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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Dec 23, 1926
Page
21
The market showed a net decline and irregular price movement before the holiday close. Traders noted limited large-scale activity with several major issues trading cautiously. strengths in Hudson Motors and certain steel firms contrasted with mixed commodity moves and cautious expectations ahead of the next trading week.
New York reports brisk activity across the curb market with Praire Oil leading gains, rising 248 points and setting a stock record. Standout issues from Kalne and De Forest show notable price movements amid industry chatter. Bond and share demand rose, while public issues remained modest with minor gains in electric bonds.
An old newspaper clipping from December lists state agriculture prices for fruits vegetables and dairy and meat products. It includes boxed apples oranges grapes and pears, onions peppers lettuce celery cabbage and squash, plus milk eggs butter and various meats. Also shows deal prices for grains and flour and a note on watermarked funds.
Bond prices climb to new peaks in 1926 amid higher interest rates and stronger commodity markets. Trading volume falls about 13 percent from 1925, as investors remain cautious. Long term iron and bond markets are shaped by interest rates, commodity trends, and capital availability.
In New York on December 23 AP reports a general decline in bond prices amid subdued trading. Firm money rates keep holding, while medium priced railroad issues and various foreign obligations show mixed gains and losses as new financing, including Bulgarian and Wisconsin Central notes, is well received.
New York December 23 AP S Securities of 32 companies were admitted today to the trading list at the New York Stock Exchange. Among the issues listed for quoting were Bon company Exmporium corporation Jimerson-Brantingham corporation first preferred stock Willamette company and bounding 84 the Italian Public Utility Credit Innes latitude the Rand Kardex bureau t Fiat company and the Consolidated Hydro Electric Works of Upgad Wuerttemberg.
In New York money markets on December 22 bankers reported all loans at 6 1 2 percent for closing and 60 to 90 days at 4 6 to 8 percent for 4 to 6 months. Prime mercantile paper quoted at 4 with bids at 1 3. Time loans remained steady with maximum demands.
Foreign exchanges ease as quotations shift across major currencies. Rates show Great Britain at 484 3-4 on demand and 485 1-4 on cables, with other nations including France at 396 1-2 and S.97 1-2, Belgium 13.90, Germany £3.81, and Switzerland 1933. Portugal 4.17, Argentina 41.26, Tokyo 48.78, Shanghai 59.60, and Montreal 99.93 3-4.
The report shows stock market averages from TAR Associated Press with rail, utilities, and industrials data. It lists combined averages for month and year, land value, and commodity prices including pig iron and finished steel with current and prior values.
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