Market Opens Up Then Sags as Dividends Cut
New York stocks show morning gains fading to moderate afternoon losses. Western Electric cuts its dividend. American Telephone slides after its subsidiary’s dividend reduction. Ingot production steady at 40 percent capacity per American Metal Market. Rail shares hold up better with Eastern lines pushing for higher freight rates before the Interstate Commerce Commission. Names include American Telephone, Westinghouse, General Electric, Bethlehem, United States Steel, and Union Carbide.
MENTIONED IN THIS ARTICLE
New York
Western Electric
American Telephone
Telephone
Steel
Bethlehem
American Canvas Down
Eastman
General Electric
General Motors
Union Carbide
Allied Chemical
Anaconda
Consolidated Gas
Radio and Westinghouse
Bond market reports steady US issues and mixed gains
New York on June 9 high prices and moderate trading characterized the bond market. Gains were concentrated in Latin American, railroad, and German utility issues with mixed results among industrial and municipal bonds. Public utilities and industrials stayed steady while government loans moved narrowly.
MENTIONED IN THIS ARTICLE
New York
United States
Hancock Investments and Coal Firms Move, CLOSED DATES Noted
The listing shows Hancock Investments in Bleefield WV and American Coal Co with market actions. It notes Black Coal and Coke, Mullena Grocery, and Wasderental Trust Shares with small amounts and mentions two closing dates in June as per market notices.
MENTIONED IN THIS ARTICLE
American Coal Co
Black Coal & Coke Esresreneseates
Blackidan’ Com
Mullena
Wasderental Trust
Jomimon
Indian Courtery
Foreign exchange rates and demands listed in New York
The report shows global currencies and bids in dollars and cents with demand figures for many nations. Key entries include Great Britain at 4.867/16 dollars with cables 4869/16, France 3.91 percent and 3.919/16, Italy 6.23 percent and 5.239/16, Belgium 13.92 and Germany 23.72, plus regional figures for Holland Norway Sweden Denmark and others. Additional notes cover Argentina 30.8714 and Mexico City gold peso 49.25.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Mexico City
Call Money Rates Steady Across New York Market
New York June 9 call money at 1 percent all day with time loans steady at various maturities. Rates for 60 days 1 1 percent, 8 to 4 months 1 1 percent, 2 to 5-6 months 1 1 percent. Prime commercial paper at 2 2 percent, bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Treasury Receipts and Expenditures Report
Treasury receipts for June 6 totaled 6 017 516 73 with expenditures at 13 595 632 91 and a balance of 68 144 091 62. Customs receipts for the month through June 6 amounted to 6 572 467 55.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Dry Goods Market Report From New York June 9
Cotton goods weakened with 38 percent inch 64x60s print cloths selling at 4.5 percent center, the lowest in years. Unfinished goods steady in moderate volume but irregular prices. Burlap prices unchanged as local markets dull. Rayon in fair demand, acetate yarns in strong request. Dress goods more active. silk showed change.
MENTIONED IN THIS ARTICLE
New York
Butter Prices Steady with Minor Drops on High Scores
Butter markets in Chicago on June 9 held overall steady with 89 and 90 score butter down by a fraction of a cent. Fresh grades showed 93 at 22 or 23, 92 at 22, 91 at 21, 90 at 20 1/2 and 89 at 20 1/2 percent, while 88 and 87 also near 20 percent. Centralized 90 score was 22 percent and 89 at 21 percent.
MENTIONED IN THIS ARTICLE
Chicago
Raw sugar rises on New York market gains
Raw sugar advanced about 1.16 of a cent in New York with futures firmer and final prices up to 2 points higher. About 30,950 tons were sold, with July at 1.24 cents, September 1.40, December 1.42, January 1.47, March 1.54, and May 1.54 cents. Refined prices were unchanged.
MENTIONED IN THIS ARTICLE
New York
Flour News Update From New York June 9
Flour prices hold steady in New York trading notes amid market calm. Authorities report unchanged futures as buyers await guidance, with analysts citing steady demand and balanced supply in the early session.
Cincinnati Produce Market Summary
Cincinnati, Ohio June 9 report shows Fegs quiet and steady with 16 extra firsts, 14 percent firsts, 14 percent seconds, and nearby ungraded at 15 percent, reflecting market tone and pricing.
