Markets Rise on Rail and Industrial Leaders Lead Recovery
The Dow's advance steadies as General Motors and U S Steel lift broader market. Rail stocks and marquee industrials push to new highs while some specialties show forced liquidation. Rubber and linseed show weakness. overall volume near 2.2 million shares as traders weigh dividends and profits.
MENTIONED IN THIS ARTICLE
New York
General Motors
U.S. Steel
Baldwin
Rock Island
St. Louis-Southwestern
New York Ontario Western
New Haven
New York Central
U. S
First
Burns Brothers
Bangor
Aroostook
Park and Tilford
Lehigh Valley
Manhattan
Arnold Constable
Christie Brown
Foreign exchange rates lattice across major currencies
New York reports easy quotations in cents for nations led by Great Britain at 4.855 to 4.81 on 60 day bills, with France near 3.9 and 3.91, Italy about 5.54, and other nations listing varied figures including Germany 23.69 and Switzerland 19.22, alongside Argentina 42.25 and Tokyo 46.50 with Shanghai 63.12.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho Slovakia
Jugo Slavia
Austria
Rumania
Argentina
Brazil
Tokyo
Shanghai
Montreal
Metals Market Roundup From New York Report
Copper steady in spot and futures around 12.50 to 12.62 with near term calls. Tin firm at spot 67.75 and August 64.50. iron and lead steady. zinc quiet. St Louis spot and futures at 6.25. antimony at 12.25 to 12.37. quicksilver quoted at 12 cents.
MENTIONED IN THIS ARTICLE
New York
St. Louis
Liberty Bond Prices Edge Higher in New York Trading
Liberty bonds closes with gains across issues as 1st 4s rise to 101.14, 2nd 4s touch 100.9, 3rd 4s at 100.28, and Treasury 3% bonds at 105.14 while other series post modest increases.
MENTIONED IN THIS ARTICLE
Liberty Bonds
New York
Ist
U. S. Treasury
Potato Markets Strengthen as Returns Hold
Potatoes in Chicago update show new and old receipts mixed across regions. U.S. shipments rise with Canada contributing four cars of stock. Oklahoma and Arkansas report limited sales. Prices firm with Bliss Triumphs at 4.60 to 5.00, Irish Cobblers at 4.50 to 4.80, barrels 8.00 to 8.25. market tight with too few sales to set a broad trend.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Canada
Oklahoma
Arkansas
Cubb Stocks Close Quotation Summary
New York June 16 AP curb quotations show Continental at 611 17 percent, Electric Bond and Share at 73 percent, its preferred at 10814, Electric Investors at 37, Hecla Mining 14, Bradford 5, Prairie Pipe Line 179, Standard Oil of Indiana 67.
MENTIONED IN THIS ARTICLE
CUBB
New York
Continental
Electric Bond & Share
Ditto Preferred
Electric Investors
Hecla Mining
New Bradford
Prairie Pipe Line
Standard Oil. of
Indiana
Livestock prices across Chicago and Omaha markets
Chicago hog receipts 33,000 slow with steady bids near Wednesday’s averages. Cattle receipts 12,000 with mixed demand. beef steers and yearlings uneven, grass cows weaker. Sheep receipts 7,000 with bids 25 to 50 cents lower. Omaha hogs 8,500 steady to firm, cattle 4,000 slow to steady, sheep 7,500 mostly steady to 10 cents lower. Portland hogs strong at close. cattle open steady.
MENTIONED IN THIS ARTICLE
Chicago
Omaha
Portland
Ore
Live Stock Receipts Report From Kansas City St Joseph and Ogden
Cattle receipts at Kansas City 3500 with varied demand across classes. Hogs 6000 received, markets mostly steady to slightly lower. Sheep receipts 3000, killing classes easing modestly. Similar reports from St Joseph and Ogden show hogs down marginally and cattle with mixed gains and declines, light activity on some classes.
Market Report From South Frisco and Los Angeles
South Frisco notes 200 hogs and 200 cattle receipts with steady inquiry on good under 1100 pounds and cows at 7.50 to 6.60 with 6.25 for lower grades. Hogs around 10.65 eastern butchers. calves scarce. Los Angeles reports hog offerings cleaned up early with prices up 15 to 20 cents.
