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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 26, 1932
Page
17
Market weakness appeared with little incentive as trading day shortened. The bear market lingered with muted demand, while some stocks touched intraday lows before recovering slightly. The composite of 90 leading stocks slid a fractional amount, with turnover around 910,408 shares.
New York June 1 The bond market wandered through ups and downs and ended near yesterday's level. Total par value traded about 94.49 million. Corporate bonds varied with little net change while industrials and rails showed modest gains. Foreign obligations were dull and mixed, and U.S. government bonds held firm or rose slightly.
Live stock figures from Pittsburgh show cattle and calves at varied weights with prices from 3.06 to 7.00 per hundredweight. Beef cows and cutters ranged 1.25 to 4.00, sheep bid 3.00 to 7.80, and yearlings and hogs listed across multiple weight classes with quoted values throughout the day.
A garbled report notes shifts in trade trends among manufacturers with national area demand down about 10 percent. It cites output figures around 142,504,208 feet and percent changes, mentioning a week’s tapering and a broader decline in industrial activity.
New York June 25 The cash market today marked the dullest day in years with about 30 000 shares traded and prices generally slipping. A few thinly traded issues moved sharply while others held steady as overall activity remained lethargic.
New York Stock Exchange interims report taxable transfers of bonds from foreign corporations under federal rules. Carnegie Steel plans stock reorganization changing preferred to common stock with $1 par value. Youngstown district operations run at about 30 percent capacity and may stay steady. Closely watched week-end rates expected to ease. By today, around 50 members had signed petitions to close the New York Stock Exchange on Saturday, July 2.
The Associated Press reports steady demand for British pounds and other currencies against the dollar on June 2. Notes show nominal rates for Belgium, Germany, Holland, Sweden, Denmark, Switzerland, Portugal, Greece, Poland, Czechoslovakia, Yugoslavia, Argentina, Turkey, Mexico City, and Shanghai, with Singapore and Tokyo markets also referenced.
River dispatch reports the Shenango workboat, 40 by 8 by 2.8 feet with an 85 horsepower gasoline engine, built by Wauhville Bridge Co of Nashville Tenn, en route to US engineers yards at Monessen for light construction on the three rivers. Federal engineers plan an auxiliary Ohio river channel outside the cofferdam to aid Montgomery rocks work, about 250 feet long with a 10 foot deph, extending the cutter to roughly 1,500 feet. The Queen City arrived from Cincinnati and the Liberty is set to depart Charleston.
In San Antonio on June 26, J K Beretta urged a sinking fund for public action treasuries as the school board asked for a 550000 loan to pay teachers. He said common sense and finance support setting aside annual sums could, over six to ten years, run the system for a year and remove the need to borrow from banks on uncertain tax receipts.
In Pennsburg a prep school seeks highly gifted boys with IQ above 130 or outstanding talent in multiple fields. The search targets precocious youngsters who can excel academically and beyond.
Dr. Webster Stover heads a program at a prep school offering informal instruction titled Orientation of the Modern World. The environment promotes mental development through study and living together under the headmaster’s guidance.
Madrid reports a 13 percent rise in telephones in use since 2691, reaching one line per 73 inhabitants. By end of March total telephones were 246,248, up 26,685 from March 31, 1931, while New York saw a decline at the same period.
Fragmented weather forecast for multiple states describes cloudy periods with possible local thundershowers and showers. Mentions Ohio Pennsylvania West Virginia with Sunday Monday changes in temperature and precipitation, but OCR errors obscure details.
In Wichita Kansas a divorce judge ruled that Mrs John McIntire could not confiscate most of her husband clothing while divorce proceedings continue. The decision requires McIntire to return his garments. Also noted is a planned city tax on chain stores expected to raise over 109000 yearly. A Wilmington Delaware report mentions Plan endorsing aid to unemployed to farm with state funds for seeds and equipment.
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