MENTIONED IN THIS ARTICLE
Cincinnati
Ohio
Pittsburgh Produce Prices and Demand Report June 9
U S and Depts Agr note slow demand for produce in Pittsburgh. Apple prices steady with New York Baldwins at 2.15 to 2.25 per bushel basket and Russets at 1.50 to 1.65. Cabbage: Mississippi 2.26 to 2.50 per 100 lb crate, Tennessee 1.65 to 1.75, Virginia 1.75 to 2.00 per barrel. Onions steady with Texas yellows and whites 1.00 to 1.25 per bushel crate, 50 lb sacks 1.00 to 1.50. Potatoes about steady. Bliss Triumphs 1.65 to 1.75 per 100 lb sack. Cobblers 2.50 to 2.75 per barrel. Green Mountains old stock 1.0 to 1.0 per 100 lb sack. Butter, eggs, cheese unchanged. Poultry prices: hens 20 to 21, leghorns 17 to 18, broilers 22 to 23, springers 18 to 20, colored broilers 24 to 25, old roosters 11, ducks 14 to 20. dressed poultry unchanged.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
New York
Alabama
Bliss
North
South Carolina
Green Mountains
Wheat Prices Dip on Bank Suspensions and Alberta Rain
Chicago wheat markets softened after the suspension of 13 Chicago neighborhood banks and widespread rains in central and northern Alberta. A crop official said the Alberta moisture would help the region for about a week, with forecasts calling for additional relief.
MENTIONED IN THIS ARTICLE
Chicago
Alberta
Canada
Exchange Quotations Managers Listed in Richmond Area
James Fe. Mann of Bluefield West Virginia is named manager for the New York Stock Exchange and the New York Curb Exchange while Jack R. Younger serves as assistant manager in Chicago. The notice also lists the Richmond Stock Exchange and the New York Cotton Exchange with regional contacts and locations in Bluefield and Chicago.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
New York Curb Exchange
Richmond Stock Exchange
Isaac T. Mann
James Plwood Jones
O .L. Alexander
Arthur J. ManBride
Gales R. L. Wallace
H. R. Hawthorne
Grain prices mixed as drought fears loom
Market notes show wheat dipping about 1 cent to roughly 4 dollars per bushel while corn and oats drift with minor moves. Provisions hold steady as overall demand remains cautious amid ongoing drought concerns impacting agricultural outlook.
New York Poultry Market Report June 9
New York poultry market shows steady eggs at 51 to 314 per dozen in New York and nearby districts. Mixed colors unchanged with white hens closely selected extra 23 to 26 cents, average 22 to 22 cents, dressed poultry firm with fresh chickens 25 to 27 cents and frozen 23 to 37 cents. Live fowls and ducks steady. freight and express prices range 19 to 23 cents for various deliveries.
MENTIONED IN THIS ARTICLE
New York
Freught
Express
Pittsburgh Livestock Prices and Market Report
Hogs and cattle values listed for Pittsburgh on June 9 with buyers reporting 300 head of hogs. Prices span light to heavy weights from 6.00 to 7.50 for cattle and from 1.25 to 9.00 for lambs, with calves and vealers varying by weight and grade. Sheep and lamb readings show steady or easing movement, with weekly close trends noted.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S. Dept
Toledo Grain Prices Reported for June in Toledo
Toledo Ohio June 9 cash grain on track with a nominal 284 cent rate point. Corn No 2 yellow listed at 554% with 56% for seeds in warehouse unchanged.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Chicago Livestock Prices See Mixed Steps Across Markets
Chicago June 9 report shows cattle and hogs uneven, with fat futures softer but veal strong. Hog totals near 22,000, weighted by 170 to 250 lb ranges and top bids around 6.55, while cattle receipts reach about 7,009 with vealers rising and yearlings easing. Bulls, cows, and feeders display broad spreads as buyers hold cautious stance.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept
Lamba
Idaho
Baltimore Livestock Prices and Receipts Report
Baltimore market receipts include cattle at 80 head with ranges for steers bulls and cows across quality grades. Sheep and lambs show good to choice and medium ranges, hogs listed with lights heavies mediums and roughs, calves at 4.00.
MENTIONED IN THIS ARTICLE
Baltimore
Trade Trends Copper and zinc prices steady amid soft steel demand
The Associated Press reports copper buying remains light in the domestic market and moderate abroad with copper delivered at 9 1/2 cents. Steel demand shows little change with production cuts already in place. zinc prices firm at about 3.25 cents per pound in East St. Louis for prime western, versus prior 3.20 to 3.25 cents.
