Inflation Drives Stock Rally As Markets Rally On Inflation View
New York June 19. With the dollar weak, markets rose on inflation expectations as government moves on currency control appeared unlikely. The Standard Statistics 90-stock average closed at 84.8 up 5.1, with turnover 5,485,336 shares. Industrials and rails led gains while profits-taking appeared at times.
MENTIONED IN THIS ARTICLE
New York
Standard Statistics Associated Press
Case
American Telephone
du Pont
Johniny Manvil's
Ational Distillers
U. 8
Western Union
Union Pacific
Steel
Chrysler
Sante Fe
Louisville and Nashville
American Can
Westinghouse
Bethlehem
Allied Chemical
Consolidated Cas
American and Foreign Power
New York Central
Mack Trucks
United Aircraft
Delaware and Hudson
Domes Mines
McIntyre
Bond Market Gains Amid Inflation Lift In New York Trading
In New York on June 19 inflation concerns spurred a rally with bond prices rising 1 to 4 points or more. Speculative loan categories tracked gains as the dollar fell sharply against foreign currencies.
MENTIONED IN THIS ARTICLE
New York
Hancock Investments Moves in Art Market Notes
Hancock Investments and Appsilachion Electric Power Company are cited in a June 19 market note. The report mentions preferred at market and service common, with closing details unclear and a $6 figure appearing amid fragmentary data.
MENTIONED IN THIS ARTICLE
Appsilachion Electric Power Company
Stock Exchange Quotations At Bryan Kemp Co
Quotations furnished by Bryan Kemp and Company based in Bluefield West Virginia. The notice lists New York Stock Exchange New York Cotton Exchange New York Curb Exchange Associate Chicago Board of Trade and Richmond Stock Exchange.
MENTIONED IN THIS ARTICLE
Bryan, Kemp and Company
New York Stock Exchange
New York Cotton Exchange
New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
Markets Rally on Washington Not Agreeing with Stabilization
Exchange markets showed hints Washington opposed current currency stabilization. Trading volume reached 15,087,090 dollars par value, and the 60 domestic corporate bonds average rose by half a point.
MENTIONED IN THIS ARTICLE
Washington
Foreign exchange rates across major markets in New York
Foreign exchange in New York on June 19 shows demand and cable rates for Great Britain 4.14 percent, France 4.814 percent, Italy 6.40 percent, and numerous要 currencies including Belgium 17.10, Germany 29.10, Holland 49.20, Norway 21.00, Sweden 21.40, Denmark 18.60, Switzerland 23.60, Spain 10.41, Portugal 3.78, Greece 0.69, Poland 13.75, Czechoslovakia 3.69, Jugoslavia 1.66, Austria 14.33, Romania 0.73, Argentina 31.47, Brazil 7.64, Tokyo 26.00, Shanghai 26.25, Hong Kong 29.25, and Mexico City 27.95 with Montreal in New York at 89.68 and New York in Montreal 111.50 nominal.
