Market upturn as grain and cotton rise on heat driven demand
New York June 9 strong grain markets and lively cotton stocks lift overall market after morning dealer lull. Wheat and oats firm on heat induced supply concerns. International Harvester, Case, American Tobacco and Liggett Myers lead gains while rails and utilities show mixed to modest advances. Sales totaled 5,312,580 shares as dollar weakness boosts foreign currencies.
MENTIONED IN THIS ARTICLE
New York
International Harvester
Sears Roebuck
Tobaccos
American Tobacco
B.” Liggett and Myers
B.” Lorillard
Reynolds
Union Pacific
American Telephone
Western Union
Postal
United States Steel
Westinghouse
Bethlehem
General Electric
Chrysler
General Motors
du Pont
American Can
Industrialrayon
Dollar Exchange
Bond Market Deteriorates Before Late Rally
The New York bond market faced another moderate relapse amid weakness in several specialties. Trading was dull though a late rally allowed some principal losers to recover part of their declines.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange Quotations Page
Quotations furnished by Bryan, Kemp and Company from the New York exchanges include NYSE NY Cotton Exchange and NY Curb Exchange with associate status. Listings note James E Mann as manager, located in the West Virginian Hotel Building, Bluefield West Virginia.
MENTIONED IN THIS ARTICLE
Bryan, Kemp and Company
West Virginian Hotel
James £. Mann
New York Stock Exchange
New York Cotton Exchange
New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
Grain prices surge on oat crop damage across Midwest
Chicago grain markets report oats rising to new highs since December with Illinois and Iowa showing severe crop damage from recent abnormal temperatures. Wheat and oats gain 1¼ to 2 percent, corn up 1 to 2 cents, other grains strong while provisions hold steady to slight rise.
MENTIONED IN THIS ARTICLE
Chicago
Illinois
Iowa
Chicago Market Seas Butter Prices and Carrot Listings
Butter prices hold steady and fresh at 93 with a 2244 23 pointing. Other figures show 92 22 91 21 percent 90 20 percent 89 19 percent 88 18 percent 87 18. Carrots listed centrally at 90 21 percent 89 20 percent 88 20 percent.
MENTIONED IN THIS ARTICLE
Chicago
Raw sugar futures ease as offerings rise in New York
Raw sugar declined 1/16 of a cent amid increased selling in New York on June 9. Spot sugar quoted at 3.46 with 42,300 tons sold. July at 1.43, September 1.46, December 1.53, January 1.54, March 1.59, May 1.64. Refined at 4.60 for fine granulated, unchanged.
MENTIONED IN THIS ARTICLE
New York
Dry goods price uptick expected on tax report
New York June 9 reports higher prices in the cotton goods division as a processing tax may be imposed soon. Rayon price up 5 cents a pound on viscose. Rug and carpet floor coverings to advance June 15. Worsted dress goods active and burlaps remain strong.
MENTIONED IN THIS ARTICLE
New York
Telegraph and cable stocks slide after rail bill defeat
Sagged and sales totaled 15 184 000 dollars par value versus 20 568 000 yesterday. The 60 domestic corporate loans averaged down three tenths of a point the sharpest drop in about two months. Communications issues led, Postal Telegraph 5s fell seven points and Western Union maturities slipped one to over three after the railroad bill amendment banning mergers of telegraph and cable firms.
MENTIONED IN THIS ARTICLE
Western Union
Curb Market Faces Mixed Trade With Late Gains Led by Deere
The curb market saw heavy profit taking early but gained late on grain price optimism. Deere led the rebound, adding over 2 points, while Aluminum trimmed losses to near break-even and A O Smith rose about 1 point. Oils showed strength, Humble and Gulf/Oil group small gains, utilities narrow. Volume around 1.20 million on solid turnover.
MENTIONED IN THIS ARTICLE
New York
Deere
Aluminum Company
A. O. Smith
Humble
Gulf
Standard Oi
Indiana
Ohio
Electric
American Superpower
American Gas and Electric
Government Bonds Open Edges Mixed in New York Trade
United States government bonds closed with slight gains on some issues and flat or nominal quotes on others. Notable prices include Liberty 3s at 102.20 and First 4 1/6s at 102.15, with Treasury 4s around 109.31 and Treasury 3s at about 102.6 for June. Foreign issues show varied levels across Switzerland, Spain, Portugal, and other markets.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Foreign Exchange Rates Reported From New York
Foreign exchange brief from New York lists Great Britain at 4.11 percent in demand and cables, 60 day bills at 4.10. Italy shows 6.334 percent demand and 6.33 percent cables. Demands are Belgium 17.00, Germany 28.40, Holland 48.95, Norway 20.80, Sweden 21.25, Denmark 18.40.
