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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 23, 1928
Page
11
The Market Averages table shows industrial and rail indices with the 20 industrial at 187.23, 143.21 for rails, and 186.87 and 142.88 for the prior comparison. It lists high and low figures from 1928 and notes total stock sales at 1,449,500 shares for Thursday.
New York wires report mixed price moves led by light total trading of 1,449,500 shares the smallest full session since last July. Brokers loans fell $158,100, money rates firm with call loans at 6 percent while other money rates held steady. Oil and steel shares advanced while Willys Overland fell on dividend news and Pierce Arrow rose on merger talks with Studebaker. European currencies mostly softer as Spanish pesetas rose to 16.54 cents and sterling traded near 4.87.
New York wires report light trading and small turnover across bond issues. Treasury offers to accept third liberty 4%48 at 1002-32 with accrued interest for an indefinite period through Fed Banks. Pennsylvania gold advances. foreign list steady. U S government obligations irregular.
New York market report shows United States government bonds closing mostly steady with Treasury notes and the Fourth 4% bond at around 101.27 and 113.15. Flour prices remain unchanged as of June 22 AP report.
Fragmentary OCR shows numbers and company names including First National tank haliding and American Coal in Welch West Virginia. Figures 70.00 10.00 9.0 80.00 100.00 165.0% 30.00 appear with no clear context or full details.
Call money in New York remained firm at 6 percent with closing bids at 649. Time loans showed mixed collateral 6 to 90 days at 5 percent, 4 to 6 months at 5 percent, and prime mercantile paper at 4 percent. Bankers accepts unchanged.
Foreign exchanges mixed quotations in New York with currencies from Great Britain France Italy and Belgium and Germany and the Netherlands and others. The report lists demand and cable rates for multiple nations and regions including Tokyo Shanghai Montreal and more.
Oats cash No. 2 white 74 to 76. Rye cash No. 2 141. Clover seed cash December 18.10 bid. Other grain and seed unchanged.
Wheat finished easy with Canada bids supporting the market while Kansas harvest prospects improved. Export activity totaled 2,000,000 bu though most trade centered on Canadian wheat. Corn held firm, oats showed mixed moves, and provisions followed the broad market trend.
New York Jane 22 AP reports poultry prices with liv e poultry markets quiet. Broilers priced at 20 87 by freight and 20 45 by express. Fowls offered at 25 28 freight and 23 29 express. Old roosters 16 by freight or express. Turkeys listed at 20 0 freight.
Ledger notes from Bluefield West Virginia detailing small sums: purchases from River Grocery Co for 112.50, War Creek Co. 48.00, Appalachian Electric Power Co. 20.00, and a 7 percent preferred buy. Also references to First National Bank investment group and Community Loan Co. with varied shorthand entries.
A quirky set of clues blending everyday items and directions. It asks for terms like stipend scent and a phrase for afternoon time indicated by two letters.
Baltimore market notes from June 22 list cattle categories with price ranges for steers heifers bulls and feeders. Hog receipts 260 show varied quotes for lights heavies mediums roughs and light pigs, plus calf figures and miscellaneous entries.
Butter prices remained steady across top scores and all grades. Centralized markets showed steady trade with limited offerings as receivers held firm. Potatoes and beans showed mixed movements with old potato markets steady and new potatoes slightly weaker. celery remained steady with crates price 2.50 to 3.00.
New York June 22 AP sugar markets slip as duty free supplies rise. Refiner quotations cut 10 points to 6 cents May while spot market weakness pushes old crop futures lower. July 2.43 and later months settle around 2.56 to 2.69. Refined sugar holds at 6.05 to 6.10 with no demand improvement.
In New York on June 22, cotton pods were quieter while print cloths rose slightly. Weekly sales surpassed 100,000 pieces for the first time in weeks as cotton yarns and wool goods remained quiet. Raw silk rose 10 yen at Yokohama and 5 cents a pound locally, with silk fabrics selling steadily in two lots.
AP dispatch shows active cattle and hog trade with better grades, high pork loins and light hogs up to 26 cents. Top hog price 10.90 for 200–260 lb. cattle receipts 1,500, calves 1,000 as grass cows dull at new lows while grainfed demand strengthens. sheep receipts 6,000 with fat lambs in market.
Active on moderate supply with steady to strong demand. Lambs at 92 Ibs sold 15.50 to 17.15 for good to choice, medium 14.00 to 15.50, culled and common 1.25 to 14.00. Owes medium to choice 150 Ibs down 3.50 to 7.00. cull and Gomme mon 1.75 to 5.25. Commentary hints at a contest to curb long distance contests.
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