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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 28 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 02, 1932

Page

9

Markets Rally Then Dip Amid Bond Optimism

New York stocks opened with a sharp rally of 1 to 5 points but soon faced selling that largely erased early gains. Bonds showed a similar pattern as senatorial progress on the budget bill and hopes for a stronger banking group supported sentiment. Utilities weakened late as several tax provisions drew mixed reactions. U S Steel led gains while a number of major names finished mixed to higher.

New York Wall Street Santa Fe American Telephone Public Service of New Jersey Peoples Gas Delaware and Hudson Sears Roebuck Pacific Telephone American Tobacco National Biscuit General Foods Case General Electric Allied Chemical

Bond Market Brisk Rally Fails to Sustain Gains

New York June 1 The bond market opened with brisk buying after the senate balanced the budget and a positive German outlook but prices faded as offerings surged. Total sales reached 13 582 000 par with the 60 corporate loan average slipping four tenths of a point as some second tier rails held value. A late small recovery followed the day’s low marks.

New York Senate

Curb Market Drops as Tax Proposal Shadows Utility Shares

New York curb market experiences renewed selling in utility shares after opening strength. Traders weigh Senate tax plan imposing 8 percent tax on gross electric power revenues, dampening earnings prospects while broader fiscal factors offer only slight support.

New York

Hancock Investments Claims Markets For Utilities Shares

C B Hancock Investments reports market activity with Ciiles Service at six dollars preferred and Appalachian Electric Power Company six and seven dollars preferred. Citire Service common price closed in June.

C B. Hancock Investments Ciiles Appalachian Electric Power Company Citire Service

New York Stock Exchange Quotations Provided by Bryan Kemp

Bryan Kemp and Company furnishes New York Stock Exchange quotations with associates and offices in Bluefield West Virginia. James E. Mann is manager and Jack R. Younger is assistant manager.

N. Y. Stock Exchange Bryan, Kemp and Company

Market Takes Mixed Turn as Utilities Lead Decline

Turnover of 269 000 shares exceeds yesterday by 40 000. American Gas and Electric rose 3 points then drifted to a new low near 15. Electric Bond and Share advanced a point before dipping to a new low and closing unchanged. Cities Service common held at 2 while preferred issues fluctuated widely. Oils and industrials were irregular but showed a heavy tone with utilities.

American Gas and Electric

Wall Street Briefs Highlight Debenture Oversubscription and Copper Trends

New York reports an oversubscription of 30 million dollars in 3 percent collateral trust debentures for the federal intermediate credit banks. Copper eases slightly with supplies secured through September. domestic price around 5 1/2 cents per pound, and similar for late shipments. Alco Products of American Locomotive Company begins building a Pure Oil refinery in Midland Michigan.

New York Charles R. Dunn Federal Intermediate Credit Banks Alco Products, Inc American Locomotive Company Pure Oil Company Midland, Mich

Foreign exchange rates and demand notes

New York June 1 report shows irregular foreign exchanges with various demand and cable rates. List includes Great Britain 3.68, Italy 6.1344 and 5.14, Belgium 14.01, Germany 23.64, Norway 18.38, Sweden 18.99, Denmark 20.19, Switzerland 19.59, Spain 8.25, Argentina 25.79, Brazil 7.54, Tokyo 32.44, Montreal 88.00, Mexico City 29.25. Note: Demand rates are nominal.

New York Great Britain Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Austria Rumania Argentine Brazil Tokyo Shanghai Montreal Mexico City

New York Call Money Steady in Early June Trading

New York on June 1 shows call money steady at 24 percent all day. Time loans hold at 11 1/8 percent for 639-90 day ranges and 11 percent for four to six months. Prime commercial paper near 2 3 percent, bankers acceptances unchanged.

New York

Treasury Receipts and Expenditures for May

Treasury receipts for May 28 totaled 2,255,978.17 with expenditures at 15,303,212.28 and a balance of 392,869,718.19. Customs duties for twenty eight days in May amounted to 16,984,042.75.

