Market Reversal Sparks Sharp Stocks Rally After Oversold Turn
New York June 3 Stocks surged from a deep downward trend as optimism returned with news that government opposition to Standard Oil of New York Vacuum could fade and banks cut margin demands to 20 percent. Leading gains included U S Steel Consolidated Gas New York Central American Can Dupont and many others with Auburn adding 42 points.
MENTIONED IN THIS ARTICLE
New York
New York Central
American Can
Dupont
National Biacuit
Public Service of New Jersey
American Tobacco
Woolworth
North American
General Motors
General Electric Loew's
Baltimore and Ohio
Pennsyl- Canadian Pacific
Sears Roebuck
American Telephone
Union Pacific
Auburn
Middle Western
Oee
U 9
Bond rally lifts many issues in late session
The bond market rallied in the second half of trading with closing levels on active issues irregularly higher. Gains were strongest for rail bonds and extended to industrial, foreign and public utility obligations, though many issues in these groups remained uneven.
MENTIONED IN THIS ARTICLE
New York
Hancock Investments and Indian Territory Market Notes
Fragmentary financial items list Hancock Investments in Bluefield West Virginia and Isencu American Coal Co with shares. Market closes show prices 65.00 52.08 125.00 and mention Allens Grocery. Mentions Trust shares and a June close in Indian Territory with a June 3 deadline or event.
MENTIONED IN THIS ARTICLE
Isencu American Coal Co
Steal Back Coal & Coke
Crystal Block
Ascenke Sacs
Allens Grocery . Ndamenta
DB Essseues
Vanes
Market irregularity seen as upturn ends
The final prices reached after the upturn appeared left the list looking irregular at the close. Chase Securities offers $5,000,000 of West Virginia 4 percent and 31 percent bonds maturing from one to twenty five years.
MENTIONED IN THIS ARTICLE
West Virginia
Chase Securities Corporation
New York Money Markets Report June 3
Call money steady at 1 percent for all maturities including 60 days 1 1 2 percent for 3 to 4 months and 5 to 6 months 14 1 percent. Prime commercial paper quoted at 24 72 percent and bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Prime
Treasury Receipts and Expenditures for June 1
Treasury receipts for June 1 totaled 6 041 462.35 dollars, expenditures 9 978 909.39 dollars, leaving a balance of 36 122 866.91 dollars. Customs receipts added 1 587 103.17 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Foreign exchange rates and demands listed by region
New York on June 3 reports irregular foreign exchanges with Britain quotes in dollars and other nations in cents. The list shows Britain demand 4.869/15 and 60 day bills 4847/16, France 3.91% and 3.9113/16, Italy 5.23% and 5.25% with many country demands including Belgium 13.62% and Germany 23.73% and Switzerland 19.40 and Argentina 30.26 and Mexico City gold peso 49.40.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Mexico City
Inland Steel
Adama Express
Johna-Manville Scene
Rumley
Kansas City Southern
Kelvinator
Alleg Corpn
Kennecott Copper
Allied
Eee Owen
Eee Owen Nece
Meres
Louisville and Nash
Gaa
Elec
Ludlum
American Steel Fdy
McKeesport
McKesson and
Mack Trace
Mathieson
Am Armour Armour
Miami
Atlantic Atchison, T
S. F. Ry. Coast Line
Missouri
Kans
Tex
Aviation Corpn Ene
Ewe
Baldwin Loco
Nat
Distillers
Balto
Ohio
Pow. and Light
Beat
Nevada
Bendix Aviation
Y. Central
Bethlehem Steel
Norfolk and Western
Barnsdall “A
North Amer
S Borden
North American Co
Brooklyn-Union Gas
Otis Eley
Briggs Mfg
Calif
Packard Motors
Calumet
Arizona
Pan-Amer
Pet
Paramount Publix
Penick Snd Ford
Cerro de Pasco
Penney, J. C
Encasenqseeoe
Blo
Chesapeake Corpu
Pennsylvania R
