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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Sep 30, 1926
Page
21
Irregular stock closings followed spotty trading as the market faced unsettled conditions after adverse Teapot Dome developments. Prices swung, with some issues down several points while others recovered marginally as investors awaited Fed remarks and rediscount rate expectations.
Foreign exchanges in New York on September 2 show varied quotations for major currencies. Notable rates include Great Britain 484 4-4 and cables 495 1-4, France demand unspecified, Italy demands 83, Belgium and Denmark around 2 1/2, Switzerland 19, Czecho-Slovakia 1.70, Austria 14.12 1/2, Argentina 46.81 1/4, Brazil 14.90, Tokyo 4, Shanghai 64.93 4-4, Montreal 140.15 3-8, Portugal 5.1.
Chicago wheat rallied 7-8 cents with strength in the market amid unsettled crop outlook, while corn and oats moved modestly as traders weighed supply cues. Prices showed broad strength though some markers indicated caution, with oats and related futures tracking steady to firmer tones.
Los Angeles Lage announces a private wire link from its New York Office to affiliates and key investment institutions in Albany Atlanta August Baltimore Boston Bridgeport Philadelphia Buffalo Pittsburgh Chicago Cleveland Columbus St Louis San Francisco Grand Rapids Seattle Jacksonville Syracuse Tangtor, establishing a nationwide financial communications network.
Traders report a persistent fear that higher interest rates from the New York Federal Reserve will curb acceleration in securit ies. The Dow and industrials show mixed moves as bond futures drift and select equities waver. Notable shares such as Aluminum Company of America and Kraft Jersey Zinc trade heavy amid uncertain near term demand.
New York market bulletins show varied figures for produce with scattered figures and notes on shipments. Apparent prices and receipts are listed with several garbled entries, including references to extras and nearby districts, reflecting a noisy OCR from the day.
Fragmentary report lists race times and placings including Athonos at 14.25 seconds. Other details unreadable but indicate a track event with multiple competitors and speeds.
A terse financial blurb notes figures for September 29 and December and May values 4350 and 43.90 with reference toOther financial news on page twenty three. The fragment lists dates and amounts without full context or names of entities.
The report shows most associations based in the West North Central and Southern regions, with a 34 percent increase overall and varied gains and losses across commodities. It notes cooperative marketing activity rising since 1913, with total business reaching tens of millions and signaling growing importance in farm markets.
New England business activity indicators point to improved conditions since summer with manufacturing, woolen mills, shoe factories, and power industry showing gains though some sectors remain uneven. Employment rose in Massachusetts as workweeks lengthened and contracts for new construction climbed, while retail merchandise shipments reached near record August levels and prices stayed firm through early autumn.
A fragmented note references Liberty Bonds and a sequence of codes and figures, including Liberty cont, four token line items, and mentions of Koni and other stray terms. The readable text remains incomplete and lacks clear event or identifiable entities to form a full news item.
Shipping news lists arrivals and departures with vessels such as Manchuria and Cherbourg entries. The bulletin notes September dates for ports including New York, Piraeus, and Cherbourg, mentioning ships like Hy York and Kent Adams among others.
New York reporting on September 29 notes a general downward trend in bond prices led by selling in Sinclair Consolidated Oil and Pan-American Petroleum issues. Money remained firm with banks supplying for month end disbursements. renewed Fed rediscount rate talk influenced markets as court ruling against Sinclair interests weighed on sentiment.
Daily Treasury balance report from Washington dated September 28 lists the general fund with a balance of 424 million 462 thousand 969 dollars and 92 cents.
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