Immediate rate cuts eyed by brokers after late market turmoil
New York brokers expect immediate lower interest rates as a market slide ends the day weak after Bethlehem Motors receivership news. Early gains, short-trader elimination, and claims of money tightness give way to selling driven by speculative leaders and a large latter decline in stocks like Consolidated Clear and General Electric.
MENTIONED IN THIS ARTICLE
Hroadan Wall
New York
Mall Street
Bethlehem Motors
Clear
Tron
General Electric
American Sumatra
Wall Street
Rail stock buying noted amid offloading by railroad buyers
In recent days steel shares attract attention as railroad buyers hold off for lower prices. Major interests urge purchases of U S Steel Union Pacific Southern Pacific and Reading as they expect these stocks to lead market strength. Others flag Tobseva as undervalued on the ticker amid mixed industrial conditions and unwieldy unfilled orders. United States Steel 1921 policy looms as a key future business predictor with moderate investment steel and Liberty issues the only notable activity. Total sales reach 9 300 069 dollars.
MENTIONED IN THIS ARTICLE
U-5
Steel
Union Pacific
Southern Pacific
Reading
Srom
United States Steel Corporation
Bridgeport Local Wholesale Market Report Highlights Prices
Produce sold well on the market yesterday with potatoes at 1832 per bushel and native onions bringing 29 percent per bushel. Fruits and vegetables show varied pricing from apples 1.00 to native plums 1.26, green string beans 1.75 to 2.86 per bushel, and tomatoes 60 cents per pound. Poultry and dairy steady. lard and beef prices listed. hay and grain prices noted at the door.
MENTIONED IN THIS ARTICLE
Cripp
New York Butter Market Receipts and Prices Aug 15
Butter arm receipts show creamery extras and firsts with grading notes including 671-4 58 1 and 92 score. Eyes firm receipts total 15 524 for fresh gathered and extra firts with firsts and prices ranging 63 to 69 cents. Pennsylvania and nearby markets report brown and color variations with extras and firsts at 39 to 67 cents.
MENTIONED IN THIS ARTICLE
Niger
State
Pennsylvania
Hennery
Stats
Grain Prices Slip as Demand Falters Across Markets
Chicago grain prices fell today after an early rally, with wheat down half a cent, December at 2.23 1-4, March 2.30, corn off 1 1-4 cents to 2 1-8, and oats mixed. Provisions unchanged to slightly lower, while New York Clearing House reports strong balances and federal reserve credit activity. In Connecticut notices, probate actions and school transportation bids appear, with a special town meeting in Trumbull to discuss voting precincts and highway plans.
MENTIONED IN THIS ARTICLE
Chicago
Tashua
Frumbull
Long Hi
Samuel G. Seeley
Bridgeport
Conn
Trumbull
Yrumbull
Cotton Market Slips Then Recovers Before Report
In New York on Aug 28 cotton prices fluctuated with a late short covering rally ahead of the government report. December futures fell from 28.10 to 24.80 and closed at 25.57 as the general list eased 16 to 0 points amid persistent market volatility. In other items, a tobacco chain firm was placed in receivership over an $8,087 claim and large liabilities, while coal profiteering enforcement was set to broaden with a focus on later developments.
MENTIONED IN THIS ARTICLE
Inter Agricult
Adamaxpress
Imterboro
ANS Chalmers
Inter
Alis Chelm
Amer Beel
Aner Cay
Kennecott
Nh Am Car & F
Lehigh Valley
Ing Amer Cot
Iano Mexican Patrol
New York
an-Am
IP & T
Gulf & Wr L
Pan-Ap & 7i
Lecom Ak
Pennsylvania
Peopley Gas
BNW
Balt & Qhio
Barrett Com
Bethlehem
Railw
Sprie Danae
Bethlehem St
Brooklyn
Renlocle
Go al
St Rous
Pacif
FBI
Central Leather
Chesapeake
Sinclair
Southern
Booth Ruathy
Southern Rallw
Nino Capper
Studebaker
Gol Fuel & I
Koon
Texas
Packtic
Colunthia Graph
SCD
Texas Company
Consel_Tex Co
Bosg
Crnella
Union Prichfie
Tis
General Motors Ao
Steefe
Stent m Son
Toracesco
Mayer
Henry F. Wolf
Ruddinger, Burkergan and Levy Company, Inc
New Jersey
Massachusetts
New Jersey Tobacco Company
Washington
Department of Jus
Liberty bond closing prices and yields in New York
Liberty bonds closed with e1 2s at 89.92 and First 4s at 84.62. Second 4s 84.86, First 4 1 4s 38, Second 4 84.52, Third 144 8, Fourth 4 1-4s 04, Victory 33, Victory 4.
