Market Dips as Steel Declines Lead Broad Slump
Reports of reduced steel operations push stocks lower with leading issues down 1 to 3 points and several specialties slipping more. United States Steel marks a notable drop amid lower production, while the money market shows easing with 30-day loans near 2 percent and a fall in May street loans.
MENTIONED IN THIS ARTICLE
New York
United States Steel
The
Steel Corporation
Illinois Steel
Dow, Jones and Company
New York Stock Exchange
Federal Reserve Bank
Call Money Rates Reported Steady in New York Market
Call money in New York on June 3 remained steady at 3 percent for all day trading. Time loans showed steady rates across various maturities with percentages around 3 to 3 percent, prime commercial paper at 3 percent, and bankers' acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Flour Market Steady As New York Background
New York reports flour prices barely steady on June 3 with limited activity and modest trading.
Bond market ends with dull tone despite gains in foreign issues
In New York on June 3 the bond market repeated yesterday's pattern with firmer demand for foreign list issues lifting prices while overall tone remained dull. Time money fell below 3 percent for the 30 day rate and 2 1/2 to 3 percent for call money, as yields rose on many foreign obligations and Liberty fourth insured hit a new 1930 high at 107.7 amid a $2 245 000 purchase by a Baltimore and New York syndicate.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty Fourth
Baltimore
Maryland to issue 4 percent bonds at 102.82
The state of Maryland will offer 4 percent bonds at 102.82 in a forthcoming sale. Officials expect strong demand and plan to announce terms and timing shortly. The issue aims to finance state needs and repay maturing obligations.
MENTIONED IN THIS ARTICLE
Maryland
Government bonds close in New York on June 3
United States government bonds closed with Liberty 34s at 100.11, First 4% at 101.22, and Fourth 4% Treasury 4% notes reported in New York markets.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Foreign exchange rates across major nations and cities
New York June 3 foreign exchanges show easy demand for Great Britain at 4.859-16 dollars with cables 4.8513-16, France 3.9115-16 and 3.921-16, Italy 5.23 percent in demand and 5.23 via cables. Listed demands include Belgium 13.94 percent, Germany 23.8444, Holland 40.18, Norway 26.74, Sweden 26.82, Denmark 26.7314, Switzerland 19.34, Spain 12.10, Greece 1.29, Poland 11.25, Czechoslovakia 2.96, Jugoslavia 1.76, Austria 14.10, Rumania 59, Argentina 38, Brazil 11.70, Tokyo 49.37, Shanghai 36.75 and Montreal 99.93. Great Britain figures are in dollars. all others in cents.
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
Sugar market steadies as buyers balk at higher prices
New York June 3 raw sugar moves steadier as holders push for higher levels while buyers stay unwilling to pay above last prices. Futures close 1 to 3 points lower. approx 42 650 tons sold. No 2 contract sales. refined demand fair but limited to nearby needs. prices unchanged at 4.70 cents for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Butter Prices Rise on Light Offerings in Chicago Market
Chicago reports June 3 prices with a 4 cent advance on top scores as light offerings push firmer asking prices. Prices list fresh 93 score at 32.33 cents, 92 score at 3244 cents, 91 score at 31 cents, and 90 score at 30 cents with 89 to 87 scores from 29 to 27 cents. Centralized bids show 90 score at 32 14 cents and 89 score at 30 cents.
