21 May 1920
Page 1
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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
May 21, 1920
Page
1
Assistant Attorney General Garvan announced that government probes into profiteering extended to more than twenty business practices used by a New York based "flying squadron." He warned merchants against patriotic justifications and said the public, especially women, united to curb price gouging as prices eased but not to prewar levels.
New York May 20 The bankers action urged by the Federal Reserve Board led to another wave of liquidation in the securities market as credits contracted amid a railroad blockade. Wall Street sought to adjust to tight credit while retailers lower prices but freight ties delayed supply reductions. An official of the Merchants Association noted a retail price-cutting tendency but the freight disruption hindered broader reductions.
May 20 in Mogton informs of wool price slump with a drop of 16 to 20 percent under British government auspices. Only a small portion of wool sold now at auction for 2s per unit, with 3 percent of total wool disposed. Lumber prices also noted to fall widely in separate report from Wago Texas.
CHICAGO May 20 White the continued spread of price cutting wave was noted in central and far western states today Chicago bankers expressed satisfaction with the financial situation one man declaring that that validation of stocks by merchants would greatly aid in pringing credit back to normal In connection with the reductions Nebraska women were asked today by that state's fair price commissioner to notify their merchants that they would not pay higher prices of clothing next fall the commissioner who is Mrs Aran of Omaha declared that the recent price cutting developments had shown women their power.
In New York a 28 year old man known as Jimmy Valentine admits to leading a gang that robbed safes in the financial district of about $1.2 million in cash jewelry and securities. Richard Armstrong, a Brooklyn native, pleads guilty to third degree burglary and turns informer after his initial not guilty plea. He claims to employ sandpapered fingers and razor sharp nails to feel tumbler vibrations aiding safe cracking. The haul includes $250,000 from the Worth Avenue building in January as part of the spree.
The Aerial League of America announces Thomas F Dunn of Aerial Express Detroit outlines an air transport line to Cleveland Buffalo Toronto and Detroit. Thirty large converted sea planes with twin Liberty engines will carry passengers and freight once alterations are finished.
Austria urged to refuse Bolshevik demands as Hungary shelters refugees. United States presses for release of Americans held by Bolsheviks, seeking direct aid and diplomatic leverage amid wartime tensions.
Washington reports of American citizens imprisoned and detained by Bolshevik authorities spur indirect U S action. The State Department asks Austria to refuse release of a communist detainee held since Budapest escape, while pressing for aid to obtain American detainees’ release in Russia. Kalamatlano is reportedly in close confinement and starved. details remain uncertain as officials cite widespread Soviet surveillance of Americans.
A large LU dirigible passed over Bridgeport at about 600 feet last evening, headed toward New York. Despite a headwind it maintained roughly 30 miles per hour, skimming over rooftops as it moved along the urban sky.
State police sergeant and detective say clues from the Schinovich murder near Mountain Grove cemetery will lead to arrests within 24 hours. Coroner Phelan resumes hearings at 5 AM with witnesses detailing the victim Stanislaw Skit Neovich’s movements the night before his mutilated body was found.
New Haven May annual Tap Gay exercises at the university campus name George M Barker of Bridgeport as tapped Wolf's Head.
The Interstate Commerce Commission issued its first general order directing all railroads to move traffic without regard to prior routing and to suspend standard car service contracts. It also required movement of empty equipment and nullified route charges while specifying daily movement of empty and coal cars and grain-bound box cars to their points.
The Senate authorized an inquiry into campaign expenses and pledges of presidential candidates in the Republican and Democratic parties. Senator Borah pushed for the probe citing excessive expenditures and political influence. the committee was set to hear witnesses and consider sources of funds aiding delegates to national conventions.
The soldier relief bill advanced from the Ways and Means Committee with a stock dividend tax of 10 percent retroactive to March 18 as part of funding the plan. Leaders aim to bring the bill to the House on Saturday, with a 15 to 20 committee vote and a projected five new levy figures exceeding 00 per seat for chemists.
William Roma from Fairfield joined Bridgerart hospital after curiosity led him to pick up an empty revolver on the road. The weapon exploded as he triggered it, a cartridge fired, and a bullet passed through three fingers on his left hand.
Sugar prices in New Orleans rise from 20 1/4 to 21 1/2 cents a pound effective to June. American Sugar Refining Co. announces the higher rate in a May 29 telegraph note, affecting refined sugar sales in the region.
General Leonard Wood tops the delegate tally with 145 votes pledged as 0. P. candidates split early ballots. Johnson holds 100, Lowdon 78, with 453 delegates needed to nominate and 71 remaining unchosen from 984 total. Uninstructed delegates may shift at the June convention.
A secret meeting in City Hall last night saw Commissioners Murphy, Anderson, and Primrose demand the mayor file definite charges against Superintendent John H. Redgate or reinstate him. Developments are expected within a day as the group pressed for action while offering no public statement. Redgate’s supporters seek exoneration after suspensions tied to raids and graft allegations.
Unidentified gunmen ambushed two Baldwin-Felts detectives walking near dense woods in Lynn, a mining village near Matewan. One detective named Bud McCoy was wounded and treated at Welch hospital. the other escaped. The incident followed yesterday’s battle in which many were killed and wounded in nearby confrontation. Officials report the shooting occurred May 31 as regional unrest continues.
Mexico City May 20 Associated Press dispatches report that Colonel Gabriel Barrios a native chief in Puebla has aligned with the Agua Prieta plan and ordered Carranza’s capture while offering guarantees. General Polaez of Tamaulipas readies a pursuit column and Obregon returns from a San Luis Potost visit. A 30 000 soldier parade is planned for May 124 and Congress will convene an extraordinary session.
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