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Newspaper
Dothan Eagle
Location
Dothan, Alabama, United States of America
Date
May 08, 1949
Page
6
AP reports a subdued week in New York trading with light volume and small price moves. Investors reacted to seasonal and industry news. General Electric announced layoffs while Carter Carrier rose on a new conditioning process.
The Enterprise Music Club hosts an open meeting on Wednesday May 11 at the Enterprise city school music room. Guests include literary club members and out-of-town visitors. Mrs B R Justice presides with organizers Mrs Mary Ruth Lewis and Mrs A E Bradley. Madeline Strain Kendrick of Elba will perform with Jack Knowles of Laverne aiding. Kendrick plays piano. Knowles is a baritone at State Teachers College in Troy.
Price for 1949 led advance among issues as Atlantic Gulf West Indies preferred Gen2a Motors Goodyear American Telephone and WWlinois Central traded. Losers included Bethlehem Steel Chrysler Reliance Mfg Santa Fe Montgomery Ward Columbia Gas Sinclair Oil Schenley. Bond turnover was extremely quiet, week’s volume smallest since August 1917.
USDA data show Salabie hogs around 200 pounds with prices near 18.25 to 18.75, weights up to 320 400 pounds scarce, and higher gilt and sow pricing. Cattle receipts reach a year’s peak with bulls, cows, vealers and stockers showing mixed gains and load lots around 27 dollars per 1300 pound steer. Grain futures slipped toward the close with corn around 1.39 to 1.40 for No 1 yellow and oats in the 0.72 to 0.75 range, barley at about 1.08 to 1.38.
In projections, Labrador is expected to produce more than 10,000,000 tons of iron ore annually in the near future, signaling a substantial boost in regional mining capacity and export potential. The claim emphasizes the scale of planned output and its impact on the local economy.
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