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Newspaper
Dothan Eagle
Location
Dothan, Alabama, United States of America
Date
Nov 29, 1929
Page
7
The cotton market opened steady in New York and New Orleans with futures showing slight gains amid Liverpool cables and crop estimates. Traders awaited weekly statistics while January March and May futures moved from early lows to modestly higher by noon, with spot prices also closing steady.
Default on the 1924 mortgage by Pete Bursting and Avadell Peacentyne leads Pridgen and Holman to foreclose on Forty acres in Houston County. Sale set before courthouse door in Dovaze with cash to highest bidder, November 29, 1929, to cover debt and legal costs.
Heaters caused two early fires this morning. An oven at Traylory News Stand near 8:30 a.m. caught fire but caused no damage. At 10:00 a.m. an oil heater at Radio Sandwich Shop on South Foster Street ignited, firemen extinguished both incidents with no material damage.
A light snow flurry fell in Birmingham as the weather bureau predicted the season's coldest temperatures for tonight and tomorrow with readings down to 4 to 38 degrees. The forecast warned of widespread freezing conditions, with warming only planned for Saturday and Sunday east of the Mississippi.
New York reports raw sugar at 3.67 a 100 pounds spot duty paid with no tests. Futures opened modestly higher on December shorts and some buying by Cuban and Wall Street connects but demand eased and prices fell to unchanged by midday. Refined granulated sugar held at 5.00 with limited near-term business.
Mortgage default proceedings to sell under a 1919 lien held by Continental Casualty Company. Property includes 70 acres in Houston County near Dothan, comprising NW of SW in Section 18 and part of NE of SE in Section 13, Town 3N Range 28E and 27E. Sale slated December 23, 1929 at courthouse in Dothan for debt, costs, and attorney fees.
The market shows smooth demand for Rio and Santos. Futures stay steady with approximate sales around 29 000 sacks and prices listed for nearby and deferred months including Rev 8.60, Mar 8.30, May 8.35, Jul 8.20, and Sep 8.15.
Sugar futures in New York steady as market weighs near term demand and speculative trading. Estimated total sales around 25 150 tons with positions shown for December 1999 March 2000 May 23 July 226 and September 225.
Birmingham Alabama fruit market roundup lists York Imperials apples at 6.50 per barrel, Winesaps 3.50 per box, Delicious 3.25 per box, fancy California oranges 26.25 per box, satsuma Alabama 3 per bushel, eggs Tennami Mo 44c, white yard eggs 60c, butter 46 to 34c.
Cottonseed futures in Memphis closed quiet with Dec at 35.90, Jan 37.40, Mar 38.50, May 30.85. Cottonseed meal futures closed firm with Dec 36.90, Jan 37.90, Mar 37.05. Sales totaled 1,700 tons amid light activity.
Old New Orleans and New York market listings show cottonseed futures closing steady with several months quoted. Prices for prime summer yellow and other grades appear in scattered figures, reflecting mixed demand and seasonal trading.
The report lists cotton prices and contracts with figures for deliveries across months December to October. It notes sales totaling 6000 bales including 4100 American and reserves 17,000 with all American. The text references prices and Parities and mentions dates in December and January.
St Louis market report lists UPI cash wheat No 2 ad winter 125 No 2 hard J2714 1.28 corn No 1 mixed 8 No 2 yellow 92 No 1 white 92 oats No 3 white 4619 47 with buyer asks and spellings indicating commodity prices on Nov 29.
Receipts show cattle and calves solid demand with top hogs and sheep firm. Heavies reach 14.00 per hundredweight with yearlings rising, steers 1200 to 1500 pounds quoted. hogs also firm, lambs and fat sheep pushing higher with fat ewes around 3.40 to 7.1, market broadly strong.
Ison Bloom has been named director of the WBBM Symphonic Jazz Orchestra, guiding the ensemble in performances and programming. The appointment marks Bloom's ascent in the orchestra's leadership structure and signals a new phase for the group.
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