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Newspaper
Dothan Eagle
Location
Dothan, Alabama, United States of America
Date
Feb 01, 1930
Page
3
Trade in Liverpool and New Orleans markets shows steady to higher closes with scattered liquidation and covering. Futures advance 12 to 16 points, and cash middling remains around 16.50 as buyers, hedging and demand mix through the week.
Butter unsettled with receipts of 11 581 tubs and mixed grades listed. Cottonseed oil futures and spot quotes show steady to dull trading across New York and New Orleans with several month contracts provided and prices noted for prime summer yellow and crude varieties.
Chicago livestock market update shows mixed changes across species. Cattle receipts 200 with mixed moves, vealers and beef cows sharply lower, hogs steady to higher in spots, fat lambs and yearlings also weaker, top lamb price 12.75, direct and local sales noted.
New York Feb 1 cotton futures opened steady with Mar at 16.25 cents, May 16.50, July 16.78, Oct 16.95, and Dec 17.03 cents per pound.
Foreign exchanges in New York show mixed moves with Great Britain quoted at 4.8414 in demand and 4.861% on cables, 60 day bills 4.827-16. France bids 3.9244 with cables 3.9256, Italy at 5.22 15-16 and cables 5.2814 reflecting the day’s currency activity.
A dense listing of radio programs and stations across the United States for Saturday February 4. It names networks NBC CBS and many local stations such as WEAF WJZ WGN WABC WSM WCCO KOA KMOX KFI and more, noting programs from morning through late night including news talks music dance and orchestral showcases. The schedule includes time blocks in standard local times with reference to network feeds and regional programming.
New York stock market opened with a fractional rise as Union Carbide and Sears Roebuck advanced about a point while Westinghouse Electric fell about two points. U S Steel opened lower and American Power and Light plus Standard Gas and Electric gained two points. Foreign exchange opened steady with sterling around 4.86.
Liverpool cotton market notes steady futures with American bale activity. Prices quoted for American middling and various grades show steady to firm levels while sales reach 3,000 bales and receipts total 11,000 bales, largely American. Futures close steady with several contract months listed.
Spot cotton in New Orleans opened steady up 17 points with sales of 200 bales. Low middling 14.56 cents per pound, middling 16.06, good middling 16.77. Receipts 481 bales, stock 519510 bales.
Chicago wholesale prices list grain and seed quotes dated February 1. Corn No 4 mixed 80 81 cents, oats No 2 white 4541, rye No 2 86 cents, barley quotable 57 to 67, timothy seed 5.60 to 6.55, clover seed 11.00 to 18.50.
Memphis Feb 1. Cotton seed futures closed firm with bids for February 36.00 March 36.00 May 37.00 and January and September at 28.00 and 35.25. Cottonseed meal futures also firm with closings Feb 34.25 Mar 33.95 May 34.20 July 34.40 Sept 34.50. Sales 100 tons.
Chicago wheat prices moved higher as Liverpool quotations rose on Argentina sales and stronger European demand. An unofficial Chicago estimate expected a 1.1 percent drop in world winter wheat acreage from last year. Corn and oats advanced while provisions showed gains.
Market opened irregularly with fractional moves. Union Carbide and Scar advanced, Westinghouse retreated, Packard Motors saw a jump in early trading. Steel shares opened slightly higher amid thin trading as analysts track early price action.
Market brief from New York shows coffee futures with No. 7 and No. 4 contracts under pressure. Trading notes indicate a steady front with Mar and May positions around 9,000 bag prints and notable activity in July and September maturities.
A New York butter firm reports a strong start to February with improved production and export figures. The creamery indicates higher quality extras and steady demand, signaling positive market momentum for the month.
The New York raw sugar market was quiet with few sales reported. Prices showed slight movements as futures mixed, with modest losses of 2 to 3 points and nearby values around 4.20 for spot. Trading remained light as buyers in Cups and Uncle calling agencies held positions.
A garbled report notes a youth ads bank robbery case in Bowling Green involving a bank and a sale employee. Witnesses mention three men participating and a gate date referenced, with unclear details on the plea or outcome.
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