High Grade Bonds Show Steadiness Amid Market Selloff
Stock markets faced the severest liquidation of the year as prices fell across most issues. Only high grade bonds held, with declines in New York bank stocks and broad selling cutting many major prices to new lows. Grain weakness and uncertain second quarter earnings weighed on sentiment while some large holders pulled back.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Hears
Chicago
New York Exchange
American Telephone
U. S, Steel
American Can
New York Central
Atchison, Consolidated Gas
Standard O1
New Jersey
Westinghouse Electric
Steel and
Can
Westinghouse
New York Money Market Rates Mixed as Rates Edge Up
New York on June 16 reports call money steady to high around 24 percent with low 2 percent, time loans varying by term with rates from 2 to 4 months, and bankers' acceptances holding near unchanged levels. Prime commercial paper at 3 percent.
MENTIONED IN THIS ARTICLE
New York
Bond market closes with varied U S issues in New York
In New York on June 16 the government bond market closed with a mix of prices for Liberty bonds and Treasury issues. Notable quotes include Liberty 8166, First 468 at 102.8, Fourth 41-102.24, and Treasury 4s at 108.25 with Treasury 3%s around 201.17.
MENTIONED IN THIS ARTICLE
New York
United States
Liborty
Nnbodescnenens
Treasury
Ragged Bond Market Dulls Stocks in New York
The New York bond market opened weak as stock declines outweighed easy money. Convertible and warrant bond issues saw heavy selling and several fell to year lows while best grade domestic issues stayed relatively steady amid wide fluctuations.
MENTIONED IN THIS ARTICLE
New York
Market declines tempered by lower short term rates
Shares fell as two point losses were common while foreign bonds and U S governments held. Selling reflected need to protect stock market accounts. A key factor supporting prime issues was further easing of time money rates on short maturities, with call money at 2 1/4 percent.
MENTIONED IN THIS ARTICLE
United States
Foreign exchange quotes and world currency rates
New York reports irregular foreign exchange figures with Great Britain at 4.855 dollars and 60 day bills at 4.83 percent. Other listed demands include Belgium 13.94 percent, Germany 23.84, Holland 40.19, Norway 26.75, Sweden 26.84, Denmark 26.74, Switzerland 19.37, Spain 11.67, Poland 11.25, Czechoslovakia 2.96, Yugoslavia 1.765, Austria 14.10, Romania 5944, Argentina 47.379, Brazil 11.25, Tokyo 49.42, Shanghai 36.00, and Montreal 100.03.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Raw sugar futures ease to season lows in quiet session
New York June 16 There was no change in raw sugar today as futures slipped to new season lows. Approximate sales reached 49,500 tons with No 2 contracts closing 2 to 5 points higher or lower and no sales. Refined prices held at 4.50 with a 10 point rise planned to 4.60 tomorrow by Eastern refiners.
MENTIONED IN THIS ARTICLE
New York
Poultry Market Prices Reported for New York
The June 16 market notes show dressed poultry prices for chickens ducks and turkeys with figures for fresh and frozen states. Live fowls and various graded categories like extra firsts and seconds appear alongside regional hens and white varieties with percentages and price ranges.
MENTIONED IN THIS ARTICLE
New York
Hennery
Pacific Coast
Butter Prices Steady Amid Ample Supplies Chicago
Butter prices were unchanged today as supplies remained ample though not as plentiful as last week. Quotations show 93 score at 2244, 92 at 33 percent, 91 at 21 percent, 90 at 80, and other scores with figures like 9 and 2944 reflecting market data.
MENTIONED IN THIS ARTICLE
Chicago
Pittsburgh Produce Price Report June 16
Pittsburgh Produce lists moderate demand with mixed movement across fruits and vegetables. Prices feature New York Baldwins 2.25 to 2.50 per bushel, Mississippi crates 2.25 to 2.50, onions and potatoes steady, and regional items including Maine Green Mountains 2.75 to 3.00.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York Baldwins
Mississippi
Tennessee
Texas
Maine Green Mountains
North Carolina
Cheese and Poultry Price List Spread
A dated price list shows New York full cream mild cheese and various poultry items with weights and price ranges. Entries include heavy hens 23 to 24, leghorns 16 to 18, broilers 28 to 48, fresh killed hens 38 to 40, and hog dressed at 34435.
