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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Dec 01, 1927
Page
24
New York stock market advances with broad gains led by General Motors and Montgomery Ward as index levels hit record highs. Strong betting on Ford-related earnings and several large holdings boosted prices amid steady money rates and mixed commodity movements.
A brief notice invites readers to request a copy of the December bulletin detailing interesting comparisons among core and dependent industries. It highlights a group of selected industries offered for consideration and emphasizes broader improvement opportunities.
A fragmented roster lists Hemphill and Noyes among New York stock and city savings bank affiliates. Entries mention Bridgeport, New York, and multiple cities including Pittsburgh Baltimore Scranton with various contact cues. The text appears as a stray OCR fragment of financial professionals and offices.
Warranty deeds record transfers from Lorenzo Di Battista to William C Luthy on Wheeler Avenue Agnes Krushewski to Katie Stech on Woodlawn and Bolk Morris Schnee to Joseph Marehio on Read Street George F Wheeler to Sigrid P Carl Ron on Hawley and Lind Ley Streets Michael Robstock to Milnlero et al on Pembroke Street Warner Brothers to Warner Brothers Realty on Lafayette Street Portsaige Deeds James C Jorgenson et al to Jean ette Anderson on Ckeler Avenue Joseph Cilenik to Italian Credit Association on Holly Street Anthony Papalia to Mechanics and Farmers Bank on Beechmont Avenue Morris Smith et al to Columbus Finance Corporation on Connecticut and Union Avenues John Roman to John Novak Vincent Troll to Mary Troll Bridgeport Land and Title Company to Grace R Pratt Bridgeport Trust Company to Glia B French
Bond and stock market averages are listed with rail and utility groups, year and month figures, and total bond and stock sales. Ex-dividend notes appear for selected issues, with highs and lows from 1927 and notable par value totals.
Violent swings in high priced issues pushed curb market prices to fresh peaks with over a score of stocks hitting record highs. Total curb seats rose 6,000 to 65,000 amid profit taking. Ford Motors of Canada rose to 725 then 800, Tu bize Art Silk jumped to 499 then 132 3-B amid dividend rumors. Several names reached year or longer highs including Allisul Drug, Amoskeag, and International Utilities A. Celanese, Firestone, and Pittsburgh Plate Glass posted substantial gains on higher crude production news.
List of issued patents and design registrations from Connecticut firms and inventors. Names include Monroe Guett Hart & Hegeman Hartford toy telephone William Bean West Haven locomotive smoke box structure clock designs different control temperature mechanisms for Texas company Pomfret De Florez Lula De Florez and others. firms noted: Hart & Hegeman New Haven Clock Company Baird Machine Company and Draper Corporation. marks include Trade-Marks for Bridgewood Wood Finishing Company and Cheney Brothers textiles.
Eye steadier and receipts at 14 559. Nearby hens whites and extras quoted 55 to 64, western hennery whites 48 to 64, Pacific Coast whites 53 to 54, pullets 38 to 40. Butter steady with 6 217 receipts. Potatoes up to 22 carload. Long Island bulk 180 lb greens to 4.15. Maine prices 2.50 to 3.50.
Cotton futures closed steady with small advances across the board. December delivered at 19.11, January 19.11 to 19.12, March 19.32, May 19.60, and July 19.54. Spot price for middling reported at 19.50.
Weather has been favorable for fall outdoor work and building trades keeping demand high. Construction accelerates to finish before winter. agriculture holds steady and industrial areas show similar hiring levels as last month. Textile and meat packing unchanged. iron, steel, and automotive sectors may improve as auto production nears full activity. Map shows strongest gains in western agricultural states and New England.
Bank and Insurance stock quotations furnished by Bankers Capital and American Surety. Bid listings include Bankers Cap. Corp. Bankers Capp. Cot Bankers Financial Trust Bond and Mortgage Guaranty and related firms. Mortgage and guarantee entities named in fragmented text.
Copper firm at 137-8 in electrolytic spot and futures. Tin weaker with spot and nearby at 58-78 and January 58.62. Iron steady. Lead firm in New York at 6.40 and East St Louis at 6.27. Zinc softer in East St Louis at 5.85-5.90. Antimony spot quoted 10.75-10.87.
The daily Treasury statement from Washington shows the general fund balance at 64,22,882.67 dollars. Rubber futures closed easy with contracts for March at 40.90 and May at 41.10.
On December 12 creditors of Axel L Sundberg Stam tora building inspector will meet to pass upon a composition offer he made yesterday. He has liabilities of 21944.25 and assets of 16100. He offers 75 percent cash to labor and material claim holders who have not signed waivers of priority liens. To those signed he offers 6 percent cash and to general creditors with claims of 94583.31 he offers 26 percent in cash.
Aggregate net operating income of the first sixty five railroads to report October earnings totaled 106,326,900, down 4.2 percent from a year earlier, while October gross revenues fell 4.9 percent to 469,008,000. Plans for a 20 to 30 coal company merger in Pittsburgh would rival Pittsburgh Coal Co. if approved. Sears Roebuck forecasts 1927 sales above 290,000,000. American Equitable shareholders vote on raising common stock from 40,000 to 100,000 shares and pay a 40 percent extra cash dividend plus a 50 percent stock dividend. Atlantic Gulf steamship nine months income fell to 165,826, or 1.21 a share on preferred. Kraft Cheese denies merger with Borden. expansion continues. Gold shipping rate cut narrows profit margin for transatlantic shipments. Byrne ends tenure as state bank commissioner. becomes Hartford Trust Co. vice president.
Liberty bonds figures from New York on November 30 show varied prices and yields across multiple issues. Treasury notes and bonds display slight shifts in price, with several entries around 100 to 110 and modest changes in 1- to 4-year maturities.
The report lists call money near Easter with closing bids at 5 and time loans steady across 60 to 90 days and 4 to 6 months. Mixed collateral appears, with prime mercantile paper quoted around 3 to 4 percent.
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