Pac
Prairie Pipe Line
Chicago Northwestern
Proctor and Gamble
Chicago
R. I
Lic Service
N. J
Chrysler Eee
Owen Colorado Fuel and Iron
Il Weep LM
Devind Nonneceneze Renennes
Commonwealth and
South
Th Radio Corpn
Col. Gas
Radio Kelth Orpheum Wee Wee Nne
Remington Rand
Ercia Credit
Reo Motors Oo Een Ennwen Wewnwee Commercial Solvents
Republic Steel
Eewenee
Uy Congoleum Nairn
Si Reynolds Metals
Continental Insurance
Seaboard Air Line
Continental Motors
Sears Roebuck
Continental Oil
Shell Union Oil
Crucible Steel
Simmons Bed
Eee
Curtiss-Wright
Sinclair Oi
Davison Chemical
Southern Calif
Ediso
Delaware and Hudson
Drug. Inc
Southern Pacific
Enews
du Pont
Southern Railway Eee
Eastman Kodak
Standard Oil N. J. Meee
Erie Een
General Asphalt Eee
Wee Enn Ene
General Electric
Transamerica Corp
Generalee
Underwood Elliott Een Eee
General A
Union Carbi Eee
General Pub. Service
General Ry
Signal Tee
United Aircraft - Eeewenn
Gillette Safety
United Carbon
Glidden Co
United Corpp
United Gas
Impr
Graham Paige
Raamewas
Great Northern
Grigsby Grunow
Utilities Power and Ties
Goodyear Tire Eeeeeereereene
Vanadium Steel
Wee
Gulf States Steel
Virginia and
Caro, Chem
Hayes Body
Wabash
Hershey Chee
Ward Baking
Houdaille Hershey
Houston Oil
Warner Pictures
Hudson Motors
Warren Broge
Wesson Oil Ween
Hupp Motors
Illinois Central
Western Maryland
Western Union
Westinghouse
Harvester
Westinghouse Eloc
International Shoe Ee
Willys-Overland
Woolworth
Worthington Pump Od
Youngstown Sheet and Tube
Butter Prices Fall on Weak Demand at Chicago Market
Butter prices slipped amid selling pressure in Chicago on June 3. Receivers were willing to sell, with fresh 92 score entries showing varied bids around 23 to 28 cents and multiple scores reported in the 90s, reflecting muted buying interest.
MENTIONED IN THIS ARTICLE
Chicago
New York Poultry Prices Reported For June
New York poultry market update lists dressed irregular chickens at 28 38 and 25 37 for frozen, live poultry firm with broilers by express 20 37 and fowls freight 21 24. Roosters freight 13, steady overall, with mixed colors and regular packed lots averaging 1914 20 for heavy, 18% 19 for extra, 16% 17 for first grade.
MENTIONED IN THIS ARTICLE
New York
Express
U. S
Baldwins
Alabama
Mississippi
Texas
Maine
Green Mountains
North
South Carolina
Egg prices steady in Cincinnati market report
Eggs in Cincinnati June 3 show quiet, steady activity with extras at 1542, firsts 1444, seconds 14, nearby ungraded 15. The brief market note records small price variations for different grade eggs.
MENTIONED IN THIS ARTICLE
Cincinnati
Sugar Prices Steady as New York Market Closes
New York sugar market quiet with prices unchanged. Early raw futures losses recovered in later trading as about 18,100 tons sold. July 1.16, September 1.24, December 1.32, January 1.34, March 1.40, May 1.47. Refiners raise list prices by 10 points to 4.45 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Wheat Prices Collapse After Farm Board Ends Support
Chicago grain markets reacted as U S government sponsored wheat buying ended. June delivery contracts fell sharply with Minneapolis and Duluth seeing large losses and Chicago reporting new low price records. Wheat closed down as corn and oats also moved variably and provisions varied.
MENTIONED IN THIS ARTICLE
Chicago
Uncle Sam
Atlas
United States
Federal Farm Board
Farm Board
Aliie
Minneapolis
Duluth
New York Exchange Quotations and Market Briefs
N Y Stock Exchange updates and quotations for major commodities including cotton and grains. Brief values from Chicago Board of Trade and New York Cotton Exchange reflect current trading activity as of the region.
