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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 14, 1930
Page
15
New York stocks firmed slightly as investors covered short plays amid ongoing commodity declines. The upturn averaged just over a point in 90 leading issues with dull afternoon turnover and a total of 2,221,900 shares traded over five hours.
United States government bonds finished trading in New York with Liberty bonds at 100.3, First 4% at 102.20, Fourth 4% at 102. Treasury issues showed quotes around 48 and 48. Treasury 3% yields also listed, reflecting a mixed session.
Call money in New York was steady at 2 percent for the day. Time loans were easier for 30 to 90 days at 3 percent, with 4 months at 3 percent and 5 to 6 months at 3 percent. Prime commercial paper at 3 percent. Bankers' acceptances unchanged.
New York on June 18 reports a steadier bond market with firmer tone and easing money rates. Time money declined slightly and call money rose to 2 percent for the first time since March 20 as railroad and amusement convertibles rallied with stocks while others showed erratic movement.
The market saw steady demand for railroads and utilities while German 5s on a when-issued basis declined from yesterday’s high. Total turnover reached about $750,000 as international match 58 rose nearly a point and Liberty bonds hit new highs for the year, with Treasury 4s up a quarter.
Foreign exchanges remained steady with quotes for major currencies. British pound in dollars and several European and other markets show varied demands and cable rates, including France at 3.92 percent demand and Argentina at 37.50, with several currencies listed for direct and cable quotations.
Poultry dressed steady while live birds ease. Broilers freight 20 389, express 15 42. Fowls freight 20 238, express 18 23. Roosters freight 15, express 16. Ducks freight 16. Eggs 28 588, steady nearby. henery brown extra 25 44 and nearby western henry closely selected extra.
Pittsburgh June 13 market notes show hogs uneven and mostly steady to 10 cents higher with some underweights and lighter pigs trading around 9.75 to 10.25. Cattle and calves move varied with steers 9.00 to 11.75, heifers 9.50 to 10.59, cows 6.00 to 8.00, bulls 6.50 to 8.50, vealers 8.50 to 11.50, and milk fed gains noted amid slow calf trade. Sheep weaken overall with rams and ewes down and yearlings 6.50 to 8.50.
Chicago grain prices slid on June 13 as Canada drought relief and favorable U.S. harvest prospects weakened demand. Wheat nearly touched one dollar, closing slightly below yesterday, while corn and oats finished down modestly and provisions mostly steady.
Wheat No 2 red bids 1.04 to 1.05. Corn No 3 yellow 83.4 to 84.14. Oats No 2 white 43.44 to 45. Barley No 2 60. Rye No 2 80. Seed prices noted: 118 for over seed cash domestic new, 11.80 for no cash October new.
New York June 13 reports quiet cotton foods markets with easy tone on gray goods and downward price movement tied to raw cotton. Burlap steady to firmer. Calcutta mills plan 54 hour weekly curtailment for 18 months from July 1 with a one week annual shutdown. raw sick buying rises after Japanese holders revise spot stock prices to 920 yen.
New York June 13 The senate action raising Cuban sugar duty to 2 cents per pound boosts raw sugar prices with July to May futures up 3 to 5 points. No. 2 contracts saw no sales while refined granulated remains at 4.50.
Chicago reports steady butter prices with minor gains on specialized lines. Long 92 score goods command a premium while fresh 93 score and several 90s and 89s show fractional increases ranging around 28 to 31 percent.
Prices and market movement for produce and poultry across regions. Apples and cabbage listed with car counts and steady demand. potatoes and onions show steady movement. butter and eggs noted with standard and grade pricing. poultry figures cover hens, broilers, ducks, geese, and turkeys with various price ranges.
Chicago stockyards report on June 18 shows hogs mostly 10 to 20 cents higher with top loads at 10.30. Cattle and calves steady to lower with feeding and slaughter classes varying. hogs strong, sheep and lambs mixed with several price ranges listed for different weights and grades.
Fragmented OCR shows multiple company names and stock values across Bluefield West Virginia and Indian Territory. Entries include Majestic Collieries Pocahontas Fuel Tug River Lumber Appalachian Electric and Cities Service with prices noted around 120.00 104.00 50.00 108.04, plus references to First National Bank and market quotes.
The Fox Film corporation posted 17 weeks to April 26 net earnings of 5.72 million before interest and taxes, up from 3.90 million year ago. Universal Pipe and Radiator reported a first quarter loss of 114 thousand versus a year ago profit of 10.6 thousand. Commercial failures rose to 489 this week, with solvencies over 5 thousand falling to 278. Data from the New York coffee and sugar exchange show US coffee stocks at 790,206 bags on June 1. Jerome Lewine achieved a record speed market operation from Europe to New York in 49 minutes aboard a speeding train. May life insurance new business totaled 1.098 billion, down 4.7 percent from last May. Caterpillar licensed Bates Manufacturing to build track tractors, dismissing a related suit. Willy s Overland predicts a small six month profit with about 9,000 workers at the Tol plant.
Laramie Wyoming June 13 John Choppy Rhodes Nebraska football and baseball star has been trusted as one of the leading athletics directors in American colleges. Rhodes at 25 served as freshman football coach at Nebraska and led spring drills promising a hustling eleven after assessing material. Wyoming has not won a Rocky Mountain Conference football game in the last two years.
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