Bond Market Slips on Oversupply and Dull Trading
Trading in the bond market was light with many irregularities as new issues and overall supply weighed on prices. Domestic and foreign issues showed mixed moves while a handful of issues like Goodyear Tires and Union Pacific drew attention at easing levels. French and German loans remained active, with U S government securities showing varied prices.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Bucharest
Rentenbank
Union Pacific
Shell Union Ou
Vessels Arrive at Bridgeport Harbor with Coal and Poles
Local shipping reports indicate barges and ships docking in Bridgeport yesterday. Harford arrived loaded with coal from Norfolk for T A D Jones. Cumberland from Hampton Roads carried piles for the Yellow Mill bridge to Blakeslee Sons. Blue Ridge from South Amboy delivered poles for United Illuminating. Harry Walker from Port Liberty carried cokes for Bridgeport Gas. Thoues Scully from South Amboy ferried coal for Vincent Brothers.
MENTIONED IN THIS ARTICLE
Bridgeport
Harford
Norfolk
T. A. D. Jones Company
Cumberland
New Yellow Mill Bridge
Hampton Roads
Blakeslee and Sons
Blue Ridge
South Amboy
N. J
United Iluminating Company
Harry Walker
Port Liberty
Stock Exchange to Open Saturday After Recess Rejected
New York stock exchange members votes to keep open for the usual two hour session next Saturday. Governors rejected a petition to close for a three day Independence Day recess.
MENTIONED IN THIS ARTICLE
New York
Associatan Press
New York Stock Exchange
Goverors
Associated Press
Your Money Problem by Harland H Allen
An essay on value versus price. Higher cost may yield longer life and satisfaction. Consumers should weigh long term durability and quality, especially for items that must endure. the piece cautions against choosing solely on price and encourages investing more for lasting goods. It warns that cheap goods can lead to repeated replacements and regret.
Grain Chicago Markets Open With Sharp Downturns
Early grain trading featured a sharp drop in corn due to favorable weather and a bearish tone plus news from Illinois on the Kessinger bill. Wheat opened mixed to lower with losses across the board while oats and provisions also traded lower.
MENTIONED IN THIS ARTICLE
Chicago
Associated Press
Illinois
Rubber Prices Steady As Market Closes
Rubber in New York closed steady with July at 35.50, September 36.60, and December 35.90 per unit. The Associated Press report notes consistent demand and stable trading while futures markets show little change.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Wall Street Notes on Market Open, Fageol Royalty Deals
New York trading will stay open for two hours next Saturday after a petition for a three day Independence Day recess was rejected. Skelly Oil contracts with Cabot Inc to supply gas worth at least 1.5 million dollars in ten years and a Cabot plant is under construction in Carson County Texas. Baltimore and Ohio reports 1927 first half income of 10,844,082 dollars, or 6.36 a share. Fageol Motors settlement with Ohio and American Car and Foundry fixes royalties up to 3,000,000 in patents. United States Steel common stock holders total 290,369, up 3,141. preferred 71,910, down 728. Chicago, Burlington and Quincy May earnings 1,427,712. five months 10,176,911. Steel operations show a temporary halt in the downward trend. Seneca Copper may close due to copper prices. Atlantic Gulf and West Indies Steamship lines show four months surplus of 383,205 vs 64,864 deficit year ago.
MENTIONED IN THIS ARTICLE
Skelly Oil Company
Godfrey L. Cabot, Inc
Boston
Texan Panhandle
Skelly Ol
Cabot, Inc
Skelly
Carson County
Texas
Baltimore and Ohio
United States Steel Corporation
Chicago, Burlington and Quincy
West, Indies
Realty Records Warrants and Deeds Listing Local Real Estate Transfers
Warranty deeds show transfers from Mullins to Uppsen on Lenox avenue and Randall to Law on Victory street among others. Mortgage deeds record loans secured on Victory Victory Exeter Elm Prospect Central Wheeler Hadley Horace Washington Terrace Ives and Johnson streets with amounts from 1 000 to 6 900 and a 4 250 loan to City Savings Bank.
