Markets jump as grain division leads stock gains
New York markets rose with heavy activity in grains and cotton. Wheat touched 99 14 cents while cotton climbed to 4.25 a bale. stocks in farm implements, mail order and wet divisions led gains. Major names like Case, International Harvester, Sears Roebuck, Montgomery Ward and Du Pont posted advances. Total sales 4,548,549 shares.
MENTIONED IN THIS ARTICLE
New York
Case
International Harvester
Sears Roebuck
Montgomery Ward
Allied
du Pont
National Distillers
Chicago
Standard
U. S
Bethlehem Steels
American Can
Westinghouse
National Biscuit
American Tobacco
Union Carbide
Freight car loadings rise as rail demand boosts bonds market
New York June 26 reports further improvement in freight car loadings and booming commodity prices lifting investor sentiment. Officials note seven new 1933 railroad bonds contributing to total sales of 13 518 000 amid renewed market enthusiasm.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange Quotations Note
Furnished by Bryan Kemp and Company. Telephone 1800 Bluefield West Virginia. Includes New York Stock Exchange New York Cotton Exchange and New York Curb Exchange Associate Chicago Board of Trade Richmond Stock Exchange details.
MENTIONED IN THIS ARTICLE
N. Y. Stock Exchange
Bryan, Kemp and Company
New York Stock Exchange
New York Cotton Exchange
New York Curb Exchange
Chicago Board of Trade
Richmond Stock Exchange
Market gains on low priced favorites set 1933 high
Secondary bonds today posted gains of 1 to 3 or more points as several low priced favorites advanced. Trading volume reached $13,518,090 par value while the average for 60 domestic corporate loans rose three tenths to 78.2, another fresh 1933 high.
Foreign Exchange Rates and Demands Across Markets
June 26 report shows cross border rates with Great Britain at 4.24 percent for demand and cables, France 4.884, Italy 6.54, Belgium 17.85, Germany 29.50, Holland 49.00, Norway 21.25, Sweden 21.75, Denmark 18.85, Switzerland 23.95, Spain 10.39, Portugal 3.84, and other nations listed with n or mn markers. Tokyo 26.50, Shanghai 26.50, Hong Kong 29.56, Mexico City silver peso 27.75, Montreal in New York 90.50, New York in Montreal 119.50.
MENTIONED IN THIS ARTICLE
Adams Express
Shenseseses
Eastman Kodathans
Owens II Glass
Alaska Juneau Gold
Pac
Aes Coron
Erie
Foster Wheeler
Penney, J. C
Amer
Car
Fox Film “At
Penn
RLR
Or. Ow, Eee 15% 16% Freeport Texas Whee 37% 86% 37% Ple’s G., L. and
REM Fo
Phillips Pet
Pillsbury Fiour
Practor
Aga
Smeltin Rolling Mills
Foods Ee Eee
Gen Motors Ste
Ee Eeeee
Anaconda Corp, A
Pede Teeree Ee
Republic Steel Metals Se Eee
Armour “Ar Ee
Goodyeer Tire
Reynolds
Armour
Royal Dutch
F. Ry
Hudson Motors
St. Joseph
Hupp Moectors
Eaee
Seaboard Air
Aly Int. Bus
Menod Os
Aviation Corps
Int Harvester Sane MN
Baldwin Loco
Eeseere
International Shoe
Calif. Edison
Ty Barnsdal
Tel
Telany
Bendix Aviation
Eee
Inland Steel Oneal Ae
Pacific
Jonas-Manville Wane
Bethlehem Steel
Kelvinator Ceannee Tee
OW Borden and Co. Wee
Kennecott Copper
Brooklyn Man. Trans
Kresgeatten
Standard
Brooklyn-Union Gas
Kreger Groe Seeee
Standard OU N. J
Briggs Mfg
Lambert Co
Seeeee
Stewart Warner
Ty Nee Eens
Lehman Corp. Ee
Stone and Webster
Lowe's Inc
Cerro de Pasco
Transameric Corp
The
Chesapeake Corpn
Ms L
Underwood Filiott
Flee
Union Carbide
Union Pacific
Kago Northwestern
McKeesport Tin
United Aircraft
Aoe
B. Fe
McKesson and
Rob
United Carbon Scenee
