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Newspaper
Casper Daily Tribune
Location
Casper, Wyoming, United States of America
Date
Jun 28, 1921
Page
5
Chicago reports a mixed session as wheat slips on fears of railroad and elevator disruption. July and September futures fall to about 1.19 to 1.23 dollars, with some midday rallies fading. Corn and oats slide, hog futures support provisions, and potatoes stay firm with Virginia barrels priced at 3.75 to 4.00 per barrel.
Chicago cattle receipts reach 6000 with mostly steady demand across beef steers and cows. hogs at 25000 with active market and highs near 5.95 top, bulk 8.25 to 8.60. sheep receipts 1300 with declines versus yesterday. Denver reports cattle 6300 with steady to lower trade. hogs 2400 with higher prices up to 8.60. sheep 2300 with weakness to 10.00 for lambs.
Crude oil prices fell again in Pennsylvania with major buyers announcing a 25 cent cut per barrel bringing Pittsburgh price to 2.25. Corning down 20 cents to 1.20, Cabell 1.11, Somerset 0.90, Somerset Night 1.00, Ragland 0.60 per barrel.
Early June to late June saw a sequence of crude price cuts across Wyoming, Pennsylvania, and mid-continent grades. Prices fell to historic lows in some basins, with Salt Creek and Mule Creek among the noted benchmarks, signaling possible production slowdowns and renewed concern over market bottoms.
New York trading opened with gains in transportation and several sectors. Olin, shipping, motors and steels advanced while Mexican Petroleum slipped from early gains. United States Rubber fell to a new low as overall market activity remained dull and unsettled amid exchange developments.
New York copper markets show a quiet session with electrolytic copper steady amid cautious demand. Prices: spot around 4.40 to 4.20 dollars, futures near 29.00 to 29.25, with antimony quoted at 4.57 to 5.00 and zinc around 81 to 84.00.
Dr. Anderson is out of the city citing post-graduate work and will resume his practice on August 1. A London man’s burial observed by mourners with dogs draped in black accompanied the cortege.
Acting on instructions from the New York Oil company, Warren Construction Co is rushing repairs to interrupted paving where maw lines were placed. Councilman J J Giblin discussed the condition with Warren reps who said the work would be curtailed with immediacy. Only in scattered areas is work complete.
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