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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 24 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, 1933

Page

11

Buyers polish up metal rail list fuels stock gains

The market opened quiet but buyers lifted metal and rail shares, ending higher though not sharply. Wheat slipped then steadied, cotton mixed with small losses, bonds hit a new high, and electric power output rose about 5 percent from a year earlier. Several names advanced, including Anaconda Copper, Kennecott, U S Smelting, Cerro de Pasco, and J I Case, with U S Steel, General Motors, and General Electric edging up as utilities lagged.

New York Trade Association Roper Anaconda Copper Kennecott American WU. S. Smelting Cerro de Pasco American Can Youngstown Goodrich Goodyear U. S. Rubber National Biscuit International Harvester du Pont U. S. Steel American Telephone General Motors General Electric Canadian Pacific Atlantic Coast Line Lackawanna Baltimore and Ohio Ontario and Western Southern Railway New York Central Delaware and Hudson National Distillers Libby-Owens-Ford Atlantic Refining

Bond Market Ends Higher With New Year Highs

New York June 1 The bond market rallied in late trading and closed at another new high for the year. The average for 60 domestic corporate loans rose two tenths of a point to 76.3. Total sales reached 14,071,000 as new 1933 industrial and railroad sectors posted gains.

Ind R.R New York

New York Stock Exchange Quotations

Quotations furnished by Bryan Kemp and Company list market venues including the New York Stock Exchange New York Cotton Exchange New York Curb Exchange and the Chicago Board of Trade with James M Mann as manager and associate status at the Richmond Stock Exchange in West Virginia.

Bryan, Kemp and Company New York Stock Exchange New York Cotton Exchange New York Curb Exchange Chicago Board of Trade Richmond Stock Exchange

Call Money Rates In New York Short Term Market

Call money in New York on June 1 remained steady at 1 percent all day with time loans showing modest levels. Prime commercial paper offered at 1 percent, bankers acceptances eased with 30 days at 14 percent and longer terms around 7 percent.

New York

Curb Market Steady as Oil and Metal Shares Rise

New York curb market strength supported by oil and metal issues with utilities mixed after late selling. About 671000 shares traded, with General Tire and Rubber up 8 points and Celluloid first preferred near a similar gain, while Aluminum, Deere, A O Smith and Swift posted solid fractions. Gulf and Humble led the oil group higher.

New York General Tire and Rubber Aluminum Company Deere A. O. Smith Swift Gulf and Humble

Treasury receipts and expenditures for May

Treasury receipts for May 29 totaled 6 362 471.64 with expenditures at 10 064 649.02 leaving a balance of 333 021 471.56. Customs duties for twenty nine days of May amounted to 19 685 281.36.

Washington Treasury

Sugar Market Steady as July to May Contracts Hold

Raw sugar remained unchanged with 22,600 tons traded. July closed at 1.47, September 1.51, December 1.58, January 1.60, March 1.65, and May 1.70. Refined sugar held at 4.50 for fine granulated, with second hands around 4.35.

New York

Butter Rates Steady to Firm in Chicago Market

Butter prices in Chicago on June 1 show a steady to firm tone with fresh quotes around 93 and 92 for 2140 and 21, 20 percent fat content. Centralized reports list 90 as a notable figure with 21 percent, while other readings include 89 and 88 at varying percentages, reflecting a tight market.

Chicago

Jersey City Livestock Market Report June 1

Cattle counts reach 1,439 with direct sales and vealers totaling 2,100, market steady to strong for southern stock. Prices range 6.00 for good to 3.00 5.00 for common and medium. Sheep and lambs at 6,680 with 4,840 direct, market steady to weak, desirable lambs around 8.35. Hogs 1,540 with 1,520 direct, steady. practical sows about 5.40.

Jersey City

New York Poultry Prices and Egg Market Report June 1

New York poultry prices show dressed poultry irregular with live poultry weak. Freights and expresses vary for broilers fowls roosters turkeys ducks, while eggs weaken with mixed colors standards and firsts. White eggs and other whites edge unchanged amid market activity.

New York

Stock market gains boost major rail and insurance shares

The report shows par value at 14,971,009 versus 16,114,000 yesterday. Active carriers rise with 1 to 2 point gains, including Alleghany Corporation, Baltimore and Ohio, Chicago and Alton, St. Paul, Chicago and Northwestern, Rock Island, Erie, Great Northern, Louisville and Nashville, New York Ontario and Western, Southern Pacific, Southern and Wabash.

