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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jan 31, 1927
Page
14
A garbled discussion shows demand for policy action to curb inflation as prices drift downward with bonds retreating and bank lending fluctuating. Experts call for tax cuts or broader measures to support trade and stabilize credit while warns of war-bond surplus and deposit instability.
Unclear OCR text shows financial quotes and headings about bank and insurance stock prices posted for a date in January. Mentions providers and figures but lacks clear readable data to extract specific names, prices, or entities.
Agents retrieved garbled but readable fragments mentioning a gala, votes, and officials. The text references a buried Esterday event, a Guerdy and Chestnas, and names like Eugene and Stephen in unclear roles. The piece is fragmentary and lacks clear outcomes or dates.
In New York last week, a slight quickening in business activity was noted but coupled with further price concessions. Bank clearings fell again versus late January 1926, while freight loadings rose mainly due to coal anticipated for a spring strike. United States Steel reported fourth quarter earnings of 402,505 dollars, the year's high for the postwar period, and stock markets drifted amid price volatility.
Bond prices slipped as January investment demand kept rates low and new offerings flooded the market. Foreign bonds posted gains while domestic issues faced selling pressure on high grade rails. New York remained a key international hub with large overseas purchases and rising issue totals, signaling strong liquidity and cautious investor sentiment.
Connecticut motor vehicle data reveals 899 motorcycles registered in 1926, down from 1,227 in 1925 and 1,520 in 1924. Municipally owned cycles rose slightly while demand for motor vehicles overall advanced. The report notes motorists deaths rose earlier but fiscal lines show Chicago group deficit figures for 1926 at 2.041 million after taxes, versus 3.867 million in 1925.
1926 stock listings rose markedly while bonds fell by nearly half a billion dollars. Total listings reached 3 711 450 408 with bonds at 1 091 669 006. Industrial securities led gains while railroad issues declined about 500 million, and foreign securities expanded notably. Government issues totaled 1 108 084 100 versus 607 700 99 in 1925.
Market review notes a gentle weekly decline with widespread price easing in most sectors. Strong exceptions include wool, gasoline, and wheat prices while credit conditions ease and speculation in Spanish pesetas surges. foreign exchange moves reflect a small Spanish budget surplus and hopes of wartime parity adjustments.
A Connecticut State Commissioner of Agriculture furnished local produce prices for apples, pears, berries, vegetables, poultry, dairy, hay, and grain with units and ranges. The report notes 1926 earnings for Tobacco Products Corp about 11 dollars per share on common stock, and United Cigar Stores net profit near 11 million before taxes. also mentions Universal Pipe and Radiator plans to form a new company to gain interests in several manufacturers.
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