Stock Market Ends Bearish On Weak Wheat and Rails
Speculative sentiment turned bearish in the final half hour as prices fell across the list. The weighted index of ninety stocks hit a new yearly low, with losses of 2 to 7 points in pivotal names and rails showing persistent liquidation after reports of lower first six month operating income. United States Steel and Bethlehem Steel hit year’s lows. American Can neared its minimum. Final prices were near the bottom. Short term money moved lower with rates at multi year lows.
MENTIONED IN THIS ARTICLE
New York
Rails
United States Steel
Bethlehem Steel
American Can
Bond market mixed as US government issues lead gains
A listless New York bond trading session showed United States government bonds rising a few thirty seconds on moderate accumulation. Some railroad bonds improved while others eased. Sugar bonds reached new levels for the year amid moderate activity in foreign issues with leaders steady.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
United States
Call Money Rates See Slight Shifts In New York
In New York on June 24 call money remained steady at 2 percent for high and low ranges. Time spans showed easing pressure with 30 to 60 days near 2 percent and longer terms from four to six months around 2 to 3 percent. Prime commercial paper quoted at 3 4 percent and bankers' acceptances steady with short and medium maturities around 2 percent.
MENTIONED IN THIS ARTICLE
New York
Government Bonds Market Report From New York
United States government bonds listed in New York show prices across several issues with Liberty bonds at 4466 and 102.2 for 28 Fire, Treasury articles trading around 113.28 for 4548 and 102.21 to 105.31 ranges. The report notes varied yields and stocklike quotes in mid June trading.
MENTIONED IN THIS ARTICLE
New York
United States Government
Liberty
Treasury
Foreign exchange rates and quotes across major markets
New York on June 24 reports irregular foreign exchange trading with Britain at 4.86 13 16 in dollars and 4.83% on 60 day bills, France at 3.921% and 3.92, Italy at 5.2214 and 5.23 16-16, and other nations including Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Jugoslavia Romania Argentina Brazil Tokyo and Shanghai quoted in various currencies. Great Britain quotes in dollars, others in cents.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Rumania
Brazil
Tokyo
Shanghai
Montreal
Pittsburgh Produce Prices and Receipts Report
Pittsburgh June 24. Produce demand slow. Apples steady with New York russets at 4.00 per bushel basket and New York Baldwins 2.00 to 2.50. Cabbage steady with Louisiana crates 1.00 to 1.2. Missouri barrel 2.00 to 2.25. Onions receipts 33 carloads, Texas yellows 1.50 to 1.60 per crate, 50 pound sacks 1.40 to 1.50. Potatoes weaker, Virginia Cobblers 4.25 to 4.59 per barrel. Butter eggs cheese poultry unchanged.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York
Texas
Virginia
Poultry Prices Move Slowly in New York Market
Poultry dressed remains dull and unchanged while live poultry shows weakness. Prices for live birds vary by freight or express with 19 to 29 cents for pros, 20 to 22 cents for freight or express fowls, and roosters at 11 to 12 cents.
MENTIONED IN THIS ARTICLE
New York
Sugar futures hold steady amid limited offerings in New York
Raw sugar prices were steady with scarce duty free and store sugar offerings at 2.24c and 3.27c. Final raw futures edging 1 point higher to unchanged with July at 3.17c and December at 3.3c. No. 1 contract closed July 1.27c, September 1.35c, December 1.44c, January 1.45c, March 1.53c, May 1.60c. Refined sugar quiet at 4.60–4.70c.
MENTIONED IN THIS ARTICLE
New York
Butter Prices Steady Amid Strong Demand For High Scores
Butter prices held firm in Chicago with demand showing strength for 87 to 89 score grades. Buyers cleared offerings quickly and firms kept 9 percent and various score ranges cited, while centralized markets posted steady scores around 89 to 90.
MENTIONED IN THIS ARTICLE
Chicago
Flour barely steady in New York trade
Flour market reports a barely steady tone in New York on June 24 with small price moves observed. Producers and mills watch for demand shifts as markets edge along.