MENTIONED IN THIS ARTICLE
Arizona
Nevada
South Frisco
San Francisco
U. D. of A
Nll
Raw sugar market steady after early quiet trading
In New York on June 16 the raw sugar market stayed quiet with spot Cuban, duty paid at 4.52. Futures were irregular then steadied, with July deliveries weaker on liquidation and later lots offered by dealers. Refined prices held at 6.00 to 6.20 and futures closed steady on about 106,000 tons sold.
MENTIONED IN THIS ARTICLE
New York
London
Silver Bar Prices Rise in New York and London Markets
In New York and London on June 16 the AP reports bar silver at 56% in New York and 267 16d per ounce in London. The brief notes daily price levels for investors and traders.
MENTIONED IN THIS ARTICLE
Silver
New York
London
CEREALS ADVANCE ON ADVERSE STATEMENT
Chicago reports adverse corn belt crop news. corn prices rise with July corn above 1.00 a bushel. Wheat edges up late on corn strength and wet harvest fears. oats gain modestly while provisions vary. Sale notes drought break in Australia and strong spring wheat prospects in the northwest.
MENTIONED IN THIS ARTICLE
Chicago
Nebraska
Loverpool
Australia
Washington State Peach Prospects Signal Record Lows
Washington State faces reaching only one eighth of its 1926 peach harvest as part of a nationwide forecast showing a 23 000 000 bushel drop from last year. Michigan Indiana Missouri and western states also suffer poor yields. Call money in New York sits at 4 percent with steady loans and short terms.
MENTIONED IN THIS ARTICLE
Chicago
Government Bureau of Agricultural Economics
Michigan
Indiana
Missouri
Caroline
Oklahoma
Exas
Washington
United States
Blast to remove side of mountain near Tehachapi
Bakersfield, June 16 AP announces Monolith Portland Cement will blast 180 pounds of dynamite to lift the mountain face in Tehachapi valley and drop it into a 750000 ton rock heap. The operation is set for about July 1 or when the charges are placed.
MENTIONED IN THIS ARTICLE
Bakersfield
Calif
Tehachapi Valley
Portland Cement Company
Train Kills Five In Indiana Family Crash
Five members of the Whippel family, ages 45 to 19, died when their car was struck by a Bib Four passenger train at a street crossing in Sunman Indiana last night. The victims are Frank Whippel, Mary Whippel, Romelida Whippel 19, Melvin Whippel 17, and Wilson Whippel 13.
MENTIONED IN THIS ARTICLE
Sunman
Ind
Frank Whippel
Farmer
Mary Whippel
Romelida Whippel
Melvin Whipple
Wilson Whippel
Washout Delays Montana Line Repairs and New Bridge
Flood damage washed out Lavon bridge and a river channel at Maiden Rock, delaying the Salmon Montana Line repairs. Repairs and bridge installation are expected to take seven to ten days plus seventy days for completion, with bids due June 28 1927 in Ogden Utah.
MENTIONED IN THIS ARTICLE
Lavon
Montana
Wise River
Big Hole
Anaconda
Pocatello
Dillon
Maiden Rock
Notice to Contractors for Salmon Montana Line Project
Sealed bids due by 10 A.M. June 28, 1927 for surfacing and improving Salmon Montana Line National Forest Road Project in Lemhi County Idaho. Work includes concrete, guardrail, crushed rock and binder, 9.2 miles. Plans at Kiesel Building Ogden Utah Forest Supervisor Salmon Idaho and Preston Linford Gibbonsville Idaho with 35 deposit. 5 percent bid guarantee. 75 percent performance bond.
MENTIONED IN THIS ARTICLE
Bureau of Public Roads
Kiesel Building
Ogden
Utah
B. J. Finch
Salmon- Montana Line
Salmon National Forest
State of Idaho
Lemhi
Kiesel
Salmon City
Idaho
Preston Linford
Gibbonsville
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