Wave of Heavy Selling Shifts Stock Prices On Wednesday
New York stocks faced a reactionary turn as heavy selling hit both accounts. Closing quotations showed a long list of losses from one to seven points amid moderate volume of 1,738,200 shares.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 24, 1926
Page
9
New York stocks faced a reactionary turn as heavy selling hit both accounts. Closing quotations showed a long list of losses from one to seven points amid moderate volume of 1,738,200 shares.
An advertisement promises relief from piles with Pile-Foe a physician prescribed treatment sold at Blue Field Pharmacy and Fair View Pharmacies. The copy claims a five day cure or money back and urges customers to share their results with friends.
Local listings show Bluefield firms like American Finance Co and Bluefield Telephone Co offering stocks and coal properties. Prices include Krystal Block Mining Co common at 183.00 and 125.00 for other issues, with Killarney Smokeless Coal at 58.00 and coal shares around 175.00. Fleet National Bank Building contact listed.
Realizing sales held back bond prices while rails and public utilities showed buying interest. French bonds gained after news of a Briand cabinet with Caillaux as finance minister. Skelly Oil bonds rose on merger rumors to a top at 143 1/2.
Liberty bonds quotes list the 3 percent at 101.14 and 4 percent issues around 102.17 for the first, 100.27 for the second four and one quarter, and 101.14 for the third. Treasury 4s quoted at 104.9, 4s 08.6 shows another issue.
The foreign exchange market in New York on June 23 shows stable quotations. Great Britain demand stands at 486 3-16 cents, cables at 4.86 11-14, and sixty day bills on banks at 482 8-16.
A dense ledger of closing prices and ticker notes lists numerous companies including Chesapeake and Ohio, Great Northern, Gulf States Steel, International Harvester, Bethlehem Steel, American Can, American Smelting and Refining, Baldwin Locomotive, Canadian Pacific, Chrysler, General Motors, Kennecott Copper, Norfolk and Western, Northern Pacific, Pennsylvanian, Union Pacific, United States Steel, and many others. The summary echoes a snapshot of market activity with diverse industry names and varied percentages.
New Flyte cream from Goodykoontz Drug Co claims to dissolve freckles in four days. Advertises quick results with promises of cleaner, fairer skin and a youthful look. Sold by Goodykoontz Drug Co and druggists nationwide with a money back guarantee if it fails.
An unreadable OCR fragment mentions locations including Bristol and Norfolk with scattered names. The legible elements reference geographical areas and uncertain personal names, but no cohesive event or outcome is clear.
A listing shows varied demand and currency figures by country and city. Countries include Germany, Italy, Norway, Denmark, Switzerland, Spain, Greece, Poland, Austria, Argentina, Brazil, and Russia, with numerous percentages and sums such as 23.80, 40.14, 22.09, and 100.14 for Montreal. The data reflects demand changes and cable rates across regions.
New York call money remains steady with a ruling rate at 4 percent. Closing bids and last loans show 4 percent, while time loans for 60 to 90 days and 4 to 6 months trade around 4 percent and 4 4 percent. Prime mercantile paper quoted at 74 4.
Live poultry remains steady in New York markets on June 23 with broilers by freight at 31 to 40, by express at 25 to 43, fowls by freight 29 to 0, and by express 3 to 1. Dressed poultry prices hold firm with no change.
Cotton goods trading remains quiet with prices easy yet inquiries coming in. Silk and cotton gray goods show broader demand while rayon producers plan price cuts of 15 to 18 percent effective July 1. Burlaps steady and silks held at current levels as mills resist higher payouts. Worsted dress goods liquidate amid spring and early fall novelties. Coal restrictions shrink linen mill output in Belfast.
Chicago June 23 bidders on the Board of Trade stayed cautious as hope rose for farm relief legislation in the senate tomorrow. Wheat remained dull with little support, while coarse grains showed some activity toward the close with wheat closing unsettled to 1/2 cent higher.
Market notes show corn up a quarter to three cents, oats up a quarter, while provisions drop 10 to 22 points, indicating mixed movements across staple commodities.
Chicago June 23 butter market ruled steady to firm with trading fair. Centralised car market steady to firm. Fresh 92 score 39, 91 score 39 percent, 90 score 38. Centralized 90 score 39, 89 score 38.
Seed and grain prices listed for Toledo on June 23. Wheat and corn values shown, with barley rye cloverseed and timothy seed cash and futures quotes. Prices include oats and miscellaneous seeds with months and cash figures.
New York June 23 raw sugar remains at 4.11 duty paid with quiet trade in futures. July to March futures ease with July at 2.36 and March at 2.69 while refined sugar prices stay 5.40 to 6.70 for fine granular.
Cattle receipts reach 10,000 with steady to strong demand for yearlings and heavy steers. best heavies around 10.5 while yearlings fetch about 10.35. Hog volumes near 15,000 with steady to lower quotes and declines in lower grades. top pigs around 14.90 with packers paying 14.75 to 15.00 for better killing pigs. Sheep receipts 9,000 with fat lambs generally firm to higher. Idaho lambs quoted at about 16.50.
The bulletin shows bulk cattle at 16.00 to 16.25 and bulk natives 15.25 to 15.50 with top prices around 15.75. Culls mostly 11.00 to 11.50, sheep steady, bulk fat ewes 5.00 to 5.65, feeders unsold.
Transfers show L G Bowling as clerk to C W Ferrell for tax deed on lot 40 section 205 Bluefield with a consideration of 11.02 dollars. The same clerk also performed an additional transfer to C W Ferrell.
Tax deed transfers include lot 10 section 911 with clerk G Bowling to C W Ferrell for $27. tax lot 17 section 604 Bluefield for $7.63. tax lot 9 section 206 Bluefield for $8.75. M W Henderson and wife sell to C R Goodson lot 5 section S77 Bluefield for $10. Martha C Tolly et al sell to W T Hash et al 150 acres near Ingleside for $1,147.
The Flat Top Choral convention at Scott Street Baptist Church spans two days with twenty choirs in attendance and beneficial meetings led by Mrs. D. O. Moore of Bluefield. The event strengthens the Flat Top church organization as harmony marks the sessions.
London reports Helen Caldwell of Flint Michigan and Ruth Rawlings of El Paso Texas will travel in Europe this summer for six hundred pounds each. They bought all their clothing for the trip.
Two teachers interviewed describe traveling on a tight budget using quick lunch counters to save for the trip. Their itinerary lists Ven ee, Florence, Milan, Mentone, Aberdeen, Monte Carlo, Cannes, and Nice as they pursue the sea’s famed cuisine and a home visit amid a storied era.
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