Wall Street Ends Bear Run With Sharp Declines Across Markets
Weakness dominated trading on the New York Stock Exchange as a bear onslaught pushed many issues to new yearly lows. Key stocks like American Can, U S Steel, General Electric and American Telephone fell 4 to 12 points while wheat, corn and cotton prices declined. Final hour volume neared 4.5 million shares as rails and various manufacturers posted fresh lows.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Shorts
American Can
U. S. Steel
New York Centras
General Electric
American Telephone
Bears
Germany
Tron Age
New York Central
Illinois Central
Erie
St. Paul
Auburn, Nash and Marmon
Motors
International Telephone
Pullman, Lambert
General
Theaters
Bethlehem Steel
Prairie Oil
American Tobacco B. A. M. Byers
Public Service of New Jersey
Westinghouse Electric
Johns-Manville
Columbian Carbon
Foreign Exchange Rates Tumble Through Markets
New York on June 11 reports foreign exchange moves with Great Britain at 4.8549 dollars demand and 4.8511/16 cables, 60-day bank bills at 4.837 percent, France at 3.927/16 demand and 3.929/16 cables, Italy at 5.235 percent demand and 5.23 cables, with Belgium 13.95, Germany 23.84, Holland 40.18, and Norway shown in the latest quotes.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Excerpted Global Values and Place Tags
A list of mixed numeric and country or city names with percentages and ratios covering Europe Americas and Asia. It reads as fragmented data points including Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Jugoslavia Austria Rumania Argentine Brazil Tokyo Shanghai Montreal and a fraction 99.987/16.
MENTIONED IN THIS ARTICLE
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Bond Market Mixed Movements Highlight German Loan Interest
The bond market today showed mixed movement with gains in prime domestic and foreign issues while industrials and secondary rails lagged. German loan attention grew as German bonds for tomorrow's offering traded around 90 on a when issued basis with premiums up to one point, amid a market anomaly of 21 points.
MENTIONED IN THIS ARTICLE
New York
United States
Bond Prices Rise on Railroad Issues and Theaters
The drop of General Theaters 6s on the sale of four bonds was noted as the bond called for payment July 1. Nickel Plate 4s and Pennsylvania 4s were among railroad issues that advanced from one-fourth to one-half a point.
MENTIONED IN THIS ARTICLE
General Theaters
Pennsylvania
Call money steady and short term rates in New York
New York reports call money steady at 3 percent all day. Time loans on various maturities show rates around 3 percent for 30 to 60 days, 3 3 percent for 60 to 90 days, and other notes near 3 percent. Prime commercial paper at 2 percent and bankers' acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Poultry and Egg Markets Reported for New York
New York market notes for June 11 show dressed poultry quiet while live poultry remains irregular with broilers by freight at 20 382 and express 20 45, fowls by freight 20 25 and express 18 25. Eggs total 39,096 with steady prices. Mixed colors and firsts priced around 23 23. Others unchanged.
MENTIONED IN THIS ARTICLE
New York
Butter Prices Down as Scores Edge Lower
Butter prices fell by a quarter cent as buyers pressed for longer lines. Market notes show fresh 93 score butter and multiple scores with varied percentages, indicating a mixed demand and shifting price points.
MENTIONED IN THIS ARTICLE
Chicago
Pittsburgh Produce Market Report June 11
Produce demand slow with mixed wholesale prices. Apples and onions show steady or about steady moves across crates and sacks. cabbage, potatoes, and regional varieties show modest gains or stability as buyers hold back. Butter eggs cheese and poultry unchanged.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York
Texas
Maine Green Mountains
North Carolina
Louisiana Bliss
Dry goods market in New York shows subdued trade
Cotton goods sold today at 5 percent for 38 4 inch 64x60 print cloths, the lowest in years. Trade remained quiet with silk and wool goods markets stable. Burlaps showed little change. Buyers looked for contract deliveries from the new crop as fall garments were displayed in fabric agencies.
MENTIONED IN THIS ARTICLE
New York
New York sugar and livestock prices steady at season lows
Raw sugar held unchanged with Cuban prices easing while late session closes hit new lows for the season. Prices across futures No 1 July to May climb and district livestock quoted with calves and cows showing softness. cattle ranges and hogs also listed with steady to weak trends amid overall quiet trading.
Hog Market Report From Pittsburgh Auction
Pittsburgh market news notes hog categories with prices across weights including heavy and medium classes. Reported ranges show overall price movement with heavies at about 9.65 to 10.35 and mediums near 10.00 to 10.70 per cwt while lights and light lights quote around 10.25 to 10.70.
MENTIONED IN THIS ARTICLE
Pittsburgh
Wheat and Corn Prices Reported for Toledo Opening
On June 11 in Toledo the market shows Wheat No 2 red at 1.0744 up 1.08 percent, Corn No 3 yellow at 84 to 85, Oats No 2 white at 45 to 47, with other grains unchanged.
MENTIONED IN THIS ARTICLE
Toledo
Drought Break Briefly Touches Prairie Wheat Prices
Chicago reports a partial drought relief on the Canadian prairies amid New York market jitters as wheat prices slide. The U S crop report is largely ignored with spring wheat at the lowest condition since 1867, while corn oats and provisions close mixed near day’s end.
MENTIONED IN THIS ARTICLE
Chicago
New York
United States
Chicago Market Summary Hogs Cattle Sheep Prices June 11
In Chicago, June 11, hogs totaled 19 000 with 5 000 direct, demand mixed. Early selling opened strong then faded. top paid 10.15 for a few 180-210 lb loads. Cattle and calves: 10 000 and 3 000 head, generally lower with undertone down 25+ on killing classes. best heavy steers around 13.00, various weights and grades listed. Sheep and lambs: 10 000 head, native lambs steady early then bids down 25+, fat lambs 12.00-12.50, ewes softer to 3.50 down.