MENTIONED IN THIS ARTICLE
New York
Grain prices and seed bids from Toledo market
In Toledo on June 24 wheat No. 2 red 92 92 1/2 cents. Corn No. 3 yellow 80 82 cents. Rye No. 2 73 cents. Cloverseed October bid at 12.90 dollars. Deomenes 18.10 bid. Alsthe 11.25 bid.
MENTIONED IN THIS ARTICLE
Toledo
Alsthe
Northward wheat spread shocks Chicago grain market
Chicago reports a northward wheat move from Nebraska pushing prices lower by 4 cents per bushel. Market observers foresee Nebraska grain swelling U S supply, risking elevator and rail congestion, with closing quotes near day lows not seen since 1914. Corn and oats declined marginally while provisions held firm.
MENTIONED IN THIS ARTICLE
Chicago
Nebraska
United States
N Y Stock Exchange Quotations Update
Bryan Kemp and Company listed on the New York Stock Exchange with quotations. James E F Mann is manager in Bluefield West Virginia. Jack R Younger is assistant manager at Chicago Board of Trade.
MENTIONED IN THIS ARTICLE
Isaac J. Mann
James Ewood Jones
Mar. Alexander
LisieBride
Anne Mer
Lenna Asst
Hawthorne
Secre Pocahontas Fuel Company
N. Y. Stock Exchange
Bryan, Kemp ,and Company
New York Cotton Exchange
Chicago Board of Trade
Wall Street Briefs Highlight Mixed Steel and Cotton Trends
New York reports United States Steel production around 71 percent, down slightly from 72 percent last week, while independents run a touch under 61 percent. Cotton outlook shows July 31 stock at 4.4 to 4.5 million bales with exports near 6.75 million and domestic use around 6.25 million. American Zinc Wead and Smelting calls July 23 meeting to convert 209,000 shares to no par and boost authorized no par to 1,000,000. Howard T. Young named president. Virginian Railway May income drops to 460,748 from 760,895 prior year.
MENTIONED IN THIS ARTICLE
Si ‘ Adams Express
Kennecott
Ts Advance Rumely
Krueger Amd Toll
Lambert Co. Sevenscace
Eeeween
Alleghany Corpu
Asec
Y Lehn and Fink
Allied Chemical
Allis Chalmers
Liggett and Myers
Lowe's Inc
Louisianna
American Internat
Ludlum Steel
American Locoasaeee
McKeesport Triad
Mack Truck
American Rolling Mills
Magma Copper Ceal
Mathieson
American Steel Fdy
American Sugar Ref. Doke
Miami Copper
American T. and T
Midcontinent Petro
American Tob. Brace
Missouri, Kans
Tex
Ashy Water Works
Mont. Ward
Nash Motors Ee
Biscuit Ee
Armour
Auburn
Norfolk and Western
Aviation Corpn
North Amer. Aviation
North Amer Cowaeeee Heeewene
Northern Pacific
Bendix Aviation
Oliver Farm Equip
Olis Flevator
Best and Co
Pac, Gas and Blee
Bethlehem Steel
Orden and Co
Packard Motors
Org Warner
Pan-Amer. Pet
St Briges Mig
Wstecesaneeses
Paramount Publix Aee
Ewe Bae
Brunswick Balke Col
Pathe Exchange
Byers Pipe
Wees Herren
TM Calif
Pathe Exchange A Hee
Arizona
Penick and
Ford
Penney, J. C
Canada
Penn
Dixie Cementit
Canadian Pacific
Pennsylvania
R. R
Phillipa Pet
Cccon
Savesneewee Lm
Prairie
Eressese
Cerro de Pasco
Proctor and Gamble
Chesa
Ohio
Public Service N. J
Chicago Great Western
Pullman
Chi
Mil
St. P
Pac
Chi, R. I
Une Am Radio Corpn
Chrysler Ana
I'S Radio
Keith Orpheum
Coca Cola
Commonwealth and Southern
Remington Rand
Ole Aole Republic Steel
Reynolds Metals
Eeeerr Eocasn
Royal Dutch A
