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Newspaper
Winslow Daily Mail
Location
Winslow, Arizona, United States of America
Date
Dec 30, 1926
Page
5
Wheat prices fell overall on the Chicago Grain Day as traders liquidated to avoid December contracts. May and July futures hit near seasonal lows while corn and oats mixed amid demand and bearish export outlooks. German crop shortfalls and North American exports added to the market tone.
The New York stock market rallied in the afternoon after an initial decline as traders cited a technical correction to an overbought market. Major gains came from Standard industrials led by U S Steel, General Motors, Allied Chemical, American Smelting, and Baldwin, while money rates stayed firm and call money at 5 1 2 percent.
Liberty Bonds closed with varied results in New York trading. First 4 1-48 yielded 102.31, Second 4 1-4s around 100.18, Third 4 1-48 near 101.3, and U.S. Government 4 1-48 at 110.8 as market activity continued.
New York December 29 The general cotton market closed very steady with net advances of one to seven points.
The metal market report notes easier copper with spot and electrolytic activity. Zinc shows quiet trading in East St. Louis with spot and futures around 700 to 705. Bar silver trades near 54 as of the New York market close.
New York December ap report surveys 1927 stock and bond markets ending with higher prices than 1925, rising bond values since 1913, and a cautious 1928 outlook. It notes bank funding, installment buying, cotton prices, and foreign competition as risks, with railroads and consumer goods driving gains and autos and textiles mixed. Major firms like United States Steel and General Motors posted strong profits and dividends amid a year of volatility.
Senator Borah urges withdrawal of American forces from Nicaragua once safety is assured. He cites Obregon telegram supporting Latin American sovereignty and criticizes intervention by big moneyed interests. He backs goodwill policy and opposes further action beyond protecting U.S. citizens and property.
Darby A. Day failed to obtain a pardon for Bernice E. Day who is serving 10 to 14 years in San Quentin for throwing acid in her husband Darby Day Jr's face. Governor Richardigon refused to consider the senior Day's request and husband did not intercede on her behalf. The case dates back to Beverly Hills February 21, 1925 with appellate reversals through 1926.
Cattle receipts 5500 with calves 800 and beef cows 5.25 to 6.50. yearlings strong. Hogs 5500, 15 to 20 cents lower, top 11.55 for 225 pounds. 11.25 to 11.50 typical. Sheep 10000 receives lambs 15 to 25 cents lower, top 12.60, others 12.00 to 12.59. Prices held for light and heavy weights with active packers.
Mexico City dec 29 ap The chamber of deputies approved a constitutional amendment allowing a former president to hold office again after an intervening term. Supporters of former president Obregon aim to name him as successor to Calles in 1928 as the constitution currently bars consecutive terms. The amendment needs ratification by a majority of state legislatures, with several already favorable.
The SAS RSE railroad company protested to Frank K Trott of the Arizona state water commission against issuing a certificate for the Charleston dam on the San Pedro river near Benson Arizona. The protest hinges on a satisfactory agreement for removing and rebuilding tracks submerged by the reservoir with claimed costs exceeding 1 000 000 dollars.
Gertrude Davis as administratrix of the estate of Mrs. Simmie P. Davis requests creditors and claimants to exhibit claims with vouchers within ten months after first publication. Principal office of J L Sweeney in Whaslow Navajo County serves as the transaction office for the estate. Dated Holbrook Arizona December 16 1926.
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