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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Oct 17, 1927
Page
13
A weekly business report notes signs of momentum but ongoing slow start in key sectors. Ford plant resumes awaited amid uncertain steel markets and lagging sheet demand. Shipping, coal, and oil show mixed gains with overproduction a continuing concern.
Yale economist Fisher argues hand to mouth buying is a myth and that inventory losses harm value in a period of falling prices. He cites Hoover Committee findings and notes retailers have sharply reduced stocks since 1912, signaling widespread economic waste unless inventories are managed.
The article challenges the belief that Americans pursued only hand to mouth buying. It cites Department of Commerce statistics indicating the perceived reliance on such buying may be overstated and notes the shift in economic behavior, with remarks that the idea may have been exaggerated.
During the last twenty five years eating patterns shifted from few public meals to mass dining. Estimates from Management Magazine indicate 75 million meals daily in cat and rail outlets, clubs, schools, and workplaces, totaling about 246 million meals served daily by caterers and eating places. An accompanying diagram shows meals served daily across restaurant types.
Bank and Insurance Stocks show steady activity while dining sectors expand. Hotels and cafeterias serve millions daily with schools offering tens of millions more lunches. The rise in per capita wealth fuels demand for leisure travel and education, boosting hotel restaurant business.
Secretary President Coolidge has left Washington for a two week vacation. The Associated Press reports Everett Sanders embarked on a rest period with Jesuit connections noted in the retreat.
New bond offerings after the Columbus Day recess topped 200 million dollars, with foreign loans leading the surge. The bulk featured 41.6 million from the American portion of a 845 million Brazilian issue, a 30 million state of Prussia flotation, and a 50 million German Renten bank bonds. Markets absorbed the issues, signaling easy money conditions and sound finance despite some profit taking. A Polish loan of 87 million was expected to market soon, as domestic loans including a 66.6 million Youngstown Sheet and Tube refinancing plan joined a 60 million issue. Government and industrials showed varied activity with second Liberty issues retreating while new offerings reached about 82 million dollars, compared with 60 million the prior week.
New York Oct 16 By Associated Press A wave of bond offerings pushes weekly totals above 300 million for the sixth time this year while 1927 highs arise on German and Dutch exchanges. Prices show little general change amid heavy short selling and eased credit. Gold shipments loom as a risk, with Argentine British German and Dutch markets near capacity. Commodities drift with cotton and wheat weak and coffee and sugar modestly firmer.
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