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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Feb 21, 1927
Page
17
New bond issues show a drop as investors hesitate amid readjustments in money markets. The finance scene notes eased money conditions, steady demand for securities, and a shift toward convertibles, with foreign bonds remaining firm despite unsettled global tensions.
Insurance stock quotations show prices for General Life and Casualty with listed companies such as Bankers Capital Banks and Trust Companies, National Bank, and Trust Co firms. The page includes figures for mortgage and life sectors, plus notes on trust, safety, and guarantee entities across North America and New York markets.
A dense list of stocks and prices from Endicott Jahnna to Wright Aeroplane appears, featuring numerous corporations, commodity names, and market figures. The fragmented OCR shows asset codes, bid prices, and odd groupings, reflecting a broad snapshot of weekly price movements across multiple industries and exchanges.
The Bureau of Railway Economics estimates railroads will spend about 73 million dollars on improvements this year, with roughly 40 percent for new equipment and 60 percent for roadways and fixed properties. About 1,000 miles of new road are expected at just over 75 million dollars, reflecting a trend toward roadway expansions.
New York reports show overall business forward movement with slower momentum. Wholesale and commodity prices dip while credit remains easy and gold imports push total 1927 purchases above 76 million dollars. Steel output rises for the fifth week as railway equipment demand grows.
The release shows the 20 industrials and 20 rail averages with Friday values 136.78 for bonds and 148.41 for another index, along with high and low figures for 1927. Total stock sales reached 451,700 shares and total bond sales totaled 7,013,000 par.
Mexico City reports the government has issued confirmatory concessions to Trans-Continental Petroleum, a U.S. company, covering 2500 hectares in Veracruz. Rights were acquired before May 1917 when the petroleum law took effect, marking the company’s acceptance of the new law. Government and company did not comment further.
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