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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jun 23, 1927
Page
25
New York reports show reduced buying in today’s market with weakness in motors and oil shares. Steel trade notes lower utilization at United States Steel and freight traffic near a yearly low, while Ford speculation and crude oil outputs influence trading sentiment.
United Electric Coal Companies shows a direct first mortgage on all fined assets with exemptions for future acquisitions. The firm has earned interest margins for a decade by a stripping method, reporting interest more than triple in 1926 and over fourfold in the first quarter of 1927.
New York June 22. Easy quotations for foreign exchanges list demand and cable rates for Great Britain France Italy Belgium Germany and others. Currencies shown include Argentina Brazil Tokyo Shanghai Montreal and several European and Scandinavian nations with latest bid and cable figures.
H Metcalfe was reelected president and treasurer of Parr Alpaca Co at the stockholders meeting on June 1. The company declared a regular quarterly dividend of 2 percent plus an extra 2 percent. Despite a softer market last year, the outlook for the coming year is brighter for the firm.
Bankers Capital furnishes stock quotations for banking and insurance firms. Listings include price quotes and recent movements across major financial names, with emphasis on notable gains and declines in the sector.
Stock averages show J Indus at 20 Rall with 0.167.10 and 143.62 on Tuesday, 143.57 previous. Week and year figures, high and low for 1927, total stock sales 1,798,600 shares. Kang Market Averages list rails utilities and industrials with combined figures around 96.96 to 97.06, bonds at par value $9,071,000.
Butter receipts reach 21 forges trimmed with multiple grades listed. Fresh gathered eggs show prices from 24 1 2 to 26 per dozen with storage and near-by pallets. Potatoes weak with 72 ears received. cabbage prices ease in Virginia and Ohio white crates bring 5.00 to 5? per 100 pounds.
New York June 22 The curb market showed irregular but largely advancing trading with many issues at year highs. Ford Motor of Canada attracted demand with reports of a new Ford motel and merger optimism lifting Central Leather shares. Curtiss Aeroplane and Vacuum gained, American Water Works began trading, while Celanese and Firestone softened and Cities Services posted a new 1927 low.
Chicago wheat prices slide as Liverpool quotations weaken while domestic harvest prospects improve. Corn and oats ease. futures show mixed shifts with slight gains in provisions. Public offering of 80,000 shares of Waltz and Hand Inc and 40,000 of class 2 stock to be issued by a Dominick and Dominick syndicate tomorrow.
New York June 22 Prices of bonds showed moderate improvement with limited trading. Better general inquiry for high grade issues appeared as unabsorbed new offerings may reach investors. The P Lorillard 51-28 offer of 615 million sold quickly. Foreign bonds rose. Polish 88 up 3 1 2. German issues bought. Convertible liens attracted buyers. US government issues remained quiet but firm.
Stockholders vote overwhelmingly to merge Central Leather with U S Leather, forming U S Leather Corporation. Common shares voted for total 301,841 and preferred 332,404. against 9,635 preferred and no common. Also reported are Clearing House balances and Treasury daily balance figures.
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