MENTIONED IN THIS ARTICLE
Associated Press
East St. Louis
Prime Western
Wall Street Briefs Highlight Mixed May Results
J Pelley, head of the New York New Haven and Hartford railroad, reports May gross revenues about 15 percent below the same month last year. W A Blees of Oakland Pontiac notes a strong year with expected Pontiac business up over 60 percent for the year. The New York cotton exchange warns members against spreading rumors that could harm the credit or standing of any exchange house or institution.
MENTIONED IN THIS ARTICLE
New York
J. J. Pelley
New York, New Haven and Hartford Railroad
W. A. Blees
Oakland-Pontiac
Pontiac
Board of Managers
The
New York Cotton Exchange
Exchange House
House backs Roosevelt for Democratic nomination in 1932
Colonel Edward M. House, long adviser to President Wilson, has re entered politics to back Franklin D. Roosevelt for the Democratic presidential nomination. He believes Roosevelt offers a path to victory in 1932 and to push the party toward new ground as it seeks a stronger, broader campaign. Separately, a community Vacation Bible School opened at John Stewart Memorial church with 51 children enrolled, overseen by Mamie Brown and an active corps of instructors. A similar program is planned at Mount Zion Church next Monday, under the Ministerial Alliance, with weekly programs ongoing Fridays for graduation certificates and ongoing activities.
MENTIONED IN THIS ARTICLE
Olonel
Edward M. House
Wilson
Franklin D. Roosevelt
New York
House
Roosevelt
Community Vacation Bible School
John Stewart Femorial Church
Mount Zionecaist Church
Ministerial Alliance
John Stewart Memorial Church
Birth Notice for Davy Lee Martin at Vine Street
Birth notice reports a fine boy born June 6 to Mr. and Mrs. James Martin of Vine Street. The Woman's Home Missionary Society of John Stewart M E church will meet at 3 PM today in Mrs. Lelia Smith's Cooper Street home, moving from Thursday to accommodate members attending East Radford Va conference opening Thursday evening. President Mrs. Rosella Watson urges every member to attend.
MENTIONED IN THIS ARTICLE
James Martin
Vine Street
Davy Lee Martin
Woman's Home Missionary
John Stewart Methodist Episcopal Church
Lelia Smith
Cooper Street
East Radford
Rosella Watson
Mrs Ora B Redd Returns Home After Visits
Mrs Ora B Redd finished visits with friends and relatives in Roanoke Virginia and Winston Salem North Carolina and returned to her home at 316 feet.
MENTIONED IN THIS ARTICLE
Ora B. Redd
Roanoke
Winston Salem
N. C
Rift Among Leaders Halts War in China
In Nanking on June 9, business leaders in Shanghai urged nationwide peace as dissension among rebel chiefs in South China stalled civil war against the Nationalist government. About 200 Shanghai leaders appealed to commerce to push a peaceful settlement to end bloodshed, industrial stagnation, and famine linked to the rebellions. Generals Yen Hsian and Feng Yu-hsiang, who have priorly revolted, now lead new uprisings, with Yen reportedly demanding eight million dollars monthly before sending northern troops into the Yantse valley.
MENTIONED IN THIS ARTICLE
Nanking
Shanghai
South China
China
Yen Hei-Shan
Feng Yu-Hsiang
Canton
Yen-Hasi- Shan
Yantse
Chang Hsueh-Liang
Manchuria
Chihli
North China
Peiping
Sinclaire Consolidated Oil Omits 25 Cent Dividend
New York June 9 The Sin clair Consolidated Oil corporation will omit the 25 cent quarterly dividend on the common stock due July 15. The monthly board meeting scheduled for Wednesday, the last at which the dividend for the quarter could be declared, has been postponed due to lack of a quorum.
