Anticipate Final Tax Bill Action on Wall Street Rally
New York June 3 securities markets rose in anticipation of final action on the tax bill and a banking plan tied to a balanced federal budget. Bankers planned organized buying after the close, with gains across stocks and bonds, though profit-taking trimmed some advances. Trading volume reached 1,856,642 shares as utilities and tobacco stocks posted solid gains.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Light and Power Company Tasties
Consolidated Gas
North American
American Water Works
United Gas Improvement
Pacific Gas and Peoples Gas
American Telephone
Steel
American Tobacco
Liggett and Myers
B.” Reynolds
National Biscuit
Coca Cola
Corn Products
Hershey
Woolworth
Bond Market Booms as Rail Bonds Lead Gains
A cheerful bond market in New York on June 3 saw its strongest day of the year. Railroad bonds surged 2 to 9 points with several majors like Santa Fe and New York Central rising, while total par value traded reached 12.47 million against 15.96 million the day before as investors weighed stabilization rumors.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Curb Market Boosted by Bank Syndicate Talk and Tax Actions
The New York curb market rallied on reports of a large banking syndicate to buy securities and progress on tax discussions in the House and Senate. Many curb stocks gained 1 to 8 points and preferred issues rose up to 5 points as turnover reached about 200000 shares. Utilities jumped on hints that electric rate taxes would shift to consumers amid conference progress in industry stabilization.
MENTIONED IN THIS ARTICLE
New York
House
Senate
Steel capacity dips after Ohio works shutdown
Reports from steel trade circles say the Youngstown district ingot rate fell to 19 percent of capacity from 25 due to Carnegie Steel’s Ohio works closure. Wall Street also notes American Machine and Foundry earnings this year run under the 35 cent quarterly dividend.
MENTIONED IN THIS ARTICLE
New York
Youngstown
Ohio Works
Carnegie Steel Company
Wall Street
American Machine and Foundry Company
Investments in Cities Service and Agoura Electric Power
Market notes show Cities Service $8 preferred and Agoura Electric Power $7 preferred trading at market. Cities Service common closes at 2 percent gain with time 3.
Stock Exchange Quotations Desk Notes Contacts
The document lists contacts for the New York Stock Exchange and related exchanges. It includes telephone access and managerial staff names James E. Mann and Jack R. Younger. Location references include Bluefield West Virginia and Richmond Exchange.
Company Earning 1.07 a Share in First Half 1931
American Cities Power and Light reports May 20 net assets at 72.15 per share of class A stock after adjustments, while Universal Pipe and Radiator and affiliates post a quarterly net loss of 253184, larger than the 71946 loss a year earlier.
MENTIONED IN THIS ARTICLE
American Cities Power and Light Corporation
Universal Pipe and Radiator Company
Foreign exchange rates and demands published in New York
A June 3 report lists foreign exchange rates with Great Britain at 3.69 percent demand and 3.59 percent cables, France at 3.94 percent, and various country demands including Belgium 13.9944 and Germany 23.72. Quotes cover currencies in dollars and cents and note that demand rates are nominal.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Mexico City
Eilver Peno
Government Bonds Close in New York Markets
United States and state government bonds finished trading in New York with varied prices. Liberty 31ga8 and First 44% showed notable moves while Treasury issues including 4s and 3s traded around 100 with modest shifts.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Treasury Receipts and Expenditures Report
Treasury receipts for June 1 totaled 103,150,730.42 dollars with expenditures of 106,926,621.34 dollars, leaving a balance of 380,102,633.82 dollars. Customs duties for Puné on that day reached 673,903.33 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Puné
Call money and time loan rates steady in New York market
The call money rate remained steady at 20 percent all day in New York. Time loans held at 1 percent for 60 to 90 days and 14 percent for 4 to 6 months. Prime commercial paper quoted at 2 percent with bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Coffee trading steady as prices drift in New York
Trading for the weekend wrap up subdued. No. 7 Coffee contracts open 1 lower and close 2 to 4 lower with 4 009 sold. Santos firm to higher earlier but closes mixed, total 6 000. Spot coffee quiet with Rio price at 13 and Santos 4s at 1044 to 10 9 ce.
