Markets Mining Financial News Farmers Storing Southwest Crop
Surprising lack of selling pressure for newly harvested winter wheat in the Southwest spurred a wheat rally. Farmers reportedly store two bushels for every one sold as prices fluctuated. Reports say yields are smaller than expected from Illinois to Oklahoma, with Texas crop marketing already advancing. Wheat strength contrasts with earlier bearish weather in the Northwest and favorable crop prospects for spring and winter grains. Oats and provisions slipped modestly as corn weakness weighed on markets.
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Associated Press
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Market quotes and commodity prices across exchanges
New York reports foreign exchange rates with sterling and Belgian francs, spot cotton at 17.15 cents. London metals list standard copper and electrolytic copper futures, tin lead zinc and zinc futures with varied prices. Duluth shows July grain futures closes for July and September contracts with modest gains.
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Corton
Associated Press
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Walker Mining
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Gaia
Lilly Silver
Stocks rally as prices hit new highs on easing rates
Stocks surged on July 6 led by pools with abundant funds driving highgrade issues higher. Baldwin Locomotive, Houston Oil, General Electric and Westinghouse reached new peaks while United States Steel and others saw gains. Mixed late selling followed as traders warned of a possible technical reaction and broker loans rose after hours.
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Antea
Ehead
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Atehizon Ind
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Une
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More & Ohio
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Market Comment and Grain Review Across Markets
Market summary from New York and Chicago reports details on stock activity, rail shares, motors, and steel amid easing and rally signals. Grain notes erratic wheat prices, bullish shouts from statistics, and corn and oats price moves with weekly U.S. supply figures. copper, tin, lead, zinc seen steady. Poultry prices showed steady live market with mixed weights and various fowl values.
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New York
Collins
Oklahoma Cor Oration Committee
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Interstate Commerce Commission
Southwestern
Rail
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General Railway Signal
Jersey Democrats for Wine and Beer Platform
The Democratic Convention in Trenton adopted a plank to modify the Volstead act to permit light wines and beers. The platform contrasts with the Republican pledge of a referendum on the act. Benny Karr, longtime Indians pitcher, was traded to New Orleans for Walter Brown, a promising right-hander.
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Ee Kare
Associated Press
Cleveland
Benny Karr
Cleveland Indians
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Agricultural Market Report from South St. Paul and Spokane
Receipts and prices for cattle hogs and sheep across markets in South St. Paul and Spokane. Cattle steady with some gains on yearlings. hogs mixed to higher with demand firm. sheep light but firm, best quality lambs rising. notes on feeding stock and market activity across several weight classes and buyers.
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Speer
Ahs Erecta
U.S
Ansoc
Spokane
Yankees Invested 12 Billion Abroad First Half of 1927
Americans invested 12.30006 billion dollars in foreign securities in the first half of 1927, per commerce department figures. The total includes private investments in publicly offered securities of foreign governments and enterprises, with Europe at 3.5 billion, Latin America 4.8 billion, Canada 3.2 billion, and Asia and others 950 million.
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Washington
Commerce Department
W. E. ‘Thorne
Department
Thorne
Europe
Latin America
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Globe
Maitland and Pal Ordered Home by July 6
In Honolulu two army aviators Lieuts Lester J Maitland and Albert Hegenoerzer were ordered to sail tomorrow for the mainland. The pair had flown here from Oakland last week and had tentative liner reservations on the May VACATION BIBLE SCHOOL. Summer sessions start at the Swedish Mission Church from 9 to 12 for three weeks with graduation at term end.
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Associated Proms
Honolulu
Lester J. Maitland
Albert Hegenoerzer
Oakland
Cal
Army
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