Financial Market Turmoil From Earthquake Fears Dampens Stocks
Market dropped as California and Montana quake fears spooked investors and call money rose to 6 percent. Trading was volatile with heavy selling in oil shares and names like American Can and U S Cast Iron Pipe, while margins and bank clearings offered limited support. The day ended weak despite some midday gains and optimism on regional trade.
MENTIONED IN THIS ARTICLE
New York
California
Montana
Sailes
Yellow Cab
General Motors
Southern Railway
Cali
Secific Coast
American Can
Havana Electric
United Fruit
General Electric
U. S. Cast Iron Pipe
Dupont
Dance Palace Tonight Speaks Of Evening Event
Local brief notes activity at the Dance Palace tonight with attendees and plans for a social gathering. Details are sparse but indicate a community event at a familiar venue.
Sharp Setbacks in Value of Wheat
Wheat prices fell sharply in early trade as favorable spring weather spurred selling and profit taking. July and September contracts slipped, with heavy declines after Kansas markets reported large arrivals. The market remained weak into the close despite favorable crop reports.
MENTIONED IN THIS ARTICLE
Chicago
Kansas
U. S
Livestock prices across Chicago Omaha and Ogden markets
Hog and cattle receipts steady to weak across Chicago and Omaha with mixed demand. Chicago reports large hog volumes with 150 to 175 pound pigs around 13.50 to 13.60 and heavy weights near 13.45 to 13.60. cattle run shows steer and yearling values mostly steady to firm, with feeders scarce. Ogden notes weak to tie lower hogs with 168 to 190 pound averages at 18.10 to 13.25 and light sows around 11.25 to 11.75. sheep market subdued with fat lambs 16.00 to 16.25 and ewes around 6.75 to 7.50.
MENTIONED IN THIS ARTICLE
Chicago
Idaho
Omaha
Ogden
Los Angeles
San Francisco
Denver
Dairy prices and receipts in New York market report
June 29 market notes show butter receipts 3,0867 with creamery prices higher than extras around 41 to 42 percent. Eggs receipts 13,800 with mixed quality grades and fluctuating regional prices. Cheese prices barely steady with 87 receipts and 180 pounds. whole milk flats held with values around 21 to 27 percent.
MENTIONED IN THIS ARTICLE
New York
Hannery White
Hennery
Hennery Browny
Pacific Coast
Potato Market and Sugar Prices Report From Chicago and New York
Chicago notes show mixed potato receipts and shipments with steady market tone and varied regional prices. New York sugar prices and futures move higher on covering and Cuban demand amid a steadier spot market, with July and December contracts quoted and late session revisions noted.
MENTIONED IN THIS ARTICLE
New York
Earthquake Disrupts Santa Barbara Telephones
A strong quake centered near Los Angeles rattled the region June 29, halting Santa Barbara exchanges and wiping out main switchboards. Telegraph and telephone lines failed west toward Ventura, with delays to Bakersfield and Los Angeles while crews restored a magnetic line to reestablish contact.
MENTIONED IN THIS ARTICLE
A. P
Los Angeles
Santa Barbara
Santa Barbara Telephone Company
Pacific Telephone and Telegraph Company
Associated Press
Earthquake Destroys Rail Lines and City Structures
Reports from San Francisco and Santa Barbara describe 200 miles of Southern Pacific tracks ripped up north of Los Angeles and widespread damage along State street. The Pacific Southwest bank, Commercial bank and Potter building in San Francisco and Santa Barbara hotels and brick structures are reported demolished or badly damaged. Red Cross plans relief airlift with Army planes. J W Richardson to lead.
MENTIONED IN THIS ARTICLE
Mojave
Lancaster
Antelope” Valley
Los Angeles Bureau of Power and Light System
Bakersfield
Oxnard
Santa Barbara
Colton
Southern Pacific
Los Angeles
Ventura
el Centro
Imperial Valley
Western Union
Pacific
San Francisco
The
Federal Reserve Bank
Pacific Telephone and Telegraph Company
State Street
Carillo
San Luis Obispo
Calif
Pacific Southwest Bank
Commercial Bank
American Red Cross
San Barbara
J. W. Richardson
Red Cross
New York
Hugh Neill
Southern Pacific Railway
Hides and Wool Prices From Idaho Hide and Fur Co
Idaho Hide and Fur Co of Pocatello lists daily prices for hides including salted green hides at 7c, green kips at 10c, green calves with lice, dry hides at 13c, and horse hides green or salted from 2.00 to 3.00 depending on size. Sheep pelts dry long wool 7c, wool and pieces half price. colt and pony hides half price. general condition notes and weight ranges included.
MENTIONED IN THIS ARTICLE
Idaho Hide & Fur Co
Pocatello
Idaho
Grain Export Figures Show U S Exports Rise Last Week
In late June 1929 grain exports from the United States totaled 2 597 000 bushels, up from 2 367 000 the prior week. Wheat and corn led gains while barley and rye shifted, with Canadian grain imports down from the previous week and U S wheat flour exports reported in barrels.
MENTIONED IN THIS ARTICLE
New York
Washington
United States
Ommer
Department
Toir
New York Money Rates Mixed Inactive Debt Markets
Call money is strong with a ruling rate near 4 percent and short term loans showing firm or modest activity. Time loans show mixed collateral terms with 60 90 day notes around 3 percent and 4 to 6 month papers at about 8 percent while prime commercial paper trades near 3 percent.
