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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 21, 1927
Page
16
A weekly stock review notes improving sentiment amid expectations of a 1928 trade revival. Steel and textiles show progress, rail and oil demand rise, while mortgage and bank indicators turn positive as investor optimism grows for the coming year.
The article analyzes a long downward trend in the cost of living in the United States since 1825 with the 1914 base, noting costs about 6 percent above that level by early 1927 and 72 percent above prewar levels in 1925. It cites rising dollar incomes, high wages, and continued purchasing power with a caveat on uncertain duration, while mentioning sector-specific gains and ongoing commodity price fluctuations and new market entries.
The Second Liberty loan retirement released about 350 million dollars for reinvestment, boosting bond prices to their highest since 1913. Treasury issues moved at record levels while nearly 300 million of the original offering remained outstanding. New issues totaled around 85 million, with Norwegian Hydro Electric leading, and Japanese financing rumors persist. Gasoline prices fell to 17.94 cents per gallon across ten regions, down from 18.04 cents the prior week.
Funeral services were held for Thomas B Brown longtime president and organizer of the East Hampton Trust Co and Middlesex County sheriff. Rev Frank B Stepp presided at South Congregational Church with Anchor Lodge F and A M in charge. Directors and close friends served as bearers. Burial followed at Skinnerside Cemetery. Also noted is a Tokyo Electric Light order for a 26000 kilowatt turbine generator from Westinghouse Electric.
Electric Wald reports utilities buying on a softer pace but industrial demand rising. Buying by central station companies may improve after year end. In the southeast several textile mills plan expansion with over 100000 dollars in new electrical equipment.
A promoter group markets a rare investment chance claiming ties to The Celorex Company and offering to fund and manage a new corporation producing a vital product. Firm bank references and a damper package will be provided via a coupon request addressed to The Southern Sugar Company at 342 Madison Avenue New York.
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