Washington Treasury

Bond prices and yields across Liberty and Treasury notes

New York June 1 United States government bonds closed with Liberty 3446 at 100.11, First 44%6 at 10117, Fourth 30-38 at 102.10, Treasury 4148 at 108.12, Treasury 48 at 00.5, Treasury He at 97.20, and Treasury 3s at 96.4.

New York United States Liberty Treasury

Coffee futures fall on weak demand and trading firms

New York June 1 reports foreign and local selling pressure as demand weakens for actuals and futures. No 7 contracts open seven points lower, close three to twelve lower. spots 3,000 sold. Spreads show declines across July to May maturities with Santos and Rio trade notes included.

New York Santos Rio Te

Butter Prices Reported Steady in Chicago Market

Chicago June 1 butter markets show steady to firm tones with quotes around 93 cents and several daily figures such as 174 and 92 in various percentages. The report lists multiple bid levels and price ranges, noting centralizing trends and varying percentages across lots.

Chicago

Sugar prices rise on Philippines sales in New York

Raw sugar held steady after late yesterday sales of 36,000 bags of Philippines in port to a local refiner at 2.57 delivered, the lowest price recorded. Approximate sales 4,100 tons. July to May futures ranged from 0.61 to 0.86. Refined sugar unchanged at 3.75 for fine granulated with moderate inquiry.

New York Philippines

Butter Price Report From Cincinnati Produce Market

In Cincinnati Ohio on June 1 butter prices advanced with butter pat quotes at 11 to 13 cents per pound reflecting a firmer market as buyers and sellers noted limited supply and steady demand in the early summer trading session.

CincInnati

Pittsburgh Produce Market Report June 1

Pittsburgh prices show demand for apples steady with New York Russets at 3.00 per 25 barrel baskets and Baldwins at 1.00 per 25. Russets at 1.90 per 15. Onions light trading with several regional stocks noted. Potatoes weaker with 100 lb sacks quoted. Maine Green Mountains at 1.00 05, Michigan Rurals at 1.00. new stock Alabama Bliss Triumphs 2.20, Louisiana Blitz Triumphs 2.60.

Pittsburgh U. 5 New York Alabama Bliss

South Carolina Cobblers Barrels 4.00 25. Butter Nearby

A fragmented item notes 92 acres and extras with standard score 17. Mentions eggs cheese poultry and butter in a rural sales or market context. No clear dates or named institutions emerge. The readable bits suggest a local agricultural listing or brief market update.

South Carolina

Grain Trade Sags After Senate Tax Move

Chicago June 1 grain pits show a semi demoralized trade as senators approve a 400 percent tax increase on produce exchange. Wheat and other grain fell sharply with prices near the day’s low. corn and oats also declined though provisions held steady. Crop estimates for 1932 suggested a winter yield around 433 million bushels versus earlier forecasts of 461 million.

Chicago Senate United States

Jersey City Livestock Market Report June 1

Jersey City cattle trades steady to weak with steers and cows moving 2.00 to 3.50. Vealers and calves total 1,219 with top vealers at 6.00 to 7.00 and calves 2.50 to 4.00. Sheep and lambs 4,140 steady. ewes 2.00 to 2.25, rams 7.50 to 75, common 5.00. Hogs 2,430 direct trades mentioned.

Jersey City

Dry Goods Market Signals Lower Cotton Output

New York June 1 reports show cotton pods in the gray goods division with influence from raw cotton markets. Analysts expect cotton production to fall below normal capacity due to lands being largely closed. Moderate buying of gin and tropical suitings is also reported.

New York Gray Good

New York Poultry Price Report June 1

New York market report shows creased poultry irregular, overall firm. Broilers and fowls steady with various freight and express rates. turkeys 10 to 20 cents, eggs at 78 880 cents per dozen with mixed colors and special packs noted. White eggs and brown eggs values listed with regional offerings and credit sales.