MENTIONED IN THIS ARTICLE
North Amer. Co. Oenese
Juneau
Klee
Pow
LA. Il
Owens Ui
Glas Phi
Coron Lee Storage Battery
Pac Gas and
Allis Chalmers
Packard Motors
Penick
Ford
Fox Film
Freeport
Texas Ee
Penn
Amer
Rolling Mills
Goodrich
Reo Motors
Armour
Ee Eee
Goodyear Tire
Republic Stee
Hershey Choe
Ao Ao
Reynolds Metals
As'd Drygoods
Houdaile Hershey
Reynolds Tob
Hey
Houston Oi
SiMe Royal Dutch Siam Thy
Ath Ref
Hudson Motors
St. Joseph
Atlas
Hupp Motors
Seaboard Air Line
Auburn Auto
Iinois Central
Sears Roebuck
Sim Aviation Corpn
Int. Bus
Mch
Itd
al Shattuck
Baldwin Loco
Harvester
Simmons Bedhee
Ohio
Nv International Shoe
Nickel
Vacuum
Barnsdall “Ay
Tel Eeee
Sou. Calif. Edison
Bendix Aviation
Int
Tel
Best and Co Bene Bo
Inland Steel
Johns- Manville Eee
Bethlehem Steel
Kelvinator
Nae Senna
Www
Borden and Co
Brooklyn Man
Kresge
Kennecott
Brooklyn-Union Gas
Briggs Mfg
Teeneneee
Kroger Gro Lambert Co
Stewart Ele
Byers Pi
Lehman Corp Oe
Stone and Webster
Canadary
Lehn and Fink
A Studebaker
L’ Canadian Pacific
Liggett and Myers ‘B
Texas Corp
Case Th
Texas Gulf
Cerro de Pasco
Lowe's Inc
Timken Rollering
Chesapeake Corpn
Lorillard Tob
Senee
Transamerica Corp
Underwood Ediott
P. Lou, Gas and Bec
Union Carbide Seve
Chicago Morrowers
McKeesport T
Union Pacific
McKesson and Robbins
United Aircraft Seer
U. S
Worthington
DuPont
North Amer
Aviation
New York
Great Britain
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Grain prices update from Toledo market report
Toledo on June 9 reports grain values on a 28 percent rate basis with Wheat No 2 red at 74 and No 1 red at 75 cents. Corn No 2 gator 43 44 cents and No 3 yellow 42 150 cents. Oats No 2 27 28 cents and No 3 white 27 28 cents.
MENTIONED IN THIS ARTICLE
Toledo
Wall Street Briefs Highlight June Sales Dip and Bond Offerings
Grand Union sales for five weeks ending June 3 fell 10.2 percent from May to 2.614 million dollars. Westinghouse reports May refrigerator orders record highs. Mansfield plant adds about 400 workers in its refrigerator division, surpassing wartime peak. Thirty three states and municipalities plan bond issues next week totaling 28.033 million, led by a 10 million state Tennessee funding issue.
MENTIONED IN THIS ARTICLE
New York
Grand Union Company
Westinghouse Electric and Manufacturing Company
Mansfield, D
State of Tennessee
Chicago Livestock Prices and Slaughter Totals Report
Chicago June 9 report shows hogs 18 000 head with 9 000 direct, market slow and weak. Packing sows 10 25 off, bulk 4 50 4 65, lights around 4 25, pigs 3 50, late sows 3 75 4 00. Hogs by weight span 140 160 lbs at 3 75 4 35, 160 200 lbs 4 60, 200 250 lbs 4 60 4 50, 250 350 lbs 4 35 4 60. Cattle 1 500 calves 700 matured.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept
Market Summary of Livestock and Hides
Describes mixed cattle and sheep market with steers and heifers selling at various weight bands and quality grades. Fed steers and heifers show general ranges from about 4.25 to 7.36 per cwt with highs for best lots, cows from roughly 3.25 to 4.25, cutters near 3.00, and slaughter cattle/vealers noted. Sheep and lambs show higher tones with choice lambs 10 to 15 higher, fat lambs 7.50 to 8.50, and feeder yearlings around 6.00 to 7.75 with regional quality variance. Overall activity described as steady to strong with bulk demand for native ewe and wether lambs.
