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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 09, 1932

Page

9

Bonds Maintain Good Undertone Despite Market Slump

New York markets closed with bonds under pressure but holding a steady undertone. Stocks slipped as Brooklyn-Manhattan and other issues fell, while U S Steel traded near its 1921 low amid weak May steel output and easing raw material prices. May auto production rose 20 percent from April, driven largely by Ford and a dip in General Motors May sales.

New York Brooklyn-Manhattan New York City Wall Street American Telephone Pacific Telephone Western Union Peoples Gas Consolidated Gas of Santa Fe Union Pacific New York Central Norfolk and Western U. S. Steel American Can Bethlehem Case Allied Chemical Woolworth Westinghouse American Tobacco National Biscuit General Foods du Pont Ford General Motors U. S. Steel Corporation

Bond Market Mixed After Five Regions Rise

In New York on June 8 the bond market showed a mild reaction with railways leading losses while industrials and utilities edged higher. Trading was quiet at 9.48 million dollars in sales and corporate loan averages slipped two tenths. Uncertainty over relief legislation in Congress unsettled prices.

New York Congress

Prices Drift Lower On New York Curb Market

Prices eased on the New York curb market with leaders down fractions to about 2 points. Turnover reached 110000 shares, as brokers noted selling due to anticipated relief legislation in Washington, with some bankers finding the news reassuring. Utilities bore the brunt of the limited selling amid tax-rate fears linked to power costs.

New York Washington

Hancock Investments Signals Market Moves in Utilities

C B Hancock Investments notes Cities Service 6 percent preferred at market and Alachelectric Power 87 preferred at market. Cities Service common closed 2 percent on June 8.

Cities Service Alachialectric Power Company Cities Service Common

Stock Exchange Directory Listing Expanded Roles

A historical stock exchange notice outlines organizations and offices including the New York Stock Exchange New York Cotton Exchange New York Curb Exchange Oileago Board of Trade with management contacts James E. Mann Manager and Jack R. Younger Assistant Manager adding a telephone line 1800 for inquiries.

New York Stock Exchange New York Cotton Exchange New York Curb Exchange Oileago Board of Trade Hichmond Stock Exchange O. L. Alexander Marty Bowen James Eilwood Jones

New York Poultry Market Report Shows Steady Prices

New York June 8 Dressed poultry steady. Pen and broiler prices stable with mixed colors and standard weights. Egg prices unchanged with white and brown eggs in Western standards at levels near prior quotes.

Jersey City Livestock Prices Report

Jersey City livestock market notes steady to firm with cows at 2.50 to 3.60 per pound and vealers around 4.60 to 6.60 for various grades. Sheep and lambs listed with good to choice ranges, cattle and calves also shown with direct sales totals and price bands.

Jersey City

Pittsburgh Livestock Market Roundup June Report

U S Department of Agriculture notes Pittsburgh livestock results with mixed changes. Hogs steady to 5 higher, light weights 160 180 pounds fetch 3.80 to 4.00, heavy 260 285 pounds around 3.10. Cattle around steady, steers 900 1300 pounds 5.85 to 6.60, heifers 550 850 pounds 6.00 to 6.65, cows 2.85 to 4.00. Calves 300 dollars, veal calves milk fed 5.00 to 6.00, lambs near steady, yearling wethers 91 110 pounds 3.00 to 5.00.

Pittsburgh U. S Ciena

Chicago Livestock Prices Across Cattle Sheep and Hogs

June market summary from Chicago shows hog receipts around 21 000 with direct 5 000, top 3 50. Pigs mostly 2 76 to 3 15 per hundredweight. Cattle and calves total around 9 000 and 2 000 with varied weights and prices. Sheep and lambs 7 000 with lighter demand and tops near 7 25 for lambs.

Price Rally Triggers Expectation of Further Action

Authorities favored a stronger response after a sharp price rally. United Light and Power convertible preferred shares fell 5 percent after the company skipped yesterday’s dividend payment.

Thorities United Light and Power

Wall Street Briefs and Market Notes

It is understood the American Hide and Leather bank loan total is under 400000 compared with 500000 in May due to lower inventory and weaker price levels for hides skins and leather. L A Young Spring and Wire may keep its 1 yearly dividend as earnings are expected to cover it. Barr Brothers and Company won 1000000 of Maryland 4 percent bonds due 1935 47 at 104 799 with about 3.99 percent interest cost.

