Market declines reflect prompt profit taking on June 23
New York stocks weakened as buyers faded and profits were taken. Copper and oil led brief rallies but failed to sustain gains while United States Steel and Bethlehem dropped about two points. Several large names fell three quarters to one and a quarter points as bonds and grains showed minor losses.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Steels
United States Steel
Bethlehem
American Can
American Telephone
General Motors
General Electric
Allied Chemical
Montgomery Ward
Union Carbide and
Radio
Woolworth
International Telephone
J. M. Case
Westinghouse
Bond market fluctuations across Latin American issues
Cross currents marked trading with notable advances for Antioquia San Paulo Rio Grande Do Sul Uruguay Colombia Mortgage Bank Colombia Chile Brazil and Argentina. German loans closed irregular. Liberty and U S treasury obligations fell. Corporate bonds varied. Rails and utilities fell while the industrial average rose modestly.
MENTIONED IN THIS ARTICLE
New York
Antioquia
San Paulo
Rio Grande Do Sul
Uruguay
Colombia
Chile
Brazil
Argentina
Liberty
United States
Foreign exchange rates and demands listed in New York
Irregular foreign exchange quotes show Great Britain at 4.869/16 and 4.8611/16 for cables and spot, 60 day bills 4.8415/32, France 3.91% and 3.9111/16, Italy 5.2314 and 5.239/16. Demands include Belgium 13.92, Germany 23.73, Holland 40.25, Norway 26.78, Sweden 26.81, Denmark 26.78, Switzerland 19.40, Spain 9.72%, Portugal 4.44, Greece 1.291%, Poland 11.20, Czechoslovakia 2.96, Yugoslavia 1.76%, Austria 14.05%, Romania 0.69%, and Argentina 31.75.
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
United
Liansee
Adams
Kelvinator
Advance Rumely
Kennecott Copper
Ewe
Treas
Allied Chemica Solcapieal
Iecateen Lot
Lambert Co
Ceee
Treasury
Allie Chalmers
Sancsensecens
Leho and Fink
Ewewenn
Liggett and Myers “Br
Loew
American Internat
Nonee
Enw
Eene
Lou
Gas
Elec Eee
Ween Een News Eeess
Ludlum Steel
Ane
American Radiator Ee
McKeesport Tin Gene Eses
Wm N Eee
Onse McKesson and Robbins
Rolling Mills
American Steel
Miami
Armour “A” Ee Misouri Kans
Tex
Armour
B” Eerr
Montgomery Wardes
Ass’d Drygoods
Nash Motors
Wonbeenen
Atchison, T
F. Ry
Auburn Auto We
Nat
Distillers of
Ener Eewee News
Balto
Ohio
N. Y
Bendix Aviation
North American Co
Best and Co
Seewen
Bethlehem Steel
Oliver Farm Equip
Soreseeeseces Borden
Otis Elev
Brooklyn-Union Gas
Elec
New Nwewns
Briggs Mfg
Packard Motors
Penick and Ford
Penney, J. Ee
Pennsylvania
R. R
Cerro de Pasco
Phillips Pet
Os Chesapeake Corpu
Pillsbury
Chesa
Prairie Pipe Line
Proctor and Gamble
Keith Ohpheum
Tis Commonwealth and
Southe
Reynolds
Continental Baking
Royal Dutch Ee Ee
Continental Can Eee
St. Joseph Lead We
Continental Insurance
Seaboard Bit -Labc Eeennsoneensee
Continental Motors
Eee Nswenn
Sears Roebuckery
Continental Oil
Shattuck Ee
Shell Union Oil
He Crucible Steel
Curtie-Wright
Sinclair Oil Wn
Tee
Tee Eee Wwen 4% 4% 4% Southern Calif. Edison Own Nee Ann Ee
Curtiss-Wright
Davison Chemical
Il i
Southern Pacific
New Enn
A Drug, Inc
Southern Railway
Ene
du Pont
Studebaker
Texas
General Amer
Texas Pac
Coal and Oion Ee
General Asphalt
General Electric Anew Een Nan
Underwood Elliott — Eetesoessee
General Swan Meee Mee
Union Carbide Eee
Weesee Oy
Union Pacific
General Pub. Service
Gillette Ry
United Gas
S. Ind
Graham Paige
U. S
Steel
Great Northern
Wees
Utilities Power
Eeenee
Grigeby Grunow Ee
Wee Ecole
Goodrich
Virginia and
Caro, Chem
Goodyear
Rsa Amas
Hayes Body
Llnistans Omen
Ward Baking
Herehey Choe
Warner Pictures Ee
Warren Bros
Housten
Ubeceneeeneneses Houdaille Hershey Rowel Eames
Wesson
Coant
Hudson Motors
Western Maryland
Hupp Motors
Western Union
Illinois Central
Westinghouse Airbrake
Wwe
Westinghouse
Willye-Overland
Harvester
Woolworth Ee
Sucscereenassen
Worthington
Johns-Manville
Youngstown
Hancock Investments and Mullens Grocery Closure Notice
Fragmented OCR notes show C. B. Hancock Investments and Mullens Grocery with closure references. Mentions Bluefield West Virginia location at First National Bank Building and a June 23 closure date, plus market percentage notes.
