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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 13, 1947
Page
9
Stocks faced a retreat with losses in steels motors and rubber shares while overall sentiment stayed positive enough for a spotty rally. The day saw 1 949 000 shares traded versus 1 350 000 previous session with American Telephone trading near a 1947 level amid mixed moves.
Stock prices show Coca Cola at a new 1947 high with a 5 percent rise to 169. Others include Norfolk & Western up 3 to 229 Remington Rand 314 on a stock split proposal and International Harvester at 85. Turnover was 350000 shares, with bonds and government notes showing mixed outcomes.
Salable hogs 7,500 with total 11,000. market steady to 25 cents lower. heavy activity on under 240 lb, slower on heavier weights. Top hog price 24.75. most good and choice 300-400 lb sows 18.00. Salable cattle 5,000. calves 700. fed steers and heifers steady to 25 cents higher. beef cows strong, canners slow. bulls steady to 25 cents higher. Top beef load 1,290 lb at 29.00. best heifers 28.00. vealers steady at 25.00. Salable sheep 500 with total 700. few clipped lambs and slaughter ewes steady. other classes scarce. small mixed native slaughter ewes 7.00 down.
Steady wholesale egg receipts total 34 603 with whites at varied prices and butter at 372 879. Bulk creamery quotes run 64 cents for AA, 62 for A, 61 for B, and 59 for C. An odd late 15th century note claims Peter the Great worked in English shipyards to study naval construction.
Chicago grain traders see a sharp reversal in the last half hour as selling drives down prices across pits. Cash wheat figures are mixed with No 2 yellow at about 2.17, No 4 at 2.09, and oats and barley prices listed in nominal ranges.
The crop reporting service forecasts a 1947 wheat crop of 1,634,006 bushels for West Virginia with a 19 bushel per acre yield. Rye 39,000 bushels, barley 216,000, hay harvest begun in May, and fruit crops rated very spotted after heavy May freezes. Peach crop expected at 399,000 bushels. May milk production up to 59,000,000 pounds due to more dairy feeding and flock expansion.
George H. Crumb Jr of Charleston, member of the 1947 Charleston High School class, was selected for membership in the national music camp at Interlochen Michigan in an announcement today. A separate line notes that stock on good soil pastures is larger and healthier than stock on poor pasture.
Huntington June 12 Garland T Brown longtime field auditor for the state tax commissioner’s office in Charleston has been named comptroller of Cabell county schools Superintendent Olin C Nutter said Brown will succeed Garagne Brown formerly supervised stations for the Baltimore and Ohio railroad worked out of Baltimore He has served since 1939 A Chinese coffin four inches thick may weigh as much as 600 pounds.
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