Markets and mining notes show grains lower on Aug 28
The Associated Press reports all grains averaged lower amid bearish sentiment from improved weather and weak exporters. Wheat futures fell to 1.04 to 1.10 per bushel, corn and oats declined, while hog prices edged up. Minneapolis cash wheat and foreign exchange quotes followed the downtrend with copper and tin steadier in New York markets.
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New York Stock Exchange Gains in Broad Railroad Rally
Stock prices showed a strong tone with gains in railroad shares such as Baltimore & Ohio Northern Pacific Union Pacific and Fisher Body up eight points. Chemicals and sugars led group strength while money rates held at 5 percent and foreign exchange firmed with French and Belgian francs advancing.
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London Metals Prices and Futures Report
London metal prices list today shows Standard copper futures at £64 10s 6d, spot £69 5s 6d. Tin spot £192 17s 6d, futures £193 17s 6d. Lead spot £24 12s 6d, futures £24 12s 6d. Zinc spot £33, futures £32 5s.
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Call Money Rates Stable Amid Mixed Collateral Notes
Call money in New York remains firm with a high 5% and low 5% while the ruling rate sits around 56% per cent. The market shows mixed collateral and varied terms for acceptances and commercial paper, reflecting cautious funding conditions for short-term liquidity.
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Bar Silver Prices Prompt Market Note
In York on August 28 bar silver and run dollars show mixed quotes with 47 percent c value and a penc er ounce at 12 percent, reflecting market variability and price activity for precious metals.
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Better Outlook in Wall Street
The market showed broad gains with rails oils steels motors and equipment rising. Belgians consider cutting reparations about 40 percent to sustain Allied unity, signaling possible political improvements. Domestic trade revival signs emerge as investors discount favorable events. Anaconda Copper pays 75 cents quarterly and American Can 1½ percent preferred. Pierce Arrow due $2 quarterly prior. Eastern railroads boost incomes per ICC July statements, led by New York Central Baltimore & Ohio Lackawanna New Haven and Erie.
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Firing at Labor Leader Sparks Panic in Chicago Meeting
In Chicago on August 28 a mob of about three thousand garment workers including many women panicked at a meeting of the International Ladies' Garment Workers' union when two gunmen burst in and fired three shots at William Z. Foster, head of the trades union educational league. Foster was unharmed and resumed speaking as attendees fled and the shooters fled down a fire escape.
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Army Men Slain Near Albanian Border in Forest Ambush
In Athens on August 28 General Telini Doctor Scotti and Lieutenant Donati Italian members of the frontier delimitation commission were killed by unidentified assailants awaiting them in a forest near the Greek Albanian border. The chauffeur and dragoman also perished in the ambush.
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