St. Joseph
Congoleum Nairn
St. Louis
Continental Baking
Seaboard
Sears Roebuck
Continental Insurance
Shattuck el
Continental Oil
Shell Union Oil
Simmons Bedeleee
Crucible Steel Tim
Simms Pet
Curtiss-Wright TS Tei
Sinclair Oil
Curtiss-Wright
Southern Calif. Edison
Davison Chemical
Southern Pacific
Delaware and ‘Hudson
Southern Railway
Ine
Ence
du Pont
Eastman Kodak
Standard Oil
N. J
Wren
Standard Oil N. Y
Filly
Erie
Stewart Warner
Ilk Federal Water Service Ee
Stone and Webster
Foster Wheeler
Studebaker
Fox Film Aaaaewe
Texas Corp
Freeport
Texas
Texas Gulf
General Amer
Texas Pac
Holy General Asphalt
General Electric
Underwood Hillett
General Foods
Union Carbide
United Carbon
Gidden Co
United Corpn
Va Ag
United Gas
Impr
Graham Paige
U. S
Gulf States Steel
Vanadium Steel
Hayes Body
Virginia and
Caro, Chem
Fly
Hershey Choc
Wabashaa Ee
Houdaille Hershey
A Eee
Houston Oil
Ward Baking
Warner Pictures
Hudson Motors
Wesson Oi
Western Maryland
Combustion
al Western Union
Mwa
Harvester Ee Ee
Tis Westinghouse
Westinghouse
Willve-Overland
Woolworth Tel
Worthington
Inland Steel
Youngstown
Johns Manville
Aes
New York
United States Steel Corporation
Wall Street
New York Cotton Exchange Service
American Zinc, Wead and Smelting Company
Pittsburgh Livestock Market Report
Pittsburgh livestock receipts include 600 hogs and 50 calves with varied weights. Hog prices mostly 25 cents lower. heavy to medium butchers and sows priced, while cattle show mixed gains and losses across weight classes. calves and sheep also move unevenly with fluctuating values.
MENTIONED IN THIS ARTICLE
Pittsburgh
Blind brothers run oil business in Yemassee
Louie Zeke and Alex Gregorio three blind brothers cannot drive cars yet earn a living from them as partners in a wholesale oil distributing firm in Yemassee. They are ardent baseball fans and run a thriving local operation.
MENTIONED IN THIS ARTICLE
Yemassee
Louie
Zeke
Alex Gregorio
Chicago Livestock Market Report Shows Mixed Hogs Cattle Movements
Chicago livestock receipts totalled 30 000 hogs with direct buys at $9.15 top for 176 210 pounds. Cattle receipts 5 000 head with top fat steers to $12.10 and fat cows to $9.90. Sheep receipts 7 000 head with fat lambs around $12.00 and ewes $2.00–$3.76. Slaughter classes show varied weight brackets and steady to higher bids on fed cattle.
MENTIONED IN THIS ARTICLE
Chicago
Inter Trade
Rebels Claim 30 000 Troops Trapped Near Taikang
Shanghai reports rebel claims of trapping 30 000 government troops near Taikang in northern China were disputed by Nationalist leaders who said their forces moved north and west across Honan while rebels claimed victory. Government dispatches countered that rebels were driven west toward Kaifeng as a siege preparation.
MENTIONED IN THIS ARTICLE
Shanghai
Taikang
China
Honan
Yelow River
Anhwei
Pochow
Halchow-Tungkwan
Kaifeng
Hancock Investments Bid In Bluefield Bank District
Transcribed financial notes show Hancock Investments in Bluefield West Virginia with bids from First National Bank Building. Entries list Cities Service Co Indian Territory coal and timber firms with share prices and closing dates June 23 24 at market values, reflecting a volatile portfolio.