MENTIONED IN THIS ARTICLE
Chicago
Produce market roundup from Pittsburgh June 3
Pittsburgh notes slow demand across produce with mixed car receipts. Apples steady with New York Baldwina and russets priced from 2.00 to 2.50 per bushel. Cabbage receipts around 46 cars steady in crates from Mississippi and Tennessee, with prices 1.25 to 2.50. Potatoes receipts 55 cars steady with Maine and Southern states offering 3.50 to 5.50 per 100 pounds. Butter and cheese prices listed. eggs and poultry values given for nearby markets.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York
Baldwina
Mississippi
Tennessee
Louisiana
Texas
Maine
Green Mountain
Alabama
Mississipp
Bliss
Carolina
Toledo Seed Prices Report June 3
Wheat No 2 red 1.12. Corn No 3 yellow 0.84. Oats No 2 white 0.47 to 0.49. Seed unchanged.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Chicago Grain Market Sees Global Wheat Shrinkage Report
Chicago June 3 crop notes indicate ominous conditions north and south of the Canadian border and shrinking world wheat supplies. The report highlights deteriorating acreage and potential price implications for farmers and traders.
MENTIONED IN THIS ARTICLE
Chicago
Wheat futures rise as winds and dust hurt crops
Strong winds and dust storms damaged spring wheat across wide areas while Saskatchewan crop conditions fell by 5 percent in a week. World wheat stocks eased to just over 3,000,000 bushels versus last year, and prices closed near the day’s highs with small gains across corn oats and provisions.
MENTIONED IN THIS ARTICLE
Saskatchewan
Dry Goods Market Report Sees Mixed Cotton and Silk Demand
In New York on June 3 cotton goods were quiet with prices barely steady in gray goods. Demand for sheep wash fabrics rose while raw silk stayed weak and inactive. Silk goods for immediate cutting held fair call. Bur laps were unchanged and quiet with growing interest in worsted dress fabrics for fall.
MENTIONED IN THIS ARTICLE
New York
Gray Goods
Pittsburgh Livestock Market Prices Report
Pittsburgh market data for June 3 shows hogs receipts 600 head with prices from 10.00 to 11.10 for various classes. cattle receipts none with steers and heifers priced from 7.25 to 12.25 depending on weight and grade. cows and bulls also listed. calves 50 head steady with top dealers at 12.00 and milk fed categories noted.
MENTIONED IN THIS ARTICLE
Pittsburgh
Sheep Market Receipts and Price Ranges
The report lists sheep receipts at 250 head with a weak tendency lower. Prices shown include choice and medium categories from $11.00 to $13.00 per head for 80 to 92-100 pounds, with down terms for aged wethers and ewes around $4.00 to $11.09 and cull ranges from $3.50 to $9.50.
Chicago Livestock Prices Move Higher on Hogs and Cattle
Receipts total 25 000 hogs with direct loads 7 000 and a steady to 10 cent higher tone. Top hog price 16 55 new high since April. Cattle receipts 8 000 with calves 3 000. weighty steers active and firm. Slaughter steers 1 500 1 800 pounds 12 50 to 14 25. cows 6 75 to 10 00. stockers 9 75 to 10 75. Sheep receipts 11 000. lambs 25 cent lower. native lambs 13 00 to 15 25. fat ewes 5 00 to 5 59.
MENTIONED IN THIS ARTICLE
Chicago
Poultry Prices and Egg Receipts From New York Market
New York prices for dressed poultry show chickens fresh at 27 26c, frozen 32 45c, turkeys fresh 25 28c, ducks 19c. Live poultry quotes steady with broilers 20 32c, fowls 21 2bc, roosters 12c, turkeys 11 20c, ducks 16 1S8c. Eggs receipts 64 093 cases, steady. Mixed colors, regular packed and related grades unchanged.
MENTIONED IN THIS ARTICLE
New York
Hennery Brown
United Gas Plan Consolidates Properties in New Exchange
United Gas announces the operative consolidation plan for its natural gas properties after securing deposits. New securities will be issued in exchange for deposit receipts and become deliverable on June 9. The report mentions Western coast redwoods but notes a two foot thick bark on giant sequoia trees.
MENTIONED IN THIS ARTICLE
United Gas Plan
New York
United Gas Corporation
United Stats
Hancock Investments and regional energy firms in Bluefield notes
Bluefield listings show Hancock Investments and regional firms including Cities Service Co and Pocahontas Fuel. Noted values include Appalachian Electric Power preferred at 7.00 and Cities Service common closing June 3. Market data for Indian Territory illumination bond "A" also referenced.
