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Charleston Gazette in Charleston, West Virginia

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Newspaper

Charleston Gazette

Location

Charleston, West Virginia, United States of America

Date

Jun 19, 1929

Page

12

New York Stocks Edge Higher on Utilities Rally

New York June 18 AP The stock market showed signs of leveling as mid year credit stringency loomed. Public utilities led with new highs as Morgan organization news boosted demand for utility firms. Despite gains in many issues trading closed with some irregularity and profits taking trimmed several advances.

New York London Morgan Intersate General Motors Corporation Lkely Graham-Paige General Motors Chrysler Studebaker Nore Auburn Furner Commonwealth Power Lago Oli Michigan Steel Montgomery-Ward National Diststers Murray Corporation Beark Roebuck F. G. Shattuck U. S. Industrial Alcohol Wright Aeronautical

Bank Clearings and Poultry Prices Reported

AP financial notes show June 18 bank clearings steady with slight decreases in some poultry categories. Live poultry and eggs largely unchanged. minor shifts in extra and first quality whites. Regional hennery products and forecasts indicate continued stability in supply and pricing.

Bond Market Averages Boosted by Convertible Issues

In New York on June 18 the bond market saw gains as two convertible issues, American Telephone 4s and International Telephone 4s, led a rise in prices. The International Telephone issue jumped to 131 1/2, aided by about 470 thousand par value in sales, while other convertibles posted modest gains amid a general upbeat sentiment. Government securities showed limited movement, with foreign bonds remaining dull.

Associated Press New York American Telephone International Telephone St Paul Adjustment S Pennsylvania General Baltimore && Ohio Columbia Gas & Electric &S New York Telephone Tennessee Electric Power North American Edison United States

Untitled fragment note on time and rates

Fragmentary text mentions taxi call, steady rates at 7 percent all day, a time frame of three days and 40 to 90 days, and references to conan and IAP. Names and full context are unclear due to damaged OCR.

Conan Eripe Cometer Joane Sailer

Packard Dominance in Historical Spring Sales Records

The record shows Packard ownership thriving with two thirds of Packard Eight business from former rivals. Nationwide data indicate 96 percent of Packard owners stay within the brand by replacing old Packards with new. Packard leads in eight-cylinder sales and delivery, driven by a loyal client base and single standard of quality. The Packard Payment Plus offers attractive terms with little or no cash outlay and favorable credit through a strong used-car allowance.

Packard Matsy

Also Mentioned on This Page

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