Stock market wavers as Treasury rate shock unsettles traders
Public trading activity remained subdued as the Treasury fixes a 6 percent short term rate shocking expectations of easing money rates. Radio stocks weaken with Commonwealth Power dropping sharply while utilities rise. Industrial issues like Allie Chalmers and GE gain, radio breaks, and several firms hit 1929 lows amid a choppy session.
MENTIONED IN THIS ARTICLE
Treasury Department
Chicago
Radio Corporation
New York Exchange
New York
Associated Press
Lesses
Federal Reserve
Commonwealth Power
U. S
Commonwealth
Allie Chalmera
General Electric
Erie
New Haven
Reene
Nut Packing
Burroness
Columbian Carbon
New York Central
Wright Aero
Simms
Spicer and
Sperks Withington
Emorg Isetes
Gillet
New York Stocks Close With Mixed Reductions Across Firms
Closing prices show Allied Chemical and American Can among declines while American Water Works and Bethlehem Steel edge higher. Downtick trends appear in Chesapeake and Ohio, Colorado Fuel and Iron, and Consolidated AGS with several industrials like Chrysler and General Motors facilitating a cautious market tone.
MENTIONED IN THIS ARTICLE
Allied Chem
American
Amer Water Works
Veveel Aewociatea
Baltimore
Ohio
Bethlehem Steel
Chesapeake and Ohio
Colorado Fuel and Iron
Columbia Gas Oo
Consolidated Ags
Curtias Aglo
Paisie Incorporated
Kennecotter
Radio Corporation
Remington Rand
Republic Prom and Livel
Yal Dateh Liggett and
Mye Mack Truck
National Power and Light
New York Jasene Bdoceconee Eves
New York
Srmiee
Hartford
Armerta
Suab
Pullman
Cities Service
New
St. Louie
San Francisco
Sears Ee
Tae Gimme Petroleum
Sly Binelair
Southern Pacific
BOM Southern Mallway
Southern
California
Stewart Warner
Studebaker Eneter
Texan Company
Ccceerseeenne
Timken Rotter Bearings
United Alrermit
United Cigara
United States Alcohol
Cccce
United States Rubber
United States Stee
Wellehee
Hemienl
Wolfie Cincee Willys Overland
Bond market dull with little price movement in New York
Bond traders reported a quiet session with steady prices and the smallest trading volume in two weeks. Government issues showed slight improvement while foreign sugar bonds New York City Tractions and convertibles drew notice.
MENTIONED IN THIS ARTICLE
New York
United States
New York City
Shubert
Call Money Rates Hold Steady Across Money Markets
New York June 7 call money steady at 7 percent all day. Time loans remain unchanged with 30 day at 8 1 2 percent and 60 to 90 day segments at 8 8 percent. Prime commercial paper at 6 percent and bankers accepts unchanged.
MENTIONED IN THIS ARTICLE
New York
Government Bonds Market Update
New York June 7 United States government bonds quoted with Liberty 3s at 96.8 First 4s at 98.16 Fourth 4s at 98.24 Treasury 4s at 106.18 Treasury 4s at 103.16 Treasury 3 38s at 96.12.
MENTIONED IN THIS ARTICLE
New York
United States
Treasury
Digest of international demand and cable rates snapshot
The data lists demand percentages by country including Belgium 13.88 percent and Germany 23.81 percent, with high figures for Norway at 2663 and Austria 1494. Cables show 5.23 percent, while regional totals cover Italy 3.90 and Japan 43.95 in Tokyo, with Shanghai at 57.54 and Montreal 99.28.
MENTIONED IN THIS ARTICLE
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho- Slovakia
Jugo-Slavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Wall Street Briefs Rise in Failures and May Sales Records
New York June 7.4 Business failures increased slightly in early June with 423 reported by R G Dunn, up from 374 a week earlier and 488 year ago. May sales of 20 leading chain systems rose to 74.1 million, a May high, while J C Penny stores posted 16.09 million in May, excluding recent acquisitions. Allied Aviation Equipment Corp formed as a holding company to absorb aviation parts firms. Joseph Leopold, head of Consolidated Instrument, announced the 1 million share capital.
MENTIONED IN THIS ARTICLE
New York
R. G. Dunn and Company
J. C. Penny Company
J. B. Byars Company
W. J.indsay Company
J. N. MacCracken Company
Allied Aviation Equipment Corporation
Joseph Leopold
Consolidated Instrument Company of America, Inc
Sugar prices steady as futures ease on market day
Raw sugar held steady at the old level of 3.46 with 3.46 duties paid. Raw futures slipped 2 to 3 points from session highs while approximate sales totaled 47,459 tons for July through May. Refiners kept fine granulated at 5.00 with no change.
MENTIONED IN THIS ARTICLE
New York
Poultry and egg market report from New York June 7
Poultry dressed steady and live firm with broilers sold by freight 30 to 42 and by express 25 to 50. Eggs firm with receipts 24 795. Fresh gathered extras 334 33. Nearby henery brown fancy prices range 35 to 39.
