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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 14, 1930
Page
10
The stock market rallied today after further declines in commodity producers who had pressured prices. Gains were modest, with a little more than a point rise, while volume and trading eased into late morning. Traders remained cautious as the market tested resistance and a steadying pattern formed after earlier losses.
Fragmentary text mentions New York Stock Exchange and railway subjects with unidentified names and locations. No clear event or outcome is discernible from the legible portion.
Bank clearings in Charleston reported at 629464.68 with figures and mixed commodities data. Chicago market news shows hogs and cattle activity with price ranges and shifts, including hogs up to 16.30 and cattle with mixed quality offerings and yearling sheep movements.
New York June 13 Cotton goods markets remained quiet with softening raw cotton trends. Gray goods edged lower while fine gray goods were slow and rayon trading picked up. Lap markets held steady to firmer in lamps. A four hour weekly curtailment begins July 1 for six months with a complete shutdown during the year per trade cables. Raw silk shipments active under Japanese holders of a port.
Wall Street briefs from AP cover an uptick in commercial insolvencies to 489 for the week, with defaults under 5 000,000 dropping. U S coffee stocks on June 1 at 790 206 bags, May receipts 896 243 bags. Jerome Lewine reports a record long distance stock trade between Hamburg and Berlin in under 49 minutes. Life insurance new business for May totals 1 097 740 000, down 4.7 percent from last May. Caterpillar grants license to Caterpillar licensed track tractors, while Willis Overland hints at 3 000 workers in a Toledo plant. Universal Pipe and Radiator posts first quarter net of 116 02, vs loss last year. Fox film company earnings for 17 weeks end April 26 rise to 5 722 000 before interest and taxes.
Live stock quotations list calves, heifers, sows, cutters, and feeders with prices ranging from 6.08 to 10.80. Medium and good grades show swings as buyers adjust to demand. Readers see steady versus down movements and varied figures for calves and young stock.
Chicago notes unsettled grain amid drought worries as wheat slips toward two dollar per bushel. weakness broadens to corn and oats with ongoing declines in prices for cereals and commodities. Markets show limited rally attempts and overall downward pressure through closing bids.
The Associated Press reports New York foreign exchange shows benchmarks with France and Belgium demand figures and multiple European currencies listed. In Toledo on June 13 wheat No 2 red 4 08 to 4 10 and corn No 2 yellow around 4 55 to 30, oats No 2 white 4 95 to 5 5, barley No 2 6 4, with cash and futures quotes for wheat and oats specified.
Market news from New York reports Hawley Smoot tariff discussion lifting Cuban sugar duty and boosting raw sugar, with prices firming and futures advancing around 5 to 10 points. Meanwhile Chicago butter prices stayed steady with slight gains in specialty lines and store goods commanding a premium.
Real estate blurbs list several properties for fast sale near state capitol and Charleston areas. Entries mention 10 room plus sleeping porch homes, modern features, garages, low cash asks and no finance charges. Prices range from about 18 700 to 83 000 with contact numbers and evenings viewings.
The Associated Press reports in New York on June 1 and June 13 bond market activity with clearing house statements, balances, and weekly averages. It notes government, railroad, and foreign issues showing firmness, with calls for money and railroad securities in demand and values near yearly highs in places like Liberty issues and U.S. government bonds.
The Associated Press reports June 13 market for dressed poultry shows weedy quality with live master broilers listed. Freight and express rates vary for different items including ducks and eggs. Nearby henners and white feathered stock fetch notable quotes with steady egg prices.
Secretary of Interior Wilbur invited to address West Virginia education association meeting in Clarksburg in November. West Virginia Oil Marketers discuss all rates in the state. Former U S Senator M M Neely to speak at West Virginia Laundry Owners banquet. Lee Athaley elected president of Protestant Episcopal young people’s fellowship. Amphibian plane rants at Big river wharf on survey for daily passenger freight and express air service Pittsburgh to Cincinnati. Marion county doubts body in Decker’s Creek near Mason town is Nehemis Gonzales. Columbus C. Brown dies at 84. war veteran businessman. World: two electrocuted in Eddyville jail. British air force bombs Hajji of Durnngsat. Sult files $350,000 suit over tanker collision in New York. Mansfield reform school riot. Speed record holder Segrave killed in speed boat capsize. New Romanian caliber reported. Totten named minister to union of South Africa. Hawaii industry promotion begun in Honolulu.
A notice announces four special meetings of stockholders and preferred interest holders of the Williams Quinex Motor Company at the Ruffner Hotel in Charestan, Wo va, on Tuesday, duwn 13,830, at 2 P.M. The meeting aims to reorganize and elect a new board of directors.
Gazette clarifies classified ad classifications and editing rights. Advertising department hours are 8 am to 9 pm daily with Sunday copy due by 7 30 pm Saturday. Ads received between 8 am and 5 pm excluding Sunday appear the next day.
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