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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jan 20, 1927
Page
21
Stock markets move higher as call money rates ease, triggering quick price gains across sectors. Industrials rally, General Motors and Badson show support, with mixed moves in steel, cotton, sugar, and currencies as investors adjust to looser credit and favorable liquidity.
Our new office network links to private wires with major investment entities. The plan covers several cities including Hartford Atlanta Boston Chicago Cincinnati Columbus Denver Jacksonville, Kansas City, and Argetes. The scope includes four investors and detailed connections between offices and partner institutions.
Foreign exchange in New York shows varied quotations with Great Britain at 484 15-16 for demand and 486 0-20 on cables. Banks quote 450 1-4 for 60 day rates. Cables and other currencies include Belgium at 2374 F-2, Denmark at 76.64, Sweden at 13 1 14, Austria at 14. ts, Romania and Morocco figures obscured, Montreal at 99.84 3-6, Portugal at 0.17.
The report outlines uneven price moves with no clear actions taken. It cites Liverpool and corn as key elements, mentions openings and openings, with futures like May and July showing varied values and wheat ending higher then nearby months retreating on shading and provisions.
The year 1926 saw more business failures than any record, with failures per 16 000 firms rising to around 1004. Regions east of the Mississippi and the western coast reported higher insolvencies, while overall volatility and expectations under normal conditions increased pressure on firms year to year.
A guide shows that vacations can be budgeted as a yearly necessity. It advises choosing a feasible outing, calculating transportation, lodging, meals, and extras, then trimming costs by nearer destinations, shared rent, or delaying luxuries. Many young people vacation while working part time to save.
Copper dull and electric spot and futures askew. Tin steady at 5.73 per unit. Zinc East St. Louis futures quoted 6.43 to 6.50. Antimony spot noted at 14 with limited detail.
London buyers offered 12,007 shares at the wool auction today, with 10,000 sold. A good selection appeared but demand was uneven, as French and Belgian buyers remained active. Opening values were maintained through the series.
New York January 1 AP bonds showed general steadiness as January investment funds moved in. Trading saw slight recessions amid broad buying with foreign obligations and rail bonds drawing attention. War ner War ref ined refinery bonds rose sharply, especially Refunding 7s and First 73, while Inter borough 5a mortgages and rail issues like Erie Convertible 4s and Chicago and Eastern Miners 59 attracted interest. Foreign issues were choppy though Mexican bonds remained firm. United States government liens dipped modestly as Liberty 31-28 and Fourth Liberty 41-43 appealed to buyers.
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