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.
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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.
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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.
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Souths
Commissioner of Internal Revenue
Idaho
Montana
Wyoming
Northwest
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Oklahoma
West Virginia
Kansas
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Wisconsin
Louisiana
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Texas
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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.
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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.
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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.
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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.
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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.
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New York Dept
Associated Press
Otis
Bareitaly
Gillette Safety Razor
Johns Manville
Tubize Silk
Curtis Publishing
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