Market Holds Gain After Mixed Bond Setbacks
New York stocks ended higher after a cautious session with a 942 265 share turnover. Profit taking followed last week's rally but broad gains persisted as utilities and industrials fluctuated. Major losses centered on Brooklyn Manhattan Transit while several Dow components slipped one to two points amid mixed overseas and economic signals.
MENTIONED IN THIS ARTICLE
New York
Bonde
New Investment Corporation
Brooklyn-Manhattan
America Telephone
Norfolk & Western
Santa Fe
Union Pacific
Case
Allied Chemical
U. S
Quotations and Contacts at New York Exchanges
Bryan Kemp and Company list New York Stock Exchange quotations with James E. Mann as manager and Jack R Younger as assistant manager. Telephone 1800. Includes New York Cotton Exchange New York Curb Exchange Chicago Board of Trade Richmond Stock Exchange and associated offices.
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N. Y. Stock Exchange
Bryan, Kemp
and Company
New York Stock Exchange
New York Cotton Exchange
New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
O. L. Alexander
Harry Bowen
James Ellwood Jones
WW. N. Mawthorne
Arthur J. MacBride
Rh. L. Wallace
Bond Market Rebounds With Modest Gains On Heavy Volume
New York price action in trading on June 6 showed swings across issues with losers and gainers within the same corporation. The 60 bond average closed up four tenths, with total sales of 11 million dollars. Falls and rallies dominated the day, utilities remained in demand while industrials ended easier.
MENTIONED IN THIS ARTICLE
New York
Curb Market Dips After Solid Rise In Prior Sessions
New York June 6 curb market faltered after a three day climb. Many active issues realized gains then fell back as a dull session closed with 150000 shares traded, about 70000 below yesterday. Utilities firmed late on tax hope. petroleum reports remained favorable. California crude production remains uncertain. Standard of Indiana and Gulf fell about a point.
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New York
Senate
California
Standard
Indiana
Gulf
Tire firms boost output amid tax deadline demand
Wall Street reports Kelly-Springfield Tire increases production to meet dealer and user demand before the tax on tires and tubes takes effect. Utilities Power and Light Corporation is noted in its consolidated report.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Kelly-Springfield Tire Company
Utilities Power and Ht Corporation
Ihs Consolidated Report
Investment Notes From Cities Service and Partners
C B Hancock Investments reports market activity on Cities Service with a $6 preferred at market and a $7 preferred at market, along with Cities Service common shares. The June close records suggest market movement for Appalachian Electric Power Company and related holdings.
MENTIONED IN THIS ARTICLE
C. B. Hancock Investments Cities Service
Appalachian Electric Power Company
Cities Service Common
Refinancing Cut Debt Boosts English Subsidiaries in 1931
The report shows refinancings mainly aimed at reducing bank loans of English subsidiaries, lifting the group’s financial position by about 19 million dollars. It notes no control common stocks were pledged, no subsidiary bonds or notes due before April 1, 1934, and only 193 958 owed to subsidiaries. Net income for last year totaled 4,645,893 dollars or 2.14 per class A share, versus 7,236,840 dollars or 4.08 per share on A stock in 193?.
Government Bonds Market Closing Rates and Fluctuations
United States government bonds closed with mixed results in New York trading. Liberty bonds quoted at 100 and 101.x with small fractional adjustments. Treasury issues including 4% and 4.5% securities showed modest gains and declines across several maturities. Traders noted steady demand for long and intermediate maturities amid market uncertainty.
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New York
United States
Liberty
Treasury
Treasury Receipts and Outlays for June 3
Treasury receipts for June 3 totaled 4,386,641.24 with expenditures at 23,593,991.74 and a balance of 338,853,190.73. Customs duties for the first three days of June amounted to 1,883,298.15.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Foreign exchange rates and demands listed in New York
New York June 6 foreign exchange rates show easy markets with Great Britain in dollars and other currencies in cents. Demand levels for multiple nations including Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Austria Rumania Argentina Brazil Tokyo Shanghai Montreal Mexico City are noted as nominal.
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New York
Great Britain
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Eed
Mexico City
Call Money and Bankers Acceptances Steady in New York
Call money is steady at 2 percent all day with time loans flat at 60 to 90 days 1 percent and 4 to 6 months at 14 percent. Prime commercial paper remains at 2 percent. Bankers acceptances unchanged with 50 days 1 percent, 60 to 90 days 1 percent, 4 months 141, 5 to 6 months 1 percent.
