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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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 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
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
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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