Market Reopens Steady After Sluggish Day In June Trade
Wall street closed with a steady tone after a slow session as traders awaited clarity on short interest. News of gold releases by the Fed and gains in rails helped offset profit taking, with U S Steel and General Electric edging higher and rail shares rallying at session end.
MENTIONED IN THIS ARTICLE
Bears
Stock Exchange
Hoover
Indianapolis
Interstate Commerce Commission
Atchison
Union Pacific
New York Central
Canadian Pacific
Northern Pacific
Northwest
Canada
Wall Street
U. S. Steel
General Electric
American Telephone
American Can
Lambert
International Telephone
Eastman
Bond Market Mixed as German Debt Leads Rally
Bond prices fluctuated with uneven turnover on June 16. German obligations showed notable strength while railroad issues lagged most of the day, though several rallied in the final hour. Industrial and public utility bonds were varied amid broad activity.
MENTIONED IN THIS ARTICLE
New York
Hancock Investments and Mullens Grocery Listings
Bluefield and Mullens entries show investment offerings and trade shares. Mullens Tradamental Trust shares appear with market timing noted as opening June 16. An 11 percent figure is mentioned for a rate or yield.
Market closes steady after late-session firmness
U S stocks wavered into the final hours before turning firm and closing steady. Government issues held near yesterday’s final levels as traders weighed data and policy signals.
MENTIONED IN THIS ARTICLE
United States
Treasury receipts and expenditures for June 13
Treasury receipts for June 13 totaled 9,113,772.37 with expenditures of 8,884,678.61 leaving a balance of 42,189,454.50. Customs receipts for the month through June 13 reached 12,750,143.83.
MENTIONED IN THIS ARTICLE
Washington
Treasury
N Y Stock Exchange Quotations Managers Named
James E. Mann named Manager and Jack R. Younger named Assistant Manager for the New York Stock Exchange quotations desk. Both appointments cited by the exchange indicate leadership changes in the quotation department.
MENTIONED IN THIS ARTICLE
Isaac T. Mann
James Ellwood Jones
Owl Alexander
Arthur J. MacBride
Satesh L. Wallace
H. MN. Hawthorne
Foreign exchange rates quoted for major currencies
New York June 16 foreign exchange firm publishes rates for Great Britain in dollars and other nations in cents. Key figures include Great Britain demand 4.86 percent, cables 4.8614, 60 day bills 4.847/32, France 8.9111/16, cables 3.91 percent, Italy 5.23 percent, cables 5.2317/32, Belgium 13.92, Germany 23.72, Holland 40.26, Norway 26.77, Sweden 26.78 percent, Denmark 26.77, Switzerland 19.41, Spain 10.08, Portugal 4.44, Greece 1.2944, Poland 11.25, Czechoslovakia 2.96, Jugoslavia 1.77, Austria 14.06, Rumania 0.59, Argentine 30.50, Brazil 8.00, Tokyo 49.33, Shanghai 28.87, Montreal 99.65, Mexico City gold peso 49.10.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugvslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Mexico City
Call Money Rates Hold Steady Across U S Markets
New York sum raises call money steady at 1 1 percent all day. Time loans firm with 6 days at 1 1 percent, 8 4 months at 1 percent, 5 6 months at 1 percent. Prime commercial paper remains at 2 2 percent and bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Raw sugar futures close steady after covering trade
New York trading on June 16 showed raw sugar futures finishing 1 to 2 points higher after opening unchanged to a 1 point decline. Trading included increased covering and trade buying with approximate gale totals around 25,450 tons. July 1.20, September 1.29, December 1.37, January 1.39, March 1.45, May 1.51. Refined sugar unchanged.
MENTIONED IN THIS ARTICLE
New York
Butter prices fall on light demand across scores
Chicago June 16 butter prices declined percent cent today on all scores due to heavy offerings and indifferent buying. Fresh 93 score 21, 21 percent 4, 92 20, 91 20, 90 19, 89 19, 88 18, 87 18. Centralized carlote 90 score 20, 89 19, 88 18.
MENTIONED IN THIS ARTICLE
Chicago
Cincinnati Produce Market Notes
Cincinnati reports mixed grain and produce prices with quiet trading and slight percentage changes. Notes include Eses, firsts and seconds with grading details and nearby ungraded percentages reflected in the market snapshot.
