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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 24 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 11, 1930

Page

9

Short Covering Sparks Market Rally After Heavy Losses

New York stocks rose as short covering revived trading, with many issues up 3 to 10 points after a sharp earlier decline. U S Steel reported a May tonnage drop of 294,993 with a smaller backlog shrinkage than the seven year May average, while banks saw slight loan gains and investment holdings rise.

New York Bears 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 Ur. S. Steel American Can General Electric American Tobacco B International Harvester Johns Manville Standard Oil of New Jersey National Biscuit J. I. Case

Bond Market Advances On New Stimulus Hope

New York June 10 bond market totals show strong activity with total sales reaching 10 154 000 as investors respond to the stimulus announcement. Market observers note gains across government and corporate issues amid renewed demand.

Government bonds surge on New York exchange amid broad trading

Treasury financing was oversubscribed three times as United States bonds reached new year highs on the New York Stock Exchange. Prices moved irregularly in a broader market, with prime rail and utility issues steady to firm and industrials softer. Convertible bonds rallied to end higher. Liberty 3498 and Liberty fourth 44s posted new highs on sustained demand. Foreign bonds showed moderate activity amid a mixed movement.

Treasury United States New York Stock Exchange Liberty Liberty Fourth

Government bonds steady as market closes in New York

Government bonds show mixed to firm results with notable levels on 4s and 6s. Treasury notes inch higher while 10s hold near current bids as June trading ends. Flour prices also report no change.

Financial Market Update from New York on June 10

In New York on June 10 call money remained steady at 3 percent. Time loans held firm across 30 to 90 day ranges with rates around 3 to 3 1/4 percent. Prime commercial paper quoted at 2 1/9 percent and tankers' acceptances unchanged.

New York

Toledo Seed Prices for Wheat Corn Oats Rye and Other Seed

Toledo market page lists prices for Wheat No 2 red 109 1.10, Corn No 3 yellow SS 6, Oats No 2 white 4913 47, Rye No 2 84, and Other seed unchanged as of June 15.

Toledo

Butter Prices Rise on Top Scores in Chicago Market

Butter prices advanced one-fourth cent on top scores in Chicago trading. Supplies of medium grades showed considerable accumulation as fresh 9 percent and 32?1 4 scores appeared among reported figures.

Chicago

Dry Goods Market Report from New York

Cotton goods remained very quiet with prices barely steady. Raw silk was quiet in New York but firmer in Japan. Silk goods sold steadily for quick cutting. Burlaps eased after reports of large Calcutta shipments in May. Wool goods moved in small lots.

New York Japan Calcutta

Foreign exchange rates list from New York market

The report shows steady foreign exchange rates on June 10 with Britain at 4.86 dollars per pound and various currencies including France at 3.92, Italy 5.233, Holland 49.18, Norway 20.75, Sweden 26.82, Denmark 26.75, Switzerland 19.36, Spain 12.06, Greece 1.29, Poland 11.25, Czechoslovakia 2.96, Jugoslavia 1.76, Austria 14.10, Romania 59 ty, Argentina 37.87, Brazil 11.40, Tokyo 49.37, Shanghai 39.97, and Montreal at 100.00.

New York Great Britain Britain France Italy Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Jugo- Slavia Austria Rumania Argentine Brazil Tokyo Shanghai Montreal

Sugar futures dip as demand stays light in New York market

In New York on June 10 trading, raw sugar offerings broadened while demand remained light. Raw futures ended with 1 to 3 point losses as 13,100 tons changed hands, with notable shifts from July to later positions and a broad hold pattern awaiting new developments. No No 2 sales occurred. No 1 July quoted at 1.27 for July, 1.46 September, 1.56 December, 1.59 January, 1.65 March, 1.72 May, while No 2 July 3.17, September 3.32, December 3.46. Refined market unchanged at 4.50 for fine granulated.

New York

Poultry Prices and Grades Reported in New York

New York June 10 reports show varied poultry prices by grade and type. Entries list live and processed birds including broilers fowls roosters ducks and turkeys with freight and express adjustments and eggs totals alongside mixed colors and marked grades from extra first to medium firsts.

