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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 16, 1933

Page

9

Heavy offerings swamp New York stock exchange

Stocks fell sharply as a rising dollar spurred wide selling in the final hours. Major names including American Telephone, American Smelting, and Case dropped near seven points. The Dow declines and 1,923,240 shares traded reflect the market’s retreat amid dollar stabilization talks.

New York London Stock Exchange Associated Press Wall Street American Telephone American Smelling Case U. S. Steels Southern Pacific Consolidated Gas du Pont MclIntyre Porcupine American Can Union Pacific Kennecott Standard Oil of New Jersey Harvester American Tobacco North American Montgomery Ward Santa Fe

Bond Market Holds Up Amid Stock Slump

In New York, June 15, the bond market remained steady overall as speculative issues faced pressure. Secondary rails and utilities led losses of 1 to 3 points, while high grade issues fluctuated narrowly. total sales were $14,467,000 par value and the average for 10 domestic corporate loans fell two tenths.

New York

Hancock Investments Status Report Highlights Market Notation

C B Hancock Investments notes Aggarochine Electric Power Company 16 as preferred at market. Oitan and Dervige common equity referenced with a June 15 close at a market rate for the issue.

Aggarochine Electric Power Company Oitan Dervige Common

BRYAN, KEMP AND COMPANY QUOTATIONS NOTICE

N Y Stock Exchange quotations service lists Bryan Kemp and Company with address Weet Virginian Hotel Building Richmond and associates James B Mann manager member of New York exchanges including Bluefield W Va and Chicago Board of Trade presence marked by telephone 1800.

N.Y Stock Exchange Bryan, Kemp and Company Weet Virginian Hotel James B. Mann New York Stock Exchange New York Cotton Exchange New York Curb Exchange Chicago Board of Trade Richmond Stock Exchange

New York Curb exchange membership sale and bond updates

A New York Curb exchange membership sold today for 50000 dollars up 1090 from the prior sale. Continental Shares collateral for loans from Union Trust and Cleveland Trust to a bank group will be auctioned June 27 in Cleveland. Walter E Edge elected chairman of Studebaker noteholders protective committee. Several currency rates and international figures listed.

New York Curb‘exchange Continental Shares, Inc Union Trust Company Cleveland Trust Company Cleveland Continental Ohio Walter E. Edge France Studebaker Corporation Noteholders’ Protective Committee

Market Curtains Fall on Final Hour Trading

New York curb market tumbled as profit taking surged in the final hour with losses from 1 to over 5 points. Newmont fell 7 percent while Gulf Oil and Humble Oil eased. Utilities American Gas and Electric and Electric Bond and Share declined 4 and 5 points. Columbia Gas and Electric slid 10 on light turnover with transfers about 825000 shares versus 1080010 yesterday.

New York Curb Exchange Newmont American Gas and Electric and Electric Columbia Gas and Electric Gulf Oil Humble Oil

Foreign Exchange Rates in New York Markets

Foreign exchange trading in New York shows Great Britain at 4.02 percent on demand and cables, 60 day bills at 4.01 percent. France demands 4.68 and cables 4.58 percent. Italy at 6.20 on both demand and cables, Belgium at 16.58, Germany pending.

New York Great Britain France Italy Belgium Germany

Call Money Rates Stand Steady In New York

Call money in New York on June 15 remained steady at 1 percent for 1 day loans and for 60 to 90 day terms. Time loans also held at 1 percent for 4 months and 5 to 6 months, with prime commercial paper at 1 percent and bankers acceptances unchanged.

New York

Government bonds closing prices and notes

United States government bonds closed with Liberty 34s at 102.18, First 4%8 at 101.24, Fourth 4%6 at 103.2, Treasury 4%s at 110.3, Treasury 3%8 at 104.28, and Treasury 3%s (June) at 102.14. Bonds traded in New York on June 15 with various quoted prices and ranges.

New York United States Liberty Treasury

Pittsburgh Produce Prices and Demand Report

Produce demand remains moderate with apples steady at 5 car loads per bushel basket. New York Baldwins and Russets show varied prices. potatoes see stronger activity with 44 car loads and 100 lb sacks. Michigan and Maine stock notes and chocolate limited. Butter eggs cheese and poultry unchanged.

Pittsburgh U. S New York Maine Green Mountains Michigan North Carolina

Butter Prices in Chicago Market Report

Chicago butter market remains steady with fresh 93 score at 22.22 percent and 92 at 21 percent. Other grades range from 91 at 21 percent to 87 at 18 percent with 90 and 89 at 20 percent noted in centralized lots.

Chicago

Sugar market quiet as July to May futures hold steady

New York notes a quiet raw sugar market with spot prices flat at 3.36 and total sales of 41,900 tons. Futures closed small changes across the curve with July at 1.32, September 1.34, December 1.41, January 1.41, March 1.47, and May 1.53. Refined grade maintained at 4.60 for fine granulated.

New York

Dry Goods Market Holds Firm in New York Trade

Cotton goods remained steady with firm sales for October delivery on gray cloths. Men's wear ads show sustained gains while coatings and silk items edge higher in today's New York market activity.

