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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 13, 1951
Page
7
Moderate selling swept the New York market as profit taking dampened prices. Rail, oil, steel, motors, chemicals and airlines led losses while National Distillers rose on its expansion plans and a potential merger with U S Industrial Alcohol. Volume totaled 1.2 million shares with 1,108 issues on the tape.
Across the board, stocks closed lower with many industrials and utilities retreating. Notable movers included Santa Fe and United Air Lines down while Government bonds edged higher in OTC trading and Japanese issues showed mixed readings in the foreign dollar section. Bond sales totaled 2.541 million versus 2.871 million yesterday.
Market summary shows mixed activity with several tickers highlighted by price moves. The report notes large blocks traded by MOE and Curb stocks and references specific values around 2.541 million and 280 thousand shares in brisk turnover.
Chicago livestock: salable hogs 10 000 with price ranges 18 to 23 dollars per hundredweight across various weights. Cattle salable 5 000 including prime steers up to 38.65 and mixed grades from 26 to 39. Bulls and cows listed with multiple price brackets. Sheep 1 000 top 35.00 for small killers, lambs 34-35, ewes 14.00.
Baltimore livestock sale on June 12 shows steady demand across representative cattle classes. Prices include load slaughter steers 3.00 per CWT, commercial cows 28.50 to 50.00, canners 20.50 to 25.00, and canners and cutters 20.50 to 25.00 with sausage pulls 27.00 to 30.00. weights 620 to 887 lb.
Eggs total 28 271 steady with nearby spot quotes for whites and butter at 1 450 994. Creamery cream prices rise above 92 score with fresh AA at 70 44 cents and B and C scores set lower. Wholesale bulk car ton pricing noted for creamery products.
Wheat and other grains rose on the Chicago Board of Trade as short covering boosted futures. Market started shakily after a government crop estimate released yesterday, with cash grain mostly unchanged except for corn and barley price indications.
Bertha Mae Pelfry, 46 and mother of five from Montgomery West Virginia, will receive her high school diploma at Mooseheart Illinois alongside 36 youths. She pursued nursing after her husband died in a 1944 railroad accident while working at the Loyal Order of Moose home.
James E. Shelton president of the American Bankers Association pledges unqualified opposition to the proposed federal withholding tax on dividends and interest at the source. He speaks at the Virginia Bankers Association 58th annual convention in Hot Springs Virginia announcing ABA will oppose the plan with every fair means.
An advertisement for Restin Tablets claims non habit forming relief for sleeplessness and nervous tension. It promotes safe use with medically approved ingredients and a money back guarantee though warns no prescription is needed and urges purchase at Cohen's Cut Rate Store.
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