Wall Street Dives After Margin Liquidation Push
Unloading of weakened margin accounts sent stock prices skidding in one of the year’s sharpest breaks. About 4.65 million shares traded, with U S Steel hitting a new low for the year as utilities and rail stocks slumped. Banks stood on the sidelines as some support emerged for key issues amid broad declines.
MENTIONED IN THIS ARTICLE
New York
U. S. Steel
Bears
American Telephone
Netroit Edison
American Power and Light
Western Union
Electric Power and Light
Laclede Gas
American
Underwood-Elliott- Fisher
Westinghouse
Johns-Manville
Auburn Auto
Houston Oil
J. I. Case
Peoples Gas
American Machine Foundry
Vanadium
Fastman Kodak
Ingersoll Rand
Manhattan
State Attorney General's Office
Bethlehem Steel
Studebaker
Nash Motors
Hudson Motors
Checker Cab
Pullman
Baldwin Locomotive
St. Paul
Lackawanna
Northern Pacific
Baltimore & Ohio
Rock Island
Wabash
Missouri-Kans-Texas
Columbia Graphaphone
Call Money Steady in New York Market
Call money remains steady at 3 percent all day in New York. Time loans show stability for 30 to 90 days with rates around 3 percent, while prime commercial paper remains unchanged and bankers' acceptances hold firm.
MENTIONED IN THIS ARTICLE
New York
Unclear figures listed in fragmented data
The fragment shows multiple time frames and percentages: 30 days 214 2 percent 60 90 days 24 percent 21 percent 4 months 2 percent 2 4 5 6 months 21g 2 percent. No coherent event or subject is identifiable.
Bond Market Averages Show Lapse Amid Stock Liquidation
New York traders focused on convertible and warrant issues as high grade liens fell. Stock privilege issues led turnover, many losing a fraction to over two points. Investment bonds moved listlessly with narrow gains and losses. Government bonds remained firm with Liberty issue highs for the year. Call money held at 3 percent.
MENTIONED IN THIS ARTICLE
New York
United States
Bond Market Mixed as Governments Rally and Treasuries Jump
Trading showed little change in money rates from Saturday while oil bonds drew strong demand among industrials. The foreign list mixed with gains in some German municipals and a firm close boosted three Liberty issues to new 1930 highs as banks bought governments, with Liberty 3s at 100.23 and 4% issues around 102.17 and a sharp Treasury 4146 rise.
MENTIONED IN THIS ARTICLE
Treasury
Foreign exchange rates and international demand figures
New York June 9 lists irregular foreign exchange quotes with Great Britain at 4.85 11/16 dollars, France at 3.923/16, Italy at 65.23 percent, and various country demands including Belgium 13.95 and Germany 23.84 percent. Additional cites include Argentina 38.00 and Brazil 11.67 with Tokyo Shanghai 38.06 and Montreal noted.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Ab Shanghai
Montreal
Government Bonds Closing Prices Report
United States government bonds closed with Liberty 346. 100.23 First 434s at 102.00, Fourth 4%s at 102.17, Treasury 4% at 113.4, Treasury 4s at 108.27, Treasury 3% at 101.14. Market notes indicate steady activity in New York trading on June 9.
MENTIONED IN THIS ARTICLE
Britis Therma
Pocahontas
Pocahontas Fuel Company, Incorporated
Virginia
United States
Broadway
New York
Liberty
Treasury
Flour Prices Steady in New York Market
New York reports flour at barely steady levels in early June trading as buyers and sellers assess supply and demand dynamics.
MENTIONED IN THIS ARTICLE
New York
Poultry and Eggs Prices in New York Market Report
New York prices for dressed poultry show various categories with fresh and frozen options. Live poultry values include broilers and turkeys by express, while eggs list numerous quality grades and color assortments with quoted ranges.