MENTIONED IN THIS ARTICLE
William T. Mullins
Walter Phil Uppsen
Lenox Avenue
William P. Randall
Edgar V
Therese M. Law
Victory Street
Andrew Fuscali
Anna Ruscak
Dover Street
Thomas Martone
Frank Rizzitell
Parallel Street
John and
Margaret Bifield
Mozes Gebleau
Central Avenue
Victor L. Schultse
Et Ux
Revel J. Orton
Pacific Street
Thomas F. Flynn
Theresa M. Law
Robin Horn
The
City Savings Bank
John H. Reilly
Are Savings Bank
Wheeler Avenue
Stephen Caliento
Exeter
Elm Streets
Mary A
Mechanics and Farmers Savings Bank
Prospect Street
John
Agnes 8. V. Cebull
American Bank and Trust Company
Hadley and
Horace Streets
Daniel Z. Brennan
Black Rock Bank and Trust Company
Washington Terrace
Filomena Gatt
Columbus Ft- Trance Corporation
Ives Court
Phillip Henea
Herman Seck
Johnson Street
New York Produce Prices and Receipts Report
Produce market summary shows Butter steady to higher with receipts at 18 868. Creamery values range from 40 1 2 to 45 1 2 for various grades, eggs unsettled with receipts 24 744 and fresh gathered prices around 24 1 2. Potatoes selling at 3 75 to 4 25 in Virginia cobbler varieties, and New Jersey white cabbage quoted at 1 50 to 2 00 per crate.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Virginia
New
Cobbrera
New Jersey
Brokers' Loans Hit New High In Mid June Total Over Three Billion
Market commentary notes brokers' loans rose to 3,159,876,006 by mid June, a new peak that exceeds earlier highs. Officials say loans reflect trading credit rather than underlying fundamentals, with market activity steadily expanding as more participants enter the securities arena.
Liberty Bond Prices Quartet and Treasuries Listed
Closing Liberty bonds show values for several series with 3 1-38 at 100.31 and 4 1-45 reg at 100.25 to 100.37. Liberty first through fourth issues and Treasury bonds are listed with yields and maturity notes, including 3-45 at 105.12, 4 at 108.12, and 4 3-48 at 113.10.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Liberty Bonds
Liberty
L-Da
Liberty Ltd
I-Da
Treasury
Connecticut Patents List Compiled by Bridgeport Lawyers
Connecticut patents list includes Joseph H. Cohen Bridgeport cigar fighter George Schrade Bridgeport ink eraser Monroe Guett Hartford double throw switch William A Lorenz Hartford disposer box George D Roberts Hartford condenser for automobile radiators Harry E Bloan Hartford chuck Charles A Brewer Noroton Heights generating steam with a chemical constituent Wilmot E Hettland Noroton Heights vowel Wilfred Cunliffe Stamford indicator John J Murphy Norwich handcuff Waldo Sheldon Greenwich drilling apparatus Trade-Marka Mr Backes Son Inc Wallingford Farrel Foundry and Machine Ansonia auger mill imbibition devices Gardiner Hall Jr Co South Willington thread
MENTIONED IN THIS ARTICLE
Wooster and Davis
Bridgeport
Joseph H. Cohen
George Schrade
Monroe Guett
Hert and Hegeman Manufacturing Company
Hartford
William A. Lorenz
Otaka Fabric Company
George D. Roberts
Harry E. Bloan
Cushman Chuck Company
Chuck
Charles A. Brewer
Noroton Heights
Cannon Engineering Company
Brooklyn
N. C
Wilmot E. Hettland
W. A. and
A. E. Eeson and Company
Philadelphia
Vowel
Wilfred Cunliffe
Stamford
Indicator
John J. Murphy
Norwich
Peerless
Waldo Sheldon
Greenwich
Marka
Mr. Backes’ Son, Inc
Wallingford
Farrel Foundry and Machine Company
Ansonia
Gardiner Hall, Jr. Company
South Willington
Money market rates and loans report
The Money New York summary notes Easter trading activity with high and low 1-2, the ruling rate at 5, and closing bid at 41-2. Time loans show firm and mixed collateral with 80-90 days at 41-2 and 45-8, 4-6 months at 41-2 to 45-8, with prime mercantile paper rated gat 1-4.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Prime Mercantile
Metal market brief steady prices across copper lead zinc
Copper steady at 17.50 spot with futures 12.63. Tin steady 40.12 near term and August 64.50. Iron unchanged. Lead steady at 0.40. Zinc quiet with St. Louis spot and futures 8.20 and 6.22. Antimony spot 12.00 to 12.12.
MENTIONED IN THIS ARTICLE
New York
Associated Preas
St. Louis
Prince George to accompany Prince of Wales on tour
Ottawa notes that Prince George, the fourteenth of King George’s sons, will join the Prince of Wales on his tour of Canada in August. Prince George visited Canada during a navy leave, spending two days in Ottawa before continuing winter duties elsewhere.
