23 Dec 1933
Page 1
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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Dec 23, 1933
Page
1
New York stocks fell sharply as selling intensified with Union Bag & Paper dropping 9 after authorities probed activity in the issue. Broader declines hit many names while bond markets were irregular and gold and dollar values shifted modestly. Cotton and grain markets showed mixed moves with volatile swings Across New Orleans, Liverpool, and Chicago markets.
The market reports marginally steady prices for cotton seed oil with 20 bonds priced around 3.65 to 3.80 for prime summer yellow and 3.00 to 3.25 for crude. Notable figures include Dec 3.70, Jan 3.70, March 3.90, and May 4.08 with 41 contracts traded.
Sugar markets were quiet in New York with no spot sales and unchanged overall prices at 4.40 for granulated sugar locally. A nearby refinery cut prices by 10 points to 4.20 in guarantee territory retroactive to Tuesday after beet sugar refiners lowered prices yesterday.
Egg buyers in Neyk report unsettled prices with 18 164 unsettled. Fresh receipts offer special packs across colors and standards for medians and dirties. Re refrigerators prices listed with percentages for firsts seconds and mediums. Nearby exchange specials and standards in the 23 to 28 percent range.
New York dairy prices show butter at 16 281 firm with firsts 87 91 scores. cheese total 145 632 unsettled. Chicago poultry prices hold steady with live animals and dressed turkeys unchanged. Chicago butter and eggs quote mixed with various scores and futures.
The report notes heavy, volatile NY stocks with losses easing amid mixed signals. Foreign exchanges stay weak, dollar rally continues. cotton declines, wheat and corn show weakness with sympathy. Sugar barely steady amid selling. coffee steady on foreign support. cattle firm with higher steer prices. hogs strong with top around 4.25.
St Louis cash grain markets show Wheat No 1 red 84 No 2 red 83 with Dec futures at 7944 and May at 82 for nearby contracts Corn No 2 yellow 46% No 3 yellow Oats No 2 white 36 No 3 white 34% closing figures listed for wheat futures with month codes indicated.
Live poultry remains steady to firm with broilers express 10-17 and fowls 10-14 while turkeys Freight and express 16-21. other freight and express unchanged. Dressed poultry also firm and unchanged.
Turpentine firm reports 42 sales 28 receipts 274 shipments 44 and stock 16182. Rosin firm logs 334 sales 1428 receipts 222 shipments 109457 stock. Market quotes list grades B to M and WG 4.25 WW and X 4.65 with varied prices.
Chicago market notes show cattle and hogs active, with prices rising for high quality dairy and feeder stock. Hogs sold 3.20 to 3.25 top, lighter weights down. cattle 9,000 head, steady to higher for good and choice light weights, bulls and cows mixed, with steers 3.75 to 5.00 for common ranges and heavier weights up to 6.75.
The market shows easy foreign exchange with Britain at 5.09 in dollars and 6.09 via cables, various nations quoted in both demand and cable figures. Other currencies include France 6.07, Italy 6.16, Belgium 21.60, Germany 37.00, Norway 25.60, Sweden 26.235, Denmark 22.75, Switzerland 29.95, Spain 12.70, Argentina 83.17, Brazil 8.50, Tokyo 30.87, Shanghai 33.50, Hong Kong 37.38, Mexico City 28.00, and Montreal at 100.18.
Call money in New York on December 20 was steady at 1 percent all day. Time loans held firm with 60 days at 1 1 2 percent, 90 days at 1 1 4 percent for 4 6 months. Prime commercial paper quoted at 1 4? 4 1 4 percent, bankers acceptances unchanged.
Moultrie hog market reports prices in Dec 20 market session. Heavy hogs 240 lbs up fetch 2.60 per cwt. No 1 180-240 2.76. No 2 140-160 2.50. No 3 120-140 2.25.
The New York Stock Exchange conducts an inquiry into unusual trading in Union Bag and Paper Co stock. The share price swung from 5.50 in January to 60 in July, then fluctuated before dropping to 45.75. Officials would not comment, noting routine inquiries. An Atlas Tack Corp. investigation was also started earlier in the week by the NYSE committee and the state attorney general's office.
Forecast for Thomasville and vicinity calls for fair weather on Thursday. Local data shows temperature readings, precipitation totals, and normal values for the month. In New York, closing prices for U S government bonds are listed with latest bid names and figures.
Lakeland Ga December 20 The aroma of flying fish fills the air as hundreds haul fish from Banks Lake for Georgia's large fish festival. More than 10 000 visitors on opening day witnessed bass beam and speckled perch being fried and shared near the lake. Local officials including M D Collins George Hamilton and R E Gormley spoke at opening ceremonies as crowds lined Main Street and tents sprouted along the shore.
For sale items include used bases springs mattresses chairs oil stoves piano roller top desk and chair refrigerator victrola garden tools clocks kitchen cabinets and tables cafe stools auto truck rack steel filing cabinet plus many other bargain items. Trading Post 313 West Jackson Street.
The advertisement notes crude oils used to manufacture Sinclair Opaline Motor Oil and Sinclair Pennsylvania Motor Oil. It also promotes Sinclair H C Gasoline with a higher anti knock rating than Stepped-Up 70 while selling at regular gas price.
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