Market Tilt Downward Again Stocks Slump Amid Trading
The market edged lower again today as stock averages slipped on light volume. Brokers attributed the decline to profit taking and cautious investor sentiment ahead of year end.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 28, 1944
Page
7
The market edged lower again today as stock averages slipped on light volume. Brokers attributed the decline to profit taking and cautious investor sentiment ahead of year end.
Investors sent U S Steel Goodyear J I Case and Kennecott lower while Pepsi Cols and Atlantic Transit posted small gains. Bond trading surged as rail shares stumbled. U S governments hovered near balance as overall turnover rose to 10.58 million dollars and foreign trade headlines drifted through the session.
In Chicago on December 27 salable hogs reached 21 000 with the market fair to steady and barrows at 14 .75 top for 180 pounds and up. Cattle yarded 10 000 with steer and yearling trades steady to 25 cents lower on light weights and strong on some fat cattle. top 17 40 for yearlings and 16 25 for best heavy steers. Slaughter cattle firm to 25 cents higher with components steady to strong and hogs active at higher quotes amid a busy sale.
A fragmentary cattle and sheep price note shows lambs at 14.00 to 14.50 per unit and yearling wethers at 13.35. Aged slaughter ewes appear with 5.00 to 7.25. The entry reflects a late era livestock market listing with limited context.
Baltimore market reports mixed cattle hogs and sheep prices with steadiest calves and active hogs. Notable highs include barrows and sows at 15.30 and lambs quotable at 15.00, with closures set for January 1 and a return on January 2.
New York news notes eggs at 31 247 firm current wholesale levels with whites and yolks varying. Butter remains steady at CME ceilings. general prices show slight irregularities across egg grades from extras to dirties and checks.
Chicago grain prices started steady to firm but faded gains by close with mixed results. Offerings rose on hard spots and quotes fluctuated about the prior close. No wheat or corn bids. No. 5 yellow corn 1.03 1/4. No. 5 white 1.25. oats No. 4 white 73. barley 1.18 to 1.37 1/4. field seed timothy 6.25 to 6.50. red clover 31.50. alsike 28.50.
Pittsburgh report notes steady demand for apples with 8 car lots listed. Prices show No 1 baskets at 3.00 for Pennsylvania Staymen and Rome Beauties.
Readable OCR fragment lists fruit and potato crate prices and sacks. Mentions Virginia Delicious and Staymens apples at 3.50, New York MacIntosh 2.75 to 3.00, Maine Katahdin 3.10 to 4.25, Idaho Russet Burbanks 4.00 to 4.18 with 50 pound sacks, Maine Ka 1.60 for 15 pound sacks, and 32 car shipments noted.
The Senior Missionary society of Mount Zion Baptist church meets this afternoon at 3 at Mrs M L Hicks home on Hylton street. The Bethel ME ME chute holds a meeting at 4 pm in the parsonage on Jones street with Mrs R A Lewis hostess. A Pulaski Virginia quartet will appear at Church of the Living God December 31 at 3. Elder Luther Montgomery manages the singers. The Female Chorus of Mount Zion Baptist church meets at 7 30 pm at the church.
Theodore Bonds of Chicago visits his mother Mrs Louise Bonds and sister Mrs Mable Hariston on Vine Street.
General March, veteran World War I chief of staff, lambasted Allied failures to strike German forces directly, blamed poor military intelligence for the Nazi counteroffensive, and doubted sustained Allied victory in 1945 while noting Japan remained formidable. He hinted unconditional surrender talk hindered operations.
A fragment discusses Hitler's stance on internal unity and purity, rejecting dissent as foreign elements. It notes someone named March opposing weather factors affecting operations and claims no snowfall discrepancy across fronts, implying uniform conditions or resolve.
Rome reports a strong enemy counterattack in the Serchio valley sector near Gallicano. German fascist Italian troops reportedly pushed American lines back several kilometers and captured numerous prisoners, with the 92nd American Infantry Division involved as a Negro unit. The Brazilian expeditionary force was noted among allied troops in the Gallicano area.
Virginia reports new high in war bond investments in the sixth campaign with oversubscription of the E bond quota as of December 26. Dr. Francis P Gaines chairs the state war finance committee and notes Virginians exceeded overall quotas, with corporate and local sales across the state and 26 local organizations over their quotas. Major city and county names listed include Charlottesville Albemarle Bedford Botetourt Culpeper Danville Fairfax Halifax Lancaster Lunenburg Madison Mecklenburg Middlesex Nelson Patrick Pittsylvania Powhatan Newport News Warwick.
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