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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 27, 1939
Page
13
News from New York on June 26 reports the sharpest stock market drop in two weeks as international tension weighed on prices. Leaders fell by fractions to over two points at the worst, with industries bearing the largest declines though some mild recoveries appeared at the close.
New York June 26 Downdrift in bonds aided by rail and utility issues with Treasury issues mostly down by a fraction. Goodyear held firm on a 25 cent common dividend and several majors like General Motors and Westinghouse posted losses while Electric Bond & Share and American Gas & Electric lagged in the curb market. Trading eased with 4.83 million face value and 502 thousand shares moved, up from Friday.
New York June 26 AP markets report heavy trading with industrials retreating. Bonds and foreign loans decline while sugar strengthens on trade and speculative buying. Coffee soft with scattered liquidation. Wheat steady amid harvest delays. Corn firm. Cattle steady to 25 lower. Hogs steady to 10 higher with top at 7.20 per hundredweight.
June 26 Toledo grain notes show prices for Wheat No 1 red 70-71 cents, Corn No 2 yellow 49 1/4-59 cents, No 3 yellow 48 1/2 cents, No 2 white 32 42-33 12 cents, No 3 white 20 14-32 42 cents. Beans No 2 yellow 87 2-88 1/2. Oats and soybeans noted with annual adjustments. hay and straw prices listed for various cuts and types.
New York eggs quoted at 19 315 steady with mixed color grades from fancy to extra fancy and standards to dirties. Whites, browns and duck eggs show varied premiums and exchanges with a range of price estimates across nearby, midwestern, Pacific coast markets.
Moderate demand noted for produce with apples weaker in new stock at 1.25 to 1.50 per bushel. Potatoes steady at 100 lb sacks 1.40 to 2.00 for cobblers and Bliss varieties, butter unsettled with varying scores, eggs steady, cheese unchanged, poultry steady.
Hogs 12 000 salable in Chicago with prices steady to higher. top 7.20. 180-250 lb 6.90-7.20. cattle 15 000 salable with feeders firm. steers 9.00-10.00, top yearlings 10.25. heifers 9.60. vealers around 10.00 down. sheep 1 500 salable with lambs 9.50-10.25 and ewes 2.00-3.25. Baltimore reports cattle 800 with steers 8.60-9.70, yearlings 10.25, hogs 800 mostly 10 higher, sows steady, sheep 1 700 with spring lambs 25-35 higher.
Domestic wools were largely inactive on the Boston market. Quotations for mixed three-eighths and quarter blood bright fleece wools from country points showed firmness at 29-30 cents per pound grease delivered east. Fine territory wools in original bags stood around 65-66 cents scoured for good French combing length, and 62-64 cents for average to short lengths.
Salable hogs listed at 500 with gains up to 7.50 for tops and 7.25 to 7.40 for good to choice. heavies at 6.00 to 6.50 and sows 4.55 to 5.25. Cattle salable at 650 with no long fed steers. high grades 9.50 to 10.00, heifers 5.00 to 9.25, cows 4.50 to 7.00, calves 700 with vealers 9.25 to 9.50. Sheep market 500 with steady tone. spring lambs 10.00 to 10.50, wethers 3.50 to 4.00, choice ewes 4.00.
Copper steady electrolytic spot at 10.00 50 export 10.03 tin steady spot 49.10 forward 49.00 lead steady New York 4.85 90 East St. Louis 4.70 zinc steady East St. Louis 4.50 pig iron No 2 FOB eastern Pennsylvania 22 Buffalo 21 Alabama 17 aluminum virgin 99 percent 20 antimony Chinese spot 14 quicksilver 90 92 platinum pure 35 Chinese wolframite duty paid 19 20
In New York on June 26 Santos coffee futures closed 4 to 6 points lower. Old Rio dipped 2 to 7 points while New Rio fell 3 to 5. Spot coffee stayed quiet amid the market activity.
Price advances of percent cent a yard on cotton goods were held. about 10,000,000 yards of sheetings changed hands Friday. Print cloths moved similarly. Rayon declined slightly but stayed firm. Silk dealers noted slow output pending price outlook. Woolen markets saw brisk demand for men’s summer wear. Burlap orders were limited to fill-in lots.
Butter market in Chicago showed unsettled prices with fresh 93 score at 23 2- on 92 23 and 91 2234. Centralized carrots reported 90 score 22 in house and 23 on track, 89 21 percent.
