Striking Recovery in Grain Prices Signals Covering in Stocks
A strong grain market rally prompted renewed activity in farm implement and mail order issues, lifting overall stock trading though call money tightened. The New York Stock Exchange reported May 31 member borrowings at 6.665 billion dollars, down from April 30, as earnings and May sales reports buoyed sentiment. Montgomery Ward and Sears Roebuck posted May gains, with several industrials like General Electric and Allied Chemical advancing while some utilities saw profit taking.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Montgomery Ward
Sears-Roebuck
Case
International Harvester
Advance Rumnely
Burrough
Philadelphia Company
Commonwealth Power
Westvaco Chlorine
Chicago
Chrysler
Park & Tilford
Shubert Theater
Bond Market Rallies on Reparations Hopes Across Lists
The New York bond market gains led by foreign issues as reparations settlements boost demand. German bonds rise with French Republic 7%8 advancing about half a point, while industrials and utilities show renewed life. American Telephone convertible 4% climbs about 1% on over $1 million turnover.
MENTIONED IN THIS ARTICLE
New York
French Republic
Call Money Market Update New York June 3
4-Call money rmer notes high 7 low 6 with ruling rate 6 and closing bid 7. Time loans easier with mixed collateral 60-90 days at 8 percent and four-ix months at 8 percent. Prime mercantile paper at 6 percent. Bankers acceptances quoted 20, 60 and 90 days at 5 percent and four-six months at 5 percent.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Government Bonds in New York Closed Prices
United States government bonds closed with Liberty 3s at 96.9, First 4s at 98.20, Fourth 4s at 98.20, Treasury 445 at 106.8, Treasury 4s at 103.5, Treasury 3 8 at 100.7, and Treasury 3 5 at 96.6.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Foreign exchange rates weaken in New York
On June 3 in New York foreign exchanges showed weakness with quotes in cents. Major pairs include Great Britain at 4.84% and cables 4.8415/16, France at 3.90% and cables 2.907%, Italy 56.23% demand and 6.23% cables, plus numerous other country rates such as Belgium 13.87% and Norway 26.62%.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Butter Markets Hold Steady in Chicago Trade
In Chicago on June 3 butter prices remained steady with ample supplies for light demand. Commodity quotes included various scoring metrics such as Fresh 93 score and several percentage based indicators, reflecting a quiet market.
MENTIONED IN THIS ARTICLE
Chicago
Raw sugar market edges lower amid plentiful offers
New York sugar markets were quiet with no sales reported as firm spot supplies and London's easy ruling renew selling pressure in raw futures. July to May futures closed mixed with a three to four point decline. approximate sales totaled 66,000 tons. refined refined sugar held at 5.00 per hundredweight.
MENTIONED IN THIS ARTICLE
New York
London
Poultry Prices and Eggs Report from New York Market
New York market notes show dressed poultry prices with fresh chickens 39 to 50 cents, fowls 10 to 38 cents, turkeys 25 to 45 cents. Live broilers 34 94 per freight, eggs receipts 36 004 crates with various grade prices for firsts and seconds. nearby hennery whites and browns feature premiums up to 40 cents.
MENTIONED IN THIS ARTICLE
New York
Freight
Express
Hennery
Pacific Coast
Bid results and market notes from multiple companies
The report lists bids and current market statuses for several firms including American Coal Co, Ark Natural Gas, Blackwood Co, Cities Service Co, Community Loan, Lumber Co, Sterling Hardware, and West Virginia Armature. Prices shown include 120.00 for American Coal and 190.96 for Community Loan, with several entries at At Market and various small figures across entities. The snippet reflects a trading board style summary of bids and market actions for these companies.
MENTIONED IN THIS ARTICLE
American Coal Co
Ark. Natural Gas. Com
Blackwood
Cities
Market Community Loan van Lumber Co
Sterling Hardware
M. Ree
Produce Prices and Markets Report from Pittsburgh
June 3 report from U S Department of Agriculture shows steady to dull movement across produce and animal products. Cabbage steady at 1.75 to 2.00 per 100 lb crate. onions dull with Texas yellows 1.25 to 2.00 per bushel. potatoes about steady with Michigan and Maine stock cited. butter values around 1.50 to 4.50 per pound. feeds and poultry prices listed for local and western markets.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S. Department of Agriculture
Mississippi
Virginia
Texas
Michigan
Green Mountains
South Carolina
North Carolina
Fokker Aircraft reports first quarter earnings and orders
The Fokker Aircraft Corporation of America posted earnings of 159,984 or 23 cents per common share for the quarter ended March 31. It shows a six month net loss of 46,388 from last year and unfilled orders of 2,983,374 with negotiations nearing 3,000,000 in new orders. General Motors has acquired 40 percent stock interest in the company.