MENTIONED IN THIS ARTICLE
C. B. Hancock
Investments
Bluefield
West Virginia
First National Bank
Mullens Grocery Oo
Funny ‘Frost
Territory Oi
Global city gold peso values listed for markets
The report lists current figures for several currencies and bullion in major markets. Brasil 7.75, Tokyo 49.34, Shanghai 20.76, Montreal 99.60 15/16, Mexico City gold peso 49.10.
MENTIONED IN THIS ARTICLE
Brasil
Tokyo
Shanghai
Montreal
Mexico City
Treasury Receipts and Expenditures Reported
Treasury receipts for June 21 totaled 26 million 877 thousand 32 dollars with expenditures of 14 million 879 thousand 429 dollars and a balance of 513 million 312 thousand 789 dollars. Custom receipts up to June 20 reached 19 million 364 thousand 309 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Money market rates report steady call money and loans
In New York on June 23, call money remained steady at 1 14 percent all day. Time loans held firm with 60 to 90 days at 14 percent, 4 months at 1 1 percent, and 5 to 6 months at 1 1 4 percent. Prime commercial paper was 2 2 percent, bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Butter prices rise in Chicago on light offerings
Chicago butter markets showed a 4 percent advance today due to light supplies and active buying. Fresh butter scores ranged from 93 to 87 with percentage markers, while central district Carlota posted a 22 percent figure and scores around 89 to 88.
MENTIONED IN THIS ARTICLE
Chicago
New York Poultry Market Report
New York June 23 Poultry dressed prices steady live poultry irregular. Broilers 17 26 by freight 17 34 by express 16 21 15 21 roosters 11 12 turkeys 12 20 15 25 ducks 13 15 by freight and 23 by express. Eggs 47 748 steady. Mixed colors unchanged. Other grades unchanged.
MENTIONED IN THIS ARTICLE
New York
Freight
Express
Butter and sugar prices steady in New York market
Raw sugar unchanged at 3.35 duty paid cpots as Futura activity waned. Sales totaled 29 000 tons with half through exchanges. Futures closed with July 1 23 September 1 31 December 1 40 January 1 41 March 1 46 May 1 52 and refined at 4 55 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Futura
Cincinnati Produce Report Summary
Cincinnati June 23 report notes eggs quiet with extras firsts 16 and firsts 14 seconds 12 percent and nearby ungraded 15 percent.
MENTIONED IN THIS ARTICLE
Cincinnati
New York Dry Goods Prices Rise for July August
Prices for July and August delivery rose for print cloths by a further eighth of a cent a yard as large producers advance. Buying was less active while finished goods demand grew moderately. Raw silk stayed firm locally and abroad, with rayon makers expanding capacity and fiber demand strongest for acetate and specialty yarns.
MENTIONED IN THIS ARTICLE
New York
Grain prices in Toledo market report June 23
Toledo grain prices show Wheat No 2 red 76 77 cents per bushel No 3 yellow 75 76. Corn No 2 yellow 57 58 No 3 yellow 56 57. Oats No 2 white 27 44 28 percent, No 8 white 27 27 44. Seeds in warehouse unchanged.
MENTIONED IN THIS ARTICLE
Toledo
Grain prices slide on board policy and selling news
Chicago reports wheat prices tumbling two percent as farm board policy unchanged and allied organization selling news circulate. Government sponsored Farmere' National Grain company was said to be selling June wheat in Minneapolis despite new wheat arrivals from Oklahoma. Harvest of domestic winter wheat in the southwest progresses with yields above expectations.