MENTIONED IN THIS ARTICLE
Adams Express
Avenee
Eastman Kodak
Alaska
Juneau Gold
Pac
Alleghany Corpn
Erie
Bane Ee
Pac Aghting
Allied Chemical
Wee Canis Stiff Fed
Wat
Chard Motors
Allis Chalmers
Weer Noone Wheeler
Penick and
Wees
Amer
Ween Eee
Penney
A. C
Pillsbury
Amer Steel
Pullman
Amer Sugar
Gillette Safety
Lbw Radio Corpa
Amer T. Viath
Radio Keith
Orphim
Ite
Amer Tob
Amer Water Works
Goodyear Tire
Reo Motors
Anaconda Corp
Eee
Wershey Choc
Republic Stee
Armour
Im Houdaille Hershey
Reynolds Metals
Houston i
Reynolds
Sears Roebuc
Auburn Auto
Int Harvester
Shattuck . Aeeee
Aviation Corp
International Sh
Simmons Bed
Lococo
Int Nickel
Soconoy Vacuum See
Sou
Calif. Edison Am
Rafeastarr
Stee
Porto Ar Sus
Bendix Aviation
Johns-Manville
Pac Eee Tae Eteeee
Best and Co
Kelvinator
Bethlehem Stee
Kennecott Copper
Bienaare
Henge Ee Eeneene
Borden and Co
Resge
Brooklyn Man T
Kroger Grace
Brooklyn-Union Gas Lit
Rd Lambert Co
Standard O
Stewart Warner” Teas
Briggs, Mfg
Lehman Corp
Stone and Webster
Byers Pipe
Lehn and Fink
Studebaker
Texas Co
Texas Gu
Lowe's Inc, Ane
Cerro de Pasco
L. and Poritars
Tob
Transamerica Rp
Chesapeake Corp
Lou.a
Elec
Underwood Eliott
Union Carbide Thee
C. M
McKeesport Tin McKesson and Robbins
Union Pac
Sense Cellé
Chicago Northwestern
Seenee
United Aircraft
U S. Ind
Aleho Ee
Col. Gas
Bec
ASM
Pipe and Fay
Ontgomery Ward
Cash Register
Warner Bros. . Ee
Wesson O
Nat Distillers
Western
Maryland
North Amer
Worthington Pump
DuPont
North Amer. Co
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
Hongkong
Mexico City
Montreal
Curb Market Gains Broad Ground On Front
New York June 19 traders moved the curb market forward with leaders retracing recent losses. Columbia Gas and Electric preferred gained 12 points while American Gas and Electric Consolidated Gas of Baltimore and Electric Bond and Share each rose about 4 %%. Sherwin Williams climbed 3% on a price rise report. Gulf and Humble Oil led petroleum shares with gains of 4 and 5 points. Trainers estimated 770000 shares traded vs 910000 Friday. California cosmetologists or beauty experts total 24780.
MENTIONED IN THIS ARTICLE
New York
Columbia Gas and Electric Preferred
American Gas and Electric
Consolidated Gas of
Baltimore
Electric Bond
Sherwin Williams
Gulf
Humble Oil
Government bonds market closes in New York
United States government bonds finished trading in New York with Liberty 3% notes at 102.16 and 4% firsts near 102.10. Treasury 4% 48s traded around 109.31, Treasury 46s at 106.10, Treasury 3% papers near 104.25, and 3% June issues around 102.9.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Adams Express declares two quarterly dividends on preferred stock
The Adams Express company announces two quarterly dividends of 1.25 dollars on the five dollar cumulative preferred stock payable June 30 to stock of record June 29. One payment covers the dividend normally due March 1, clearing all accrued dividends. Insolvencies in the U S for the week ended June 15 totaled 396, with declines year to date versus 1932. A tunnel company operates 62 miles of underground railroads in Chicago’s loop.
MENTIONED IN THIS ARTICLE
New York
Adams Express Company
United States
Dun and
Bradstreet
Surveying Service
Chicago
Loop
Call money and loans steady in New York market
New York reports a steady call money rate at 1 percent for the day. Time loans held at 1 percent for 60 to 90 days and for 4 to 5 months, with minor variations noted. Prime commercial paper shows 1 percent levels while bankers acceptances remain mostly unchanged with short to mid term maturities around 4 to 5 percent.