MENTIONED IN THIS ARTICLE
New York
Fokker Aircraft Corporation of America
Giren
General Motors
Dry goods market steady in New York week start
Cotton gray goods opened the week firm with better inquiry for fine goods. Burlap markets were quiet. Japan laws weaker. New York spot raw silk fell five cents but new crop silk held steady as the market remained quiet.
MENTIONED IN THIS ARTICLE
New York
Japan
Cattle Receipts Reported for Baltimore Market
Baltimore stockyards report June 3 show 200 cattle receipts with steer purchases reaching 15.000 in value. The brief notes highlight demand and pricing for choice grade steers.
MENTIONED IN THIS ARTICLE
Baltimore
Market Prices and Receipts From Local Livestock Sale
Receipts show cattle and hog bids by grade with heifers bulls and cows priced. Sheep and lambs reported with spring lamb values and hogs varying from lights to heavies. Calves and miscellaneous items list at multiple bid ranges across condition grades.
Wheat Prices Soar on Rumor of Federal Surplus Purchase
Chicago reports that a promised 100 million dollars in federal funds for surplus wheat purchases sent grain futures sharply higher. Wheat jumped about 9 cents a bushel and ended roughly 5% to 6% higher, with rye corn and oats also rising. Provisions held steady to a small rise.
MENTIONED IN THIS ARTICLE
Chicago
Toledo Grain Prices Report June 3
Wheat No 1 red 1.19 to 1.20. Corn No 3 yellow 89 to 90. Oats No 2 white 47 to 48. Barley No 2 61 to 62. Rye No 2 1.01. Cloverseed cash domestic old 16.00 new 13.25. cash imported old 12.76 new 13.25. Timothy cash old and new 2.90.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Chicago Livestock Hogs Rise Amid Strong Demand
Chicago June 3 hogs totaling about 45,000 with 20,000 direct to markets rising about 10 cents from Friday. Top price 11.10 for 170 to 210 pound loads. Shippers moved around 8,000 hogs. estimated holdover near 6,000. Butchers’ hog weights 200 to 300 pounds quoted around 10.40 to 11.10 with various subweights.
MENTIONED IN THIS ARTICLE
Chicago
of Agriculture
Mixed Livestock Prices and Receipts Ledger Update
Cattle and livestock prices listed for fed steers yearlings cows and calves with receipts around 17 000 cattle and 3 000 calves. Slaughter classes show varied weights 950 to 1500 pounds with price ranges from 11.00 to 15.25 per hundredweight. Beef bulls and heifers noted with top yearling prices around 15.20.
Live Stock Quotations: Cattle Sheep Prices and Lambs
Cutter to medium seven and three quarters to ten and a quarter. Wealers milk fed good and choice eleven dollars to fourteen thirty. Medium nine fifty to eleven. Cull and common seven to nine fifty. Stockers and feeder steers good and choice twelve twenty five to thirteen twenty five. Common and medium nine seventy five to twelve twenty five. Sheep receipts twelve thousand. Moderately active mostly steady with fifty cent higher trend. Lambs good and choice ninety two pounds down fifteen twenty five to sixteen fifty. Medium fourteen twenty five to fifteen twenty five. Ewes medium to choice one hundred fifty pounds down six to seven dollars. Cull and common two fifty to five seventy five.
MENTIONED IN THIS ARTICLE
California
Pittsburgh Livestock Prices Reported for June 3
Hog receipts 4500 with steady to 6 cents lower. Medium to choice hogs 11.35 to 11.60, packing sow prices 9.50 to 10.00. Cattle receipts 800 with gains up to 25 cents. steers and heifers showing higher quotes, calves around 60 cents higher due to milk-fed demand. Sheep receipts 1500 with losses and steady ranges. spring lambs introduced and quoted separately from older stock. Note announces lambs to be quoted as lambs starting today.
MENTIONED IN THIS ARTICLE
Pittsburgh
West Virginia University Alumni Elect Officers
Morgantown WV June 3. J Williams Cummins of Wheeling elected president to succeed R F E Talbott of Philippi. J B Bush of Charleston named vice president and Robert Hennen Morgantown treasurer. F Roy Yoke named full time alumni secretary. Plans discussed for a stronger financial system and a meeting of stockholders of the Alumni Student Loan Association.