New York

Turbulent Chicago grain trade on tax talk unsettles wheat

Chicago markets opened with divergent views on proposed maximum processing taxes and farmer bonuses August 1. Wheat fell about 1.1 percent after a nervous session, corn rose around 4, oats advanced, and provisions moved between a 7 cent drop and 2 cent gain.

Chicago

Grain Prices Reported in Toledo Market

Toledo grain prices show Wheat No. 2 red at 72.72 percent and No. 1 red at 73 percent. Corn No. 2 yellow at 42 43, No. 3 yellow at 41 42 percent. Data No. 2 white at 28 49 29 percent, No. 3 white at 28 29 percent.

Toledo

Chicago Livestock Prices and Movements Report

Chicago livestock market data for June 15 shows hogs at 4.50 to 4.60 for top rails with bulk 190-300 lbs, and sows 3.75 to 4.10. Cattle and calves totals reach 56,000 and 2,500 respectively with steers and heifers trading mostly between 5.25 and 7.00 per 100 pounds depending on weight and grade.

Chicago U. S. Dept

Federal Reserve Reports Loans To Brokers Rise

Washington June 15 The Federal Reserve Board says loans to brokers and dealers held by New York member banks for the week ending June 14 totaled 782 million dollars, up 83 million from the prior week.

Washington New York Federal Reserve Federal Reserve Board

Livestock Market Report Mixed Cattle and Sheep Prices

Cattle noted with 550 to 750 pound heifers at 4.75 to 5.85 and cows from 3.00 to 4.25. Sheep sales around 7.25 to 8.50 with steady demand, best lambs to packers at 8.00, yearlings 5.00. Lambs 90 pounds down show 7.36 to 8.00, with common to medium 6.00 to 7.25.

Pittsburgh Livestock Prices Reported For June 15

U S Dept of Agriculture market report from Pittsburgh lists hogs at 1800 head with slow trade 15 to 20 cents lower across weight classes. cattle scarce with weak tone, steers mainly 5.85 to 6.65 per cwt, heifers 3.85 to 5.25, cows 3.00 to 4.00. calves and lambs show mixed steady to firm values, feedyard weights and stocker figures noted for various ranges.

Pittsburgh U. S. Dept

Lancaster Livestock Market Report June 15

Cattle market very slow with beef steers and yearlings scarce. Hogs and sheep show limited activity with prices near previous levels. best calves and stockers show modest demand. Top dealer prices reach 7.00 for select calves, while choice lambs command around 6.25 to 6.50.

Lancaster

Baltimore Livestock Market Report for June 15

Cattle numbers 125, bulls 25 to 3.55, steers 5.75 to 6.00, cows 6.75 to 3.25, heifers 5.00 to 4.50. Sheep 1,200 with lambs 7.50 to 8.00. Hogs 600 with lights 4.55 to 4.90, mediums 4.50 to 5.29. Calves 75 at 4.50 to 5.00, others 3.25 to 4.00.

Baltimore

Jersey City Livestock Market Report Day Edition

Jersey City June 15 Cattle 1,210 including 560 direct. Vealers and calves 1,020 with 560 direct. Nearby vealers 25 5 lower. Others around 25 lower. Good and choice near 5.00 to 6.00. Southern and western 6.25 to 6.50. Sheep and lambs 9,560 with 7,510 direct. Market Glow meat sales 25 lower. Top 8.50. Hoges 1,390 including 1,310 direct. Market steady. Good and choice 174–187 lb weights 6.00. The giant cactus is the state flower of Arizona.

Jersey City

New York Poultry Market Report Highlights Prices

Dressed poultry steady and unchanged. Live poultry no freight quotations. Fowls and ducks largely unchanged. Eggs total 30 357, irregular. Mixed colors show firsts at 13 to 14 percent, seconds at 11 to 12 percent, storage packed, firsts at 13 1 2.

New York

Trade trends and shortages in early 20th century goods

The Associated Press reports rising demand for welding and cutting gases from railroad shops, steel and motor industries. Wool goods trade authorities note scarce women’s wear cloakings and dress goods with mills accepting under half of orders. Pig shipments in the east rise against old orders as new buying slows, a lull tied to April and May commitments.

Associated Press Mille

Carnegie Steel Creates Employee Representation Plan

The Carnegie Steel company, a U S Steel subsidiary in Pittsburgh, announced today the creation of an employee representation system to negotiate wages, working conditions and industrial relations. Officials said the plan is adopted under the provisions of proper colonial regulations.

Pittsburgh Carnegie Steel Company U. S. Steel

Industrial Control Act Labor Representation Plan

The act provides that one employee in every 100 to 300 will be chosen by workers to act as their representative in dealings with the company. This provision outlines the selection and role of shop floor delegates.

Trent Studies Makeup of New School Boards

Charleston West Virginia June 15 The hardest man in the state house to find for a few days will be W W Trent state superintendent of schools After a two day session of county school superintendents he will go into seclusion to prepare for appointing 55 five member county boards of education He expects to announce next Tuesday but may delay He will appoint the first boards to serve until the 1934 general election since the bill passed he has interviewed hundreds of delegations and will see no one until the appointments are made Also noted California’s state compensation insurance fund declared a million dollar dividend to employers in the last fiscal year

Charleston W. Va State House W. W. Trent Trent California

Also Mentioned on This Page

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