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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Mar 18, 1926
Page
21
New York market dull with most stocks slipping amid bear pressure. Oil issues led declines as trading stayed narrow and weak, with Consolidated Baking, Metropolitan Chain Stores, Electric Refrigeration and other groups sinking on expected financing concerns.
Market snippet notes rubber prices for March through July with steady tone. Mentions copper and ad ribbed items, including specific spot values around 60.30 and 57.00, plus May and July quotes. References a rather exchange and May 39.40 levels within a brief commodity snapshot.
Foreign exchanges irregular with quotations in cents for many nations led by Great Britain at 496 3 1 panks and Belgium at 4.02 3 2. Demand figures cover several currencies including Italy 4.01 1 2 and Germany 23.80 with Shanghai at 78 3 4 and Tokio at 44 1 4. 60 day drafts noted.
Shipping notices list vessels arriving at Regina New York and New York ports from Liverpool Southampton and Constantinople with dates March 16 to March 17. Sailors named include Antonia accompanying trips to New York aboard ships such as Olympic and Empress of Scotland sailing via Southampton Vigo Hilo and San Francisco routes.
Copper holds steady in spot and futures around 14 1 8 114 to 1 4. Tin moves irregularly with spot near 66.00 and futures near 64.00. Tin irregular, lead steady at 8.20, zinc firm with near 7.45 to 7.59 for spot and futures. Antimony at 18.60 spot.
Cotton spot quiet with middling at 19.30. Futures settle barely steady with May at 18.66 to 18.67, July 18.19 to 18.20, October 17.52 to 17.54, December 17.18, and January 17.16.
New York AP report notes quiet bond trading as market nerves linger over the Geneva Conference collapse and ensuing Belgian franc turmoil. Belgian assets slip while investors await Brussels and London loan talks. Belgian budget balance remains the banking condition for a large external loan.
Liberty bonds rates shown for U and Treasury issues on March 17 in New York. Rosy figures include Liberty 3 7 1 25 and 101.1 with First Fourth and Second Third 4 1 43 to 108 price ranges. Treasury 4 1 43 107.27 and 33-48 100.1 noted.
Money New York reports call money steady at 4 1 4 to 4 1 4 with a last loan at 4 1 4, ruling 4 1 4, and call loans against acceptances at 2 3 4. Time loans firm with mixed collateral, ranges 60-90 days and 4 3 4 to 4 6 months around 4 g-4, mercantile paper at 4 1 4. Washington reports March 17 daily Treasury balance at 351,459,660.20.
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