Alleghany Corporation Baltimore and Ohio Chicago and Alton St. Paul Chicago Northwestern Rock Island Erie Great Northern Louieville and Nashville New York Ontario

Foreign exchange rates and world currencies update

New York June 1 report lists irregular exchange for Great Britain France Italy and other nations. Rates show demands and cables across multiple currencies including Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal and more with notes on nominal values.

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

Government Bonds Close Prices June 1 New York

United States government bond results show Liberty 34a 102.18 First 14s 3 102.18 Fourth 4s 103.2 Treasury VMs 109.18 Treasury 46 105.27 Treasury 3 6 104.6 Treasury 3 s June 101.28

New York United States Liberty Treasury

Pittsburgh Produce Market Report June 1

Produce demand slow with apples largely steady across sizes from New York and Baldwins to Ben Davis. Potatoes firm to slightly stronger with Green Mountains and Bliss Triumphs listed. barrels for Cobblers and other regions shown. Butter and eggs prices mixed with various quality grades. cheese and poultry unchanged in limited data.

Ben Davis New York Baldwins Russell Starks Maine Green Mountains New Stock Bliss Triumphs Alabama Louisiana Barrels Cobblers South Carolina North Carolina Ohio West Virginia Kentucky

Inflation signals spark grain rebound in Chicago trading

Chicago grain market rose on news of forthcoming inflation measures from Washington. Wheat closed irregular, down to up slightly. corn steady to slightly higher. oats fell modestly. provisions dropped 7 to 12 cents from yesterday's finish.

Chicago Washington

Pittsburgh Livestock Market Update June First Summary

Pittsburgh livestock report shows hogs 1,000 heads mostly 130 to 160 pounds at 4.25 to 5.00 for lights. 160 to 200 pounds at 4.90 to 5.25. 209 to 250 pounds at 5.15 to 5.25. 250 to 350 pounds at 4.80 to 5.20. Cattle steady to weak with steers 900 to 1,300 pounds at 5.85 to 6.25. common and medium 4.75 to 5.85. heifers 550 to 750 pounds at 5.25 to 5.75. common and medium 4.00 to 5.25. cows 3.15 to 4.15.

Pittsburgh

Baltimore cattle and hog prices steady at market

Baltimore June 1 cattle market totals 200 head with steers good to choice about 56.75 to 6.00. cows medium to good 2.25 to 3.75. heifers 4.50 to 5.00. Sheep and lambs 1,000 head steady with spring lambs 7.75 to 8.25. hogs 1,100 head steady with lights 4.85 to 5.20. calves 100 steady good to choice 4.50 to 5.00.

Baltimore

Federal Reserve reports broker loan totals rise

Washington June 1 loans to brokers and dealers held by New York federal reserve member banks for the week ending May 31 were announced at 635 090 000 dollars, up 72 000 000 from the prior week. Also notes that some of England's first fleeces come from Orkney and Shetland where seaweed is a major sheep fodder.

Washington New York Federal Reserve Federal Reserve Board England Orkey and Shetland Islands

Trade Trends and Commodity Moves Across Markets

The Associated Press notes Wool Goods-Advance activity remains heavy in four years with demand focused on key garment makers. Canned Foods-Advances appear in some Hawaiian pineapple grades with small price shifts. On the spot market, general activity persists. Chemicals-Copper sulphate prices rise with metal markups. nickel salts, sodium stannate, and tin crystals show strength.

Associated Press Gaya & New York Exchange Bulletin

Wabash receivers authorized to pay bond interest and loans

Courts permit payment of interest on first mortgage 5 percent bonds due May 1 and on Wabash Omaha divisions loans due April 1, plus Columbia and Saint Louis railroad bonds due May 1, using funds advanced by the Reconstruction Finance Corporation. R. J. Reynolds Tobacco declares 75 cent quarterly dividends on common and common “B” shares. Gazettes record date June 17.

New York Wabash Railway Reconstruction Fiance Corporation Wabash Omaha Columbia and R. J. Reynolda Tobacco Company Gazetts

Lancaster Livestock Market Steady With Beef Cattle Prices

Lancaster June 1 market steady with Wednesday's beef prices. Stockers active with common grades 4.00 to 5.00 and better 5.00 to 6.00. Vealers 6.00 to 6.50. Lambs 8.00 to 8.50. Nearby hogs 5.00, westerners 5.50. Roughs 3.50 to 4.00.

