Markets gain as stocks rally amid hopes for tax bill action
New York traders closed a brighter day as stocks rose from early losses with the net advance averaging about two points. Bonds also firmed after cautious gains, led by American Tobacco and United States Steel while American Telephone fell on liquidity concerns. Trading volume totaled 1,865,661 shares amid mixed reflections on foreign gold flows and inflation risks.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Cour
Young Committee
United States Steel
American Can
Can
Steel
American Telephone
Tabaccas
American Tobacco
Raila
Sov
Europe
Bond Market Rebounds With Broad Rally in New York
After an initial sell off, bonds rose strongly with many leading issues up 1 to 6 points. Turnover reached 13,962,000 face value as railroad and utility bonds led the gains amid optimism over a potential early accord on the revenue bill and a possible bank buying surge.
MENTIONED IN THIS ARTICLE
New York
Railroad
Smoot
Washington
Wall Street
Treasury receipts and outlays reported for May
Treasury figures show May 31 receipts of 5 177 278.68 dollars and expenditures of 14 169 472.13 dollars leaving a balance of 383 877 524.74 dollars. Customs duties for May totaled 15 008 525.27 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Curb Market Extends Rally Amid Heavy Trading
New York June 2 curb market closed with a rally that held, amid significant morning liquidation and active turnover near 260000 shares. Utilities posted fresh gains as trading momentum persisted through the day.
MENTIONED IN THIS ARTICLE
New York
Investment notes from Cities' Service and Appalachian Power
C B Hancock Investments reports preferred stock values at market for Cities' Service and Appalachian Electric Power Company. June closing shows $6 and $7 preferred at market, Cities Service common at market.
MENTIONED IN THIS ARTICLE
Appalachianectric Power Company
New York Stock Exchange Quotes Highlight Bryan Kemp Firm
James E. Mann and Jack R. Younger manage and assist on the New York Stock Exchange and related exchanges. The firm Bryan Kemp and Company is listed among members and associates with offices in New York.
MENTIONED IN THIS ARTICLE
N. Y. Stock Exchange
Bryan, Kemp
and Company
Market Roundup Shows Mixed Moves Across Utilities Stocks
Morning trading centered on the electric power tax proposal with late gains in dealings. American Gas and Electric rose 2 percent after an initial lag to new lows, Consolidated Gas of Baltimore fell then recovered, Electric Bond and Share hit a new low at 5 before rebounding to 66, Olle finished with a firm tone.
MENTIONED IN THIS ARTICLE
American Gas and Electric
Consolidated Gas of
Baltimore
Olle
Wall Street Briefs Shift in Virginia Bonds and Dividends
A syndicate led by First and Merchants National Bank of Richmond and First National Old Colony Corp offers 2.44 million Virginia 4 percent bonds at 3 percent yield and 1 million 3 percent bonds at 3 percent yield. Chicago Burlington and Quincy trims semiannual dividend to 3 dollars from 3, first cut since 1895. Schulte Retail Stores omits quarterly preferred dividend of 2 dollars. last payment January 1932, March meeting postponed.
MENTIONED IN THIS ARTICLE
New York
First and Merchante National Bank of Richmond
First National Old Colony Corporation
Commonwealth of Virginia
Chicago, Burlington and Quincy Railroad Company
Schulte Retail Stores Corporation
Government Bonds Close Mixed With Routine Gains
United States government bonds ended steady with several issues showing modest gains and others edging lower. Liberty 3 1/2s and Treasury 4s trade near par as market activity remains subdued in New York on June 2.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Call Money Rates Steady in New York Market
Call money in New York on June 2 held at 2 percent all day. Time loans 60 to 90 days at 1 1/4 percent, 4 to 6 months at 1 percent. Prime commercial paper at 2 percent. Bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Foreign Exchange Rates Hinge On Global Currencies
New York June 2 The foreign exchange market remained firm with the pound at 3.68 dollars and 3.69 for cables. Rates listed include 60 day bills 3.674 percent and several European and Latin American currencies with varied demand and cable figures.
MENTIONED IN THIS ARTICLE
New York
Great Britain
Italy
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo Ae Shanghai
Montreal
Mexico City
Coffee market edges lower amid mixed demand in New York
In New York on June 2 the coffee market slid as local and foreign trade showed muted gains. World supply projections as of June 1 suggested higher visible stocks versus a month earlier. No 7 contracts opened 3 to 5 lower and closed 4 to 7 lower with 4 900 sales. Santos firm then closed mixed with 1,000 sales and July quotes at 6.53 for No 7 and 9.40 for Santos. Spot coffee quiet with Rio 7s 84 and Santos 1s 104 10 1/2.
