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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
May 16, 1932
Page
9
Miss Leslie Mant of London, aged sixteen, aims to depart England for Australia to chase a new air speed record. The young aviator hopes to set a landmark in the record books with her planned voyage.
A hairless calf with only hair on its face and tail was born on J. A. Smith's Portland farm. BB. BL McDougie of Portland submitted a photo, questions linger about the calf's bald future as a curiosity entry in a contest. The piece also notes a tombstone typo and a Blue Hole near Cantalia with constant 44 degree water and a large daily discharge.
In New York on May 14 unsettled by further weakness in individual shares the curb market again fell after quiet sessions. Oil leaders Gulf Oil and Humble Oil rose briefly before profit taking trimmed gains while Cities Service International Petroleum and Standard Oil peers showed little progress. Electric bonds and utilities fluctuated as popular issues drifted lower and market breadth remained thin with special issues quiet.
Bradstreet reports a seasonal revival in free all trade and a gradual upturn in automobile production. The steel market shows a better tone. Washington April shipments of anthracite totaled 4,470,404 tons, up 561,993 tons from March per the Anthracite Bureau of Information.
United States government securities reached near year highs early in the week before prospects of financing for relief programs caused jitters. Railroads led declines with Nickel Plate, New York Central, Baltimore & Ohio, Chesapeake & Ohio, Chicago & North Western, and Frisco sliding. Public utilities and some bonds were steadier. Postal Telegraph, American Telephone and International Telephone debentures showed upside progress.
Egg prices fluctuate with near fresh stock listed for live poultry. Leghorn hens show 18 to 20 cents, young leghorns 12 to 15 cents, old heavy birds noted with unchanged rest of table.
Southern Ohio, West Virginia, Kentucky markets show current receipts totaling 25 291 cases with extras and firsts across poultry lines. Leghorns, leghorn broilers, colored broilers and ducks are listed with various counts. Butler Market records include 14 690 tubs received and extras and firsts adjustments.
Live stock totals show cattle receipts at 80 with weak undertone, vealers and calves nominal, hogs 900 head with prices around 1 to 4 dollars. sows steady near 2.40, sheep receipts 300 with steady tone and lambs priced from 4.60 to 6.60, wethers around 2.75. Heavier weights commanded about 3.25, dairy and mixed grades noted amid overall softness.
Pennsylvania railroad filed amended ICC papers seeking 27.5 million dollars over three years from the Reconstruction Finance Corporation, down from 55 million. The line plans to issue securities via banks and investments to cover half the original amount as conditions changed.
Wheat recovered after dipping over one cent a bushel on the Board of Trade. Corn and oats closed lower with corn up fractions of a cent and oats down fractions.
Recent inquiries for wool and ropes lift market tone with growing confidence in wool value ideas though actual sales and formal quotations remain unrealized.
Prices for grains and hay listed for multiple grades with small discounts and premiums. New York American Airways says passengers up 68 percent in four months 1932 and miles flown up 51 percent while air mail up 7 percent. Montreal Canadian Cottons reports 126 enti operating profit for year ended March and Tidewater Associated reports first quarter net profit 527 602 against prior loss.
A broad market selloff pushed many leaders to new lows as American Telephone and Western Union slipped to record or near record lows. Union Pacific, Atchison, Missouri Pacific and other rail stocks also fell while Colgate Palmolive and Pennsylvania Railroad posted small gains.
The day’s trading shows mixed results among industrials and autos with notable movements in Allegheny, Erie, and Union Pacific. Major firms including General Electric, DuPont, General Motors, and United Aircraft show varied gains and declines as investors weigh industry shifts.
Store buyers report butter eggs and poultry with price ranges. Potatoes from Ohio and New York quoted at 60 to 65 cents per 100 pounds, with best lots around seven percent. Maine Green Mountain russets listed at 81.25 per 100 pounds, Idaho Russet large to medium at 1.70175 and 1.80 to 1.60 per 100 pounds.
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