MENTIONED IN THIS ARTICLE
Morgantown
W. Va
J. Williams Cummins
Wheeling
House of Delegates
R. F E. Talbott
Philipp
West Virginia University Alumni Association
J. B. Bush
Charleston
Robert Hennen
F. Roy Yoke
Alumni Student Loan Aa
Navy midshipman leads scholarship as season unfolds
Midshipman John B. Webster of San Diego California has led the class in scholarship every year since entering the academy at the United States Naval Academy located in Anu colls. This marks him as a standout scholar among the S8 2 inchers this year at the academy.
MENTIONED IN THIS ARTICLE
Anu
John B. Webster
San Diego
Calif
Tie Clas
Commemorative Commencement Plans Highlight University
The association for election of directors and loan committee was authorized. The class of 1879 is honored on its fiftieth anniversary. Dr H S Wade of Morgantown was the lone survivor present. The secretary reports addressing 25 000 people in the state and nearby territory. Cummins accepts the presidency pledging support for local university interests. The sixty second annual commencement will be held Tuesday morning with Governor William G Conley delivering the address. A class of 476 will receive degrees.
MENTIONED IN THIS ARTICLE
H.S. Wade
Morgantown
Cummina
John Roscoe Turner
William G. Conley
Nancy Hill Hill of Bramwell Dies at 77
Mrs. Nancy Ellen Hill widow of Felix Hill died at 11 p m Sunday at her Bramwell home after years of illness. She was 77 and active in Coopers Methodist church before her health declined. Survived by children A D Rice Princeton Leesie Nora Hill Lee J J F and W M Hill Bramwell J W Hill Roanoke and siblings Mrs Lee Baker Seattle Mrs Amanda Baker Huntington J A Dixon Grant Va and J M Dixon Anderson Calif. Funeral at Bramwell Hill home at 2 pm with family burial nearby.
MENTIONED IN THIS ARTICLE
Nancy Ellen Hill
Felix Hill
Bramwell
Hill
Coopers
J. A. Dixon
Grant, Va
J. M. Dixon
Anderson Calif
R Bramwell Hill
Ome
Inquest Planned Into Fatal Wheeling Shootings
Wheeling West Virginia reports an inquest will be held Friday into the fatal shooting of two Black men, Lee White and Jesse Williams, by Wheeling police. Detained is Ralph Parker of Swissvale charged with highway robbery. a fourth gang member escaped. Patrolman Otis Galentine was wounded.
MENTIONED IN THIS ARTICLE
Wheeling
W. Va
Lee White
Jesse Williams
Detroit
Ralph Parker
Swissvale
Otis Galentine
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Stoges
Norfolk and Western
The
Associated Press
By Claude A. Jagger
Allied Chem & Dyo
Amer C
Amer Inter
Amer
Ain Atchison Seers
Atlantic
Col
Hudson Motor
Inter
Inter Nickel
Inter Tel & Tel
Kolster
Marland Ou
North Pacific
Pan Pac
Uy Penn
Phil Petro
Pitts Coal
Radio Corp
Owen
Reading
Reynolds
Sears Roebuck
Reneener
Shell
Cesveee Sima Petro
Texas Corp . Eeenee
Warner Bros +eeee
Weert Marviend
Weetingthwe Afr
Woolworth
Wright
Hes
Moses Hyman
First National Bank
Welch, W. VA
Pocahontas Fuel
Premier
Pocahontas Collieries
Turkey Gap Coal
Pocahontas Welch Armature
Wascott Cor
Northfork Finance
Stering “Uardware
S. Steel
Bluefield Market
Investments
Bluefield
West Virginia
Pythern
Omon
Buster
England
Rufus Hoople
uJow
Wall Street Briefs
Baltimore Livestock
Chicago Grain
Toledo Grain
Chicago Livestock
BY Sidney Smite
Pittsburgh Livestock
Miro
Nancy Hill
Isaac T. Mann
James Ellwood Jones
L. Alexander
Arthur J. MaccPride
Ik. L. Wallace
It. R. Hawthorne
Pocahontas Fuel Company
ONE Broadway
Pocahontas” Coal Nos. U &. Pat. Or
Pocahontas
Tidewater
Great Lakes
United
Staca
Higmal Focamos
Atantic Coast
Lambert's Point
Sewall's Point
Norfolk and
Newport News
Wes Teadew
New Bedford
Ton
Mass
Portland
Maine
Salem
Mystic Wharf
Bos
Sandusky
Boston, Meass
New Bedf Mars
Portland, Maine
Norfolk, Va
W Va
Cincinnetl
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Sorve Inc
Jiggs
Maggie
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