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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 19, 1929
Page
11
Stocks edged higher for most of the day but gave back gains late as traders booked profits amid expectations of a midyear credit squeeze. GB flows boosted by London take of 7 million eased fears while Goldman Morgan’s third large utility holding company boosted power and electrical issues.
New York stocks show mixed activity with several major names posting fractional gains and losses. Notable quotes include Allied Chemical at .60, American Can at .55, Bethlehem Steel around 107, and General Electric and General Motors displaying steadier progress. references list numerous other industries from steel and mining to radio and tobacco.
In New York on June 18 bonds rose as two convertible issues American Telephone 4 ½ and International Telephone 4.8 led turnover of about 2.7 million par value and 470 thousand par value respectively. Convertibles gained, with other issues higher as time money stood near percent. Utilities like Columbia Gas and Electric 1s and New York Telephone 6s strengthened, while government issues edged up slightly and foreign bonds remained dull.
Call money steady at 7 percent all day in New York. Time loans easier with 30 days trades averaging 4 to 6 months. Prime commercial paper quoted at 6 percent. Bankers acceptances unchanged.
United States government bond prices listed for Liberty 3s First 458 Fourth 4s Treasury 48 and Treasury 4s Treasury 38 with prices shown as 96.5 458 994 99.3 106.30 103.31 96.14.
New York June 18 foreign exchanges show irregular activity. Exchange demand and cable rates are provided for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Jugoslavia Austria Romania Argentina Brazil Tokyo Shanghai Montreal and other major currencies.
New York market update notes dressed poultry and live poultry unchanged with no freight quotes. Receipts total 51 247 and fresh gathered extras 32 32 percent. extra firsts 31 931 and firsts 20 2014. seconds 29 percent. Nearby whites and browns show varied fancy to extra fancy 4 40 with Pacific coast whites extras 30 4 0 percent.
A June 18 Pittsburgh market snippet shows slow demand for cabbage with 11 car lots. prices listed for Ohio and Tennessee crates and 60 lb crates. Onions move at steady pace with Texas yellows and whites quoted. California crates and base crates show mixed prices. Potatoes remain about steady with No. 1 Michigan rurals at 2.00 and North Carolina and Virginia pricing ranges.
In Chicago on June 18, butter prices climbed with scores between 90 and 93. Fresh 93 at 43 percent and 92 at 43 percent, 91 at 42 percent, 90 at 41 percent. Centralized and Bluefield markets show 90 scores at 42 and 48 percent respectively. prices listed include 7 dollars and 86 cents.
A fragment lists various companies and prices, including Ark Nature's Ges., Blackwood Lumber Co., Cities Serv., West Virginia Armature Co., and West Virginia Leather, with price entries ranging from 24.00 to 177.40. The OCR jams several names, but it preserves a pattern of market quotations for multiple firms.
Raw sugar activity increased with spot prices up 1 3c to 3.58 and a strong futures market. Daily volume reached 359000 bags with July at 1.81 and May at 2.14 as refiners cut prices by 15 points to 4.85 for refined granulated.
Cotton goods markets opened steady with scattered light trading across many types. Burlap pot and afloat markets show slightly more activity and firmer prices while spot raw silks remain steady and quiet at home and abroad.
Toledo grain prices list wheat at No 3 red 1,221.23 corn No 3 yellow 95 96 oats No 2 white 39 50 barley No 2 62 63 rye 1.04 clover seed cash domestic old and new 16.00 cash imported old 12.75 new 13.25 timothy cash old and new 2.80
Baltimore livestock receipts show cattle totaling 59 with steers priced from 10.00 to 14.25 for various grades, heifers at 9.00 to 12.25, bulls up to 10.50, cows mainly 5.00 to 10.50, sheep and lambs about 2.00 to 96.50, hogs with heavy market around 11.90 to 12.20, light pigs 10.50, calves 6.00 to 16.00 across multiple lots.
Reports of needed rain in the spring wheat area south of the Canadian line spurred late upticks in wheat futures. Corn rose modestly while oats slipped and provisions varied, closing with mixed gains and losses.
U S Dept of Agriculture reports hogs receipts 17000 with 1060 direct in Chicago on June 18. Prices range for hogs and sows by weight and quality, cattle and calves show mixed gains and declines, with feeders and yearlings strong, fat cattle mid teens to mid twenties, sheep and lambs steady to lower with native lambs around 15 dollars.
Livestock receipts show cattle and calves steady with varied weights. Hogs reach medium to choice with higher bids. sheep and lambs slow with weak prices across the categories reported by the Pittsburgh market department.
The 1929 Yearbook of Agriculture, third in the series, goes on sale June 13. It surveys recent agricultural science advances in concise articles for general readers, includes Secretary Jardine's final annual report, and compiles 1928 statistics with maps and indexes. About 400,000 copies are printed and distributed by senators and congressmen.
Notice is given that on June 22, 1925 at 10 a.m. at the law and commerce building door in Bluefield West Virginia the real estate lot 12 section 679 on East Prineston Avenue will be sold for cash under a trust deed dated November 23 1920 by 8 H Worley to E H Pasley as truster recorded in Mercer County.
Copies are purchased by the United States department of agriculture for allotment to its bureaus. Those who desire a copy can get one from Congressman Hugh Ike Shortt who will fill requests until his quota expires. Write him at Room 161 an office building Washington.
The health ministry has unified the two halves of the city into a single metropolitan area. Previously the water cart watered only one side, police used tape to locate prisoners by side, taxes varied by side, and one half was wet while the other stayed dry.
Congressman Bowman names Harold O. Keedy county clerk and F E Tallman to supervise the 1930 census in the third and eighth districts. The third district covers Jefferson, Berkeley, Morgan, Hampshire, Grant, Hardy Pendleton and Mineral counties with headquarters in Martinsburg. The eighth district includes Barbour, Greenbrier, Pocahontas, Randolph and Tucker counties with headquarters at Elkins.
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