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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jun 10, 1925
Page
17
London and New York markets faced early losses of up to five points, with a later partial recovery as oil demand expectations supported oils groups. Texas and Atlantic refiners posted gains while Steel and chemical shares saw mixed to weak movements amid looming tonnage reports.
New York June 8 liberty bonds and treasuries quoted with issue numbers and bid prices. Hirst and others listed four and four and a half percent notes with prices around 102 to 107.16. Market notes reference U S Treasury 4a and 4 1/4 percent issues with specific bid values.
A June 5 report lists bid and ask figures in cents for currencies including Great Britain France Italy Belgium Germany and others with Tokyo into the afternoon session showing steady ranges. Rates cover demand cables 60 day bills and call loans against acceptances with prime commercial paper nearby.
Wheat futures rose amid expectations that the government crop report will show a smaller winter wheat crop and a larger spring wheat crop. July and September prices advanced while corn and oats also gained and provisions moved higher on stronger demand and dwindling receipts.
The article explains that lead remains the only non ferrous metal above prewar price levels, outpacing iron and steel. It notes a 80 percent price rise from prewar years, a drop to Apr 23 followed by a modest rebound, and links high lead value to growing world consumption outpacing production. The United States, as largest producer and user, consumes about half of global lead.
Listing of current cash prices for staple commodities in New York with year-ago comparisons. Items include Wheat No 1 and No 2, Corn No 3 yellow, Oats, Flour Minn pat 900, Beet crop 21 00 7109 27.00, Coffee No 7, Copper, Tin, Steel, Iron, Zinc, Cotton mid-day 2355 28.86, Rubber, Print cloths pat 6% 6.55 6.30, Sugar granulated. Other financial news referenced on page 19.
Copper spot and futures quoted 13 5 8 to 1 2 13 5 8 at operations. Tin steady with spot and nearby around 55.50 and futures 65.37. Lead steady with spot 8 40 to 8 75. Zinc ease with East St. Louis spot and futures around 740. Antimony at 18.50.
Cotton prices in New York show middling at 23.95 with futures ending very steady. July futures at 23.20 and later months ranging from 22.70 to 22.90, with January near 22.40 to 22.43 and March around 22.64.
United States Treasury balance reported at 255 660 780 13. The figure appears in a June 9 notice from Washington DC via INS. No further details provided in the fragment.
Bank states it will provide customers with efficient service and invites checks on accounts. It also advertises 3 percent interest on checking accounts of five hundred dollars and over.
Two adjoining 2 family houses at 1503 1505 and 1521 1523 Fairfield Avenue to be sold at public auction on Thursday June 11 at 2 30 PM daylight saving time weather permitting. Property includes about 175 feet on Fairfield Avenue and 120 feet depth with 18 rooms in one house and 22 rooms in the other both with improvements in a prime West End location. Great bargain awaits attendees.
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