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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 17, 1927
Page
25
U S loan retirement drives increased demand for liens as bond issues rise. Treasury performance strengthens, with new prices and listings expected, including Norwegian Hydro Electric and General Cable corporation. Railroad mortgages stay firm amid dividend plan talk, while industrials show mixed activity and utilities regain strength.
October steel sheet deliveries fell to 234 358 tons from 258 427 in September with last year at 212 029. Franklin Dobner named National Biscuit director. Howard Tomlinson succeeds H Whitney. Goodyear preferred stock exchange option. books open Oct 1 and close Nov 30 for a 25 percent extra dividend on Jan 1. Patterson optimistic on American firms abroad. European recovery appears solid with declining unemployment. Venezuela crude output rose in October to 6 023 704 barrels, ten month total 50 172 107 barrels. Mergenthaler Linotype earned 70 4 cents per share, down from 1 02 5. Commonwealth Power earned 12 132 004 for year ending Oct 31.
A dated list presents farm and market prices for fruits vegetables poultry dairy and livestock. It includes apples oranges lemons grapes cranberries pears cornish peppers onions lettuce tomatoes and many items with price ranges per unit or quantity. Also shows hay grain and animal products with dealer door prices for 160 lb lots and 196 lb flour.
New York markets announce dull potato receipts at 982 cars with ranges across Long Island Green Mountain and Maine. Butter maintains strength with 8,823 and 13,124 unit receipts. eggs show varied pricing across local and western henneries and Pacific Coast consignments.
Interstate Commerce Commission experts assess a bid by New York Central Baltimore and Ohio and Nickel Plate to join Wheeling and Lake Erie as directors. They recommend retracing steps to keep Wheeling independent, while continued minority stock moves and board attempts proceed under review.
New York November 1. Associated Press reports firm foreign exchange quotations in cents for major currencies. Great Britain demand 487 1 4 cables 487 5 8 sixty day bills on banks 483 8 8. France 342 15 16 and cables 3 93 3 16. Italy demand 44 1 4 cables 5 44. Belgium 1394 1 2 Germany 23 85 Holland 40 37 Norway 26 51 Sweden 26 92 Denmark 26 78 1 2 Switzerland 1928 1 2 Spain 17 01 1 2 Greece 232 Poland 11 25 Czecho Slovakia 290 1 4 Yugoslavia 176 1 4 Austria 14 10 Roumania 62 Argentina 42 68 Brazil 11 97 Japan 45 56 Shanghai 64 00 Montreal 100 17 3 16 Portugal 5 00.
Chicago wheat prices slipped after an Argentine crop report described new wheat as generally good with notable damage. December wheat opened 128 1 8 to 1 3 4 and settled 1 to 7 8 cents lower, with corn and oats easing alongside wheat and other grains. Provisions held steady, with minor moves across futures.
Money New York reports steady call money with all loans at 3 1/2 and closing bid 4 1/2. Time loans remain steady with mixed collateral for 60 to 90 days at 4 to 4 1/4 and 4 6 months at 4 1/4 to 4 1/4, prime mercantile paper at 3 3/4 to 4.
A New York Federal Reserve index shows all prices including industrial and farm prices rents transportation and wages has fluctuated little over two years while commodity declines and security gains dominate headlines. The general level stands about 75 percent above the 1913 baseline, far below the 1920 peak about 100 percent higher.
Realty transfers list several deed actions involving Main Street South Avenue Hamilton Street Rose Street Lake Avenue Brooklawn Avenue Bassick and Butler avenues Clinton Avenue Parallel Street and more. Noted prices include 4227.87 on Brooklawn Avenue 1400 on Bassick Avenue and 3925 on Clinton Avenue among others. Entities include Peare Wilson Anna Bradley Rose Stern David Katz Evelyn Watkins Jennie Tedosa Willis Crosley Cecelia Pascal Lewis Wakeman Paririelk Cunningham Carl Anderson Marguerite Jacobson and Cedar Mechanics and Farmers Savings Bank.
Transactions include Tex and Farmers Savings Bank Realty on Hewitt Street totaling 2500 dollars with quitclaim deeds from James A Pearlman to William Schwartz Patrick J Doran administrator to Pauline Galpin Rose Stern to Philip Glasner Eugene T Brummer to Aorunam Rosenberg and The Bridgeport Land and Title Company as trustee to Carl A Anderson.
Cotton futures ended barely steady with declines of 11 to 14 points. December 1967 to 1964, January 1973 to 1975, March 1993 to 1996, May around 20.10 to 20.11, July 199B. Spot middling around 20.10.
Stock averages for the week show Industrials around 117.04 on Wednesday and 146.27 on Tuesday with broad totals listing par values and share turnover. Bond market figures include combined averages near 99 and a reported total bond sales value of 614,212,000 as of the latest par sale.
James Harding fifty five a civil engineer of Mt Vernon N Y was instantly killed at South Canaan today when his automobile skidded and went through a fence overturned pinning him underneath His head was crushed A state police officer of Canaan barracks investigated the accident Harding was accompanied by his wife and two sons They had been visiting friends at Falls Village and were on their way in South Canaan when the accident happened The other members of the family escaped injury
Henry C Bell fifty six a lawyer connected with the brown stone quarry industry in Portland died after an operation at St Raphael's Hospital New Haven He had been a Washington contractor before returning to serve as secretary of the Connecticut Steam Brownstone Quarry Co He leaves Mrs Dei four sons and two daughters Also mentioned is the Treasury balance general fund on November 16.
Shipping reports include the Vestris arriving in New York from Buenos Aires on November 16. Separate notices list vessels President Lincoln Manila Seattle Colombo and Naples all dated November 16. Additional details are unclear due to fragmented OCR.
Liberty bonds figures reported from New York on November 16 show varied bids and asks across several issues. First liberty bonds 4s and Treasury notes display mixed activity with quotes around 4 1 4 to 4 3 4 and nearby yields, reflecting fluctuating demand in late trading.
The library of the late Professor James Mavor, rich in masterial relating to Canadian economic development, has been sent to Harvard University. Professor Mavor long held the chair of political economy at the University of Toronto. Clearing house statement notes Exchanges at 1,946,000,000 and balances at 144,000,000 with the Federal Reserve bank’s credit balance at 123,000,000.
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