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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Oct 21, 1922
Page
21
Washington reports officers believe torpedo planes will redefine battles by sowing fleet confusion. The piece outlines development from 1920 onward, details squadron activity, and notes expected two-stage battles where air fleets lead and ships follow, with Lieutenant Commander H T Bartlett praised for leadership.
Berlin circles react to the resignation of Prime Minister Lloyd George and the British cabinet. Morning papers warn Britain’s future and policy are vital to Germany, amid widespread perturbation and anxious anticipation of further developments.
New York stock market activity shows a technical reaction rather than Lloyd George ministry influence as brokers note gains in Mexican Petroleum Standard Oil of California strength from a new well and Reading Up free rises with railroad peers. Copper shares rise modestly while Marine and American International slide with overall volume 1,102,000 shares and rates firming for commercial paper and sterling.
Produce price guidance urges housekeepers to monitor wholesale trends for retail adjustments. Agricultural reports show vegetables easing, with potatoes and onions down from last year while prices for apples, cabbage, and peas fluctuate. Wartime era market notes list wholesale prices for common items, indicating broad declines and occasional upticks in certain goods.
A noisy listing of property transfers and quit claim deeds names buyers sellers and locations in Bridgeport including Silvermatt Aighey Bromwell Street Main Street Stratford Avenue and Trumbull Avenue with prices ranging from 600 to 10 000. Transactions involve The First National Bank of Bridgeport Bridgeport Savings and Loan and local trustees and mortgage agencies.
New York reports a firmer butter market with higher prices for cheese and furmery extrus. Fresh extrus Cheéee show gains while the average run at 25 ge and lower trades 3 22 indicate overall market firmness. Prices like 46 48e for cr furmery extrus and 47 9e for other items reflect the current demand.
Lee Keedick of Naw York City purchases Stonehedge in Weston through Frank Wiles of Greens Farms. The deal includes multiple properties on Compo Street and Strawberry Mill Road with an approximate total price of $45,000. Other transfers involve L C Brown of New York and Edmund C. Champion of Elizabeth, plus property of D F Ma Gacks in Norwalk.
Germany reduced beer exports as war-time prohibitions linger. Only 279,000 beetoliters shipped in the first half of the year, with total exports near 558,000 beetoliters, far below prewar levels. Major buyers included Belgium, Switzerland, France, the United States, Britain, and Austria-Hungary, while supply constraints and barley shortages hindered production.
A amicable agreement ended the Warner Brothers Dorset dispute with about 40 striking workers returning to their jobs on the same terms as before. John Field, a company official, said the workers came back and resumed work without changes to their prior conditions.
Copper and tin prices show mixed trading as futures hover near 84.87 with spot around 650. Lead and antimony steady to firmer while near term delivery and market quotes remain unclear due to fragmented OCR text.
Washington officials report a 76 percent surge in customs receipts in the first 19 days after the new tariff law took effect on Sept 22. Totals from Sept 22 to Oct 13 reached about 30.81 million, vastly higher than the prior tariff period, with daily averages exceeding 1.8 million. Supporters say the law could yield over 500 million annually, while opponents warn higher duties will raise prices and invite retaliatory barriers reducing exports.
New York curb market shows varied daily action with iron and oil issues moving gains. Leaders like Lorex and Southern Oil rise on banking interest signals while Standard Oils weaken. wheat futures rally on war-related demand and dividend notes reflect mild cash flow.
Market notes from Chicago show wheat and corn futures fluctuating as December near-term declines meet May gains. Weakness in spreads dampened by lifting eastern demand and limited new supplies, with transportation snags and congestion at Buffalo easing slightly.
Call money in New York steadied with tighter rates as banks offered lower bids while last loan terms remained around four percent. Traders noted accepting advances against acceptances aided liquidity, though demand varied among institutions.
Oct 20 Dus report notes mixed business conditions with continued irregularities in demand and rising wholesale market strength. Production resumes after coal and railroad labor issues, but shipments are hampered by transportation drawbacks and weak bank clearings totaling 315 400 669.
New York Oct 25 bond market shows foreign issues mixed while domestic liens slip. Railroad group moves up with Baltimore & Ohio up 1k points and Pennsylvania Consolidated rising, while Chicago & Erie and several others retreat. Some weak spots include Texas & Pacific and New Orleans Texas & Mexico.
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