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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 02, 1939
Page
20
U S and Pa Dept of Agriculture notes show produce demand steady with apples and potatoes near stability. Prices listed for New York Baldwins, Maine and Alabama Georgia sacks, and regional varieties along with butter and cheese constants.
Prices advanced in various textile sectors with gains in gray goods and burlap. Silk dress fabrics held steady while hosiery saw fair activity. rayon dealers reported strong rayon and crepe inquiries. mills expect delivery delays as raw silk values clarify. Wool trade showed a lull but buyers expected for fall demand.
Noted brokers and members at the Stock Exchange and principal exchanges include Rurvered Abbott Proctor Paine and partners with offices in Raleigh and partnership details for 1800 era operations.
New York poultry prices and classifications listed for June 1 show demand steady with 60 483 eyes. Mixed colors range from fancy to standards and seconds with percentages noted for each grade. Duck eggs and Pacific cone whites appear with varied price points across jumbo premium and special lines.
Baltimore June 1 AP cattle prices show steers steady to soft while heifers and cows hold. Calves steady with good vealers 9.00 to 50, hogs steady with 140 to 210 lb ranges at 6.85 to 7.25, sows around 5.25, sheep and lambs mixed with throwouts 7.50 to 10.96 and ewes at 2.75.
Salable hogs 11 000, slow and uneven bidding with cuts to 10 15 off. top 90 and good 350 500 lb hogs. Cattle 5 000 salable, calves 1 200, fed steers and yearlings slow but steady with most at 8 75 10 25. light steers as high as 11 50. Sheep 6 000, fed lambs strong to 15 higher. native springers steady. fat lambs 3 40 to 3 50.
United States government issues moved up sharply in the bond market with gains across maturities, especially long terms. The federal closes showed gains up to 20 32nds of a point after the Treasury announced June financing plans involved no new issues.
Wall Street traders faced a volatile session with selling in puts leading to overall declines while some major losses were trimmed. Investors watched key indices move, with tech and financials showing uneven trends amid shifting sentiment.
AP report from New York on June 1 notes mixed movements in commodities and livestock. Steels and motors show uneven gains while cattle and corn hold near steady, hogs fall up to 15 points, and government actions add upward pressure on some sectors.
In New York June 1 the market showed gradual declines with several small gains in some issues, while many fractions closed down more than two points. The Dow averaged around 47 after a .7 point drop as brokers remained cautious amid tax revision prospects and potential fiscal activity. Wall Street sentiment stayed cautiously optimistic despite the setback.
Cooler weather and showers across the U S grain belt prompt selling in wheat and oats while rye and lard also fall. Official crop reports show some improvement in conditions in parts of the belt, even as volumes remain light and prices drift lower amid mixed signals from Los Angeles budget notes and recent transactions.
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