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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 03, 1927
Page
15
New York June 2 Opposing speculative forces battled for price direction as total stock sales reached 2 7 million in the largest volume in months. The market's main trend stayed upward with General Motors leading gains to near a record, while railroad stocks and steels posted new highs and mixed closes.
Bonds moved slightly downward with Erie D 4s gaining about three points as over 82 million par value traded at 115% closing. Railway issues softened, Chesapeake Corporations seen in fair demand at modestly higher prices. Public utility issues held up on strong earnings reports while U S government issues eased with moderate supply.
U S government bonds closed with Liberty 3s at 100.51 first 4s bid at 101 second 4s at 100.6 first 4 8s at 103.5 second 4 4s at 100.12 Third 4s at 101 Fourth 4s 103.30 Treasury 3s 105.31 Treasury 46 108.28 Treasury 44s 115.50.
Centralized car market shows weak trade with slow activity. Scores cited include 92 at 4 percent and 90 at 40 percent amid mixed figures. Centrals reflect 90 score at 40 percent and 89 at 37 percent as values trend downward with uncertain demand.
Schedule notes eastbound and westbound trains from Bluefield effective April 3 1927. Eastbound includes 8:40 a.m. limited to Norfolk, 6:46 a.m. to Petersburg and intermediates, 1:25 p.m. to Lynchburg, 6:68 p.m. local to Roanoke, and 8:50 p.m. limited to Norfolk. Westbound lists 6:20 a.m. local to Williamson, 8:20 a.m. to Cincinnati Columbus and intermediates, 1:25 p.m. local to Williamson, 3:45 p.m. to Columbus and Cincinnati limited, and 8:50 a.m. and 1:55 p.m. to Norton and intermediates. For details contact W. J. Wiley, Ticket Agent.
The article lists stocks and coal properties including C B Hancock Bluefield West Virginia First Weres Bank Building, Blackwood Lumber Co, Craddock Terry Co, Killarney Coal Co, Puritan Coal, Raven Red Ash Coal, Pocahontas Coal Co, M Ritter Lumber Co, and Union Mortgage Co with prices shown such as 137.50 130.00 95.00. The names indicate multiple companies involved in coal and lumber sectors with reported values.
New York call money market reports mixed collateral loans 60 90 days with 4 percent closing bids and firms at four percent. Time loans show varied terms including 4 4 percent and 4 6 paper months with prime mercantile activity.
New York June 2 foreign exchanges report lists bids and asks in cents for major currencies and nations. Rates shown include Great Britain at 4.85 percent, France 3.91, Italy 34.59 and 5.59 for cables, with numerous country demands such as Belgium 13.88 and Germany 25.68 and others. Also notes Tokyo 46.12 and Shanghai 63.62 with Montreal 100.01 9-16.
New York June 2 live poultry steady. Broilers by express 1x 45, fowls by freight and by express 21 26. Dressed poultry irregular. Chickens frozen 20 37.
Todeio O. reports grain prices for June 2 including Wheat No 2 red at 147 148, Corn No 4 yellow at 1.06 1.07, Oats No 3 white 56 57, Rye No 2 1.18, Clover cash imported 13.50 Oct 16.65 Dec domestic 16.65, timothy cash 2.50 new 2.60.
June 2 market report shows narrow prints advanced a yard and standard seeds withdrawn. Bleached flannels up a cent, with other sheetings and gray cloths for converting also advanced. Silk remains weak and irregular in local markets. Burlaps quiet, dress goods quiet, and men's wear bought in small filling quantities.
Flour market report from New York dated June 2 notes regular trading conditions. Prices remain steady as mills assess demand and supply.
In Chicago on June 24, corn held a large share of gains as investors sold to take profits. Persistent wet weather delaying planting and reducing acres seems to dominate the corn market. Closing quotes show corn up 17 to 1 percent, wheat down 2 percent, oats unchanged.
All persons owing Avenue Pressing Club please call at 1154 South Bland Street to settle accounts on the 15th and 1st until paid. Tiny Allen, Sonecatrix, asks party who found a diamond ring in the wash room at Laird's to return it at once. no prosecution if returned promptly. Orton Laird to office.
Default on debt secured by deed of trust dated May 12 1926 triggers sale of multiple tracts in Mercer County West Virginia. Bidder to pay cash. Sale at 10 99 A M June 30 1927 at the front door of the Law and Commerce Building in Bluefield WV.
