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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
May 21, 1923
Page
33
New York May 26 Associated Press reports a steadier financial mood with higher commodity activity. Buyers absorb steel and cotton demand. rail car loadings reach record levels as production stays strong in steel and textiles. Market tone hints at possible further price support amid lingering uncertainty on cotton crop and water effects.
A Chamber committee outlines 24 improvement ideas for Bridgeport’s railroad gateway after gates at East. Proposals include shoreline trees by factory owners along Pequonack River, riverbank landscaping, widening Middle Street arcade, an east tunnel entrance at the depot, and a riverfront park between the railroad bridge and Congress Street bridge. Jonathan Shaw leads the effort with Walter Lashar and architect Joseph Northrow among key supporters targeting a faster, more welcoming transit corridor.
The Department of Commerce reports March imports totaling 102,000,000 dollars, the highest since August 1920 and 146,000,900 dollars above May last year. A trade surplus did not occur as imports exceeded exports by 61,000,090 dollars, reflecting domestic prosperity and the impact of foreign debt payments.
A compiled list from Wooster and Davis, Bridgeport lawyers, notes patents freed May 1. Includes Edward F. Bullard Jr indexing device in Bridgeport, Edward Pollard Jr boiler and steam apparatus, William Allen turning machine in Hartford, and several New Haven Stamford Meriden Southington entries for fixtures, machines, and electrical treatments.
Work has begun on the McEldownes & company bond dealers building at 61 State Street adjoining the Bragéport Savings Bank. The one story 28 by 40 foot structure will feature marble accents and harmonize with neighboring architecture. Plans include expansions to the WoWland Library reading room and a reference wing.
Wartime shipping activity near Charlton reports MeW’Ullams and other crews directing six coal laden barges to Robert Meister, with torpedo threats and delays noted. The report mentions barge transfers to New York, weathering delays, and a midweek pause as captains coordinate next runs under Captain Tail’s guidance.
Washington May 20 A balance of nearly 57 040 000 unfavorable to the United States for the first time since 1912 was piled up as a result of foreign trade operations Commerce reports imports for foreign merchandise by the month valued at 402 90 000 while exports of American goods stood at 941 100 090 Those are preliminary figures subject to revision The Commerce department cites delays in gathering import values and notes reports are two months late Exports in April reached 341 000 000 slightly below March A second unfavorable balance in April would be credited against the United States The shift in trade direction is seen as beneficial for American foreign trade indicating foreign countries are exchanging goods for cash in a finezen trade model
The piece outlines Fisher’s weekly index of general prices and purchasing power, noting two measures: price movements and money value relative to pre war. It cites 200 price quotations weighed for publication weekly and references Professor Irving Fisher’s book The Making of Tax Numbers.
New York May 27 8 Davies Warren president of the Seadward dir Line Hathwax committee secrett anteurless the posites of palieoard executives who favor preservation over panication etc. Warilaid urges consolidations when necessary but warns against forged concentration delaying opportunities to improve service and economics through existing facilities and carrier responsibilities.
Mrs Sophia Vernon Hammond widow of General John Derry Hammond died in Paris aged 81. She will be transported to St Paul, Minnesota, for burial beside her husband, with the grave of her son Henry Hammond noted among the family interments. The death was reported from New York on May 20.
Market conditions show vegetables in sparse supply with price declines for asparagus rhubarb spinach and radishes. Southern strawberries remain heavy with arrivals while old crop potatoes cabbage and Texas onions were scarce and steady. Prices for apples oranges and berries vary, with poultry dairy and livestock markets showing mixed shifts and overall tight supplies.
New York May 20 Cooperation of college professors to develop summer schools for workingmen will be pursued by the Workers Education Bureau of America. Arthur Holdex, four years labor representative on the Federal board of vocational education, was named field secretary to promote the movement nationwide.
Native vegetables are replacing shipped in offerings as asparagus, rhubarb and spinach from Connecticut markets flood supply. Lettuce and berries appear from Norfolk Virginia with prices 2.30 to 35 cents per quart. Beef and lamb markets show higher dressed meat prices and potential continued rise. oats production may peak with acreage possibly shrinking this decade. Demand shifts due to motorized transport reduce need for oats and feed.
A large national investment banking house with offices nationwide seeks an energetic seller for high grade bonds notes and preferred stocks in the Bridgeport area and nearby towns. Prior selling experience preferred. All inquiries confidential. Provide age and business experience when writing to No. 74764 this paper.
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