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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Mar 29, 1928
Page
24
New York trading remained volatile with broad gains despite profit taking in speculative favorites. Heavy fundings for quarterly settlements lifted call money to 5 percent while steel, rail, and several industrials hit new highs before paring. Wheat rose on acreage cuts. cotton and coffee eased as pesetas weakened slightly.
Washington March 28 The daily Treasury statement shows balances in the general fund and various bank stocks and insurance quotations. The list includes names such as Warner Bros, Monet, Hoyt, Woolworth, and Yale among others, with figures and notes scattered through the OCR text.
A jumble of figures, currencies, and bond listings from multiple markets appears in a dense OCR excerpt. It references Argentine, Belgian, Australian, Chilean, Brazilian, Canadian, Austrian, and Norway related bonds, with varied percentages and dates. The chaotic lines imply market activity, yields, and trading terms without coherent narrative.
Southern Pacific Corp reports a drop in earnings with common stock at 902 dollars per share for 1937, down from 1042 the prior year. Net income declined to 24,702,524 from 38,791,374, while railway operating income fell by 4,192,649 and surplus to profit and loss stood at 32,196,344, about five billion less than 1926.
Foreign exchange rates quoted in New York show steady demand and bid levels across major currencies. The list includes Great Britain 487 3 4, France 93 1 2, Belgium 12 95, Germany 23 99 1 2, Holland 40 24 1 2, and several others with cables and 60 day bills noted, reflecting a cautious trading tone.
Copper firm and tin steady in New York trading as electrolytic and futures hold. Lead remains quiet at spot and East St Louis levels around 600 and 682 1 2, with antimony near 975.
Cotton futures closed barely steady with losses of 9 to 13 points across May 1940 to 1941, July 1924 to 1925, October 1882 to 1885, December 1871 to 1372, and January 1868. Spot middling state of market noted as quiet.
New York trading pace showed unusual activity and firmness as investors shifted funds to high grade bonds, led by public utilities and rail issues. Denver and Rio Grande Western hit a yearly peak while new issues supported gains. US Mexican air dispute settlement influenced Mexican and foreign obligations. Canada Power and Paper offered 6 1/2s, yielding about 6 1/2 percent, in a non‑new issue exchange deal with Lauren tide Co. Ltd.
New York March 28 butter steady with creamery prices higher than extra grade, 1-2 cents above. first and extra 91 to 92 cents. eggs irregular with receipts 47,931 cases. potatoes dull with 20 car shipments. Green Mountain bulk 180 pounds at 7.525, Long Island 0.565 to 0.60, Bermuda in barrels 0.60 to 1.25, Florida 0.90 to 1.00 per dozen or per unit as listed.
Shipping news shows vessels arriving in New York and other ports with March 27 and 28 dates. It includes ships such as Liverpool Aquitania, Conte Rosso Gener, York Muenchen, Oscar IT Oslo, France, Heilig Olav, Ryndam, Deutschland and Hamburg Reliance across routes from Southampton, Cobh, Marseille, Rotterdam, and Copenhagen.
The Clearing House New York issues its March 28 statement showing exchanges totaling 1,411,000,000 with balances of 136,000,000 and Federal Reserve banks credit balances of 122,000,000.
A fragmented listing references Hemphill and Noyes C Membara connected to New York Stock Exchange and City Savings Bank Brig noting multiple cities including New York Philadelphia Boston Pittsburgh Albany Baltimore Syracuse and others in a postal or telephony context.
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