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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
May 24, 1922
Page
15
A promotional notice from a Beneficial Loan Society offers loans up to 309 dollars with 15 monthly installments or flexible terms. It claims confidential, courteous, and safe service financed by local businessmen and licensed by the state bank commissioner.
New York May 3 Prices moved upward overall amid uneven stock lists though gains were uneven. Government loans showed Liberty issues higher with 3 percent over par, while 4 and 4 1/4 percents lagged. Foreign offerings like Mexican bonds weakened, with 4 3/4 and 3s sliding as settlement delays persisted. Canadian, Belgian, Chilean, and French municipals posted modest reactions while railroad issues including St Paul and Missouri Pacific rose. Total sale par value $16,769,000. Largest net underwriter was Bank of Commerce stock, helped by a large bank group sale.
Bankruptcy petitions cited in the Connecticut district courts involve 16 firms for the week ending May 20. Combined statements show total liabilities about 224.24 million and assets around 92. Fairfield pols Greenwich club and other entities formed or reorganized in Bridgeport and surrounding towns with varied capital stock, directors, and initial paid-in values.
In New York May 2 markets show copper strong to spot and nearby around 13.764, tin futures 30.75 with tin spot noted. Lead firm at 5.50 to 5.85, antimony spot 8.7 to 8.750 with nearby delivery. Other metals like zinc and nickel mentioned with varied quoting.
Retail meat prices show a steady rise of 2 to 5 percent in April across major cities, with pork chops and sirloin steak also moving up. Other essentials such as sugar, coffee, and rice climbed modestly while butter and potatoes edged down. Officials say the broader food price realignment reflects postwar adjustments across wholesale and consumer markets.
At New York May 23 the Card Exchange featured gains in Standard Oil of New York and Vacuum with Mexican Seaboard briefly pressured by news of leases in Tabasco affecting about 329000 acres. Woodley Petroleum climbed as wells progress, while Independence Lead and Marsh Mining hit new highs. Bonds fluctuated as pressure in Freeport Texas shifted markets.
In New York on May 25 the North American Co directors declared a universal dividend of 2 percent on common stock and 11.2 percent on preferred. In the prior quarter only 1 percent on preferred and 75 cents on common were paid. Market reports cite dairy and cheese sector price shifts, including varied extras and wholesale milk trends, with broader market notes on fabrics and materials in Paris.
Real estate transfers list numerous deeds, mortgage actions, and property parcels. Names include William J. Nicholy snid Minnie L and Joseph Pistag with multiple parcels and streets such as Willow treat, Lindey Ears, Park View terrace, Barnum avenue, and Bishop avenue. The entry mentions Park View terrace parcels and City Savings Bank involvement, with values around 400 feet and 94.308.
The report describes a strong general tone in the foreign exchange market with British and French bills larger than prior records. It notes observed demand and speculative covering, mentioning German marks and various international currencies, including Amsterdam Genoa and Stockholm, amid broad market movement in New York.
The Easter Malleable Iron Co. secured a contract with New Haven for malleable castings and iron fittings to repair and maintain cars in the bad order department. The deal covers castings for steam locomotives and other commuter rail equipment, with work starting on requisitions and a projected outlay as repairs progress through 1922.
Local markets report mixed shifts with rising shipments from local growers easing price pressure on vegetables. Texas tomatoes, onions, and cabbage show price declines while strawberries soften. dairy and meat markets hold steady with modest gains in certain cuts.
Washington May 25 The Interstate Commerce Commission set a tentative property valuation of 222.65 million for the Central Vermont railroad and its subsidiaries. The line operates 383 miles of track with assets valued at 6.473 million.
The Japanese Film Co of San Francisco, linked to the Pacific Film Exchange, filed articles of incorporation in Sacramento to operate as a Japanese picture company. The report notes a shift into film production by Japanese interests amid broader market details and financial quotes.
New York May 22 trading in stocks drifted away from prior gains as prices became uncertain. Volume reached 1,278,000 shares with several weak and mixed signals. Increased dividends announced by North American and Computing-Tabulating-Recording echo improved earnings for utilities and select industries amid uneven demand.
Wheat prices moved higher on steady demand and looming deliveries in Chicago with May advancing despite selling from shorts. Corn and oats followed wheat trends while futures markets showed limited supply and cautious buying. receipts rose and rail shipments constrained. Provisions traded lower amid shifting demand and market dynamics.
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