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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Apr 14, 1925
Page
19
April 13 report shows a complete closing list of today's transactions on the New York Stock Exchange with total sales 801,400, compared to 420,800 yesterday. Stocks firm led by motors reaching new highs while bonds were irregular and cotton rose. Wheat weakened and corn eased in yesterday's trading.
Public utility shares led a higher curb market session with Adirondack Power and Light at a record high of 59, National Power and Light at 230, Southeastern Power and Light up to 63, and American Power and Light near 55, while most active issues in the group rose fractionally. Oils held firm as Smackover field production rose amid heavier gasoline use, and South American issues followed a note on assets of 218 175 dollars. Ford Motors of Canada gained on odd lots, Doehler Lye tasting fell after dividend omission. radios traded very quietly.
New York April 13 opening stock market shows rallying price tendencies led by specialties and motors reaching new peak levels for the year. Maxwell motors rose to 67 1 2 while Nash and Arrow improved, and American Can and United States Steel attract buying. Northwestern rail showed weakness but did not unsettle overall trading.
New York April 13 Bond prices moved within a narrow range as trading slowed. Total daily sales around 7 million reflected waning speculative interest with French bonds lagging on cabinet delays and excess note legislation. Some issues fell to year lows then rebounded, while United States government obligations remained firm as time money rates eased.
The first two months of the year saw chain store sales total 62.5 million dollars, up 15.3 percent from 1924. February indices show grocery chains up 16 percent, five and ten cent stores up 11 percent, drug and magic stores up 2 percent, candy chains up 3 percent, and shoe chains up 1 percent.
New York April 13 A back dividend of 5.25 a share on Montgomery Ward and Co common stock was declared in addition to the regular quarterly payment reducing accumulations to 7 a share It is payable May 1 to stock of record April 20 A similar amount was authorized January 3.
Washington April 3 The Supreme Court ruled that hours of labor in packing houses and other industries cannot be regulated by states through commissions or industrial courts to prevent strikes tied to wage questions, limiting state interference in labor disputes.
METAL MARKET NEW YORK April 13 Copper steady reports spot and futures around 133 8 cents zinc and lead also steady, with spot prices near 8 0 and futures around 15 7. mentions of No 1 northern and southern grades and present market levels across zinc and tin and other base metals in early trading.
In New York on April 18 call money eased with high 4 and low 3 1/2. Ruling rate 4. Closing bid 8 1/2 offered at 3 3/4. Last loan 3 1/2. Debits against new arrears 3 7/2. Time rates steady. Mixed collateral. Commercial paper at 4.
Liberty bonds pricing and bid quotes listed for first through fourth issues with bid and ask levels. Treasury 4s quoted at 100.30 with related notes and warrant figures found among the posting.
New York April 1. Foreign exchange quotes steady across markets with banks reporting various demand levels. Cables and daily bills show mixed results for France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Austria Romania Argentina Brazil Tokyo Shanghai and Montreal amid fluctuating indirect rates.
The daily balance of the United States was 465,229,664 dollars.
Washington April 13 The Agriculture Department reports April 1 cold storage eggs at 1 156 000 cases up from 679 000 a year earlier and 308 000 five years ago. Meat in storage fell to 999 093 000 pounds from 1 193 583 000 last year. poultry at 108 426 000 pounds vs 71 667 000 and 72 632 900 five years ago. Cheese 40 488 000 pounds, butter 10 900 000 pounds.
New York April 13 current cash prices for commercial products show changes from a year ago. The report lists commodities with bid and ask levels, reflecting market conditions across key categories and products. The data provides a snapshot of price movement and relative value compared with last year.
Spot quiet and middling cotton at 24.40 in New York. Futures show slight gains with May at 24.17 and July near 24.50. October and December contracts hover around 24.3 to 24.8 as January sits near 24.14.
Washington April 13 The Supreme Court announced seven new rules and amendments to bankruptcy proceedings covering representation by creditors marshals custodians waiver of share in composition deposits compensation of attorneys receivers trustees fees and expenses and appointments of attorneys for receivers or trustees Also details on auctioneers accountants and appraisers in bankruptcy cases
New York April 14 reports live poultry in good demand and firm prices across varieties. Jive, turkeys, ducks solid. butter and cheese markets firm. milk wholesale price $2.80 per 100 pounds. Potatoes in bulk range easy to firm. sweet potatoes and dried fruits show varied movement.
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