New York American Hide and Leather Company L. A. Young Spring and Wire Company L. A. Young Barr Brothers and Company, Inc State of Maryland

Foreign exchange rates at New York on June 8

Irregular foreign exchange rates list demand and cables for currencies worldwide. Rates shown include Great Britain 3.67 and 3.6744, Italy 5.1814, Belgium 13.95, Germany 23.72, Japan 32.44, Canada Montreal 86.8749, Mexico City 27.15, with notes that demand rates are nominal.

New York Great Britain Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spato Portugal Greece Poland Czechoslovakia Jugoslavia Austria Rumania Argentine Brazil Tokyo Shanghai Montreal Mexico City

Sugar prices drift in quiet New York market

Raw sugar steady with an easier undertone as buying stayed light. Quotes ranged with July at 0.63 and May at 0.87 per pound while December reached 0.76 and January 0.78. Refined sugar fell 5 points to 3.70, others unchanged at 3.75.

New York

Flour Figures on New York Market

A June 8 report from New York notes flour prices unchanged in early trading with no clear shifts. Market observers cite steady demand and steady supply as factors supporting stability.

Dry goods market steady with fair demand in New York

Cotton goods held steady with fair demand for gray goods Wash fabrics and printed goods selling in moderate lots Knitters showing more interest in dull lustre rayons Burlaps barely steady in New York on June 8.

New York

Toledo Grain Prices on Track as Wheat and Corn Shift

Toledo grain prices for June 8 show No. 2 Red wheat at 44.44 to 45.46 dollars per bushel and No. 1 Red at 45.14 to 46. Wheat prices move while corn No. 2 yellow stands at 27 to 28 dollars, No. 3 at 26.14 to 27 dollars. oats and seeds unchanged.

Toledo Toledo Grain

Wheat Prices Fall as Chicago Market Shows Nervous Turn

Prices weaker than quotes on wheat from the United States with Chicago closing nervous. Wheat trades at TM% 1% under yesterday, corn down 45 %, oats down to 4 with an advance, and provisions vary from a 12 cent setback to a 2 cent rise.

United States Chicago

Cincinnati Produce Market Report

Cincinnati produce notes from June 8 show eggs at 14 cents for extra large and 12 cents for nearby ungraded, with prices likely reflecting the day’s modest trading and supply conditions.

Cincinnati

Pittsburgh Produce Market Report

Pittsburgh June 8 report shows moderate demand across produce. Apples in 10 car lots mixed. New York Russets 2.75 per bushel, Baldwins 1.15 25, Russets 1.00. Cabbage 12 cars steady to slightly stronger. 60 lb crates Tennessee 2.85-3.90. Potatoes 63 car lots weaker. Louisiana Triumph 1.60 75, Carolina Cobblers 2.25-3.00. Nearby fruit 124% 13, fresh extra 1844 14, hens’ egg whites 14 15, southern Ohio and Kentucky 114.

Pittsburgh U. S New York Hennery White Ohio West Virginia Kentucky

Chicago Grain Downward Trend Dampens 1982 Wheat Prospects

Chicago on June 8 reports futures slipping below 60 cents a bushel for the new 1982 crop with prices near historic lows except for last October. Demand from speculators wanes while buying power shrinks as Canadian wheat offers abroad apply ceiling pressures.

Chicago

Baltimore Livestock Market Report June 8

Cattle on steady trade with steers at 5.50 to 6.00 for medium to good and up to 6.00 for good to choice. Bulls and cows vary 3.25 to 4.50 for medium to good. Sheep and lambs mixed, spring lambs up to 7.00, hogs steady with lights 3.90 to 4.15 and heavies to 3.80. Calves steady with good to choice 5.00 to 6.00.

Baltimore

Trade Trends In May Sales Down 13.7 Percent

The first 23 chain store systems and mall order companies report May sales totaling 98,652,776 dollars, down 13.71 percent from 115,494,746 dollars for the same month last year. The Standard Oil Company of New Jersey is expected to announce a gasoline tank car price increase on the Atlantic seaboard. United States Steel is forecast to release May tonnage figures showing another drop, possibly 150,000 tons.

Associated Press Atlantic Seaboard Standard O! Company New Jersey United States Steel Corporation

Davis and Elkins College Grants 51 Degrees at Commencement

Fifteen degrees and diplomas were awarded during the Davis and Elkins college commencement. Dr. Robert L. Kelly of New York urged students that religion and education are the two vital factors to lead the nation from a low mood into a path of progressive American life.

