Wall Street Optimism Faces High Money Rate Pressure
Wall Street stays hopeful stock gains despite a 10 percent money rate late session. Rails lead with Baltimore & Ohio and Union Pacific showing strength amid inflation worries. Investors expect Fed action to curb profiteering in money rates, betting on a stronger market as concerns over strikes and ship company indictments fade.
MENTIONED IN THIS ARTICLE
Boardan Walt
New York
Ratiewal
Waldorfersod
Brooklyn
Federal Reserve
Wall Street
Federal Reserve Board
Marier
Baltimore & Ohio
Statis
Lidges
Union Pacific
Southern
Erleast
Market Clamor With Mixed Signals In Commodities
Government protests ABNINSL Inv 48 as unfair. Sinclair oil stock trading amid accumulation ban and scattered ownership. Gold transfers to America and loan plans discussed. Motors oils chemicals and transport equipment show bearish moves while railway shares wobble. Total par value sales reach 7,179,000 dollars.
MENTIONED IN THIS ARTICLE
Sinclair
Lankera
Rene
America
DUC Mande
Railroad Earnings Showing Decrease
Washington Aug 30 railroads operated at a deficit in May with net operating revenue of 13 455 872 compared with 39 340 210 in May 1919. gross operating income rose over May 1919 by 42 000 000 yet expenses jumped 30 000 000. For the first five months of 1929 revenue fell by over 90 000 000 from the prior year.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Statistics
Interstate Commerce Commission
Iid
Metal Markt copper and tin prices in New York report
Metals market update from New York shows copper nominal spot and third quarter around 50 to 91 dollars for No 1 northern, 48 to 44 for No 2 northern, and 43 to 46 for No 2 Southern. Tin at 46.50 spot with futures 46.75, antimony at 7.26. Lead steady at 3.00, zinc nominal with St. Louis delivery at 5.00 to 16.
MENTIONED IN THIS ARTICLE
New York
St. Louis
Bankruptcy Petition Filed by Nick Gianvitua in T. & Court
Nick Gianvitua of Stemford files two bankruptcy petitions in the local court. He lists small assets and debts totaling 1,249 dollars. The only local creditor is Huber Ice Cream Company with a bill of 23,80 dollars.
MENTIONED IN THIS ARTICLE
Nick Gianvitua
Stemford
T. & Court
Huber Ioe Cream Company Ja
Average Stock Prices and Weekly Change
Market data shows average stock prices with a Saturday reading at 8 percent. Comparisons include positions from a week ago and a year ago, reflecting shifts across the market.
Bridgeport Local Wholesale Market Report
Supplies were normal on the Plaza market yesterday with fruit and vegetables showing mixed demand. Notable prices included sweet corn at 2.50 per ten cars, potatoes 1.24 per bushel, and lettuce scarce and higher. poultry dairy and meat products firm with slow beef demand.
MENTIONED IN THIS ARTICLE
New York
Tle
Sensational Break in Cotton Market Pushes Prices Down
In New York on August 20, the cotton market saw a sharp drop with most active months 200 points below Saturday's close, December at 25.80 from 27.96 top. General decline 155 to 200 points, bearish sentiment resurges as short interest covers rallies, demand for goods and spot cotton remains weak. Exports tally 148,782 so far this season. port receipts 3,440. U.S. port stocks 705,358.
MENTIONED IN THIS ARTICLE
New York
Catton
U.S
Coffee futures rise on demand and embargo relief talks
In New York trading coffee futures showed early buying for Brazilian or European accounts as Hamburg petitioned the government to lift import embargoes. The market opened 17 to 22 points higher but faced selling, easing after reports of a softer turn in settlements. Closing bids ranged with September at 10, October 40, December 75, January 95, March 93, May at July 79. Spot coffee was reported in moderate demand.
MENTIONED IN THIS ARTICLE
New York
Coffee Exchange
Hamburg
Realty records endows multiple deeds and leases in Bridgeport
Real estate deeds show numerous transfers on 60 to 80 foot lots along Hancock Cedar and Wood avenues with buyers including Dessureau Arnold Istovits and Moller firms. several quit claim and lease arrangements noted including properties on Lincoln Beechwood Fairfield Garfield and Golden Rod avenues. Leases list 3 year and 5 year terms for commercial spaces on Water Street Main Street and Fairfield Avenue.
