Heavy GM stock buying sets market on high mark
New York July 26 Heavy buying of General Motors stock pushed its price up 38 points to 225 marking an eighth straight day of new highs. Earnings reports totaling 129,250,207 dollars, or 14.34 a share, prompted broad gains in major stocks while other issues fluctuated.
MENTIONED IN THIS ARTICLE
New York
Associated Press
General Elotera
Chrysler
Mack Trucks
Hudson
Nash
Studebaker
Willys Qverland
Pierce Arrow
Steelcommon
Bethléhem
Gulf States Steels
Lssues
American Can
Americat
Shipbuilding
American Steel and Foundry
Continental Isurance
DuPont
Fidelity-Phenix Insurance
B. FP
Goodrich
Julius Kayser
Orla Flermor
Radio Corporation
Woolworth
U. S
Austin Nichols
Case Threshing
Collins
Aikman
Munsingwear
Russia Insurance
Westinghouse Electric
Union Pacific
Asame
Lackawanna
Lackawanna Accurr
Bank and Insurance Stock Quotations Update
Bank and Insurance Stock Quotations list market quotes furnished by Rankers Capitals. Financial data cover leading banks and insurers with current bid ask values, price changes, and notable gains or declines across major indices.
Trade balance turns in favor of exports amid rising imports
The article notes a downturn in exports and an uptick in imports lifting the trade balance for 1927 into an export surplus of about 250 million dollars. Some economists argue a long term import surplus could benefit the United States by drawing gold into the country and stabilizing prices, though the shift marks the first time since early 1927 that imports exceed sales.
MENTIONED IN THIS ARTICLE
United States
Department of Commerce
Balong
Ec E
Stock Averages and Trade Balance Report
Stock market averages show 185.52 and 145.94 for Tuesday and Monday, with year and week figures. A foreign trade balance event notes exports and imports near parity for Tune, influenced by declines in exports and rising imports, with total monthly sales around 336.4 million dollars and imports at a matching level.
MENTIONED IN THIS ARTICLE
Associated Press
Potatoes and Butter Steady in New York Market Report
New York market notes show potatoes steady with 48 car receipts from North Carolina Maryland and Virginia. No 1 cobblers sell at 200 to 3.28 per barrel. Cabbages steady from Long Island white barrels at 1.00 to 1.50. Butter and eggs mixed affects, creamery extras 98 score at 41.2, eggs receipts 36,427 with fresh gathered prices 26 to 26 1-2 and 24 to 25 2-2.
MENTIONED IN THIS ARTICLE
New York
Associated Press
North Carolina
Maryland
Virgginia
Long Island
Cotton futures close lower with varied month prices
Cotton futures closed easy with declines of 14 to 16 points. October at 18.86, December around 19.10, January 16.18, March 19.38, May 19.52. Spot middling reported at 18.80.
MENTIONED IN THIS ARTICLE
Rites
New York
Associated Press
Profit Taking Heavy On Curb Markets Infirm Tone
Profit taking appeared in the curb market with several issues reaching new highs amid overall firm tone. American Rayon products rose on improved artificial silk business, Grand Stores and others hit new highs, Blackstone Valley Gas and Electric advanced, and Oil issues were mixed as Aluminum Company of America declined on profit realization.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Grand Stores
W. T. Grant Company
Metropolitan Five
Preferred
Metropolitan
Blackstone Valley Gas and Electric
Standard of
Kentucky
Collins and Alkman
Forham Company "A
Wheat prices rise on Canada warm spell in Chicago market
Wheat moved higher after a wavering start as warm Canadian weather aided a bullish tone. Opening ranges showed slight declines turning into gains for wheat and corn with oats and provisions firming. prices closed unsettled for wheat, with corn and oats showing mixed advances.
MENTIONED IN THIS ARTICLE
Chicago
Iby Associated Press
Canada
Foreign exchange rates in New York on July 28
Easy overseas markets show varied rates with quotes for Great Britain France Italy Belgium Germany and more. Cables and banks listed, including Japan Shanghai and Montreal, alongside multiple European and international currencies.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Great Britain
France
Italy
Metals market report shows copper steady and tin firm
Market notes copper stays steady at 13.00 for spot and futures while tin remains firm at 63.76 for spot and nearby and September. Lead holds at 6.50 spot, zinc eases with East St. Louis spot and futures around 6.32 1 2 to 6.35, antimony at 12.12 spot and 12.25 for nearby.
MENTIONED IN THIS ARTICLE
New York
Associated Press
East St. Louis
Rubber closes steady with mixed futures steady
Rubber market reports from New York on July 26 show steady closing. Futures quotes sit with September at 34.ac, December at 35.20, and March at 35.60. Smoked ribbed spot trades around 347 to 348.
MENTIONED IN THIS ARTICLE
New York
iBy Associated Press
Money news summary from New York July reports
Money market notes from New York show call money steady at 4 percent high and 3 3/4 low with a 4 percent ruling rate and 3 3/4 bid. Time money steady with mixed collateral 60 day to 20 days 4 3/4 and 4 to 6 months 4 1/3. Prime Mercantile paper quoted at 4 1/4. Clearing house statements report exchanges at 1,146,000,000 with balances of 85,600,000 and Federal Reserve credit balance noted.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Prime Mercantile
Clearing House
Federal Reserve Bank
General Tendency Firm as Bond Market Continues Duff
Trading in United bonds today showed higher volume than yesterday with little change in tone. The market remained firm on the prospect that easy money will persist until expansion of commercial credit in the fall. Notable moves included Union Pacific certificates up about two points and Southern General Railway dipping about a point.
MENTIONED IN THIS ARTICLE
New York
Associatoe Press
Tssues
Union Pacific
Southern General Railway
Chesapeake
Erie
Rogers Brown
Kayser
Murray Body
Rhinelbe Union
Liberty Bonds and Treasury Daily Statement
Liberty bonds quoted with various maturities and prices in New York. Treasury daily balance shows general fund at 17,699,081.93. Public market activity and figures reflect mid summer trading and government debt instruments.
MENTIONED IN THIS ARTICLE
Washington
Daily Statement
The
U. S. Treasury
Balance General Fund
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Suly
1927
E. J. Pearson