Wheat estimates spark bulls in markets and mining
The Associated Press reports that the forecast of an 18,000,000 bushel smaller 1928 U.S. wheat yield than July projections boosted the wheat market in Chicago trading. Prices closed near day’s highs while corn, oats, and provisions also rose amid strong stock and cotton markets and favorable crop expectations.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Northwest
Kansas
United States
New York Stocks Rally as Short-Covering Drives Gains
Extensive short covering and favorable earnings push the New York Stock Exchange higher. United States Steel and major steel issues rise as optimism about the economy supports demand for shares while rails gain modestly and foreign exchange remains volatile. Local turnover shows strong buying by professionals amid a strong opening not seen in months.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Rai
B. H. Gary
United States Steel Common
Bethlehem, Crucible
Republic
Gulf States Steels
Both
Kelly Springfield
Baldwin
Studebaker
Corn Products
American Car and Foundry
Dupont
General Electric
Houston
Pullman
Sears Roebuck
Stromberg Carburetor
Maxwell Motors
Rails
Market Improves as Steel Firms Signal Gains
The Lauzier-Wolcott Co notes a strong market tone with improving sentiment after favorable Q2 earnings from United States Steel and other leaders. Steel and other shares rise on broadened buying, despite some sugar and tire concerns. analysts predict further price gains with anticipated fall improvements. Judge Gary of U S Steel calls current conditions satisfactory for manufacturers and GM and Marland Oil executives forecast higher prices amid supply worries and overproduction trimming by spring.
MENTIONED IN THIS ARTICLE
Lauzier-Wolcott Co
United States Steel Corporation
Gary
United States Steel
Steel Corporation
S. B. Collins
Marland Oil Company
Collins
General Motors Corporation
Sugar market weak as prices slip in New York
The refined sugar market remained soft in New York Aus with prices down 25 to 35 points. Fine granulated sugar quoted 7.90 to 8.00 cents as demand stayed light and buyers hesitated amid unsettled spot market sentiment. Futures closed easy with about 45,000 tons traded: September 4.08c, December 3.83c, March 3.27c, May 3.36c.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Aus
Bar silver and Mexican dollars in world markets
In New York on Aug 1 Associated Press reports bar silver at 62 1/2 cents, Mexican dollars at 47 1/2 cents. In London on Aug 1 the price of bar silver is 30 1/2 pence per ounce and money rate at 2 1/2 percent.
MENTIONED IN THIS ARTICLE
Associated Press
New York
London
Butter and Eggs Market Update from New York and Chicago
New York and Chicago market notes report butter firmer with state dairy firsts at 41 41%c on the New York side and creamery extras at 41c. Eggs are firm on the Pacific coast with extras at 38 3%c. Chicago lists butter higher with creamery extras at 41c, standards 40c, and firsts around 36 40c. eggs unchanged with receipts of 17,409 cases.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
Pacific Coast
Chicago
Copper and zinc prices move in spot and futures lists
New York on August 1 recorded dull copper with electrolytic at 14 14 1/2 cents for spot and nearby. Zinc prices in the East and St Louis region eased to about 6.25 cents for spot and nearby delivery. Antimony quoted at 7.70 to 7.80 cents.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
Wripo
Ieadp
Une Age Spadaeaee
East &J. Louis
New York Money Report Shows Rates and Loans
New York money markets show ruling rate at 6 percent with closing bid at 5 percent and offered at 5 percent. Call loans against acceptances at 6 percent, time loans firm with mixed collateral for 60 to 90 days at 5 and 5 percent, 4 to 6 months at 5 percent. Prime commercial paper around 1 to 4 percent.
MENTIONED IN THIS ARTICLE
New York
Associated Press
London Metals Prices and Futures Report
London August 1 Standard copper futures at £65 and spot £72. Tin futures £1849 names and spot £1863 17s 6d. Lead spot £24 Te 64, futures £24 be. Zinc spot £31 16s 4d, futures £31 26 64. Prices quoted for London Metal Exchange trading articles.
MENTIONED IN THIS ARTICLE
London
The
Associated Press
Society Woman Guilty In Denver Liquor Case
Denver August 1 Mrs Katherine O Connor a Denver society woman was found guilty in a United States district court today of illegal possession of liquor and fined 400 dollars which her attorney paid.
MENTIONED IN THIS ARTICLE
Society
Associated Press
Denver
Katherine O'Connor
United States
Six Months Ended June 30 Dividend Surplus Declared
The six months ended June 30 show a surplus after all charges of 41,585,600 dollars. This equals 1.68 dollars per common share versus 1.32 dollars in the prior year. At a special meeting, Butte New York Copper stockholders extended mortgage foreclosure deadlines to November 1 to allow time to raise funds to satisfy indebtedness.
MENTIONED IN THIS ARTICLE
Lauzier-Wolcott Company
Atchison
Austin Nicholls
Baldwin Locomotive Weer
Bethlehem Steel Ee
Bethlehem Steel Ee Ee 46% 475 462 47 1,900 Paltimore & E
Brooklyn
Chicago
Milwaukee & St. Eee
Chesapeake & Ohio
Chile
Seteseeeser Seewer
Rock Island
Alifornia Petroleum
Entral Leather
esSenessneen
Osden
Eeaceteresaavaseceseaen
Handler Motor
Avison Chemical
Irfe
Geseee Sonore
Amous
Enera! Electric
General Motor
Seeee
Goodrich Rubber Ewer
Erersse Granby Copper
Great Northern Orene
Cananea
Eneravene
General Asphalt
Houston Oiee
Miinois Central Ee
Kennecotte
Louisville & Nashville
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Tire Ee
Missouri
Kansas
Texas
Missouri Pacific
Aerar
Maxwell Motor B
Mexican Seaboard
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Stee
Montana Power
Miami Coppers
Divide
Montgomery
New York Central SC
New Haven
Norfolk
Ewer Eeerreree
Northern Pacific
Nevada
Pennsylvania
Pierce Ol
Pierce-Arrow
Eeestoers
Wrreee
Hepubi Iron
Eeeeeweer
Etrpeccastrus
Pailway Steel Spring
Royal Seeereesesseereae
Y Consolidated Copper Street Eee
Sears-Roebuck
Feneca Copper Aereere
Southern Acific
Southern Railwa Eeeertpationns
Finclair Ot
Butte-New York Copper Company
Foreign exchange rates report across nations
The Associated Press lists irregular foreign quotations in cents for nations including Great Britain France Italy Belgium Germany and more. It also shows specific demand and cable rates with figures for each country and Montreal dated August 1.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Austria
Rumania
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Brazil
Montreal
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W. A. Clark
J. Ross Clark
W. A. Clark & Bro
J. Johnston
D. Heslet
E. ‘. Barker
Butte-An
Conda
Drummond
Helmville
Ovando
No. 4
By al Posen