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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Mar 16, 1926
Page
21
In New York the market swung on rumors of a Florida land boom ending the morning firm then slipping in late trading. Southern Railway led losses while petroleum and chemical issues rebounded. Union Carbide and others posted solid gains as foreign exchange and rates shifted.
The new income tax law affects you as a municipal bond holder. A charted leaflet shows how much you can increase net return from investments. Call or write to obtain the leaflet with these charts.
Bridgeport telephone Barnum 7978 lists Hemphill Noyes Co Mambera and a NYSE presence with offices in New York Philadelphia Boston Pittsburgh Albany and Syracuse Scranton including the City Savings Bank Building address in Bridgeport with a listed telephone.
Liberty bond market update from New York notes closing prices for various issues. Liberty 3 1 28 at 101 First 43 at 201.14 Second 4 1 4s at 100.27 Third 4 1 48 at 101 Fourth 4 1 45 at 102.16 U S Treasury 4s list included.
Wilmington Del March 15 AP Lammot Du Pont was elected president of Du Pont De Nemours and Company succeeding Irenee Du Pont who declined re election.
In New York on March 14, closing prices show cocoa and rubber largely steady. Rubber smoked ribbed sheets traded spot around 61.25 with July at 63.75, while other futures for rubber range from 50s to mid-60s, including March and September contracts.
Money market in New York remained steady with call money pegged around 4 1/4 percent. Offerings closed at 4 1/2 percent after a day of unchanged rates and a late loan activity noted by brokers.
Cotton spot quiet with middling at 19.35 cents. Futures closed steady with declines of one to three points on May 1871-73, July 1N,25, October 7, December, and January 17.
The daily Treasury statement shows Balance general fund today 340,247,085 with details reflecting the government’s cash position in the balance.
Foreign exchange table shows Marek Wregyl and New York dealings. Countries including France Italy Norway Sweden Denmark Switzerland Denmark and values quoted with demands and percentages in a fragmented OCR readout.
Fragmented market report shows grain futures in Chicago and Liverpool with May and July prices sliding and rallies fading. Corn and oats mixed as pro- duction expectations shift, wheat unsettled, and provisions lower amid volatile price activity overseas and at home.
The report notes May 11 rises in crude output and domestic production, with a seasonal peak in summer 1925. It cites a widening gap between consumption and supply, little stock buildup, and declining petroleum storage nationwide except California. January crude imports hint at growing foreign supplies influencing future domestic supply.
New York stock activity showed irregular, small declines in a dull curb market. Total volume reached 375000 shares with Oils featureless and General Petroleum bid through an exchange. American Gas dipped, Electric groups softened, and several names like Sparks-Withington and St. Regis Paper fell on light trading. Bonds saw a notable drop in Northern States Power bonds to 142.
Reported 1925 net income gains for Colorado Vuci and Prairie Pip Line rising sharply from 1924. Prairce Pip Line earned 18.05 a share, surplus jumped to 1.55 million, while Famous Players-Lasky posted 6.72 million after charges. Public offering of 15 million Moridast Coast Railway bonds oversubscribed. underlying property values also increased.
Copper futures and spots show little change on March 15 in New York with electrolytic copper at 14 1 8 to 14 1 4 and nearby futures steady around 64. No. 1 Northern copper quoted at 21.2, No. 2 Northern at 22.06 to 28.00, East St Louis spot antimony at 18.50.
Erratic stock moves and bond market unsettledness driven by railroad sector weakness and Belgian financial concerns. Railroads including Seaboard Air Line, Norfolk & Western, and Atlantic Coast Line saw varied trading, with Seaboard hardest hit on Florida real estate rumors. some issues showed strength like St Paul and Denver Rio Grande while others faltered as Canadian and utility offerings planned.
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