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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Aug 10, 1929
Page
13
Employment categories include Premate, Help Wanted male and female, solicitors and canvassers. Financial ads offer investments, stocks, bonds, loans, mortgages and borrowing. Pet listings cover dogs, cats and other animals with live stock and horses. Merchandise and poultry sections appear but lack details.
1928 Chevrolet coach 1927 Chevrolet coupe 1927 Chevrolet truck 1927 Chevrolet tour 1926 Chevrolet coupe 1926 Buick sedan 1926 All Makes and Models To Choose from. $25.00 and up. $5.00 Down and proper security will drive any Car away. At Garage 8 5 N Court St At Lot Cor Lancaster and Carpenter Sts.
A garbled ad lists radios with prices such as 14 and 35 dollars, a Meiga Radio and Electric item, and a home with four rooms in good condition offered at bargain price. The text also mentions Ashworth Jewelry and a real estate note, then shifts to a market report on broker loans and price pressure after a rate rise.
New York markets plunged after the Federal Reserve raised the rediscount rate to six percent. Stocks tumbled sharply across averages, with the first 25 active issues showing declines from one to several points and total market losses surpassing two billion dollars.
Despite renewed disturbances in money and security markets, general business activity last week showed signs of increasing from the July low point. The weak wholesale liquidation in stocks may free funds for speculation but the fall outlook on credit remains uncertain. Bankers note reductions in bill buying rates but foresee limited cheaper credit and potential rediscount pressure.
New York reports meager activity on the New York Stock Exchange as unsettled markets and a downtrend in most bonds kept offerings limited. Investment trusts led with a $15,750 principal issue in Capital Corporation stock, including 209,999 shares at $78.85 each, while Tucker, Anthony & Co. backed a 796,000 share near capital stock for another new holding firm. Utility financing rebounded despite sharp breaks on major exchanges.
The clipping lists numerous corporate names and stock percentages including Atlantic Refining Chesapeake Corp General Motors Dupont and more. It reads like a market page with company names and share figures across industries from fuels to automobiles and steel.
The bond market drifted lower in quiet trading as converter issues drew attention while government securities and utilities recovered later in the week. Industrials were generally weaker though select issues like St Paul 4s and Missouri Pacific General 44 moved with momentum. railroad and dairy stocks showed renewed pressure on local actions.
Hog receipts 1 430 show uneven activity with most notes steady. Cattle receipts around 180 steady with bulk quotations for steers 110 to 111.50, heifers 105 to 106.50, beef cows 7 to 11.25, veal 140 to 150. Lambs quoted 14 to 15 and fat lambs 10 to 12. Summary shows overall market at steady to mixed levels with several price bands noted.
Live poultry including hens priced at 32 cents each and 16 items listed for ropatera. Geese and broilers shown with varied per unit costs. dressed poultry hens at 40 cents. Butter prices per pound and tubs listed. additional items show rent receipts and practice selections with unclear figures.
A clipped list shows various produce prices and poultry items with quoted rates. Entries include nullet extras at 47 48c and extras firsts around 42 percent, pegging fiesta items, ordinary poultry towels at 30 3lc, broilers at 2? 2c, and old cocks around 18 20e with several per-pound references.
Cincinnati cattle and hog receipts show mixed results with a steady market. Beef steers around $10 to $15, cows and cutters varied, vealers and yearlings noted, fat lambs and bulk stock feeders also listed with steady demand.
New York weekly call money ranged from 7.12 percent to event percent amid bank withdrawals. An unexpected rise in the rediscount rate to six percent unsettles authorities who expect minimal impact on call money.
Price strength led gains in leading issues and many stocks held above yesterday's levels at the opening of the stock exchange. Profit taking on Gatuseey diminished after minutes as the market showed underlying resilience and signaled the decline may have run its course.
Trading in the coarse worsted cloth market remained quiet with buyers not lowering asks even as raw staple prices fell. Be 64 x 60s held at 70 cents, 40 x at 6% cents, 72 16s up to 7? cents, and small 40 squares moved at 10's cents. Market for 66 x 72?5 stayed at 6% cents throughout.
George Hawk Jr faced a paternity charge in Athens County Common Pleas Court after state action on Edna Gould’s complaint. The court paused the case to await a settlement.
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