MENTIONED IN THIS ARTICLE
New York
Santos
Rio
Butter Prices Steady in Chicago Market Report
Butter markets show steady tone in Chicago with quoted scores and percentages for bulk prices and cream sales. Centralized carrot product lines also appear with varied figures across several lots.
Sugar Market Steady Amid Light Trading In New York
Raw sugar held steady with modest activity noted in New York. Trades included 18,000 bags of Philippines to an import refiner at 2.58 and 28,000 bags of Porto Rican to an outport refiner for end June arrival at 2.62, with approximate sales around 15,200 tons.
MENTIONED IN THIS ARTICLE
New York
Philippines
Dry Goods Prices Steady Yet Rayon Makers Seek Stability
Cotton markets were quiet in both finished and unfinished lines in New York. Rayon manufacturers aim to steady prices, with sales remaining light. New lower prices are announced for men's wear worsteds as suppliers adjust to demand.
MENTIONED IN THIS ARTICLE
New York
Cincinnati Produce Market Steady in Early June
Cincinnati market report from June 2 notes beg market unchanged with prices steady and trading quiet. No major shifts in available goods or demand reported by local brokers.
Produce Prices and Demand Report From Pittsburgh
June 2 report from U S and Pa Departments of Agriculture shows slow demand for produce with steady apple and cabbage pricing. New York Baldwins sell at 1.15 per 25, Russels at 1.00 per 15. cabbage 18 cars about steady with 80 lb Texas crates at 2.00 and 60 lb sacks at 1.75 to 2.00. Mississippi 60 lb appears in listing.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
New York Baldwins
Texas
Market Price Snapshot Of Produce And Dairy Declines
Readable fragments show crate prices for onions potatoes and peppers, with regional notes from Maine Michigan Alabama Louisiana and Carolina markets. Butter prices listed with score percentages, eggs cheese and poultry noted as unchanged.
MENTIONED IN THIS ARTICLE
Maine
Michigan
Alabama Bliss
Bliss
Barrera
South Carolina
Toledo Grain Prices On Track In June Report
Toledo June 2 grain prices show wheat No. 2 red at 50 cents, No. 1 red 51, corn No. 2 yellow 27, No. 3 yellow 26 on a 28 percent $c rate basis. Date and seeds unchanged.
MENTIONED IN THIS ARTICLE
Toledo
Pittsburgh Livestock Market Report June 2
U S Dept of Agriculture notes Hoge under market data with varying weights for hogs cattle calves sheep and yearlings in Pittsburgh. Prices show steady to higher trends locally with ranges for hogs 130 to 350 pounds and cattle including steers heifers cows and calves listed alongside lambs and yearlings with price bands.
Wheat Markets Rally on North American Exports Lift
Chicago reports stronger grain values as Europe buys about 1,600,000 bushels of Canadian and U S wheat. Purchases at Argentina prices. New York notes bond stabilization may start immediately aiding market. Wheat closed higher with gains in corn and mixed to slight changes in other provisions.
MENTIONED IN THIS ARTICLE
Chicago
Jne
North America
Europe
United States
Argentina
New York
Dressed poultry prices mixed as live fowls hold steady
New York markets report quiet conditions for poultry on June 2. Dressed poultry prices show mixed results with ducks and fowls steady or irregular in freight and express movements. Quality grades and color varieties listed with percentage figures and small changes from prior listings.
MENTIONED IN THIS ARTICLE
New York
Fowls Express
Jersey City Livestock Market Report June 2
Jersey City livestock totals show 190 cattle and 620 vealers and calves with prices ranging from 2.50 to 7.00 per unit. Sheep and lambs total 7,800 with varied pricing across grades. hogs numbered 490 sold direct.
MENTIONED IN THIS ARTICLE
Jersey City
Baltimore Livestock Prices Reported for June 2
Cattle receipts 125 with steady to good demand. Good to choice cattle 6.00 to 6.50. medium to good 4.50 to 6.00. Bulls 3.75 to 4.25. Cows 3.25 to 4.00. heifers 5.00 to 5.25. Sheep and lambs 500 steady. lambs 6.75 to 7.25. sheep 1.00 to 3.00. Hogs 600 higher. lights 3.75 to 4.00. mediums 3.75 to 4.00. western hogs up 10 to 20. Calves 75 steady. good to choice 3.00 to 3.00.
MENTIONED IN THIS ARTICLE
Pitsburgh
U. S. Dept
Baltimore
Chicago Live Stock Market Report Dated June 2
Chicago livestock on June 2 shows hogs 21 009 head with 5 000 direct mostly ready top 3 55 per cwt, cattle 6 000 and calves 2 500 with active trade and strong fat cattle values, lambs scarce with prices 6 75 7 00 for good to choice.
