Markets Feel Down as Grain Prices Slip on Legislation Doubts
Chicago markets show broad declines in grains with wheat off 6 to 7 cents as trade legislation uncertainty at Springfield and a looming crop report weigh. Corn and oats move modestly, while provisions shift varies. European crop weakness and Argentine outlook factor in, with shipments to Europe reducing available U.S. wheat stocks. Minnesota spring and Canadian weather aid winter wheat and spring crops, and poultry demand remains tepid.
MENTIONED IN THIS ARTICLE
Associated Prem
Chicago
Springfield
Italy
Poland
Jugoslavia
Czechoslovakia
Hungary
Europe
Gulf of Mexico
Sugar Futures Steady as Market Awaits Spot Developments
New York sugar traders reported light demand for refined sugar with buyers limiting operations while watching the spot market. Prices held at 6.10 to 6.20 cents for fine granulated. Futures closed steady with July at 2.80, September 2.89, December 2.98, January 2.88, and March 2.71 cents. Butter and eggs data from Chicago show lower butter with varied creamery prices. eggs unchanged. Duluth flax closes mixed for July and October.
MENTIONED IN THIS ARTICLE
New York
Railroads Lead in Market Gains Amid Volatile Trading
The stock market opened strong but mid day turnover shifted to selling. General Motors neared a record high with United States Steel crossing 123, while railroads and oil shares rallied. Strong gains for New York Central Reading and others followed fresh activity in Atlantic Refining and Houston Oil. Some oils and amusement stocks slipped as money markets held steady.
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New York
General Motors
United States Steel Common
Steel Trade Reviews
United States Steel Corporation
U. S
Ontario and Western
New Haven Railroad
New York Central
Lehigh Valley
Denver & Rio
Grande Western
Peoria & Eastern
Wabash
Maryland
Texas & Pacific
Reading
Rock Island
Lackawanna
Atlantic Refining
Houston
Texas & Pacific Coal
Texas & Pacific Land ‘Trust
Brown Shoe
Western Union
Newcomb Dalton
Douglas Pectin
Equitable Office Building
Chrysler
Gabriel Snubder
General American ‘Tank
Indian Motorcycle
Inland Steel
National Biscuit
New York ‘Air Brake
Pittsburgh
Shider Packing
Remington Rand
Paramount Famous Players
Foundation Company
Market Notes From Logan and Bryan Stock Letter
Market commentary from New York and Chicago outlines mixed stock movements with declines in many issues while oil shares rise led by Atlantic Refining on favorable dividend expectations. Soft spots include Famous Players and United States Rubber, with steel shares affected by production and profit sharing details. Grain and potato markets show uncertain, uneven trading amid favorable planting progress and varied weather signals.
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New York
Atlantic Refining
United States Rubber
U. S. Steel
Tron ‘Age
Steel News
Chicago hog market reports mixed declines and steady bids
U S Department of Agriculture reports at Chicago on June 8 hog receipts around 23 000 with prices 8 7 8 9 per hundredweight and weights 160 to 210 pounds showing strength in spots while 240 to 300 pound hogs bring 8 40 to 8 90. Cattle receipts 10 000 steers yearlings in demand but fat cows steady to down. Oregon and Washington markets show lighter demand with hogs weaker and calves and bulls varied.
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Chicago
U. S. Department of Agriculture
Sune
South ST. Paul
Alt
Department of Agriculture
Minn
Aseners
Department of Agrici
Omaha
Neb
California
U.S. Department of Agriculture
Portland
Ansoc
Spokane
Notice to Holders of Second Liberty Loan Bonds
Notice is given to holders of Second Liberty Loan bonds that a treasury bond bearing interest expired around May 15. The document notes limited validity and references Mellon, Washington, May 31, 1927.
MENTIONED IN THIS ARTICLE
A. Stes Treasury
Jane
Mellon
Washington
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