Pittsburgh Produce Market Report Unclear Fruit and Veg Prices
Pittsburgh Produce Market Report shows demand moderate with carloads of apples, cabbage, onions, potatoes and other produce quoted across various origins. Prices listed include New York ruffets, Baldwins and Mississippi crates, Texas yellows, Maine Green Mountains, and regional items with scores and measures.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York
Ben Davis
New York Baldwins
Mississippi
Tennessee
Texas
Maine
Green Mountains
South Carolina
Market report of dairy poultry and meat prices
Readable price list shows dairy cheeses from New York full cream mild to sharp at 26 to 32. Poultry items include live heavy hens 24, broilers 30 to 36, leghorns 16 to 28, and ducks 15 to 24. For dressed meat the hog at 35 and fresh killed full dressed hens at 40 are listed.
MENTIONED IN THIS ARTICLE
New York
Hennery Brown
Hennery
Pacific Coast
Sugar market steady with little trading in New York
Raw sugar remained quiet with no reported sales and unchanged spot prices at 3.27 duty paid. Futures closed mostly unchanged with small gains and limited approximate sales of 16,800 tons. No. 2 contract saw no activity, while refined sugar kept the 4.50 level until further notice despite last week’s 10 point advance to 4.60 being postponed.
MENTIONED IN THIS ARTICLE
New York
Chicago Grain Market Gains On New Building Optimism
Chicago wheat rose 11 1 2 cents to the day’s top on optimism over the Board of Trade building and export activity from North America. Corn advanced 3/4 to 1/2 cent, oats up 4 4 10 cents, while provisions held steady to 2 cents higher amid broader securities setbacks.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
North America
United States
Canada
Cotton goods show slight weakening in gray division bids
New York on June 9 reports cotton goods weakening on lower bids in the gray division. Finished goods of seasonal character sold off in some lines while burlaps stayed quiet due to large shipments ahead of April. Fall men’s wear suitings receive moderate orders. tropicals and silk goods sell moderately.
MENTIONED IN THIS ARTICLE
New York
Grain prices in Toledo market report
Toledo market prices list agricultural commodities for June 9 with values for Wheat Corn Oats Barley Rye and forage seeds. Prices shown include futures and cash quotes with multiple delivery months and quality grades.
MENTIONED IN THIS ARTICLE
Toledo
Pittsburgh Livestock Market Report June 9
Hogs 3,200 steady with Saturday average across grades from heavies at 9.75 10.50 to lights at 10.25 10.85. cattle 1,499 slow with most classes down. calves 1,650 steady with vealers up to 12.00. sheep 3,250 lambs 580 lower, other classes steady, good and common grades listed with price ranges.
MENTIONED IN THIS ARTICLE
Pittsburgh
Celt KY
Chicago Livestock Market Report Close Trade Slumps Across Classes
Chicago livestock sales show Hogs 20 to 25 lower with top at 10.50 and ships around 10.35. Cattle and calves also weaken with dull, uneven trade. fed steers 12.75 to 13.75, cows 5.50 to 9.75, bulls 6.00 to 9.00, vealers in good to choice condition unsettled.
MENTIONED IN THIS ARTICLE
Chicago
Hancock Investments and City Service close at market values
Fragmented OCR lists several Bluefield West Virginia entities including C B Hancock Investments and Cities Service Co with figures such as 7.00, 50.00, 100.00, 75.00 and 120.00 at market. Mentions Pocahontas Fuel Tug River Lumber Majestic Collieries and Appalachian Electric Power among listed stocks with June 9 closing notes.
MENTIONED IN THIS ARTICLE
Neenely Industrial Bullder. CO
Rakeieeerey Ark
Natural Gas
Cnta
Indian Territory
Uminatl Ol “Av
Monte-Vista Park Cemetery
Asko
Essees Majestic Collieries Co
Pocahontas Fuel
Tug River Lumber Co
Appalachian Electric Power
Illumination O
Market Report on Stocker Cattle and Sheep Feeds
The note lists prices for stocker and feeder steers and sheep including fat natives and lambs. It shows varied quotes from 6.75 to 13.00 for different weight grades and qualities with several ranges and references to common and medium categories.
Wall Street Briefs: New Financing for Power and Gas Firms
New financing of 10 million dollars via 100 000 no par cumulative 6 preferred stock priced at 100.59 yields about 5.95 percent. RB Williams says Cooper-Bessemer expands Mt. Vernon Ohio and Grove City Pa plants adding 250000 dollars in equipment. Columbia Gas extends common stock deposit for United exchange. Philippe Petroleum to build its 49th natural gasoline plant in Hobbs field Lea County New Mexico costing about 750000 dollars with 40000000 cubic feet of gas daily and 50000 gallons of natural gasoline daily.
