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Bridgeport Telegram in Bridgeport, Connecticut

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Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Mar 02, 1928

Page

18

Market Narrow, Brokers’ Loans Fall Small Amount

New York trading held a narrow range with mixed advances in some spec stocks up 2 to 4 points while weak spots cropped out. Daily volume stayed under 2 million shares as credit conditions held steady and the weekly Federal Reserve report showed brokers’ loans down 6.48 million to 3,721,894, with italics on oil shares and steel remaining steady amid inconsistent business signals.

Nsw York Associated Press New York Legal Reserve Bank Federal Reserve Ciscuit U. S. Steel

Speculators Vary but Bull Trend Dominates Stocks

Stock market summary reports mixed activity with a bullish tilt. General Motors rose to 137 1 2 as Baldwin hit a 1928 peak near 258 1 2 while American Can inched up and GE fell. International Nickel slid from an oversold short cover rally, Radio rebounded, and several names including American Encaustic Tile and Dupont showed strength. General Railway Signal plunged to 66 1 8, rails weakened, and Calumet & Arizona along with International Silver touched new lows. Foreign exchange was steady and commodities were irregular with cotton up slightly and coffee surging while sugar eased.

General Motors Baldwin American General Electric Shorts International Nickel American Safety Razor Bayuk Cigars Dupont Kresg Montgomery- Ward Union Carbide Universal Loaf Weston Dalley Continental Calumet & Arizona International Bsilver Moto Meter A Federal Light & Traction Frisco

Foreign exchange rates steady in New York markets

Foreign exchanges in New York held steady with bid and cable quotes across major currencies. Rates listed include Great Britain at 487 9 16 demand, 427 7 8 cables. France 8.92 8 16, 2.05 7 16. Italy 6.28 5 8, 6.90 1 8. Belgium 13.92 1 2, Germany 23.36 1 0, Holland 40.20 1 2, Norway 26.63, Sweden 26.44, Denmark 20.78 1 2, Switzerland 19.35 1 4, Spain 16.60, Portugal 4.80, Greece 1.32 1 4, Poland 11.365, Czecho Slov Slovakia 2.06 1 4, Jugoslavia 1.76 1 4, Austria 14.10, Roumania .61 1 2, Argentina 42.75, Brazil 12.00, Tokyo 46, Shanghai 25, Montreal 89.81 1 ¢.

Luvisis Og Woo Rod ’ Jay Stewart Wars Stromberg Baker Nlek Pup Steel Lory Wao xl Fey Kan City Ai Kayser J Kelly Spring Kelly Kinney Co Ant Underwood Rose Laney T. Mbert Cn Ries Hy Bey Adu SF Tm United Bisaawi HK Bis United Dyeweud U S Loritland Pie Muriel Ford Bos HU Macy Mruttson My Mazina Slenedel Bros Vanadhian Corp Vitek Chemien & Yoo Victor Martin Parr Mathieu al McCrury Vivaudou Inc Saley York Marci Miami New York Stock Exchange Nor Ste Guy Che Middle States Oil Warner Chile Miller Rubber Dat Ag Brus ‘Quinlan ORY Ai Wiurren BK Adams Ex Chills Ua A Prag Warren Tiros Ubs Missouri KK Tex UBT Warren Vly Pipe Cristie Missouri Peelfle Bel Weber Hellch Ajax Suin Tsun Cheywler Corp Missouri West Dairy Aot Liebe Maryland Dul Bie & Gu Peabody Ee EL West Penn Weaz Cock Cola Penn Western Union Telsui Amurada Amerada Corp 2 Columbus MI Westings Mit Eh Motors Otis BAON Bellas Heay Willys Solv Crab Win Oy Linry Woolworth Co Worthington Wrighey Conkat Youngatowa New York Air Brake New York Central Ate la France Imag Bicfon Croom Ortelk West Agony AL Ratpray Wwe North Am Forthern Pacific Nowwatk Norwalk Brest Detroit Edison Ant Etrel Gianihon Corp Devon Bay Creal Wigoo Wily Hue Vodee Bros A Dodge Itrea Otix Steel Pil Tel Owens Gute Owens Eastman Kodak Easting Kot P Eaton Packard Slator Fabo Atchixon Kier Refriaeration Oyeema Fam Lasky Vane Ubbo Atchinon Elector Park Wiilord Euersor Brant Go Dork Taht Mines Atantic Fefining Wozig Wen Endivett Jolmeen Mage Synest Engineers Guy Pathe Bea Paty Sory Austin Nichols Viss Autosalen Tate Triat Erie Bangor Arov Padricinis Bank of Co Ui Letito Sfornia Barnaul Data Fairbanks Furne Thutpa Jonew Veter Stir Phihe Perel Ag Beacon Oil Thy Free Arrow Belding Heinlows Bethrebyin Mtee Firet Beth Bree Iain Ray Bloomingdale Morton Brooklyn Ashe Age Bronswick Barrovgna Remington Byers Walla Duneph Lowe Sa Lonia Seatoord Ae Alloy Sr Hiberl Theatre Hert Konthern Thorter New York Moten EU Agcocateq Press Great Britain France Italy de Cmand Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czecho-Slovakia Jugo-Slavia Austria Roumania Argentina Brazil Tokyo Shanghai Montreal

Shipping arrivals and departures listed for March

A maritime column lists ships arriving or sailing from New York entries include Westphalia from Hamburg on March 1 and Franconia, New Empress of France, Oscar II and others sailing toward Hamburg Berlin Cape Town Cadiz and Hong Kong with dates in February and March.

Westphalia New York Hamburg Devonian Antwerp Wilson Alexandria Franconia Hong Kong France Cape Town Berlin Bremen American Legion Ste Janeiro

Metals News Roundup From New York Markets

Copper steady both spot and futures around 14 1-8, with East St. Louis quotes near 51.50. Iron and lead unchanged, zinc steady at about 6 4 1 2 in East St. Louis. Antimony near 10.25, with market tone steady across metals.

New York Associated Press East S J. Louis East St. Louis

Treasury Daily Balance Report Shows General Fund Total

The daily statement from the Treasury lists the balance of the general fund at 63 31,909.65 dollars for today March 1 in Washington.

Washington Daily Statement of the United States Treasury Balance General Fund

Bond Market Holds Firm Tone Amid Slower Trading

New York March 1 The bond market stayed firm though trading was lighter than yesterday. Highlights included the plan to offer a 100 million St Louis and San Francisco 41-28 issue at 7 plus a 49 million preferred stock issue to common stockholders. Some high grade mortgage issues showed small moves while Seaboard group weakened and Polish issues drifted. Oslo gas and electricity works oversubscribed. New York City corporate stock issue largely sold. U.S. government securities dull.

New York Associated Press St. Louis San Francisco Ssco Seaboard Group St. Paul Lens Park Lexington Continental Sug & Peper Cuba Oslo Norway Gas & Electricity Works Capital Railway Company Ste St. Louis-San Francisco Railway Company Kansas City Fort Scott and Memphis Railway Company St. Louis-San Francisco New ¥ i John A. Ald St Louis Caex Rathway Company St. le Missouri Kansas Oklahome Arkansas Texas Mississippi River Memphis Tennessee Sippi Alabama Birmingham Florida Gulf of Me

Also Mentioned on This Page

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