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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 22, 1938
Page
11
Commissioners inform creditors and beneficiaries of the estates of W. Beat Wed and R. L. Johnston that claims must be filed with vouchers by December 11 1995 or be barred from the estates. All beneficiaries are urged to appear to protect their interests. Walter V. Ross, Commissioner of Accounts.
The Associated Press reports rail bonds showing substantial strength as carloadings rise and possible federal aid boosts carriers. Gains of two points or more were common, with the rail bond index up 14 points and utilities advancing as a group. The day's total bond volume reached 7,055,825 dollars in face value, the highest since May 1.
Market report from New York on June 21 shows mixed dressed poultry prices with broilers and fryers around 18 to 23 cents, turkeys at 20 cents, and various color and grade classifications making up the bulk of listings. Live shipments by freight are noted as weak while wholesale pack options across colors and standards fluctuate with premiums and discounts in the mid to high teens and low twenties.
In New York on June 21, traders cited devaluation rumors as hurting major European currencies against the dollar. Closing rates show Britain at about 4.95 percent in various forms, France and Belgium among others with differing demands, and a wide range of implied dollar values for other currencies.
Treasury notes and bonds quoted with varying prices and yields. Key entries include Treasury 38 48 46, Treasury 3145 49 46, Treasury 44s 52 47, and 3 percent series around 108.29, 105.16, 103.81, with related notes on Farm Miz and Home Own investments.
Abbott Proctor and Paine listed on the New York Stock Exchange and other principal exchanges. Address shown as 807 Raleigh St with E Mann as manager. Phone number 1800 provided.
Pittsburgh Produce notes show price ranges for vegetables and fruits including corn and cobblers from North Carolina and Virginia, with Maine Green Mountains 100 lb sacks also listed. Butter prices remain firm with various butter quality scores. Eggs and poultry show mixed movements with many categories noted.
Raw sugar held firm in New York on June 21 after late yesterday spot prices slipped four points on news of 27,000 bags of nearby deliveries at 2.66. No. 3 futures were little changed and refined sugar also stayed flat with 9,500 tons sold.
Lancaster Pennsylvania June 21 cattle uneven demand with steer prices down 25 and cows mostly steady. Calves and hogs steady with top values around 10.00 and 9.50 respectively. Sheep rough with lambs steady to lower and top around 10.50.
Chicago market notes show hogs 16 000 head with direct 9 05 top, 240 280 lb hogs around 8 65 and 8 given. Cattle 6 000 with prime 1338 lb at 11 15 average, cows scarce, best heifers near 9 65, cutters 4 000 at 5 25, bulls 6 65 to 9 00. Sheep 3 000 including 1 300 directs with lambs steady to weak and natives 3 75 for ewes, clip lambs 6 75 to 7 75.
A cage maker discovers external market factors drive sales not just product design. By studying public taste and pet ownership trends, he shifts to align cages with interior decor, boosting demand.
Baltimore market notes cattle calves and hogs with price ranges by weight and class. Steers cows and heifers show modest changes while hogs drop about two dollars. sows and stag prices steady to down. Sheep and lamb market incomplete with trucked-in stock around ten dollars for good ewes and wethers.
Chicago June 21 futures show wheat down about two cents as arrivals from the new winter crop weigh on the market. July wheat at 77 17, September 78 78, corn down around 1 percent, oats and rye little changed, provisions mixed with gains and losses.
Cleveland July 21 news reports Chesapeake and Ohio through its Western Pocahontas Coal unit acquired 21 percent of New River Coal. New River operates about 10 mines in southern West Virginia and observers say the move secures future business and dividends for C and O amid past coal traffic through its lines.
New York markets rally as industrials lead gains while bonds stay firm and sugar prices ease. Foreign exchange remains steady with modest demand. traders note cautious trading amid mixed signals from commodity and rate sectors.
New York stocks advanced amid profit taking fears and hopes of government stimulus. The Associated Press average rose 0.9 to 41.7 as leaders like Allied Chemical Coca Cola and U S Steel posted gains. volume reached 1.457 million, the strongest since March 30.
Toledo reports grain on track with slight price changes. Wheat No 2 red 76 77 and No 3 red 73 76. Corn No 2 yellow 75 78, No 3 rer 56 40 57. No 2 white 29 30, No 3 white 39. Grain in store transit billing attached with minor basis adjustments.
New York markets showed active buying and firm prices on June 21. Cloth sales since week start estimated at 20,000,000 yards, about 150 percent of current weekly production. finished goods sold in larger amounts. Rayon yarns slow. burlap steady. wool goods at seven.
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