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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 09, 1938
Page
9
Market updates show various poultry prices per pound and package sizes across categories. Chickens, broilers, fryers and roasters command ranges from 17 to 29 cents in fresh and frozen forms with live poultry by freight firm. turkeys quoted at 25 cents for hens. ducks and eggs listed with mixed color grades and premium marks noted for nearby and midwestern markets.
Judge A C Buchanan names Mrs B W Stras Carlyle Tees and Harry W Bane to compose the Tazewell county welfare board. They will supervise the welfare office and report funding needs to the board of supervisors. A superintendent will be appointed and Miss Eula May Armstrong is expected to be renominated July 1.
Tazewell county board of supervisors met at the courthouse to hear requests from Bandy and Poor Valley delegations for road improvements and inclusion in the secondary system. A WPA grant was announced to supply dishes and utensils for Cedar Bluff school lunch service next year.
Richard Rowan Parsons of Bramwell received his A B degree from West Virginia University in the 1937 summer session, not in this week's class. Charles Hodges, president of the West Virginia state senate, was elected head of the University Alumni Association. Parsons is a son of Mrs. R L Parsons of Bramwell.
In New York on June 8 the bond market softened with rails down and industrials dipping slightly. U S governments finished about four and one eighth points higher to five thirty seconds lower, while utilities held steady and foreign bonds rose modestly. Volume totaled $4,158,300 face value versus $4,738,300 yesterday.
Cattle 225, calves 50. Steers steady, low cutters 4.50 to 5.75, cows 6.50. Heifers 9.50, plain 7.00 to 9.00. Hogs 250 head, good and choice 140-200 lbs 9.15 to 9.40, 210-240 lbs up to 7.79, 250-300 lbs 8.50 to 9.50, sows 7.10, stags 6.50. Sheep 550, lambs 40 higher, ewes and wethers 11.00, bucks 8.00 to 9.00, slaughter ewes 3.50.
An early June market report shows slight demand moderation for produce with 6 carloads of apples and 35 cars of potatoes trading near steady. Notable items include Georgia Henry Clays at 1.50 to 2.00 per bushel, Illinois Transparents 2.85 to 3.00, New York Baldwins 1.00, Virginia Delicious 1.25, and North Carolina copplers 1.65 for 100-pound sacks. Butter remains firm with nearby 92 score extras 25 percent standards 25 percent 89 score 23.44 and 88 score 22 percent. eggs cheese and poultry unchanged.
Government bonds yield data with multiple Treasury issues and rates. Notable items include Treasury 3% bonds at around 110.2 and 108.11, Treasury 2% at 103.6, and Fed Farm-3s near 106.9. New York June final quote shows varied prices across maturities and Home Own Loans at 103.6 to 106.11.
Poised for readers, an Abbott Proctor and Paine listing shows quotations and brokerage contact lines including James E Mann and Wilson and Co. The fragment references members at 507 Raleigh St and Youngstown exchanges, with stray figures like 3 percent and truck mention, hinting at a brokerage service advertisement.
The search for 4 year old Victor Shinoski who drowned two weeks ago in the Blackwater river near Parsons West Virginia was abandoned. Sheriff Stark Coberly said strong currents may have carried the body far downstream.
Chicago cattle and hogs show mixed results with hogs steady to firm in spots up to 11.00 top for some lots, while cattle steady on prime and choice grades but slow on lower value types. Calves and sheep volumes rise with varied prices, 9.25 to 11.00 top for cattle, and lambs marked weaker early but claws of strength in later sales.
In New York on June 8 the dollar rose against most European currencies with close rates: Great Britain around 4.966 in dollars and 4.955 in cables, France 2.77, Italy 5.244, Belgium 16.92, Germany 40.19, Hongkong 30.93, Tokyo 28.90, and other listed cross values. local Montreal and Montrea quotes given.
In New York on June 8 the curb market moved unevenly with a few issues led by industrials gaining a point or more. Pittsburgh Plate Glass rose to 67, Selby Shoe, Cheeseborough Manufacturing to 100, and Lockheed Aircraft to 11. Duke Power advanced 5 to 59 while losers included Van Norm Machine Tool at 19 and Aluminum Co selling at 56.
Lancaster Pa June 8 cattle 717 steers steady cows good demand bulls fair demand stockers and feeders better grades firm calves 236 demand fair good and choice steady 10.50 to 11.00 hogs 445 steady with top locals 9.25 to 9.59 sheep 356 lambs steady local wet lambs 10.00 to 10.60 clips 8.25
New York trading shows no change in raw sugar with a late yesterday drop of 3 points following shipments of 15 000 Puerto Rico bags and 9 999 Philippines bags for June arrival at 2 70. No. 3 refined closed 2 to 5 points lower. refined sugar down 15 points to 4 40 due to a new refiner.
Grain on track with 26c rate basis. Wheat No 2 red 71471% No 3 680%72''4. Corn No 2 yellow 65%56% No 3 54%55%. Oats No 2 white 28 29% No 3 257 28%. Grain in store and transit. wheat 5 5%c above track. corn 4 %c above. oats 2 gc above.
New York dry goods markets showed activity with many cloths easing in price. Finished goods demand was spotty while raw silk dropped two cents per pound, boosting orders from hosiery makers. rayon yarns slowed and wool goods sold moderately. Burlap stayed quiet and steady.
Traders faced an extremely slow market as investors stayed away for vacations. Activity slowed to a crawl with many players absent, and a cautious mood pervaded the floor.
June 8 report notes a vacation mood tightening market moves as 278 410 shares change hands on the New York Exchange. Major industrials advance little while buyers pick selective gains on hopes for autumn business, with aircraft steel and shipbuilding among leaders. Owens Illinois Glass weak 2, others like Douglas Aircraft Allied Chemical Westinghouse Eastman Kodak gain.
White Ribbon remedy claimed to stop drunkenness and is sold for two dollars at Goodykoontz Drug Company. A single box allegedly cured a man of twenty years’ drinking in one day, with the product usable in coffee tea or milk.
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