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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 03, 1941
Page
13
Stocks in New York closed with mixed results as traders weighed gains and losses across major indexes. The day featured notable activity in AVL listed securities and varied performance among industrial and financial shares.
Wheat prices rose as the market mirrored producers approval of a government marketing plan with quotas. No. 2 yellow, white, and mixed wheats quoted at various levels. oats, timothy, clover prices listed. feed and screenings values noted. Toledo futures mentioned. pricing for hay and straw included in broad grain roundups.
Produce market report from Pittsburgh on June 2 lists demand moderate for apples and potatoes with varied prices. Butter and cheese quotes shown, including New York cream cheese and Dairy items, plus a dense list of company and brand names in the broader agricultural trade section.
New York poultry receipts show 40 294 with mixed sales of premium marks and standards. Washington reports generic balance details, expenditures, and debt figures. Boston notes wool inquiries were light with firm asking prices. Copper and other metals traded with spot prices steady and forward bids. various commodities and regional quotations are listed.
A quiet bond market session saw a few rising utilities steadying the market as gains and losses balanced. Total transactions hit 4,006,300 face value, with U.S. governments largely unchanged in over-the-counter dealings and new 2s of 36-58 closing at 1085-82 in their first official transfer.
The Canadian dollar closed three cents higher at 813 United Sister cents in New York trading on June 2. The report lists open market discounts and buying selling rates for Great Britain Europe Germany Switzerland Hong Kong and Shanghai, with spot cables noted.
Sugar futures closed higher with July at 2.50, September 7.54, January 2.54 in the New York market. Traders watched bid activity as contracts moved on the futures curve amid steady demand.
New York stocks held a steady tone with a modest overall gain as bear markets abroad weighed on sentiment. The Associated Press average rose fractionally to 39.7, helped by small advances in American Telephone Westinghouse and Chesapeake and Ohio while many leaders slipped.
Obituaries and funeral notices list numerous deaths and services across Spencer and nearby towns. Names include Naomi Alice Price Katherine W Fry Ivy Cromwell Edith Gunn George Hunter Mattie L Warner Martin E Riftt Celia H Davis Isaac Ray Riles James N Holmes Frances H Osborne Robert M Carter Raymond Beasley Charles Harmon Clark Harold Mulligan C C McClure and others with service times, burial sites, and assisting mortuaries noted.
New York stocks uneven as prices narrow. Bonds mixed with slight gains from Ralls. Foreign exchange steady. Canadian dollar rises. Cotton narrows with trade and New Orleans buying. Sugar irregular with firmer raw market and liquidation. Metals steady with steel operations higher.
The Coonskin Ridge airport project for Charleston advanced from the preliminary conference stage. Mayor Dawson announced after returning from Huntington with a city delegation. Albert Wessel of the Civil Aeronautics Board suggested minor changes to gain Washington approval, with sketches and surveys to be sent to Harrisburg for official review. WPA involvement is under consideration for next year’s agency program.
The Parent Teacher Association of Chamberlain School will meet at 7 30 p m today at the school. Teachers greet parents in classrooms until 8 p m A showing of The New Oregon Trail motion picture with special music follows and a report on the recent school safety patrol meeting at Washington.
Chicago hogs sold steady to 10 cents higher as 20,000 head moved, top 9.00 with 100 to 270 lb butchers 9.0 to 9.83, steers and heifers varied, fat cattle steady to firm, calves and sheep active but limited. Baltimore and Pittsburgh reports mirror brisk, uneven gains and steady prices across hogs, cattle, and lambs, receipts listed with totals and load counts.
A weekend soaking brought nearly three inches of rain across the state with about three-quarters inch since Saturday. Charleston area gardeners welcomed the moisture after a delayed spring. Fayete county reported White Oak creek flooding store areas while Bluefield recorded over an inch. Farmlands and forests, dry since Saturday night, received long overdue rain yesterday.
Three WPA workers, George E. Kalffen Charles E. Relgin and Albert H. Walker were killed when a training plane from Randolph Field San Antonio lost control near Abilene airport. Lieutenant A J Richards the pilot was slightly injured. Lieut W M Hendrix unhurt. The crash occurred while landing in light rain near a parked car used for shelter. Military authorities barred spectators and photographers from the scene.
Virginia Evelyn Gney, 23, of Charleston, Virginia Lee Burks, 40, of Ronnelly street, were involved as Miss Oney was wounded. Mrs Burks denied firing the shots that killed her husband, Shermin Burks, last November. Judge Jackson Savage presided as Pierce received 12 years for armed robbery and Jordan taxi driver theft. Don Edward Snyder drew 15 years for armed theft and five to 39 years for second degree murder of William Riddle. sentences to run concurrently.
New York June 2 Ins Harry L Hopkins director of the gigantic lease lead program declares Adolf Hitler wont win the war despite the Nazis building the most formidable system the world has ever seen He cites four essential facts against him: no real sea power losing air superiority cannot match allied economic resources and it would be contrary to American interests to allow gains to consolidate Hopkins recalls watching Britain under fire in London last winter noting bombing morale remains unbroken and that English speaking resolve to fight to the end is a key asset He says Atlantic lifeline must be protected by increased shipbuilding to over 4 000 000 tons a year and extended naval patrols He stresses the battle of the Atlantic is crucial to opening Britain’s lifelines and that democracies must mobilize vast resources rather than simply aid Britain He opposes the slogan aid to Britain insisting the real goal is to crush Nazi power everywhere
Franklin Harris Reeder of Charleston will receive a Master of Public Health at Johns Hawkins University commencement in Baltimore this morning. Shiras Morris Jarvis of Clarksburg will receive a Doctor of Medicine degree.
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