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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 14, 1924
Page
9
Market coverage notes demonstrations by Industrials with aggregate sales of 641,500 shares and rising prices across sectors. Rail shares show gains amid demand, while general market activity hints at a new peak price for some issues. International paper prices ease as Canadian money steadies. loans and foreign exchange move within narrow bands.
Fragmentary timetable notes routes to Washington New York Cincinnati and Huntington. Mentions daily and Sunday services between Richmond Charlottesville Cincinnati and Cloranmati with times and destinations garbled by OCR including deaths.
Kane County WV accepts bids until 10 a.m. June 16 1094 for the Campbell Creek Bridge near Dana. Specifications call for 16 ft roadway width and reinforced concrete work to WV specs. bidders must include a $600 certified check and obtain a one year defect bond. R N Moulton, Clerk.
Foreign excu lan terms show irregularities with quoted tenths and daily demands for cables and various currencies. The report lists prices from Britain to Sweden Denmark Switzerland Spain Poland Czechoslovakia and other markets, alongside New York and curb stock updates.
Financial notices from Hardy, Daan & Co show Liberty Bonds and Standard Oil stocks with figures. a court notice regards a forgery sentence. and Charleston West Virginia school district announces a building project bid inviting architects, with bid details, terms, and contact. Also a franchise notice for a Kanawha County electric company granting rights for 30 years and plan for new electric infrastructure.
June 13 New York markets show feverish activity with bonds surging to year highs. Government, railroad and industrial issues reach new peak prices for 1924 while five and six percent issues see broad gains. Progress in railroad consolidations boosts bonds of several lines as Belgian and French issues rally on political events.
D F Miller of Denver Colorado has been appointed trade commissioner in the department of commerce and will be stationed in Berlin Germany as the Germany trade commissioner.
The New river at Hinton showed a falling stage of 3.4 feet while Kanawha river slices dropped to 6.2 feet at Kanawha Falls and 8 feet at Charleston. Old river stages rose at Parkersburg and Point Pleasant, with Cincinnati noting 34.7 feet flame as the Hatfield Mary Jane and Catherine moved up the Kanawha yesterday and the Corel drifted downstream.
The recount of three precincts in Charleston County settled the republican race for constable. Initial tallies had Ben Malone 25935, Buck Lane 2899, and Emory Stone 2378. After three precincts were recounted Stone lost 14 votes, Malone gained 2, and Stone conceded the nomination to Malone and Lane as the fourth precinct was abandoned.
Miscellaneous bonds in New York on June 13 show call money easier with rates around 2. The report notes various rates and terms including 60-20 day, 4-6 month bills, and commercial paper at four percent, reflecting a cautious liquidity environment.
Grain and Provisions Chicago June 13 The heat in the southwest boosts wheat prices early but later profit taking pushes the market. Wheat closes nervy near narrow gains with July at 131¾ and September at 119¾ cents, unchanged to slightly up. Corn and oats hold near steady as provisions edge higher.
Live stock prices and trade notes from Chicago show steady to mixed demand. Cattle receipts around 4,000 head with lower grades dull, best matured steers at 10.452, yearlings near 10.50, bulk fed steers and yearlings 7.75, bulls steady to weak, packers paying around 9.00 to 14.00 for various classes. sheep receipts 12,000 with native spring lambs at 13.40 to 17.10, range of yearling weights 10.40 to 15.00, with bidders and holdovers noted at about 12,000.
The widow of Merle Crosby, killed in the Ben Wood mine explosion that claimed 117 lives, was awarded a $40 monthly Workers' Compensation allowance by the state. Separately, James Price of Conse is granted weekly compensation for 24 weeks after losing fingers in an accident at Globe Brick Co. in Liverpool. Market notes follow with commodity prices from New York and Toledo. A Russian public school system began under Alexander II around 1865.
Regional market notes from Pittsburgh and Chicago report milk and dairy products holding firm with modest advances. Wheats, meats, and eggs show varied movement across cities like New York and Chicago, while bank clearings in Charleston totalled 569,881.32.
June 13 Dun'y Joe Merrow Wilsae surveys business and commodity trends after elections, noting decreased demand in primary channels but steady retail trade. Market text reports cattle, calf, hog, sheep receipts and price ranges across heavy, light, and mixed lots, with overall slow to moderate activity and occasional price shifts.
The Virginian railway seeks I C C approval to pledge 4.5 million of 5 percent 60 year bonds and 1.5 million of 5 percent 50 year bonds of the Virginian and Western railway to secure payments to the National City Bank of New York for an advance.
The secretary of state issued a charter for the Charleston Dairy Company with 100000 authorized capital. Charleston incorporators include Sites and McCormack. Additional charters were granted for Huntington firms Bellemont Improvement and Peanut Apartment with 50000 each, and capital increases were approved for Star Producing Company and Lowenstein Realty. Decreases were authorized for Guyen Color and Chemical and Dorothy Fuel. Jarvis Coal filed for voluntary dissolution in Morgantown. Dublin reports Professor Timothy A. Smiddy named minister plenipotentiary for the Irish Free State in Washington per Dail Eireann.
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