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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 29, 1937
Page
13
New York trading closed fractionally lower as rail industry weakness and ongoing strike activity weighed on sentiment. Bonds showed volatility while wheat and corn rose on options activity, with several blue chip names slipping on cautious investor mood.
A 1937 report discusses Canadian and North American grain prospects with estimates around 130,003,000 bushels, noting expectations for market behavior as weather and supply factors influence prices. The tone reflects cautious outlook amid fluctuating provisions.
The Associated Press market summary reports mixed oil and commodity action with varied stock movements today. Prices for oil and related products showed shifts as traders weighed June demand signals and refinery outputs, while notes on futures and spot markets indicate modest gains in some sectors and declines in others.
Persistent selling swept most of the curb market to lower levels today in New York. Uneasiness over the foreign situation and a falling list on the big board unsettled traders. Stocks slipped with heavier volume, Pittsburgh Plate Glass edged down to 122 1 2, Creole Petroleum and Gulf Oil fell, Pantepec Oil at 7 1 2, utilities weaker with American Gas & Electric and United Gas among fractional losers.
The column lists cattle and sheep prices, market movement, and fare ranges across regions. It notes mostly grain and feed trends, with cattle and hogs showing varied prices. Several price points for fat cattle, veal, and sheep are given along with region references and monthly estimates.
New York markets show mixed activity with rails extending declines and industrial shares wavering. Foreign exchange steady with sterling easing while cotton remains quiet on good weather. Coffee- Easter demand weak and Brazilian cables show uncertainty.
Fragmentary OCR text references U. S. Pittsburgh demand, Virginia, poultry items including hens and cream, tea and drama items, and a dress or remand note. Names, dates, or concrete places are unclear. readable terms suggest a midwestern or eastern market listing with poultry and dairy products and additional goods.
Foreign exchange activity in New York shows subdued demand and slim gains amid steady but uneven prices. Traders note mixed signals from European markets with limited movement in futures as outside offices close early and dull trading persists.
An OCR fragment outlines poultry items including fowls ducks chickens and roosters with prices and weights. It lists categories such as fancy stock, standard stock, and various terms like Transparents and Kentucky Trapsperentas, with figures scattered, showing market quotes and totals from recent days.
In Cawood near Harlan Kentucky George D Pickard 23 a miner was shot four times and died after an argument. Clarence Young 25 also a miner was arrested on a murder charge, according to Chief Deputy Sheriff Lee Ward.
In Pineville Judge D M Easley ruled the $3 300 verdict against Black Eagle Coal was excessive for Elvira Kelly who sought 10 000 after claiming pneumonia following eviction from Corrine home. The case will be retried.
City council deferred action on a proposed traffic ordinance until July 8 due to divergent views among businessmen and professionals. Mayor Boone Dawson said revised sections may remove parking in the business district at times and ban some morning and evening parking. Public affairs committee favored eliminating double parking while seeking street widenings and rerouting options. no vote was taken.
Paris Premier Chautemps orders indefinite closure of the Paris Bourse and Commercial Exchange to tackle a mounting financial crisis. A debt holiday is proclaimed with payments in gold or foreign currencies deferred. He plans to address the Chamber of Deputies amid calls for stronger powers to stabilize France’s economy.
Radio highlights list performances by stations with varied acts and ensembles. Mentions Webster to Lorain and several named programs, orchestras, and times including 2.07 and 3.00 notes. Dairy Market prices and butter fat figures are included for June.
New York June 28 Bond holders pressed concessions in one of the heaviest selling sprees in months as railroad operations results influenced trading. The Associated Press average for 20 rail loans fell six tenths to 11.3, the lowest since May 2 1936 when 11.2 was set. Central 434s dropped 3% to 8 3 4, Baltimore and Ohio 4345 slipped to 3 to 68, and Southern Pacific 44s declined 2 3 4 to 6 6 1/2.
The fragment notes a historical price trend for staples and associates, mentioning years around 1938 and 2001 with numeric figures that likely denote prices or indices. The readable content hints at a record of price changes over time, but details are sparse and many words are garbled.
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