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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Jun 06, 1927
Page
8
Stocks climbed as bulls dominated trading with notable strength in merger plays and utilities. Volume remained lighter than Friday, with banks renewing loans around 10 million dollars and a federal brokers loan report rising toward 3.006 million.
New York June 6 call money market steady with bids around 4 percent and closings near 4 percent. Time loans show mixed collateral with 60 to 90 days about 4 4 percent and 4 to 6 months at 4 percent.
AP reports mixed trading with Continental Oil at 1744, Electric Bond & Share at 75 percent, Electric Investors at 3914, Hecla Mining at 14 percent, Prairie Pipe Line at 165, Standard Oil of Indiana at 66 percent.
Chicago wheat and grain prices listed for June 6 with No 2 red wheat 1.43, No 2 hard 1.46, corn mixed 9 1.00 and 41.03, oats No 2 white 51 14 54, rye and barley prices noted, timothy and clover seeds priced, lard and ribs at 12.40 and 12.25 respectively.
Chicago reports mixed potato market activity on Saturday and Sunday with new stock demand fair and overall market steady. Prices show Bliss Triumphs and Irish Cobblers traded in multiple regions from Alabama to North Carolina, with Canadian shipments and certain white varieties also noted as moving slowly.
In New York on June 6 194? AP reports bar silver prices slipping amid market quiet as traders await signals from abroad.
New York on June 6 reports copper steady with electrolytic spot and futures at 12.75. Tin weaker with spot and nearby at 8.00 and August at 64.75. Iron, lead, and zinc mostly unchanged with spot values listed. East St. Louis futures at .25. Antimony at 12.50 and quicksilver at 12.2.
New York reports mixed quotations in cents for major currencies and bonds. Rates listed include Great Britain 4.455-16 and 4.86 11-16, France 3.91 and 3.91, Germany 93.88 and 93.88 percent, Belgium 13.88, Tokyo 4625, Shanghai 63.40, Montreal 100.00, with numerous other nations and 60 day bills on banks at 4.1814.
New York June 6 AP reports Liberty bonds close mixed with yields and prices listed for 2d 4s 1003, 1st 4145 103.2, 2d 448 100.11, 3d 4y5 1003, 4th 444s 1033, U S treasury 548 105.26, ditto 48 108.25, ditto 4s 113.3.
The visible grain supply in New York on June 6 shows wheat down 1,069,000 bushels, corn up 112,000, oats down 1,341,000, rye down 1,263,000, and barley down 30,000. The figures reflect shifts in the available stocks across these staples.
New York raw sugar prices opened lower amid light trading and ongoing futures volatility. Declines of 1–5 points gave way to brief losses of 7–10 points before shorts covered and Cuban support provided a modest rally. Refined sugar demand remained light with buyers cautious.
Livestock receipts at Omaha and St Joseph show hogs mostly 250 lower with top 8.65 and 160 to 260 pounds around 8.60. cattle receipts steady to uneven with slaughter steers and beef cows in a broad range. sheep receipts indicate lambs 50 to 75 cents higher with best natives around 17.00 to 17.75. St Joseph reports similar hogs around 8.75, cattle 9.25 to 11.00, and sheep lambs 16.00 to 16.75 amid mixed demand.
Receipts total 11 000 calves 2000 native fed steers and yearlings steady hogs 10 000 slow uneven 15 25c lower than Saturday's average stock pigs steady top 890 on 180 to 190 pounds bulk desirable 170 to 230 pounds 8 35 8 85 240 to 325 pound butchers 8 35 8 70 packing sows 7 50 8 00 sheep receipts 6000 lambs 250 50c higher top Colorado lambs 16 95 Arizona 16 90 natives around 16 25 fed yearlings 13 25 Texas yearlings 12 25 Texas wethers 8 00 Colorado ewes 6 25.
Ogden on June 6 AP reports hog receipts 734 with steady sales. load averages 189 pounds at 9.50 while 235 pound butchers average 8.60. bulk drives 154 to 235 pounds at 9.35. packing sows 7.00 to 7.50. Cattle receipts 462 with odd lots of stocker calves and dairy cows priced 4.00 to 6.00. bulls 5.50. Sheep receipts 7391 with few lambs and wethers noted under contract.