MENTIONED IN THIS ARTICLE
Luefield Industrial Building Co
Nce
Cities Serv
Cities Serv. Co
Ofd
Indian Territory Iuminating OU MA
Eee Monte-Vista Park Cemetery
ASEO
Majestic Collieries Co
Pocahontas Fuel
Tug River Lumber Co
Appalachian Electric Power
Indian Territory
Murder case linked to gang feuds and racketeering tale
Background of gang feuds and racketeering is connected to the murder of Anna Margaret Urbas whose body was found in the Harlem river in New York. Urban was reportedly the sweetheart of Eugene Moran once bodyguard to Arnold Rothstein, who was slain under mysterious circumstances. Trustee's sale announced for property in Mercer County West Virginia, lot S47 East Shenandoah area, with details of chain of title, mortgage balance approximately 4650 dollars, sale date June 6 1990 at 10 a.m. at the Commercial Bank Building Bluefield West Virginia.
MENTIONED IN THIS ARTICLE
Pocahontas
Pocahontas Fuel Company, Incorporated
Virginia
Wear
Univ . No. 1
Broadway
New York
Norfolk
Main St
Bosston
Mass
Board of Cincinnati
Ohio
Portland
Maine
Pocahontas Wharf
Mount Bluefield
West Virginia
New Bedford
AASS
Lime Street Square
London
E. C
England
Italy
Henry Coe
CLERC
Piassi
Matteo
Genova
Pocahontas Fuel Co., Inc
N. Y
Watkins, Scott
Western Union
Anna Margaret Urbas
Harlem River
Misa Urban
Eugene Moran
Arnold Rothstein
Rothstein
J. Paul Stewart
Mercer County
Walton Sudduth
Cfr
Westirginia
East Shenandoah Aves
Thuenela
Walton Sudath Neas
Shenandoah Avenue
John Stupalekcy
East River Avenue
Fast River Avenue
Commercial Bank
Bluefield
Www
Steel output at US Steel dips near five percent
New York reports ingot production for United States Steel Corp fell about five percent in the past week. Current rate stands at 75 percent of capacity, down from 79.5 percent the prior week and about 80 percent three weeks earlier.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Illness of Pastor Cancels Prayer Meeting
The prayer meeting at College Avenue Baptist Church is canceled tonight due to the pastor's illness. He is improving and hopes to resume preaching next Sunday.
MENTIONED IN THIS ARTICLE
College Avenue Baptist Church
Also Mentioned on This Page
Shorts
Ind. R.R. Util
Tot
Cancewne
Atchison Wee
AULO
Atlantic Refining
Bando
Sete Oem Eee
Barnsdall
Oooo Eeennee
Bethlehem Steel
Brigg ST
Dupont
Eastman
el Pan
Erie
General Electric
Eneen
General Motors
Johna-Manville
Duewe Eennecott Socceesiste Vessessseeese
Kolster
Eeereenee
Wenn
Kfosets Sessseeedeoovess
Petree
Mack Truck
Mexican Seaboard
Monty Ward
Tower
North American
Northern Pacific
BY Ahern
WEA Serge, Inc
Ind. A.R Util
Enwe
Isaac J. Mann
James Elwood Jones
Mer. Alexander
I. McBride
Mgr. Seles
RB. Wallace
Rk Hawthorne
Seamus Pocahontas Fuel Company
Scooge
Bim
Carlos
WER
BY Sidney Smith
Henrietta
Calvos
Were
HELL
MR. Scooge
Chicago Grain
Pittsburgh Livestock
Chicago Livestock
C. B. Hancock Investments
First National Bank
Tan
Scott
Ingot Production
Esnear Federal Reserve
Ee Verona
Che First National Bank
Bluefield, W.va
Boots
BY Martin
Waic
Franz
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