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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 16, 1932

Page

11

Wall Street Holds Confidence As Gold Exports Wane

New York markets firm on banking assurances with stocks mildly higher and bonds trending up. The post bonus bill mood steadied as traders expected Senate hurdles, while trade data and steel output offered mixed signals amid volume of 1,154,801 shares traded.

New York U. S Senate House Auburn Cage Western Union R. H. Macy National Biscuit American Telephone American Can Eastman Coca Cola American Tobacco Peoples Gas

Bond market leadership shifts to government securities

The bond market was led by United States government obligations while corporate securities rose modestly. Total sales reached 9.897 million with about 3.5 million in treasury and Liberty loans. Utilities and railroads held a firm undertone as several second tier carriers advanced.

New York United States Government Department Treasury Liberty Loans

Curb Market Strength Edges Higher on Gold Movement News

The New York curb market rose with brisk trading toward 120000 shares, aided by news that the outgoing gold movement was near completion. Utilities were subdued while Industrials stayed mostly quiet as gasoline stocks drew down and crude output rose slightly.

New York

Wall Street Briefs Preview Favorable Crops and Auto Orders

Chicago and Northwestern president Fred W. Sargent says crop conditions are unusually favorable for the rest of the year but notes no pickup in Northwestern territory. Consolidated Gas may delay a bond offering of 30 million dollars in 25 year debentures until markets improve. Auburn Automobile reports 1,800 unfilled orders with 170 new orders daily.

New York Fred W. Sargent Chicago and Northwestern Sargent Perpin Northwestern Consolidated Gas Company New York Public Service Commission FE. L. Cord, Pesolnoms Auburn Automobile Company

Foreign exchange rates and demands in New York

Foreign exchange markets show easy conditions in New York on June 15. Great Britain demand stands at 3.66 dollars with cables at 3.661% and 60 day bills at 3.64. France demand is 3.931/16 with cables at 3.??, Italy at 5.11, Belgium at 13.93, and Germany demand noted but cut off.

New York Great Britain France Italy Belgium Ger

Exchange Quotations and Managers Named

Quotations from the New York Stock Exchange and related markets list James E. Mann as manager and Jack R. Younger as Australian manager. No further details provided on specific stocks or figures.

Global Currency Notes and Market Symbols Snapshot

A list shows country and city monetary figures with multiple percentages and anomalies. Entries include Holland 40.42 Norway 17.99 Sweden 18.74 Denmark 20.02 Switzerland 19.50 Spain 8.24 Portugal 3.37 Greece 0.66 Poland 11.80 Czzechoslovakia 2.97 Jugoslavia 1.78 Austria 13.99 Rumania 69 Argentina 25.79 Brazil 7.65 Tokyo 31.19 Shengeet 30.59 Montreal Mexico City silver peso nominal rate.

Many Holland Norway Sweden Denmark Switzerland Spain Portugal Greece Poland Czzechoslovakia (x Jugoslavia (x Austria Rumania (x Argentine Brazil Tokyo Montreal Mexico City

Call Money Rates Hold Steady In New York Trading

Call money in New York on June 15 remains steady at 2 percent for the day. Time loans show 1 percent for 60 to 90 days and 14 percent for 4 to 6 months. Time commercial paper and bankers acceptances also unchanged.

New York

Government Bonds Trade Summary From New York Market

United States government bonds closed with Liberty 344 at 32 47, Fourth 4% 338 38, Treasury 4% 6 at 47 52 and Treasury 4a at 44 54, Treasury Ho at 46 56, Treasury 3 at 40 43, and Treasury 3 at 98 10, with various fractional yields and prices noted.

New York United States Liberty Treasury Treasury Ho

Treasury Receipts and Expenditures for June Date

Treasury reports receipts for June 13 totaling 7.564 million dollars and expenditures of 26.367 million, leaving a balance of 176.022 million. Customs duties for thirteen days of June amount to 7.794 million dollars.

Washington Treasury Ceipte

Coffee Futures Rally on Brazilian Buying Sparks Session

Coffee opened lower under European selling but rallied on Brazilian buying. No 7 contracts ended unchanged to 4 higher with 1,900 sales. Santos rose 1 to 6 higher with 4,000 sales. Closing quotes show July No 7 at 6.28 and December at 6.19, Santos July at 9.39 and December at 8.94 amid spot quiet.

