Stock Market Opens Firm but Shows Relapse at Mid-Day
New York markets opened strong amid holiday liquidity but drifted mid day as bear raids and rate shifts unsettled traders. Major industrials hit new highs, rails fell, and volume surpassed 3 million shares. Steel and crude runs boosted gains while freight traffic weakness tempered railroad stocks.
Bank and Insurance Stock Quotations
Bank and Insurance stock quotations furnished by Bankers Capital list current prices and changes for leading banks and insurance firms. The brief table highlights notable movers and market activity in the sector.
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Bankers Capital
New York Produce Prices and Receipts Report
New York December 21 reports from Associated Press show eggs receipts 11,052 with Pacific coast whites extras at 53 4 64 and firsts to extra firsts at 50 4 52. Potatoes dull with 57 car receipts. Long Island bulk 180 lb at 4.00 to 4.15. Cabbages dull in New York Danish white bulk per ton 414.00 to 418. Butter firm with 10,366 receipts.
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New York
Associated Prec
Pacific Coast
Long Island
Green Mountain
Maine
Grain prices at Chicago open with mixed early bids
Opening grain prices in Chicago report no sales for wheat, corn mixed with No 3 at 83 1 4 to 85, old No 2 yellow at 88 1 2, oats 56 1 2, rye 108 1 2, barley 86 62, timothy 8.75, cloverseed 22.00-22.95. Wheat closed unsettled, corn varied 1 4 to 1 2, oats 1 8 to 1 4 off, provisions up to 120 with gains and declines noted.
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Chicago
Associated Press
Timothy
Wall Street Notes Wide Christmas Sale Rise at Woolworths
New York Dec 21 By Associated Press Christmas business at F W Woolworth Co is reported at a record $44,000,000 for December, about $3,000,000 above last year with executives noting fast moving merchandise. 1927 sales are pegged near $273,000,000, a new high and $20,000,000 more than 1926. Directors and corporate moves are listed for Otis Steel Simms Petroleum Goodyear Sears Roebuck and other firms as major board changes and mergers unfold.
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New York
Associated Press
F. W. Woolworth Company
Stock Averages By Associated Press
Stock Market Averages report from the Associated Press notes overall movements in market indices. The brief outlines daily changes, with emphasis on key measures and notable shifts affecting investors and financial markets.
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Associated Press
Cotton futures close lower with mixed front months
Cotton futures finished easy across the board with declines from 5 to 22 points. December at 15.02, January 18.98, March 19.17 to 19.20, May 19.30 to 19.32, and July 19.25 to 19.27. Spot market quiet with middling at 10.55.
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W York
iBy Associated Press
Volume of Business Shows Signs of Recovery in 1928
The Cambridge Associator index indicates activity levels above the 1920-42 average amid lower price influence, with December readings easing but not sharply. Experts anticipate improvement with the new year as several industries expand and food supplies remain affordable, boosting production and prices.
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United States
Cambridge Associator
New Liens Signal Irregular Bond Market Activity
New liens appear to disrupt the bond market as investors anticipate end of year rates. Demand remains strong with over subscriptions in Peru’s 50 million loan and Sinclair Oil’s 42 million issue. Upcoming issues include New York, New Haven and Hartford bonds. Prices show only modest changes in rails and copper issues amid rumors of international credit stabilizing, with Treasury 93-45 trading around 107 27 32.
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New York
Associated Press
Sinclair
New ‘York
New Haven
Hartford
Andes
Sulian
Treasury
Edward J. Pearson
New York, New Haven and Hartford Railroad Company
Boston Railroad Holding Company
Boston & Maine Railroad
Liberty Bond Prices From New York Market Summary
Liberty bonds close with small gains and varied yields across series. Notable quotes: Liberty 3 1 24 at 101.30, Liberty first 4 1 49 at 103.10, Treasury 4s at 115.24, Treasury 4 1-48 at 115.24, and Treasury 3 R-48 at 107.37.
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New York
Associe Press
Liberty
Treasury
Realty Deeds and Transfers Listed in Local Records
Realty records show multiple warranty deeds including Albert E. Smith to Miia Vin for Dover street. Arthur Feel to William J. Moreland for Salem and Main. Cornelia Penfield Lathrop to Carl Anderson for Beacon street. William W. Beardsley to Margaret J. Shanley for Pasadena place. Bernard J. Daly to Anthony Wesoekd for Oakwood street. Mina Vincent to Albert E. Smith et al for Dover street totaling $2,990. Bridgeport bank and savings transfers include McDermott to Bridgeport People's Savings Bank for Englewood avenue $3,500. Shanley to Mechanics and Farmers Savings Bank for Pasadena place $4,000. Wyscexi to Daly for two Oakwood pieces $1,300. Quit Claim: Jennings to Bridgeport Land and Title. Cattabino to Cattabino.
MENTIONED IN THIS ARTICLE
Albert E. Smith
Miia Vin
Dover Street
Arthur Feel
William J. Moreland
Salem
Main Streets
Cornelia Penfield Lathrop
Carl Anderson
Beacon Street
William W. Beardsley
Margaret J. Shanley
Pasadena Place
Bernard J. Daly
Anthony Wesoekd
Oakwood Street
Ana
Mina Vincent
George McDermott
Bridgeport People's Savings Bank
Englewood Avenue
Mechanics and Farmers Savings Bank
Anthony Wyscexi
Bernard 3. Daly
George P. Jennings
Bridgeport Land and Title Company
Giovanni Cattabino
Antonetta Cattabino
Foreign exchange rates listed in New York report
Foreign exchange quotations from New York show cents figures for Britain 487 13 16, cables 488 11 32. France demand 9.93 9 16, cables 4.83 19 14. Belgium 13.98 1 2. Germany 23.88. Norway 26.61. Sweden 27.00 1 2. Denmark 26.81 1 2. Switzerland 19.34. Spain 14.58. Greece 1.23. Poland 11.25. Czecho Slovakia 2.96 3 4. Jugoslavia 1.76 1 4. Austria 14.10. Romania 42 1 8. Argentina 42.71. Brazil 12. Tokyo 48 23. Shanghai .37 1 2. Montreal 9.05 15 16.
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Metals News Bulletin Shows Mixed Copper Tin Lead Prices
Copper futures range 14.00 to 14.12 per unit with nearby tin steady around 93.97 and later 52.72 for February. Lead shows strength with steady prices near 6.50 and 6.20 in futures markets. Antimony and related notes mention spot activity and uncertainties in metal pricing.
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New York
Der
Associated Dress
Spub Ain
Tran Stenthy
United
Stearty
Apet
Louie
Artimony Ytle
Spot
Money market briefing from New York exchange notes
New York money market reports steady business with high 4 1 2 and low 1 1 2 bid declines. Ruling rate stays at 4. Time loans firm for 60 to 90 days at 41 1 B and 4 to 8 months at 4 1 4. Mixed collateral levels persist with prime mercantile paper around 33 44.
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New York
Dev
Yehk
Cal
Money Farmer
Prime Mercantile
Rubber Prices Steady In New York Trade
Rubber closed steady with January at 40.80, March 41.46 and May 42.60 as trading continued in New York markets on December 21.
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New York
Associated Press
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