MENTIONED IN THIS ARTICLE
New York
Santos
Rio
Rawengar Sugar Prices Rise as Refiners Increase Interest
New York notes Rawengar firmed today with a 2 point gain to 2.60 spots as refiners show more interest. A 56 000 ton Cuban sale from Norfolk store to the United Kingdom at 2.64 fob. July 0.59, September 0.60, December 0.73, January 0.74, March 0.80, May 0.84. Refined sugar unchanged at 3.75 for fine granulated. slight inquiry over weekend.
MENTIONED IN THIS ARTICLE
New York
Norfolk
United Kingdom
Butter and Carrot Prices Reported in Chicago Market
Butter prices in Chicago June 3 show several quoted levels including 98 score 16 percent and 92 to 164 range, with 87 to 89 figures and 14 percent entries. Centralized carrot figures include 99 161 89 154g and 38 with 14 percent references.
MENTIONED IN THIS ARTICLE
Chicago
Cincinnati Produce Cincinnati 0 June 2 Rege unchanged
Brief item notes the Cincinnati market scene with no price change and no movement in the index. It records a static statistic for the day, providing minimal context and no additional events or entities.
MENTIONED IN THIS ARTICLE
Cincinnati
Pittsburgh Produce Market Report June 8
Pittsburgh prices from the state and transportation departments show modest activity across fruits vegetables and dairy. Apples Baldwins New York and Carolina onions and potatoes move lightly with small variations in wholesale basket and barrel lots. Butter prices hover near 92 and 89 cents for standard and extra grades with slight supply shifts noted.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York
Dry Goods Trade Surges as Cloths and Cotton Demand Rises
New York reports rapid buying of gray cloths for immediate finishing and strong demand for finished cottons. Men’s wear prices have fallen from 174 percent to 20 percent, signaling broad supplier clearance in the dry goods market.
MENTIONED IN THIS ARTICLE
New York
Toledo Grain Prices Hold Steady At June Market
Toledo grain reports mixed quotations for June with No. 2 red wheat 49 19, No. 1 red 50 14, 351 oats mixed 22 28 for No. 2 white and No. 3 white 21 22, seeds unchanged.
MENTIONED IN THIS ARTICLE
Toledo
Baeia Normal
Grain futures slump as Garner relief bill moves
Chicago wheat futures slumped after a late report that the $2.3 billion Garner relief bill had cleared committee. Traders saw the move as bullish for relief aid and drove prices to the lowest level in nearly a month on heavy stop loss selling.
MENTIONED IN THIS ARTICLE
Chicago
Proposed 400 percent tax on exchange trades unsettles market
Trade sentiment weak as the new tax bill faces return. Wheat closed nervous down slightly from yesterday, corn and oats fell modestly, and provisions held firm with small gains.
New York Poultry Market Report Summary
New York market notes show dressed poultry quiet with live poultry firm. Express prices listed for broilers roosters turkeys and unquoted items, with overall firmer tone and mixed color standards.
MENTIONED IN THIS ARTICLE
New York
Express
Trade Trends in May From Engineering News Record
Construction contracts awarded last week of May totaled 14.953 million dollars, a drop from the prior week. Year-to-date contracts reached 469.279 million, versus 1.2535 billion at the same point last year. Fertilizer sales in May in cotton states totaled 7 000 short tons, down from 63 000 last year and 75 000 two years ago. Lumber production for the week ended May 28 was 114.687 million feet, about half of the prior year’s week. orders and shipments outpaced production by small margins.
