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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 15 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Nov 09, 1925

Page

11

Stocks Reach New Highs Boosted by Tax Cuts on Industry

The week’s broad stock market strength accompanied reports of larger corporate earnings and rising steel and motor shares. Growth in industrial activity, higher prices, and anticipated surtax reductions in Congress suggest a continued expansion into year-end profits, with rail and freight metrics signaling strong trade momentum.

Dun Congress Investment Fonda Liberty Saproximeatel Republic of Pern Danish Consolidated Municipalites Hamblarg Stars Province of Buenoz Dives Efterlags

Slump in Shipping of Owl Cargoes Affects Canal

Washington November AP reports Governor M. L. Walker attributed the drop in Pangma Canal business to a plunge in California oil shipments. 1935 traffic shows normal growth when oil is excluded, with 4,673 vessels through the canal and tolls of 21,400,523.51, down from 24,290,963.54. cargo tonnage rose slightly from 17,081,824 to 17,933,468 tons.

Washington Pangma Canal M. L. Walker War Department California Traneh Atlantic Far Japan Norway Germany Holland France

Weeks Bridge Named for Former Secretary of War Weeks

A foot bridge linking Harvard University and the Harvard Graduate School of Business Administration across the Charles River will be named after former Secretary of War John W. Weeks. Construction was authorized by the Massachusetts legislature, with initial costs funded by contributions from Weeks's former business associates. state maintenance is planned. The Atchison Topeka and Santa Fe Railway has ordered 14,000 tons of rails from Colorado Fuel and Iron.

Cambridge Mass Harvard University Harvard Graduate School of Business Administration Charles River John W. Weeks Massachusetts Weeks Atchison, Topeke & Santa Fe Colorado Fuel and Iran Company

Died Notices of Hartford Area Residents

In this city many deaths are recorded with funeral details. Ida L Abercrombie widow of William R. Abercrombie dies November 6 at 29 Putnam Street with burial at Park Cemetery. Loretta Reynolds Burns dies November 8 in New Haven. Funeral at 640 Howard Avenue and Sacred Heart Church. Callahan John Callahan dies November 7, services at 46 Colorado Avenue, then 983 Howard Avenue and St Peter's Church. Burial at St Michael's Cemetery. Eleanor Crowley, age 4 years 11 months 14 days, dies November 8, funeral private, burial St Michael's Cemetery. William B Delaney dies November 3, 1925, aged 50, funeral from Mullins Scot and Redgate, then St Augustine's Church. Eicker Katharine Houlihan dies November 7, funeral November 9 at 2 p.m. at 206 Woodside Avenue, burial Lakeview Cemetery. Bernard Gagnon, infant, dies November 7, funeral at 120 Mt Grove Street November 9, burial Mt Grove Cemetery. Nathaniel Macon Grey dies November 8, funeral November 11 at 2 p.m., burial Center Street Cemetery. Jennie Hayden Harden dies November 7. Robert E Lockwood dies November 6 285. Jane Lynch dies November 6, funeral November 9. Mildred V Kellogg dies November 7 in Milford. Isabel Park dies November 8 at Mt Carmel. Ruth Ellen Reed Tiffany dies November 8, funeral November 11 at 189 Bredmont Avenue.

Abercrombie Ida L William R. Abercrombie Putnam Street Park Cemetery Burns New Haven Loretta Reynolds Daniel T. Burns Howard Avenue Church of Sacred Heart Callahan John Callahan Colorado Avenue Eugene Quilahan St. Peter's Church St. Michaela Cemetery Crowley Eleanor Francis Elizabeth Stevens Crowley St. Michael's Cemetery Delaney Cty William B John Catherine Delaney Mullins Scot and Redgate Golden Fill Street St. Augustine's Church St. Michael’s Cemetery Eicker Katherine FP. Houlihan Louis Rinker Woodside Avenue Lakeview Gagnon Bernard Moeby Gagnon Mt. Grove Street Mt. Grove Grey Nathaniel Macon Grey Fairfield Avenue Center Street Easton Conn Hayden Jennie Edward L. Harden Wells Street Lock Woood Robert E. Lockwood Rachel Lockwood Fleet Street Britain Lynch Jane Conroy Bernard Lynch Broad Street Sacred Heart Church St. Michaels Kellogg Milford Mildred V. Kellogg H. Morgan Kellogg North Street Taterment Milford Cemetery Park Mt. Carmel Isabel John J. Park Arthur B. Park East Street Floral Park Stratford Conn Union Cemetery Tivpany Ruth Ellen Reed William Tiffany