MENTIONED IN THIS ARTICLE
New York Cotton Exchange
Chicago Board of Trade
Cotton goods and textiles show varied activity in New York markets
Cotton goods sold more freely in retail channels this week while primary markets were moderately active and prices eased. Burlaps stayed easy in local markets and raw silk opened barely steady. May mill deliveries exceeded expectations as silk and rayon yarns gained demand and wool goods remained moderately requested with fall‑wear showing modest uptick.
MENTIONED IN THIS ARTICLE
New York
Toledo Grain Prices on Track as Wheat and Corn Hold
Cash grain on track in Toledo Ohio with Wheat No 1 red 76 77 No 2 red 75 76 Corn No 2 yellow 56 57 No 3 yellow 54 55 Seeds in warehouse not changed.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Pittsburgh Produce Prices and Freight Rates Summary
Produce prices listed for fruits vegetables and dairy across several states. Includes onions cabbages potatoes butter and poultry with per unit costs and quality grades. notes steady or unchanged markets and regional supply specifics.
Baltimore Livestock Prices and Receipts Report
Baltimore market on June 3 lists Castle receipts across categories with steers bulls cows and heifers priced from 2.00 to 7.50 per unit. Sheep lambs hogs calves and related items show receipts and bid ranges including spring lambs 9.75 to 10.25 and heavies 6.00 to 6.65 with lower marks for roughs and light pigs.
MENTIONED IN THIS ARTICLE
Baltimore
Castle
Pittsburgh Livestock Prices From June Market Report
Pittsburgh livestock auction report dated June 3 notes hogs selling mostly 15 higher with light weights 130-160 lbs at 6.50 to 6.75 per cwt and 160-200 lbs at 6.60 to 6.80. Cattle and calves show mixed gains with steers 900-1,300 lbs at 6.25 to 6.75 and cows 3.50 to 5.00. Sheep market around steady with lambs 8.75 to 11.00 for light weights and yearlings 6.00 to 7.50 in the mid ranges.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. 8
Chicago
U. S
Idaho
Chicago Livestock Market Report Highlights Stronger Beef and Pork Prices
Chicago cattle and hog prices show broad strength with gains of 25 to 100 cents for various classes. Hogs reach top quotes around 6.30 per hundredweight for 180-250 lb and strong demand supports light weights and sow categories. Cattle see mixed to higher values across steer and heifer grades, with yearlings and vealers showing active buyers as lambs and sheep close steady to firm. Grass and Idaho lambs top near 10.60 with other lambs around 9.00 to 10.60.
Owes Media to Choice 1 in Weight Report
A fragmented line notes financial terms with figures 6.00 8.00 and 1.7543.00, listing weights 90 160 lbs and common 100 2.00. It references owed media to choice 1 with unspecified context and multiple monetary values.
May Auto Registrations Break Records In Wayne County
AP reports May passenger car registrations in Wayne County Michigan Detroit area climbed to the highest level since June last year, rising 18.4 percent over April. Copper prices hold at 8 cents a pound, a new domestic low. Steel trends show ingot output dipping, with Iron Age and Steel noting continued gradual recession and 40 percent capacity use. Prime western zinc hits 3.20 cents a pound, a fresh low since 9%.
MENTIONED IN THIS ARTICLE
Wayne County
Mich
Detroit
SteelThe Weekly
Steel
Stee
East St. Louie
Curb Market Climbs as Oil Issues Lead Gains
New York June 3 curb market gains led by oil stocks with broad advances across the sector. Vacuum surged after a government stance on its 900 million merger with Standard of New York. General Petroleum rose on a when issued basis. Other notable moves included Aluminum of America up 19% and Parker Rustproof 9% with several utilities and chemicals also advancing.
