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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Mar 09, 1927
Page
17
The trading day showed a sharp reversal with gains offset by declines in a few stocks as investors reacted to the Treasury’s plan to retire certain 4 1/4 percent bonds and to broader financing moves. Turnover was light and bond issues influenced early buying, with several large industrials and utilities showing strength while traders eyed treasury actions and potential future liquidity shifts.
The stock market center focuses on railroads and allied equipment and mining shares. Industry groups show notable price gains over the last two months with railroad equipment, metal stocks, and motor vehicles leading while coal, tin, and pipe sectors trail, signaling broad but uneven gains through early 19.7.
New York produce prices list includes butter creamery extras and firsts, fresh guhere, nearh hennery whites, pullets, browns, and western coast whites. Potatoes firm receipts, Tong Island balk price, Green Mountain and Maine milk, New York hulk per 189, Danish white bulls per om 2200.
Shipping records show arrival entries from Deutsch and New York with March dates and port movements. The notes reference Nieuw Amsterdam and New York routes, indicating cargo or passenger activity between March 6 and March 8.
A garbled item notes a march event from March 4 to 14 involving a victory committee and Mod Continent. It references New York, a House sector, and gas-approximate exchanges with unclear figures and locations. The readable parts imply a production or organizational meeting with political overtones and unclear participant names.
Market summaries show the Associated Press stock averages and bond indices with figures for ten first grade rad securities and utilities, industrials, and combined metrics. Readings include public utilities around 9550 to 9562 and industrials near 1013, with year and month trends noted in terse financial shorthand.
AP notes government stock reports due and early trading with wheat up to 14 cents, corn and oats firmer, May and Sept futures showing modest gains. Prices swing with May 14 to 1 1 4 dollars and July 84 1 4, while soybean nearby slips.
Frantic price movements in today’s curb market show oil shares steady after price cuts. Midcontinent producers’ 20 percent production curtailment news came too late to move prices. mixed industrials shifted as public utilities rose and some equities fell.
Washington AP reports favorable response to government offer to exchange three and half percent five year Treasury notes for converted four and quarter percent bonds. Treasury declines to estimate interest savings. notes to be issued as series A 1930.42 dated March 14 1930 callable after March 1 1931.
New York reports heavy demand for U S government issues after Treasury proposal to refund the second Liberty loan at lower rates. Six bonds reached top prices since the wartime debt era with general market heaviness amid new offerings. Industrial bonds led activity while some oil and foreign issues faced selling pressure. Japanese market stability discussed as Wall Street remains confident in easy money.
New York on March 8 reports irregular currency quotations in cents for major nations. Rates show Great Britain at 480 1316 cab a 491 5 60 day fulls on banks, France at 90 6-8, and Belgium 1396, with other currencies such as Germany 22 70 and Norway 2695 cited amid a clutter of notable figures from international markets.
A summary of steady demand and financing activity with a mix of collateral loans maturing in 4 6 months and prime mercantile rates. In business news Routiern Darles Inc reports sales for the first two months of this year at 1 409 512 dollars, up from 1 287 881 dollars in the same period last year.
An AP dispatch from March 3 notes a volatile rubber market with unclear figures. The report cites inconsistent prices such as 40.20 for Bos 410 and 40 7-8 for July contracts, reflecting a disrupted trading day and unsettled ribbed depot values.
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