MENTIONED IN THIS ARTICLE
New York
Treasury receipts and expenditures for mid June report
Treasury receipts for June 16 totaled 68.744 million dollars with expenditures of 46.931 million and a balance of 998.631 million. Customs duties for the first sixteen days of June amounted to 11.871 million dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Pittsburgh Produce Prices and Demand Report
Pittsburgh June 19. Produce demand moderate with apples steady per bushel baskets including New York large 1.00 10 Russets 75 Starks 75 85 Baldwins 90 1.00. Early harvests Alabama Tennessee mediums 2.50 75 Transparenta 3.25. Potatoes 63 cars about steady North Carolina Cobblers barrels 3.15 35 100 lb sacks 1.75 90 Virginia Cobblers barrels 3.25 35 old stock 100 lb sacks Maine Green Mountains 1.50. Butter nearby 92 score extra 2344 standard 23% 89 score 22 88 score 2 Eggs unchanged nearby current receipts 11 fresh extra fiate 13 hennery whites extras 14 15 southern Ohio West Virginia Kentucky current receipts 10 Cheese and poultry unchanged.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
Depts
New York
Alabama
Tennessee
North Carolina Cobblers
Virginia
Maine
Green Mountains
Ohio
West Virginia
Kentucky
Wheat and grain futures rise after four days of heat
After four consecutive days of near 100 degree heat wheat closed 2% higher than Saturday, corn gained 1% to 2% and oats advanced 24% to 25% while provisions held steady or rose as much as 27 cents.
Grain Futures Report From Toledo on June Prices
Toledo grain prices show a 28 percent rate basis with nominal values for wheat and corn. Wheat No 2 red 73 42 to 74 percent, No 1 red 74 4 to 75 percent. Corn No 2 yellow 45 to 45 percent, No 3 yellow 44 to 44 percent. Oats No 2 white 38 2 to 38 percent, No 3 white 38 2.
MENTIONED IN THIS ARTICLE
Toledo
Chicago Livestock Markets Report Hogs Cattle Sheep Trade
Chicago hogs totaling about 40,000 with 22,000 direct sold on limited demand mostly 10 cents lower than Friday. Cattle activity slow with 15,000 head and calves 2,000, with tops near 7.00 and most around 4.75 to 6.00. Sheep 12,000 in dull trade with fat lambs mostly 25 cents lower and native lambs around 7.00 to 7.5 for 90 pounders.
Butter Market Steady to Firm in Chicago Trade
Butter prices in Chicago on June 19 show a steady to firm tone with 93 score at 22 percent fat and 2314 units traded, while other grades range from 92 to 87 with 18 to 22 percent fat. Centralized car shipments report 90 to 88 scores and 20 to 22 percent fat.
MENTIONED IN THIS ARTICLE
Chicago
Sugar market steady as futures buoy buyers
Raw sugar held firm with futures showing strength as traders asked higher prices. Sales reached 22,300 tons with July at 1.37, September 1.40, December 1.47, January 1.48, March 1.53, and May 1.57. Refined granulated unchanged at 4.60.
MENTIONED IN THIS ARTICLE
New York
Baltimore Livestock Market Quiet Steady Cattle Hogs
Baltimore livestock report shows 200 cattle and 2,000 hogs with a generally steady market. Bulls good to choice bring 3.25 to 3.50 per pound, heifers 4.50 to 5.00, cows 2.75 to 3.25, sheep and lambs 2.50 to 5.00, hogs 4.50 to 5.25 for mediums, calves 3.00 for good to choice.
Textile market sees scarce spot merchandise in New York
Buyers faced limited spot textile goods as orders rush to speed deliveries. Market opened quiet yet strong with cotton goods producers unsettled by a processor tax under the agricultural act. Mills sold ahead to August 1 before the tax takes effect. rayon prices remained firm.
MENTIONED IN THIS ARTICLE
New York
Chicago Grain Markets Rally on Spring Wheat Damage
Chicago on June 19 reports skyward wheat and corn prices rising up to 3.4 cents a bushel. Speculative buying grew amid inflation talks, but the key factor was widespread irreparable damage to spring wheat.
MENTIONED IN THIS ARTICLE
Chicago
Jersey City Livestock Prices Report for June 19
Cattle totaled 2 050 with 1 130 direct. good load 12 17 lb steers at 6.60. Cows common and medium 2.75. wealers and calves 4 360 with 2 410 direct, steady to strong few 50 cents higher, better grades 5.59 6.50, best southerns 6.25. Sheep and lambs 26 730 including 15 620 direct, opened weak and closed steady. bulk better grades 8.00 8.25, mature sheep 3.00 down. Hogs 4 660 including 4 650 direct, none old early.