Chrysler
United Gag
Pet
Alchol Be
Elec
Montgomery Wa
Mullens Mfg
Steel
Congoleum
Nash Motors
Vanadium Steel
Nat Biscuit
Warren Bros Eee
Continental Can
Nat Cash Register
Warner Bros Aeeenwee
Continental Ins
Seer OR
Wesson
Nat Distillers
Maryland
Nat Pow and Ltd
Western Union As
Corwn Cork
Nat Steel See Ag
Westinghouse Airbrake
Curtiss-Wright
Y Central
Westinghouse See
Peeresebene
Woolworth
North Amer
Worthington
Drug. Inc
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Czechoslovakia
Jugvslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Hongkong
Mexico City
Montreal
Curb Market Rises on Wheat Sweep and Major Gains
The curb market followed the stock exchange higher with closing quotes near day’s best. Deere and Company rose over five points amid a broad wheat price surge. Aluminum Company of America gained 5 points and Hazel Atlas Glass posted a similar advance. Oils, metals shares led by Electric Bond and Share and Commonwealth Edison. Columbia Gas and Electric preferred up over eight points. About 661000 shares changed hands versus 493000 a week ago.
MENTIONED IN THIS ARTICLE
New York
Deere and Company
Aluminum Company of America
Hazel Atlas Glass
Commonwealth Edison
Columbia Gas and Electric Preferred
Government bonds steady as failures shrink in weekly report
U S government bonds closed firm with varied yields including Liberty 3% and Treasury 4% issues. Dun and Bradstreet reports 373 business failures last week, the lowest since October 1929, with defaults at 96 for the prior week and 401 a year ago, noting a seasonal drop plus an ongoing downward trend in insolvencies.
MENTIONED IN THIS ARTICLE
United
Dun and Bradstreet, Inc
Railroads largely meet 1933 bond maturities on refinancing
New York June 26 Most railroads that undertook refinancing to meet 1933 bond maturities have been successful in implementing their plans. Industry observers say the brighter bond market will aid remaining refinancing operations and backing carrier bonds as rates rise.
MENTIONED IN THIS ARTICLE
New York
Treasury Receipts and Expenditures for June 23
Treasury receipts for June 23 totaled 5,988,193.34 with expenditures of 16,621,122.76 and a balance of 984,636,983.33. Customs duties for twenty three days of June rose to 17,272,918.44.
MENTIONED IN THIS ARTICLE
Washington
Treasury
New York Call Money and Time Loans Steady
New York money markets hold steady with call money at 1 percent all day. Time loans show 60 days at 1 percent, 3-4 months at 1 percent, 5-6 months at 1 percent. Prime commercial paper at 1 percent. Bankers acceptances unchanged with 30 days at 4 percent, 60-90 days at 4 percent, 4 months at 4 percent, and 5-6 months at 1 percent.
MENTIONED IN THIS ARTICLE
New York
Bankere
Butter market report with mixed scores and carrots noted
A Chicago market summary lists butter scores around 92 with several variations and a Central carrot rating of 90 or 89. The brief references multiple scores and percentages, indicating fluctuating quality readings for dairy and produce.
Market report for fruits vegetables eggs and dairy in Pittsburgh
Pittsburgh market news from June 26 shows moderate vegetable demand with apples priced by region, potatoes slightly weaker with Cobblers in North Carolina and Virginia stocks, Green Mountains milk stock and 24 percent score butter categories, eggs mixed by origin, cheese from New York at full cream mild and sharp levels, poultry unchanged.
