Market Overview Shows Subdued Trading Across Stocks and Bonds
New York traders saw little change as markets remained dull and trend uncertain. Some stocks posted small gains while several firms announced unfavorable dividends and rail traffic declined in May. Sugar futures edged higher while several industrial and consumer names rose modestly. volume stayed weak at about 472000 shares.
MENTIONED IN THIS ARTICLE
New York
Sterut
Wall Street
U. S
Steel
Allied Chemical
Case
Consolidated Gas
North American
Sears Roebuck
American Telephone
New York Stock Exchange Quotations Desk Notes
Quotation services listed with telephone contact 1800 at Blupfield West Virginia. Exchanges named include New York Stock Exchange New York Cotton Exchange New York Curb Exchange Chicago Board of Trade Richmond Stock Exchange. Management staff James Be. Mann and Jack R. Younger assigned as Manager and Assistant Manager.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
New York Cotton Exchange
New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
Bond Market Holds Steady Amid Sparse Trading
The New York bond market drifted with sporadic rallies in special issues and no broad liquidation. Trading volume fell to 10.109 million, with 60 corporate issues averaging a three tenths point drop. utilities held steady while industrials eased slightly. The late rediscount rate cut to 2 1/2 percent was not announced until after the close.
MENTIONED IN THIS ARTICLE
New York
New York Federal Reserve Bank
Curb Market Drifts as Turnover Dips at New York
The curb market idled in desultory trading in New York on June 23 with prices holding a steady tone and turnover at about 70,000 shares. Bond and Shore holdings showed little change as Electric Bond and Share issues were largely discounted for omission of dividends by Electric Power and Light. Standard of Indiana in oils rose slightly near the year’s high while Industrials and specials were mixed.
MENTIONED IN THIS ARTICLE
New York
Bond and Shore
Standard of Indiana
Railroad May Statements Mixed with Few Positives
May railroad statements show overall discouraging results with Western Pacific outperforming last year and Reading forecast to follow suit. A New York cotton exchange seat sold for 9,500 dollars, down 500 from the prior sale. Steel ingot and castings production in 1931 reached 25,945,501 tons versus 40,699,483 tons in 1980 per the American Iron and Steel Institute. Standard Oil of New Jersey raised spot tank car gasoline prices by half a cent across its territory except New York.
MENTIONED IN THIS ARTICLE
Associated Press
May
Western Pacific
American Iron and Steel Institute
Standard Oil Company of
New Jersey
New York
Call Money Steady in New York Market
Call money in New York on June 23 was steady at 2 percent all day. Time loans remained unchanged with 60 to 90 day loans at 1 percent and 4 to 6 month loans at 1 percent. Time commercial paper and bankers acceptances also unchanged.
MENTIONED IN THIS ARTICLE
New York
Government Bonds Market Update From New York
The United States government bond market closes with Liberty 3448 32 47, first 4 percent 8 32 47, fourth 4 percent 6 33 38, Treasury 4 6 47 50, Treasury 4 percent 6 46 54, Treasury 3 percent 6 46 56, and Treasury 8 percent in the 40s to 43 range.
MENTIONED IN THIS ARTICLE
New York
United States
Liberty
Treasury
Foreign Exchange Rates Across Major Currencies Reported
New York June 23 foreign exchange markets show ease with quotations for Great Britain in dollars and various currencies in cents. Notable bids include France at 3.93 percent, Italy around 5.08 percent, and Argentina at 25.79 with several European and Americas currencies listed as nominal or current rates.
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
Brazil
Tokyo
Shanghai
Montreal
Mexico City
Sugar Quiet as Futures Rally Supports Tone in New York
Raw sugar was quiet but the under tone remained firm in step with rising futures. Offers did not fall below 2.90 and refiners showed little interest above 2.82. Approximate sales reached 30,350 tons with July to May futures mapped from .83 to 1.06. Refined sugar held at 3.90 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Coffee futures end mixed on late session buying
New York June 23. Coffee was inactive then firm as selling eased and traders covered. No 7 contracts opened flat and closed 1 to 4 higher while Santos contracts fluctuated, with July 9.38 for Santos and July 6.18 for No 7. Closing quotes show varied levels across months, including Rio and Santos spot references.
MENTIONED IN THIS ARTICLE
New York
Seles
Santos
Rio
Butter prices steady in Chicago market report
Butter in Chicago on June 23 shows steady tones with fresh 93 score and 1644 17. Other quoted scores include 92 16, 91 15 percent, and 90 15 percent. Centralized carlotas list 90 16, 89 15, and 88 14 percent.
