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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 05, 1929
Page
16
Grain and provisions markets see steady activity in Kansas City with traders noting tight supplies and lingering demand. Prices for wheat and corn hold near recent highs as buyers seek shipment during late winter and early spring.
Rail and utility sectors show varied rates as Associated Press details routes for Chesapeake & Ohio Railway and related lines. Daily services to Washington Richmond Norfolk Clifton Forge and Cincinnati are noted with sleeper andTimes, including connections to Lexington Louisville Roanoke and Huntington.
The Associated Press reports a weaker bond market with sugar prices easing and futures slipping to the lowest levels since 1922. Trade saw about 150,000 Cuban bags, 16,000 Porto Rican bags, and 59,000 Cullen bags sold, while futures closed down across several contracts.
Bank Clearings and market notes show cattle calves steers heifers and cows with prices ranging from 12.25 to 16.60 per hundredweight and lambs at 16.50 to 19.80 with mixed grades. The report lists feeders stockers and ewes including various weights and qualities across multiple categories.
AP dispatch from Chicago on June 4 notes hogs totaling about 32 000 with 3 000 direct moves. Prices showed slower demand and lower bids with loads around 200 pounds fetching around 10.80. Slower trade and value ranges cited for lighter weights and turkeys at 10.05 to 10.60 per pound.
Investors piled into government and corporate bonds with notable gains in German obligations and American Telephone Convertible bonds leading the advance. The Philadelphia and Reading Coal and Iron issue lagged as the syndicate supporting the AK Rallis dissolved, while United States government bonds showed irregular activity in the early trading.
Market notes reveal mixed moves in poultry and butter with irregular brokers and express freight quotes for poultry products. Butter prices show steady to varied quotes with several grade scores and regional listing across Chicago and central markets.
Pittsburgh dairy and produce notes from the Department of Agriculture show demand slow across items. Cars and markets list onions, potatoes, corn and other staples with regional prices from Virginia to Michigan, including yellow and white onions and No. 1 and No. 2 potatoes.
New York led market reports show cotton textiles opening steady with slight strength in spot silk prices. Government bonds traded modestly as Treasury notes and Liberty bonds posted narrow moves. Toledo grain prices in early June list Wheat No 2 red at 1.22 to 1.26, Corn No 3 yellow around .824 to .89, with oats and barley near steady.
Pueblo Colo June 4 Wild Bill Bik of Boone may be guilty or not of violating the national prohibition law but county officials consider him an honest man. His bond was fixed at 2500. He was released but one bondsman failed to appear and Bik was at liberty without bond. He then boarded a tram to the county jail and planned to wait until bond could be raised, a move officials say sets a local precedent.
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