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This Week’s Market Buzz


•    A man was arrested after two men fought to have the last word during a recent Kanab, Utah, city council meeting. William James, 40, was arrested July 9 on suspicion of disorderly conduct after request to stop, a class B misdemeanor, and disrupting a meeting or procession, a class C misdemeanor. He was charged with disorderly conduct a few days later, according to court records. About 250 people attended the meeting at the local library to comment on the city's plans to lease 600 acre-ft. to a company that wants to mine sand on nearby state trust land then ship it to be used in hydraulic fracturing operations in northeastern Utah oil fields, according to a report from Southern Utah News.

•    Conservation groups filed a notice of their intent to sue the Trump administration for failing to protect the “severely imperiled” dunes sagebrush lizard under the Endangered Species Act. The groups petitioned the U.S. Fish and Wildlife Service to list the species as threatened or endangered in May 2018. The petition also requested that the Fish and Wildlife Service designate critical habitat for the lizards because “thousands of acres where they live are at risk from oil and gas drilling and sand-mining projects in Texas and New Mexico.”

•    Canadian National Railway is reporting that revenues for the second quarter of 2019 were C$3,959 million, an increase of C$328 million or 9% when compared to the same period in 2018. The increase in revenues was mainly due to the inclusion of TransX in the intermodal commodity group, the positive translation impact of a weaker Canadian dollar, freight rate increases, and higher volumes primarily from petroleum crude and Canadian and U.S. grain, which were partly offset by lower volumes of frac sand, lumber and potash.