MENTIONED IN THIS ARTICLE
Cincinnati
Produce and dairy price report from Pittsburgh June 16
U S and Pa Depts of Agriculture note demand for cabbage onions potatoes butter eggs and cheese with varied price ranges by region and stock. Cabbage and onions show steady to weaker demand across multiple districts while potatoes trade steady with several regional varieties listed. Poultry and dressed poultry prices are unchanged with specific per unit figures for hens leghorns broilers springers and ducks.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
Ohio
Marietta
Tennessee
North
South Carolina
Georgia
Bliss
Louisiana
Maine
Green Mountains
Dry Goods Trade Quiet in New York Markets
Cotton goods showed quiet activity with moderate sales of odd print cloth yarns and fine gray goods. Burlaps firm in spot markets after firmer Calcutta cables. Wool goods suiting for fall nearly sold for July August delivery. No change in raw silk. Rayons selling in moderate lots with rising inquiries for fall acetate cellulose yarns.
MENTIONED IN THIS ARTICLE
New York
Calcutta
Wall Street Briefs Announcement on ITT Kreuger Toll Purchase
New York June 16 An announcement regarding the proposed purchase by International Telephone and Telegraph corporation of a substantial part of the Kreuger and Toll holdings of the L M Ericsson Tele-
MENTIONED IN THIS ARTICLE
New York
International Telephone and Telegraph Corporation
Kreuger and Toll
L. M. Ericsson Tele
Telephone company of Sweden expected within a few days
Checks were issued today to all subscribers to the management pool in Transamerica shares last December, refunding the full contributed sum with 4 percent interest for the period the pool managers held it. the pool did not buy Transamerica stock. A plan to reorganize Southern Sugar, in receivership since June as United States Sugar, calls for about 7.2 million dollars in bonds and debentures and 545 thousand shares of common stock.
MENTIONED IN THIS ARTICLE
Transamerica
Candicate
Transamerica Corporation
Southern Sugar Company
United States Sugar Corporation
Toledo Grain Report From June 16 Markets
Cash grain on track with nominal price shifts. Wheat trading at No 1 red 75 4 percent, No 2 red 74 percent, corn No 2 yellow 56 57, No 3 ware 55 56. Seeds in warehouse unchanged. Corn modestly down, oats mixed with declines up to 10 cents. Provisions vary by 5 cent declines to 10 cent rises.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
Grain prices slip as farm board stance steadies
Chicago on June 16 reports show wheat prices drifting after official statements suggesting continued competition between farm board allies and private grain interests. Russian dispatches claim 60 million acres sown in spring wheat, up from 50 million a year ago. Wheat closed nervous and unchanged.
MENTIONED IN THIS ARTICLE
Chicago
Farm Board
Poultry Market Report From New York Trade
New York Poultry market notes unsettled prices for mixed color and heavy classifications with varied percentages for extra first and first grades. Dressed poultry remains steady while live broilers show no notable change, with terms indicating standard packing and regional variety in browns and whites.
MENTIONED IN THIS ARTICLE
New York
Freight and express rates for fowls ducks and freight
Freight 18 28 by express 2035 fowls freight 18 722 express 16 22 ducks freight 13 15 express 23
MENTIONED IN THIS ARTICLE
By Express
Express
Ducks
Baltimore Livestock Prices From June Market Report
Baltimore stockyards report livestock prices for cattle cows heifers and calves with ranges for quality levels. Steers 4.50 to 8.00, cows 2.00 to 5.00, heifers 4.60 to 6.50, calves 30.00 to 60.00, sheep and lambs 1.00 to 9.25, hogs assorted classes 4.75 to 7.80, with receipts varying by category.
MENTIONED IN THIS ARTICLE
Baltimore
Pittsburgh Livestock Market Report June 16
U S Department data shows hogs at 500 head with varied classes and prices. Cattle entries total around 25 with steers, heifers, cows, and bulls priced from 2.25 to 8.50 per cwt depending on grade and weight. Calves, sheep, and lambs list multiple weights and quality ranges with steady to active trading noted.
Chicago Livestock Market Summary June Report
Chicago livestock figures show hogs steady to strong with top hogs at 7.06 per cwt for 260-350 lb range and cattle and calves fairly active or steady. Slaughter steers and heifers fetch 6.25 to 9.00 per cwt for various weights, vealers up to 9.50, lambs around 7.75 to 9.00, and sheep generally 4.50 to 6.00 per cwt amid mixed holds.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept
Curb Market Mixed Activity Sets Tone At Close
New York June 16 the curb market showed a soft early session that firmed in late dealings with transfers totaling 210,000 shares, matching yesterday. Vacuum rose 2 points amid merger chatter with Standard of New York while Standard of Indiana held firm after Mexican Petroleum dividend omission. Cities Service eased then recovered as utilities moved narrowly and Newmont fell over 2 points on dividend news.
