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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Sep 16, 1927
Page
21
New York September 15. Violent bidding pushed General Motors and United States Steel to record highs, with old and new GM shares reaching strong tops and contributing about one-fifth of the day’s total trading. Dozens of stocks advanced, some by 1 to 9 points, while others slid 1 to 5 points.
New York September 15 Reuters report shows foreign exchange quotations in cents for major currencies. Great Britain 484 3 8 cables 480 3 8, France 582 cables 392 38, Italy 643 3 4 cables 544 4, Belgium 1392, Germany 2378, Holland 4004 1 4, Norway 2642, Sweden 2687 1 2, Denmark 2675 1 2, Switzerland 1628 1 2, Spain 1691 1 2, Greece 133, Poland 1120, Czechoslovakia 296 1 4, Jugoslavia 176, Austria 1408, Roumania 62, Argentina 4281 1 4, Brazil 1187 1 2, Tokyo 4700, Shanghai 6137 1 2, Montreal 10003 1-8.
New USDA index shows farm land values 19 percent higher than prewar levels, down from peak 69 percent in 1913. Declines vary regionally with East, North Central, and Mountain States showing smaller gains. Despite the drop, farm product prices average 32 percent above the prewar level, influencing farmer profitability and investment decisions.
Chicago prices rose for wheat and corn after a wavered start with cooler belt weather seen as bullish. Wheat advanced across contracts, corn opened lower then climbed over 2 cents, oats firm, and provisions trended up.
A chaotic OCR snapshot shows New York produce quotes with potatoes and onions listed by weight, and beef and poultry receipts costing varied amounts. Several items reference nearby markets and prices, including standard retail ranges from 28 to 64 cents per unit, and trucks or storage terms.
A dense historic price table lists apples lemons cantaloupe and pears by box or crate, table grapes Malaga Jutce grapes and many vegetables with range prices per lug basket bale and dozen. Poultry and dairy produce include eggs dressed fowl butter and lard with varied per dozen or per pound rates, plus hay and grain prices by 10 lash or ton.
The page lists multiple mortgage transfers and realty deeds including Carrie Fox to City Savings Bank Realty on Savoy Street, Harald Lyons to Home Savings and Loan on Puliside Avenue for 1500, James Harbinger to Hyman Dyotronically on Prospect and La Fayette for 5500, and several other transfers involving North Avenue Clarkson Nine Gilman Street Palisade Avenue and various lenders.
A cryptic market update notes shifts in bets and odds for rubber futures in New York. It mentions dates around September and December 2010 and advises monitoring prices and Atcochat red Presid Mubinr tates for context.
An analysis of how households, especially women, increasingly use newspaper market pages to track prices for groceries and goods. It discusses the value of price quotations, the impact of advertising on shopping habits, and how weather and market conditions influence future costs. The piece ties consumer buying to broader market trends and daily price consciousness. It cites Washington and New York market observations, noting shifts in staples and the effect on household budgeting.
Copper demand shows improvement with prices around 13 1 4 cents per pound and offerings withdrawn as the market stabilizes in Connecticut valley delivery. International Shoe Co reports August shipments at 9 14 9 2 million, ahead of last year, while new trust company subscriptions near 200 000 shares from 300 subscribers. Directors named for Germanic Trust include James A Beha and Robert F Henick. Automotive firm Townsend notes slower current quarter but expects strong final quarter with proportionate dividends. Reynolds Spring offers rights to acquire one extra share per seven held at 6650 per share, record Oct 9. expire Oct 4. New York Fed holds rate at 3 12 per cent. North American Water plans acquisitions in Pennsylvania and Illinois. Sineilean Hide and Leather approves common stock split from 8100 par to 100 par with 11 5 million outstandings.
New York September 16 By Auscelat ed Press bond market absorbed new liens totaling about 85 million in new offerings. Detroit city’s 61,940,000 issue drew a premium and high turnover while Peruvian, Polish, and German issues saw varied trading. Utilities and industrials drifted lower with modest losses. Northwestern and Marina 65 hit highs amid active trading. Tomorrow’s offerings include Gatineau Power 30 year bonds and AE Staley 65 notes.
Liberty bond quotations from New York show first 4 1 4 weeks at 1017, second 4 1 48 at 10017, third 4 1 4 at 1041, Youth 4 1 43 at 1041, Treasury 4 1 48 at 11330, Treasury 43 108261, Treasury 3 3 48 at 10310. The brief lists several maturities with fluctuating prices and yields.
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