Lancaster

Activated char filters from grain hulls for water purification

New York chemists convert hulls of buckwheat rice and other grains into activated char a dense powdered charcoal filter that removes tastes and odors from drinking water. Developed by Hackensack Water Co the filter uses waste from farms including peach pits and paper pulp lignin. Dr P Burke Jacobs of the US Agricultural Experiment Station Ames Iowa describes potential for expanding agricultural economic opportunity.

New York Hackensack Water Company P. Burke Jacobs United States Agricultural Experiment Station Ames Iowa

Cooperage plants run full time in St. Louis revival

G I Frazier president of Associated Cooperage Industries of America reports a revival of the barrel and keg business after beer legalization with many coopers operating day and night. He notes increased demand for slack barrels for bottled beer and says slave mills in southern states that had been idle are now running.

St. Louis G. I. Frazier Associated Cooperage Industries of America Frazier

Artesian well feeds new brewery plan in Kansas City

An artesian well on the edge of Kansas City's business district may flow again with the return of legal beer. The 4 inch well, shut in for a decade, previously supplied the old Muehlebach brewery. George Muehlebach owns the site and plans to reassemble the dismantled plant using the original water supply.

Kansas City Buslness Muehlebach George Muehlebach

Also Mentioned on This Page

Standard Statistics Co. Oo Lea Bastuman Kodak North Amer, Co Alaska Juneau Allied Chemical Allis Chalmers Foster Wheeler Packard Motors Amer Can Penick Ford Penney Freeport Texas Penn Rll Amer. Loco People’s G Phillips Et Gen Motors Proctor and Gambler Gen Pullman Pub Lily Gillette Safety Radio Corpn Radio Keith Orpheum Wat Goodri Um Reo Motors Anaconda Corp Goodyear Tire Hershey Choe Republic Steel Houdathie Hershy Reynolds Metals Reynolds Tob Asa'd Dr Houston Oil Eae Royal Dutchee Avs Oh Hudson Motors Staves Os St. Jose Enone Seaboat Air Line Atlas Powder Trupp Motors Finals Central Eee Sy Sears Roebuc Int Nickel Vibe Sou. Calif. Edison Darneda D “Aeseer Ihe Tel Bendix Aviation Inland Steel Sou Pac Johns-Manville Oa Sou Kelvinator See Tees Oa Borden and Co Kennecott Copper Sroshaya Man, Trans Kresge Ey Etnee Btooklyn-Union Gas Kroger Groce Lanmibert Stewart Warner Dan Pipe Lehman Corp . i Stone and Webster Elfle Ae Lehn and Fink Studebaker Liggett and Myers Wy Exus Co Lowe's Inc l Timken Roller Bearing Chesapeake Corpn Cc Lorillard Tob. Teres OM Transamerica Corp L. and Esos Oeace Underwood Elliott Chi C., M. and &. P. and P. Northwestern Magma Copper United Corpn United Gas Mexican Seaboard U. S. Ind Credit Tee Il . & Pipe Fdy Ish Tse M Ee Onevees Aeee Montgomery Ward Congoleum Nair Wesson Olseer Western Maryland Western Union Westinghouse Airbrie Westinghouse Woolworth BO Steeweeee Worthington DuPont Drug Ewnee Tole North Amer Aviation Yellow Truck Standard Statistics Co R.r.ut Hancock Investments Appalachian Electric Power Company Cities Service Common N. Y. Stock Exchange West Virginian Hotel James 8. Mann Bluefield, W. VA Sonny Raymond Bishop, Jr Cherry Tiger King Morris and Essex Kennel Club Madison N. J M. Hartley Dodge Jersey City Livestock NEW York Poultry U. S Barrela New York Chicago Grain Pittsburgh Livestock Wall Street Briefs Lir Alexander Marty Bowen Fr. R Hawthorne Arthur J. MacBride R.L. Wallace Pocahontas Fuel Company ONE Broadway U.S Macahontas Great Lakes Lae Avantia Comat Ipey Ats Pildes Mberta Point Hewell’s Pink Norfoll End Newportews New Bedford Mass Salem Sigotic Wharf Gorton Portland Maine Sandusky Sky Boston ARKO Ried Ick Gys Rereen Pinto Rasto & CO Ie tAshon Eee A Henty Sons Emidt Tameilini Genestal Hai’ i Wag Ol dL Srotecingesise TT Stockholm Ont N. Aktie Vv Rergerestherburg Randie Lancaster Livestock Pocahontas Pops Corky Shack John Gan Yeon Cpst Boots BY Martin Freckles BY Blosser Tag
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