New York Santos Rio

Sugar futures steady with firm tone and varied contracts

Raw sugar priced 2.75 for spots with buy producers showing interest. Evening close quoted 2.75, September 3? December 3.89, January 3.91, March 3.95, May 4.01. Refined sugar remains at 3.70 for fine granulated.

New York

Produce prices and demand in Pittsburgh market

Pittsburgh market reports moderate demand for apples cabbage onions and potatoes with steady to about steady quotes. New York Baldwins 1.15 per bushel basket. Tennessee 60 lb crates 1.75 2.25. Maine Green Mountains 90 95 per 100 lb barrel. North Carolina Cobblers 3.26 50. butter eggs cheese and poultry unchanged.

Pittsburgh U. S New York Baldwins Tennessee Ohio Texas Maine Green Mountains North Carolina

Trade Trends in Cement Machinery and Shoes May Output

The Associated Press reports Portland cement production in May fell by half from 1931 with shipments 43 percent lower. Machinery sales hit a new low as critics say the tax bill will burden equipment buyers. Shoe production totaled 22 million pairs in May, down from both last year and 1930, per the New York hide exchange and tanners' council.

Associated Press Cemet Department of Commerce New York Hide Exchange Tanners’ Council

Dry Goods Trade Notes From New York Market

Cotton goods show light demand while sheet and pillow case sales are irregular after new lower price lists. Moderate sales of men's wear worsteds for fall are in progress.

New York

Wheat market surges on eastern buying shock in Chicago trading

Chicago grain notes a strong wheat rally as eastern buyers unload massive totals, with one major speculator reportedly holding 2,000,000 bushels and 500,000 bushels at a time. The oversold pit popped while New York markets firmed, sending wheat to an unsettled finish up about 1 to 1 4 at session end, with corn and oats little changed and provisions up to 6 cents higher.

Chicago Galnea New York

Toledo Grain Market Update Sees Mixed Wheat and Corn Prices

Toledo grain prices on June 15 show No 2 red wheat at 45 45. No 1 red 66. Corn No 2 at 30 30. No 3 yellow 20 38. Oats white ranges around 21 22 with No 3 white at 20 21.

Toledo

Jersey City Livestock Prices Reported for June 15

Jersey City cattle sales show 580 head with 3870 direct. Steers steady, bulls steady to strong, cutter to medium 2.50 3.50, cows 26 higher. Vealers 1130 with 810 direct, vealers steady with good to choice 6.50 7.09 and medium 5.00.

Jersey City

Livestock market report shows varied gains and pricing

The market lists calves and hogs with direct sales, noting hogs at 2,490 head with 2,480 direct. Prices show strength of up to 25 cents higher for 160 to 200 pound hogs. Sheep and lambs total 3,040 with nominal market and packing sow prices range from 2.75 to 3.00.

Baltimore Livestock Prices Reported at Baltimore Market

Cattle 100 head steady with steers good to choice at 6.00. medium to good 5.50 to 6.00. dull grades 3.50 to 4.00. cows 3.00 to 3.50. heifers 5.25 to 5.50. Sheep and lambs 600 steady. spring lambs 6.75 to 7.25. hogs 150 higher with lights 4.00 and heavies 4.00. medium 3.90 to 4.15. Calves 75 steady. good to choice 5.00 to 6.00. common to medium 3.00 to 4.00.

Baltimore Ohio

Pittsburgh Livestock Market Report

Pittsburgh market summary for hogs cattle and sheep with price ranges by weight and grade. Hogs light light weights 130-160 lbs fetch 3.75 to 4.15 per cwt while heavier hogs 250-350 lbs bring 3.40 to 4.80. Cattle show steadier demand with steers 900-1300 lbs at 4.60 to 6.10, cows 2.85 to 4.00, veal calves milk fed 5.00 to 6.00. Sheep lambs 90 lbs and up bring 6.15 to 7.50, yearling wethers 3.00 to 5.00.

Pittenburgh U. S. Dept

New York Poultry Prices For June 16

New York markets report steady dressed poultry with live poultry and turkeys showing stable prices. Freight and express costs for broilers and fowls, plus egg values around 33.746 cents per dozen, are listed with regional variations in packages and private store sales noted.

New York Pene Steady Atore

Chicago Market Prices for Cattle Sheep and Hogs June 15

The Chicago market report lists hogs at top 3.80 and 3.00 for lighter weights with 17 000 head, cattle at 6 000 head and calves 2 000, hogs shown with weight ranges and prices, cattle grades from good and choice to common, and sheep 9 000 head with lambs and yearlings priced from 4.00 to 7.00 depending on weight and grade. Sheep showing a downward tendency with most natives 6.00 to 7.00, yearlings 4.00 to 5.25.

