Stocks Hit New Low on Exchange
A market roundup reports stocks hitting a fresh low on the exchange amid mixed demand signals. Analysts note weekly losses and a cautious recovery outlook as investors reassess sector momentum.
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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 02, 1934
Page
12
A market roundup reports stocks hitting a fresh low on the exchange amid mixed demand signals. Analysts note weekly losses and a cautious recovery outlook as investors reassess sector momentum.
In August 1931 Billy, a remarkably young balloonist, rose high above Cluve land Municipal stadium in a daring flight. Reporters and movie cameramen witnessed the stunt as he soared hundreds of feet high and about a thousand feet across.
Market listings show cattle hogs and sheep with varied weights and prices in Chicago and Toledo reports. Prices range widely for steers cows hogs and lambs with durable goods and packing stock noted amid mixed demand.
The Floral Clock at Water Works Park in Detroit has run for 40 years without winding. Designed by E. A. Scribner its keeper says the clock remains accurate, powered by a water wheel through a paddle mechanism. Only a city water supply failure would stop it.
A dull session saw most shares skidding fractionally to around a point with limited gains in the final hour. Day’s transfers totaled about 133,000 shares as Dow Jones listed names like Calambra Sugar and Humble Oil among movers while several industrials slipped on light volume.
Trade trends from Associated Areas note drought unaffected crops in certain markets while refinery stocks gain from heavy company purchases. Demand remains mixed with glass products and camping gear steady as liquor bar glassware shows activity, despite weaker demand for some items.
The Chicago Board of Trade informed today that eastern yellows will reduce rates on grade grain and grain by products from the Interchange to paints east of Buffalo and Pittsburgh, July 2 to June 30, 19g5. The move aims at lowering costs across several grain segments.
Global markets show declines with high grade bonds and stock indices dropping. Government bonds like German and Argentine issues slip while the U S Treasury notes trade in narrow ranges amid mixed economic signals and sector depressants.
The Associated Press notes fluctuating wheat values with declines noted in late trading. Prices for No 2 yellow and white wheat show mixed movement as market watchers cite downward pressure and varying futures.
Wall Street briefs note May 26 week ended with 7,107 units, 40 percent higher than the prior year. The Associated Press reports weekly electric output at 6,6912 kilowatt hours and gas output rising 29 percent to 327,083 cubic feet. New state and municipal debt issues were scheduled for next week, including $20,480,080 in Canadian and U.S. bonds. New York Federal Reserve imports and exports figures show varying commodity movements with Jamaica, Zoginod, and Chipmunk listed among trade partners.
Mixed poultry prices and grades move across retail and wholesale markets. White eggs and premiums vary by region with some shifts toward nearby and midwestern exchanges. Cotton and metal markets show uneven activity with modest gains in unfinished cotton goods and steady iron and tin pricing.
Kanawha county school bands assemble at Laide Tey flely after noon for the annual band festival. Dr Great Connell president of Gapltol College of Music at Columbus will act as advisor and direct the massed hands in a feature part of the program.
In Drenova Yugoslavia villagers, fed up with passport and civil registry hurdles for church rites, funded and erected a new church on their own hillside altar. The move ends months of bureaucratic delay and restores parish life for the Slovene community.
Radio listeners can expect a series of concerts and broadcast specials tonight featuring Drake University ensembles and national programs. The schedule lists WEAF NBC, WABC CBS, and NEC partners with a lineup including college glee clubs, inter-high school choirs, and orchestras from San Francisco to Detroit, ending with Vincent Lopes Orchestra.
The Pittsburgh market summary lists apples, potatoes, and other produce with price ranges from New York and Maine. It notes eggs poultry and cheese unchanged while also mentioning rubber, wool, and customs receipts in broader market context. A separate item from Budapest references Nandor Gorzo planning a family reunion tied to a new play about the Asiatic Warrior.
The column surveys sugar quota lobbying across the Tolret States and abroad, noting Puerto Rico, Hawaii, the Philippines, and Cuba as focal points. It highlights figures like Pat Harrigan challenging NRA benefits, personnel changes in federal agencies, and political plans including Hiram Bingham and James W. Wadsworth.
Fifty two garden supervisors from Kanawha county plan a morning meeting at the court house to discuss garden problems. Speakers include J. R. Short, T. A Pettigrew, T. B. McGovren and W. I. Cook. About one hundred sprays and additional relief supplies have been shipped toward Charleston for the subsistence garden project.
C F Rathbone 67 longtime field deputy for the state tax commissioners office died at his Parkersburg home after six months of illness. He was active in Republican politics and served as a delegate to the presidential convention. Funeral services will be held at Elizabeth in Wirt county. Survived by his widow and three children.
Sealed bids will be received at the office of the Purchasing Director in Charleston West Virginia for Plymouth Ford and Chevrolet cars and coaches 1931 through 1938 models with standard equipment and delivery terms. Bids must meet factory delivery and tax terms and may be rejected in whole or part.
Preliminary work has begun for an electric power generating plant at Mammet dorm. Major Fred W Herman announces the Konayne Valley Power Co and Appalachian Power Co as principals. The contract goes to Botto and Ritchie Ravenswood though electrical equipment is excluded.
The painting The Shadow of the Grass will remain on view through Saturday at the Union Mission. Rev Fat B Withrow announced the extension. the piece has drawn millions of visitors across many countries in 43 years.
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