MENTIONED IN THIS ARTICLE
Bluefield Industrial
Indian Territory
Wee Majestic Collieries Co
Tug River
Mwumination
Benton Charged in Slaying of Smiths in Oklahoma Hotel
R L Benton faces prosecution in Muskogee Oklahoma for the murder of George and David Smith Connecticut capitalists. John L Wike, witness and companion of the slain men, identified Benton as the shooter during the Muskogee hotel incident on April 26. The three were in Oklahoma to inspect land and robbery was the motive.
MENTIONED IN THIS ARTICLE
R L. Benton
Muskogee
Okla
George
David Smith
Connecticut
John L. Wike
Smiths
Wike
Oklahoma
Livestock Glands Driven Medical Advances in Chicago
In Chicago laboratories of a packing company glands from cattle, horses, and sheep are processed to make medicines. Suprarenalin from cattle glands aids heart function and bleeding control, insulin from pancreas treats diabetes, and suture materials come from sheep intestines. About 20 glands yield nearly 50 remedies, shaping a major packing industry aid to physicians.
MENTIONED IN THIS ARTICLE
Chicago
Kiwanis Delegates Prepare for Atlantic City Convention
Bluefield Kiwanis president Harry C. Weller and secretary W J Bruch will represent the local club at Kiwanis International’s fourteenth annual convention in Atlantic City from June 29 to July 2. About 6 000 delegates from across the nation attend. Kiwanis dates back to 1915 with 102 000 members in 1 862 clubs in the United States and Canada. The program includes religious musicale opening, business sessions, club officer conferences, and efforts on underprivileged children and civic aims. The local duo will join the reception and ball for International President McDavid and officials will be elected July 2. A golf tournament is planned for Thursday.
MENTIONED IN THIS ARTICLE
Harry C. Weller
W. J. Bruch
Bluefield Kiwanis Club
Atlantic City
M. J
Kiwanis
McDavid
Eckman Man Reenlists for Navy Service
Henry Bassetti of Eckman reenlists after six months at home and is accepted as a seaman first class. He was discharged six months ago and reenlisted at Bluefield station. Ralph Owen of Cleveland Virginia is home for a recruit furlough and will enroll in radio training in Hampton Roads. Bassetti is assigned to duty at Hampton Roads.
MENTIONED IN THIS ARTICLE
Henry Bassetti
Eckman
Unit States Navy
Bassetti
Bluefield
Ralph Owen
Cleveland
Hampton Roads
Saskatchewan Power Commission to Extend Rural Lines
Saskatoon reports the Saskatchewan government power commission will spend about 2 million dollars in 1930 to extend electric power lines into rural areas. In neighboring Ontario, roughly 30 million dollars is planned for two years to develop electric power in the north.
MENTIONED IN THIS ARTICLE
Saskatoon
Saskatchewan
Saskatchewan Government Power Commission
Ontario
Also Mentioned on This Page
U. S. Steel
Standard Statistics Co
Util
Tot
Toda
Sesso
Ind
R. R. Util
Chicago Grain
Pocahontas
Tidewater
Great Lakes
Pocahontas Fuel Company Incorporated, Sn
Pocahontas Fuel Company, Incorporated
Broadway
Norfolk
Main St
Boston
Mass
Board of Trade
Cincinnati
Traction
Portland
Maine
Mont Mouiion St
West Virginia
New Bedford
Pocahontas Wharf
Tilliman Street
Ena
Atlantic Coast
Lambert’s Point
Sewell's Point
Newport News
City Piers
Sandusky
Ohto
London
Moxey, Savon & Co
Plassi S. Matteo
Geneva
Pocahontas Fuel Co., Inc
N. Y
Watkins
Scott
Western Union
Lieber’s
New York Curb Exchange
Richmond Stock Exchange
James EF. Mann
Bluefield, W. VA
Jack R. Younger
Wall Street Briefs
The
Virginian Railway
Lke
Pittsburgh Livestock
Chicago Livestock
Newayen
Conn
Kiwantans
Eckman Man
Great Bluefield
First National Bank
Ah Federal Reserve
Ghe — First National Bank
Bluefield, W.va
Andy
Min
BY Sidney Smith
YALE
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