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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jun 17, 1925
Page
15
U.S. stock prices rose with railroad shares lifting the market while bond markets held steady. Strong earnings and new freight records boosted leading issues. oil, coal, and consumer goods groups followed with notable gains and firming prices.
Market report covers butter, cheese, eggs, and milk prices with creamery and wholesale rates. Also lists potatoes, sweet potatoes, dried fruits, prunes, peaches, seedless raisins, and dressed poultry prices with activity notes across regions and ranges.
Cotton market stayed steady with middling at 24.50. Futures closed flat to up, July at 23.71 and October around 23.50 to 23.43. December quoted 23.68 to 23.70.
New York reports complete closing stock transactions for the day. Total sales reached 1,064,800 versus 1,202,600 the previous session. Market notes include Copner Hem electrolyte futures at 18 314 137-3 and metals such as Tin steady at 56 37, Lead at 8.25 8.40, Zinc at 7.00 7.05, Antimony at 16.76 17.4.
Price trends in cotton and wool markets through 1925 show raw materials, yarns, and cloths indices remaining above 1914 levels but with a downward tilt. Raw cotton and wool fell this year while wool cloths rose. futures look favorable for manufacturers amid lower raw wool prices and a potential bumper cotton crop.
Buying of public utility liens especially traction issues gave a firm tone to bond trading in New York. Prices moved narrowly with rails, utilities and foreign obligations trading unevenly, as a June rail traffic high and hopes for rate revisions boosted northwest car bonds. Fractional gains noted in several rail issues while Mexican and external debt showed mixed strength amid interest payment doubts. Liberty bonds held steady as bankers eye sewer bond offerings in Kansas City and a new foreign borrower, Upper Austria, seeks a 5 million loan.
Foreign exchanges irregular in New York with varied quotations for Britain Italy and other nations. Cables and demand figures cover currencies including Switzerland Spain Poland Czechoslovakia Jugoslavia Austria Roumania Argentina Brazil Tokyo and Shanghai with Montreal noted.
Money market notes show steady conditions in New York with call money at 3 1/2 to 4, ruling rate 3 3/4, closing bid 3 3/4, last loan 3 3/4, call loans against acceptances 3 1/4, time loans steady with 60 to 90 days 3 1/4 to 4, 4 to 6 months 3 3/4, and prime commercial paper at 3 3/4 to 3 4.
Liberty Bonds listings for New York and Washington describe U S b 8 bonds with class prices and yields. The United States Treasury balance shown as six hundred six digits after decimal stands at 260,532,016.17 dollars.
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