MENTIONED IN THIS ARTICLE
Chicago
GM stockholders rise 165 percent in year to Feb 15
Alfred P. Sloan reports General Motors common stockholders grew 165 percent in the year ending February 15. In the first quarter there were 218,392 holders, including 84,819 women, a gain from the previous year.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Alfred P. Sloan
General Motors Corporation
General Motors
Gen L W Stephens elected commander in chief of United Confederate Veterans
Gen L W Stephens of Coushatta Louisiana was chosen commander in chief at the fortieth annual reunion in Biloxi Mississippi. He served in company EH twenty seventh Louisiana infantry and fought in the Army of Tennessee through several major battles.
MENTIONED IN THIS ARTICLE
L. W. Stephens
Coushatta
United Confederate Veterans
Biloxi
Mise
Stephens
Twenty Seventh
Louisiana Infantry
Army of Tennessee
Hiawatha Miner In Critical Injury After Fall
Hufford Cooper twenty one of Hiawatha Mercer County was admitted to St. Luke’s hospital in critical condition after a slate fall in the Enmis Coal mines. He was injured by a heavy fall of slate while at work yesterday afternoon.
MENTIONED IN THIS ARTICLE
Hufford Cooper
Hiawatha
Mercer County
St. Luke’s Hospital
Cooper
Enmis Coal Company
West Virginia considers encampment sites for state department
In Moundsville Parkersburg Wheeling Fairmont and Morgantown are among cities under review for the next state encampment of the West Virginia department. G A R Wheeling hosts the annual state convention of Knights of Khorassan. White Sulphur Springs pharmacists discuss dr velopment and distribution of narcotics and medicinal alcohol with authorities. Robbers take merchandise from a Rowlesburg store by truck. Morgantown and Wheeling chosen for Allegheny regional advisory meeting September 11 12. Penobscot mine workers strike over loaders pay and dead work. Edgar C Lawson restores right to sue to test insurance statutes. Joe Miller of Charleston seeks GOP state senate nomination. Williams O'Brien of Buckhannon seeks Dem Congress nomination. Ben Tree killed in truck jump near Charleston. Parole board meeting set for June 17 at state penitentiary.
MENTIONED IN THIS ARTICLE
Moundsville
Parkersburg
Wheeling
Fairmont
Morgantown
West Virginia Department
G. A. R. Wheeling
Knights of Korrassan
Clarkeburg
Rowlesburg
Charleston
Joe Miller
Williams
O'Brien
Buckhannon
Hinton
Lewie White
Bentree
A. G. Jenkins
State Penitentiary
Hancock Investments and Industrial Bulld Ventures Note
The report lists multiple entities including C B Hancock Investments at Binefield West Virginia and First National Bank related references. It notes market figures and a June 11 closing date for several items tied to Indian Territory and Cities Service Common with values around 75.00 and 108.06.
MENTIONED IN THIS ARTICLE
C. B. Hancock Investments
Binefield
West Virginia
First National Cantean Ete
Indian Territory
Majestic
Ollieries ‘Co
Pocahontas Fuel
Tug River Lumber Co
Inchian Electric
Also Mentioned on This Page
Standard Statistics Co
American Tobacco
Ah Atchison
Baseres
BNA P casesVosen
Chrysler Pt Aaa
Commonwealth
CAM
Dupont
Ices Ceessee Aveteeeer Ads
General Motors Cy
Ese
Jotine-Manvyilte Terete
Kelly Spr
Mmocott
Kolseter
Krogers Oenweewes
Jageert
Myers Ene
Asa
Missouri Pacific
Montgard
Pacife
Owens Bottle
Bt Packard
Stenee
Penn RR
Radio Corp Oeee
Reynolds Tobacco
Sheil Union
Skelly OU
Southern Pacific
Southern Railway
Wabash RR
Yellowstone Park
Canadian Rockies
BY Ahern
R.R
Jessel L. Mann
James Elwood Jones
Mgr. L. Alexander
Tics A. L Merida
I Bale
Pocahontas
Tidewater
Great
Pocahontas Fuel Company Incorporated
Therma
Pocahontas Coalfield
Pocahontas Fuel Company, Incorporated
Virginia
Broadway
Norfolk
Mass
Board of Trade
Cincinnati
Ohio
Traction
Portland
MALNH
Pocahontas Wharf
Foot Moulton
Bluefield
New Bedford
Aikman Street
Onal
Atlantic
Lambert's Point
Sewell’s Point
Norfolk and
Newport News
Great Lakes
Sandusky
Ohto
Savon & Co, Ltd
Lime Street Square
London
E. C
England
Henry Col & Clerci
Piassi
Matteo
Geneva
Pocahontas Fuel Co., Inc
No. 1
N. Y
Liberty
Treasury
Pittsburgh Livestock
Chicago Grain
Federal Reserve
Svotcrel
Vyhe
First National Bank
Bluefield, W.va
Chicago Livestock
Wall Street Briefs
Westinghouse Electric and Manufacturing Company
C. E. Stephens
Atlantic District
N. G. Symonds
W. R. Marshall
San Francisco
Wall Street
Berliner-Joyce Aircraft Corporation
North American Aviation, Inc
Berliner-Joyce Company
National Raw Silk Exchange
Board of Governors
Exchange
Associated Telephone Utilities Company
Workmen's Finance Corp
S. C. Douglas
M. W. Reynolds
Law & Commerce
W. Va
BY Sidney Smith
Arlos
Scooge
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