Elkins Davis and Elkins College Robert L. Kelly New York

Treasury receipts and expenditures report

Treasury receipts for June 6 totaled 6 183 041.77 with expenditures of 40 241 670.74 and a balance of 288 096 305.05. Customer receipts for six days amounted to 3 279 680.41.

Washington Treasury

News of the Colored People Events at Local Churches

Community notices cover a night school program at Scott Street Church with Mrs. R P Simo delivering a closing address. Room and board for summer school attendees is four dollars weekly at 18 Church Street. Various society meetings and a Men’s Club program are announced for Blake Chapel and North Side United Holy Church, with times and host households listed.

Scott Street R. P. Simo North Side United Holy Church

Missionary Society Meetings Planned Across City Churches

The Missionary Society of John Stewart M E church will meet with Mrs Lizzie Roberson Williams street this afternoon at 830. They plan a women's day service for the Fourth Sunday in July with representatives from all city churches. The Women’s Missionary Society of Edwards Memorial Presbyterian church meets at Mrs A L Coleman 319 Marshall Street at 730 p m.

M.S The Women's Missionary Society of the Edwards Memorial Presbyterian Church A. L. Coleman Marshall Street Sp. m

Children Day Program At Bethel A M E Opens At 3:30

Bethel A M E Sunday School presents its children day program at 3 30 this afternoon led by Mrs Clarkston Mrs Whitehead and Mrs Grubs. The entire Sunday school participates in the program with the younger children performing songs and readings and flowers on display.

Bethel A. M Meadames Clarkston, Whitehead and Grubs

Athletics Thump Cleveland Tribe In Rough Contest

Pitching and hitting woes mark the game as Lyons and Burke drive early offense while Daggett and Dinneen share mound duties for the Athletics. Brown beats Boston 11 to 4 with Jolley and Goslin homering for St Louis. McManus, Pickering and declines feature in the Red Sox lineup.

Lyons Burke Tyons Hite Dagfa Brown Dagtia Lasaing Eee Mee Dinneen Inyo Browns Boston St. Louis St. Louis Boston Red Sox Jolley Goslin Pyne Watwood Rfef McManus Oliver Csv Pickering Connolly Kline Russell Escove Cove Lisenbee Xvann Camp Lianiekoth St, Louis ANK Ferre Melillo Stort Levey Hebert Pooo Gray Verve Borton Goalin Campbell Schulter Ferrall Storti Webb Merre Burns Schulte Posits Jous Coalin Perre’s Mello St. Jous Balle Kilne Lus

Hebert and Guthrie Shine in Long Stint as Pitchers Dominate

In a tight game headline names Hebert and Guthrie stand out as pitchers. The tied score earlier gives way to dominant innings highlighted by strategic plays and strong defense.

Yankees Top Tigers In Close 5-4 Game

The Yankees led by Babe Ruth and Lou Gehrig beat Detroit 5 to 4. Ruth hit his 17th homer in the first inning and Gehrig added his 12th four bagger in the seventh to drive all New York runs. Vernon Gomez struggled with control, issuing nine walks despite five hits and 15 strikeouts. Billy Rogell homered in the fifth to keep Detroit in contention.

Detroit Jumé Yankees Babe Ruth Lou Gehrig Vernon Gomez Tigers Ruth Gehrig New York Babe Lou Gomex Billy Rogell

Veterans prepare to march on Washington from Huntington

About 40 veterans gather in Huntington to join a planned bonus march to Washington. Led by Herbert J. Brown, they intend to travel via Williamson Welch Bluefield Roanoke and Lynchburg recruiting along the route.

Huntington Washington Herbert J. Brown Williamson, Welch Bluefield Roanoke Lynchburg

Remaining Ohio mounds may be saved by state

Newark Ohio June 7 The last ceremonial Hopewell mounds in Ohio could join the state park system. Early settlers found a two square mile area with over 12 miles of earthworks most razed for town lots leaving the octagonal and circular mounds at the Country Club and the great circle mound at Moundbuilders park.

Newark Ohio Country Club Grat Circle Mowndbuilders Park

Government bonds steady as markets close in New York

United States government bonds closed with Liberty 3448 at 100.19 and Fleet 448 at 20-20. Fourth 4s of 88-38 traded at 102.8 while Treasury 4s of 1948 stood at 193.8. Treasury 46 and Treasury 3s hovered near 100.24 and 96.16 respectively with slight variations.

New York United States Liberty Fleet Treasury

Money market rates steady with modest gains in paper

New York traders reported steady call money at 2 percent for the day and time loans largely unchanged. Thirty and ninety day bills show minor shifts with small increases. Prime commercial paper remained at 2 percent, bankers acceptances unchanged.