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New York
Coffee market report from New York trading day
Quiet but steady demand seen as Brazilian buyers balance local and commission house selling. No 7 contracts opened five lower and closed unchanged to four lower, with two thousand lots traded. Santos opened nominal and finished one lower to one higher amid six thousand lots. Closing quotes show July to May contracts for No 7 and Santos listed, spot coffee steady and Rio SA markets indicated.
MENTIONED IN THIS ARTICLE
New York
Aoe
Santos
Rio
Sugar futures steady as demand improves in New York
Raw sugar held firm today with a gain of 2 points. Trade showed stronger inquiry and shipments totaling 45,000 Porto Rican bags and 18,000 Philips bags for June July at .67 68 to operators. Approximate sales 19,100 tons with July at .61 and May at .85, refined prices unchanged at 3.75.
MENTIONED IN THIS ARTICLE
New York
Flour Steady in New York Markets
New York June 6 flour prices hold steady as trading closes with no major shifts reported. Market observers note stable futures and demand remained firm for grains across the session.
Unfinished cotton goods firmer as sales exceed production
In New York on June 6 unfinished cotton goods workers held firmer prices after weekly excess production sales. Finished goods of sensational character moved more freely amid the market activity.
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New York
Cincinnati Produce Fireworks Run Ends Early
Cincinnati dispatch reports Hege posted 12 seconds 10 for a nearly ungraded 1143, marking a notable finish in the race amid June activity.
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Cincinnati
Hege
Pittsburgh Produce Prices and Demand Report
Pittsburgh June 6 report from U.S. and Pa. Departments of Agriculture notes moderate demand for produce. Apples steady at 3.00 per bushel for New York Russets and Baldwins. onions, potatoes, butter, eggs, poultry, hogs and other items show varied steady to dull movements across regions including New York, Texas, North Carolina, Ohio, West Virginia and Kentucky.
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Pittsburgh
New York
Atanarda
Ohio
West Virginia
Kentucky
Grain and feed prices and clover cash bids listed
Toledo market notes show Wheat No 2 red at 46 to 47 cents per bushel, Corn No 2 red at 26 to 26.4 cents, No 3 yellow 25 to 25.4 cents, Date No 2 white 21 to 21.5 cents, No 3 white 19 to 20 cents. Red clover prime cash 9.00 and alsike prime cash 8.75 per hundredweight.
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Toledo
Grain Values Plunge As European Buyers Rush For Wheat
Sensational market breaks in Chicago grain on June 6 sent prices sharply down driving European importers to buy as much as five million bushels of wheat amid the day’s trading.
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Chicago
North American Markets End Mixed Amid Farm Liquidation Fears
North American trade closed mixed as Canada underperformed while Argentina and the United States showed weakness. Traders cited heavy stop loss selling and fears of wholesale farm liquidations ahead of a 56 cent per bushel Canada wheat bonus ending. Wheat in Chicago finished nervy down about 1 to 2 cents, with corn and oats modestly lower or unchanged.
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North America
Liverpool
Winnipeg
Canada
Argentina
United States
Chicago
Baltimore Livestock Market Report
Baltimore live stock prices show cattle 400 head steady with steers 6.00 to 6.50, mediums 5.50 to 6.00, bulls 3.75 to 4.25, cows 3.50 to 4.09, and sheep and lambs 350 head higher with spring lambs 7.00 to 7.50. Hog receipts 3,400 higher. lights 2.90 to 4.15, pigs 3.60 to 4.15, Ohio hogs 10 cents higher. calves 550 steady with calves good to choice 5.00 to 6.00.
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Baltimore
Ohio
Pittsburgh
Ss. Dept. of Agr
Ateera
Helfers
Jersey City Livestock Market Report
Cattle totals 2,500 with steers bulls and cows priced steady to higher. Vealers and calves 6,660 with good to choice 6.00 7.00 and common 3.75 4.00. Sheep and lambs 21,050 steady to strong with good to choice ewes and lambs up to 8.00. Hogs 5,170 sold direct.
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Jersey City
New York Poultry Price Report June 6
New York market notes firm prices across live poultry including chickens turkeys and ducks with fresh and frozen lines quoted. Special packs and unusual hennery selections sold on credit show higher premiums while no grades and mixed colors appear with varied per unit values and freight data.
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New York
Etore
Pittsburgh Livestock Market Report June 6
Pittsburgh market bulletin lists cattle and hog prices by weight, with hogs up to 10 higher and various weights from 130 to 350 pounds. Cattle show steer and heifer ranges with some gains and weaker cows. calves and sheep prices noted, including lambs and yearlings in medium to high ranges.
