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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Aug 19, 1927
Page
19
In New York trading on August 18 prices moved irregularly as rails led demand while industrials lagged. Rail shares rose on crop movement hopes and dividend outlooks, while bonds and other sectors showed mixed or modest activity amid cautious optimism for fall and winter.
A fragmented ad style notice from The Manufacturer markets land, buildings, and machinery for hollowware production. It mentions tin, galvanized, aluminum, and enameled kitchen utensils and vending machines. The listing appears uncertain about location and terms, but highlights a planned factory setup and related assets.
The daily statement of the U treasury shows Balance general fund at 86 994 702 17 today.
Rubber futures ended steady with Sept 8540, Dec 3500, and March 3q60 while spot ribbed smoked prices traded at 35 1 3 per unit, reflecting narrow shifts amid thin trading and steady demand.
New York August 18 via Associated Press Trading in the curb market showed broad activity with no clear trend. Early gains in some issues gave way to net losses of one to two points, while several chain-store issues advanced on anticipated fall retail strength. Utilities led by American Gas and Electric and Blackstone Valley Gas and Electric rose about two points, and Steel Company of Canada jumped nearly 28 points to close at 154 1/2. Industrial Rayon hit a new high for the year before retreating, while Margay slumped over four points on profit taking. Weakness appeared in Celluloid Preferred, Eastern Rolfing Mills, Celanese, and Davega Inc, ranging from one to over two points.
New York August 18. High grade investment bonds show steady demand as prices plateau with light selling pressure. Many issues retreat marginally from intraday highs while some rail and utility bonds rise to near yearly records. Canadian Pacific and Chesapeake Corporation issues gain, while Brooklyn Union Gas declines. Mexican bonds remain weak.
Call money ease persists with closing bids at 3 1/2 for short times. Loans for 60 00 days show steady mixed collateral while 3 8-4 two 4 6 months sit around 4 1-4. Prime mercantile paper trades near 3 3-4 to 4.
Clearing House in New York reports balances totaling 1,015,000,000 with federal reserve bank credits at 883,000,000 and other credits around 89,000,000 as of August 18.
The market shows steady quotations in cents for major currencies including Great Britain at 485 3-4 with cables 486 1-8, France at 701 7-8 with cables 392 16, Italy at 44 3-4 with cables 640 4, Belgium 1391, Germany 2378, Netherlands 4004 1-4, Norway 2596, Sweden 2682 1-2, Denmark 2677 1-2, Switzerland 1927 3-4, Spain 1691, Greece 190 1-2, Poland 1120, Czechoslovakia 296 1-4, Jugoslavia 176, Portugal 504, Austria 1408 1-2, Roumania 781 1-8, Argentina 4262 1-2, Brazil 1181, Tokyo 4737 1-2, Shanghai 6060, Montreal 9993 3-4.
Providence R I August 18 Associated Press notices posted at the BBE and R Knight corporations grant mill in this city and the Centerville Royal and Natick mills in the Pawtuxet valley say the mills will close Saturday at noon and not reopen until August 29. Copper tin lead zinc and antimony prices are listed with steady to quiet movement and futures quotes nearby.
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