Stock Market Downturn Amid Mixed Downtick In Early Trade
New York stocks and commodities fell overall in the morning with many favorites dropping one to two points. In late trading, activity picked up as pros suspected list pressure. railroads stayed heavy except St. Louis Southwestern which rose on news of Southern Pacific’s conditional offer to minority holders.
MENTIONED IN THIS ARTICLE
New York
St. Louis Southwestern
Southern Pacific
Great Northern
Northern Pacific
New York Central
Pennsylvania
Baltimore and Ohio
Union Pacific
U. S. Industrial Alcohol
Allied Chemical
du Pont
Consolidated Gas
Western Union
American Telephone
American and
Foreign Power
Lambert
Johns Manville
Case
Youngstown
Transamerica
Westinghouse
U. S. Steel
Chrysler
Sears Roebuck
Paramout
Loew's
Radio
General Motors
American
England
France
Germany
New York Federal Reserve
Canada
Bond market shows mixed trends in New York trading
Moderate activity and irregular prices marked the session. Foreign obligations generated more action, while representative issues were mixed. Domestic rails fell, with the rail average down three tenths to 99.1. Industrial and public utility bonds held steady with narrow utility swings. Industrial loans remained steady.
MENTIONED IN THIS ARTICLE
New York
Hancock Investments and Mullens Grocery Co Names in Market Report
A market report lists C. B. Hancock Investments of Bluefield WV at 70.00 in the First National Bank Building. Mullens Grocery Co. Fundamental Trust Shares are shown with a close date of June 17. Also notes cities service and Indian Territory figures with June 17 closings at market.
MENTIONED IN THIS ARTICLE
C. B. Hancock Investments
Bluefield
West Virginia
First National Bank
Mullens Grocery Co
Fundamental Trust
Indian Territory
Government bonds report from New York market
United States government bonds closed with Liberty 3 percent around 102.20 and 4 percent issues near 104.30. Treasury 4s traded about 114.1, Treasury 2s around 107.12, and Treasury 3s near 103. The page lists several issues with odd OCR artifacts but reflects a closing bond market summary.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Call money steady as rates hold in New York market
New York trading on June 18 shows call money steady at 11 percent all day. Time loans remain firm with 60 days at 1 1 percent, 5-4 months at 1 percent to 2 percent, and 5-6 months at 1 1 percent. Prime commercial paper at 2 2 percent and bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Treasury Receipts and Expenditures Reported
Treasury receipts for June 16 were 1 001 274.59. Expenditures totaled 624 901 535.05, leaving a balance of 407 866 240.86. Customs receipts through June 16 reached 15 000 762.44.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Foreign exchange rates across nations in New York
Foreign exchanges were irregular in New York on June 18 with Britain quoted in dollars and others in cents. Cables and demand for 60 day bills are shown for major currencies including France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain and more with varied percentages and prices.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Mexico City
Butter Prices Edge Higher in Chicago Trade
Butter prices rose today in Chicago with gains of about 44 to percent cent on grades near 90 score amid fairly active demand. Trade was only fair at the advance as buyers were cautious. fresh 93 score at 224% and other grades quoted from 21% to 19% with central carrots at 90 score 21% and 88 19%.
MENTIONED IN THIS ARTICLE
Chicago
Raw sugar futures rise as spot duty advances in market
New York sugar markets show firm activity with a 1/16 cent advance in the spot duty to 3.35 and raw futures closing 2 to 3 points higher. About 6,750 tons traded, nearly half via exchanges, with July at 1.22, September 1.30, December 1.39, January 1.41, March 1.46, May 1.53. refined also firm.
