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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 17, 1926
Page
21
New York November 16 stock prices held steady as traders split into opposing speculative camps. Higher money rates shadowed gains from larger dividends and Standard Oil financing. United States Steel drifted after a high, while Baldwin and Woolworth showed strength amid general cautious trading.
Realty records show warranty deeds transferring holdings on Hallett Taft Clinton and Waldorf avenues. Quit deeds involve Saizar Benneth Gizela Sailgaren Julius Saizar and Edwards Clinton etc. Banks and trustees appear in transfers to William Stowe George Stowg Laon Stowe Mechanics Savings and Dover Street properties.
Copper quiet and steady with spot and nearby at 137 8, lead and zinc steady, iron unchanged, East St. Louis spot 7.25 and futures 7.25, January iron at 68.2, and the treasury general fund balance today listed as 176 212 042.23.
A. R. Erskine, president of Studebaker, announced that for every car sold in November and December in the cotton belt the company will purchase a bale of cotton at market prices and store it for subsequent months. Advertisements will run in the South tomorrow announcing the plan.
New York November 16AP closing Liberty bonds include Liberty 3 1 28 at 100.56 Bynet 4 1-?ds, Second 4 1-49 about 101.04, Third 4 1-45 at 102.24, Fourth 4 2-4 103.02 on Treasury 3 3 48 and 104.26 for Treasury 4s. Treasury 4s 11 4s 1N.
Chicago wheat firmed after reports of heavy rains in northern Argentina where harvests are underway. Wheat opened lower in Liverpool and Chicago but recovered to end around yesterday’s close with mixed changes across oats and corn. Provisions fluctuated, with declines up to 19 cents and gains up to two cents.
Foreign exchanges return quota figures from New York on November 16. Quotes cover Great Britain France Italy Belgium and other countries with demands for bills and cables in various currencies. Nations include Norway Sweden Denmark Switzerland Poland Czechoslovakia Jugoslavia Austria Roumania Argentina Brazil Japan and Portugal with precise per cent or dollar equivalents.
NY produce markets show mixed movements with butter firmer and creamery prices higher while eggs remain firm on large receipts. Potatoes and cabbages hold near steady as regional items like Danish white bulk and Long Island bulk oats display small shifts in price.
Rubber market in New York trading closes steady with December at 40.50, March/Match at 41.80, and May at 41.50. Smoked ribs quoted at spot 408-4.
Shipping notices show American Trader with London cargo, Roma from Alexandria, and United States from Copenhagen. New York reports clearing house balances at 131 million dollars, with balances of 110.5 million and Federal Breach Bank credit balance around 99 million.
The article discusses the show’s exhibitor trend from 1910 to 1926, noting rapid early growth, followed by consolidation and increased competition. It highlights a peak just under 190 exhibitors around 1910–1913, then a downward trajectory, with the sharpest drop observed since 1922 as firms consolidate to fewer larger companies and weaker producers exit the field.
Wall Street notes report Elbert H. Gray denying plans for extra dividends at U. S. Steel. The column covers October rail and utility results, new stock exchanges and surpluses, and anticipated dividends at several firms including Cincinnati New Orleans Texas Pacific, Columbia Gas and Electric, and Sharon Steel Hoop with earnings and production figures for copper and steel industries, plus activity in rail and tank building markets.
Cotton prices in New York were quiet at middling 22.96 in mid November trade. Futures ended irregular with declines of 2 points to gains of 2 points. December 12.55 to 12.58, January 12.00 to 12.64, March 12.81 to 12.89, May 13.04 to 19.66.
Call money firm all loans five closing bid five time loans firm mixed collateral sixty to eighty days four eight four four four to four four four prime mercantile paper four and a quarter to four two thirds
New York November 16 AP An uptick in time money rates to 4 3 4 percent did not stop bond prices from edging higher as trading slowed. Investors eyed a $120 million 6 per cent debenture offering by Standard Oil of New Jersey and a potential $54 million bond issue for Standard Oil Co of New York. St Paul obligations led railroad trading due to security deposits backing a reorganization plan. Strong issues included Frisco and B and O, Northwestern, I G Northern and D and R G. Treasury 4 1 4 0 reached a high of 108 before the move in money rates. Public offerings set for tomorrow include Potomac Edison 80 year 6 per cent bonds at 87 and Public Company of Illinois five year 6 per cent debentures at listed price.
Stock market data shows LO first grade rails at 93.45 with 2.63 change, utilities and industrial averages near 95 with varied sub figures. Total bond sales reach par value of 12.349 million.
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