Short Covering Lifts Market in Spirited Rally
The New York market recovered on short covering lifting spirits and driving a broad rally. After early losses, stocks climbed 3 to 6 points, with leaders like U S Steel and J I Case posting notable gains as bankers noted improved loans and steady steel activity.
MENTIONED IN THIS ARTICLE
New York
Bears
Lst
Shorts
U. S. Steel
Steel Corporation
Federal Reserve
Atchison
Baltimore & Ohio
St. Paul
Erie
Studebaker
Nash, Packard
Checker Cab
Glidden
Fish Rubber
Goodrich
Firestone
Bethlehem Steel
International Nickel
Simmons
Pullman
Crucible Steel
Otis Elevator
American Can
General Electric
American Tobacco B
International Harvester
Johns Manville
Standard Oil of
New Jersey
National Biscuit
J. I. Case
Bond Market Averages and Sales Report
The bond market and sales totals are released as of June 10 in New York. Total sales reach 10.154 million dollars, with market activity framed by the latest stimulus from an announced development.
Government bonds reach new high marks amid broad market activity
Treasury financing was oversubscribed three times as United States bonds on the New York Stock Exchange rose to year highs. Demand supported prime railroad and utility issues while industrials softened. Convertible bonds rallied to end with solid gains and Liberty 34s and Liberty 444s posted new highs on strong demand. The foreign bond segment showed mixed activity.
MENTIONED IN THIS ARTICLE
Treasury
United States
New York Stock Exchange
Liberty
Liberty Fourth
Government Bonds Prices Reported in New York
New York financial listing shows United States government bonds with quotes for Treasury 4s 113.4 and 3s 101.12, along with other Treasury securities around 108.97 and 196.9, reflecting market activity. Trading data includes multiple lines on government issues and yields as of June 10.
MENTIONED IN THIS ARTICLE
New York
Treasury
Money market rates steady across call loans and bills
New York traders noted call money steady at 3 percent all day and time loans holding at 3 percent for 30 60 days and other short terms. Prime commercial paper showed 4 percent while banker's acceptances remained unchanged.
MENTIONED IN THIS ARTICLE
New York
Wheat and corn price quotes from Toledo and Chicago
Toledo reports No 2 red wheat at 1.09 to 1.10 and No 3 yellow corn at 55 6 while oats No 2 white trades at 45 4 41 percent. Chicago notes butter prices rise quarter cent with varied scores and notable supply, including fresh 9 1/2 score at 32 38 2 percent.
MENTIONED IN THIS ARTICLE
Toledo
Chicago
Dry Goods Market Report
New York June 1 cotton goods continued very quiet with prices barely steady. Raw silk was quiet here and firmer in Japan. More buying reported for future delivery. Silk goods sold steadily for quick cutting. Burlaps were easy after reports of large Calcutta shipments in May. Wool goods selling in small lots.
MENTIONED IN THIS ARTICLE
New York
Japan
Calcutta
Foreign exchange rates across nations and cities listed
The New York market reports steady foreign exchange with Britain at 4.85 dollars per pound and various currencies quoted in demand and cables. Rates shown include France at 3.92 percent and 5.92 in cables, Italy at 5.23, and others for Belgium, Germany, Holland, Norway, Sweden, Denmark, Switzerland, Spain, Greece, Poland, Czechoslovakia, Jugoslavia, Austria, Romania, Argentina, Brazil, Tokyo, Shanghai, and Montreal with varied percent figures and parities.
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New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugo- Slavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Sugar Market Steady As Demand Remains Light
New York sugar market shows no price change with light demand and liberal offerings. Raw futures end 1 to 3 points lower as 13,100 tons change hands with July shifting to later positions. No sales in No 2 contract. closing quotes follow No 1 July 1.37 to May 1.72 and No 2 July 3.17 to December 2.46. Refined market steady at 4.50 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Poultry Prices and Grades In New York Market
New York poultry rates listed for fresh frozen live and freight shipments with multiple grades and terms. Various items include fowls roosters turkeys ducks and mixed colors with price figures and grade labels such as extra firsts medium firsts and other grades.
MENTIONED IN THIS ARTICLE
New York
Hennery Brown
Pittsburgh Livestock Market Report
Pittsburgh June 10 hogs and cattle prices show fair activity with varied grades. Hogs range from 9.75 to 10.85 per cwt and pigs 10.00 to 10.50. sows 8.00 to 8.75. Cattle include steers 11.25 to 11.75, heifers 9.60 to 10.50, cows 6.00 to 8.00, bulls 6.50 to 8.50. calves 9.00 to 12.00 for different quality levels.
MENTIONED IN THIS ARTICLE
Pittsburgh
Livestock Market Report Summary
Choice and medium lambs and sheep traded unevenly. Sheep remained dull with 80 lb and older stock showing modest declines. Prices noted: good choice sheep 11.00 to 12.00, medium 9.00 to 11.00, cull common 2.00 to 4.50, yearling wethers 7.00 to 9.00, ewes around 3.00 to 4.50.
Wheat futures ease on tepid demand and spring rains
Chicago grain notes enlarged 1920 winter wheat production estimates and new arrivals in Kansas City driving values down. Bearish stock market and light export demand add pressure as rains boost expected Southwest wheat yield by 10 to 15 million bushels. Closing quotes show corn down fractionally, oats steady to slightly lower, and provisions down a bit.
