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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 25, 1919
Page
25
A prominent figure in American railroad circles died today after a brief illness. He was born Charles Toher in 1874 and had strong roots in Parkersburg, West Virginia, with notable ties to rail operations across the region. His death prompts reflections on a career built through decades of service in the industry.
Dividends set at 1 percent per month on a 12 percent annual basis with first payment December 30 to stockholders of record December 15. Monthly checks of 7 percent follow on the 30th for records dated the 18th. An additional 4 percent stock dividend is declared payable January 30, 1820 to stockholders of record January 45, 1920. Treasurer F. L. Sawyer notes Independence, Kansas.
Diversion of export freight from Fre d to Portland Maine or Halifax is expected unless the deadlock from the freight handlers strike here is broken. Shipping in the harbor has diminished since Saturday when workers walked out amid failure of fans with Canadian Pacific rails. An increase of eighteen cents is noted.
Bridport Savings Division of the treasury unveiled an installment plan to purchase Treasury Savings Certificates. Buyers pay $2 weekly at any city bank, receive a punch card, and upon completing payments receive a Treasury Security costing about 384 with a maturity value of 100 within five years, earning roughly four and a half percent interest.
In bankruptcy court no appearance opposed discharge of Emma L. Mahler. A report on discharge will be made. The first meeting of creditors named David Lerner. Robert Mallette appointed trustee with a $100 bond. Dividends of 12 percent were declared in Anna Schiff’s Bridgeport Market case as assets are doubtful and no appraisals were set.
The report lists Liberty Bond prices in New York for series including 3 i ts, 4s, and Victory issues with final figures today. Prices range around 100.08 to 92.40, with yields or notes such as 4.30 and 94.36 noted in the daily update.
Re adjustment of export freight rates affecting thousands of shippers and said to be of prime importance to southern ports and the Mississippi valley, was announced at the general offices of the Southern railroad here today. The new tariff will grant the same rates to southern ports as those enjoyed by New York from territory north of the Ohio river from the Ohio Pennsylvania state line to the Mississippi river, and go into effect to south Atlantic ports December 1 and to gulf ports December 31.
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