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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
May 10, 1927
Page
21
Mellon action prompts expectations of lower rates as Liberty Bonds are hailed for easy money. Market quotes show declines in commodities and bonds, with Treasury notes and foreign exchange affected. Investors await further policy steps and bond issuance plans amid a cautious trading day.
The May 1 crop outlook reports a smaller winter wheat crop despite higher harvested area in some regions. It projects about 493,944,000 bushels of internal wheat, with rye output around 3,582,000 acres sown and 2, E001 acres harvested, while average ten-year yields and regional conditions are used to gauge total production and area trends.
Fragmentary OCR text offers limited readable facts about a person or event. The readable words suggest names and actions but lack clear context, dates, or locations to form a coherent summary. Further readable text is required to provide a factual card.
The senate inquiry examines automobile depreciation and suggests the average loss in value. It notes Capenses and Hod discuss the impact on the motor trade, while Ms Gane and others respond to the findings. The report references an 18 mile operation and a 44 percent depreciation rate by the end of the period, with ongoing discussion about future trends.
Stock records show mixed activity with notable gains and losses across sectors. Investors watched Piselienges rise to £477 in value while other equities experienced modest shifts amid fluctuating market momentum.
New York report shows demand for public utility issues amid rising earnings in a growing industry. Trading was broad with most price moves fractional. United Gas Improvement hit a new high at 107 7 8, Mohawk Valley and Mohawk Hindson active. Brooklyn Union jumped five points to 2 80, others mixed. Granby rose on profit taking. Foreign division subdued with Chilean buys. Erie 3s offered around 50,000,000 issue noted.
A garbled international currency list shows varying rates for several countries and currencies, including guesses at Italy Germany Norway Sweden and Argentina. The item mentions exchange values such as 11.40 and 1.76 with scattered numbers and names, reflecting a confused historical market quote.
Bond markets remained firm as expectations for loose money supported prices. Treasury notes and bonds saw gains with 3 1/2s and other high grade issues rising while rail and utility debt attracted activity. Procter and Gamble reached a new high near 109 1/8 as some equities firmed amid mixed sector moves.
Market notes list varied produce prices and quantities from New York and Maine, with items such as onions cabbage milk cheese and butter. Entries reference per barrel per bushel and per sack rates, noting freshness and storage status, and include scattered measurements and quality descriptors from local producers.
Market activity in New York showed futures trading with varied moves. Prices for May and October held near unchanged levels while late contracts drifted lower.
Washington May 9 The New York Federal Reserve reported loans to brokers and dealers increased to 2 919 928 068 dollars as of May 1 up from 2 882 094 068 dollars the prior week. The Federal Reserve Board announced today.
Auction records from London in May show 8.5 bales sold at the wool sale. Shippers and buyers gathered amid market activity, with tallys indicating demand for fine and common lots.
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