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Newspaper
Winslow Daily Mail
Location
Winslow, Arizona, United States of America
Date
Jun 12, 1927
Page
5
Wheat and corn prices slid late trading as stop loss orders pushed futures down. Indiana black rust reports sparked initial strength but were considered non damaging and favorable corn belt weather kept supplies ample. Provisions followed lower hog values while oats and other grains declined.
New York stocks softened as heavy selling and bear activity appeared in several issues. Tax payments and a hoped technical reaction after a recent run up weighed on sentiment. Continental Solvents tumbled further while Pierce Arrow and Pittsburgh Coal extended losses and Cluett Peabody hit a yearly low. Hudson Motors showed strength but overall auto shares lagged on seasonal output concerns. U S Steel also moved lower after a quiet session.
New York June 11 A temporary check in the stock market rise accompanied by a public offering of about 2.5 billion dollars in new bonds and higher Easter money rates. cotton and grain prices recover while steel and motor trades slacken. Buying and selling remain selective, driven by corporate specifics rather than general business trends. Weather and flood damage influence cotton gains. wheat benefits from poor reports and bearish government data. sugar options drop as corn profit-taking rises despite forecasts of a small 25 year crop.
A sharp decline in the industrial sector led to a heavy close with prices sagging across the board. Toll sales were reported near 1,000,000 shires as the market showed broad weakness following merger related concerns.
Kansas City Missouri June 1 AP cattle and calves totals show mostly higher killing classes with drives to 11.85 for fed steers and 12.06 for top medium weights. Hogs strong with top 8.75 on 180-240 lb, 8.70-8.75 for 170-240 lb. Sheep and lambs up about 25 cents, top lambs 17.75, feeder lambs 12.00-12.50. Arizona feeder lambs 12.00-12.50.
A Philadelphia insurance executive explains why rates vary and how they are determined. The piece outlines that premium costs split into the raw protection costs and the selling and administration costs, with the former being unknown at sale and defined only by past occurrences and future risk. It notes the necessity of analyzing many types of events and conditions to price policies accurately.
An essay argues that insurance rates are not made by bureaus but created by public behavior. Individual actions curb or raise claims costs through traffic safety, fire prevention, and general vigilance, with communities shaping rates via care, prevention, and cooperation with authorities.
Work on the Glohe Coolidge dam project at the entrance to Boxanyon on the Gila River, about 35 miles southeast of Glohe, is slated for completion by September 1, 1928. The timeline emphasizes the county’s push to finish the river works on schedule.
Kansas City reports the Great Southwest harvest underway across Texas Oklahoma and Kansas as farmers reap a bumper crop search for bread. Adverse weather pests cut yield to about 162 million bushels across the three states with Kansas producing a little over a hundred million.
In Bisbee Arizona on June 11 AP reports Harry Stacy a mine employee was charged with arson and his mother in law Laura St John charged with conspiracy to defraud a fire insurance company in two complaints filed in Justice Court regarding a May 11 fire in south Bisbee. The investigation spanned three weeks led by a deputy sheriff and a representative of the National Board of Fire Underwriters with possible further arrests anticipated.
Preparations were completed for an intensive development campaign of the Siltano silver lead mining group east of Tucson. H. A. Clark of Calumet and Arizona Mining Company announced control and arrival of new equipment. Water development nears completion and roper shaft reaches 178 feet as miners work at three shafts.
German foreign minister Stresemann French education minister Herriot and Belgian foreign minister Vanderveide met in Franfurt Am Main to inaugurate a international exposition titled music in the life of nations. Stresemann opened the show with 17 nations represented and criticized jazz and Negro rhythms.
In Baja California Adalberto Tejeda the Mexican secretary of state is due back from the region to Mexico City where the status of granting statehood to Baja California will be reviewed. If approved Baja California would become the twenty ninth state in Mexico.
High winds and rain were expected in the Miami district today, with hail reported along the Miami Superior highway and at Del Rey. No damage had been reported so far.
Parker Jim Parker a University of Arizona special watchman pleaded not guilty in Superior Court and was held for trial until June 27. He is accused of shooting Ford after a quarrel over a woman. Ford died shortly after reaching hospital. Ford is the brother of Dallas Ford former chief of police and a city detective.
Construction of the Apache Theater in Springerville progresses toward completion with final interior finishes and expected public opening soon, signaling a cultural upgrade for the town.
Wy lah S. Rushing of Winslow Arizona seeks three year proof to establish a stock raising homestead claim No 051301 in section 8 township 20 north range east G S R meridian. The proof is before U S Commissioner D W Easley at Holbrook Arizona on July 2 1927. Witnesses H R Pitts Julia F Mahoney J B Williams and Frank Holloway all of Winslow Arizona. Henry A Morgan Register. First published May 31 last publication July 1
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