MENTIONED IN THIS ARTICLE
Associated Press
Engineering News Record
South Carolina
Alabama
Mineiasippi
Tennessee
Louisiana
Arkansas
Texas
New York Cotton Exchange Service
National Lumber Manufacturers Association
Jersey City Livestock Prices Report June 3
Cattle 1,170 head steady. steers and bulls nominal. Cows 50. Calves 2,300 steady. Veal and calves good to choice 6.00 to 7.00. medium 4.50 to 5.50. calves 2.60 to 41.00. Sheep and lamb 14,020 steady. lambs 7.60 to 8.00 high. mediums 6.50 to 7.00. commons 5.00. Hogs 1,270 all direct.
MENTIONED IN THIS ARTICLE
Jersey City
Livestock Market Report From Pittsburgh
United States Department of Agriculture figures show hogs around 1800 head, 300 head overhold, prices mostly steady to firm with highs near 5 per hundredweight for good to choice hogs and light weights. cattle totals around 25 head with steers 900 to 1300 pounds bringing 5.80 to 6.20, cows 3.00 to 4.25, calves around 125, vealers steady to firm. sheep around 800 with lambs and yearling wethers listed, prices from 3.25 to 7.25 for various grades.
Baltimore Livestock Prices and Market Report
Baltimore June 2 cattle numbers around 300 with prices from good to choice 6.00 to 6.50 for select grades, cows 4.50 to 4.90, calves 6.00 to 6.50, sheep and lambs 500 steady with spring lambs 6.75 to 7.25, hogs 800 higher with light to medium 3.75 to 4.00, western hogs 10 to 20 higher, calves 100 steady with good to choice 6.00 to 6.50.
MENTIONED IN THIS ARTICLE
Baltimore
Chicago Livestock Market Report June 8
Chicago receipts total 19 000 hogs and 7 000 pigs direct and 4 000 cattle and calves. Priced ranges show live weights 140 160 lbs hogs at 3 10 3 20 per cwt, cattle top 7 75 per pound for larger steers, sheep steady to higher with yearlings at 4 50 and lambs 6 00 7 00 per cwt.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept
Couple showered with jewelry puzzling Clarion
An anonymous benefactor has sent jewelry to Mr. and Mrs. John Neely of Wentling's Corners since Halloween 1928. They cannot identify the donor or recall any favors granted, though an unsigned note says they need not fear to wear the gifts. The items include rings a watch a mesh bag a diamond pendant and a ruby ring.
President Hoover Uses Surprise Capitol Visit to Press Tax Bill
The President arrives at the capitol to personally urge a modified tax bill and budget balancing measures, delivering a dramatic appearance in his administration's first foray before Congress.
MENTIONED IN THIS ARTICLE
Hoover
Capitol
Senate
Congress
Funeral service for Mrs. Mary Penn at Mount Zion Baptist
Funeral service for Mrs. Mary Penn who died Wednesday morning at her sister Mrs. Lizzie Robinson home will be held Saturday at 1 PM at Mount Zion Baptist church. Burial will be at Weyan oke.
MENTIONED IN THIS ARTICLE
Mary Penn
Lizzie Robinson
Mount Zion Baptist Church
Weyanoke
Bethel A M E Church Hits June 5 Fund Drive
Bethel A M E holds Sunday rally to educate and fund raise for Wilberforce University. Members are asked to donate one dollar each. Collectors Virginia Jenkins Savannah Tynes and Cecelia Richards will visit members for subscriptions under Pastor Rev. E. L. Patterson.
Prodigy Finishes Eight Grades in Two Years
Chicago eight year old Joanna Nenes, a child prodigy, completed eight grades in two years and taught backward children, but Principal Alfred W. Schroeder ruled she is not mature enough for high school. She plans to teach history in college and will repeat grade school starting in the fourth grade next year.
MENTIONED IN THIS ARTICLE
Chicago
Joanna Nenes
Alfred W. Schroeder
Joanna
Huntington Army engineers map new lock sites on rivers
Major Fred Herman district engineer says plans place a new lock and dam on the Ohio river at Ben Lomond about 29 miles above Huntington costing five to six million dollars and a Kanawha river lock near Red House at about three million dollars.
