Bridgeport Banks Plan Higher Savings Rates and Quarterly Compounding
Speculative operators push stocks down as Bridgeport Trust Co signals a rise in savings interest from 4 to 4.5 percent with quarterly compounding. City National Bank and Mechanics and Farmers Savings Bank may follow, amid a broader local trend among mutual and national banks sensing rate adjustments.
MENTIONED IN THIS ARTICLE
Bridgeport Trust Co
Trust Company
People's Savings Bank
Peopes Savings Bank
eCity Savings Bank
Hic
Mutual Savings Bank
Tt Iz
Board of Trustees
The
Bridgeport Savings Bank
People’s
City Savings
National Banks
Tt Wis
City National Bank
Mechanics and Farmers Savings Bank
Mutual Savings Banks
Mechanics Bank
Pittsburgh Coal Declines After Dividend Announcement
Speculators drove stocks down across the board with Pittsburgh Coal dropping about 10 points after news that the directors passed the regular quarterly dividend. Traders noted limited fresh buying power, various railroad and steel shares weakening, and overall market softness amid tensions in the Near East and rising bond concerns.
MENTIONED IN THIS ARTICLE
Pittsburgh
Burns Brothers & and B
Silk consumption rising signals revival of luxury trade
U S silk demand climbs driven by revival in luxury goods. Mills used 24,772 bales in August, highest consumption rate on record, with imports near 5,090,000 pounds monthly and stocks down about 20,000 bales. Government data show a 4 percent rise in average monthly consumption in 1926 as embargoes ease and buyers return.
MENTIONED IN THIS ARTICLE
Ralph
Coucie
Washington
United States
Une
of Theral
Maren
Commerce Department
Grain market shows firmer tone with varied creamery quotes
Grain market activity remains strong as butter and creamery products firm. Prices shift with higher scores and thinner ranges for whole milk and other dairy items. Nearby whites and fancy grades rise while lower grades ease slightly, reflecting a tighter market.
MENTIONED IN THIS ARTICLE
New Vow
Peu
Marke
Local Mortgage Loan Money More Abundant
A report shows a loosening in real estate credit as banks and real estate brokers invest heavily in mortgage deeds in the past week. Total bank and broker investment reached 113.7 thousand dollars, up about 620 percent from the prior week’s 70.25 thousand. Loans by individual lenders and brokers totaled near 9 percent less than the overall loans reported, with only 5,673 dollars extending old maturing loans.
Liberty Bonds Lead Market In Bad Break
In a weak bond session Liberty issues fell 20 to 32 points with Turberry 3 1-2s hit hardest. Foreign bonds like Pragun 71%s dropped 2 1-4 points while Brazil 78 and Cuba Railway 58 edged lower. Domestic rails and utilities such as Brooklyn Rapid Transit and Third Avenue adjusted amid losses. Total sales totaled $21,432,000 with no notable new offerings.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
Republic-Midvate
Inland Steel
Republic
Midvale
United States Steel
Standard Oil of
New Jersey
Standard of California
Ase
Gus States Steel
Mexican Petroleum
Baldwin
Studebaker
SPW
Turberry
Pragun
Danlsh Municipal
Paris-Lyons-Mediterranean
Brazil
Anton Turgens
Cuba Railway
Brooklyn
Third Avenue
Brooklyn Union
Stampa
Ny Interborough Fhsune
Milryadange Indus— Triad
Nists
Gtrove
Ohio
Paul Convetible
Chile
Frisco
Southern Railway
Chicago & Alton
Seaboard
New York Centrals
Colorado & Southern
American Smelting Sa
Colorado Industrials
Metal Market Summary and Factory Payroll Surge
Metals in New York steady with mixed spot and futures, prices listed for Capner dul, Tinnusier, Tron, Loar, zinc and antimony. New York call rate and loans feature, with prime commercial paper quoted. Manufacturers association report shows employment at 64.2 percent of normal, highest since late April 1921, payrolls 16,266, and total hours at 65 percent of normal.
MENTIONED IN THIS ARTICLE
Tinnusier
Tron
Loar Firm
East St Louis
Also Mentioned on This Page
Bridgeport Trust Company
Allis Aa Chaim
C & Ry
Cot & Pt
Bom
Rams
France
Dale
TL & T
Anado Co
Frulp
Beth Steel Beahs
Beth St
Gaddo Oi Nee
Pacific Oath
Lear Pf. Chuind
Ches & O
RI & P
WI & P
Croc
Erie
Os AG
Mer Marine
North Amer
Penn RR
Ren Iron & S
Ag Ag
South Pac
Veadtes
Udelaker
Shin
Texal
Texas Pac Ette
Videwat Co
Union Pac
al Sr. i
TT & Steel
Mary
Son Ag
West
West Air Br
Wickwate St
Willys Olan Ih
A. Ae O'd. Pr. AW
Barnum
Equitable Industrial. Loan Society
Fairfield Ave
Beneficial Loan Society
Liberty Building
Main St
Ile State
Bridgeport Chamber of Commerce
New York
Janet Raceod
Lackawanna
Cheaspeake
Reading
Delaware and Hudson
Lehigh
Central of
Bntimary
Union Pacific
Atchison
New York Central
Southern Pacific
Milcs Jai
Renz
Lord
Ley
Pitts
Inc
St Print Clot & Sands
Molin
Fan
Iga
Low
Taal
Rolie Wheelon
Aimount
Guy Savings Bank
Gite National Bank
Bridgeport Savings Bk
Schnee
Securit Bs
Toon Home Bia
Park City
Loan Asst
Baspt
Weat Side Trust Co
Morrisy
Wey Wood & Yarbrough
Liberty Bonds
Elie
Vienna
Teroven
Stockholm
Sopeningen
Spain
Berlin
Metal Market
Capner Dul
Valuge
Pennsylvania Power & Light
Pennsylvania Power & Light Company
Pennsylvania
Allentown-Bethlehem
Wilkes-Barre
Hazleton
Hincks Bros. & CO
New York Stock Exchange
Investment Bankers
Bridgeport
Conn
Hus
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