The S S Kresge company began 22800 improvements to their Capitol street store 209 213 with 7100 for alterations permit the remainder for a soda fountain fixtures and renovation Anna Beckner started 2000 alterations on the rear house 1560 Dixie street making a four family apartment W F Conway received a 500 garage permit on 22nd street and the Empire Savings and Loan company got a 2000 dwelling permit on Colwes street
Legionnaires auxiliary members and Sons of the Legion will gather at Mt. Hope for a two day district convention beginning with a parade at 3 30 p m E McK Hardesty seventh district commander announced.
The Associated Press notes a decline in the weighted wholesale price index of 35 commodities with a net drop of 0.66. Sugar futures for July rose to the highest level since trading began, closing up 62 to 9 points, with world sales totaling 12 200 tons and refined sugar firm at 4 45 4 50.
Cotton futures closed five points higher to two lower with July at 9.51 cents per pound and December at 8.56. October 8.75, January 8.45, March 8.37, May 8.30. Spot cotton nominal with middling at 9.91 cents.
Pittsburgh June 26 Oil prices for Pennsylvania grade traded across multiple pipelines and districts. Prices ranged from 1.02 to 2.00 per unit with different transit and pipe line companies listed. Market activity shows advances declines and total issues in the Associated press roundup.
Friends and neighbors of Rugby St and Charleston express thanks for flowers car rides and kindness after the death of sister Mrs Julia Adams. Mr and Mrs Clarence Gross and family extend appreciation.
Ford Madox Ford, 66, a leading figure in British, French and American letters, died in Deauville after a heart attack. He had arrived from the United States to his Honfleur home and had been ill for years, leaving behind more than 60 full length works and about 1,000 articles.
Chesley Bush of Livermore California told the National Tuberculosis Association on its 35th annual convention that politics blocks science. He said institutions struggle to hire competent medical workers due to political appointment insecurity and inadequate pay for institutional tuberculosis work.
Britain has seen a rise in legally consumed beer with higher official figures compared to the previous year. data show increased sales across pubs shops and licensed venues reflecting broader drinking trends and policy impacts.
Dorothy Helen Wills, 19, daughter of Mr. and Mrs. Ernest G. Wills of Dunbar, died yesterday after a long illness at home. The body was taken to Mays Mortuary for arrangements. She leaving behind the parents a grandmother Mrs. A M Thompson and a half brother Edward Rose.
Baltimore on June 26 saw about 30 000 Shriners arrive for the 65th annual national convention. Officials warn lodging, traffic and police needs as visitors march caper through the city. Delegations pledge support for three candidates for imperial outer guard with an eye toward the imperial potentate 12 years hence.
Senators Neely and Holt, both from West Virginia, split on a monetary powers amendment. Holt voted for the amendment to strip Roosevelt of monetary powers while Neely opposed it. A New York investment trusts summary follows.
Federal condemnation actions for land needed to build the Bluestone flood control dam near Hinton were paused as lawyers argued a motion to set aside notices. Judge McClintic asked for briefs from Ernest K. James and L R Via and took the matter under advisement in the Southern District.
Charleston West Virginia invites sealed bids for equipment and furnishings for the Municipal Auditorium. Bids due July 11 1939 at 10 00 A M E S T and opened in the City Hall Council Chamber. Bond or bid bond required with 5 percent security. Documents available from the City Manager or Consulting Engineer with deposits refundable to bidders returning sets in good condition. The city may reject any or all bids and award on best interests.
The Kanawha County Board of Education West Virginia invites sealed bids for Big Chimney Marmet Junior High Boyd Junior High Washington Elementary and Garnet High Schools due by 4 00 p m July 11 1939 at Thomas Jefferson Junior High Charleston. Bids read aloud with bonds required. Documents available for 3100 5 00 depending on school and refundable if returned in good condition within 30 days after bid opening. The board reserves right to reject any or all bids.
The Daughters of Penelope selected Miss Marie Zonoas of Washington as district governor and the Sons of Pericles chose Nicholas J. Anderson of Baltimore as district governor during the Ahepa convention sessions. District includes DC, Delaware, Virginia, NC, Maryland, and southern WV. three day meeting ends tomorrow.
A 1939 South Charleston ordinance authorized levying assessments on abutting property owners for Montrose Drive Lynn Street Glendale Avenue and Blaine Avenue improvements. H J Burtnett Town Engineer filed the required report listing abutting owners and frontage to be assessed for the total cost of the rock base and amiite surface paving project.
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