MENTIONED IN THIS ARTICLE
New York
Express
Hennery Brown
Butter Prices Steady as Receivers Struggle to Sell
Butter markets in Chicago on June 7 showed prices holding with receivers unable to attract buyers beyond urgent needs. Quotations listed fresh grade 93 score 43 4344 and centralized 90 score 42 percent, with several lots around 41 39 percent and prices near $7.39.
MENTIONED IN THIS ARTICLE
Chicago
Cotton goods market edges higher on firm mill prices
New York June 7 report shows quiet demand for cotton goods with some interest in print cloth as buyers scrutinize firm mill asking prices. Sheetings improve while export demand for colored goods remains limited. Spot raws flat with a firmer undertone. Cables from Calcutta indicate three to four pence sterling rise in burlaps and about ten points currency.
MENTIONED IN THIS ARTICLE
New York
Calcutta
Grain Quotations From Toledo Market Report
Toledo grain prices June 7 show No 3 yellow corn at 94495 with oats No 2 white at 49 and rye No 2 at 1.06. Other grain figures are incomplete in the report.
MENTIONED IN THIS ARTICLE
Toledo
Wheat Prices Waver Amid Harvest Hopes and Gains
In Chicago the wheat market surged to a recent high on farm relief hopes and supply fears but closed unchanged to 2 cents lower as selling to realize profits pressured prices. Corn rose about half a cent, oats gained a fraction, while provisions held steady to modestly higher.
MENTIONED IN THIS ARTICLE
Chicago
Kansas
Baltimore Livestock Cattle Prices June 7 Market Notes
Baltimore livestock report shows cattle receipts at 200 with varied grades. Steers top range 13.75 while good 12.75 and medium 11.75. Herrera line lists 12.50 for choice and 11.00 for good.
MENTIONED IN THIS ARTICLE
Baltimore
Herrera
Commodity prices and livestock bids report
Markets show mixed bids across cattle hogs and sheep. Bulls call for 7.75 to 11.00, cows 5.00 to 9.25, sheep and lambs receipts 500 with lambs 12.00 to 16.25, hogs receipts 300 with lights 11.80 and heavies 11.40 to 11.50, calves 5.00 to 15.00, reflecting varied demand.
Chicago Livestock Prices and Receipts Report
Chicago livestock receipts totaled 23 000 with hogs 15 000 and cattle 8 000. Hogs advanced about 25 cents with top at 11.25 for 160 280 pounds. Cattle and calves steady to higher with slaughter steers 12.75 15.25 and vealers 12.50 15.50. Sheep receipts 12 000 with lambs 16.00 16.50 and yearlings 12.00 12.25. top lambs around 16.65.
Pittsburgh Livestock Prices and Receipts
Pittsburgh Pennsylvan ia July 7 hogs: receipts 2400 steady with mediums to choic e. butchers heavies 11.00 to 11.50, mediums 11.35 to 11.65, lights 11.50 to 11.65, pigs 11.00 to 11.50, packing 9.25 to 9.75. Cattle: receipts 25 steady. steers heavies good 13.75 to 14.75, 950 to 1100 lbs. good 14.25 to 14.75, 800 lbs up to medium 12.75 to 14.25. common 10.50 to 12.75. heifers 850 lbs down good 12.00 to 13.50, common medium 9.00 to 12.00. cows good 9.75 to 11.00, common medium 7.75 to 9.75. low cutters 6.50 to 7.75. bulls good 10.25 to 11.00, cutter to medium 8.25 to 10.25. calves receipts 150 strong to …
MENTIONED IN THIS ARTICLE
Pittsburgh
Jane
Dept. Agriculture
Mustard Defends Role in Bluefield Slot License Action
City treasurer C. H. Mustard defends his handling of slot machine licenses after criticism over licensing decisions in Bluefield. He says he initially declined the license money, then accepted after a letter from John Kee and city attorney approval. The board approved licenses for remaining machines for the fiscal year and directed the attorney to draft an ordinance restricting licenses to scalesa and merchandise-vending devices.
MENTIONED IN THIS ARTICLE
C. H. Mustard
Board of Directors
Bluefield
Muetard
John Kee
Mustard
D. M. Easley
Okeh
Raymond Sanders
Sanders
Livestock Report Prices and Receipts
Vealers 14.50 to 16.00. milk fed choice 10.50 to 11.00. medium 14.00. calls common 6.00 to 12.50. Sheep receipts 500. lambs 80 Ibs down 16.00 to 17.50. 92 to 100 Ibs 14.00 to 16.00. aged wethers 11.00 to 13.50. ewes 120 to 150 Ibs 5.00 to 6.75. springs 16.00 to 17.50. Cull common cattle 5.00 to 11.50. 120–150 Ibs cows 5.00 to 46.75, etc.