MENTIONED IN THIS ARTICLE
Chicago
Dry goods market quiet in New York trade
Cotton goods were quiet today and gray cloths slightly easier. Finished goods are selling in moderate lots. Men's wear and women's wear goods are quiet.
MENTIONED IN THIS ARTICLE
New York
Produce market report from Pittsburgh June 23
U S and Pa Dept of Agriculture note slow demand for produce. Apples 8 cars steady with New York Baldwins at 1.50 and Illinois Transparents at 2.50. Cabbage 24 carlots weaker with Tennessee 60 lb crates at 1.00 and Ohio 100 lb crates at 1.25. Potatoes 28 carlots steady with Virginia Cobblers at 2.90 to 3.00. Others unchanged.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
New York
Baldwins
Illinois
Tennessee
Ohio
Virginia Cobblers
Cincinnati Produce Seconde 10 Other Rates Unchanged
In Cincinnati on June 23 the market shows Egee seconde at 10 with other prices holding steady. This notice records minor adjustments and steadiness across listed produce items.
MENTIONED IN THIS ARTICLE
Cincinnati
Toledo Grain Report Shows Stable Wheat and Oats
Toledo grain on track on a 28 percent crate basis with wheat and oats holding steady. Corn No 2 yellow quotes at 30 and 31 percent, No 3 yellow at 29 and 29.4 percent.
MENTIONED IN THIS ARTICLE
Toledo
Wheat and corn market actions show mixed ahead of trade
Export demand for wheat at the seaboard disappointed while some business with France was reported as underway. Wheat closed nervous about the same as yesterday, corn inching higher, oats unchanged, and revisions indicating small price shifts between 12 and 0 cents.
MENTIONED IN THIS ARTICLE
Seaboard
France
Grain futures trim losses as wheat weakens and corn gains
Chicago wheat fell on growing worry over potential black rust damage while corn held firm with a hopeful export outlook. Traders noted underlying strength despite mixed price action as market focus shifted to weather risks and overseas demand.
MENTIONED IN THIS ARTICLE
Chicago
Pittsburgh Livestock Prices Mixed Across Hogs Cattle and Sheep
Hogs hold at 130 to 160 pounds 4.15 to 4.60 for light weights 130 160 pounds For 160 200 pounds 4.40 to 4.60 200 250 pounds 4.20 to 6.60 250 350 pounds 6.25 to 7.00. Cattle steady to unchanged with ranges for good common and medium 900 1300 pounds 4.35 to 7.00. Vealers milk fed 5.50 6.50. Lambs 90 pounds down 6.00 to 7.25. Sheep and yearlings weak to slow with mixed ranges.
Chicago Livestock Prices Across Hogs Cattle and Sheep
U S Dept yields show hogs 17 000 with 4 000 direct and 10 15 above prior. Pigs 50 90 higher. packing sow 3 15 3 65. Shippers held 4 000. good and choice 140 160 lb 3 80 4 15. 160 200 lb 4 00 4 25. 200 250 lb 4 10 4 25. 250 350 lb 3 85 4 20. Cattle 5 000. calves 2 000 steady. top weighty steers 8 10. long yearlings 8 00. good and choice 600 900 lb 7 00 8 25. 900 1100 lb 7 00 8 25. 1100 1300 lb 7 00 8 25. 1300 1500 lb 7 00 8 25. common and medium 690 1300 lb 4 25 7 00. heifers 6 00 7 00. cows good and choice 3 25 5 00. common and medium 2 50 3 25. Sheep 14 000 steady to strong. fed yearlings 4 00 4 50. lambs 90 lb down good and choice 6 00 6 75. medium 5 00 6 00.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept
Baltimore
Jersey City Livestock Market Report June Run
Cattle 1,110 head all direct. vealers 810 with 760 direct. vealers good to choice 6.50 to 7.50, medium 5.00 to 6.00, culls 2.50 to 4.00. Lambs 10,990 with 8,240 direct. lambs weak to 25 lower, good to choice 7.00 to 7.50, medium 6.00 to 6.50.
MENTIONED IN THIS ARTICLE
Jersey City
Baltimore Livestock Prices Flat Across Cattle and Hogs
Baltimore market report lists cattle and hog prices for June 23 with ranges for steers cows and heifers, noting lower sheep and lamb values and higher western hogs. Calves show lower activity with good to choice bidding between five and six dollars.