Market Value Reports From 1923 Bull Run Vary Widely

Market value appreciations since 1923 show wide variation across stock classes. New York Exchange leading chain store issues rose about 288 percent, railroad shares advanced, and overall average gains near 60 percent. Some sectors like chain sofas and automobiles thrived while tobacco lagged behind copper utilities and chemical groups. Prices seem tied to starting levels of the forward movement. Most groups now fetch near record highs, with seats and trading volumes also at new peaks.

New York Exchange Statistica Company Dhain Sofa Stock Exchange

Real Wages Rising Study by Industrial Board Shows

New York nov 8 a broad trend toward higher real wages measured by purchasing power is shown by the Nations Industrial Conference Board in a study of major industries. It cites lower unit costs from efficiency gains and notes iron and steel wages up about 140 percent since prewar, while steel prices rose only 34 percent. Automobile wages up 122 percent with prices down 29 percent since 1914. The report attributes rising efficiency to management and tech progress with production up 185 percent since 1899 while wage earners rose only 30 percent.

New York Nations Industrial Conference Board Park Avenue Conference Board Ite

Manufacturers seek change in soft coal through rates

Connecticut manufacturers through a special committee will urge the Interstate Commerce Commission to establish through rates on prepared sizes of semi bituminous coal from West Virginia to Connecticut to meet the current emergency. The group seeks to ensure adequate substitutes and prevent industrial curtailment this winter.

Manufacturers Associations of Connecticut Interstate Commerce Commission West Virginia New England Trumbull R. I. Neithercut Bridgeport Brans Company Bridgeport J. ST. Atwater American Hardware Corporation New Britain K. P. Applegate Hartford Electric Light Company Hartford J. FE. Rowland Cheney Brothers South Manchester I. Hyatson Association Louisa Isakson

Wall Street Notes on Steel and Canner Stocks

Steel operations in the Youngstown district this week should average over ninety percent, nearing capacity schedules. Republic Iron and Steel shows near ninety percent production. the Foundation Company reports nine months net profit up $622,901 year over year. Third quarter earnings fell from the prior quarter. A New York Canners board meeting in Rochester on November 13 may call for retirement of two classes of preferred stock. Iron and steel prices rise one dollar per ton in the Birmingham district to $142.

New York Stock Exchange New York Youngstown Republic Iron and Steel Comany New York Canners Company Rochester N. Y Wall Street Birmingham

Yale and Towne Purchases Plant in Philadelphia

Stamford Nov 8 Special Yale and Towne Manufacturing company announced the purchase of the Miller Lock company of Philadelphia. The plant will operate as Miller Lock Worke of the Yale and Towne company with Arthur C. Jackson as manager and E C Waldvegal as director of sales policy. This follows acquisitions of Lager Lock and Futons Lock in the prior month. The group now includes plants in St Catherine's Canada and Germany, making Yale and Towne the world’s largest lock and builders hardware manufacturer.

Stamford Yale and Towne Manufacturing Company Miller Lock Company Philadelphia Miller Lock Worke Yale and Towne Company Arthur C. Jackson Old Miler Company E. C. Waldvegal Yale & Towne Company Lager Lock Company North Chicago Futons Lock Company Lockport St. Catherine's Canada Germany

Continued Boom Of Stock Market Feature Of Week

Record stock trading and higher prices dominated last week on the New York Stock Exchange as the Coolidge boom anniversary sparked a scramble for gains. Major issues like U S Steel General Motors Dupont Hudson Motors Allied Chemical American Can and America Smelting led the rally with U S Steel surpassing its wartime high. Despite a brief close-week pullback the market stayed buoyant on prospects of tax cuts bigger dividends and corporate surpluses passed to stockholders. France saw a currency drop easing later as credits opened to support the franc while cotton rebounded and wheat drifted lower.