MENTIONED IN THIS ARTICLE
New York
Electric Power and Light Company
RB. B. Williams
Cooper - Bessemer Corporation
Mt. Vernon
Ohio
Grove City
Phillipe Petroleum Company
Hobbs Field
Lea County
New Mexico
West Virginia Briefs Summary
Martinsburg death by suicide of 25 year old Chaney in Baltimore noted. Clarksburg bus line to open Wednesday between Clarksburg and Washington DC. Grafton Evening Press makes first appearance. Charleston canoe death after morning flirtation involving 23 year old Crookebanks and an unidentified girl. Romney and Keadle file for Democratic nominations in 1st and 5th districts. Williamson committee named for funeral of Robert F Kidd. Charleston tax official sues to interpret gross cases tax on undertakers. Morgantown unidentified man found in Deckers Creek today.
MENTIONED IN THIS ARTICLE
Martinsburg
William F. Chaney
Baltimore
Clarksburg
Clarksbura
Washington, D. C
Grafton
Grafton Evening Press
Democratic Daily
Charleston
Charles Crookebanks
Robert L. Romney
Follawsbee
R. L. Keadle
Union
Monroe County
Williamson
Mont & White
Senate
Robert F. Kidd
T. C. Townsend
Morgantown
Deckers Creek
Case Cade
Funeral Yesterday for Mrs G B Smith at Swords Creek
Funeral services were held at Swords Creek Virginia yesterday afternoon for Mrs G B Smith mother of Bert Smith of this city who died Saturday night after a prolonged illness. Mr Smith a chief clerk to Andy Morrissey chief dispatcher of the Pocahontas division of the Norfolk and Western railway was at her bedside when death occurred.
MENTIONED IN THIS ARTICLE
Swords Creek
G. B. Smith
Bert Smith
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Standard Statistics Co
R.R
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Seeeeteves Coosees
Armour
O Atchison
Atlantic
Ban
Arnedall
Bethlehem Teel
GO Brige Mfg
Canadian Pacific Mar Scteeesenseree
Chicago Northwestern
Chica
FUL
Commonwealth
EOC
SOS
EES
Dupont Csssteseeses
Eeennee
Eastman
Kelly Kennecott
Kolster
Krogers Tee
Liggett and I
Mexican Seaboard
Missouri Pacific Ward
Nat Cash Reg Cam
NY Cent
Pan
Cnet Tene
Nnnenee
Penn RR
Sveseeses Ween
Reading
US Steel
Warn Brosane
BY Ahern
Mador
R.R. Util
Mease
James Elwood Jones
L. Alexander
Ntion
McBride
Mer Sale
Avian Gawthorne
Secre Pocahontas Fuel Company
Tidewater
Grea Lakes
Pocahontas Fuel Company Incorporated
REO A
Matin St
Boston
Mass
Board of Trade Bidg.ma
Cincinnati
Traction Building
Portland
Maln
Pocahontas Wharf
Tour Moulton
Bluefield
NEW Reedpfors
AASS
Gillman Street
Lambert's Point
Sewell’s Point
Norfolk
Newport News
Gunkeree
Great Lakes
Sandusky
Nto
London
Moxey, Savon & Co. Ltd
Lime Street Square
England
Henry Cork & Clerc
Piaszi S. Matteo
Genove
Pocahontas Fuel Co., Inc
N. Y
Uvocahontas
Walting
Scott
Lieher’s
Chicago Grain
Pittsburgh Livestock
Chicago Livestock
C. B. Hancock Investments
West Virginia
First National
BY Sidney Smith
Chester
Merci
Beaucoup
Scooge
Wall Street Briefs
Columbia Gas and Electric Corporation
United Corporation
Columbia Gas
United
Tate — Pederal
Raseey Mineov
First National Bank
Bluefield, W.va
Theveing Anz
Carl Francis Johann
Franz
William XIX
Belene
BY Martin