Marketwide price shifts and treasury actions noted
Readjustment of prices on a broad scale appeared last week with directional changes and sizable moves. Easy money rates prevailed while the market closed little changed from the prior weekend. Treasury operations of June 15 released over a billion dollars, tax receipts about 400 million, and the government signaled possible purchase of second Liberty bonds only if prices favor treasury. Bonds showed normal activity with fresh issues seen, and expectations grew that July reinvestment demand could relieve overhang, with new offerings anticipated in 1927 and potential bond issuance around 90 million in Chicago area.
MENTIONED IN THIS ARTICLE
New York
Treasury Department
Mellon
Liberty
Treasury
Chicago
Financial Market Notes Signal Negotiations and Bond Activity
New York bankers report advanced talks on a land reclamation treaty for a kingdom amid Polish prospects. Autumn may arrive before deal completion. Osaka also involved in a large loan bid. Convertible liens slump then rally with the group as International Telephone bonds are called Sept 1 for a new 335 million issue. Weekly new issues total about 106 million versus 250 million prior week and 2160 million year ago.
MENTIONED IN THIS ARTICLE
New York
Osaka
International Telephones
Independent union forming among Ohio coal miners
In Nelsonville on June 18, Emmet Searles announced plans to form an insurgent miners union with operators of five mines to adopt the 1917 Jacksonville wage scale. UMW officials in Columbia doubted the effort, favoring the existing Jacksonville agreements and expressing skepticism about the new union’s formation. The district meeting adopted confidences and resolutions supporting the current UMW structure.
MENTIONED IN THIS ARTICLE
Nelsonville
Emmet Searles
Searles
United Mine Workers
Jacksonyville
Officiela
Colimbia
G. W. Sayage
Jacksonville
Business Reports Show Spotty Views for June
Reports from New York indicate mixed conditions across sectors. The steel trade declines slowly while demand stays above expectations. car output and carloadings dip due to holidays and model uncertainty. manufacturers remain optimistic about late summer sales, though overall activity lags 1926-27 patterns.
MENTIONED IN THIS ARTICLE
New York
Oll
Busi
World economic mood and commodity shifts noted locally
Remarks by high petroleum authorities warned of a coming world problem. Rubber firms faced a slump in crude prices raising inventory fears. The American Rubber pool was extended eight months from August. Cotton consumption and textiles showed improvement while retail sales rose though residents in flooded Mississippi valley limited buying power. Crop forecasts varied with weather as corn planting lagged and winter wheat harvest began. Export demand stayed strong and prices moved little, with cattle prices at yearly highs and credit conditions easing.
MENTIONED IN THIS ARTICLE
Mississippi Valley
Middle West
Two Hungarian Bandits Arrested With $90,000 Bag of Cash
Two Hungarian bandits from Budapest were arrested after stepping from a train. They carried $90,000 in their bag eye. In a Calgary Alberta shooting affray five men were killed outright or fatally wounded. Week and check payments show changes from the prior year.
MENTIONED IN THIS ARTICLE
Budapest
Calgary
Alberta
Also Mentioned on This Page
Treasury Finance
Rt Ca
Independent Union
Ohio
Lindbergh
Lucky Lindy
Vernon Dalhart
Galperin
Capitol ST
Haig
Ambrose Diehl
Aend Charlestor
Beckley
Mt. Hope Hardware Ly Co
Charleston , Pe
Bolarsky Hamid Go A.W. Cox
GOR
Dept. A
Istic
EPR
Pocahontas
W. Va
Dewidate
Eye Eeesseeers
Raed
Moore Minden
New ‘River & Pocahontas Paaek Et -Cione
Mt. Hope
Oply Co
W. Cox Dept
Pineville
Hope Heiawvare 5
Haynes
Avery
The
Kanawha Drug Company Distributors
Amid
Peoples Bank
Summers Street
Ashely’s
Ashely
Charleston
Ashely Bread Co
Bakers of the
Holsum
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