New York Expres Hennery Brown

Pittsburgh Livestock Hogs and cattle mixed at Pittsburgh sale

Hogs 900 head, prices steady to lower, medium to choice at 9.75 to 10.70, packers 8.75 to 10.50. Cattle offerings none to moderate with steers mostly 11.25 to 11.75, heifers around 9.50 to 10.50, cows 6.00 to 9.00, bulls 6.50 to 8.50. Calves about 11.00 to 12.00, demand steady.

Pittsburgh

Market Report on Live Stock Prices and Trends

The document lists varied stock terms and price ranges for sheep, lambs, ewes, and yearling wethers. It notes steady to uneven demand, with lambs and cull common trades and price bands from about 7.00 to 12.00 per unit, reflecting fluctuating buyer activity.

Wheat values fall on larger 1930 production outlook

Chicago wheat futures declined as enlarged domestic 1930 winter wheat estimates and rising arrivals at Kansas City weighed on prices. Bearish stock market tone and weak export demand added pressure. Rain in the Southwest boosted yield expectations by up to 15 million bushels. Corn and oats also edged lower with provisions down.

Chicago Kansas City New York

Chicago Livestock Prices and Trade Report

Chicago livestock numbers show hogs totaling 76000 with direct hogs 7000, prices around 10.15 for 160-230 lb butchers, sows 8.75 9.50, and pigs 9.85. Cattle and calves total 9000 with steer trade slow and generally 1.00 under week-ago levels, best heavy steers at 13.25 and 11.50 to 12.75 for slaughter classes.

Chicago

Market Report on Cattle Sheep and Hogs Prices

Prices for cattle including heifers bulls and stockers shown as good and choice with ranges from 7.00 to 14.00 across common and medium classifications. Sheep numbers around 5 000 with steady native lambs and ewes noted. fat ewes down with lambs at 9 2 Th to 12 5 and cull prices as low as 1.00.

Market Report From Pittsburgh On Produce Prices

Pittsburgh June 10 market report shows produce demand slow with apples at 5.00 to 6.00 per barrel New York ruffets and Baldwins range 2.25 to 2.35 for ruffets. Meat and poultry quotes include beef and cheese unchanged and various fowl prices across hens turkeys and ducks.

Pittsburgh New York Ben Davis Texas Maine South Carolina Louisiana Bliss Xtrax

Wall Street Briefs and Market Movements June 10

Production of standard cotton cloth for the two weeks ended May 31 totaled 72.58 million yards, 26.5 percent below the peak and 18.6 percent under the 29 month average. Shipments reached 270.056 million yards, about 97.9 percent of production, with 184.473 million yards sold. Stocks on hand stood at 450.481 million yards, up 1.3 percent, while unfilled orders totaled 271.745 million yards, down 23.9 percent. Acquisition of Saxet company assets by the Moody-Seagraves group was announced, with O R Seagraves set to join Saxet as director. Chicago Milwaukee St Paul & Pacific May revenues near 12.026 million, down 2.238 million from a year ago. net income about 75 thousand vs 1.092 million prior May. U S Steel keeps ingot production at 75 percent of capacity, down from 79 percent two weeks earlier. independent producers around 67 percent.

New York Association of Cotton Textile Merchants of New York Wall Street Dow Jones & Co U. S. Steel Corporation

Kimmel Held on Murder Conspiracy Charge at Raw Packing

Otis Kimmel president of Raw Packing Company Topeka Kansas is held on bonds of 26000 after allegations that he involved employee Virgil Pointer in the murder of Roy Kramer vice president. Pointer allegedly confessed and implicated Kimmel as the company faced a life insurance payout of 30900. Skelly Oil announces a two year expansion including a new lubricating plant at Dorado Texas and a possible refinery near Pampa Texas plus pipeline expansion plans.

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 Leader of German Theology

Heidelberg June 10 Dr Adolph von Harnack renowned as a leader of the modern German school of theology died today at age 71 He had been ill for a week and was widely known in Europe and the United States He visited the U S in 1904 lectured in many cities He founded the Kaiser Wilhelm Society for the Advancement of Science and the Evangelical Social Council His major work was The History of the Christian Dogma

Heidelberg Germany Adolf von Harnack von Harnack Europe United States Fast Middle West Kaiser Wilhelm Society For the Advancement of Science Evangelical-Social Council

Salesman found dead in Parkersburg with a self-inflicted wound

Paul K. Wilcox, 73, longtime salesman for a local milling company, was found dead by relatives in his Parkersburg bedroom with a bullet wound in the mouth. Wood County coroner Ben Robinson ruled it a suicide.

