Liquidation of Weakened Accounts Motives Markets
Markets opened lower as weakened marginal accounts liquidated and bear selling continued. A mid day rally gave way to a late drop before a rally near close as short interest rose in high industrials. Steel and railroad shares fell to year lows amid rate pressures and a global drift.
MENTIONED IN THIS ARTICLE
Stanel W. Prenosil
Associated Press
New York
Commission
Middlewest
Banditary Corporation
Anaconda
International Combustion
General Motors
Issus
U. S. Steel Common
Wilkinson
Crucible Company
Steel Common
Crucible
Republic
Youngstown
American Machine and Foundry
Brooklyn Ediso
Case Threshing
Warren Broa
Delaware and Hudson
Wabash Common
Union Pacific
Chols Central
Lackawanna
Chicago Northwestern
Bond Prices Drift Down as Markets Stay Listless
The bond market moved lower with overall weakness though a few utilities and secondary rails saw demand. U S government bonds eased, Liberty third S's firmed slightly, and Pierce Arrow Ss reached a new yearly high at 99. Ulster and Delaware convertibles rose by six points while the foreign list also showed irregular moves.
MENTIONED IN THIS ARTICLE
New York
U. S
Liberty
Pierce Arrow Ss
Uulies
Ulster and Delaware
Foreign exchange rates mixed in New York across major currencies
New York June 18 AP reports mixed foreign exchange quotations with Great Britain at 1-16 demand and 60 day lis on banks 4S4! France around 5.93 with cables 3.93 1-16, Belgium 11.96, Germany 1.88, Holland 10.20, Norway 7, Sweden 26.52, Denmark 26.80, Switzerland 19.27, Spain 16.46, Poland 11.25.
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New York
Great Britain
France
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Poland
Unreadable OCR Item? Finance and Coal Mentions
fragmented OCR lists various terms including American Finance and American Coal references. scattered numbers and percentages appear with no clear event or narrative. no identifiable people or organizations beyond the two currency tokens.
Market rates show mixed calls and firm loan terms
New York AP reports call money near 6 percent with bids around 5 to 6 percent. Ruling rate for closing bids holds at 6 percent. Time loans remain firm with 60 to 90 days at 5 percent to 6 percent, 4 to 6 months seen, prime mercantile paper and alterations unchanged.
MENTIONED IN THIS ARTICLE
New York
I. 19
Strangoh
Prime Mercantile
Sugar futures edge up as hedge selling weighs on market
Raw sugar rose 1.32 cents with 25,000 bags of Porto Rican for late June delivery at 4.99 per bag. Early futures faced hedge selling and liquidation. the close showed little change to down two points with July at 2.53 and May at 2.75. Refined sugar held at 6.05 to 6.10 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Produce market report from Pittsburgh on June 19
AP dispatch shows U S and Pa agriculture departments reporting produce prices and stock levels. Maine green mountains potatoes No 1 1.75 to 2.00 per 150 lb sacks. Virginia and North Carolina staves 2.40 to 2.75. beans from North Carolina and Maryland hampers 1.50 to 2.00. celery Florida 3.00 to 35.25 per crate. sweet potatoes Nancy Hall 2.50 to 2.75. overall movement steady to dull for several items.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
Depts
Maine
Green Mountains
Virginia
North Carolina
Maryland
Florida
Tennessee
Nancy Hall
Butter Markets Steady in Chicago Trade Lacking Volume
Butter prices show a steady tone in Chicago with a little improvement but no active trading. Market data hints at unchanged averages around 4 and 90 scores, with centralized listings indicating scores in the upper 80s to mid 90s and varied percentages across different lots.
MENTIONED IN THIS ARTICLE
Chicago
Unclear listing of local business lenders and coal firms
Fragmented OCR reads show many company names and places including First National Bank Building Bluefield War Crest Coal Monte Vista Cemetery Park and Ashland firms. Text appears as a disjointed commerce ledger or advertisement with scattered references to loans and coal相关 entities.
Poultry Prices Steady in New York Trade
Poultry prices in New York on June 19 show steady markets for live poultry and broilers. Freight and express rates are listed for turkeys, fowls, and old roosters with slight variations across transport methods.
MENTIONED IN THIS ARTICLE
New York
Dry Goods Market Report from New York
June report shows quiet steady demand for new printed velvets and Canton silks firm while raw silk softens in Yokohama. Burlap eased in Calcutta and locally knit goods stayed quiet.
MENTIONED IN THIS ARTICLE
New York
Yokohama
Canton
Calcutta
Grain market slides as corn hits new delivery lows
Chicago June 19 AP reports extreme corn weakness with new crop deliveries at record lows for the station as favorable growing weather prompts broad selling. Wheat gains 6 to 8 cents, oats fall 1 to 2 cents, and provisions move from a decline to a small rise.
MENTIONED IN THIS ARTICLE
Chicago
Wheat and corn price report from Toledo seeds market
Wheat No 2 red at 172 and 1.78 percent. corn cash No 2 yellow at 1.06 to 1.07 with cash basis noted. location Toledo Ohio and date June 19.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Market Report Shows Mixed Grain and Cattle Movements
Grain prices for oats rye and clover seed shift with domestic and imported lots. Cattle receipts reach 7,000 with calves at 4,000. trade remains generally steady as grain fed steers show moderate activity.
Hogs Receipts Boost Chicago Market Close
U S Department of Agriculture reports hog receipts at 23 000 in Chicago with the market closed for the day.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept. of Agriculture
Live Stock Market Prices and Week's Market Report
Receipts show 5 000 sheep with Tuesday runs since mid November 1926. Light kinds lead demand with grass cattle and grass steers. West Yearlings at 14.85 and heavies 14.75. Slaughter steer classes range 13.50 to 18.40 per hundredweight with various weights and grades, cows from 6.00 to 11.75, vealers around 11.00 to 16.00, and stocker steers 11.75 to 13.00. Lambs steady to strong with natives up slightly. ewes 4.00 to 7.25, births not listed.
Campbell Sees Solid 1928 Outlook From Youngstown Sheet
James A Campbell president of Youngstown Sheet and Tube reports first half 1928 earnings at $3.87 a share on common stock with net $4,218,258. He notes the half year sales volume was ahead of 1927 and expects the positive trend to continue through the year.
MENTIONED IN THIS ARTICLE
New York
Youngstown
James A Campbell
E Company
Campbell
Receipts and Grade Prices for Livestock
Receipts show varied prices across cattle and sheep categories. Steers and heifers list several grades with prices ranging roughly from 6.75 to 14.00 per unit, plus feeder stockers at 0.25. Calves and pigs appear with mixed figures, while totals include a 50 unit receipt and notes on heaviest hogs and miscellaneous items.
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