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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 06, 1933
Page
11
The market regained its incline amid lingering doubt over Saturday's rally. Blue chips led gains while industrials and utilities showed mixed moves. Investors weighed merger rumors and pending deals as Wall Street closed with modest advances and cautious optimism.
A short Ripley cartoon caption notes that men who never labor nonetheless transport chairs as a symbol of nonconformist idleness. The phrase suggests humor about labor, planning, and perpetual readiness.
An obscure creature from South Africa nicknamed Haarekeereer is described as a sleeper hair shaver. Reportedly able to glide over heads and gently remove hair, it allegedly causes a blue phosphorescent glow on contact with objects. The item is presented as a curious marvel in a sensational style.
The Virginian shows The Story of Temple Drake with Miriam Hopkins and cast including Jack La Rue and William Gargan. Ches Davis Chicago Follies closes its local run. Also Lux ury Hime at Rialto and Peg On My Heart at Casual with Marion Davies and cast. Clyde Beatty in The Ble Cage at Greenbrier.
June 6 Point Pleasant receipts total 424 cattle hogs and sheep with bulls and calves. Hogs 4.80 to 5.00 heavies 5.00, sows 3.40 to 4.40. Cattle 3.55 to 5.55, cows 2.10 to 2.28, bulls 2.95 to 3.10. Lambs tops 7.00, seconds 6.10 to 6.50. Calves tops 5.76, seconds 4.75 to 6.20. Market steady to weak with various direct sales noted.
The bond market shows a quiet and irregular day with mixed action. Corporate loan averages edged up, hitting a new high for the year, while rail stocks largely stalled though transportation shares rose on specific industrial notices.
Trade trends show a significant uptick in rail and related buying in the Gent weeks. Paper and fine papers move in good volume, while furniture makers defer deliveries beyond July amid cost uncertainty. Wool receipts at Boxton Inst reached 6,108,300 pounds, with season totals near 48,130,100 pounds versus 32,730,100 last year.
Foreign exchange news shows steady rates with Great Britain at 4.00 percent demand and 3.99 percent for 69 day bills, France at 4.67, cables at 4.07, and Thailand around 5.16 to 6.15. Various currencies and markets are listed with mixed quotations and institutional references, reflecting a broad, unsettled global liquidity landscape.
Live cattle and hog price bids across Pittsburgh Baltimore and Jersey City show steady to firm trends. Cattle demand remains mixed with calves and heavy weights advancing modestly while hogs hold near recent ranges. prices vary by weight class and grade across the three markets.
Wall Street briefs note at the stockholders meeting the books are not encouraging with operating subsidiaries underperforming this year. Nickel Company of Canada declares a regular quarterly dividend of 1.75 per share on preferred stock, payable August. Rumor of an American company preparing a special tin container for the brewing industry.
The curb market moved forward with heavy trading as transfers neared 1,001,000 shares, down from 1,240,000 last Friday. Minor declines appeared in Deere and Hazel Atlas while Aluminum Co rose 61 points. Hiram Walker, American Cyanamid, and Glenn Alden Coal saw solid demand. Utilities gained fractions up to 2 points with Electric Bond Share and Niagara Hudson among others in demand.
New York reports dull to steady prices for dressed poultry with chickens at 16 to 26 cents, turkeys 12 to 21, ducks 12 to 13, and roosters 10 to 12. Live poultry weak with express shipments showing 30 to 40 percent decline. egg prices mostly unsettled, standards around 13 to 14, firsts 12 to 19, storage eggs 71 cents per dozen overall.
Pittsburgh market notes show steady produce with mixed prices for apples, potatoes, and berries as transportation and regional demand influence. Sugar futures and refined sugar prices edge lower or hold with fluctuating spot costs across New York and Boston markets.
Van A. Bittner of the United Mine Workers lauds President Roosevelt as a wartime leader and emancipator of the common people. He predicts passage of the industrial recovery act, calls for fair contracts with operators, and explains unionization aims to raise miners to a living standard and foster broader prosperity in mining communities.
A wax hand model of Ruth Geddy Andrews, a Charleston native linked to the state compensation department, is shown at a world’s fair in Ghionge as the first K ray picture model. Margaret Anderson and Dr Otto Ginsser selected her hand for the display. Andrews is the daughter of Mrs Waiter O. Reddy of Summerville and a Revolutionary War descendant, currently with the Cleve Luna clinic foundation.
SAN FRANCISCO June 5 UP Gus Behrens has sailed from San Francisco to Honolulu and back since February 1810 as a barber for Matson Steamship Co. This month he begins his second million miles aboard the new 6 million dollar liner the Matson Line placed in service last month. Behrens first served on the Matson Weer Wilhelmine in 1910 and later transferred to Maui before its retirement.
NEW YORK radio highlights cover Dr A Lawrence Lowell Harvard president retireing to give a broad talk at MIT graduation tomorrow at 10 15 am on WABC CBS Also Newton D Baker will address Bowthorpe College students at 2 pm Rainey of the houses will discuss Congress on WEAF NBC at 9 30 pm Afi Fschalkoeky program by the Barlow Symphony on WABC CBS at 9 45 pm
The Senate passed a broad home mortgage bill with major changes expanding eligibility to homes up to 25,000 value, adding a 6 percent interest on cash advances from the Home Owners’ Loan Corporation, and creating federal savings and loan associations. The bill authorizes a 3-year program with bonds and a 15-year repayment plan, backed by government support and tax-exempt bonds. Additional provisions cover mortgage exchange, 60 percent advance limits, moratorium, and investor protections.
Joseph Hott Gaines urged anti prohibition against the eighteenth amendment at Maiden and Logan rallys claiming federal revenue loss of 11 billion since prohibition. He cited enforcement costs 280 million and argued prohibition burdens states local officials and infringes citizens rights. Mrs Timberlake and others backed the anti pro campaign ahead of June 27 election.
The document records a market and trade update with scattered figures and quotations. It notes settlement of a dock strike, interest movements, and various price points such as 10,000 sales and multiple monthly quotations including December 7.88 and May 5.3. This fragmentary OCR provides a snapshot of commodities and rates from the period.
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