MENTIONED IN THIS ARTICLE
Chicago
Farm Board
National Grain Company
Minneapolis
Oklahoma
Southwest
Market Report Onions And Potatoes In Pittsburgh
Pittsburgh report lists onion prices in Texas standard crates and 50 lb sacks with yellows and whites varying from 1.25 to 1.66 per unit. Potatoes noted at 68 cars with new stock No 1 North Carolina bar.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
Texas Standard
North Carolina
Commodity prices and poultry stock notes
The list shows cobbler and Bliss Triumphe prices in various regions and sack weights, plus old stock notes and Green Mountains pricing. Butter and egg/cheese markets remain unchanged with nearby tubs at 92 score, 2314 89 score 224 percent, and 88 score 20 percent. Poultry prices cover hens, leghorns, broilers, springers, ducks, and dressed stock with no changes.
MENTIONED IN THIS ARTICLE
Tels Cobblers
Virginia Barrela Cobblers
Louisiana
Cobblers
Arkansas
Maine
Green Mountains
Baltimore Livestock Prices Reported for Cattle and Sheep
Baltimore Livestock reports cattle receipts at 100 with ranges for steers bulls and cows across quality grades. Sheep and lambs show receipts of about 250 with prices for lambs and hogs listed, including calves and light pigs, reflecting varied market stands.
Curb Market Shows Heavy Tone After Gains Profit Taking
New York June 23 curb market traded with a heavy tone as gains on Saturday and Monday prompted profit taking. Turnover reached 460000 shares with copper zinc and lead prices firming pushing mining issues up. Standard of Indiana active but only small advance, Nebraska gains, Cities Service and Vacuum slip slightly. Some natural gas issues firm including Arkansas Lone Star and natural fuel. Electric Bond and Sharp fall about a point in large scale trading while Aluminum Company Deere and Parker Rust decline.
MENTIONED IN THIS ARTICLE
New York
Standard of
Indiana
Standard O
Nebraska
Arkansas
Lone Star
Electric Bond
Sharp
Aluminum Company
Deere
Parker Rust
Pittsburgh Livestock Market Report Highlights Hogs and Cattle Trends
Pittsburgh June 23 livestock report shows hog prices for various weights up to 350 pounds with highs around 8 dollars, cattle prices steady to mixed across weights, calves vealers and sheep also listed with steady to declining tones, noting Monday declines for lambs and broad range across categories and weights.
Chicago Livestock Prices and Movements Summary
Chicago livestock market report shows hogs at 23 000 head with 3 000 direct, steady to 10 lower. cattle 7 000 and calves 3 000 with mixed shifts, vealers dragging, bulls steady, and sheep about 13 000 with declines on lambs. Highlights include hogs 140-230 lb at 7.25 7.55, sows 5.25 5.75, cattle fed steers up to 8.60 for heavyweight, and lambs 78-80 lb around 8.25.
MENTIONED IN THIS ARTICLE
Pittsburgh
Eteera
Helfera
Chicago
U. S. Dept
Trade Trends and Market Updates in June Construction
Trade trends show New York metropolitan contracts for the first half of June totaling 28 162 100 dollars versus 41 767 700 for the same period in 1930 per F W Dodge. Copper buying remains heavy despite export and domestic price rises. Machinery activity stays slack with orders subdued. Summer conditions fluctuate little with a steady price structure. American Machinist notes iron and steel weekly production around 37 percent, a coming summer low near July, then anticipated gains.
MENTIONED IN THIS ARTICLE
New York
F. W. Dodge
Steel
Iron and Steel Review
Salls “Steel
Weather district shifts in August report
The Chicago district sinks to 36 percent, down two pints from last week. Valleys and Buffalo rise slightly while Pittsburgh and Birmingham fall modestly.
MENTIONED IN THIS ARTICLE
Chicago
Valleys
Buffalo
Pittsburgh
Birmingham
Wall Street Briefs Highlight Finance and Industry Moves
New York June 23 National Tube a U S Steel subsidiary won a 5500 ton contract for 14 inch camelia tubing from Phoenix Utilities. Commonwealth Edison sells 85 million first mortgage 4 percent gold bonds series F due 1982. J J Pelley reports no immediate improvement in business conditions at NYNH Hartford. W F Hall Printing renews with Montgomery Ward to print 60 percent of catalogs and 65 percent of sale books. IBM Europe April May sales rise about 22 percent year over year. Thomas J Watson comments.
