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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 11, 1933
Page
15
New York June 10 Market activity showed strong moves in commodity sections while stocks drifted with weekend profit-taking. Utility shares rallied to new highs with Consolidated Gas and others peaking before softening. Rails and several industrials posted smaller gains or declines as investors weighed earnings and sector trends.
Profit taking in semi speculative issues produced a weaker drift in the bond market today amid a volume of 7.649 million dollars versus 10.697 million last Saturday. The 60 domestic corporate loan average eased by one tenth of a point as government municipal and state bonds showed disorganization following the senate vote to cancel tax exempt privileges. Losses of 2 to about 4 points hit International Telephone and Postal Telegraph bonds while Alleghany Baltimore and Ohio Fish Rubber and New York Central fell 1 to 3 points. Gains of 1 to 3 points came from American and Foreign Power Rock Island Solon Oil Denver and Rio Grande Michigan Central St Joseph Lead and Union Pacific.
Quotations for the New York Stock Exchange New York Cotton Exchange New York Curb Exchange Associate services provided by Bryan Kemp and Company with offices at 1800 Bluefield West Virginia plus listings for the Chicago Board of Trade and Richmond Stock Exchange.
New York June 10 United States government bonds finish with Liberty 3s 102 17, First 4s 102 10, Fourth 4 6s 102 30, Treasury 4 46s 109 29, Treasury 46 106 4, Treasury 3s 102 5 on June 40 43.
New York curb market June 10 reports firm finish as power stocks lead gains while Deere and Swift slip about a point each. Aluminum gains 2 points and Singer Sewing Machine rises 6 points on light turnover. Electric Bond and Share climbs almost 2 points to best quote, transfers about 737000 shares versus 40000 last Saturday.
Treasury receipts for June 8 totaled 6 049 182.59 with expenditures of 13 397 10.60 and a balance of 292 389 642.64. Customs duties for eight days in June amounted to 5 860 812.64.
First in a series of conferences to craft a code of practice for the oil industry under the national industrial recovery act will be held in Chicago on June 15 with producers from across the country in attendance. Plans are under way for a parallel meeting of marketing associations in Chicago. This week’s gold movement stands at 46.
Directors of Singer Manufacturing Co declared a quarterly dividend of 1.50 a share payable June 30 to stock of record June 10. Three months earlier the dividend had been cut to 1.50 from 2.00.
Toledo grain market notes on June 10 showing track rates at 28 percent, wheat No. 2 red 74 and No. 1 red 75, oats No. 2 white 28 and No. 3 white 28 29, with in store and transit billing adjustments. Wheat quoted 5514 above track, corn 4 above, oats 3 above.
New York June 10 reports a range of foreign exchange rates in dollars and cents for Great Britain France Italy and other nations. The table includes demand and cable rates for major currencies plus cross rates for Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Austria Romania Argentina Brazil and Tokyo Shanghai Hong Kong Mexico City Montreal and Montreal New York.
New York June 10 textile markets closed firmly in anticipation of the industrial recovery act. Further advances expected on all lines when the act goes to the president. Cotton goods and worsted goods active as agents refrain from withdrawal. Silk demand rises with raw silk gains. Rayon advances becoming general. Burlaps hold firm.
Chicago June 10 butter quotes show a mixed range with scores from 93 down to 87 and 22 to 18 percent. Centralized carrots list values around 90 with a 22 percent figure and a $9 price point mentioned alongside 88 and 20 percent.
Chicago wheat and oats rise to new peaks since May 1939 amid a 36.5 million bushel destruction of winter wheat in the past month. Spring wheat faces a critical period with conditions below the 10 year average. Wheat closes near session high up 1 1/4 percent. oats up 1 1/8 percent. corn and provisions advance.
Pittsburgh dispatch reports mixed produce activity with apples at six car shipments steady, New York Runsets large at 2.00, medium 1.75 per bushel. Potatoes in 50 cars weaker with Maine Green Mountains at 1.10, Cobblers at 3.00 per 100 pounds. Butter prices steady with various quality scores, kegs and cheese unchanged. poultry unchanged.
Jersey City livestock sale reports 1 780 head total including 1 600 vealers and calves with 1 070 direct. Sheep and lambs total 9 540 with 9 390 direct. Lambs steady, Tennessee ewes and wethers around 9.00, 6.00 for lower sorts. Hogs 1 310 with 1 280 direct, weights 161-190 lb average 5.00 to 5.15.
Pittsburgh livestock market reports hogs steady to 15 lower with slow demand. Weights 130 to 350 pounds show prices from 3.50 to 6.40 per hundredweight. Cattle runs are slow and weak with steers 1,309 pounds at 5.75 to 6.40 and heifers 550 to 750 pounds at 5.15.
The report lists prices per hundredweight for calves and sheep categories. Calves range from 1.85 to 5.60 with cuts by weight and quality, while sheep and lambs show values from 1.50 to 8.50 for various grades and weights, including yearling wethers and ewes.
New York June 10 Egge 36 943 steady. All mixed colors whites and browns unchanged. Dressed poultry weak. Fowls fresh and frozen 11 16 other grades unchanged. Live poultry steady. No freight quotations express chickens and fowls unquoted other express unchanged.
Automobiles show likely stronger June new car sales than June last year, with May gains already surpassing prior year figures. Flour demand remains light as large buyers hold contracts. Lead pigments rise after a $2 per ton lead price advance, while carbon black moves well.
The U S Department notes slower wool movement in Boston especially for medium quality fleece and fined wools. Supply shortages and softer demand from some manufacturers reduce urgency, yet demand remains broad enough to push prices gradually higher.
Berlin reports Hitler propaganda ministry orders curbs on Nazi emblem use in advertising after frankfurter shapes and products bearing the swastika appear in shops. The crackdown covers toys candies napkins ash trays beer stands and other items featuring Hitler imagery or likenesses.
Wilcoe West Virginia June 10 C H Meade hosted a card party at his home Wednesday evening. Guests included Mrs J H Ashworth G W Parks F Farris I N Snyder Mr and Mrs F E B Taylor James Meade Charles Meade and Mrs C H Meade who enjoyed a Dutch lunch after play.
Miss Jessie Bowman and Mrs. Okey Stapleton hosted a Tuesday picnic in Laugher hollow for many young girls. Attendees included Margie and Dorothy Shatley, Dawn and Nell Shanklin, Dorothy Shelton, Marguerite Petty of Gary, Irene Taylor, June Shatley, Virginia and Dorothy Beard, Carroll Homan, Betty Burkett of Caretta, Katherine and Annie Varellan.
The Tug Fork Efficiency club met in Wilcoe school's auditorium on Tuesday evening. Speakers included James O Keeffe Richard Tuggle and John Mastin plus others. Margaret Williams performed a tap dance with Juanita Martin at the piano and Mr Howbert gave a solo number.
Mr and Mrs A Varellan and their children departed last Friday for New York City. From there Mrs Varellan and the children sailed Tuesday for Athens Greece as she has been called there on account of a family matter.
Local society items report on families visiting relatives in Bluefield Ashland and Norton. Travelers include Miss Opal Hensley in Ashland Ky and Elmer Laughter who graduated with high honors at Concord College. Zeke Clark plans to return June 15 to resume duties with the Norfolk and Western railroad.
Salisbury reports Southern Rhodesia closed its fiscal year with a surplus around 400000. The government cut income tax by 2.5 percent and restored penny postage. A science note states a cubic foot of water can be converted into 1661 cubic feet of steam.
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