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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Feb 17, 1928
Page
20
In New York the market shows heavy favoritism toward U S Treasury bonds amid demand surge and lower broker loans. Stocks wobble with utilities leading early strength then retreat as oil and industrials slide. rails and select issues steady or modestly higher while foreign currencies hold firm.
The Associated Press provides stock market averages for bonds, rails, utilities, and industrials with combined figures for the day, week, month, and year. Total stock sales reach about 2,000,100 shares, with figures in the 180s to 190s range and notable weekly shifts.
Foreign exchanger mixed with quotes for Great Britain France Italy Belgium Germany Poland and others as of Feb 1. Demand figures for nations and cities listed. Tokyo Shanghai Montreal and more noted. Washington report shows general fund balance of 74,022,264.40.
New York reports heavy over the counter trading in U S Treasury issues as bond retirements reduce long term supply. Prices rise with advances from 1 8 to 1 4 point. Public offering due tomorrow for 15 000 000 Commercial Investment Trust Corporation convertibles at about 6 percent.
New York Feb 1 The Curb market opened firm on pipelines and utilities with some new shares resisting sales or gaining ground while others fell. Prairies earnings and merger hopes buoyed pipelines whereas utilities rebounded from a slump. Industrials mixed. Bank of Italy stock rose on merger hopes. Numerous names moved variedly with gains in Electric bonds and gas issues, while several steel and chemical stocks slipped.
Shipping notices list arrivals including Estonia at New York Feb 16 from Danzig and Cap Polonia arriving Feb 14 New York, with other vessels from Copenhagen Oslo Hamburg and Cristobal dated Feb 15 to 16. Names include President Monroe, New Samaria, and Westphalia, with carriers Fel and Oley.
East St. Louis prices and zinc quotes appear amid a steady lead market in New York. Zinc ranges around 5.55 to 5.60 with East St. Louis mentioned alongside antimony at 10.75.
New York cotton futures closed steady with slight moves across contracts. March 17.93 to 17.4, May 18.08 to 18.10, July 18.11, October 17.97 to 17.99, December near 18.758. Spot market quiet with middling at 18.46.
New York market report lists butter unsettled with extras at 44 cents and 42 for firsts, eggs receipts at 26 987, fresh gathered ends 34 1 2 to 38 1 3, potatoes receipts 62 and Maine Green Mountain bulk hay 4.50, Long Island 6.28, cabbage and white Danish and red tag prices, Florida white onions and red price ranges.
Chicago markets saw sharp gains on wheat and corn with July wheat above 1.00 as Liverpool quotes strengthen. Prices closed higher while oats softened and various contracts showed small shifts, reflecting a general firming across grain futures amid mixed opening notes.
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