MENTIONED IN THIS ARTICLE
New York
International
Johns Mannville
Kennetcott Copper
Nemewe Krueger and
Toll
Kroger
Cocsconcuses
Accseecece
Lambert Ce Eee
Ewe
Ewess
Lehn and Fink
Liggett and Myera B
Lowe's Inc
Cambadane
Lorillard Tobacco
Wee Ee
Louisville and Nashville Mae
Louisville Gas and Electric
McKeesport Tin
McKesson and Robbins Een
Wwene
Mack “Ttc
Caenumeensescou Aaneecee
Mathieson Alkali
Missouri
Kansas
Texas
Montgomery Ward
National Biscuit
Caetcus
National Cash Register
National Distillers
National Power and Light
Nevada Consolidated
New York Central
Norfolk and Western
North American Aviation
North American Co
Oliver Farm Equipment
Otis Elevator Wonneeee
Pacific Gas and Electric
Pacific Lighting Ewwcee
Packard Motors Eee
Paramount Publix
Penick and Ford
Penney, J
Penney, J. Ceewewweeweeeeeese a~= 43% 31% 32% Pennsylvania Railroad
Phillips Petroleum Et
Pillsbury
Proctor and Gamble Prairie
Wonseene
Public Service of N J. Woewnnnenen
Pullman
Republic Steel
N's
Reynolds Tobacco
Royal Dutch
St. Joseph Lead
Sears Roebuck
Hawis O
Shell Union Oil Eee Reer Renee Newness
Sraeee Oicncca Pieces Newnecnsese
Simmons
Sraeeb Nc Cdc
Standard Oil
California
New Jersey
Standard Oil of
Stewart Warmer
Stone and Webster
Studebaker
Gimanaatwesdt
Texas Corporation
Texas Gulf
Transamerica Corporation
United Carbon
United Corporation Ae Weer
United Gas Improvement
United States Industrial Alcohol
Pipe and Foundry
Realty
United States Rubber
United States Steel Emer
Utilities Power and
Vanadium Steel
Ward Baking B
Anne
Lt. Ohea
Warner Pictures
Wedeen
Western Waryland
Enere Teense
Westinghouse Airbrake Eene
Western Union
Westinghouse Filectric
Willys-Overland Ete
Pittsburgh Produce Market Update June Prices
June report from Pittsburgh shows U S and Pa Dept of Agriculture notes moderate demand. Cabbage sells at various crate and barrel prices from Ohio and Louisiana. Onions steady across Texas and Louisiana, with mixed yellows and whites. Potatoes also steady with regional stocks from North Carolina to Maine. Butter and eggs show minor shifts. cheese and poultry unchanged.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
Ohio
Louisiana
Texas Standard
North
South Carolina
Georgia
Alabama
Maine
Green Mountains
Dry goods market summary in New York delivery
Cotton goods held steady with moderate demand and unchanged prices while rayon sales rose in some weaving mills as preparations begin for fall and spring lines. Wool goods remained steady with brisk demand, burlaps quiet, silk scarcely changed, and silk fairies in demand for future delivery.
MENTIONED IN THIS ARTICLE
New York
Baltimore Livestock Receipts and Price Ranges
Baltimore market results show receipts of 150 cattle including steers bulls cows and heifers with price ranges across grades. Fresh cows and springers bring 30.00 to 60.00, sheep and lambs receipts 1.00 with spring lambs listed as good.
MENTIONED IN THIS ARTICLE
Baltimore
James and Mann Managers and Younger Assistant Manager
James and Mann serve as managers with Jack R Younger as assistant manager in a structured leadership lineup. The trio forms the key executive team guiding operations and staff functions across departments.
Market Data From Regional Livestock Sale
The report lists bid ranges for hogs and calves with receipts totals. Hogs show receipts around 300 with price bands from 8.50 to 9.00 and 8.00 to 8.50 for common to medium grades. Heavies and pigs vary by quality, with lighting, mediums, and roughs quoted between 5.00 and 8.30. Calves traded near 4.00, receipts 250.
Toledo grain prices on track in new cash rates
Cash grain quotes posted in Toledo on June 18 show No 1 red wheat at 76 77 cents, No 2 red at 75 76, No 1 white at 77 78, No 2 yellow corn at 55 56, No 3 yellow at 64 55, and oats No 2 white at 64 27 percent, No 3 white at 62 26 percent. Seeds in warehouse unchanged.
MENTIONED IN THIS ARTICLE
Toledo
Trade trends and commodity prices in early market report
Copper export sales reach 2000 long tons as foreign price parity with 8 cents a pound lowers export price to 8.275 cents per pound. Bradstreet’s weekly index shows wholesale food prices steady at 2.14, down 11.5 percent since January 1 this year and 22.5 percent from last year. Zinc prices ease with Western buying at 3.30 to 3.35 cents per pound.
MENTIONED IN THIS ARTICLE
Associated Press
Bradstreet
Prime Western
New York Poultry Market Report June 18
New York poultry prices show eggs at 31 035 ripe, ready, mixed colors, regular packed. First 16, nearby and western henneries white mediums 20 21. Live poultry quiet with fowls by express unquoted. other prices unchanged. Dressed poultry quiet and unlisted.
MENTIONED IN THIS ARTICLE
New York
Hennery
Express
Rain dampens grain as US minister fruitlessly pledges stocks
In Chicago on June 18 the grain market fell after heavy rain in Canada and a federal action to withhold surplus old wheat failed. July and September wheat slid beyond market expectations while reports from the southwest showed rapid gains in newly harvested domestic winter wheat. Wheat closed unsettled at 0.5 to 1 cent lower, corn virtually steady, oats slightly down, and provisions mostly unchanged to a small drop.
