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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Apr 01, 1925
Page
17
New York, March 91. Following today's closing lists of stock transactions on the New York Stock Exchange, total sales reached 1,964,400 shares against 1,672,600. May wheat rallied and bonds rose, signaling a broad market rebound after earlier declines.
In New York on March 21 U, Liberty bonds posted several price points with bids. Liberty 3 1-28 traded at 102.9, first 45 at 103.10 bid, and second 4s at 100.20 bid. Additional Liberty lines showed 4s and 4 1-48 readings around 101. to 191.29, along with Treasury 4a at 100.25 and Treasury 4 1-4m at 104.22.
New York March 21 Bond prices fluctuated erratically with tends upward as investors eyed a stronger money market and improving sentiment. Foreign and domestic issues drew attention with a Baltimore and Ohio offering of 44 million in five percent bonds, priced at 98 with exchange options, part of a 1923 refunding program. Public offerings and reorganizations in Pan-American Petroleum and Western Packing were anticipated.
In New York, March 21, copper shows ease with electrolytic spot and futures down 0.13. Tin, zinc, lead move sluggishly with prices largely steady. antimony quoted near 14.25 as markets reflect mixed demand and supply dynamics.
Cotton prices in New York futures showed small gains and steady action. May traded around 24.54 to 24.58, July near 24.89 to 24.85, and December around 21.25 to 24.27 amid a cautious trading session.
New York March 31 stock trading saw a broad recovery despite a sharp wheat decline and a 4 4 percent call money renewal rate. Heavy buying by influential interests lifted many issues. Standard Oil and Texas Gulf Sulphur led gains amid rising short-covering. Steel, radio, and motors shares rallied as earnings outlooks improved, while Macy and Gulf Coal faced selling pressures. Wheat and cotton prices fluctuated, with May wheat dipping but closing near Monday’s level.
Lashar a Bridgeport manufacturer and New Haven road director hailed New England as the leader in wool processing and cotton alternatives. French investors plan to build plants near Fall River, betting millions on local talent to boost regional industry.
City National Bank grants the Library Board an extension to remove the Central Library from the Main and John Streets site. Delays in acquiring new property on State and Broad streets require more time before demolition for a new library at Broad and State. The Arcade passage from Main to Broad has been blocked, with the Cannon street outlet used temporarily, while operations at the D. M. Read store continue. Business in the Arcade remains uninterrupted.
February barometers show higher output in basic commodities and manufactured goods, with trade above January but below February 1924 levels. Prices remained near January, commercial failures and stability worsened vs January yet improved from February 1924. United States Commerce data compare February 1925 and earlier months, highlighting steel orders and retail store sales metrics.
In Righmonds Virginia on March 34, Chesapeake and Ohio stockholders voted 506542 to 152318 to merge with Nickel Plate, ending a long night of proxy counting. Minority leaders alleged fraud while court action delays final lease approval pending Judge Moncure’s ruling. A separate ratification of the Hocking Valley lease followed the same tally.
In New York on March 31 an involuntary bankruptcy petition was filed in federal court against Alex Ho Low and Marry Low, trading as Low Brothers. Liabilities are about 590 400 with assets near 20 000. Earlier the day the firm was suspended from the New York Curb Market for failure to meet obligations. Three creditors filed petitions with claims totaling 7 740. Ten receivers were appointed at 25.00 per diem.
CURB MARKET NEW YORK March 31 Failure of Low Brothers unsettled trading briefly but buyers returned and prices recovered with many popular shares higher. Royal Canadian Oil fell from 6 1/2 to 11 8 with over 50 000 shares traded. Vacuum Prairie Pipe and Anglo American rose about a point. Standard Oil of Kansas slid to 25 9/10 then rallied to 82. Coal stocks faced continued liquidation amid anthracite price cuts and labor troubles. Glen Alden dropped 8 points to 12 1/1 and Lehigh Valley coal certificates closed around 43 9/1 after a new 1925 low. Goodyear and Hazeltine led gains while Freed Eisemann and Liberty Chain showed notable activity.
Irregular quotations across major currencies. Britain's demand 477 3-8 and cables 447 3-4. France shows usable and daily demands around 4.12 with emblems at 4.12. Holland 39.80, Norway 15.73, Sweden 26.93, Denmark 18.27, Switzerland 19.28, Spain 14.27, Greece 1.58 3-4, Yugoslavia 1.6, Austria 41-4, Roumania .46, Argentina 38.65, Brazil 10.85, Turkey 41, Shanghai, Montreal 99 15-16.
Fragmentary financial notice from Money New York discusses Marely Colt figures and raising prices. Mentions closing values and potential bailateral terms. Reads as partial ticker style notes with illegible phrases and uncertain dates. Entities are uncertain due to damaged text.
Minneapolis dispatch reports flour prices dropping to year's lows as wheat quotations fell yesterday. Best patent flour quoted four to eighty four cents per barrel lower than the day before, with barrel prices ranging from 81 10 to 81 93 in carload lots.
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