American corporations show higher earnings in 1927 reports
The National City Bank of New York notes continued strong activity in basic industries and manufacturing with profits of U.S. corporations rising 14 percent from the prior year. While some industries lag, aggregate earnings increase as gains offset declines. the piece also discusses gold movements, Bank of England rate effects, and potential over-expanded U.S. credit.
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New York
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Bank of England
Financial Market Warnings on Gold Inflow and Credit
The text notes expansion in credit by about seven percent and foreign exchange growth of three to four percent, with inflation implied by discrepancies. It discusses gold inflows into the U.S. as potentially unfortunate, the stock market mood, and Fed reserve caution about diverting funds to speculation. It concludes with the spring money outlook and high rates, urging swift action if liquidity remains tight.
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