916 output reaching 1,6068,376 short tons valued at $1,146,582, a 512 percent rise in quantity and 460 percent in value over six years.
John F Fay operates as a furniture dealer, upholsterer and cabinet maker offering superior fabrics for furniture and draperies. Contact information shows a phone listing Barnum 74.
Notice to Bridgeport taxpayers that the 1917 grand list taxes are due at the Tax Collector's office Room 4 City Hall. The collector will be there May 1, 1918 and daily thereafter except Sundays from 9 a.m. to 4 p.m. and Saturdays 9 a.m. to noon for collection. After June 1, interest at three quarters of 1 percent will be added to unpaid taxes and the same on the first of each month. Howard F. Smith, Collector.
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