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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 01, 1931
Page
10
New York reports a summer recession in activity with May showing decreased gains across steel, building, and consumer sectors. Auto and textile sectors hold, but overall demand remains subdued as economists foresee gradual improvements contingent on crop prospects and steadier prices.
A terse notice outlines shifts in business rates and funding quieting measures. It notes the past week saw multiple actions affecting interest rates and financial terms within the current market, indicating ongoing adjustments by lenders and institutions.
The article details Treasury rate cuts, gold inflows, and rising loan demand via security collateral. It notes a stock market downturn, reduced industrial profits, and widespread bond and savings investments as investors seek safety amid shrinking margin and lending activity.
Jeremiah Curtin master linguist and antiquarian born in Greenfield near Milwaukee. He spoke 70 languages, studied on farm nights, and as secretary to the U S Legation in St Petersburgh translated Russian Polish and Czech works into English enhancing foreign literature. See Columbia January 1931 page 10.
The article examines the role of savings banks life insurance funds and private investors in driving demand for legal bonds, noting rising prices and shrinking yields. It contrasts industrial and banking shifts since the nineteenth century, explaining how an oversupply of money and self correction shape periods of financial stress and recovery. It also recalls a crime report of a former policeman turned burglar and a German gratitude incident, reflecting broader social anecdotes of the era.
New York May 31 Metal prices drifted with a seasonal demand decline. Pig iron stayed largely nominal while copper tax reductions spurred heavy domestic buying. Tin fell to the lowest since 1880 though demand remained quiet. zinc and antimony softened amid oversupply and weak demand expectations.
May 31 report notes high grade bonds steady while speculative issues fall amid market hysteria. Holiday effects and selling by timid holders influenced prices. National City Bank review urges calmer liquidation and warns about overreaction hurting bondholders and business. New issue flotations totalled 108.279 million versus 693.235 million prior week. Also reports 200 new UK theaters opened in 1936.
The Charleston Gazette advertises classified rates per link and daily submission hours. It warns against fraudulent ads, stresses truthful copy, and invites reports of nonconforming ads to maintain honesty standards within its classified advertising department.
New state and municipal bonding activity totals 51 171 315 for the week, with bids due in California and Wyoming. Alg bany water and improv bonds will be bid Wednesday. Milk and loom industries show April declines. silk and spinning sectors report cuts. A new 20 million federal debenture issue is announced. Bondholders form a protective committee after May 1 interest default at Federal Sugar Refining. Liggett and Myers posts a dividend and broader U S business activity rises. French mortgage banks expand to help farmers.
In Indiana Avenue a four room house with bath is for sale cash price 3860 with balance of 30 per month. Cap 4820. Venues and street names include South Hills new stone and wire home £151 Brige Avenue bail payment. Homes for Colored Richard Street Syger Bungalow 400 cash balance like rent. Third Avenue four room collage 100 cash balance like rent. Brexm Street two room house 500 cash balance like rent. Rugby Avenue East End con house 100 cash balance like rent Capito 1729-2.
Advertisements list multiple properties with terms for purchase or trade including a 12 room house with two baths and garages, a lake property as part payment, a 10 from brick home, a modern home with income potential, and several one to five room houses. Terms include cash deposits and monthly payments, with locations such as Cap, West Avenue, Columbian Boulevard, and near Edgewood.
An assorted historical property advertisement fragment lists houses and land for sale or rent in Charleston and nearby areas. It mentions brick bungalows and three room houses with garages, acreage up to three acres, and terms like cash payments, first installments, and partial utilities.
Classified ad fragment lists real estate offers near Charleston with acreage options, a six month Montgomery residence, a $200 down payment, and an 8 room house with electric utilities and oak features. Includes contact hints and partial street references.
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