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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
May 04, 1927
Page
21
New York May The stock market rose again led by gains in General Motors and other railroads as easier money rates supported buying. Bonds moved, dividends remained steady, and several major issues showed net advances while some names fell on news and rumors.
Stock market averages show week over week and year over year changes across multiple issues. The report lists daily figures and combined indices including bond and industrial averages, with par value sales and broader market indicators.
The May balance shows the general fund at 2078.44 with the Treasury reporting figures for arts grants. The document summarizes the US balance against the arts program funding and general fund status.
May 3 AP report shows irregular curb market with overall uptick. Utilities led gains with American Tight and Traction up to 4, closing at 249. Blackstone Valley Gas and Electric rose almost six points to a new high. American Cellulose hit a high before profit-taking. Shares rallied on short covering amid expectations of production cuts. notable strength in Standard of Indiana, Osage, and Hennoja Type Line, while Swedish Match and Mandel Brothers fell.
Atlantic Refining directors told stockholders at the annual meeting that dividends on common stock will be expa rtor use divided by mid year with a probable quarterly payment not exceeding one dollar per share due to industry losses. Management plans to retire remaining 2,000,000 of 4 1 2 per cent notes and reelected directors.
In New York May 4 demand centered on low priced bonds amid light volume but firm prices reflecting easy money. Polish bonds showed window dressing before an 80 million loan rotation. Erie bonds rose with stock strength while Union Gas and other utilities hit new highs. government issues remained firm with Second Liberty 4s and Treasury 41 48 trading solidly.
From January through mid April stock prices rose on average and did not exhibit the winter and early spring weakness seen in 1928. The final week of last month showed a backward tendency, but far milder than February and March of the previous year. An accompanying chart compares current railroad and industrial price averages with last year, via Standard Statistics indices, amid diverging forecasts for future levels.
A list of warranty and quit claim deeds recorded for properties on Hawley, Ridgefield, Everett, Railroad, Willard, Lisworth, Capitol, Barnum and other streets. Transfers include Jank McKeever to Schone and Silverstone. Micheel Carlani to Zappala. Bridgeport Land and Title Co. to Michael Varton. various mortgages and quit claims with prices like 1000 dollars and 700 dollars. Names include Jank McKeever, Harry Schone, Louis Silverstone, Angelo and Nena Zappala, Michael Varton, Thubla Town, Frank Sheranas, Vincent and Eva Borowski, George Demsky, Leopold Cohn, Eunice Selleck, Huson Capital Holding Co., and others.
Shipping notices show vessels arriving and departing with ports including New York Naples Copenhagen Glasgow Liverpool Philadelphia Shanghai Genoa Hamburg Southampton Vigo and more. Entries mention multiple ships with dates in May and April across international routes, reflecting a busy trading period in maritime activity.
Money market notes from New York show easing conditions with mixed activity across primary financial instruments. Time loan rates hover around steady levels while prime lending slightly shifts, reflecting modest changes in short term debt markets amid daily trading conditions.
A dense OCR listing of Connecticut securities and insurance names, including Aetna Casualty Life and General Life, Hartford utilities and manufacturing concerns, and several: Am. Hardware Corp, Manning Newman, New Britain Mach and Santiago. compiling a catalog of Hartford area corporate entities, brokers, and insurers with scattered figures and notes.
Incomplete OCR text from a New York market note dated May 3 covers price quotes and spot prices with unclear commodities. Mentions East 8t. Louis spot, bank references, and a partial ALAMCEN bank statement, but key details are obscured.
Snapshot of listings from a historical price page showing numerous banks and insurance stocks. Includes Bank of America Bank of New York National Bank Commerce National City Bank and related institutions with varied quoters and several unclear spellings.
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