Weekly US Coal Output Tops Four Million Tons
Bituminous coal production for the week ended June 18 reached 4 160 000 tons, up from 3 975 900 the prior week, with 6 635 000 tons in the comparable 1931 week. Florida citrus pack totals 1 226 415 cases, grapefruit 57 057, against last year’s citrus 3 199 178 and grapefruit 2 726 000. Rubber output in British Malaya rose in May, large estates 19 915 tons, small estates 14 079 tons, vs April.
MENTIONED IN THIS ARTICLE
National Coal Association
United States
Florida
British Malaya
Rubber Exchange of New York
New York Poultry Prices and Freight Rates Report
New York June 23 prices show creased bone steady. Old roosters freed live poultry flow. Brosters by freight 14 19, express 13 24, fowls freight and express 14 16, roosters freight 12 express 13. Eggs 28 524, uncettied. Mixed colors standard 15 15 percent. Rehandled receipts 43 lbs net 14 14 percent. No grades 134 percent.
MENTIONED IN THIS ARTICLE
New York
Bethel A M E Church Programs and Meetings
The Bethel A M E church announces a Junior Choir meeting at 6 PM, Rev J A Walker to preach at John Stewart Methodist tonight at 8 PM with choir and worship. A Woman's Day program by the Stewardess board is set for Sunday at 3 30 PM with readings talks and music by city talent.
MENTIONED IN THIS ARTICLE
Bethel A. M. EE. Church
John Stewart Church
J. A. Walker
Blake Chapel
A. M. EE. Zion Church
John Stewart Methodist
Walker
Hight
Stewardess Board
Bethel A. M. E
A. Abbott
W. P. Nowlin
Milton
West Virginia Briefs Quick Fire News Items
Fire destroys a church, a grocery and an apartment in Elkins with four hours of effort. losses around 10000 dollars. A slate fall in Galloway mine kills John Matko. a kerosene explosion fatally injures Mrs Marcel Bolyard. A railroad death near Belleville claims Humphrey Jr. Charleston court fines J Raymond Gordon for contempt. Coal bank slide at Pigeon Creek injures Billie Baisden. Allstate licenses revoked by state auditor over Sears ties. Weyling hosts second bonus army rally. permits granted for speeches. A five year old dies from a snake bite near Great Cacapon. Hawley will case lacks new trial. 1903 will executors differ. Calvert Estill praised by Dr Golden. Kanawha courthouse receives first bath in years. Logan home destroyed by fire from wiring. State education leaders head to Atlantic City for NEA meeting. Clarksburg chosen for 1933 Women’s Missionary meeting.
Hoover greets Missouri Confederate veterans in Washington
A gray day greeted a group of Missouri Confederate veterans en route to their Richmond convention as President Hoover turns to shake hands with the elderly veterans known as the boys in gray.
MENTIONED IN THIS ARTICLE
White House
Missouri
Richmond
Washington
Hoover
Boya
Police Captain Arrests Man Over Failing Car Horn Incident
Tiffin Ohio police captain Harold Fraley arrested Gus Hicks after a dispute over a prolonged horn. Fraley entered Hicks’s car to take him to the station. Hicks cried out when he sat, having been seated on his set of false teeth.
MENTIONED IN THIS ARTICLE
Tiffin, O
Harold Fraley
Gus Hicks
Hicks
State Air Tour Pilot Forced Landing Near Huntington
W H Long of Beckley made a forced landing in a meadow east of Huntington en route from Point Pleasant due to a clogged oil line. The issue was repaired and Long continued. Fred Soule of Williamson won the bomb dropping contest in an autogiro and L V Weat of Huntington won a light plane race. The event was marked by a banquet led by Dr I I Hirschman, chamber of commerce president. The tour splits tomorrow with flights to Beckley and Williamson.
MENTIONED IN THIS ARTICLE
Huntington
W. Va
West Virginia
I. I. Hirschman
Chamber of Commerce
Beckley
Williameton
Testimony wraps up in Uniontown murder trial
Uniontown Pa June 23 final arguments set to begin tomorrow in the murder trial of R C Bledsoe and Cosmo Stengoni over Constable John F Donohoe slaying. State witness Tony Bell faces perjury charges after testimony. Judge Morton ordered immediate preparation of Bell indictment. Mike Bond testified Bledsoe confessed to taking part in the killing. Defense cites Bond’s alleged criminal record.