MENTIONED IN THIS ARTICLE
Chicago
Canada
Federal Farm Board
Aeacon
Chicago Livestock Prices Chicago Market Report June 18
Chicago market activity shows hogs at 5 35 higher in some lots with fat and feeder ranges across 260 to 350 pounds. cattle and calves steady to firm with yearlings topping near 8 80 and varied beef prices by weight. Sheep and lambs mixed, good native lambs at 7 75 8 25 with fat ewes scarce and lambs around 7 50 to 8 65 across weights.
Pittsburgh Livestock Market Report June 18 Prices Listed
U S Dept of Agriculture figures show hogs strong to five cents higher with light weights 130-160 lbs at 7.60 to 7.85 cents per pound, sow and packing weights varying. Cattle and calves mix with steers 900-1300 lbs at 7.50-8.50, heifers 650-850 lbs at 7.25-8.25, cows 4.25-5.75, bulls around 3.25, vealers and calves steady to higher, sheep with lambs 90 lbs and up at 8.25-10.00, yearlings and ewes priced within noted ranges.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept
Pittsburgh
U. 8
S. Dept
Curb Market Slips as Turnover Dips to New Lows
New York curb market trading weakened with turnover at about 1.99 million shares. Woodworth Ltd British subsidiary issues traded on an as issued basis with modest activity and narrow moves. Common closed at 9 3 4 and preferred at 47. Utilities slipped, Gulf soft, Cities Service fell to 10 1 2 then 10 1 2, Vacuum faded after gaining.
MENTIONED IN THIS ARTICLE
New York
Jume 18
Woodworth, Ltd
Gulf
Electric locomotives delivered for New Haven line
New Haven railroad receives the first of ten new electric locomotives from General Electric, costing nearly $2,000,000, to boost high speed passenger service between New York and New Haven. The remaining locomotive is to be delivered in the summer. Charles R. McMillen resigns as president of Union Bag and Paper to become chairman of the board.
MENTIONED IN THIS ARTICLE
New York
New Haven
General Electric Company
Charles R. McMillen
Union Gag and Paper Corporation
That Com
Notable executives elected at several firms
Stockholders in General Foods corporation rose 33 percent by February of last year and now total 44,400, nearly half of whom are women owning stock. St Regis Paper and Chemical Bank and Trust also named new directors, with John Mortimer Schiff elected to succeed his late father Mortimer J. Schiff at Chemical Bank and Trust.
MENTIONED IN THIS ARTICLE
General Foode Corporation
John Mortimer Schiff
Kuhn, Loeb and Company
Chemical Bank and Trust Company of
New York
Mortimer JL. Schiff
Commercial Failures in U S Show Decrease May
New York June 18 A1 Commercial failures in the United States in May, as reported to Bradstreet's, declined from April but remained above March and February in this year. Defaults totaled 2,096 versus 2,152 in April and 1,911 in May 1930, while total liabilities reached 120,317,711 dollars, down from April and March but above May 1930.
MENTIONED IN THIS ARTICLE
New York
United States
Bradetreet’s
Bradstreet
French Defer Proposal To Lay Down Cruiser
Paris June 18 Following the advice of Socialist County Paul toncour chairman of its foreign affairs committee the chamber of deputies today voted to defer the proposal of the ministry of marine to lay down a 23533 ton battle cruiser to outdate Germany s recently constructed pocket battleship Deutschland The chamber however approved the principle of constructing such craft as urged by Minister of Marine Dumont and referred the question back to its naval affairs committee and technical experts for further study Paul Bencour urged his colleagues not to commence the construction of large Davy units before the 1952 world disarmament conference at Geneva He hoped France would lead in a general reduction of adj costa before the conference is eld
MENTIONED IN THIS ARTICLE
Paris
Paul Toncour
Chamber of Deputies
Ministry of Marine
Germany
Deutchland
Dumont
Naval Affaires
Paul Bencour
Geneva
France
Ad Costa
Archipelago Like Japan May Emerge From Ocean
Washington in June 18 report by Rev Frederick W Sohon Georgetown University seismologist predicts an archipelago the size of Japan could develop in the South Atlantic within a few hundred thousand years based on two new island observations and seismology lab data He notes it may build up with volcanoes but adds we shall never see it happen in our lifetimes.
MENTIONED IN THIS ARTICLE
Washington
Japan
South Atlantic Ocean
Frederick W. Sohon
Georgetown University
Wit
Seimology Laboratory
Sohon
Walks 48 Miles to Escape Husband in Divorce Case
Pittsburgh June 18 Mrs Ella Hoover 17 testified before Judge Samuel H Gard ner that she walked 48 miles from Hico West Virginia to Charleston to escape her husband who beat her for looking out of a window. The incident occurred on New Year s Eve 1929. The case was taken under advisement.
