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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 26, 1928
Page
11
Prices fluctuate as stocks move in a tepid session with Industrial and Rails averages quoted. The Associated Press notes mixed performance with a high around 1928 and a low near 138, while totals show a loss of 300 shares traded.
The market opened weak then rallied mid day and faded with final quotations irregular. Volume was light at 1,086,300 shares with modest gains led by Texas Pacific up 12 points to a new high while steel, rubber and sugar issues were hit and several rails showed mixed results.
The New York bond market opened dull with prices near yearly lows. Industrials faced pressure as Pierce Arrow and General Motors accepts slipped toward year’s lows while Treasury issues showed heaviness and irregular activity persisted.
New York June 25 market bulletin lists closing prices for U S bonds. Notable items include Treasury 4s at 115.14 and 4s at 108.14 along with 3% and 3%s around 105.26 to 101.21. Sigs quotes center around 100.7 to 101.25 with various series detailed.
Call money in New York remained steady with all loans at 6 percent. Time loans showed firmness with mixed collateral for 60 to 90 days at 5 percent, short bills quoted around 4 to 5 percent, and mercantile acceptances for 30 to 60 days also near 4 percent, with various terms indicated.
Mixed quotations for foreign currencies in New York show Great Britain at 487 percent demand with 4.887 percent cables and 60 day bills at 4M. France 3.92 to 3.953-16, Italy 5.25 percent demand with 6.25 percent cables. Rates are listed for Belgium to Argentina and several other nations with varied figures.
A fragmented OCR entry lists mining and mortgage terms including Coal Little War Creek McDowell Arma and Welch Arma. It notes monetary figures like 130.00 and 100.00 in a mining and financial transaction context with sanitary and institutional references.
New York markets list poultry items with varied prices for dressed, fresh, frozen, and live birds. Entries show irregular chickens fowls roosters turkeys with price figures and notes on freshness and freezing.
Butter in Chicago on June 25 shows grades above eight with several scores ranging from 87 to 93. Central markets remain steady with prices unchanged, listing scores from 88 to 90 and percentages around 39 to 43. Bluefield records a 90 score at 49.
Seaport Toledo market notes show Wheat cash No 2 red at 1.74 to 1.75 a bushel. Corn cash No 2 yellow 1.08 to 1.09, No 3 yellow 1.07, No 2 White 16 to 78 cents. Seed oats cash 1.40. Domestic seed futures: Cash 17.50 Oct 18.35 Dec 18.30. Imported Nash 14.00. Alsuke cash 16.60 Aug 16.25 Oct 16.25. Timothy cash 2.30 Dec 2.80.
In New York on June 25 mills sold substantial quantities of print cloths and sheetings with advancing quotations. Calcutta cables show burlaps higher by two to four pence. Raw silk fell ten yen at Yokohama while local prices remained firmer. Camel-sports coatings are selling well.
In Chicago on June 25, wheat values fell 1 to 1 1/2 cents as harvest movement increases in the southwest while export demand remains weak. Weather in the northwest favored selling from that region and European connections. corn edged up to 1 1/2 cents, oats varied, and provisions held steady to up slightly.
A stream of jumbled terms and partial phrases appears, mixing topics from preservation and legumes to animals, verbs and tools. The text seems to be a garbled dictionary-like snippet with many unreadable segments and obscure references.
Auction notices list bids from Co B Hancock Bluefield West Virginia near First National Bank Building for coal and coke firms. Names like Askea Bid Kmaracy Suchetens Coal and Cemetery are shown with bids around 112.50 and 166.00, mentioning Majestic Collieries and Sycamore Collieries in the Smokeless Coal trades.
New York June 25 There were no sales in the raw sugar market today. The market showed more activity in trends with a close 3 points lower to 1 point net as July 2.40 Sept 2.55 Dee 2.66 Jan 2.63 March 2.70. Several refiners announced reductions in fine granulated by 20 points to 5.80 tomorrow.
Baltimore livestock market reports cattle receipts with steers ranging from 9.55 to 15.00 for various grades. Heifers and feeders show price spread from 6.25 to 12.00 while cows fetch 7.25 to 9.75. Sheep and lambs receipts total 2,000.
Notice of trustee sale based on a Deed of Trust dated February 1981 from Frank Cos to A B Thompson to secure Joseph Amerushia. The property lies near Park Ave and Norfolk Western Railroad in Mineral County and will be sold at public auction at the front door of the Law Commerce Building Minefield W Va on the specified July date at 1 o clock A M.
Spring lambs listed at 11.00 to 16.50 with some choice at 16.75. Hogs receipts 2,000 with lights 10.70 heavies 11.40 to 11.55, mediums 11.45, roughs 6.75 to 9.50, light pigs 9.25, pigs 9.80. Calves receipts 600 with calves priced 5.00 to 15.00.
Elinor Glyn's final film opens at Granada theater for a two day run featuring Sally O Neill as a young flapper who marries a rich man after getting him drunk. The wedding triggers disownment by his father and the couple move in with a charming rogue. O Neill delivers a notable performance in this picture.
Maryland delegates to the Democratic national convention named Howard Bruce as national committeeman and Mrs Elizabeth Menefee as national committeewoman. The vote occurred June 25 and the selections align with party leadership appointments.
Receipts 50 000 hogs with market mixed weaker to steady. Top hog paid 31.15 for 211 lb. cattle receipts 18 000 with active trading and firm to higher prices. Slaughter steers 1300–1500 lb mostly 12.50–14.00. heifers 850 lb around 14.75. cows 7.25–11.75. vealers 11.50–14.00. Continuous trading highlights a busy livestock market day.
Receipts 12,000 sheep with fat lambs active and firm to higher. Demand strong. feeders scarce. Skimmed fragments show good and choice lambs around 15.75 per cwt with culls near 14.25. Medium and common grades referenced. figures jumbled and inconsistent.
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