Independent Club to Meet at Henry E Evans Home

The Independent club will hold its weekly final meeting tonight at 8 o'clock at 304 Marshall Street the home of Henry E Evans Edward B Glenn is president A hodge podge party is planned for Friday evening at Bland Street home of Mrs Hattie B E Linkford under the John Stewart M E church Woman's Home Missionary society Guests are asked to hodge podge their costumes and a fashion parade with a prize for the rarest creation is planned

Independent Club Henry E. Evans Marshall Etreet Edward B. Glenn Hattie BE Linkford Bland Street Woman's Home Missionary Society John Stewart M. E. Church

Night program at North Side United Holy Church

A program will be rendered tonight at 8 o clock at the North Side United Holy Church. The public is cordially invited.

North Side United Holy Church

Prayer Band Meeting At North Side United Holy Church

The Women’s Missionary Praying Band of North Side United Holy Church meets today at 3 PM at Mrs. Tom James’s home on North Mercer Street. All wishing to join in prayer are invited. Reverend Mrs. Mary L. Glenn is pastor.

Women's Missionary Praying Band North Side

Soul-stirring sermon at Blake Chapel A M B Zion

The Rev. S. H. Hazzard will deliver a soul-stirring sermon tonight at 8 o'clock. The public is invited to attend at Blake Chapel A M B Zion.

FORM BOYS GROUP ORGANIZES IN YMCA ROOM

A large group of boys met yesterday in the YMCA room on Scott street and formed a community wide organization to provide moral and 60 day guidance during the vacation period. The project aims for permanence and operates under the community council with Rev. Thomas G. Howard directing the meeting alongside Rev. A. L. Polk and Rev. J. A. Walker.

M. C Scott Street Community Council Thomas G. Howard A. L. Polk J. A. Walker Polk

Fess Opens G. O. P. National Convention as Temporary Chairman

An exclusive photograph captures Senator Simeon D. Fess, national Republican chairman, as he appeared on the speaker's platform in Chicago's stadium Tuesday to giveled the opening of the party's national convention in his role as temporary chairman.

Simeon D. Fess National Republican Chicago

New Boy Scout Council Formed With Rev Walker Leading

Rev Walker and other male members will act as big brothers in a new boys organization. The next regular meeting is set for Tuesday June 21 at 6 pm inviting all boys in teens and younger to join. Parents and citizens are urged to support efforts for a clean and manly standard. Committee chairmen should meet at the Y M C A Friday June 17 at 3 pm, instead of Thursday.

Tor Rev. Walker

Meeting Postponed by A M E Zion H and L society

The A M E Zion H and L society postpones until Friday night meeting at Mrs John Browns Cole street at 7 pm with Bilder Hazard conducting services. Mrs Holt hosts the Ladies Aid society of John Stewart church at 3 30 this afternoon inviting all ladies to join the special effort from Mrs Robinsons meeting. visitors welcome.

A. M. E. Zion H. and L. Society John Brown Cole Street Bilder Hazard

Ambassador Edge Plans to Resign from Paria Post

Ambassador Walter B. Edge intends to resign his Paris post March 4 and will not seek reappointment if Hoover wins the election. He cited family duties and the need to educate his four abroad children as reasons, noting the depression has harmed his personal fortune.

Chicago Ambanesador Walter B. Edge

Advertising blamed for dullness in modern life

A present day reflection blames advertising for a large share of cultural dullness. The piece critiques commercial messaging and its impact on public taste, noting how pervasive ads shape daily routines and perceptions.

Pittsburgh

Hancock Investments Markets Mixed on Preferred and Common Values

Cities Service reports a $6 preferred at market and a $7 preferred at market. Cities Service common closes at 2 percent lower on June 1b, reflecting trading activity across the utilities sector with Agguiaedian Electric Power Company mentioned in relation to preferred listings.

Advertising and fear cited as drains on stores says Thompson

J W Thompson of Youngstown frames shopper sentiment at the National Retail Dry Goods convention. He warns that stores overuse advertising and price cuts to the point of weakening foundations and urges better merchandising to restore confidence.

