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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Jun 15, 1940
Page
7
Stock market activity in New Castle shows gains as trading strengthens. Investors push forward, with buying interest lifting prices across key indices and leading to a positive session despite mixed early signals.
New York June 16 stock market advances with steel issues leading gains of 1 to over 3 points. U S Steel National and Bethlehem Steel among leaders while aviation and some sectors slip. department stores show 14 percent rise from a year ago. Market breadth shows mixed but overall strength as several big names push higher.
Furnished by May Micharan and Co Union Trust Building prices reflect averages at close for industries and companies including Rails AT S F Byers Co Amer Roll Mills Vesey Amer Steel Fey Assd Dry Goods Atlantic Big Amer Loco Amer Rad and Steel Allis Chalmers Allied Chem and Dye AUT Peg Kite Amer Smelt and Ref, Amer Foreign Power.
International News Service reports Pittsburgh livestock auctions. Salable cattle and hogs hold steady with varied classes from steers and cows to calves and hogs across weight ranges. Sheep and lambs show modest ranges. calves mix slow with better grades priced higher. The release notes a New Castle buy-in and mailing rate of five dollars a year.
Mrs. William McElwee of New Wilmington named president of the Mercer Presbyterial Women's Missionary Society at the 64th annual convention in New Wilmington U P Church. Mrs. Oscar T. Person, retiring president, led sessions. notable reports highlighted growth across several missionary departments. An afternoon address by Mrs. J G Campbell and a temperance talk closed the event. East Side excitement in New Castle followed with a trailer incident on Washington Street.
Senate finance committee approved a defense tax bill to raise about 1.007 billion dollars yearly by removing cigarette and tobacco tax increases and shifting burden to motion picture admissions. The measure includes the Byrd amendment directing Roosevelt to cut nondefense spending by ten percent and Townsend legislation ending the foreign silver purchase program.
John W. Nason, 35, named Swarthmore College president succeeding Dr Frank Aydelotte who resigned to head Princeton's Institute for Advanced Study. Nason, Rhodes scholar and St Paul native, has served since 1931 in philosophy and as Aydelotte's assistant.
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