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Newspaper
Dothan Eagle
Location
Dothan, Alabama, United States of America
Date
Feb 14, 1930
Page
1
Liverpool Cotton Market report shows immoderate demand and rising prices with American and local sales. Prices for good middling to strict low are quoted with reaceipts and futures indicating quiet settlement. 8,000 bales sold including 2,900 American. receipts 23,000. futures listed for May July October and December.
The stock market showed erratic price swings with many issues up and active while miners and industrials fell. U S Steel rose to a 1916 high, Republic Steel gained over six points, and several utilities reached new highs as volume remained heavy and transactions broadened late in the day.
Raw sugar remained quiet with no sales reported in New York Ped 14 trade. Prices held at 3.61 for duty frees and 3.83 for Cuban sugar. Raw futures opened steady to 3 points higher then traded 2 to 4 points lower at midday. Refined sugar stayed at 4.95 for fine granulated with light demand.
New Orleans spot market reports snot cotton closing steady with a 15 point gain. Sales reach 1,240 with low middling at 13.98, middling 15.48, good middling 16.16. Receipts total 1,366 consignments rise, stock at 500,800.
Cotton futures in New Orleans opened steady as Liverpool cables boosted sentiment. May touched 16.13, later trading around 16.03 to 16.13 amid modest realizing. Weekly export total 1,209 bales. census domestic consumption for January 577,225 bales.
Wheat No. 3 hard 1.16, No. 2 mixed 1.35 2. Com No. 3 mixed 82, No. 2 yellow 67 3/4. Oats No. 3 white 44 1/2, No. 4 43. Rye No. 2 83 1/4, No. 3 75 1/4. Barley 58 1/2 57. Timothy seed 5.50 6.45. Cloverseed 10.25 17.75. Lard 10.95, ribs 13.25, bellies 13.87.
In Chicago on February 14 heavy selling by commission houses pushed grain prices lower. Wheat fell about three cents as forecasts of 1930 US production suggesting ample supply spurred selling. Wheat settled around 1 532 to 1 590, corn down 2 to 4 cents, oats down 1 to 1 1/2 cents, and provisions up to 10 cents higher.
Miss Charlotte Carmichael at Montevallo school visits Newton home. Dora guests, local families visit, auditorium fundraiser yields athletic suits. Memphis Cottonseed and New York coffee market briefs follow, with Chicago livestock results and a Tennessee execution report. Names, places, prices, and dates dense throughout the page.
In New Orleans on February 14 the market for cartonized oil showed steady to firm tones with summer delivery at 8.10. Prime crude grades traded in a range from 7.37 to 7.50 with February at 8.10, March 8.15, April 8.25, May 8.32, June 8.35, July 8.45, August 8.50 and September 8.63.
In New York and New Orleans trading on February 14, cottonseed oil markets showed firmness in some contracts and steady opens in others. Prices ranged with February at 8.65 in New York, May around 9.26, and July near 9.48, while New Orleans opened with February bids at 8.05 and September at 8.63. Butter in New York held steady amid 17,325 receipts.
In Wooster Ohio on February 14, four year old Melvin Horst who disappeared 14 months ago was found killed the day of his disappearance. Earl Donald and Charles Hanna signed sworn statements each blaming the other for the boy's death. Donald said Hanna forced the boy into a car and killed him, while Hanna claimed Donald lured and killed the child. Both men denied aiding in recovery efforts as a body search continued with murder charges possible.
A. G. Bean of Birmingham recounts a long battle with illness including a clash with flu and a brain tumor misdiagnosis. After 27 treatments with Saigon products he reports dramatic recovery, weight gain, stronger nerves, and renewed energy. Saigon pills are credited with constipation relief and liver improvement.
On February 14 in Chicago USDA data show 96 cars on track and total US shipments at 926 cars. Wisconsin sacked whites traded at 2.40 to 2.355, Minnesota sacked whites at 2.35 to 2.40, Idaho listings incomplete. Trading slow as offerings varied.
Partial OCR reads Chicago totals with various scores including 35 to 33 10 31 to 32 and other fragmentary figures. The item lacks clear teams or events but notes Chicago in February with several game-like numbers.
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