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Bridgeport Telegram in Bridgeport, Connecticut

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Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Feb 27, 1928

Page

14

Rails Recapture Interest in Stock Market after Uphill Struggle

A weekly review shows stock prices moving through a volatile week ending Friday. The list features numerous corporate names including Union Pacific, Consolidated Gas, and Reading, with varied gains and losses across industries. The piece notes a record net income for a major insurer and signals an offering of 109,000 shares of the Process Insurance Company of America capital stock tomorrow.

Rails Brcess Insuranc Company of America Capital Stock A Ee Sans Gibbs Excess Insurance Company of America New Jersey Fidelity

Market Activities Week In Diversified Trading Tone

New York market roundup notes a new yearly high in sterling and a revived stock market with strength in rails and standard Industrials while bonds trade quietly and commodities advance. Investors pore over broker loan reductions and Treasury financing, with gold flowing out and South and West weather affecting crops. Rubber weakens amid Stevenson policy uncertainty.

New York Associated Press Sterling Exchange General Motors U. S. Steel Maryland Interstate Commerce Commission U. S. Treasury Argentina France Principel Russia

Wall Street Notes on Rubber Exports and Electric Railways

A voluntary restriction on British rubber exports may follow the Stevenson act's abandonment, per F. St. Henderson of the New York Rubber Exchange who doubts its success. Henderson notes the exchange has helped stabilize prices after a 10 cent drop in 30 days. E. H. Rollins and Sons and Foreign Trade Securities Co. Ltd bought 1,750,000 first mortgage 20 year percent gold bonds of Westen Electric Railways Corp to fund new equipment and expansion amid a growing interurban and auto bus system in the West Podaliz region.

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Prices Decline as Industrial Output Rises in January

The Federal Reserve board reports January factory output and railroad shipments rose from late 1927 lows. Wholesale prices fell slightly while steel ingot production jumped over 25 percent, the largest monthly gain since 1934, with autos and iron and steel manufacturing driving gains.

Washington Federal Reserve Board

First half of February shows mixed retail and loan trends

The report notes Februarys early period with a year ago volume near. Department stores sales fell while mail order houses rose about 6 percent. Total loan investments at member banks declined by over 200 million, driven by a drop in securities loans from the year peak.

Ging Cittex

Stocks fall as earnings dip amid recession and tight credit

The selling movement in stocks is blamed on unfavorable earnings statements, trade recession, and severe competition. Factors include possible credit restrictions pushing money rates higher and the effect of retained gold movements on the money market, as reported in the Guaranty Survey by Guaranty Trust Co. of New York.

Also Mentioned on This Page

Nat'l Surety Bens Nee Con Copper Heelem NOY Rya Phayese T Steam & Pt Steam Norfolk and South Norfolk and West Norfolk and North American North Amer Pf Ameridis Nor Central Ry Northern Pacific Packle Dtra i Northweat Tel Norwalk ‘Land Uenibua Orpheum Otis Elevator AMA Lly GOD Otla Mu Outet Co Outlet Co Owens Bottle Pacific Pac Gas and Biles Pac Gow Pacific of Tuba Pacific T Pac 'Y Packard Mot Caz Pau Am Pau Aw Petrol Wu Ran Am West Panhandle Wud Panhandle Radio Par Fen Tasky Park and Biltord Utah Vathe Exen Pathe Karh A. Tatino Mund Peckess Catudu Penick and Ford Penick Word Penn Comal C . Tol Penn Dixie Penn Railroad Fenrla and Enat Row Pere Marquette Pere Marq Pere Mara Phila Co Panit Phillips Tones Philly Morris Berg NJ Luis White Vale White Witte Rucket White & To White In Co Prod Wilenn Co Alfod Woolworth Tor PRL Welle le Aik Wrigley Wroso Eal Sandry General Gas End Hletre Sonpan Aserves Safety United Loan Corp Fairfield Ave.Cor Water Room Barnum Wall Street Fidelity Loan Corp Middle St. Cor John Tet State of the Excess Insurance Company of America New Jersey Corporation Capital Chase National Bank OF New York Fidelity Union Trust Company Newark, M. J Reglar THE New Jersey Department of Banking and Insurance Carrall Bader Badeau New York City Aber Bedens Pretiory Von Edward H. Costello Crarsikow-Riends Co Glaguant L__Deopard P. Tyeien Dodge Potter & Company C. A. Fiske Boston Mase James Gilbey Walteen Hammons W. 3. Hammons & Co Portland, Me MET Genta Robert Jackson Concord N. H Dompinion Stores Sedinald H. Johnson Storay Thorndike Pabnar & Dodge Lawycre G.M. Kelleher Joseph Weather Henry H. Learnard Mass Learmard Chas McVeigh Morris & McVeigh Attormsyret Rene E. Paine Bouton Man W. Bruce Pirnie Springfeld Mas. Pienis Sireoma IC Inc Honey Po Pollak Cty H. Negert Mok Cues Sero Pet Felin T. Rosen Ripper T. See Cogn Messrs. Root, Clark, Buckner, Howland & Ballantina Bankera Mears. Y. Thorndike, Palmer & Dodge Itta Pirnie, Simons & Co Springfield, Mass West & Co Philadelphia
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