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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 02, 1937
Page
17
Persistent selling kept U.S. stock markets in retreat with widespread declines. Major averages drifted down toward session lows as investors weighed ongoing geopolitical tensions and mixed economic signals.
A chaotic feature mixes a travel route from New York to the Gulf of Mexico with a fake Heaven pass scam sold by racketeers. The piece mentions rivers like the Missouri and Mississippi, a Rocky Mountain tour, and dubious claims of admission at the gates of Heaven.
Fragmented OCR shows a busy transport timetable with trains and airlines listed. Times like 2:08 and 4:45 appear, along with station names and scattered city references. The legible items point to a daily departure pattern and schedule notices for services in the region.
The Associated Press reports erratic poultry prices and mixed demand in New York. Freight shipments show weak activity with varied color and breed notes including Leghorns and broilers. Brokers list mixed colors and grades, with regional Western and Northwestern markets highlighting fluctuating values and limited demand.
The Associated Press notes changes in currency demand today with the dollar leaning toward Britain and mixed moves in other major pairs. New York sources indicate demand for euros and yen fluctuating while commodity derivatives and travel payments across Belgium, Holland, and Hong Kong show shifting patterns.
The Associated Press reports grain and provisions rise amid European war fears with wheat futures up about 3 to 6 cents while corn and oats gain. supplies, clover seed and lard prices move in varied directions as markets close.
The bond market softened as wartime and labor strain dampened confidence. Corporate and industrial loans trended downward while governments showed tentative support, with declines across sectors including rail, steel, and power firms. Market activity reflected anticipation of restructurings and policy shifts following the broader conflict.
A protestant ad-like snippet promotes a college fund plan for children using small regular payments. It markets education advantages and requests action from readers to invest via Syndicate.
The Associated Press reports cattle, calves, sheep and hogs trading mainly steady to lower in Chicago. Cattle 150 steady, cows soft to 5.78, calves 10.00 to 18.80 with some 19.78 noted. Lambs and natives show varying strength, lambs 10.00 to 13.00, ewes 2.00 to 4.00, hogs mixed with lower bids on some weights. Overall activity uneven, buyers cautious amid general price softness.
Delegates at the Oysters Growers and Dealers association in North America hailed oysters as a stronger muscle builder than spinach, noting oysters contain iron and minerals. Other brief items report a distressed American schooner Princeton adrift near the Grand Banks, a boy in Massachusetts wishes Mickey Cochrane a quick recovery, German airship prospects after Hindenburg, and a cancer clinic possible in Chicago led by Sir Leathal Chela te and backed by American philanthropists.
Radio listings show NBC WEAF and WEAR schedules with Navy references, orchestral acts, news periods, and various programming notes. Notable mentions include Henry Winnow, Donald Allen, and Florence Bonge among ensemble lineups, with multiple stations such as WMAG and WARC listed for orchestral and news segments.
James Edward Roberts, manager on the third floor of J C Penney in Charleston, marks his birthday today. He has served two years in Charleston after leading Hecht Company in Washington and other Penney stores in Florence and Paducah. Born in Florence Alabama, he is a bachelor and reader with hobbies including tennis and swimming. He lives at 41 Summers Street and attends the Methodist church.
NEW YORK June 1 AP reports Brock s heavy leaders suffer a slow decline Bonds lower German Italy fan loans off Curb soft specialties oils Op Foreign exchange Mixed sterling and franc drop Cotton weaker lower cables beneficial rains Sugar lower poor spot demand 2 Coffees easy commission house liquidation
June 1 report shows wholesale price index for 38 commodities slipping. Raw sugar, refined sugar, and cream prices were listed with changes. stock values and futures figures appear amid a broad market overview from New York.
A garbled AP wire summary reports on produce prices and market activity from various regions. Mentions include California oleo barrels, Kentucky poultry figures, and Ohio fruit listings. Notices imply steady or declining items with generic market chatter and incomplete trader details.
The article notes liquidation actions at a curb market with Wave Swamps Securities, led by Lin Izowick in Neher industrials, highlighting Oils Herd ipuppery and Carrier Corp. activities. It mentions a sale of about 310,000 shares with 164,000 lent, under CODsarte terms, as of Friday.
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