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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 03, 1948
Page
2
Oil issues remained favored as the market opened in New York on June 2. While most stocks moved slowly, several oils hit new yearly highs with gains near two points. Overall turnover eased to 1,280,000 shares from 1,300,000 Tuesday, with modest improvements noted in a few blue chips including Standard Oil and Celanese.
A description of persistent sluggishness and low energy, noting no infection or disease present yet a run-down condition. The text blurbs discuss weak weight, poor color, and general malaise affecting daily function.
U S Government bonds failed to materialize to meet higher reserve requirements. Only 100 26 32, down 1 32, of the June 1967 72 issue appeared on the stock exchange tape at 100 26 32. Outside market quotes were unchanged to down 2 32. Total sales reached 3 570 000 versus 3 472 000 the prior day.
USDA Chicago report shows salable hogs 13 000 with sows up to 24.75 and lighter weights near 24.00 24.75. cattle calves and sheep prices listed with steers 33.50 35.25 per cwt and yearlings 35.60. beef cows 20.00 24.50. vealers 31.00. lambs 25.75 26.25 No. 1 pelts 26.00. overall market slow with varied weights and classes.
Lila Ann Ayers three months old, born in February to Mr and Mrs Grover Ayers of Sandstone, weighed six pounds three ounces at discharge from a Hinton hospital. The infant, long kept in an incubator, survived against early doubts, with strong credit due to Nurse June Willey who specializes in care of underdeveloped infants.
Chicago grain traders raised prices several cents on dry weather fears despite no current damage to crops. Cash grain values showed mixed results with No. 2 yellow corn at 2.38 1 2 to 39, various oats and soybeans unlisted or nominal, and tentative soy values noted.
New York wholesale egg and butter markets show steady tonnage and firm butter totals. Spot egg quotes ranged with fancy heavyweights at 57-58, others 53-56, mediums 52-53, browns 53-66 and 51-52, while butter wholesale volumes reached 2,002,145 with creamery prices stronger for higher quality grades.
Charleston June 2 The health department reported 74 new measles cases in West Virginia for the week ended May 29, up from 68 the prior week and versus 13 in the same week last year.
Washington reports 3169 marchers join a protest against the Mundt Nixon anti communist bill. Paul Robeson led the march in front of the White House while signs urged passage of anti-lynching FEPC and anti poll tax measures. Protesters from New York and beyond gathered to urge civil rights legislation and oppose a foreign controlled dictatorship ban on communists.
James Nickolson of Suffolk reportedly killed his four year old son and wounded his wife Frances five year old daughter and six year old son before slashing his own throat. He remained near death at a local hospital. Neighbors cited domestic troubles and authorities said murder charges could follow if he recovers. The incident occurred about 7:45 a m at Collo den street home.
Washington reports reveal Army readiness plans under a selective service bill, aiming to induct 30,000 monthly and reach 790,000 total by March 1949, with 8.5 million tons of ammunition and 2.5 million M1 rifles on hand. Budget notes include $70,000 for rubber erasers as part of the Army Air Force bill, while officials discuss profanity, uniforms, and a shift to blue dress for social occasions.
West Virginia prices received by farmers fell about one and a half percent for the month ended May 15, with price declines across grains and dairy. Prices paid for feed rose slightly, and beef cattle and veal rose while hogs and sheep fell. chickens and eggs advanced modestly.
Wheeling, June 2. The Ohio Valley Board of Trade heard a warning that natural gas may be in shorter supply next winter than ever before. Carl Guskey, chairman of the gas shortage committee, cited information from a Natural Gas Company of West Virginia rep. He warned some plants may close if oil costs keep rising as a gas substitute. Thousands were idled last winter due to a 100 percent curtailment for industrial use at peak cold weather.
A large turnout is anticipated for the Kiwanis education committee luncheon of the Bluefield club today at 12 15 at the Greyhound bus terminal restaurant. Tom Scott, chairman, will preside. Attendance of new members is especially urged.
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