MENTIONED IN THIS ARTICLE
Ottawa
George
Prince of Wales
Prince George
Canada
Navy
Philadelphia Plan Sets Cap on New Railway Equipment Costs
The order enforces a limit under the Philadelphia Plan on funding new standard railway equipment. Total support will not exceed 75 percent of the cash contract cost of the equipment, defining the government’s financial share.
MENTIONED IN THIS ARTICLE
Philadelphia
Farmers Undersell Dealers In Milk War
Milk producers in New Bedford area forming Southern Massachusetts Dairyman's union plan to sell milk at homes for 10 cents a quart starting July 2, undercutting New Bedford Milk Dealers association which sets 16 cents. Union says dealers refused fair price and insisted on weight and measure, prompting the move.
MENTIONED IN THIS ARTICLE
New Bedford
Mass
Associated Press
Southern Massachusetts
New Bedford Mk Dealers Association
Re financing planned for textile company
A plan for the financial reorganization of the New England Southern Mill has been prepared by bankers and directors. Stark Mills will be consolidated with New England Southern Mills while Tucupan Mills and Pelzer Manufacturing stay as separate subsidiaries. The 1929 sinking fund notes and $3.5 million bank loans will be converted, half into new 5 percent notes due 1933 and half into new one percent prior preferred stock.
MENTIONED IN THIS ARTICLE
New York
Associated Presa
New England Southern Mill
Stark Mills
New England Southern Mills
Tucupan Mills
Pelzer Manufacturing Company
International Cotton Mills
Restraint Keeps Osborne Mills Sale Postponed
In Fall River Massachusetts Judge Hugo A. Dubuque stayed the Mills sale today in the Osborne Mills plant until July 16 after a restraining petition. A hearing on appointing a temporary receiver is set in Fall River with John B. Brayton and Nathaniel B. Durfee named as receivers. The sale, ordered for nonpayment of taxes for 1025, is thus paused.
MENTIONED IN THIS ARTICLE
Fall River
Mass
Associated Press
Osborne Mills
Hugo A. Dubuque
Superior Court
Dubuque
John
Brayton
Nathan
Lel B. Durfee
Cotton futures close steady as prices slip modestly
Cotton in New York ends barely steady with July at 16.69 and December around 17.18 to 17.20. October futures range 16.97 to 17.40 with January at 17.24. Spot middling trades quietly at 14.95. The item ends with a wry quip about a photographer’s smile and a line about a town distance.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Shipping Arrivals and Departures in Late June
Shipping reports show Reliance arriving Southampton June 26 from New York and Bremen, New York June 29. Bremen outbound June 27. Luetzow leaving Bremen June 27 for New York. Volendam sailing Rotterdam June 20 to New York and Gripshoim Gothenburg June 28. Olympic Southampton June 2b to New York and Providence Naples June 24 to New York. Berengaris listed New York June 29 and Southampton.
MENTIONED IN THIS ARTICLE
Reliance
Southampton
New York
Bremen
Luetzow
Volendam
Rotterdam
Gripshoim
Gothenburg
Olympic
Providence
Naples
Berengaris
Also Mentioned on This Page
Bond F Man
Goodyear
Stock Exchange
the Mutual System
Bank Street
Fidelity Loan Corporation
Middle St
Col. John Bet
Joan & Wail
Barnum
Noble
New England Equity Corp
State St
Harland H. Allen
Fred
Plecea
Bureau
Stone Street
Danbury
Conn
Andrew J. Thomas
North Shore Pera, Inc
Pershing
Wall Street News
Fageol Motors Company
Fageol Motors Company of
Ohio
American Car and Foundry, Motors Company
Fageol Motors
Ohio Company
Fageol
Fageol Motors of
American Car and Foundry Motors
Steel Corporation
Seneca Copper Co. 1A
N. Y
Marner
Feseuany
Imdes
Cumures Assocnres
Bostor
Connecticut
W Princess
Canadian National Railways
Equipment Trust
Hemphill, Noyes
Philedersuis Gaston
Albany
Fieitinere
Greceer
Fable
Cal
Nty
Middle St. Cor
John Ket
Joim & Wall Sts. Barnum
International Securities Corporation
International Securities Trust of America
Harris, Forbes & Company
New York City
Harris Trust and Savings Hank
Harris, Forbes & Company, Inc
Guaranty Trust Company of New York
Pennsylvania
California
Massachusetts
William R. Bull
International Securities Corporation of America
Messrs. Loomis, Suffern & Fernald
Certified Public Accountants
Jartis Trust & Savings
Baskc
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