MENTIONED IN THIS ARTICLE
Dessureau
Frances M. Arnold
Lorraine Street
Ious J
Thomism
G. Couveras
Capital Avenue
Tynatz
Tessie Istovits
Gasper
Ketherlman Ruhn
Hancock Avenue
Felix Rometsch
William Hi Rometsch
Thermo Street
Bridgeport F Hydraulic Company
Side Water Oil Company
Bostwick Avenue
Cedar Creek
Joseph Barratt
Ines I
Mitchell
Beechwood Avenue
John Olson
United Bome Builders’ Corporation
Golden Rod Avenue
Enett W. Peek
Willam H
Julia Campbell
State Street
Joseph
Anna Y. Moller
Theresa Fazekos
Bernard B. Brady
Joseph J. Cummings
Lincoln Avenue
John J. Doyle
Joseph St. Cummings
Albert
J. Middlebrook
Grace Tacchelli
Adele Leneet
Caroling Street
Hastern Construction Company
United Home Builders’ Corporation
Garfield Avenue
Charles Grimwood
Warturge Litchenberger
Lee Avenue
Susan S. Neuron
Susan Hart
Bishop Avenue
Mortraze Deeds
Adela Lencet
Nicola Tacobelli
Caroline Street
Ferdinand C. Fox
Mary Duescan
Fairfield Avenue
John R. Woodhull
Loova-Wiiea Biscuit Company
Water Street
Willam
Rose Handelman
Harry W. Doniger
Moving Picture Theatre
Main Street
Annie L. Bishor
Western Union Telegraph Company
Storo and Cella
Conspiracy Charges Against Major Steamer Lines
New York Aug 20 Forty two steamship companies and freight brokers including virtually all trans Atlantic lines were indicted by the federal grand jury on charges of conspiracy to restrain trade in violation of the Sherman anti trust law. The indictments name the International Merchant Marine Alliance Transport Cunard Line and other firms with directors of the Steamship Freight Brokers Association. Allegations state that since January 2 1947 they conspired to restrain interstate and foreign commerce in grain oil lumber coal and other commodities across United States and foreign markets.
MENTIONED IN THIS ARTICLE
New York
Bip
trans-Atlantic
Federal Grand Jury
Chalogea
International Merchant To Marine
Allance Transport
Cunard Steamship Dominames, Ltd
Anchosling
Badu
American Shipping Corporation
Compagnie Ceneraly Transatlanti_ghe
Kerr
Grain prices edge down on weak export demand
Chicago grain markets ease as export demand remains slow. Wheat futures fall with December at 2.02 and March 2.29, corn off 11 to 4 cents, oats down 8 to 3 4, and provisions slight declines.
MENTIONED IN THIS ARTICLE
Chicago
New York Cotton Market Quiet As Prices Ease
NEW YORK August 10 Cotton moods were quiet with prices easing in the dry goods market here today. Yarns were lower and inactive but l appers in better demand silks quiet and won goods unchanged.
MENTIONED IN THIS ARTICLE
New- York
Liberty Bonds Reported Rates and Divisions
A fragmented notice outlines Liberty Bonds figures including first, second, third, and fourth allocations with varying amounts listed for each division. It cites amounts such as 84.70 and 34.48 associated with bond portions, plus a label Victory-3.
Foreign exchange rates in New York steady on May 30
The New York foreign exchange market remained steady with 2 day sterling bills at 3.40 a dollar and cables at 3.06. Francs quoted at 6.00 demand and 6.92 on cables, Guilders at 3.20% demand and 3.20 on cables, Lire around 4.61 and 4.63, Mark at 2.00 demand and 2.02 on cables. Banks show varied figures for 60 day bills and commercial terms.