Lancaster Livestock Market Report June 9
Cattle 294 head. Market slow with beef steers and yearlings scarce but steady. Hogs weak to 25 lower, top 5.75, few at 6.00. Sheep 263 head, nominal.
MENTIONED IN THIS ARTICLE
Lancaster
Pittsburgh Livestock Market Report June 9
Hogs 2,100 held over 900 slow to 10 lower. light 130-160 lb 4.15 4.75. 160-200 lb 4.79 5.00. 200-250 lb 4.90 5.00. 260-360 lb 4.75 5.00. Cattle 25 slow weak. steers 900-1300 lb 5.85 6.40. common 4.75 5.85. heifers 550-750 lb 5.25 6.00. cows 3.15 4.00. Calves 100 slow steady veal.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S. Dept
Call Money and Rates Steady. Ants Describe Nuptial Flight
Call money in New York on June 9 remained steady at 1 percent for all day. Time loans showed 69 to 90 days at 1 percent, 4 to 4 1 2 months at 1 1 4 percent, and 5 to 6 months at 1 percent. Prime commercial paper held at 1 percent. Bankers acceptances unchanged. In natural history notes, queen ants perform a single nuptial flight and shed their wings afterwards.
MENTIONED IN THIS ARTICLE
New York
Market Lamb Prices and Beef Calf Commentary Fragment
Market notes show mixed livestock bids with ranges for beef and lambs. Calves priced at 2.00 to 4.50 per hundredweight, sheep at 4.85 to 7.25 for mid grades, and lambs around 7.25 to 8.50 for good and choice. Some reports indicate lambs lighter and weaker by 25 cents to one dollar.
Livestock Market Report Jersey City June Sale Figures
Cattle totals reach 1 060 with 970 direct. Good steers 6.25 to 6.35. Vealers scarce about 2 000 with tops 6.50 to 7.00. Sheep and lambs 9 830 with lambs mostly 9.00. Hogs 2 580 with 2 550 direct, market down about 10 cents. good 176 lb hogs around 5.15.
MENTIONED IN THIS ARTICLE
Jersey City
Trade Trends: June Production Outlook and Market Shifts
The AP notes a general advance in production schedules driving a projected record June outturn of units. Clothing firms in eastern and central regions boost operations due to strong retailer bookings. Canned foods show light distributor stocks with rising demand as new packs enter markets. Mining machinery firms report substantially higher sales over the past two months. Military personnel wear medals only in full dress during social events.
MENTIONED IN THIS ARTICLE
Associated Press
New York Poultry Market Report June 9 New York
Dressed poultry weak and unchanged. Save poultry weak. Fowls freight 11 12, express 7 12. Eggs total 22,124, weak with mixed colors and standards. First and seconds categories show small declines. White eggs fetch 20 21% for selection and premium marks. Nearby and mid western henery exchange specials 17 19%.
MENTIONED IN THIS ARTICLE
New York
Baltimore Livestock Prices Reported For June 9
Cattle numbers total 75 with steady market. Steers good to choice bring 6.75 to 6.00 per cwt, medium to good 2.25 to 2.75. Cows good to choice 3.50 to 3.75, medium to good 3.00 to 3.50. Heifers good to choice 5.00, medium to good 4.50 to 5.00. Sheep and lambs 700 steady with spring lambs around 3.90. Calves 100 steady with good to choice 4.00 to 4.50.
MENTIONED IN THIS ARTICLE
Baltimore
Bargain Bride serial praised in Daily Telegraph
Kath arine Haviland- Taylor debuts Bargain Bride as a breezy romance praised as a whiz of a story. The serial begins June 11 in the Daily Telegraph prompting reader anticipation.
MENTIONED IN THIS ARTICLE
Katharine Haviland- Taylor
Daily Telegraph
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Enero
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C. B. Hancock Investments
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Bluefield, W. VA
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MOXEY, SAVON @ CO I/TD
Lim
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Jersey City Livestock
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Walt
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BY Martin
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