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Bridgeport Telegram in Bridgeport, Connecticut

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Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Sep 19, 1927

Page

15

Autumn business gains across markets in steady week

New York reports broader recovery with fewer irregularities though agriculture and retail face weather impacts. Steel shows no big moves yet optimism grows for rail and farm-implement demand. car loadings hit a year record for early September but lag last year by seventeen weeks. Petroleum remains quiet as automotive and rayon boost textile demand. cotton and woollens steady with Canada grain yields eyed. Bank clearings rise, credit steady despite tax payments.

New York Associated Press Seminole Texas Hkewlee Ford Ecropa Canada

Rise of Industrials Break In Cotton Features of Week

New York markets show a sharp rise in high priced industrial stocks pushing industrial averages to record highs while cotton prices fall on official forecasts for lower prices. Money rates ease after mid month fund movements. bond prices hold steady with new offerings. Sterling hits a yearly high on capital exports to London. General Motors leads trading as large blocks push up prices. copper and utilities show strength, oils weak. December cotton option settles at 21.39 cents, down from week high of 22.84. Short futures drop 5 to 7 cents amid Canadian crop revisions and weaker grains.

New York Associated Press U. S Sterling Exchange London General Motors Lssues Cattom

Greatest Income Tax Gains for 1927 Seen in South

The 1927 tax payments by corporations and individuals totaled 2714 963 443 for the year ending June 30. The rise over the prior year was driven mainly by corporate payments, while individual payments rose modestly. The accompanying map highlights regional gains and losses, with Delaware and Oklahoma posting the largest percentage increases and several grain-growing Northwest states showing declines.

Souths Commissioner of Internal Revenue Idaho Montana Wyoming Northwest Delaware Oklahoma West Virginia Kansas Alabama Wisconsin Louisiana Tennessee Connecticut Virginia Texas Maryland Michigan Arkansas

23 Millions in Bonds to Be Offered Today

New York Sept 14 The Associated Press reports bond offerings scheduled for tomorrow include 29,308,000 for Detroit to be placed by a syndicate led by Harris Forbes and Company. The bonds carry coupons of 4 3/4 and 4 1/2 percent and are priced to yield 3 60 to 4 1/2 percent. Proceeds are to be used for variats.

New York Associates Press Detroit Harris, Forbes and Company Gnu

Alabama Highway Bonds Offered By National Bank Group

The First National bank group announces 66,000,000 state of Alabama Highway bonds at 4 and 412 percent gold bonds priced to yield 3.75 to 4.10 percent. The issue is tax exempt for federal and Alabama state taxes.

First National Bank Group Alabama

Copper Market Activity Expands After August Report

In New York copper trading surged following a favorable August statistical report. Producers showed stubborn firmness with a 13 1-4 cent minimum quotation for electrolytic delivery in the Connecticut valley. Export demand surpassed domestic, and copper prices remained firm with little change as consuming stocks appeared light.

New York Associated Pies Connecticut

Weekly Stock Price Review and Commodity Indices

A compendium summarizing Irving Fisher’s weekly price movements for wholesale commodities, dollar purchasing power, and stock returns. It includes Dun’s Review commodity averages, English and Italian price indices, pig iron production trends, and weekly/quarterly stock and volume figures from 1924 to 1927.

Irving Fisher Dun

Pig Iron Production and Prices Slip Through Year

A chart shows steady declines in pig iron production and prices this year with a dip beginning after the April peak. Industry estimates suggest the drop in prices was only lightly affected by peak production levels.

Heavy Bond Market Shows Little Recession Amid Tax Payments

New York report notes heavy selling yet no meaningful downturn in bonds as tax payments on September 16 and rising broker loans signal abundant liquidity. Government financing success boosts sentiment, with estimates of 1.9 billion in new issues for 1927 and domestic and foreign offerings planned.

Curb Prices Rise Amid Irregular Trading

New York curb market stocks advanced last week with frequent peaks and renewed interest in public utilities. Otis showed early strength but faced selling pressure. Bareitaly rose on a 14 2-7 percent stock dividend. Gillette Safety Razor and Johns Manville posted buoyant moves amid earnings prospects. Rayon issues led gains due to strong artificial silk demand. high price issues like Tubize silk and Curtis Publishing climbed on light volume. Rail stocks drew demand as new issues entered trading. Deutsche Bank and City of Nuremburg bonds were added as when issued. A curb seat sold for 33 000 dollars, above prior sales by 1 000.

New York Dept Associated Press Otis Bareitaly Gillette Safety Razor Johns Manville Tubize Silk Curtis Publishing

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