Readjustment of accounts keeps trend in stone market
Irregular readjustment of accounts keeps the trend in the stock market. In the print cloth division prices moved unevenly while raw silk showed strength and burlaps held steady.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 17, 1928
Page
23
Irregular readjustment of accounts keeps the trend in the stock market. In the print cloth division prices moved unevenly while raw silk showed strength and burlaps held steady.
Irregular stock activity marked by a net decline in many active issues. Final quotes show selling pressure from the start with 1,549,300 shares traded. Recoveries came from bear covering as key names like Radio, Wright Aeronautical, and DuPont rebounded, while International Harvester and others hit new lows before softening.
New York traders saw a steady bond market with government obligations firm in aggregate, while industrials faced pressure and a few issues like Humble Oil and Refining advanced. International Railways of Central America 6 58 led rail gains as weekend profit taking trimmed foreign issues. Treasury 3 58 and Liberty First 4s stood out among government issues seeking higher levels.
Chicago July 16 AP reports favorable spring wheat weather offsetting rain damage to winter wheat. Wheat closing prices were unsettled to 1 4 cents higher, corn unchanged to slightly lower, oats up 4 1/2 to 5 1/2 cents, with provisions showing a rise in price.
New York June 16 AP report notes cot today prices for dry goods with some items advancing as market shows firmer tendency.
Community loan firms and coal companies appear in a fragmented Bluefield notice. References include Askea American Coal Co and Monte Vista Cemetery Park, with entries for grocery firms and purchase of properties or bids, though many words are garbled.
Chicago reports butter and centralized car markets holding steady with minimal trade. Prices appear near parity with brief fluctuations including 93 score and 44, 92 and 43, 91 at 2, 90 at 41 percent and 89 at 40 percent. Virginia central market shows 90 score and 42 percent with $9 and 41 percent, 88 at 40 percent.
New York June 16 AP reports foreign exchange quotations steady in cents. Lists include Great Britain 487 13-16 demand and 488 3-16 cables, 60 day bills 484%. Shows wide ranges across countries including France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Yugoslavia Austria Romania Argentina Brazil China Shanghai Montreal with varied figures.
Pittsburgh markets report steady movement for several items. Potatoes show activity with Maine green mountains at 1.75 to 2.00 per unit and Virginia NC staves 2.50 to 2.75, beans steady in North Carolina, celery steady with Florida best at 2.00 to 3.50, sweet potatoes at 2.35 to 2.50 for Nancy Hall variety.
New York June 16 AP reports four live poultry by freight not quoted while dressed poultry holds steady with no change in quotes.
Flour markets in New York remain barely steady as trade shows limited movement on June 16. Prices inch up slightly amid cautious demand and steady supply signals from mills.
Seed catalog entry lists Woest cash No. 2 red corn at 1.75 per unit and No. 2 yellow at 1.091, 10, cash No. 3 yellow 1.08 1.09, with other grains and seeds unchanged. June 16 note indicates market quotes.
Trustee will sell at public auction on July 12, 1928 at 10 o clock A M at the premises the trust deed in Book 9 page 189 securing Virginia Frances Morfeage s notes. Parcel 1 describes Bluefield Avenue frontage Lot Nos 23 24 and adjacent Lots within Section 298 and 805 with described boundary lines and alleys Rogers Street and 1st Ney 34. The sale is to satisfy the Deed of Trust in the Mercer County Court jurisdiction under the authority in the deed of trust for the mortgage.
Wall Street closes with varied results as major names such as American Locomotive American Smelting and Bethlehem Steel post uneven gains and losses. Trading highlights include declines for some rails and mixed moves across utilities and industrials in a choppy session.
Public notice describes parcel boundaries in Bluefield Mercer County West Virginia including Lat No 24 Section 308 and adjacent lots. It states sale by cash on day of note under Deed of Trust Book 77 page 374 and identifies J M B Lewis IR Trustee signing date June 1928.
Trust deed dated April 27 1987 by Twin City Sterne Company to W J Hieneon and W J Andrews as trustees records a trustee's sale. Property described as a 374 acre land lot in Springdale Acre Farms South Mineheld West Virginia with boundaries along Grove Street Longview Avenue Springdale Addition and Section OG. Sale to secure Shenandoah.
The trust deed secures payment of six thousand dollars with interest at six percent annually, payable semi-annually, due one year after date with principal and accrued interest from October 1937. If any default occurs in principal or interest or renewals, the entire amount becomes due and payable on demand by the bond holder.
A notice indicates a public auction in Mercer County West Virginia to satisfy a deed of trust on a defaulted loan of 6906 dollars principal plus interest. The sale is set for the specified July 1028 date at 3 oclock p m and will occur at the property site or public auction location as required.
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