MENTIONED IN THIS ARTICLE
New York
Liberty Bonds
Remington Buys Union Metallic
Remington Arms Co Inc announces the acquisition of Union Metallic, with all assets and liabilities absorbed. A preliminary dissolution certificate has been filed in Hartford, and creditors are urged to present claims to Remington Arms Co Inc at 339 Barnum Avenue. The company will continue business as before.
MENTIONED IN THIS ARTICLE
Fellowcraft Association of Corinthian Lodge
Orville T
Neubalbe
Connecticut
District OF Bridgeport
Martha Woobster
Bridgeport
Eald Distek
Hemington Arms-Union Metallic Careriuge Co, Inc
Hartford
Remington Arms Co. Inc
Barnum Avenus
Remington Arms Co
Remington Arma-U. M. C. Co
Coffee futures edge up on Brazil reports at New York market
Trading opened with further liquidation of September contracts and little pressure overall. Prices firmed late on reports of lower Brazilian harvest activity, with September at 7.80 cents, October 3.07, December 8.60, January 8.78, March 9.15, May 9.85, July 2.80. Spot prices not plainly dull. range noted 81-4.
MENTIONED IN THIS ARTICLE
New York
2Ormer Tong
Brazil
Rin
Receiver Appointed for Bethlehem Motors Corp
Federal Judge Dickinson appointed a receiver for Bethlehem Motors, with plants in Allentown and Pottstown, Pa. The company’s difficulties are blamed on insufficient working capital and cash shortages.
MENTIONED IN THIS ARTICLE
Philadelphia
Dickinson
Bethlehem Motors Corporation
Allentown
Pottetown
Dry Goods Market Report for New York Aug 26
Cotton foods were quiet with prices steady. Yarns declined while knit goods showed slight activity. Wool goods remained very quiet. Silk at first hands saw a touch more business.
MENTIONED IN THIS ARTICLE
New York
Nine Per Cent Interest Rate Drives Time Loans Upward
New York Aug 25 reports reveal lenders demanding nine percent for time loans amid aggressive collateral requirements. An industrial magnate seeking funding faced strict terms and pledged railroad notes and Standard Oil certificates as security. The episode illustrates the high interest environment energizing large loans tied to efforts to boost American industry and production.
MENTIONED IN THIS ARTICLE
Holland
New York
H. Rogers
Indorss Parsanaly
Sddivion
Fundé
Rogera
Rogers
Joan Transaclona
Enormors
Joana
Jonas Nara
Banka
Also Mentioned on This Page
Lipon
Wall Wired
New York Stock Exchange
W Street
Frank A. Vanderlip
Vanderlip
America
Atlantic Gulf & West Indies
Atlantic Gulf
Corte
Eworth
School of
Northeastern College
New England Young Men’s Christian Association
Main St
Telephone
Barnum
Factory Help
Union Metallic Cartridge
and Co
Bridgeport Brass CO
Zocomolvile CO
Bluton, Machine Tool CO
Housa
Tonlo Ave
Otfics
Asso
State ST
Agricultural Market Service
Clearing House
ESA
George HS Short
Stirlton
Linee
Beach
Belectmon
Huwthrone Lodge
D. C
Hia
She Chie
Mra. A
Hoge
Corman
James Staples
Private Bankers
State Street
First Bridgeport National Bank
Remington
Union Metallic
H. Roge
Bridseport
Wilte
Batt
Morris & Company
Nelson Morris
Messrs. Mayer, Meyer
Austrian and
Plath
Continental and Commercial Trust and Savings Bank
Halsey, Stuart & Co
Suectsgors
N. W
F. S. Moseley & Co
Boston
the Merchants Loan & Trust Co
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