New York

Coffee futures slip on global selling amid Brazil export ease

New York notes ongoing decline in coffee as local and foreign selling accelerates. No 7 contracts open soft and close down 11 to 186 points, Santos slips 6 to 18 points, spot price remains easy. Closing quotes show July No 7 at 6.32, Santos July 9.27, ranges listed for several contracts. Sales totals 6,000 and 13,090 for different markets.

New York Brazil Santos Salee

Butter Market Notes Incomplete Report From Chicago

Fragmentary OCR text from a Chicago butter market page provides numbers like 93 174 17 percent and 92 with various percentages. details are garbled and unreadable for a clear price or date. The readable elements suggest commodity quotes without coherent context.

Also Mentioned on This Page

Standard Statistics Co Ind. R.raut Ty Otis Elev Adams Express Air Reduction Pac. Gas and Wies Alseka Juneau Oy Tio Eaes Pac Oheneee Ftan General Amer Ponnaviveste American Locoeebeeee General Asphalt General Eiectricott Af American Rolling Millar General Gt Proctor and Game Public Service Pullman American Steel Fay Gillette Thadio Coron Repubile Mteei Vonda Corp Reynolds Metalseenee Armour Reynolds Hershey Ike F. Ky Houston Atlaa Hupp Motors Sears Roebue Auburn Auto Sinola Central Shattuck Win Loco Harvester Socony Vacuum Balto Eety International Edieon Baweaee Nicke Bendix Aviation Bh Int Tel Southern Pacific Og Best An Co. Saver Jona Manville Southern Railway Lehem Wwden and Co Kennecott Booklyn Man Trans Broooklyn-Anson Lambert Eke Lehn Shu Stewart Warner Chie Northwestern McKesson and Robbins United Aircraft One Chrysie Commonwe Ealth Paragma Ty Geol Gas Wbiec Mexican Seaboard Pet Ty Pipe Gomamerdia Kan Texas Montgomery Wwaa Stee Continental Baking A Mullens Mfg Nash Motors Continental Oiweer Biscuit Gerner Hotures Continental Lisuranc Warner Tor Ucts Western Marylan Curtias- Winweer Distillers Ub Curtise- Wright A Nat Steel Ee Westinghouse Airbrake Delaware and Hudson N. Y Ind R.R C. B. Hancock N. Y. Stock Exchange Bryan, Kemp and Company West Virginian Hotel Bluefield, W. VA Memers James E. Mann Jack R. Younger NEW York Poultry Broilers Telent Express Expreas Roostera Freight Expresa Ster Hes Express Ducka Freight Cesca Jersey City Livestock Pittsburgh Livestock Chicago Livestock Wall Street Briefs Cincinnati Produce Chicago Grain Baltimore Livestock News OF the Colored People Church Street W. We & FP. Soctety W. Hi. and Foreign Missionary Society Blake Chapel A. M. E. Zion Mra Eva George Bowser Street J. A. Walker Powtor W. M.S Women's Missionary Soc ¢Y Lucy Withers Dora Downs Cleveland Tribe Wel Kiine Agere YANKS Maul Tigers Combs Pak Powell Seeree Genelg Petewene Pean Lanser Cronett Gomes Rogell Weleevied Esare Gehringe Walker Lawrence Traveee Schuble Law's Dottone Roella Comba Haywort Bione Roger Gehringer Gomez Whitettit Hogsett Whitehill Inc Jini Whitehil Ampres — Nalin Nh Grafian Constance Bennett and Ben Lyon George Surey Washington Harlem Buffalo Bill Pocahontas Fuel Company ONE Broadway Pocahontas Tidewater Great Lakes Atlantic Coast Jaubert's Point Sewall's Amt Newport New Bedford Mass Satem Mase Mystic Wharf Portland, Maine Mae Sandusky Viedo Portland, Cluctonail Boston, Mess Maine Norfolk, Va Bluefield, W Detroit, Mich Moxey, Savon & CO. Ltd Lime Street Square London Lt. C England Coal Trading Association Rotterdam Pileverick Gundersen N Pinto Basto & VO. Ltd Lisbon S. A. Con Fomeltini Genoa ART IN Drottninggatan Slogkhulm Aktiebolaget Bergbrun Gotherburg Freckles Blosser Tag Pop Himgele Poodle Gantralinea Civisie Yinard Ontino Henrietta Svaine Sant Bron Serpent BY Sidney Smith Ley
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