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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 17, 1927
Page
24
New York November 16 Frequent shots of speculative sentiment marked the market with gains and losses close. Most industrials eased while many specialties hit new highs led by Missouri Pacific preferred on unconfirmed dividend news. Bonds benefited from retirement funds while rail stocks showed little action and a mixed trade news day.
Irregular action in the curb market as profit-taking trimmed recent buoyant issues by 1 to 4 points while pools elevated leaders among specialties and oils despite an unexpected rise in crude output. Standard of Indiana led gains, with Standard of Kentucky and Vacuum following before Vacuum faded. Gulf Oil faced profit-taking after touching 99 1-2, and utility shares drifted.
North German Lloyd, an 1857 formed company with 17 passenger and freight lines reaching 150 ports worldwide, reports net earnings over 3734 times net annual interest on outstanding funded debt. Market price yields about 6.55 percent. Listed on New York Stock Exchange with Bridgeport and Philadelphia connections.
Copper remains steady at electrolytic spot and 13 1 2, tin steady near 57 12, iron unchanged, lead at Newark 625 and East St Louis 600, zinc firmer near 567 to 570, antimony at 1075. Dignitary noted in valuation context.
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