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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jun 02, 1925
Page
17
Wheat prices fell sharply after late trading despite earlier gains as rain and drought relief hopes faded. Corn and oats also declined with overall grain values pressured by bearish crop estimates and speculative selling amid broad market weakness.
Yesterday's market wrap lists a closing stock tally on the New York Stock Exchange with totals of 1,463,300 shares traded, compared to 1,356,900 the previous day and 699, Smder Typs 43% 43 4316 320,400 a year ago. It notes questions of high, low, and last prices, along with a wide range of listed companies including Union Pacific, United Cig, Ajax Rubber, Am Beet Sug, Am Can, Penn ROR, Reading, and many others, with varied performances and percentages. The document presents a sprawling, OCR-heavy ledger of tickers, prices, and volumes across numerous industries and firms.
METAL MARKET NEW YORK June 1 Copper steady electrolytic spot and futures 185-8. Tin steady spot 56.37 futures 5 25. Lead steady spot 8.40 8.75. Zinc steady. Antimony spot 17.00. Prices for No 1 northern and No 2 northern and southern lead futures shown with irregular trends in the market report.
Bridgeport Hydraulic Co announces capital stock matters and the issue of 5 percent first bonds. Details cover the offered security, interest terms and capitalization through the issue. Potential investors advised to review prospectus and official notices for conditions.
Liberty bond quotations from New York show the 3 2-25 18 first 4 1-48 at 102.10 and 101.9 for second 4 1-43, with third and fourth 4s around 101.29 and 102.17. U S Treasury 4s quoted near 102.13 as other issues list at 106.20.
June 1 foreign exchanges held steady with quotes across nations. Britain at 1.4864, France 6.01, Italy 8.92 and 8.97, Belgium 4.30, Germany 23.80, Netherlands 40.16, Norway 16.80, Sweden 26.74, Denmark 18.80, Switzerland 19.35, Spain 14.64 and 1.70, Poland 18.25, Czecho Slovakia 2.96, Jugoslavia 1.66, Austria 14.125, Roumania 47.25, Argentina 40.50, Brazil 16.70, Tokyo 41.38, Shanghai 75.75, Montreal 100.64.
Invigorated by a holiday rest the bond market resumed its upward drift. Profit taking was limited to a few high grades, while speculative sentiment lifted prices for lower priced rails and public utilities and several foreign issues to new year highs. Argentine and German bonds drew strong interest as oversubscriptions emerged and prices rose on renewed demand.
Money firmer with high four and a half and low four. Ruling rate four. Closing bid four and three quarters. Last loan four, call loans steady at three and a half. Acceptances three and a half. Time loans steady with mixed collateral 60 to 90 days three and three quarters, 4 to 6 months four and eight four. Prime commercial paper three and three quarters.
United States Treasury reports a balance of 249,078,8765.06 dollars as of June 1 in Washington DC.
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