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Newspaper
Dothan Eagle
Location
Dothan, Alabama, United States of America
Date
Feb 13, 1930
Page
1
In New Orleans on February 13, cottonseed oil futures opened steady with bids for February at 8.14 and March at 8.15. Other months showed bids of 8.25 for April 8.30 for June and 8.50 for August, with July at 8.43.
Liverpool spot market reports a quiet session with prices down across grades. American middling sits at 9.42, with various mid and low middling figures noted. sales total 5,000 bales including 2,200 American. Cotton futures closed steady with several forward positions listed.
New York opening reports cotton futures barely steady with March at 15.70, May 15.08, July 16.17, October 16.36, December 16.60. New Orleans opening lists steady near 15.45 for March, 16.65 Stay, 5.90 July, 16.07 October, 16.20 December.
New York notes a barely steady start with declines of five to 14 points. Early trading shows May and October futures slipping, while spot prices hold. later in the morning buying returns and prices recover from initial lows as covering and trade demand pick up.
Memphis cottonseed futures closed firm with Feb and Mar at 37.00, May 37.25, July 37.00, Sept 35.50 and sales of 1,200 tons. cottonseed meal futures also firm with bids Feb 3.25, Mar 3.36, May 23.60, July 33.35, Sept 33.40 and sales of 4,600 tons.
New York on February 13 CP reporting unsettled trading notes receipts at 19,366 with creamery prices higher than extra. The score shows 33-25 in the first period and 87-87 near the end with an extra 2 score 3612. prices and scores indicate mixed market movement amid ongoing trading.
Chicago, Feb 15. Receipts 29 000 cattle 6 000 calves 2 500 strong. Hogs top 11 85 best season. sows 9 85. Cattle: slaughter steers 13 09 15 40. fed yearlings 13 25 16 00. Sheep: light lambs 11 40 11 75. fat ewes steady. feeder lambs 10 00 11 00.
Cottonseed oil markets held steady in New Orleans with futures showing slight gains. Prices listed include prime summer yellow at 8.05 and prime crude at 7.50 to 7.62 with several monthly contracts: Feb 8.05, Mar 8.10, Apr 8.14, May 8.23, Jun 8.28, Jul 8.55, Aug 8.50, Sep 8.60.
Cotton seed prices closed steady in New York trading on Feb 13 with prime summer yellow at 8.40 and Crude at 5.50. Months and futures shown include March at 8.40, April 8.08, May 9.13, June 9.20, July 9.40, and September at 9.0 with assorted sales noted by Plano.
Fragmentary notes show activity in New Orleans with price quotes and a LOI. Mentions stock 100,640 and items described as mine or closely related terms. Readable fragments indicate sales and quotes but lack full context or clear participants.
The report cites exchange rates and commodity notes from New York and Chicago. It mentions foreign exchange activity, grain futures, and cash grain quotes with scattered figures and dates in a compressed, dated style.
New Orleans cotton futures opened mildly weaker on lower Liverpool cables with first trades down 2.5 points. Prices slipped to 15.40 for March and 15.66 for May before recovering as New York strength influenced New Orleans and Liverpool values. By midmorning the market steadied near the highs, with gains of 10 to 12 points at times, driven by bullish world consumption estimates and cooperative selling in the South, closing steady with a modest net advance.
In New York on February 15 sugar eased as duties fell 132 cents. A 12,600 bag Porto Rican sale floated at 3.41 delivered, with nearby supplies offered at the same level. Cuban raw futures opened down and drifted to 2 to 8 point losses. refined held at 4.95 with limited demand for nearby requirements.
Chicago market notes show U.S. shipments and price ranges for various potato types. Sacked round whites and Red River/Ohip's russets quoted with modest gains. Idaho russets around 3.00 to 3.25. Trading activity described as slow and market barely steady amid mixed receipts.
Chicago February 15 summary shows firm receipts at 14 867 tons with creamery and dairy classifications. Extir firsts 3642 to 6 and seconds 31 to 82 reflect grade splits and price ranges amid standard demand and supply conditions in the butter trade.
Chicago report shows wheat prices edging higher amid modest buying while upticks in futures are dampened by late selling. Traders note limited demand and cautious activity as markets close with slight gains and steady to lower cash prices.
Fragmentary text shows Mrs Frank Blackwell involved in a revenue dispute or campaign in the Fourth district. The readable portions are garbled and do not reveal clear actions, dates, or outcomes.
Detroit officials today offered their account of the November gathering for state and local officials where liquor allegedly flowed and dancing occurred for Governor Fred W. Green and other officials. A judge guest denied any liquor beyond ice cream and a 40 piece band. Governor Green, in Boston, indicated willingness to testify if asked.
The market opened higher led by public utilities and select high grade industrials with American Can American Tobacco and U S Steel reaching year highs. Afternoon trading turned uneven as selling pressure hit Simmons Gillette and Sears Call money held at 4 percent. Utilities and gas stocks rose on merger rumors while Consolidated Gas of NY traded 115 as Detroit offered a brief program of dance.
A blast at a one story brick school in New York injured 4 children severely and caused cuts and bruises to about 40 or 50 others. The explosion shattered windows and damaged nearby buildings, with the blast demolishing 13 and ripping out the school windows.
An advertisement warns that frequent colds weaken the nose throat and head, causing irritation and catarrh, and urges readers to inhale Runian's White Wonder Salve for relief. It promotes buying a jar at drug stores or sending 5 cents by postpaid to White Chemical Company in Montgomery Alabama.
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