Trade Trends: Coal, Metals, Rubber Markets Report
Bituminous coal production for the week ending May 28 totaled 4,230,000 tons versus 4,288,000 the prior week and 6,481,000 a year ago per the National Coal Association. Non-ferrous metals show little change with a steady undertone. Demand for finished metal products remains disappointing according to authorities. Rubber shipments follow a pattern after monthly declines.
MENTIONED IN THIS ARTICLE
Associated Press
The
National Coal Association
Rubber shipments rise in May amid New York exchange data
Huntieh Malaya produced 40,297 tons in May up from 36,670 in April while May totals also show 44,291 tons in May. Ceylon shipments reached 4,138 tons in May versus 3,048 in April and 4,535 in May 1931 according to the rubber exchange in New York.
MENTIONED IN THIS ARTICLE
Huntieh Malaya
Rubber Exchange of
New York
Ceylon
Hack Wilson Puts On Show For Fans
The article describes Hack Wilson entertaining fans with a display at a baseball game. In the ninth inning batsmen staged a sequence, with Seibold Spohren Vance Quinn and Pienich contributing as Brooklyn held a late rally after a scoreless start.
MENTIONED IN THIS ARTICLE
Hack Wilson
Roston
Brooklyn
Seibold
Spohren
Vance
Quinn
Pienich
Lefty Extends Sixth Straight Victory Streak
Lefty adds a sixth consecutive win, continuing a dominant stretch. The victory reinforces a top form run, boosting standings and confidence for upcoming matches.
MENTIONED IN THIS ARTICLE
Lefty
Cubs Take Opening Win in Pittsburgh Series
The Chicago Cubs defeated the Pittsburgh Pirates in the first game of a three game set on June 2 as Spencer delivered a strong hitting performance to lead the Cubs past the Pirates.
MENTIONED IN THIS ARTICLE
Pittsburgh
Spencer
Chicago Cubs
Pirates
Mrs. John R. Turner Injured in Auto Mishap
In Winchester Virginia on June 2 Mrs. John R. Turner wife of the president of West Virginia University Morgantown West Virginia sustained a fractured arm and minor injuries when her car struck a pole and overturned after being stung between the eyes by a bee. She was alone en route to meet her daughter Betty Turner who had just finished school in Washington.
MENTIONED IN THIS ARTICLE
Winchester
John R. Turner
West Virginia University
Morgantown
W. Va
Here
St. Louis Beats White Sox 4–2 as Al Thomas Prominent
In Chicago on June 2 the Cardinals battered White Sox pitcher Coffman for ten hits and scored all their runs in the third inning to defeat Chicago 4 to 2. St. Louis got two doubles three singles and a base on balls from Al Thomas and Burns Ferrell and Melillo contributed in the opener of the series.
MENTIONED IN THIS ARTICLE
Lehute
Burns
Melillo
Coffman
Chicago
Funk
Hayer
Anne
uesRothrock
Odapp
Essesseveeeves Greaecy
Faber i St. A
Birnia
Ferrel
Foberg
Buss
Taft
Thomas Cressy
Alte-Thomas
Gregory
Faber
Coffman Isise
Lavey
Loring Picher
Thom
St. Louis
al Thomas
White Sox
Burns Ferrell
Wyoming County Boy Wins State Contest
Noel Cook of Tonega Fork Wyoming County was named West Virginia winner of the ovation contest by the Washington Bicentennial commission. A West Virginia University student, he traveled through Bluefield en route to Radford Virginia for a sectional contest with champions from Virginia, West Virginia, District of Columbia, Tennessee and Kentucky. Cook is son of Mr and Mrs Thomas Scott College avenue.
