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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Apr 17, 1925
Page
19
Stocks irregular as bonds and foreign exchanges shift. Cast iron pipe stock slumps 13 1 2 points to 165 amid rumors of foreign competition. Steel, rails, oils, and fertilizers show mixed moves while overall market remains uneven but resilient.
New York April 16 Liberty bonds closed with mixed bids on three government issues. Liberty 2s at 101.18, First 4s 101.29 bid, Second 4s 1012 bid. First 4 1 45 at 102.4, Second 4 1 45 at 10110, Third 4 1 45 at 10127, Fourth 4 1 45 at 102.8. Treasury 48 at 101.2 and Treasury 4 l-ds at 105.11.
Strong institutional buying pushed the bond market higher with U S Government issues hitting 1925 highs. Virginia Carolina Chemical and French obligations rallied, while Polish bonds softened after loan syndicate extension. Missouri Pacific refunding bonds to be offered by Kuhn Loeb. proceeds fund redemption and capital expenditures.
Live poultry market nominal with no quotations. Butter prices rise across creamery and farmers markets. milk flats held firm in the Northeast and Wisconsin. Potatoes, beans, dried fruits show varied moves. dressed poultry demand strong for turkeys and chickens. beef firm at family and mess levels, pork steady with nominal ranges.
In New York on April 16 the foreign exchange market steadied with quotations in venta. The report lists demand and cable rates for Great Britain France Italy Belgium Sweden Denmark Switzerland Spain Greece Poland and several other nations along with Tokyo Shanghai Montreal and other centers.
METAL MARKET NEW YORK, April 6. Electrolytic spot and futures 123 8. Tin steady spot 50.50, futures 50.62. Iron and lead steady. Zinc easy. Hast St. Louia spot and futures 6.95 to 7.00. Antimony spot 12.00.
Call money remained steady with a high 8.5 and low 3.125, ruling rate at 3.5, closing bid 3.5 and offerings at 3.75, last loan 2.75. Call loans against acceptances 3, time loans steady with 60 to 99 days at 2.75 to 4.0, 4 to 8 months at 4, prime commercial paper at 3.75 to 4.0.
The American Smelting and Refining company reduced lead price from 8.25 to 8.00 cents per pound in New York on April 16. The move lowers costs for buyers and signals a broader shift in commodity pricing.
Chicago reports a sharp drop in grain prices as May wheat sinks amid weak demand and large selling by holders. Corn and oats follow the trend, while July and September deliveries rise on crop damage notes. Provisions fall with grain stocks, and Liverpool and Duluth cargo news add to the downturn.
COTTON NEW YORK April 16 middling spot 24.45. Putas closed barely steady with 18 to 39 point decline. May 24.20 to 24.31, July 24.65 to 24.68, October 24.40 to 26.41, December 24.40 to ate Sl. January 24.16. WASHINGTON April 1 The daily balance of the United States Treasury was 465 341 067.
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