A fragmentary note mentions seven to lie advance and related provisions. Details are unclear but indicate a staged update or instruction list. No clear names, dates, or locations are readable.
Cattle receipts reach 10 000 with fed steers yearlings and butcher stock firm to up 25 cents. best steers 13 25 and yearlings 12 25 with heavy weight scarce. Bulls steady. grass cows around 7 50 and vealers uneven with top 11 50 to 12 50. Hogs receipts 28 000 active, 10 to 15 cents higher on most items. top hogs 9 65, bulk better grades 150 pounds and up higher with packing sows advancing.
The report details prices for various weight classes of verace and butchers, with ranges from 9.00 to 9.60 for lighter weights and 7.90 to 8.25 for ing sows. Shippers moved 3,500 animals, total estimations show over 8,000. Sheep receipts reach 11,000 with fat lambs uneven yet higher, California lambs trading around 16.00 to 16.50 and medium Californias near 15.00. Heavy ewes range 4.50 to 5.50, with overall draggy sheep market and weak to lower tone.
Trustee J H Wysor to sell at public auction June 17 1927 at Princeton WV a parcel on Wide Mouth Creek near Matoaka Mercer County described as Lot 14 with approx 11960 square feet. Sale cash. Notice dated May 11 1927.
Notice to creditors of H W Whiteman deceased on or before June 12 1997 to present claims to H M Tanner commissioner. Also sheriff sale June 13 1927 at Mercer County Courthouse for a Ford Coupe seized in arrest of William Derrick used to transport Lee, per West Virginia code with 1922 acts.
A brief livestock note indicates feeding for a flock of lightweight ewes at 650 units remains unchanged, with best outcomes held above previous levels. No further context on herd size or market conditions is provided in the readable text.
Raw sugar prices gained 1 52 of a cent with steady futures. Trade for June delivery totalled 30 000 Mor to Rican and 21 000 Philippines bags, plus 25 000 Cuban and 24 000 Cuban for early June. Continuous reflects May Fair demand with refined sugar unchanged.
Real estate transfers filed yesterday in Mercer county court clerk's office include W C Netkirk and wife to Dock Bagley et al for lot 6 section 470 Blue Field value 6100 dollars Philip Chokas to H T Armstead for lot 1 section 45 Bluefield value 450 dollars Wille D Wright and husband to W H Easter for lot 11 Hearn avenue Princeton value 759 dollars
The Read ing has ordered 1,000 seventy ton fondolas allocated evenly among groups for naval use. The order, issued in New York on June 2, reflects wartime expansion and standardization of transport ships across the fleet.
The stockholders meeting in Bluefield West Virginia on June 2 1927 resolved to dissolve Federal Street Realty Company after debts are paid and assets divided among shareholders. The secretary treasurer Russell S Ritz will certify the dissolution to the Secretary of State and publish the notice for four weeks in the Bluefield Daily Telegraph.
A petition to abandon a 20 foot wide alley between Scott and Yadkine Streets is set for Board of Directors consideration on June 11, 1937 at 2:00 PM in the City Hall. The measure preserves City rights to sewer and water work and allows city entry for construction or repairs.
Bethlehem Steel and Standard Steel Car Co announce a 40 percent dividend plan approved by U S Steel stockholders. Fractional shares will be paid in cash at the closing New York Stock Exchange price on June 1, or 125 percent a share. Details on payment arrangements follow.
On Monday evening June 6 at 8 o'clock the colored adult night school at Mount Zion Baptist Church on Peck Street near Mercer Street will present its closing program. Wade, superintendent of schools, and Hon. P D Milton Rassey, chair of the school board, will speak. The district shows discretionary use of evening schools for adults, a point highlighted by the Beaver Pond district board.
Rev. W. H. Pleasants, veteran minister of the East Tennessee conference, Methodist Episcopal church, Bluefield Va, died at his home at 2 10 am yesterday. His funeral will be held Saturday at 2 pm from Bethel M E church, Bluefield Va. Admission to closing exercises was free to all races.
The National Coal Association estimates the week ending May 28 produced 8,460,000 net tons, with government figures for May 14 at 8,492,000 and May 2 at 8,273,000 net tons. Early week gains faded as the rest of the days showed no marked rise over recent weeks.
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