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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jul 30, 1926
Page
19
Washington July daily Treasury general fund statement shows General Motors and U S Steel leading stock activity. Bond trading details are brief with the usual market caveats and no dramatic shifts noted.
Chicago Wheat opened higher on Liverpool quotations and Canadian yield forecasts, then pared gains. Corn and provisions also moved, with mixed results across contracts. New York clearing houses and reserves showed notable changes in banking balances.
U S Steel and General Motors shares led a broad market rally with new record highs and strong gains on heavy volume. Investors piled into industrials amid rumors of stock splits and solid earnings, while wheat prices rose on weather fears and Liverpool quotes.
Public interest remained subdued as qubit trading lagged on the gurb market with price movements muted. Gasoline and aluminum shares showed little response to improved conditions, while the Pudhe Utter group stayed moderate amid merger rumors and dividend chatter. Industrial stocks like Aluminum Company of America, Blaw Knox, and Warner-13 lagged, offset by some gains in tire and tobacco exporters. Cheld en Center Mines led activity in a quiet mining sector with few other notable moves.
Atlas Powder Co reported increased earnings per share for the year, with the annual figure around 80.46 after adjustments. The figures came amid a cautious tone on future performance as management noted ongoing market and cost pressures affecting the chemical and blasting powder operations.
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