MENTIONED IN THIS ARTICLE
Noel Cook
Tonega Fork
Wyoming County
West Virginia
Washington Bicentennial Commission
Young Cook
West Virginia University
Bluefield
Fast Radford
East Radford
Thomas Scott College
West Virginia University Law Alumni Meet Set in Morgantown
A West Virginia University Law Alumni Association meeting is scheduled for Monday, June 6 in Morgantown. Secretary treasurer Melville Stewart of Charleston announced the event. Officers include HH G. Young of Charleston as president and Bernard McClaugherty of Bluefield with R. M. Hiner of Franklin as vice presidents.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
West Virginia University Law Alumni Association
Morgantown
Melville Stewart
HH. G. Young
Bernard McClaugherty
Bluefield
R. M. Hiner
Franklin
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Standard Statistica Co
R.R. Vet
Adama Express
Eastman Kodak
Senwe
Packard Motora
Alaska Juneau Gold
Paramount
Penick and Ford
Alleghany Corpn
Federal Water Service
Penney
J. C
Allied Chemical
Foster Er
Allis Chal O
Fox Film A
Msconte’ Phi Spa
Hee
Freeport Texas
Pillsbury Tous Proctor and Gamble
Public Service N. J
General Motors
Gillette Safety
Republic
Great Northern
Reynolds
American Water Works
Anacon
Tenon Goodyear Tire
Royal Wit Eens
Icawstererees Hershey Choc
St. Joseph
Bsom
Atlas Owoot
Lilinois Central
Southern Pacific Standard
Standard Gas
Eves S
Bendix Aviation
Johns Manvilil Uy
Standard Oi
Cal . Se
Best and Co. Keminator
Standard Oil Neee
Bethlehem Steel
Kennecott Copper
Ace Warner
Mand Co
Kroger Groc
Webster
Oo Lambert Co
Lehn
Finkereuee
Stadebaker
Union Gas
Cerro de Po Coenee
Lou
Ges
Elec Core
Union Carbide
Sseus
United Carbon
Ste Cc. B. I
Pac
Magma Copper
Aly United Corpn
Mathieson Alkaiin
Sty
United Gas Ty
Mexican Seaboard
Montgomery US
Mullens Mfg
Nash Motors
Biscuit Eseves
Warner Pictures
Dairy
Warner Bros
Nat. Distillers E Sence Ify Wesson
Western Union
Norfolk and Western
Central
Westinghouse
Curtiss“als Nort
Fructson
Otis
Standard Statietics Co
Omnes
C. B. Hancock Investments
New York Stock Exchange
New York Curb Exchange
James E. Mann
West Virginian Hotel
Bluefield, W. VA
New York Cotton Exchange
Chicago Board of Trade
Richmond Stock Exchange
Jack R. Younger
Wall Street Briefs
Cincinnati Produce
Cincinnati
Pittsburgh Livestock
Chicago Grain
NEW York Poultry
Jersey City Livestock
Baltimore Livestock
Chicago Livestock
Boston
Maranville
Ob Urbanski
Ee Worthington
Ay Taach
Shires
Ib Akersen
Hargrave
C Brown
Pwe
Frederick
Finn
Freese Ves
Wilson
Eewee Cueetnelio
Soeeene Sade
Balle
Mungo
Heimach
Brown
Hitr
Muin
Helmach
Wind Pie
Ee Rigier
Barr
Red Sox
Sam West
Innin Washington
Weaver
Marberry
Berg
Spenser
Mar ¥ Fayden
Tate
Myer
Manush
If Lee
West
Marr
Reynolds Cronin
Tree
Kuiel
Bluege
Burke
van Camp
Shoring
Wee Iver
Connolly
Durham
Ween Moore
McManus Michaels
P Totaia
Asc
Washington Tree
Beaton
Tyne
Ronin
Gudes
Teynolde
Alteynolds
Nush
Cronin
Jud Cronin
Kuhel
Latton i
Mackington
Valtee
Michael S
Moore
OM Moore
Michaels
Lostecher
Naliin
Ushrie
CUBS
Charley Root
Waner Brothers
Richbourn
Herman
Enailsh
Stephenson
Grham
ID Cree ” Hemsley
Css
Jurgesson
Root
Waner
P. Waner
Ween
Vaughan
Grace
Badden
Diesenon
Brame
Wee
Chagnon
Ween Weer
Pittsbur
Nerman
Jurges
Grimm
Neer
Hite
Branie
Oenenen
Tcher
Spe
Pfirman
Lem
Stark
Browns Hammer Thomas
Wyoming
O. Alexander
Harry Bowen
James Linwood Jones
Arthur J. MacBride
Rh. L. Wallace
H. M. Hawthorne
Pocahontas Fuel Company
ONE Broadway
Pocahontas Coalfields
Tidewater
Great Lakes
Advi
C . Orichmat
Pecanantas
Atlantic Coast
Lambert's Point
Sewall's Point
Norfolk and
Newport News
New Bedford
Mass
Salem, Mass
Mystic Wharf
Portland, Maine
Sandusky
Toledo, Ohio
Maeson, Mass
New Gedford
Norfolk, Va
Bluefield, W. Ve
Cincinnati, Ohio
Chicago, Md
Detroit, Mich
MONEY
Isavon &Co., Ltd
Lime Street Square
London
Eet Coal Trading Association
Notterdam
Preverick Gundersen
Bergen
Pinto Basto & CO
Idsbon
Fisnay Cow & Clenics
Lomellini
Genoa
Arthur Belldin
Drottninggatan
Stockholm
Aktiebolaget Bergbrun
Gotherburg
Squint
MR. Prigmire
Pleesta
Ming
Priggy
BY Sidney Smith
Andy
WWE
Hesterday
TOM Carr Consolidated Stock
M. Banker
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