MENTIONED IN THIS ARTICLE
New York
Oila
Vacuum
Vacuum and
Standard of New York
General Petroleum Company
Standard of Indiana
Gulf
Humble
Saxet
Cities Service
Imperial
General Petroleum
Standard of Ohio
American Gas
Brazillian Traction
Consolidated Gas
Baltimore
Fantern Utilities Associctes
Aluminum of
America
Parker
Railroad chairman chosen as Powell resigns July first
Kenneth D. Steere is elected chairman of the board of the Chicago and Eastern Illinois railroad to replace Thomas C. Powell, who resigns effective July 1. R. Whitaker, president of the Amamada Lead company, says operations will be suspended and property closed on June 30. Ernest T. Wer, chairman of National Steel, just back from Europe.
MENTIONED IN THIS ARTICLE
New York
Kenneth D. Steere
Chicago and Eastern Ilinoie Railroad
Thomas C. Powell
R. Whitaker
Ahamada Lead Company
Ernest T. Wer
National Steel Corporation
Europe
Economic Optimism Amid Telecommunication Growth Across Regions
Weir noted optimism rises as alarms show progress toward solutions. Marshall F. Sampsell reported a 66,3847 increase in telephone units this quarter, totaling 511,004 across 25 states. Roth Stores, Inc. stock under receivership resumed trading, with New York securities officials guiding reorganization amid Atlantic Public Utilities receivership in Chicago.
MENTIONED IN THIS ARTICLE
Marshall F. Sampsell
Associated Telephone Utilities
New York Carbex Committee On Securities
Roth Stores, Inc
United Holy Church Choir Rehearsal and Meetings
The United Holy church announces 8 o clock choir rehearsal led by O M MacGue and an 8 o clock men's club meeting. The Rev Mrs M L Glenn delivered a message at Princeton West Virginia. A Women's Home Missionary Society meeting is set for 3 pm at the church. Mr and Mrs Connolly plan a Tampa trip to British West Indies. Bethel A M E Junior choir rehearsal Thursday at 6 30 pm at church.
MENTIONED IN THIS ARTICLE
United Holy Church Choir
Mra. M. L. Glenn
The
United Holy Church
O. M.macgue
M. L. Glenn
Princeton
W. Va
Woman's Home Missionary Society
Dana Downs
Q. A. Connolly
Bluefield
Tampa
Fla
British West Indies
Mr. Connolly
Professor Connolly
Bluefield State Teachers’ College
Harry Neal
Children Day Program Rehearsal At Bethel A M E
Sunday school prepares for the Chil dren's day program with a Thursday evening rehearsal at 7 30 p m at Bethel A M E Church.
MENTIONED IN THIS ARTICLE
Bethel A. M. E
Suspicion Over Husband’s Meals Sparks Witty Exchange
A Sydney society quip notes a wife jokes about her husband’s meals when she is rarely home. The friend questions how he eats, and the wife replies that she had the same thought recently, reflecting domestic irony in Smith’s Weekly.
MENTIONED IN THIS ARTICLE
Bitterfly
Also Mentioned on This Page
Standistics Co. i
Ind
R.R
Ut'ty
Standard Statistics Co. 1
Indl
R.R. Utty
Liberty
NEW York Poultry
Cincinnati Produce
Chicago Grain
N. Y. Stock Exchange
Bluefield, W. VA
New York Stock Exchange
New York Carbine (Associa
Iedmond Stock Exchange
James EE. Mann
Jack R. Younger
Toledo Grain
Baltimore Livestock
Pittsburgh Livestock
Chicago Livestock
Associated Press
Wall Street Briefs
England
Weir
Atlantic Public
Atlantic Public Utilities
News OF the Colored People
Childrens
Isaac T. Mann
James Ellwood Jones
Ote Alexander
Arthur J. MacBride
M. L. Wallace
H. R. Hawthorne
Pocahontas Fuel Company Incorporated
One Broadway
Pocahontas Coal Fields
Tidewater
Great Lakes
Atlantic Coast
Lambert's Point
Sewall's Point
Norfolk and
Newport News
New Bedford
Mass
Salem
Mystic Wharf
Boston
Portland
Sandusky
N. Botterd
Porter’ Rye Vertels
Bluefield, W
Hio
Moxey, Savon OP Ltd
Lime Associa Street
Rere i
Hornet
Henrietta
Tom Carr
Mer
BY Sidney Smith
Nenristta
Tom
Bimbo
Wei
Weble
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