MENTIONED IN THIS ARTICLE
Huntington
Ohio River
Kanawha River
Fred Herman
Ohio
Ben Lomond
Kanawha
Red House
Touch Earnshaw for Three of ’Em
In Chicago on June 3, the game sees Touch Earnshaw contributing three runs as St Louis takes a 2 to 1 lead over the White Sox. Highlights include home runs and late-inning efforts fueling the tilt.
MENTIONED IN THIS ARTICLE
Chicago
Govee
St. Louie
White Sox
Bose
Chigago
Anattea
Fluyes
Th. Louis
Campbell Berry
Melliilo
Ers Hodapp
Merry Home
bese—Campbell
St. Louin
Chicago Ll
Oureholder
Balk
el Umphee
Hild Send
Owens
FACES MURDER CHARGE IN COCKTAIL SHOOTING
London reports Mrs. Elvira Dolors Barney daughter of Sir John Mullens and former wife of John Sterling Dar hey arrested and charged with the murder of Michael Scott Stephen a socially prominent young man. Stephen's body was found with a chest wound in Barney's Knightsbridge apartment Tuesday.
MENTIONED IN THIS ARTICLE
London
Elvira Dolors Barney
John Mullens
John Sterling Darhey
Michael Scott Stephen
Stephen
Barney
Knightsbridge
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Nea
Standard Statiatica Co. Imal
Standard Statistica Co “A ' Vna
Wall Street Briefs
N. Y. Stock Exchange
Bryan, Kemp and Company
West Virginian Hotel
Bluefield, W. VA
New York Stock Exchange
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New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
James E. Mann
Jack R. Younger
Jorine
Otis
Adama Paereee
Ie Light Is
Pac
Gas
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Rae
CINE
Packar Motors
Allied Chemical
Paramount Publix
Foster Wheeler Estes
Penick
Secsure
General Foods
Pilebury I Proctor and Gambie
American Ole Mills
Coodyear Tire
Hershey Choboba Reynolds
Atlantic Pasaias
Howaton
Loyal Roebuck
Ets
Hudgon Motors
Bwahack
Ccs Eeseeeene O Ma Corpaive
Finois Centra Hupp Motors
Sinanons Saaeee
Hateeeee
Sovony Vacuum
Iseee
Ona
Tnt
Arvester
Calif. Edison
Bendix Aviation
Tee International Bhoe
Southern Pacific
Johna
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Gana As Pacific
Liggett and Myers Blo
Lowe's Inc
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Cerro de Paseo Lortilard
Timken Roller
Ing
McKoseon
Ee Iy
Union Pacific
Chrysler Ee Eeentue
Truc
United Aircraft
Coca-Cola
Wea Cor
United Carbon
Wee Sly
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United Corpn
Columbian Carbo Eee
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Inpr. Inc
Col
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Sear
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Continental
Warner Features Com
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Chicago Grain
NEW York Poultry
Jersey City Livestock
Pittsburgh Livestock
U. S
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Chicago Livestock
News OF the Colored People
Prodigy
Winni Piteher
Goslin
O. L. Alexander
Harry Bowen
James Ellwood Jones
Arthur J. MacBride
T. Tl. Wallace
H. Tl. Hawthorne
Pocahontas Fuel Company
ONE Broadway
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W. Va
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eLrolt, Ch
Moxey, Savon & Co, Ltd
Lim Street Square
I. Cc
England
Coal Trading Association
Rotterdam
Prederick Gundersen
Bergen
Pinto Basto & CO
Utdy Ilalion
S. A. Henry Com & Cleric
Lomaltia
Genoa
Italy
Arthur Faludin
Drottningwatan
Stockholm
Aktibbolaget Bergbrun
Gotherburg
Squint
Walt
Loral
Napoleon
Grant
Peary
TOM Carr's
Andy
Tom
BY Sidney Smith
Iam
Nate Rend
Man
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