MENTIONED IN THIS ARTICLE
Jersey City
Pittsburgh Livestock Market Prices Report
In Pittsburgh the livestock market shows hogs at 3,700 head with light weights 130-150 lbs selling 4.00 to 4.66 and heavier 160-200 lbs at 4.95, cattle weak to 25 lower with steers 900-1,300 lbs good 5.60-6.40, cows 2.75-3.85, calves 4.25-5.50, sheep 1,300 head weak to 26 lower with lambs 90 lbs to 8.09 and 4.65-7.00 for common and medium.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S. Dept
Lancaster Livestock Cattle Market Mixed. Show Nearing
Lancaster June 19 cattle sale slow with buyers delaying for midweek show and prize stock sale. Calves steady with few top dealers at 6.00 to 6.50. westerns and locals weaker. Sheep 1,371 steady with choice lambs 7.50 to 8.00 and extras to 8.50.
MENTIONED IN THIS ARTICLE
Lancaster
New York Poultry Market Report June 19
Egg prices steady at 18 969 in a mixed color market with specials from new receipts and standard classes ranging from firsts 12% to dirties 11% per 4. storage packed items show 13. White eggs at 21 23 for premium or selection. Live poultry demand weak with varied freight and express quotes for broilers, turkeys, ducks, and dressed poultry.
MENTIONED IN THIS ARTICLE
New York
Wiener roast on Elkhorn Mountain near Pageton
Pageton West Virginia correspondent reports Harry Mikela hosted a wiener roast on Elkhorn mountain Tuesday evening. A long list of local youths attended including Leis Whitenack Dorothy Wilson Mabel Shumate Hildred Osborne Gladys Surface Sadie Lester Evelyn Moore Sophia Mikels Alma Presley and many others.
MENTIONED IN THIS ARTICLE
Pageton
W. Va
Harry Mikela
Elkhorn Mountain
Leis Whitenack
Dorothy
Mary Wilson
Mabel Shumate
Hildred
Mildred Osborne
Gladys Surface
Sadie Lester
Evelyn Moore
Sophia
Ethel Mikels
Alma Presley
Grace
Bessie Mercer
Mae Painter
Betty
Ruth Cook
Kathleen
Mary Surface
Robert Evans
Russell Turpin
Paul Maybeury
Ernest Clark
Dick White
Donald Cook
Karl and
Glen Lester
Clark Hughes
Luther Moore
Woodrow and
Johnson Wilson
Edward Surface
Howard
Notable Local Family Notices and Health Updates
Mrs. Bettie E. Wiseman died after illness prompting her daughter Mrs. Frank Hall to travel to Roanoke. Wiseman leaves three other daughters. Miss Louise Clark, daughter of Mr. and Mrs. E. Clark, underwent a serious operation in Charleston last week. Mrs. Jack St. Clair assists. Miss Clark works as a nurse in Charleston.
MENTIONED IN THIS ARTICLE
Frank Hall
Roanoke
Bettie E. Wiseman
Louise Clark
BE. E. Clark
Charleston
Jack St. Clair
Clark
Miss Clark
Pageton Personal Notices Highlight Local Visits
Mrs Bess Evans and daughter Edith of Roanoke visit relatives in Pageton. Bluefield guests Mrs M H Nicholson and children stay several days. Miss Wilma Karnes of Gardner visits Mr and Mrs M H Miers. Dorothy Murry returns from Tazewell. Louise St Clair stays with Uncle Jerry Cochran in Keystone. Families attend a Pocahontas picnic. Community figures travel to Roanoke Portsmouth Columbus and Beckley for visits and appointments.
MENTIONED IN THIS ARTICLE
Earl Evans
Northfork
Trade Trend: Coal Output High but Spot Prices Ease
Coal Bituminous production remains above year ago levels while spot prices ease. Dyestuffs and rayon lines drive strong solar demand. Leather division inquiries rise versus weeks prior. Work shirts makers report solid orders but hesitate to add output until price uncertainties clear.
MENTIONED IN THIS ARTICLE
Associated Press
Rayon
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