Chicago Livestock Market Report Highlights Gains
Chicago June 6 livestock market report shows totals 27 000 cattle hogs with gains in hogs and steady cattle. Hogs top at 3.60 with varied weights and packs including 12 000 direct sales and 4 000 holdovers. Cattle and calves total about 14 000 with steady to slow trader activity and price ranges across weight classes. Sheep and lambs edge higher with best lambs selling near 7.40 and packer kinds around 6.50 to 7.00.
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Chicago
U. S
Trade Trends in Copper and Floor Coverings
Copper trade circles report smelters reluctant to sell as import legislation looms in the revenue bill. Electrolytic copper for domestic shipment remains at 5% cents per pound. Floor covering markets show a seasonal lull, with rug and carpet buying slow as linoleum and felt base products await new price schedules this week.
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Associated Press
Golden Star Club Meets At Miss Colla Robinson's Home
The Golden Star club will meet tonight at 7 30 at 920 West Ridge Street the home of Miss Colla Robinson All members urged to attend The Y W M S will also meet at 7 30 this evening at Mrs Mozella Moorman's home Visitors are welcome
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Golden Star
Golden Star Club
Colla Robinson
Weat Ridge Street
Mozella Moorman
Memorial services honor war dead in Washington’s Srivan ceremony
Secretary of the Interior Ray Lyman Wilbur delivers the principal address at memorial services for the war dead with the Washington monument visible in the background. The ceremony emphasizes national remembrance in the capital.
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Washington Monument
Interior
Ray Lyman Wilbur Ts Econ
Srivan Theater
Washington
Bramwell Community Briefs Afield and Church Notes
Bramwell West Virginia June 6 Correspondent local column reports the Woman's club met in the Masonic hall Circle No 2 and Circle No 8 set to meet at Emma Obrien's home. Revival services at the Methodist church draw more attendees daily with sermons by Rev S H Austin and music by the Wall family. Several residents and visitors are noted including Capt Mallette, Mrs Foard, Harris of Kimball and families Masrey Toy Perry Burke and Cole.
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Circle No
Methodist Church
Emma O'Brien
R. Carcell
Walle
Mr. Austin
Jeff Wall
S. H. Austin
Charles Perry
Goodson
Bluefield
Funeral notices and social visits reported locally
Buford Bouldin in Norrows after his mother's death Mra H G Bouldin attended by Frank Harney Mre B D Bouldin Lena Carden Funeral held Wednesday Richard Kelley visited Hazard Kentucky last week newlyweds Mr and Mrs D H Griffin returned to Bramwell Ed Shrader visited in Friday Marmet Phillipa ill Emma OBrien attended Hiwassee College graduation and returned from Knoxville Brieol Francie OBrien and Vernon Yeat also home M Abrahamson ill at home Mra Nathan Effron of Blue-
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Buford Bouldin
Norrows
H. G. Bouldin
Frank Harney
B. D. Bouldin
Lena Carden
Richard Kelley
Hazard
D. H. Griffin
Bramwell
T. H. Williams
Waddie Shrader
Christiansburg
Ed Shrader
Marmet Phillipa
Emma O'Brien
Hiwassee College
Knoxville
Brieol
Francie O'Brien
Vernon Yeat
M. Abrahamson
Mra
Nathan Effron
Sarazen and Smith Tie Up Fine Golf Exhibition
Sarazen and Smith produced a near miss with strong rounds as Purasey from Seattle and Palm Beach pro Gordon Smith faced stiff competition. Abe Mitchell and Ted Ray opened with 73s while Duncan posted 74 and Vardon and Braid finished in the 80s.
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Walter Purasey
Seattle
Gordon Smith
Palm Beach
Crane
Britain
Abe Mitchell
Ted Ray
George Duncan
Harry Vardon
Jim Braid
Hunger marchers in West Virginia puzzled over next move
In Charleston on June 6 1931 hunger marchers from Southern West Virginia sat around a camp fire amid food shortages after two relief pleas failed. Governor Conley said no state funds were available and Kanawha county reported exhausted relief funds. Spokesman Rev John Harlow said uncertainty remained about next steps and anticipated more marchers, while private donations kept some feed.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
West Virginia
Conley
Kanawha
John Harlow
Kanawha River
Parole Board to Convene at State Penitentiary
Charleston Albert G. Jenkins reports the state parole board will meet at the Moundville penitentiary on June 16 to hear parole applications. Warden A. C. Scroggina set the date.
MENTIONED IN THIS ARTICLE
Charleston
Albert G. Jenkins
State Parole Board
Moundaville
A. C. Scroggina
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