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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jan 06, 1927
Page
21
New York Merchandromipany Inc declares an initial dividend of 50 cents per share on the common stock and outlines regulations on the preferred shares.
Bank and Insurance Stock Quotations list mixed names of banks and trust companies with partial spellings and irregular formatting. It mentions Bank of America, Bank of Manhattan, Bank of New York, Chemical National, National Bank of Commerce, and other institutions alongside references to securities like mortgage funds and surety titles, reflecting a stock table fragment with inconsistent OCR rendering.
Cotton futures in New York open with bids for January delivery at 12.74 while March, May, July and October maturities show varied activity. Market traders note tentative movement as quotes drift and speculative interest shifts among front and deferred months.
Rubber prices end steady trading in New York with January at 39.00, March at 39.40, and May at 40.10. Market observers note limited price movement as supply and demand trends hold.
Financing a small business centers on finding cash through six methods. Starting with personal funds and slow growth, many founders succeed by peddling or using a partnerless equity path. Agents for manufacturers, wholesale backing, silent partners, and bank loans each have merits and risks. Stock offerings work best for small ventures when feasible, offering capital with lighter management burdens.
Realty records show warranty deeds from J Walter Perry and Richard A Perry to Arthur R Cole on Perry Street Anne N Lloyd to Peter Sedgwick on Boston Terrace Catherine H Birmingham to Joseph H Wright on Olive Street Kenneth W McNeil to Black Rock McNeil Corp on Black Rock Point Mortgage deeds include Michael Chinarik to Bridgeport Savings Bank on Beechwood Avenue Arthur R Cole to Bridgeport Land and Title on Poplar Street B G Shuier to David Rosenthal on Wall Street Joseph H Wright to Catherine H Birmingham on Olive Street and Nathan H H Shine to J Nuesenfeld on Livingston Place.
The daily statement from the United States Treasury reports the balance of the general fund at 224,464,946.56 dollars for January 6.
Broad curb securities activity pushes prices higher with Victor Talking Machine up to a new high as bankers exercise options in the company. Fox Theatre gains follow a Warner Pictures deal, while American Plane and Marmon Motors reach near peak levels. Oil shares show mixed strength with Standard Oil of Indiana and Carl Syndicate advancing.
New York market prices for creamery and eggs show unsettled butter and varying creamery grades. Receipts include 18 743 for butter, 20 728 for ewes, with creamery extras 60 cents and firsts around 49 1/2 cents. Potatoes at 60 carloads, Long Island bulk 180 pounds at 6 to 6 15, cabbage dull, Danish white bulk ton 28 40 to 30.00.
Liberty bonds quotes listed with issue names and rates as of Jan 6. Clos ing Liberty bonds show 3 1 8 to 0. Liberty first 4 1 64. Liberty second 4 1 45. Liberty third 4 1 43 to 1 49. Liberty fourth 4 1 45 to 1 41 2 reg. Treasury notes at 4 4 8 and 45. Treasury 4 1 46.
Chicago grain futures moved from early losses to gains as Argentine shipments were forecast below expectations. Wheat rose to near yesterday's close while corn and oats showed mixed moves and a firmer tone in provisions. Early quotes fixed May wheat at 1.34 1/4 and July at 1.29, with corn May 78 1/8 and July 81 1/2.
New York date January 6 AP reports cotton futures eased along the curve with January at 12.65 and October around 16.34. March 12.83 May 13.00 July 13.17. Spot market quiet with middling at about 12.96.
Stockholders of Burroughes Adding Machin C Company authorize raising capital stock from 600000 to 1000000 shares no par value. The American Brass Company lowers prices on all products by a quarter of a cent per pound. United Drug Company 1926 sales, excluding foreign subsidiaries, set at 81500000 with 1925 actual rates of 78145000. Directors of Chicago Bank Island and Portsh transact only routine business at today’s meeting.
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