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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 09, 1927
Page
10
Wheat prices rose amid reports of black rust in Manitoba and scattered across the Northwest and Minnesota. Corn and oats gained as export demand and possible lower receipts next week supported grains. provisions advanced with hog market strength.
On July 8 in New York the copper market showed firm electrolytic prices at 12.62 for futures with spot at 1250. Tin and zinc were steady with spot and futures in the 6:20c range. Lead quiet at 6.20c, antimony at 11.87c, and flax closing at 2.23 to 2.27 per bushel. Sugar refined unchanged at 6.20c for fine granulated with futures firm: July 2.72, September 2.79, December 2.88, January 2.80, March 2.75.
The New York stock market shows volatile trading with heavy volume and brisk price swings in blue chip issues. Banks and industrials fluctuated as overall activity shrank, with total shares below 100,000 and Call money at 4 percent. Gains and losses appeared across major names like General Motors, United Fruit, and American Bank Note as investors weighed merger talks and regional economic signals.
New York stock commentary reports an irregular session with early gains in select issues like Houston Oil and Kansas City Southern, but broad weakness in main stock groups as values lagged. Houston Oil hit a new high for the year amid Timken Roller Bearing strength while Dodge issues and Brown Boveri faced selling pressure. Grain notes from Chicago describe wheat tops, gentle gains closing, and mixed activity across corn, oats, and rye amid favorable weather and improving demand.
July 8 cattle hogs and sheep price ranges across Chicago South St Paul Portland Spokane Boston wool markets and Portland poultry totals with regional swings in demand, weights and top values. Notable figures include hogs 250 pounds down to up to 10 cents, steers up to 14.30, lambs around 15.75, and wool price quotations across several districts.
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