MENTIONED IN THIS ARTICLE
Pittsburgh
Ella Hoover
Samuel H. Gardner
Hico
W. Va
Charleston
Charles Lindbergh Jr Birthday Quiet Milestone
New York report notes Charles Augustus Lindbergh Jr will turn one next Monday but his parents keep him out of sight despite his famous lineage. They aim to shield him from publicity unless he achieves something notable, with only two public photographs and few mentions to date.
MENTIONED IN THIS ARTICLE
New York
Charlee A. Lindbergh Jr
Charles Augustus Jr
Lindbergh
Ublicattion
Woman and brother indicted for murder in Glenville
Gilmer county grand jury returned murder indictments against Mrs Beatrice Garrett 29 and Homer Langford 36 in the slaying of her husband Groover Cleveland Garrett 41 a Stouts Mills farmer on January 14. The pair were arrested weeks ago after the case was reopened. Initially authorities believed Garrett shot himself.
MENTIONED IN THIS ARTICLE
Glenville
W. Va
Gilmer County
Beatrice Garrett
Homer Langford
Groover Cleveland Garrett
Stouts Mills
Mra
Garrett
Garret
For Sale or Rent At A Bargain Two Houses
For Sale or Rent at a bargain two houses offered by J O S F Shelton. One six room with bath, full basement, furnace heat, hardwood floors at 2511 Bluefield Avenue Hale Addition. Second ten room house with bath, basement, furnace heat near Beaver High School on Fourth Street. Ownership offers sale or rental on renewable terms or long term lease to reliable parties.
MENTIONED IN THIS ARTICLE
Bluefield Avenue
Hale Addition
Fourth Street
Beaver High School
Also Mentioned on This Page
Coustics
R.R. Urry
Baltimore Livestock
The
N. Y. Stock Exchange
Bluefield, W. VA
New York Stock Exchange
New York Curb Exchange
Richmond Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
Jack R. Younger
Adams Express
Encase
Alleghany Corporation
Saaesee Lts
Allia Chalmers Ene Enrooes
American Rolling Mills
American Water Works
Seee
Anaconda
Armour A
Howe
Armour Bee
Associated Drygoods
Atchison, T
F. Ryan
Atlantic Refining
Atlas Powder
Auburn Auto
Aviation Corporation
Baldwin Locomotive
Bendix Aviation
Best and Co
Bethlehem Steel
Borden and Co. Eee
Boy
Brooklyn-Union Gas
Briggs Manufacturing
Eee
Een
Byers
IDO Coves
Eecesecuseace
Calumet
Arizona
Calumet and
Chesapeake Corporation
Chesapeake and Ohio
Great Western
Mil
St. P. and
Pacific
iChicago
B. L
Chrysler Wa
Coca-Cola
Continental
Continental Insurance
Continental Motors
Crucible Steel
Curtiss-Wright
Curtiss-Wright A
Davieon Chemical
Delaware and Hudson
Eeen Drug Incorporated
da Pont Ween Renewers Meonnacce
Tmean Kodak
Nnn
Erie
Federal Water Service Wonne
Foster Wheeler
Fox Film A
Enensenne
Freeport Texas
General Electric
General Foods
Nee
General Public Service Weet Rene
Gillette Safety
Glidden Co, Ee
Graham Paige
Dentae Wer
Awndnnibis CO
Houston Oil
Hudson Motors
Civremtinnest
Es Hinpp Motore
Cacaespensenesa
Illinois Central
Cdccenenvenntansulst
International Harvester
International Shoe Oo En
Toledo Grain
NEW York Poultry
Chicago Grain
Chicago Livestock
Pittsburgh Livestock
Wall Street Briefs
Hubby
Charles Lindbergh JR
Jos
F. Shelton
Bluefield Ave
Joor
Henrietta
Tom
OptimIst
BY Sidney Smith
Nenrietta
Biaa Mas
Ieaae T. Mann
James Elwood Jones
IL. Alexander
Arthur J. MacBride
Nm. Tl. Wallace
H. R. Hawthorne
Pocahontas Fuel Company
Pocahontan
Rift
Tidewater
Great Lakes
Atlantic Coast
Tidewater Piers & Lambert's
Wint
Sewall's Point
Norfolk and
Newport News, Va
New Bedford
Mass
Salem, Mass
Mystic Wharf
Boston
Portland
Sandusky
Boston, Mass
New Bedford, Mass
Portland, Maine
Norfolk, Va
Bluefield, W Va
Cincinnati, Ohio
Chicago, AL
Detroit, Mich
Moxy, Savon & Co, Ltd
Lime Street
Souate
London
Coal, Trading Association
Rotterdam
Molland
Frederick Gundersen
Bergen
PINTO BASTO @ CO, LTD
Lisbon
Porsues
A. Thena Cor & Clerich
Via Lomellint
Genoa
Arthir Pmllmin
Drottoinggatan
Stockholm
Aktisholaght Bengbrun
Gotherburg
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