MENTIONED IN THIS ARTICLE
New York
Cn- Nes
New York Exchange
Clearing House State Acont Exchangers Report
Clearing house exchange totals show 8,473,598 balances and subtreasure credit balance of 87,688,025, with federal reserve bank credit balances at 82,874,998, as of August 30 in New York. The figures reflect interbank balances and reserve lending positions.
MENTIONED IN THIS ARTICLE
New York
Clearing House
Federal Reserve
New York Market Notes Tide Butter and Produce Prices
New York reports unsettled butter with receipts at 19 552. Creamery butter higher than extras, various grades priced. Eggs barely steady, fresh gathered prices listed. Potatoes, raw sugar, flour, wheat and oats noted with mixed shifts. Pork and lard prices show steady to firm ranges across districts.
MENTIONED IN THIS ARTICLE
New York
State
Penna
Tong Island
Bel
Jersey
Kansas
Alendy
Middle West
Paper merger denial from International Paper president
Philip Jr. Dodse, president of International Paper Company, today authorized a statement denying reports that his company was party to a proposed merger of paper and pulp interests in Canada The denial comes after speculation in the press about cross border consolidation plans and mergers within the industry.
MENTIONED IN THIS ARTICLE
New York
Philip Jr. Dodse
Interrut|onal Paper Company
Canada
Also Mentioned on This Page
Missouri Pacific Preferred
Texna & Paglia
St. Louis & Southwestern
St. Paul
Yo Atock
New York Stock Exchange
Ais
Atlantiec Gulf & West Indies Company
Mexico
THE
City National Bank
Commer Main & Bank Streets
Metal Markt
Waring Hat (Manufacturing Corporation of
Yonkers, N.Y
William ¥. Campbell
Waring Hat Manufacturing Corporation
United States
Detroit Stock Exchange
Standard
Merrill, Lynch & Co
Broadway
cHiaco
la Salle Streat
Detroit
Denver
Los Angeles
Poncbacot
Gan & Electric Bulla
van Nuys
As Securities
Salen
Inter Harventer
Inter
Amer Cotton O
Maxwell M
T&s
Atlante
Bay
Bridwin Losom
Baltimore & Aoe
Norfote
Baesett Com
Norther
Bethlehem
Bernini Bi
Pennsylvania
Brooklyn Tap
Peonica. Gra
Lehor & Sane
Baty
Shell Tran & Tt
Mts
Rock S & P
Southern Kelby
Chino
Conger
Stromberg Cara
Studebater
Paci Ie
Atu
Third Avenue
Delawars
General Motors
TS Steel
North Pt
Abs ii
WS Steel
Great’Nor
Ctty A Ag
Uv Sa
Tilinais Central
Vanadium Corp
Western Union
Westinghange
Interbor
Bridgeport
Agricultural Market Service
Derds
Morris &. Beardsley
Alice Dion
Read Street
John H. Greenwood
Thomas Arnold
J. J. Murphy
Cannon Etreat
Joseph P. Ryan
Margaret Reddy
Noble Avenue
William H. Rometsch
Feliz Rometsch
Therme Street
Tarokos
Joseph C
Anna V. Moller
Sherwood Avenue
Theresa
Fazebos
Io City Savings Bank
Wood Avenue
Mayer
Kate Shonck
Bernard Greenstein
Besham Avenue
Giuseppe and
Domenica Vazzang
North End Bank and Truat Company
Huldn
Carl Paterson
Golden Rad
Coods
Otter Watit
James Staples
William R. Bull
Clearing House State Acont
TAH Liberty
Main St
Ain St
Merguor
Co. eOe
Pees Ewe AO
Equitable: Industrial,“ Loan Society, Inc
Fatrfield Ave
Fiost
Connecticut
Supergiala
Arena Deeate
A. IM. Wooster
Omerty Examiner
U. 5
Mun
Conn
E. of
Baummon
Listeners & ‘Trust
Fearne Bras
Brigseport
WAR Department
Bridgeport Ordnance Salvage Board
Blount and
Hand, Speed and
Timret
Bliss
Prentice and Garvin
Ordnance District Office
Bridgeport District Ordnance Salvage Board
Boston & Seaview Aves
Noble
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