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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Sep 18, 1932
Page
15
Attractive house offered by Cameron Bros. Beautiful design and prime location. Easy terms available. call Cameron Bros at 721 for details and showing appointments.
New York reports show the Exchange Business Conduct Committee reviewing broker replies about political comment in market letters. Officials aim for a non partisan stance to avoid perceptions of official Exchange policy. Government bonds and grain markets are noted with modest movements and price steadiness across evaluated sectors.
The stock market plunged late in the week with the industrial average down 6.31 Monday and continuing declines on Tuesday and Wednesday as uncertaint y over Maine election results unsettled traders. Rails led losses with major names like Union Pacific and Norfolk and Western weighing on the tape while investors watched the Nickel Plate maturity and financing concerns loom.
Ohio’s first native feeder lamb sale at Central Ohio Co op Stock Yards Columbus September 15 drew 21 lambs from Meigs Quernsey Perry Franklin Morgan Washington Licking and Athens Counties. Top price 2.43 per cwt for 33 pound open wood lambs. bulk sold 4.75 to 4.46. lightweights 4.00. culls 3.50 to 3.90. Pack- ers bought a few fat lambs at 5.75. About 75 buyers from a wide area attended. next sale planned for two weeks hence with 1 800 to 2 000 lambs expected. Details to be announced by county agents and sheep associations.
New York stock markets ended mixed with firm starts giving way to declines. United States Steel, Steel Common fell to 40 percent at the open, trading down to 38 percent below prior close. Steel Preferred dropped over 16 points from recent highs as investors moved toward safer assets.
In New York on September 17, a steadier undertone emerged in the bond market after a volatile first week. Rail and utility issues experienced sharp losses, with Nickel Plate 62 falling about 15 points in one session while several rail and corporate bonds sagged. Toward week's end rails, industrials and utilities rebounded somewhat, though not fully offsetting earlier declines. Government issues stayed in a narrow, steady range.
New York reports a week of continued selling on the Curb Exchange with main declines in Electric Bond and Share and American Gas and Electric. Some issues rebounded late, while others like Cities Service drifted, and several names stayed near prior levels as investment trusts fluctuated.
Hogs receipts 160 with slow market and bids around 10 cents. calves receipts 3 with steady market. cattle receipts 60 nominal. sheep receipts 1,000 very slow with bids near 4.26 to 4.60 for most and choice handyweight lambs noted. Packing sows 3.50. veal up to 7.80. grades soft with prices drifting downward.
Market receipts and price ranges for hogs and cattle across Cincinnati and Chillicothe. Hogs 2700 head with prices from 4.20 to 4.40 per hundredweight. cattle 600 head, calves 76. sheep 1175 as nominal values. Baby beef sale profit noted at 90.
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