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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jul 27, 1940
Page
6
Market activity slows as hot weather keeps investors on the sidelines. Commentary notes limited demand and cautious trading across major exchanges.
A conservative stock market session ends with light volume around 10,005 shares, the lowest for a Saturday since 1915, as traders show hesitancy amid tax worries and political concerns. United States Steel warns of a possible dividend next Tuesday while other major equities struggle to gain traction.
A fragmented New York market summary lists wholesale receipts and prices for meats and produce, noting totals like 2,609,223 tubs and various price points across items such as fresh meats, dairy substitutes, and grains. It covers bids, lot numbers, and regional mentions including Long Island and the Pacific coast, with a focus on steady or improving price trends and sale notes into midweek.
July 7 meeting at the St Seurance Inn discussed cheese price stability. Prices quoted last week held steady with a quarter cent change for crumbles and a 2% rise over last year. State brand costs and box counts fluctuated, with salesmen reporting both higher and lower figures across multiple lots.
Mixed commodity reports and financial data from July 27 including U.S. Treasury balance, cattle and hog receipts, and metal markets. Coverage notes Treasury figures at 70,556,098,806.14. cattle and veal prices steady with veal at 1050. New York metals prices quoted for copper, tin, zinc, and lead. grain and wheat spot and futures mentioned. advertising rates for Daily Herald-Journal and Sunday Herald-American listed.
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