MENTIONED IN THIS ARTICLE
Pittsburgh
U. S
New York
Illinois
North Carolina
Virginia
Maine
Green Mountains
Ohio
West Virginia
Kentucky
Dry Goods Markets Signal Broad Demand in New York
Cotton cloth prices rose to new highs while print cloths and rayon cloths showed strong demand. Fine cotton goods held steady as burlap and wool goods remained steady or brisk. Silk values were high.
MENTIONED IN THIS ARTICLE
New York
Raw sugar market steady as futures limit advances mute
New York on June 26 raw sugar showed no reported sales and prices steady at 3.40. Futures firmness kept offerings firm with no deals below 3.59, market closed near best with small gains of 3 to 6 points. total sales 44,000 tons.
MENTIONED IN THIS ARTICLE
New York
Grain Prices Reported for Toledo Market
Grain on track with a 28 percent basis. Wheat No 2 red quoted 87 88 and No 1 red 88 89. Corn No 2 yellow 151 half, No 3 yellow 49 44 half. Oats No 2 white 42 44, No 3 white 42 43.
MENTIONED IN THIS ARTICLE
Toledo
Chicago Grain Rally Fueled by Unmatched Crop Shortage
Chicago on June 26 reports a nation-wide crop shortage unseen in five decades sparking buying as wheat rose about 7 percent toward a near one dollar per bushel mark. Trading reached an estimated 150 million bushels, a record for Chicago even in wartime. May delivery wheat, quoted today for the first time this season, changed hands at an unspecified price.
MENTIONED IN THIS ARTICLE
Chicago
Wheat Prices Rally Amid Drought and High Demand
Wheat and other grains surged in the Fort Worth market as a three week drought and heat peaked. Prices closed at top levels with gains of about 6 to 7 cents for wheat and sharp advances for corn and oats, while provisions rose.
MENTIONED IN THIS ARTICLE
Fort Worth
Texas
Chicago Livestock Markets Report June 26
Chicago livestock prices show overall declines with feedlots slow. Cattle numbers 17,000 and calves 1,500 amid weak to lower trend. hogs 40,000 with prices down to 4.25 for heavy weights, and sheep 12,000 lower with under 70 lb lambs sold to packers.
Pittsburgh Livestock Market Report June 26
Pittsburgh livestock totals show hogs at 3,600 with varied weights trading mostly steady to firm. Hogs light 130-160 lb fetch 3.75 to 4.35, light 160-290 lb 4.25 to 4.75, medium 200-250 lb 4.60 to 4.75, heavy 250-350 lb 4.40 to 4.65. Cattle about 500 head, steady to 26 lower. steers 900-1,300 lb 5.60 to 6.50, common 4.25 to 5.60. heifers 550-750 lb 5.00 to 5.50, common 3.60 to 3.75. Calves 550 strong to 25 higher. vealers 4.75 to 5.75, common 2.50 to 4.75. Sheep 1,500, about steady. lambs 90 lb down, good and choice 7.00 to 7.40, common and medium 4.65 to 7.00.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept
Pittsburgh
Lancaster Livestock Market Report June 26
Lancaster Pennsylvania cattle sale shows 1129 head with slow to steady demand. Beef cattle steady to 4.00 6.00 per hundredweight range. hogs 379 head slow to steady 4.75 5.90. sheep 293 steady to strong with choice lambs 8.25 and local lambs 7.25.
Market Report Baltimore Livestock Prices June Sale
Cattle on offer 200 with dull trading. Bulls good to choice 3.25 3.59. Steers 5.75 6.00. 2.25 75 for medium to good. Cows 3.25 50 to 2.75 3.25. Heifers 5.00 25 to 4.50 5.00. Sheep and lambs 2,200 steady. lambs 7.75 8.25. Hogs 2,200 lower. lights 4.40 75. 4.75 65.15 for medium to good. Pigs 3.75 4.20. Calves 309 steady. good to choice 5.00 50. common to medium 3.00 4.50.