NW York New York Stock Exchange Pufb Steel General Motors Dupont Hudson Motors Allied Chemical American Can America Smelting T. B. Steel Wall Street Washington New York Lfil Great Britain England London United States Jenms France Herrier

Cunard Announces New New York Channel Ports Ocean Service

Cunard Line unveiled a fortnightly cabin and third class steamship passenger service between New York and Channel Ports. Seven ships, five new, will be assigned to the route with weekly sailings starting next May for the summer tourist season.

New York Channelports Cunard Line

Price Drops For Potatoes At Local Market

A slight easing in potato prices at the farmers wholesale market was noted on Saturday with some sacks down 25 cents though trading remained slow. Sweet potatoes stayed firm while green vegetables were limited and meats held firm except veal. Poultry and dairy prices showed steady demand amid tight supplies, and general livestock and hay and grain prices were listed with various bids.

Mcintosh Baldwin Baldwing Kings Mission Malaga Brees Cann Newlaid Kennery Western

Germany to halt zinc mine sale in foreign control bid

Berlin reports say Germany may intervene in the deal where W A Harriman and Amacon d Mines acquire Von Giesche holdings, granting a 25 year exclusive right to sell zinc ore from German mines, potentially forcing Germany to repurchase zinc mined domestically. Rheinisch-Westfälische Zeitung argues the move conflicts with German trade policy.

Berlin W. A. Harriman Company New York Anaconds Mining Company Montana von Giesche Mining Company Germany von Giesche Rheinisch-Westfachsche Zeitung

Irving Fisher Weekly Index of Prices and Purchasing Power

Weekly index showing average week to week movement of wholesale prices across 200 commodities and the purchasing power of money relative to 1918. Notes cite May 1920 peak at 147 percent, 40.5 pre war cents per dollar, with figures for Oct 1924 and Nov 7 week end.

Irving Fisher Houghton, Mifflin & Co Pollak Foundation For Economic Research Newton &3 Dun War Industries Board

Trade balance larger as U S imports surge in gold market

The Federal Reserve Board reports that the United States ran a large net import surplus in orders for gold, with imports about 23 million dollars higher than exports for the month. The excess marks a reversal from May to September when the balance was 2.56 million dollars in favor of the United States.

Washington Economista London Trea Federal Serve Board

Also Mentioned on This Page

Fairfield W. H. Moffitt SRD ST Noble Bullard'a Black Rock Turmen Ahlad Ave Mit Burgatis Rees Florida Orland St Steples Catherine St Altogethen SY Park Yansick Barnum Ave Ond Saint Vincents Hospital Stratford Howard Ave Savage Renta Cottag Garare Call Stratt Sun Miller Summer ST Anthony Thomas Fairfield Ave Bray Soma Improvements Orange St Stratford Center Eacsice Sutton Ave Stra rroRe Tae Barnum Sy Etford Ratford Stratford Certer St Augustine’s Church Laurel Ave Dear Park Colorado Ave Tel Noble Liberty St Good Aide P Schultze Park Pace Middletown Anthony M Clestate John Smith Harvard Bredhmont Avenue Parks Cemetery Charles L. Dennis State St Gallagher & Gallagher Undertakers Fairfield Ava Barnum Oruarriss Rveses Mourt Commerce Commission Wall Street News Yale and Towne Stamford Company NEW Ocean Service State of Concenticut Irving Fisher’s Weekly Index Tzs Fidelity Loan Corp. Cor Idt Sahm Eas East United Loan Corp Plumbing W. d. Wade Hawley Ave
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