Stock Market Quietly Rises On Hope From Europe
New York April 19 stocks moved higher amid buying flurries in a quiet session. Investors found reassurance in the latest European news as trading eased and prices gained modestly.
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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Apr 19, 1939
Page
7
New York April 19 stocks moved higher amid buying flurries in a quiet session. Investors found reassurance in the latest European news as trading eased and prices gained modestly.
Market prices extended for Tuesday sales on N Kent Street. Steers and heifers show mixed grades with top bulls at 7.10 per cwt and fat cows from 4.00 to 4.75. Pigs and sows range from 3.00 per head to 7.50 per cwt, stocker steers 32.00 to 45.00 per head.
Chicago April 19 milling and export demand for wheat lifted prices. improved demand provided an upward tilt for futures and cash grain values as traders watched market signals and stock levels.
The Virginia National Guard Headquarters Company of the 116th Infantry, led by First Lieutenant Lawrence C. Hollis, passed a federal inspection Tuesday night for training in intelligence and communications. The inspector noted excellent condition of federal property but deemed the armory facilities inadequate and urged securing a proper building with safe storage and adequate quarters.
John Jackson, son of A. H. Jackson of 125 West German street, won a Mercury sedan offered as a prize by the Lions Club and Zane Fire Company at their fun festival held last week. Jackson is a Handley and S. V. A. graduate and works for the O Sullivan Rubber Company.
Traders sold late on news the British ambassador would return to Berlin amid easing fears over Europe. Prices closed nearly unchanged from yesterday with North American export activity strong at 1.25 million bushels, mostly Canadian wheat, signaling nervousness among foreign buyers. Wheat May 69 1 8 to 1 4, July 67 7 8 to 68, Sept 68 1 4. Corn May 49 1 8 to 1 4, July 50 1 2, Sept 51 1 8 to 1 4. Oats May 30 1 8, July 27 17 8, Sept 27 1 4. Soy May 88 1 4, July 86 1 2, Oct 73. Rye May 41 3 8, July 42 5 8, Sept 43 7 8. Lard May 6 27, July 6 42, Sept 6 57, Oct 6 62. Cash wheat and corn mixed against modest gains in Baltimore and local markets.
Italy and Germany tighten ties with Hungary as Premier Teleky in Rome affirms Hungary's loyalty to the axis. Le Journal de Moscow praises British French efforts to win Soviet adherence, signaling possible Russian joining of a western front.
The plane en route to Yucatan, Miss., hit heavy storms near Guadalupe Victoria after leaving Mexico City. Miss Constantine survived with injuries, aided by locals who doused the flames and carried her to a village hospital.
Handley High School dominated the Fredericksburg northern district literary contest with top honors in debating Public Speaking and reading contests. Teams included Robert Bridgers Vance Bourjailly Bobby Boyd and Boyd Headley. Lillian Gatewood won Public Speaking. Willie Mae Brumback led Girls Reading. Handley won the spelling contest and its one act play At The Junction earned high marks with roles by Himelright Sutton Gearing and Copenhaver.
Miss Rachel Jenings of the Ladies of the Press invites Aldine R. Bird of the Baltimore News-Post to a luncheon honoring girl reporters. Bird replies he would be out of place in pants and as a father, and that the editor may send a girl reporter. The committee may invite him as guest of honor.
Miss Dorothy B. Connelly of Chautauqua County public schools visited Armel School on the Front Royal pike in Stephens City Virginia. She spoke to the boys and girls about county school work and the south tour while samples of end of elementary tests were shown.
The Lutheran Church of Our Saviour holds its regular prayer service at eight this evening with Rev. C Worthington Lowe speaking on Planting Seeds. An important meeting of the Young Woman's Bible Class and the Men's Bible Class follows the service. Choir rehearsal will occur after.
The Senate Unemployment Committee divided the Byrnes relief and public works bill into two parts. One would create an independent Public Works Agency consolidating WPA PWA CCC NYA and related offices. the other would liberalize unemployment compensation and aid to the aged dependents and children under Social Security.
Fire destroyed the French liner Paris after blazes rooted in the bakery and barber shop aboard. Officials cited sabotage warnings from Le S cur ete National while firefighters battled flames for more than 13 hours. The ship lay on her side near Le Havre docks as water and heat strained her ropes and structure.
An organ concert and other music will be held Friday evening in the Sarah Zane Fire Hall under the Young Woman's Bible Class of the Lutheran Church of Our Saviour. The Tin Can Quartet from the University of Virginia Glee Club will perform in Gay Nineties costumes, singing memorials in songs of the days long ago. The quartet includes Don Payne of Norfolk first tenor Fran Hershey of Hershey Pa second tenor Tom Bryan of Richmond first bass and Manley Wade of Charlottesville second. Howard Bailey of Charlottesville will accompany on piano. Refreshments will follow.
The regular mid week prayer service at Grace Lutheran Church will be conducted tonight by Rev. Edwin B. Smith of the Grove Springs Charge Lutheran Church. The public is invited to attend at 7 30.
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