MENTIONED IN THIS ARTICLE
New York
Sinclair Consolidated Oil Corporation
Curb Market Rebounds as Stocks Rise in New York Trade
New York curb market resumes an upswing with oi shares leading the advance. Traders report renewed buying as prices climb and sentiment improves amid cautious turnover.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
Ted Bluefield
Rae Market
Standard Statistica Co
Ind
R.R
Uetty
C. B. Hancock Investments
Bleefield, West Virginia
First National Bank
Aatan
Liberty
Cincinnati Produce
Chicago Grain
Bluefield, W. VA
N. Y. Stock Exchange
Bryan, Kemp and Company
West Virginian Hotel
James FE. Mann
Chicago Board of Trade
Jack R. Younger
Alleghany Corpu
Allis Chalmers
American Steel
T. and T
American Water Works
Armour B
Atchison, ‘I
F. Ry
Auburn Auto
Aviation Corpn
Baldwin Loco
Balto
Barnedall A
Bendix Aviation
Best and Co
Bethlehem Steel
Borden and Co
Brooklyn-Union Gas
Briggs Mfg
Canadian Pacific
Chesapeake Corpu
Chesa
Ohioa
Chicago Great Western
Mil
St. P
Pac
Chicago Northwestern
R. I
Chrysler
Colorado
Commonwealth and
Continental Baking
Il Continental
Continental Insurance
Continental Motors
Continental
Crucible Steel
Curtis-Wright
Curtis-Wright A
Delaware and Hudson
Drug Inc
du Pont
Eastman Kodak
Erie
Federal Water Service
Foster Wheeler
Fox Film A
Freeport Texas
General Amer
General Foods
General Pub
General Ry
Gillette Safety
Glidden Co
Graham Paige
Great Northern
Grigeby Grunow
Goodrich Ween
Goodyear Tire
Gulf States
Houston Oi
Hudson Motors
Hupp Motors
Illinois Central
NIGES
Occa
Johns Manville
Kansas City Southern Twee
Kelvinator
Ewer
Kennecott Coppereens Eee
Krueger and
Kroger Groc
Lambert Co
Omen Enn
Lehn and Fink
Liggett and Myers Bema Wwe
McKeesport
McKeseon and Robbins
Splst
Nash Motors
Nevada
N. Y. Central
Packard Motors
Paramount
Penick and
Ford
la Penny
J. C
Pennsylvania R. R
Phillipa
Proctor and Gamble
Oe Public Service N. J
Pullman
Wwe
Radio Corpn
Radio Keith Orpheum
Weeree
Enee
Remington Rand
Reo Motors
Republic Steel
Reynolds Metals
Reynolds Tob
Royal Dutch
St. Joseph
St. Louis San Fran
Sinclair Oil
Southern Calif. Edison
Gian Tle
al Southern Railway Standard Brandsween
Siaienaas Aee
Standard Oil
N. J. Ee Eee
Standard Oil N. Y. Een
Stewart Warner
Stone and Webster
Studebaker
Texas Corp
Texas Gulf
Texas Pac
Transamerica Corp
United Corpn
United Gas
U. S. Realty
U. S. Rubberemer
U. S. Steel Ewer
Utilities Power and
Lt. A
Vanadium Steel Eee
Wa Een Eeeene Il Ll
Warner Pictures
Warren Bros
Western Maryland
Western Union
Westinghouse Airbrake
Westinghouse
Woolworth
Worthington
Youngstown Sheet and Tube
NEW York Poultry
Jay
Alark
Henrietta Zander
Suk
Tom Carr
Sue
BY Sidney Smith
V'I
Tom
Henrietta
Dolla
Pittsburgh Livestock
Toledo Grain
Chicago Livestock
Baltimore Livestock
Steel—American Metal Markets
Iron and Cateer
Wall Street Briefs
General Petroleum
Humble
Gulf
Oho
Indiana
Mamie Brown
Vacation Bible School
News OF the Colored
People
Pocahontas Fuel Company Incorporated
One Broadway
Pocahontas
Jocshontas
Tidewater
Atlantic Coast
Lambert's Point
Rowall's Point
Norfolk
Newport News
Dhoom
New Bedford
Mass
Salem
Mystic Wharf
Boston
Worthand
Maine
Great Lakes
Sandusky
Boston, Mass
Portland, Maine
Cores, Va
Bluefield
W. Va
Cincinnati, Ohio
Chicago, IL
Etroit, Ch
Moxey, Savon & Co., Ltd
Lime Street Square
London
B. C
England
Coal Trading Association
Rotterdam
Frederick Gundemsen
BE. Pinto Basto & Co., Ltd
Lisbon
A. Henrick & Cleric
Via Lomellini
Arthur Felldin
Drottninggatan
Stockholm
Aktimbolaget Bergbrun
Gotherburg
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