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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jun 06, 1927
Page
15
New financing in May reached over 700 million dollars, yet June began dull as investors absorbed excess supply. Government issues stayed active but prices edged down while mortgages with convertible features gained strength. Poland’s 7 million loan lingered, and weekly offerings totaled about 80 million versus 120 million the prior week.
Milford and Stratford police story: Fred Lehto, 21, arrested on a one year old theft charge after a tip and a camp search. A $50 watch disappeared with his disappearance from Forrest Benjamin’s Plains Road home. Lehto allegedly sold the watch in New York state.
Advice on choosing life insurance payout methods favors steady lifetime income over a lump sum. The article urges involving family in decisions, considering widow security, tax implications, and the risk of misused funds, while advising prudent investments and avoiding funding friends or distant enterprises. It stresses buying into familiar, near-by businesses and consulting lawyers and bankers before any venture.
A scanned excerpt lists numerous New York banks and trust companies with stock quotations. Banks named include Bank of Manhattan, Bank of United States, Brookin Trust Company, Empire Trust, Guarantee Trust, Hanover National Bank, National Bank of Commerce, National Park Bank, National Bank, and others. The garbled text references rankings, trusts, and financial entities, indicating a broad roll of financial stocks quoted in the period.
New York reports a week of strong market absorption with record high levels in averages driven by demand for seasoned dividend paying railroad and industrial stocks. Grains rose on brief rally while futures limits trimmed by plans to curb speculation. profit taking eased cotton and wheat advances. Treasury announced long term financing at 83 8 per cent, lowest since the war, and call money stayed at 4 1 2 per cent amid end month liquidity.
New York reports a steady overall business trend last week with seasonal declines in several sectors. Steel demand eased while orders held, freight volumes fell due to Mississippi flood damage, and motor output rose near May levels. Export trade improved and cotton led textiles, with grain futures volatile amid delayed planting and a corn price drop tied to Chicago trade measures. Credit markets show stable to easing money and rising bank clearings.
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