MENTIONED IN THIS ARTICLE
New York
Metals Markets Report From New York Trade Floor
Copper firm in spot and futures at 15 percent gains, tin steady with spot near 7.26 dollars and futures around 56.25. Lead soft at 8.10. nickel steady with Master Louis futures 7.00 to 7.05. antimony quoted at 16.25. No. 1 northern copper around 20.50, No. 2 northern 19.50 to 20.00, southern 17.00 to 19.10.
MENTIONED IN THIS ARTICLE
New York
Atchison Lil
Coast Lineway
Baldwin
Ealt & Ohio
Bethlehem Stl
Fnc
Cerro de Paseo
Slis Chandler
Chesapeake & Ohio
Chic & Northwestern
Chic Mil & St P
Coca Cola
Coloradoe
Congoleum-Nairn
Consolidated Gas
Oes
Crucible Steel
Enapenrines
Cuba Cane Sagasia
Davison Chem
Edge Bros. Pfd, Se du Font de Nem
Louisville & Nas
Mack Truck
Marland Oil
Maxwell Met
Seaboard Oil
Mid Continent
Mo. Kan, & Tex
Missouri Pac
Montgomery and Nat, Biscuit
New York Central
Norfolk & Western
American
Northern Pacific
Ie Pacs
Eleasain
Pan Am. Pet. B
Tenneylvania
Phila. & Rdg. C
Phillips Pet
Radio Corp
Reading
Tron Steady
Northern
Southern
Louis
Lead Prices Reduced by Amers Smelting and Refining Co
New York June 20 The American Smelting and Refining company today reduced the price of lead from 4 1 4 to 6 1 4 cents per pound and so lowered the market rate for refined metal.
MENTIONED IN THIS ARTICLE
New York
Toda
Santa Barbara Earthquake Reports and Aftermath
Eyewitness San Antonio Fisher describes a Santa Barbara quake aboard a Southern Pacific train as it rocked and a tank toppled onto the track. The disaster area was cordoned off after oil floods and 65 deaths are reported. multiple shocks affected Santa Barbara and nearby regions with tremors felt in Los Angeles and San Francisco.
MENTIONED IN THIS ARTICLE
Los Angeles
Santa Barbara
Frederick Irving Fisher
Summerland
San Francisco
Southern Pacific Railroad Company
Standard Oil Company
Paul Shoup
Southern Pacific Company
Seismological Society of California
Point Conception
Naples
Mr. Shoup
Boxing Returns With Gereb Walker Title Bout at Polo Grounds
The Tribune reports the Gereb Walker middleweight championship rematch and the Wills Weinert boxing contests set for Thursday night at the Polo Grounds New York City. Returns will come via AP wire from ringside and megaphoned. exact time to be announced.
MENTIONED IN THIS ARTICLE
Tribune
Polo Grounds
New York City
Associated Press
Airplanes Leave for Stricken Zone
Captain W. T. Ocker and Lieutenant W. BR. Taylor flew two army planes from Rockwell field San Diego at 11 40 am to Santa Barbara to place themselves and the aircraft at local authorities. War department orders in Washington specify planes ready for possible service after the California quake.
MENTIONED IN THIS ARTICLE
San Diego
Calif
W. T. Ocker
W. BR. Taylor
Rockwell Field
Santa Barbara
War Department
Washington
California
Aged Father of President Is Out of Danger
The president’s father, long ailing with heart trouble, underwent an operation under local anaesthetic after a Boston escape. Doctors performed the procedure in a room where the chief executive had taken the oath two years earlier. A kitchen table, quilt, and bay window lit the scene as the patient spoke with doctors and asked about his valet.
MENTIONED IN THIS ARTICLE
Boston
Chute
Chie
White House
President Coolidge Orders Aid to Santa Barbara
President Coolidge directed Acting Secretary Davis and Secretary Wilbur of the Navy to furnish all possible assistance to Santa Barbara following a request for aid. The action was announced from Plymouth Vermont on June 29.
MENTIONED IN THIS ARTICLE
Plymouth
Coolidge
Mr Davis
Wilbur
Navy Department
Santa Barbara
Bank Clearings and Local Band Concert Report
Bank clearings at Potatello totaled 255 033 49 dollars. The Shop Employees association band gave a pleasing concert at Virginia park opposite the depot yesterday evening. The crowd welcomed the numbers and praised the group’s diligent practice. James Airshie Jr arrived in Pocatello from Boise and consulted with Lucille Moore’s attorneys. Helen Hamilton and Jack Wilson face theft charges in a California car case heard by US Commissioner Theo Turner. no settlement reached by press time.
MENTIONED IN THIS ARTICLE
Shop Employees Association
Virginia Park
James Airshie, Jr
United States District Attorney
Pocatello
Beise
Lucille Moore
Helen Hamilton
Jack Wilson
California
United States
Theo. Turner
Also Mentioned on This Page
Financial and Markets
Tweed
Omnes
Oklahoma
Arkansas
Triumpha
Ohloy
Virginia Barrel Cobblers
Wintconsin
Arew
York
Continental
Ile
Standard of
Mimey
Betas Meses Setsueis
Ena
Neill
San Jose
Santa Clara College
Rickard
Mie
Peer Ori Rai
Gates’ Dry Goods Store
Lisle
Tyen
Potatello
Vec
Aire
Bse Aleore
Bacon
Per
Cudahy
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