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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 28, 1924
Page
11
June 11 stock prices extended higher on broad strength as profit taking eased. Leaders included American Can and Studebaker with gains near yearly peaks, while several industries showed renewed demand and cautious optimism for the basic industries outlook.
Madrid reports the Spanish government signals readiness to make peace with Moora only if Moora accepts a protectorate. The move underscores a shift in diplomatic strategy as Spain aims to secure terms under a formal guardian status.
In New York on June 27 the bond market advanced amid buoyant stock markets and higher reinvestment demand. Long dormant issues surged 14 to 24 points with rails active, while government bonds hit record highs as surplus funds sought employment. Profit taking limited further gains and utilities also showed strength in trading.
Foninson New York reports varied foreign exchange demands with Britain at 4.32, France 6.28, Italy 4.32, Belgium 4.00, Germany par, Holland 37.56, Norway 33.81, Sweden 26.065, Denmark 16.57, Switzerland 17.24, Spain 13.44, Poland -18, Czecho Slovakia 2.95, Argentina 32.72, Brazil 1.00, Austria 41 percent, others noted.
Public notice concerning railroad bonds and debts. Notices to debtors list J. W. Wallace and administrators, with deadlines and locations in Charleston and Milwaukee. Also contractors invited to bid on the Kanawha County education project with plan access and deposit details.
Chicago and East Buffalo cattle and hog markets show steady to active trading on June 27. Cattle receipts around 4000 with feeders and yearlings in demand. hogs 28,000 with double digit gains on lighter weights. sheep and lambs active though steady to higher, with notable top prices for calves and lambs in multiple markets.
Grain and provisions trading shows sharp price moves as corn values smash season highs. July 1916 soy and wheat futures drift with mixed gains and declines alongside small shifts in oats lard and fibs amid active floor quotes from Chicago.
Miscellaneous bonds and notes are listed by Hardy Dang and associates from the New York Stock Exchange with call money trading steady. Rates show high 2, low 2, ruling at closing 3, loans offered at AM that loan 25, with various terms and credits. Mixed collateral notes and prime commercial paper are reported with percentages around 34 and 2 percent for different instruments.
Market summary notes steady cotton pod prices with small sales softer by about 4 percent for brown sheeting. Demand volumes nuanced with spot burlap and nearby shipments active. Raw silk remains freely traded this month as manufacturers adjust. Wool goods lines show no significant movement.
DUN'S REVIEW NEW YORK notes that price conditions remain a controlling factor across many trades. Wholesale and retail sectors show little urgency to push operations, with many industries awaiting developments. Despite some activity in dust week, most lines report irregular values and muted price movements as banks show steady clearings.
New York sugar market shows May filing as spot prices hold at 5.44, shipments at 5.40, with a 20,190 barrel Cuban sale to an operator for early July. Raw futures gain on firm pet market, shorts and commissions pushing prices up 4 to 11 points before broad realizing. Refining unaffected. butter and dairy prices mixed with cheese firm while milk prices hold. Three million homes planned to be built in London within a year per contractors.
U S Liberty bonds quoted by Hardy Dane Company in New York stock desks. Open and close prices shown for the day with standard market activity and turnover noted.
New York June 21 The grand jury refused to indict actor comedian Frank Tinney over an assault charge raised by Imogene Wilson a chorus girl. Wilson testified Tinney entered her apartment on May 28 and the case did not proceed to indictment after his appearance before the grand jury.
Foreign government bonds and Lisbon cabinet resignation are touched on in brief items. More than 150 negro doctors from across West Virginia attended a two day convention of the West Virginia Median Society of Negro Physicians, closing today in Charleston. The session featured professional notices and regional medical discourse.
In Elkins West Virginia Wadsworth of Glaritaburg was found guilty after a second trial in U S District Court. Judge W J Baker sentenced him to six months in Randolph County jail plus court costs. A prior trial ended with a hung jury as evidence was heard in the case of Robert Johnson charged with moonshine sale at a Clarksburg hotel.
Sioux Falls June 27 five indictments were returned by the special grand jury investigating allied banks of Minnehaha county State's Attorney Hugh Gamble announced today. Four persons are said to be named with more details expected later.
Chihua hua City Mexico June 27 General Manuel Chao revolutionary leader accused of wrecking passenger trains from Juarez to Mexico City was captured near Parral. Reports say he has been executed yesterday. Author leaves estate in Wallergan Illinois June 27 Mary Heard widow of Charles Hough inventories estate at 115857. Chicago police report a man sets wife on fire in drunken rage. she survives after dousing flames with oil.
A 1,000,000 strong Sentinel army is to be organized by backers of Senator Robert LaFollette of Wisconsin in Cleveland. The nonpartisan group aims to mobilize voters across highways to urge progressive balloting, regardless of creed or color, with a $2 per member fundraising goal to support the campaign. The effort accompanies the expected nomination at the Progressive conference July 4-6.
New York June 27 Joseph A Mendall identified as a Chicago alderman and district alternate to the Democratic convention was arrested with his brother in law William Cayne Neugh of Brooklyn in the Pennsylvania hotel lobby last night. Mendall was said to be carrying a valise with ten quarts of champagne and four quarts of whiskey. They posted $600 bail each.
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