MENTIONED IN THIS ARTICLE
Baltimore
Jersey City Livestock Market Report June 26
Cattle offerings total 1,490 with 1,220 direct sales. Lower grade cows 1.25 to 2.50, fed cows to 3.75. Weaners and calves 4,360 with 2,570 direct, prices steady to 50 higher, top 7.50 for good to choice. Sheep and lambs 23,426 with 12,870 direct, mostly steady to weak. Hogs 4,780 direct. market nominal.
MENTIONED IN THIS ARTICLE
Jersey City
New York Poultry Market Report of Prices and Standards
A June 26 market update lists New York poultry prices and standards for eggs live poultry and packing stock. It covers mixed color eggs firm standards and various grades, distributions between nearby and midwestern markets, and freight and express rates for broilers turkeys ducks and roosters with current pack make No 1 and No 2 prices.
MENTIONED IN THIS ARTICLE
New York
Maybeury Sutorback Notes Auxiliary Plans Teas
The Maybeury-Switchback area auxiliary met on the lawn of Mrs I T Peters with circle No 3 led by Mrs J H Miller. They decided on a series of silver teas the first to be held next Wednesday evening at Mrs J T Peters home. Roanoke death summons call King's family travels noted.
MENTIONED IN THIS ARTICLE
Maybeury-Switchback
W. Va
I. T. Peters
Circle No. 3
J. H. Miller
J. T. Peters
Local residents and visitors noted in social column
Mike Shoda of Widemouth and families from Keystone Powhatan and Ivanhoe visit and host over the weekend. Spencers host Allan Ryan of Putnam and Mrs Hawks. Joti on, Spencer and others travel to Honaker and Bluefield. Junior Gilmore, Walter Shepard Jr. Many illness and health updates follow including Nancy Jones, Anna McCreary party, Saloma born June 21, and Alice Painter visiting Bramwell relatives.
MENTIONED IN THIS ARTICLE
Mike Shoda
Widemouth
Joe Lacina
Keystone
Katie
Joe Sevilla
Powhatan
F. C. Ratcliffe
Ivanhoe
C. H. Spencer
Frank Hundley
Alpha Hundley
Amonate
Allan Ryan
Putnam
B. V. Hawks
Bluefield
Honaker
E. B. Jotiagon
Bernard Cooke
J. H. Black
Little Junior Gilmore
Montcalm
Little Walter Shepard Jr
Nancy Jones
Col
James Ellwood Jones
Jones
Joyce
Mary Sue
Anna McCreary
W. C. Johnson
Margaret
Tom Sovia
Bluefield Sanitarium
Hazel King
W. H. Roope
Newbern
Washington, Bd. Co
Alice Painter
Bramwell
L. C. Nowlin
Trade Trends and Market Signals Across Several Sectors
May steel bookings were the lowest for any month as demand cooled while shipments rose slightly per the American Institute of Steel Construction. Boxboard mills run at capacity with prices still lifting, fine papers also seeing price gains. Boston wool receipts last week reached 9,532,506 pounds, year to date 87,694,306, up from 53,629,300 last year. U.S. motor vehicle property exceeds 4.5 billion dollars with over a billion dollars in annual taxes paid per the American Automobile Association.
MENTIONED IN THIS ARTICLE
American Institute of Steel Construction
Boston
United States
American Automobile Association
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Standard Statistics Co
R.r.iutty
Ind. R.R
High
C. B. Hancock Investments
Appalachian Electric Power Company
West Virginian Hotel
James B. Mann
Bluefield, W. VA
O. L. Alexander
Harry Bowen
H. R Hawthorne
Arthur J. MacBride
Bales R. L. Wallace
Pocahontas Fuel Company
U.S
Pocahontas
Tidewater
Great Lakes
Atlantic Coast
Lambert's Point
Sewell’s Point
Norfolk
Newport News
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Portland, Maine
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Bluefield W. Va
Cincinnati, Ohio
Chicago,c
Detroit
Mid
Moxey, Savon & Co, Ltd
London
England
Associa Street Square
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Rotterdam
Hollands
Frederick Gundersen
Bergen
E PINTO BASTO @ CO., LTD
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Wall Street Briefs
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Lancaster
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