MENTIONED IN THIS ARTICLE
New York
National Tube Company
United States Steel Corporation
Phoenix Utilities Company
Commonwealth Edison Company
Halsey, Stuart and Company
W. F. Hall Printing Company
Montgomery Ward and Company
Hall
Ward
International Business Machines Corporation
Thomas J. Watson
Watermelon patch death trial starts in Glenville
Royce Lawnon aged 18 and his sister Helen 16 testified at the trial of George Alltop Cedarville farmer charged with fatally shooting Almost Childers 18 at a watermelon patch. The witnesses said they stopped at the Alltop farm before the shooting and identified Alltop as the melon guard. Eight other witnesses testified they saw Alltop guarding the patch and some noted a shotgun nearby. Childers was shot while crawling under a fence during a melon pursuit.
MENTIONED IN THIS ARTICLE
Glenville
W. Va
Royce Lawnon
Helen
Jane Lew
George Alltop
Almost Childers
Alltop
Cedarville
Childers
Junior Choir Rehearsal at Scott Street Baptist Church
All members of the Scott Street Baptist Junior choir are requested to meet at the church on Wednesday at 7 50 oclock for rehearsal.
MENTIONED IN THIS ARTICLE
Scott Street Baptist Church
Dr. J T Nolen Fined and Jail for DUI in Wheeling
Dr J T Nolen a 50 year old safety director for a coal company was fined 100 dollars and costs and given three months in jail after a DUI hearing in Wheeling West Virginia He filed an appeal and posted a 2000 dollar bond. He was arrested after his car was paid by police to collide with two other cars.
MENTIONED IN THIS ARTICLE
Wheeling
W. Va
J. T. Nolen
Revenue car loadings dip for week ending June 13
American Railway Association reports 732 456 revenue freight cars loaded for the week ending June 13, down 28 437 from the prior week and 193 613 from the year-ago week. Coal 106 403. ore 27 614. coke 5 462. declines noted across major commodities.
MENTIONED IN THIS ARTICLE
Washington
American Railway Association
Car orders will give work to 700 steel men
Pittsburgh June 23 The Press Steel Car corporation has received orders that will provide work for 700 men. The orders total $600,000 for 803 steel under frames for refrigerator cars and 260 forty ton gondola cars. Some work will be done at Koppel Industrial Car and Equipment corporation near Beaver Falls. The Koppel concern, a subsidiary of Pressed Steel Car, will recall 300 workers.
MENTIONED IN THIS ARTICLE
Pittsburgh
Press Steel Car Corporation
Koppel Industrial Car and Equipment Corporation
Koppel
Beaver Falls
Pressed Steel Car
Thirteen Indicted in Hamtramck Inquiry
Thirteen people face indictments in Hamtramck sparked by a sweeping Detroit area municipal probe. Eight city officials including Mayor Rudolph G. Tencrowicz and Chief Harry K. Wurmuskerken are charged with bribery conspiracy and neglect of duty. Five alleged disorderly house operators face bribery conspiracy and operating disorderly houses charges.
MENTIONED IN THIS ARTICLE
Detroit
Hamtramck
Rudolph G. Tencrowicz
Fred Dibble
Joseph Skomski
Harry K. Wurmuskerken
William Cohen
Joseph Rupinski
Anthony Lipka
Daniel L. Minock
Also Mentioned on This Page
Wednesdaay
Bluefield Daily Telegraph
Ova R. Pelousi
Ah KS Os
Standard Statistica Co
Standard Statistics Co
R.R
Anoue
N. Y. Stock Exchange
Bryan, Kemp and Company
West Virginian Hotel
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
NEW York Poultry
Cincinnati Produce
Toledo Grain
Chicago Grain
First National
Luefield
Baltimore Livestock
Baltimore
Helfers
Pittsburgh Livestock
Chicago Livestock
The
Associated Press
Wall Street Briefs
J. J. Pelley
New York, New Haven and Hartford Railroad
RED Cross
Wilmington
Charles Matthews
Gettysburg
Oklahoma City
Oklo
Matthews
Pauline Stark
Los Angeles
Jack White
Superior Court
Isaac T. Mann
James Ellwood Jones
O .L. Alexander
Arthur J. MacBride
R. L. Wallace
H. R. Hawthorne
Pocahontas Fuel Company Incorporated
One Broadway
Pocahontas
Tidewater
Great Lakes
Atlantic Coast
Lambert's Point
Sewall's Point
Norfolk
Newport News
New Bedford
Mass
Salem
Mystic Wharf
Boston
Portland
Sandusky
Portland, Maine
Meoral, Va
Lil
Moxey, Savon & Co., Ltd
Lime Street Square
London
D. C
England
Coal Trading Association
Rotterdam
Mpreverick
Uncle Bar Iy
Dom
Gin
BY Sidney Smith
Cumbtock
Tom Carr
Thore Noves
Benjamin Gump
Man Favor
Sime
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