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Newspaper
Dothan Eagle
Location
Dothan, Alabama, United States of America
Date
Dec 12, 1934
Page
5
New York stocks show varied results with notable names like American Can Chrysler General Motors and Dow components trading unevenly. Agricultural prices steady to mixed with Dothan hog and peanut markets and Chicago butter and egg quotes completing the day’s market snapshot.
Montgomery Dec. 12 AP. Sheriff T. L. Gantt of Covington county sent a photo to Governor Miller proving the seizure of a still used for triple distillation. Solicitor Reid says 10 to 12 stills were seized in 60 days as enforcement of prohibition. The Oak Grove site near the Florida line produced whisky and mash. 92 gallons of whisky and sixteen 50-gallon barrels were seized. 50 gallons were taken from George Blackwell’s home.
New Orleans reports Emergency Relief Administration official William Plunkett says transients will be replaced by aid to local homeless. He notes threefold funding increase and says the program should start within six weeks. About 283,900 transients are now aided nationwide. Local papers would bridge gaps to meet transient standards.
New York Dec 12 AP The stock market steadied and moved higher after yesterday's slide aided by favorable steel and electric power data. Bond market improved and commodities were narrow. Radio preferred rebounded then faded. Wilson class A and preferred rose to near yearly highs with gains in American Can Phillip Morris Celanese IBM and Liggett & Myers. DuPont and Safeway slipped on profit news.
Washington reports for Aug 1 to Nov 30 that cottonseed crushed reached 1,767,722 tons, down from 1,983,647 a year earlier, with mills holding 1,232,087 tons of seed. Crude oil output stood at 542,699,582 pounds versus 613,165,023. refined oil 434,602,034 versus 445,756,448. cake and meal 799,313 tons versus 892,330. hulls 459,019 tons versus 537,325. linters 379,550 running bales versus 353,886. on hand figures show declines or modest rises across products.
Fire Chief J. E. Ziglar cautioned Dothan residents amid freezing weather as hastily installed heaters entered service. He urged compliance with municipal stove erection rules requiring safe distances from woodwork, properly constructed flues, and other safeguards, warning that the ordinance would be enforced.
Night Clerk Isaac D. Jones reported the fire and hotel staff were sent to investigate. Officials said 170 were accounted for, with 14 dead and 33 injured. Walter Jeffry, vice president of the Michigan Association for The Blind, escaped by jumping from a window to the adjoining building roof.
Union labor presses for 193% reform with William Green proposing unemployment insurance funded entirely by a five percent payroll tax. Green argues workers should not bear the direct levy as costs shift to prices and wages, noting employers pass costs to prices and workers buy most goods. He said workers would pay twice if they shared the direct cost.
Turpentine firm quotes at 46 1 4 to 46 1 2 with 70 sales, 164 receipts, 5 shipments, and 20 190 stock. Rosin firm shows 70 78 sales, 1 343 receipts, 234 shipments, 127 408 stock. Prices span B 4.00 to X 5.25 with varied grades N 4.55 WO 4.85 WW 5.25.
In Chicago on December 12 the U S Department of Agriculture notes hogs steady to up to 10 points higher than Tuesday with weights 240 pounds and above at 6.20 to 6.30, extremes to 6.35, 200 to 240 pounds at 5.75 to 6.25, 170 to 190 pounds at 5.15 to 6.65, lighter weights 4.00 to 5.00, slaughter pig prices down to 3.50, sow prices 5.65 to 5.85, and 200 to 250 pounds at 6.75 to 6.30 with 250 to 350 pounds at 6.20 to 6.34.
Liverpool markets report 16 000 bales including 10 300 American with spot quotes up five points. Quoted prices for American quality range from strict good middling 7.73 to strict low middling 6.73 amid steady futures closing with Dec 6.79 Jan 6.77 Mar 6.75 May 6.72 July 6.69 Oct 6.55.
In Berkeley California a 13 year old boy identified as David L Weaver of Irving Tennessee boasted of a five year crime career before being captured after a high speed chase. He admitted involvement in eight recent Northern California holdups. His companions were John Caraway 90 and Jack Dance 29, both booked.
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