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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 01, 1936
Page
11
New York stock action closes lower as old line leaders retreat while specialties show strength. Volume stays steady with 2,128,740 shares traded. AP index falls 2.5 points to 71.6. U.S. Steel and Bethlehem ease while Allied Chemical gains lead gains among others.
Abbott Proctor and Paine successors to Livingston Co operate on the New York Stock Exchange. The firm is located in the Fiat Top National Bank Building with James E. Mann as manager and phone 1900.
Baltimore market notes 1,475 cattle and 375 holdovers, with steers averaging about 15.15 above prior week. Heifers and cows steady, bulls steady. common and medium steers 1,000 to 1,300 pounds quoted 7.59 to 9.00, lightweights down to 7.00. Calves around 300 head, steady with plain quality. hogs 1,350 head, higher than Friday or steady, good and choice 170 to 225.
The report lists bids for cattle and hogs with price bands by weight such as 225-250 lbs at 10.00 and 60 head, 140-160 lbs at 9.85 to 10.85, and 120-140 lbs at 9.50 for 75 head. Good sows quoted at 9.10, with some hogs above the quotations. Sheep trade unsettled with lambs steady or up to 9.75. slaughter ewes salable steady or up to 4.00 on good light weights.
Know all men by these presents that the stock of automobile tires and tubes and accounts receivable in the Raleigh Street Garage Bluefield West Virginia are the property of United States Rubber Products Inc delivered under a consignment contract dated November 16 1936. Signed by Raleigh Street Garage by S A M on November 19 1936.
A broker from Co B Hancock highlights an electric power company stake at six dollars per share with preferred stock bought and sold on commission. The brief indicates action on Allocal stocks and bonds managed by the broker.
Chicago livestock traders report Hogs 41 000 with direct loads 13 000 steady to 10 higher, top 10.00. Cattle 21 000 and calves 2 500 with better yearlings steady. Sheep 20 000 with fat lambs slow and prices down to 25 lower. Bulls and cows vary, light weights weaker, bulk feeding lambs firm, moody packers values.
In New York trading on November 30 buyers stayed cautious with some issues rising, notably select industrial convertibles, while rail secondaries led declines. Industrials and utilities showed resistance as volume fell to 11.489 million par value from 15.216 million Friday. government loans edged up on light turnover with quotes 2 1/2 to 8 1/2 points higher.
Grain on track shows Wheat No 1 red 1.19 1.20, No 2 red 1.18 1.19. Corn No 2 yellow 1.01% 1.02. No 3 0.984 1.01. Oats No 1 white 0.4844 0.50, No 2 0.47 0.49. In store, billing adds 5c wheat, 4%c corn, 3d4c oats. Hay prices list No 1 Timothy 12.00, Clover 11.00, first alfalfa 13.00, second cut 16.00, straw 4.00.
Lancaster Pa livestock market report details cattle figures with 1515 head traded. Fat steers and heifers expected to sell about 25 higher, cows and bulls up 25, calves strong near 12.00 to 13.00, hogs 25 higher with choice westerns 10.75 to 11.25, sheep steady with lambs quality steady while common grades falter.
Chicago on Nov 30 saw wheat futures firm near six year highs as buying remained active. Dec futures closed at 120 1 2 percent, May 117 1 2 to 118, July 67 1 4 percent. corn mixed to small gains, oats down, rye up, and provisions ranged 7 to 35 cents higher.
Cotton gray cloths were strong and active today while finished cotton stayed in demand. Rayon gray goods were withdrawn by mills awaiting price moves, raw silk rose 8 to 4 cents a pound, wool goods quiet, and burlap sold in moderate quantities.
Raw sugar held near 3.70 in New York while shipment sugars rose to 3.78. Futures closed up 8 and 4 points with refined at 4.80, leaving spot unchanged.
A quoted remark asks why not secure a home roof now to save a year's wages as real estate markets rise, urging immediate buying to protect family shelter.
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