Parkersburg W. Va Paul K. Wilcox Ben Robinson Wood County Wilcox

University High School contracts awarded in Charleston

West Virginia University demonstration high school project bids total $288,315, exceeding funds by $16,315. The state board of control deferred awards and will seek alternate proposals from the three low bidders in each of four divisions: general construction, heating and ventilating, plumbing, and electrical work with firms from Chicago Huntington Fairmont Morgantown Greensboro Clarksburg and Morgantown among the bidders.

Charleston W. Va West Virginia University Demonstration High School State Board of Control General Construction C. A. Moses Construction Company Chicago R. Mankin and Company Huntington Baker and Coombs Morgantown Poe Pina and Heating Company Greenville D. C Charles E. Mumford Fairmont Greensboro N. C Charles EE Mumford Alex Zeck and Son Clyde Brand Edward M. Coll Clarksburg Potomac Electric Company Clarkebure Home Electric Company Morgeantown

Special Grand Jury To Probe Miner's Death

In Beckley West Virginia a petition filed in Raleigh county court seeks a special grand jury and a special prosecutor to investigate the death of miner Robert B L Miller at Lilly Brook January 12. The petition targets deputy sheriff J L Williams cited for the shooting and notes two court terms passed without indictments. A related suit seeks $10000 damages from Williams and the New York Indemnity Co for Mrs Bernice Miller.

Beckley W. Va Robert BL. 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

Unclear Industrial Listings Mention City Service Co and Mines

Fragmented OCR shows references to Cities Service Co parcels and various mining and utility entities including Majestic Collieries Pocahontas Fuel Tug River Appalachian Electric and prices like 7.00 75.00 160.00 50.00. It lacks coherent events or dates beyond two June 10 mentions.

Biuehela Atk Natural Ihhum Monte- Vista Park I Majestic Collieries Co Pocahontas Fuel Tug River Rey Co Appalachian Electric Gower Indian Territory

Also Mentioned on This Page

Standard Statistics Co R.R. Vu Ann Mwee Jay Worthington Pump Vanadium Eastman Kodak Houston Oil American Telephone Consolidated Gas Columbia Gas Electric Power and Light Standard Gas and Electric Western Union Stone & Webster Peoples Gas Missouri, Pacific St. Louie Southwestern New York Central Rock Island and Chesapeake & Ohio Armour Ates Heen Atchison OO Atlantic Refining S.esees Barnadall Bethlehem Steel Ween Brige Fx Byers Corp Cal Hee Canadian Pacific Ste Cmss Wensony Chicago Northwestern Atten Commonwealth Erie RR General Electric Ware General Motors Hudson Motor Johns-Manville Kelly Missouri Pacific Monts Ward S.ceereeneeanes Northern Pacific Owens Bottle Packard Pere Pan Borg Peon RR Phil Pt Radio Corp Rep Reynolds Tobacco Seare Roebuck Shell Union Bim Union Pacific Ae S Steel Maryland Westinghouse S.eee Westinghouse Electric Willys Overland Woolworth Wright Air NOU Befc Panam BY Ahern Uruguay Panama New Ind Iease 1 Pocahontas Tidewater Great Lakes British Thermal Unite Broadway Norfolk Main St Boston Mass Board of Trade Cincinnati Ohio Traction Portland Oultun Scien Virginia New Bedford AASS Pocahontas Wharf Aikman Ena Atlantic Lambert's Point Sewell’s Point Norfolk News Newport Sandusky London Moxey. Savon & Co., Ltd Lime Street Square E. C England Henry Coe & Clerci Piaatt S Matteo Geneva Pocahontas Fuel Co., Inc No. 1 N. Y Panwdenneens Aioruet Wim Wes Carlos Henrietta Pittsburgh Livestock Chicago Grain Chicago Livestock Wall Street Briefs The Associated Press Saxet Company G. BE. Barrett & Co.-Moody-Seagraves Group O. R. Seagraves United Gas Corporation Commerce Street Bluefield Bryan, Kemp and Company New York Cur Exchange New York Cotton Exchange Chicago Board of Trade Richmond, Stock Exchange Adolph von Harnack University C. B. Hancock Investments West Virginia First National Bank Federal Reserve Sa the First National Bank W.va BY Sidney Smith
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