MENTIONED IN THIS ARTICLE
Chicago
Kansas City
New York
Chicago Livestock Prices and Trade Slowdown Report
Chicago stockyards report June 10 show hogs at 6 090 head with most prices steady to down slightly from yesterday. Hogs top at 10 15 for 160 230 lb butchers. cattle calves and steer trades mostly steady but slow with weights 1300 1500 lb seeing prices between 11 59 and 13 75.
MENTIONED IN THIS ARTICLE
Chicago
Cattle and Stock Market Ledger with Varied Grades and Prices
Auction notes list cattle and sheep for sale including heifers cows and bulls with grades good and choice common medium and low cutter. Prices span broad ranges across stockers vealers fat ewes lambs and lamb prices noting some held higher and several lines show per head or per hundredweight values.
Market Report From Pittsburgh on Fruit Vegetables and Poultry
June 10 Pittsburgh market notes show produce demand slow with scattered steady prices. Apples, cabbage, onions, potatoes, butter, beef and cheese trade appears steady or unchanged. poultry rates across categories list varied ranges with dressing unchanged.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York
Ben Davis
Texas
Maine
South Carolina
Louisiana Bliss
Cotton cloth output off 26.5 percent in May period
Production for the two weeks to May 31 reached 72.58 million yards, down 26.5 percent from the peak and 18.6 percent below the 29 month average. Shipments totaled 270.06 million yards, sales 184.47 million yards, stocks on hand 459.48 million yards, and unfilled orders 271.75 million yards.
MENTIONED IN THIS ARTICLE
New York
Association of Cotton Textile Merchants of New York
Raw Packing Company President Held on Murder Bonds
Otis Kimmel, president of the Raw Packing Company in Topeka Kansas, is held on a 26000 bond for alleged involvement in a murder plot against Roy Kramer vice president. Virgil Pointer reportedly confessed and implicated Kimmel as the company faces life insurance proceeds of 36000 on Kramer. Industry average ratios are noted, with broader market comparisons. Skelly Oil announces a two year expansion including Dorado Texas lubricating plant and a possible Panhandle refinery near Pampa along with pipeline expansion plans.
MENTIONED IN THIS ARTICLE
Otis Kimmel
Raw Packingompany
Topeka
Kas
Virgil Pointer
Roy Kramer
Pointer
Kimmel
Kramer
Skelly Oil Company
Dorado
Texas
Panhandle
Pampa
Dr Adolph von Harnack Dies At 79 In Heidelberg
Dr Adolph von Harnack German educator and leader of the modern German school of theology has died in Heidelberg at age 79 after a weeklong illness. He visited the United States in 1904 lecturing in the East and Midwest and founded the Kaiser Wilhelm Society for the Advancement of Science and the Evangelical Social Council. His chief work was The History of the Christian Dogma.
MENTIONED IN THIS ARTICLE
Heidelberg
Germany
Adolf von Harnack
von Harnack
Europe
United States
Fast
Middle West
Kaiser Wilhelm Society For the Advancement of Science
Evangelical-Social Council
Wilcox Found Dead in Parkersburg Home
Paul K. Wilcox, 73, longtime salesman for a milling company in Parkersburg, was found dead today with a bullet wound to the mouth. Wood County coroner Ben Robinson ruled it a suicide.
MENTIONED IN THIS ARTICLE
Parkersburg
W. Va
Paul K. Wilcox
Ben Robinson
Wood County
Wilcox
University High School contracts awarded in Charleston
State board of control tabulated bids for the University of Charleston project showing total low bids at 288 315 dollars, 16315 above funds. Low bidders include C A Moses Construction Chicago for general work, Poe Pipe Greenville Dc for heating, Charles Mumford Fairmont for plumbing and Edward M Coll Clarksburg for electrical work.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
University
State Board of Control
Caid
General Construction
C. A. Moses Construction Company
Chicago
R. Mankin and Company
Huntington
Baker and Coombs
Morgantown
Poe Pipe and Heating Company
Greenville
D. C
Charles E. Mumford
Fairmont
W. W. Dick
Greensboro
N. C
Charles Mumford
Alex Zeck and Son
Clyde Brand
Edward M. Coll
Clarksburg
Potomac Electric Company
Clarkshare
Home Electric Company
Special Grand Jury Sought In Miner Death Probe
Beckley West Virginia June 10 A petition seeks a special grand jury and a special prosecutor to investigate the January 12 death of miner Robert L. Miller 34 at Lillybrook. It targets deputy sheriff J L Williams claimed to have shot Miller in self defense. A parallel action seeks $10000 damages for Mrs Bernice Miller from Williams and the New York Indemnity Co.
MENTIONED IN THIS ARTICLE
Beckley
W. Va
Robert L. Miller
Miner
Lillybrook
Here
Raleigh County Criminal Court
John F. Miller
J. L. Williams
Miller
Williams
Raleigh County
M. J. Meadows
Bernice Miller
New York Indemnity Company
Hancock Investments Bid in Binefield WV Listed
Fragmentary OCR lists investments and figures tied to C B Hancock Investments in Binefield West Virginia. Mentions First National Bank Building and various energy and mining company names with closing prices and market values, including Cities Service and Pocahontas Fuel.
MENTIONED IN THIS ARTICLE
C. B. Hancock Investments
Binefield
West Virginia
First National Bank
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Standard Statistics Co
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In Navigation & L McBride. Am
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Anatan Bales R Hawthorne
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Pocahontas Fuel Company Incorporated
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Pocahontas Fuel Company, Incorporated
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FeDaRa
BY Sidney Smite