MENTIONED IN THIS ARTICLE
New York
Market Report Pittsburgh June 16: Hog Cattle and Calves Prices
Hog prices range from 9.75 to 10.85 for different qualities with 8 9 75 10.50 listed. Cattle show slow uneven trade with steers 11.00 11.60 and cows 5.75 8.00. calves 4.00 15.00, milk fed high at 16.00 11.00. Sheep generally steady with good and common categories priced 8.00 11.50.
MENTIONED IN THIS ARTICLE
Pittsburgh
Toledo Seed Prices See Edges In Market Report
Toledo market notes list grain and seed prices dated June 16. Wheat No 2 red firm at around 1.00 9. Corn No 3 yellow about 0.79 TS0 oats No 2 white 0.42 to 0.44. Barley 0.60. Rye 0.76. Clover seed cash domestic new 11.80 October 18.60 December 12.80. Choice cash new 12.00. We cash 11.00 October 11.00.
MENTIONED IN THIS ARTICLE
Toledo
Cotton goods dull and prices weak at opening
New York city June 16 reports dull demand in the gray goods division with weak prices. Finished goods show moderate demand while raw silk quiet and easier with some late Japan market activity. Silk goods selling moderately. wool goods open quiet and burlaps unchanged.
MENTIONED IN THIS ARTICLE
New York
Japan
Wheat, grain prices plunge on tariff news and fears
Chicago traders drove wheat down as much as 4c a bushel amid stock market weakness and talk of retaliation against U S agricultural products. All grain values collapsed, July wheat fell to the lowest since 1914 and Rye to the 1900 low, with the tariff bill at the White House for President Hoover's signature. Closing quotes showed further declines across grains and unchanged provisions.
MENTIONED IN THIS ARTICLE
Chicago
United States
White House
Hoover
Chicago market hogs and cattle bids report extensive sale results
Hogs 43 000 head with 20 000 direct buyers bidding scarce strong prices. Cattle calves and bulls showed mixed demand with steer trade slow and weak to 25 lower, slaughter classes quoted from 7.40 to 13.00 for beef cuts, vealers and stockers active at varied weights, sheep and lambs mostly higher with native lambs around 12.00 to 12.50 and fat ewes down to 2.50.
MENTIONED IN THIS ARTICLE
Chicago
Wall Street Briefs on Major Hydro Electric Equipment Order
The Associated Press reports New York June 16 that an order exceeding $1,000,000 for electrical equipment was placed for the hydroelectric development under construction. The move signals strong industrial activity as the project advances.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Hancock Investments and City Service listed in Bluefield notes
Fragmented financial snippet lists C B Hancock Investments in Bluefield and the Cities Service Co related notes. It mentions Majestic Collieries Pocahontas Fuel and Appalachian Electric Power with values and a June closing reference. The legible content shows market activity and listed bonds or preferreds with small price figures.
MENTIONED IN THIS ARTICLE
Cities
Ben Wid
Indian Territory
Majestic Collieries ‘Co
Pocahontas Fuel
Tur River Lumber Co
Appalachian Electric Power
Utilities Expand Osage River Generation At Bagnell
On the Osage river at Bagnell Missouri the Union Electric Light and Power company placed orders with Westinghouse for six 29888 EVA waterwheel generators and seven 160 kilowatt motor generator sets. Frank Phillips reports Phillips Petroleum earnings up 16 percent for the first five months and 44 percent for May compared with a year earlier. Kolster Radio extends its stock deposit deadline to September 16. American Machine and Foundry approves increasing authorized common to 1,500,000 shares, with five new shares for each old share. 8 8 Kresge launches public financing with 2 million dollar five percent mortgage bonds due 1945, yielding 6.15 percent.
MENTIONED IN THIS ARTICLE
Osage River
Bagnell
Westinghouse Electric and Manufacturing Company
Union Electric Light and Power Company
St. Louis
Frank Phillips
Phillips Petroleum Company
American Machine and Foundry Company
Kresge Company
Kreege Administration Plans New Cass Park Office Building
A Detroit New York report notes the Kreege administration advancing a single office building project on Cass Park with June 16 dates and Flour as a barely steady detail.