J. W. Thompson Youngstown National Retail Dry Goods Association Wall Street

Police Seek Two Men In Slaying Near Beverly Hills

Police hunt two men suspected of fatally shooting Merton L. Jenks, a Beverly Hills mining man, during an attempted holdup in the Lankershim Park area. Jenks was with Mrs. Helen B. Moffitt, who described the real estate trip. her husband Norville was also questioned. Neither suspect was detained.

Los Angeles Merton L. Jenks Beverly Hills Lankershim Park Mountain Jenks Mra Helen B. Mofflit

Spanish General Arrested in Plot to Restore King

General Emilio Barrera a key figure under Primo de Rivera era is arrested in Barcelona charged with involvement in a plot to restore King Alfonso. His son and Baron de Mora were seized in Madrid as authorities say a names list from Mora’s house revealed Barrera’s link to the conspiracy.

Barcelona Spain Emilio Barrera Primo de Rivera Alfonso Baron de Mora Madrid Barrera

Friend of Noted Gangster Slain in Detroit Cabaret

Milford Jones, described as an associate of gangsters Fred Burke and Gus Winkler, was found shot in the back at a Detroit cabaret. Police questioned owner Jack Green and detained three women present during the shooting as detectives investigated the incident.

Detroit Milford Jones Fred Burke Jack Green Ito Jones Burke Gus Winkler

Also Mentioned on This Page

Standard Statistics Co iUtty Ind R.R Rene Wall Street Briefs N. Y. Stock Exchange Bryan, Kemp and Company West Virginian Hotel Bluefield, W. VA New York Stock Exchange New York Cotton Exchange New York Curb Exchange Chicago Board of Trade Richmond Stock Exchange James E. Mann Jack R. Younger Werdaee du Pont Sss Socace Eastman Koda Aisa Ween Dl Motors Paramount Aifea Penick Ford Federal Water Service Enney J Cc Ist Ae Sionwart Foster Heeler Pennayvania R Freeport General Amer Tank N. J Spe Mills Eral Foods Tewee Die Corpu Seeeebenes American Steel Oe Eral Keith Stenenriss Hershey Ay Atlantic Auburn Auto Hupp Motors Eeheee i Aviation Corpn Ilinois Central Harvester Southern Pacific Bendix Ava Southern Railway Best Standard Brands Bethlehem Steeleee Tel Tewee Aera — Co Johns Manville Kelvinator Man Kennecott Copper Ave Tewart Warner Ad Union, Gas Geeeneer Roger Groe Uu Btone and Webster Lambert Co Studebaker Eqnewaree Liggett and Myers B Texas Coree Texas Gu! Sul I“ Case Wereeeree Lowe's Itt Transamerica Corp Chesapeak Louisville van Nash Underwood Fillett Ie Chesa Union Carbide St. P McKeesport Tin Union Pacific Meesson and Robbins Ae United Aircraft United Carbon Chrysler NATO Pacpee Alcotol Montgomery Ward Col. Elec Nash Denee Cash Register Util Power and It Vanadium Steel Genel Nat. Diatiliers Warner Pictures Continental Can Power and Light Western Maryland Continental Insula Nat. Steel Seeewedee Uu Il Continental Oil Norfolk and Western N. Y. Central Westinghouse Aburake American Aviation Woolworth Westinghouse Aly Worthi MP Llly Delaware Coders Otis Chicago Grain Toledo Grain Jersey City Livestock Baltimore Livestock Pittsburgh Livestock NEW York Poultry Chicago Livestock Wesfern Packere Elty Butehera News OF the Colored People Edge O. J. Alexander Harry Bowen James Ellwood Jones H. J. Hawthorne Arthur J. MacBride R. L. Wallace Pocahontas Fuel Company Incorporated ONE Broadway U. 8 Pocahontas Great Lakes Reprey Atlantic Coast Tidewater Lambert’s Point Sewall's Point Norfolk Newport News New Bedford Mass Salem Mystic Whartton Portland Sandusky Boston Mass New Bedford, Mann Portland, Maine Norfolk, Va Bluefield W. Va Cincinnati Detroit, c Moxey, Savon & Co., Ltd Lime Street Square London I. C England Coal Trading Association Rotterdam Frederick Gundersen Bergen E. Pinto Basto & Co., Ltd Lisbon Portant A. Henry Cor & Clerici Freckles Ditmar Estate Rose Hill Blosser Clarce Nenrietta T Question BY Sidney Smith Mope Krap Buly
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