Bond Set For Trial In Federal Prosecution
R B Spencer 71 of Anawalt McDowell county posted 5000 bond for next June term in Bluefield federal court on a prohibition violation charge. He was arraigned by Commissioner Thomas H Scott after being arrested at home Thursday. officers found eighty one pints of whiskey on the premises.
MENTIONED IN THIS ARTICLE
R. B. Spencer
Anawalt
McDowell County
George W. McClintic
United States District Court
Bluefield
Spencer
Thomas H. Scott
New Filling Station Nears Completion at Princeton and Monroe
The Standard 611 company nears completion of a new filling station at the corner of Princeton Avenue and Monroe Street. Built on a former residence site, the station will be made very attractive per management plans.
MENTIONED IN THIS ARTICLE
Standard 611 Company
Princeton Avenue
Monroe Street
Baltimore publisher reaches airport after nine hour flight
Van Lear Black, Baltimore publisher, arrived in Allahabad United Provinces after a hot nine hour flight from Karachi. He will stay several days with his airplane crew before continuing to Calcutta, following an air tour from Croydon to Japan.
MENTIONED IN THIS ARTICLE
Allahabad
United Provinces
India
van Lear Black
Baltimore
Croydon
Eng
Japan
Karachi
Calcutta
Harold Lamb to Represent Bluefield District at Scout Camp
Harold Lamb has been chosen to represent the Bluefield district at the regional Boy Scouts of America camp directors training school in Columbus Ohio from June 10 to 15. Kentucky Ohio and West Virginia will be represented. The district jamboree will be July 10 in Bluefield with competitive events and prizes. The area camp is set to begin July 22 with details to follow.
MENTIONED IN THIS ARTICLE
Boy Scouts of America
Columbus
Harold Lamb
Blue Field
Ohio
Bluefield
Kentucky
West Virginia
Boree
Selene Repo
Big Turtle Day at the Busy Bee
Today is Big Turtle Day at the Busy Bee offering a real juicy turtle cone and steak special in Oc. with promotional flavor and focus on a local dining event.
MENTIONED IN THIS ARTICLE
Busy Bee
Produce price report from Pittsburgh market listing
On June 7 in Pittsburgh the U S Department of Agriculture reports cabbage at 60 lb crates 1.50 to 1.75 per unit across 18 cars. Onions steady in 5 cars with Texas yellows 1.75 to 1.90 and whites 2.00 per bushel, plus potatoes steady across 17 cars with Michigan No 1 rurals 2.00 per peck and South Carolina No 1 cobblers 4.50 to 5.00 per barrel.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S&. of Agriculture
Tennessee
Texas
Michigan
South Carolina
Foreign Exchange Rates Reported In New York
The New York market shows irregular exchange patterns with Britain at demand 48 4 percent and 60 day bills on banks at 47 9 percent. France demands 3 90 percent with similar cabling figures.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Fragmented stock ledger items from an energy and utilities page
A jumble of company names and prices appears, listing American Coal Co Ark Natural Gas Bluefield Telephone Cities Service and others with values like 82.00 150.00 100.80 110.0 and 93.00, plus miscellaneous notes such as "Gift Stock" and percentages. The legible items suggest a market or broker's record of holdings and market quotes without coherent narrative.
MENTIONED IN THIS ARTICLE
American Coal Co
Ark. Natural Gas
Blackwood Lumber Co
Bluefield Telephone Co
Cities Serv
Lallybrook Coa
Sterling Re Co
W. van Armature Co
W. M. Ritter Lor
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Indus
By Claude A. Jagger
The
Wall Street Briefs
JoVe
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PY Ahern
England
Kate
Toledo Grain
Chicago Grain
Baltimore Livestock
Chicago Livestock
S. Dept. Agriculture
Choice Idaho
TY Moore
Feature Service Inc
Geeet
Britain
M’manus
Coon
Uvpstairs
Cinty Moore
Mr.jidgs
Oin
Pittsburgh Livestock
Decares
First National Bank
W. VA
Isaac T. Mann
James Ellwood Jones
Lo Alexander
Arthur J. Mactride
J. le Wallace
HH. S. Hawthorne
Fesgeary
Pocahontas Fuel Company
ONE Broadway
Pocahon
Tidewater
Great Lakes
United State
On Co. Po
Lambert
Nertaie
Newsport News
New Bedford
Mass
Salem, Mass
Mystic Wharf
Boston
Portland, Maine
Sandusky
Boston, Mass
New Bedt
Portland, Arsenal
Norfolk, Va
Bluefield, Wa
Cincinnati
Chicago, Iltroit
Morn Coven
Rireet Square
London
E. Engin Trading Tion
Rotterdam
Paioriica
Gundersen A. 8
EB. Pinto Basto & Co, Ltd
Lisbon
Port
Geneva
BY Sidney Smith
Moses Hyman
Welch, W. VA
Ask American Finance md
Turkey Gap Coal
Vera Pocahontas Coal Welch Armature
Wascott Cor
Northfork Finance
Stering Hardware
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