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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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