New York Atora

Baltimore Livestock Prices June 1 Report

Baltimore stockyards report cattle prices steady across grades with primes up to 7.00 and medium to good around 4.25. Sheep and lambs 500 head steady. hogs 600 head lower on light and medium weights. calves 190 head steady with good to choice at about 6.09 and common to medium near 3.00.

Baltimore

Pittsburgh Livestock Market Report June One

PittsburgH livestock data show hogs mostly steady to 5 lower with light categories at 3.35 to 3.75 per hundredweight and heavy weights around 3.00. Cattle numbers near 1,800 with steers 6.30 to 6.80, heifers 5.00 to 6.50, cows 4.25 to 8.00, calves 3.50 to 5.50, sheep about steady with lambs 6.00 to 7.00 and yearling wethers 3.25 to 5.25.

Pittsburgh

Chicago Livestock Market Report June 1

Hogs 19,090 with 4,000 direct, strong to 10 higher, top 3.65. pigs 2.75-3.00, Iowa 2.60. holdover 4,000. Cattle 8,000, calves 2,000. fed steers and yearlings up 10-25, best yearlings 7.49, weights 600-1,600 lb. Sheep 8,000. lambs 6.00-6.25, yearlings 5.25-6.00, all weights 4.00-5.25.

Chicago U. S, Dept Iowa

Trade Trends Cotton World April Consumption Tally

The Associated Press reports world consumption of American cotton in April reached 1,078,000 bases, compared to 1,149,000 bases in the prior period. The data reflects ongoing demand patterns across markets and indicates a shift in usage levels for U.S. cotton exports.

Associated Press

Radio schedule and Navy graduation broadcast noted

The notice outlines a day of radio programming for June 2 with WABC CBS coverage of the United States Naval Academy graduation exercises in Annapolis from 11:00 a.m. to 2:16 p.m. led by Rear Admiral Hart, plus a dense CBS ABC network basic chain listing stations and time blocks across the eastern, central, and coast networks. It mentions Georgia Price joining Benny Kreuger's orchestra and various program blocks, from music to drama and public affairs, across multiple time slots and regions.

New York United States Naval Academy Annapolis Thomas C. Hart Georgie Price Benny Kreuger NC South Midwest Ee Oi Rady Vallee Wabe Wade Woko Weao Waab Wnac Wkbw War Wkre Whk Wxyz Wdre Weau Wipwan Wjas Wean Wibl Wapd Wmial Whbm Wen Wibm Kwbe Weeo Wpg Wibw Wph Whee Wibsz Wea Cfrh Chac Dixir Army Band Democratic Talk Hall Creh Gulzar Dunn Jack Miller Palooka Basie Willem Minsk Nbu-Wiz Wit Weky Kyw Kfkx Wen Wren Wtmij Wiba Kfyr Ckgwefef South Wrva Wptf Marie Stokes Oreh Ted Black Eat Amos Andy Neaing Lady Orl Hines Ras Larry Fusk Edward Elgar Brideh Ernc Rapee WJIZ NBC Elgear Mosic Jay Alden Edking WJZ

Market and energy demand trends from early 1930s report

The report cites March to April 1932 figures from the New York cotton exchange service with 600 in March and 1,004,000 in April, nine month consumption around 9,443,000 bales, and a year over year rise. It forecasts gasoline demand declines domestic 5.4 percent and export demand down 14.1 percent, totaling a 22,389,000 barrel drop. Sugar refiners report January to May 21 melt of 1,590,000 long tons and deliveries of 1,200,000 long tons versus 1,580,900 and 1,390,000 a year prior.

New York Cotton Exchange Service Volunteer Committee On Petroleum Economics Federal Oil Conservation Rct United States

Toledo grain prices from June 1 report

Toledo market summary lists wheat No 2 red at 49 1/2 to 50 1/4 and No 1 red around 50 1/2 to 51 1/4. Corn No 2 round 26 1/4 to 26 1/2 with No 8 yellow near 25 1/4. Oats No 2 about 22 1/4 to 23 1/4 and No 1 White around 21 3/4 to 22 1/4.