MENTIONED IN THIS ARTICLE
New
Kreege Administration
Cass Park
Detro
New York
West Virginia crops face drought amid strikes and damage
In Charleston prolonged drought threatens crops across the state while multiple accidents and fires affect communities. Cecil F. Taylor, 22, was struck and killed in St Albans. Harry Meadows, 19, died when a truck overturned near Lewisburg. a Montgomery Ward auto accident near Martinsburg involved Helen Bloom of Parkersburg, who settled for 6000 dollars. The state board of control authorized canceling a labor related contract with Gordon Fast Coast Shirt Co of Chicago. Executives of the flat rolled steel industry convene in White Sulphur Springs for a three day conference. Fairmont halts telephone links to Clarksburg and Charleston after a fire. Morgantown's bridge survey is declined. a mine tipple fire near Booth causes 10 000 tons loss.
MENTIONED IN THIS ARTICLE
Charleston
West Virginia
Cecil F. Taylor
St. Albans
Lewisbore
Harry Meadows
Montgomery Ward Company
Ersburg
Helen Bloom
Parkersburg
Charlestom—State Board of Control
Gordon Fast Coast Shirt Company
Chicago
Fairmont
Clarksburg
Morgantown
State Road Commission
Sead
Booth
Deaf mute ruse noted in San Francisco petty theft case
Ed Quinn faced Judge Steiger on petty theft charges and signaled with penciled notes to appear deaf mute. The judge remarked he dislikes sending a deaf mute to jail and replied with a thirty day sentence.
MENTIONED IN THIS ARTICLE
San Francisco
Ed Quinn
Also Mentioned on This Page
Denyright
Standard Statistics Co
American Allied C
American C
American Locomeotiv
Anaconda
Armour
Atchison
Atlantic
Auburn Auto A 116 Band Co
Barnedall “A
Hebiehem Steel
Canadian Pacific
Csscessees Seeue
SOUR
CMS
Sete
Chicago Northwestern
Boss
Chrysler
Dupont Cess
Eastman
General Motors
Hudson Motor
Mary
Johna-Manville
Seenewee
Kelly
Koister
Krogers
lAmgett and Myers
Dveverseseeeevel
N . Eee
Mexican Seaboard
Owens Solo Cevereneesereens
Ed 21 Radio Corp
Southern Pacific
Southern Railway
Cal Co
Texas Corp
Wee Pacific
Western
Maryland
Weatinghouse
Willys Overland
Ogee Woolworth
Eeeereee
Weno
BY Ahern
Gamin
Uncle Amos
Adhins Waajiees
High
Saew
Mana
Dames Kinvoe Jones
Mara Te
Litewinds
R. Jocha
R. Hawthorn Pocahontas Fuel Company
Incor
Pocahontas
Tidewater
Pocahontar Fuel (Company Incorporated, Lsee
Pocahontas Coalfield
Pocahontas Fuel Company, Incorporated
Virginia
Broadway
Jorfolke
Mass
Board of Trade
Cincinnati
Ohio
Traction Builetins
Portland
Maine
Pocahontas Wharf
Moulton Bluefield
Pocahontas Building
New Bedford
Aass
Foot of
Milliman Street
Lambert's Point
Seweill's Point
Norfolk
Newport News
City Piers
Rendusly
Pare
London
Agenta
Moxey, Savon & Co
D. C
Indiena
Agena
Henry Coe & Clerc
Piase
B. Matteo
Geneva
Cucu
Pocahontas Fuel Co., Inc
N. Y
Pittsburgh Livestock
BY Martin
Boots
Prince Franz
TRING
Fero
Chicago Grain
Chicago Livestock
Wall Street Briefs
C. B. Hancock Investments
Bluefield
First National Bank
General Foods Corporal
Kolster Radio Corporation
National City Bank of New York
Bluefield, W.va
Scooge
Wim
Bim
BY Sidney Smith
Wien
Carlos Dovut
Tmely
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