MENTIONED IN THIS ARTICLE
Uniontown
R. C. Bledsoe
Cosmo Stengoni
John F. Donohoe
Tony Bell
John Morton
Bell
Mike Bond
Fayette County
Bledcoe
Donohoe
Estill Rejects Foundations Of Criticism On Welfare Work
Estill, head of the public welfare department, telegraphed Dr. Albert H. Hoge, former West Virginia Medical Association president, saying Hoge's objection to laymen running welfare work is without foundation. He noted state hospitals operate under lay supervision and cited crippled children programs in other states as examples. Hoge said he has no personal complaints about Estill but opposes lay leadership.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
Calvert L. Estill
Department of Public Welfare
Albert H. Hoge
State Medical Association
Hoge
Katill
Parkersburg
Bastill
Estill
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Standard Statistics Co
Ind
R.r.jetty
N. Y. Stock Exchange
Bryan, Kemp and Company
West Virginian Hotel
Blupfield, W. VA
James BE. Mann
Jack R. Younger
Eastman Kodak
Pac
Elec
Packard Motors
Alaska Juneau Gold
Electric Autolite
Paramount Publix
Light
Penney, J. C. +e
American T
Ng General Electric
UN American Bane
Genera
Radio Co
American Water Works
General Motora
Keith Orpheum
Anaconda Corp. Gillette Safety
Reo Motors
Wee Eerenae Glidden Co
Republic Steel
Armour Atch
F. Ry
Reynolds Metals
Eeneee
Atlantic Refining
Reynolds Tob
Bane
Auburn Auto Ay
Locdvens Tire
St. Joseph
Royal Dutch Seeteee Aviation Corpn
Wee Herahey Choc
Hudson Motors
Seees
Bante
Wee
Hupp Motors Eeeeee
Simmons
Ane
Calif. Edison
Best and Co T
Int
Harvester
Bethlehem Steel
International Shoe
UN Southern Pacific
Borden and Co
Mu Int Nickel
Standard Brands
Brooklyn Man Tr Ns
Int. Tel. and
Teleee
Standard Gas
Briege Miehns Manville
Byers
Mnator
Canada
Kennecott Copper
Stewart Werner
Canadian Pacific
Kroger Groc
Stone and Webster
Underwood Elliott
Chicas Northwestern
Louisville
Union Carbide
R. I
Lou. Gas
Union Pacific
United Aircraft
McKeesport Tin
United Carbon
Nash Nat
Biscuit Motors
Continental Can
Nat
Distillers
Vanadium Steel
Continental Insuranc Nat
Warner Pictures
Continental O11
Nat. Steel
Teeeeenee
U“ Wesson Oil
Eee
Sin Corn Acts
N. la L. Central
Seeesee
Maryland
Norfolk and Western
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Curtiss-Wright
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Westinghouse Elec
Delaware and Hudson
Main Inc
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R.R
Wall Street Briefs
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Elkins
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Marcel Bolyard
Humphrey Jr
West Virginia Farm Bureau
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United States Circuit Court
J. Raymond Gordon
George W. McClintic
Prohibition
Williamson
Pigeon Creek
Billie Baisden
Allstate Insurance Company
Allstate Fire Insurance Company
Edgar C. Lawson
Sears, Roebuck and Company
Shirley Louise Unger
Wheeling
Hawley
W. E. Brennen
Brennen
Kanawha County
Pearl Poteet
Logan
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Wellman
W. C. Cook
Atlantic City
National Education Association
Cook
Joseph Rosier
Fairmont State Teachers’ College
State Association
Women's Missionary Society of the United Lutheran Church, Synod of West Virginia
Clarksburg
Freckles
Ditmars
Pop
Poodle
Ossie
BY Blosser
Constable
C. B. Hancock Investments Cities Service
Aggeeest Electric Power Company
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O. la Alexander
Harry Bowen
James Ellwood Jones
H. R. Hawthorne
Arthur J. MacBride
R. le Wallace
Pocahontas Fuel Company
ONE Broadway
U. 8
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Rotterdam
Frederick Gundersen
al. Ong
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Lisbon
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Genoa
Arthur Felldin
Drottninggatan
Stockholm
Aktiebolaget Bergbrun
Gotherburg
BY Sidney Smith
Nou
Sandy
Hat
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