Toledo

Also Mentioned on This Page

Bluefield Daily Telegraph Bluefield W. Va Banking Standard Statistica Co Ind. Ar Rutty Essere Ean Fleen Sea West Virginian Hotel Bluefield, W. VA New York Stock Exchange New York Cotton Exchange New York Curb Exchange Chicago Board of Trade Richmond Stock Exchange James E. Mann Jack R. Younger Eastman Kodak Ietlon Aly Packard Motors Alaska Juneau Paramount Publix Ieeatete Ford A . Voner Aioe Pennsyla RK America Dot Eos N.d General Motors T. Wee Reo Motora American Water Works Republic Steel Great Northern Reynolds Seetals Pete Eerebee Goodyear Chee St Jose Lou San Fran Houston Houdalilie Hershey Southern Pacific An Co Southern Railway Bethlehem Pqs I‘ Johns Manville Gent Ener Wwlly Kennecott Copper Broskiynanton Kroger Roe, Lambert Co Stewart W Cease Bu lAggett and Myers Bb Studebaker Uld Carbonle Texas Chesapeake Robbins Im Unionacific Pac Mack Truck Weero United Aircraft United Carbon Commonwealth Kan Tex Columbian Montgomery Ward Bec Mullens Mfg Os Ay Motors Eeewee Oy Sa Steel Stee Cages Nairn Nat Biacult Uul Ifs Eeeewnees Nat Cash Register Te Vanadium Steel OM Oh Continental Baking ‘al Lars Continental Can Distillers Warner Pictures Ee Continental Nat This Wesson Steel Western Western Weee Union Continental Oil Norfolk and Western Westinghouse Airbrake American Ge Westinghouse Elec Eae Curtias- Writ Wall Street Briefs London Copper Exrters, Inc Cincinnati Produce Chicago Grain Jersey City Livestock NEW York Poultry Baltimore Livestock Pittsburgh Livestock Chicago Livestock Whis Bluefield Union Mission Filen Roger Sylvia Zrenn Basie, Feer & Roys Bennett Dixie Hamp East Freight Barlow Anne Ose Orch East Joe Repeat Oilseed Mess Orch Nelson's Orch Kreager Orch Coast Out Crime Club Coast Repeat Dante WEAF Salon Singfa Ray Orkins Arry Reser Exkimoa Boston Ree Revue Kate Smith Isham Jones Harold Stokes Thompkins Cornera The Nbc-Weaf Weei Wtic Wjar Wtag Weah Wfi Wlit Wibr Wrew Weae Wlam Wwj Waal Wmag Weli Kid Wdaf Wim Kstp Wday Ckgw Cfc South Wwne Wis Wjax Wila Swun Wiod Wab Wsamb Kwoo Mountain Kgh Pacific Coast Kgo Kfi Kgw Ktar Cu Cent Womans Radio Review Toledo Grain O. T. Alexander Harry Bowen James Elwood Jones Arthur J. MacBride M. L. Wallace Sales H. Hawthorne Pocahontas Fuel Company ONE Broadway Pocahontas Tidewater Great Lakes Atlantic Coast Tambert'’s Point Sewall's Point Nortol Newport News Rouse New Bedford Mass Salem Mystic Wharf Boston Portland Maine Sandusky Veledo Ohio Boston, Mass Bortland, Maines Migrepe Cincinnati, Ohio Uedetroit. Ch Money, Savon & Co, Ltd Lime Street Square England Coal Trading Association Notterdam Frederick Gundersen A. 8 Bergen E Pinto Basto & Co., Ltd Lisbon Bottugal A. Henty Coe & Cleri Lomelin' vi Genoa Lora Thy Sidney, Smith Min Eve Syo Ey
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