San Francisco June 6 AP reports hog receipts 1300, direct 250, two loads California cattle at 10.50, Nebraska bids 10.45. Sheep receipts steady with lambs 13.10 and 113 pound ewes 5.50. Cattle run 800, largely dehorned steers active and steady, top loads 985 and 1185 pounds at 8.50, other steers 8.15 to 8.40, good cows steady at 6.40, calves steady around 11.50 for 195 pounds.
Portland Ore June 6 AP cattle receipts 1605 open fairly active steady at last week extreme decline bidding down on veal calves California grass steers 900 dry sea kinds 910 925 load 800 pound heifers 625 best fat cows early 7.50 heavy medium bulls up to 6.25 beef kinds 7.00 calves receipts 260 hogs receipts 2605 most classes opening weak to 100 lower than last week off more on heavy hogs several 160 to 195 pound averages 10.50 butchers 200 to 240 pounds 10.00 deck choice 680 pound lambs 12.50 several 75 pounds 12.00 wethers 8.00 clipped ewes 4.00 4.50.
An unclear AP field note lists numbers and weights for hogs and sows, with prices and packing terms in a fragmented June entry. No clear event or names identified.
The State Aerie Eagles gather in the city for a two day convention with members touring local businesses and factories. Officers and delegates listed include J J Grice Boise Eugene L Roberts Idaho Falls N R Vallentine Sandpoint and many others. A banquet at the Eagles hall and a Dance Palace event cap the program.
Ambassadors and officials arranged care as planes sped off carrying American and German personnel. News spread that airmen lost their way near Kiinge, prompting rapid changes in transport plans. Crowds at Templehofer field dispersed while observers praised the daring flight despite navigational difficulties and poor weather.
Chicago June 6. Corn prices eased at the close after a largely higher day as buying dried up in late trading. Wheat also declined on rains aiding the west and a bearish view of the Springfield legislative scene. Corn finished unsettled down 1% to 1% plus, wheat off 1% to 1% and oats down 0 to 1. Prolonged wet fields and half-finished Illinois plantings weighed on sentiment while talks of higher tariffs and Argentine imports tempered demand.
Boise reports higher licensing activity in February with 20,381 automobiles and 1,755 trucks registered, yielding $323,127.50. For January and February, 48,480 autos and 4,779 trucks were licensed, collecting $815,161.18, up from $782,939.43 a year earlier.
Giuseppe Bellanca, designer of the Columbia, announces a Rome flight from New York in a single motor plane probably in October. The pilot navigator and backer will be named later. Bellanca states the Chamberlin Levine feat proves trans Atlantic flying is nearing practicality and foresees multi engine ocean crossing service soon. A four month plane build is noted and details may delay due to events.
Grand Junction Colo June 6 By unanimous vote the Colorado Federation of Labor protested a proposed move of the International Union of Mine Mill and Smelter Workers headquarters from Denver to Salt Lake City. The resolution recalled Haywood and Moyer and urged Denver as the mining center.
Baltimore June 6 AP Joe Dundee new welterweight champion will become a US citizen Monday in federal court He will also officially change his name from Samuel Lazzaro to Joe Dundee Naturalization papers filed in November 1923 show he was born in Rome Italy August 16 1903 arrived in New York December 1 1906 and immediately became a resident of Baltimore.
Kraft Cheese company gains direct control of seventeen Laabs Cheese factories in an $200000 deal. The transfer covers plants in Idaho and Utah producing about 500000 pounds monthly and includes output from several other facilities now funneled to Krafts. Local facilities at Downey Malad Clifton McCammon Oakland and May join the supply network while larger plants at Wendell Driggs Tetonia and Syracuse also feed Kraft. The company notes it buys heavily from open market and ships eight to ten cars weekly from its rapidly growing operation.
The Supreme Court sustained International Harvester's compliance with a consent decree restricting cooperative market conditions. The case traced back to 1912 when the government sought dissolution. after years of litigation, a 1918 decree required competition restoration. In 1923 the government argued noncompliance, but the court ruled the firm met obligations and opened markets to competitors.
New York dispatch notes that the town of Klinge in Germany became famous as Clarence Chamberlin and Charles Levine completed their trans Atlantic flight. Dr Karl Von Lewinski praised the passengers for choosing Germany as their destination and said the name Klinge will ring for centuries.
Vocational education leaders from 11 Western states opened their tenth annual conference in Salt Lake City with about 75 delegates. The sessions, covering technical problems, will continue through Friday.
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