MENTIONED IN THIS ARTICLE
New York
Vacuum
Standard of New York
Stanard of
Standard
Standard of
Indiana
Mexican Petroleum
Newmont
Trade Trends and Metal Markets Report Mixed Outlook
Trade trends show May mail order and chain store activity higher than a year ago, the strongest so far this year per four Bradstreet analyses. Machinery prospects look up with good indications in American Machinist, and a GM executive reshuffle expected this fall could boost independent dealers. Steel ingot production runs near 39 to 40 percent, a milder drop over the past three weeks but not a reliable predictor for the coming period due to softer demand in various consuming sectors.
MENTIONED IN THIS ARTICLE
Bradstreet
Iio Weekly Item and Steel Review
I C C Orders Cut in Rates on Apples
The Interstate Commerce Commission ordered July 1 rate reductions on apples from Virginia West Virginia and Maryland to points east of the Mississippi. It denied delaying the effective date to December 3 and replaced the 35 percent of eastern class rates rule with a 35 percent of present first class rates guideline until the eastern classification rates take effect. The southern classification rate remains unchanged.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Virginia
West Virginia
Maryland
Mississippi River
Meeting notices for colored workers and Legion post
News of the Colored People reports a meeting of the N and W Colored Employee Bet ter Service club and home builders at Mount Zion Baptist church Friday June 19 at 7 30 p m inviting the public and colored employees and families. Roy Scott Poet No 39 American Legion meets today at 8 o'clock at John Stewart Memorial church Jones street with post commander W W Anderson. A recital is presented by Edwards Memorial Presbyterian Church under the Women's Missionary Society on Wednesday evening.
MENTIONED IN THIS ARTICLE
N. and W. Colored
Better Service Club
Home Builders
Mount Zion Baptist Church
N .and W
Roy Scott
American Legion
John Stewart Memorial Church
Jones Street
W. W. Anderson
Edwards Memorial Presbyterian Church
The
Women's Missionary Society
Program notes for Mount Zion Baptist church event
An eight o clock program lists soloists and readings. Annie May Nelson performs a solo, with readings by Mrs. Hairston and Mrs. Bernice M. Martin. The program includes choirs led by Gwendolyn Higginbotham, with a solo by D. M. Prillerman and remarks by C Rollins. Mrs. Houston Brown also performs a solo.
MENTIONED IN THIS ARTICLE
Ning
Mise Annie May Nelson
Hairston
Mount Ziom Baptist Church
Bernice M. Martin
John Stewart
Gwendolyn Higginbotham
D. M. Prillerman
remarked C. @. Rollins
Houston Brown
Kirkland's Pass Free of Charges of Murder
Four of Virgil Kirkland's companions in the death of Arlene Draves were dismissed of murder charges at Crown Point Indiana. Prosecutor Robert Hatill moved to drop first degree murder indictments against Paul Barton Henry Shirk and Davis Thompson after the Novembers Gary drinking party. Shirk and Stanford will go free on all charges. Barton and Thompson face affidavits charging assault and battery with intent to rape.
MENTIONED IN THIS ARTICLE
Crown Point
Ind
Virgil Kirkland
Arlene Draves
Robert Hatill
Lake County
Martin Smith
Paul Barton
Henry Shirk
Davis Thompson
Arlene
Gary
Valparaiso
Ler Stanford
Shirk
Stanford
Barton
Thompson
Estill
Kirkland
Secretary Mellon En Route to London from Southampton
Secretary of the Treasury Andrew W. Mellon landed from the Maurentania at Southampton and traveled to London. He said his trip was strictly personal, to attend his son at Cambridge University who will soon graduate, and denied coming for business or to meet financiers in London.
MENTIONED IN THIS ARTICLE
Southampton
Eng
Andrew W. Mellon
the Treasury
United States
Maurentania
London
England
Cambridge University
Mellon
Change of venue granted for Henry Napier in Madison
Madison West Virginia June 15 a Boone county circuit court judge granted a change of venue to Greenbrier county for Henry Napier former Logan county deputy sheriff charged with conspiracy to damage property tied to an attack on the Coal Valley News plant in Madison Juries failed to reach a decision in three Napier trials Defense counsel moved for the change and it was not opposed The bond of 5000 remained in effect pending Greenbrier county trial set to begin July 20 Napier was charged with Amos Sullivan who pleaded guilty and testified for the state Sullivan's sentencing was deferred
MENTIONED IN THIS ARTICLE
Madison
W. Va
Greenbrier County
C. M. Ward
Boone County
Henry Napier
Logan County
Coal Valley News
Napier
James Damron
A. W. Garnett
Garnett
Greenbrier
Amos Sullivan
Sullivan
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