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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Dec 27, 1926
Page
16
Leaders in American trade predict steady 1926-27 growth amid banking stability and improving industrial demand. Charles M Schwab foresees strong production, rising gasoline yield, and ample credit while cautioning on potential shifts in policy and construction activity impacting overall business momentum.
Adolph Zukor, head of Famous Players-Lasky, predicts continued prosperity for the United States in 1927 driven by improved business confidence and private financial discipline. He cites soaring auto production and export growth, with 1926 setting records and output in the U S and Canada totaling about 4.5 million vehicles last year.
Lammot Dupont quotes 1926 to 1927 outlooks from industry leaders. William Sproul of Southern Pacific expects rail volumes and earnings to improve, though rate pressures persist. Copper leaders emphasize European demand, export improvements, and the need for higher gross earnings to support operating income amid wage and rate dynamics.
The first ten months show refined copper shipments exceeding refinery production by about 20 million pounds, while exports lag 12 million pounds per month from 1925. Domestic consumption exceeds 1926, suggesting a substantial increase if trends hold. Patrick Crowley notes growing copper demand across industries. The railroad outlook is mixed. 1927 may be generally satisfactory but regulatory burdens persist. Parker bill passage could aid consolidations, though true efficiency will come from strategic unifications and economic alignment rather than broad, arbitrary grouping.
Alvin W. Kivech and James Alexander discuss stabilizing forces in 1927 including immigration, transport efficiency, and installment buying. They highlight reduced business risks, abundant resources, and robust savings while noting credit conditions eased by the Federal Reserve and strong domestic production.
An Armow & Company report by F Edson White presents a cautiously optimistic view for 1927 with a trend toward continued prosperity despite declines in non-ferrous metals and cotton prices. It notes potential price reductions for finished goods to sustain domestic demand, a possible weaker competition, and expected stable employment and prices. Europe’s meat demand may shrink American exports as hog prices fall, prompting U.S. packers to focus on the domestic market and improved efficiency.
Detroit Dec 26 AP A forecast from William Metzger of the American Automobile Association projects U S car production near five million in 1927. He notes highway construction and rising travel will lift demand. 1925 output was about 4.226 million and 1926 expected at 4.701 million.
Dec 26. Benet L. Davie, longtime resident and the city s largest single owner of residential property, died last night at the tertiary Hilk Hospital in Brooksdine, Mara, aged 71. He leaves a son and daughter, both living in Murnam where he was born. Davie served on the City council for several terms and as town selectman, and in summer was postmaster at Tord's Point where he owned substantial property.
In Belgrade, Nikola Cuzaunovilteh, who resigned after the Italian Albanian treaty, finally forms a cabinet. Ninko Poriteh becomes foreign affairs minister, and Paul Raditeh takes over agrarian reforms.
AP report from Hattiesburg Mississippi says engineer Dee Van Martin, brakeman La Tanglord, and fireman Ernest Scott were killed when the Gull and Ship Island line engine plunged through a damaged trestle on the Columbia branch south of Silver Creek early yesterday.
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