08 Feb 1929
Page 4
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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Feb 08, 1929
Page
4
Corrected daily update from Swift and Company Moultrie Ga lists No 1 Packer hogs at 825 and No 2 Packer hogs at 6.25 with changes noted.
In Savannah on February 8 turpentine firm 58 reports sales 91 receipts 100 shipments 7 and stock 20670 while rosin firm shows sales 645 receipts 609 shipments 18 and stock 102056 with bid quotes from B to WW and W G values.
Raw sugar held steady in New York today with spots at 3.74 duty paid and no sales reported. Refined prices were unchanged at 6.10 for fine granulated.
New York poultry markets show steady butter and cheese with varied egg quotes across grades. Fresh gathered eggs range from extra first to storage first with price spreads. live poultry and broilers move by freight or express routes with fluctuating per price figures.
Chicago market notes show butter prices rising with creamery extras at 49 34, standards 49, extra firsts 48 43, firsts 46 44, seconds 44 45. Lees miguet extra firsts 41 14, firsts 40 41, ordinary firsts 38 37.
New Orleans cotton futures showed moderate activity with prices influenced by scalping and covering. In late morning contracts rose to 19.34 for July and 19.33 for May, then pulled back. by noon futures closed steady with gains of 2 to 4 points. Spot cotton closed steady with modest gains, sales 1,724 bales.
New York cotton futures rallied briefly on trade talk and improved technicals before midafternoon prices lagged, with March to December bids and asks showing declines. Liverpool weekly cotton stats report large American imports and stocks as the market wavered between buying and liquidation.
Wheat No 3 red 1.36 No 3 northern spring 1.17 percent corn mixed 92 No 3 white 96 oats No 2 white 54 541 cents sample grade 49 42 rye no data barley 60 76 timothy seed 4 30 5.90 cloverseed 22 50 30.50
United States Government bonds closed with Liberty 3 3 4s at 99.17, First 4s at 100.30, Fourth 4s at 100.30, Treasury 3s at 101.28, Treasury 4s at 104.26, and Treasury 14s at 110.26.
Chicago hog market daily notes show "36,000" head sold with price ranges from 9.25 to 10.46 for various weight bands and top bids at 10.46 for 160 to 210 pounds. Cattle prices range with steers and yearlings at 11.25 to 12.78 for typical lots, top 13.50 for slaughter classes, and cows from 7.25 to 10.50, reflecting steady to strong tendencies amid limited demand.
Liverpool notes a stagnant spot market with modest demand. American cotton values range from strict good middling at 11.08 to good ordinary 9.24, with 5,000 bases sold and 7,000 bases received, including 4,600 American. Futures close quiet with March at 10.18 and January at 10.15.
Chicago market notes Wisconsin sold round whites at 1.00 per cwt, Minnesota and North Dakota at 0.85, few at 0.65 to 0.75, Idaho russets at 1.50 to 1.70. Prices reflect regional sacking terms and varied lots.
Chicago wheat quotations rose amid scarce offerings and higher Liverpool prices. Opening bids advanced and prices held firm as corn, oats, and provisions also firmed with gains in the market.
H Goldstein announced the sale of his dry goods store to his two sons Harry and Joe Goldstein who will run the business at the same stand. The elder retires to focus on real estate and the transfer was completed with details finalized after January first.
Banks called 40 million dollars in loans sending the call rate to 7 percent. Early gains in high priced shares were erased as a broad decline followed with leaders slipping from yesterday’s levels. Copper issues and equipment shares rose on January orders. overall volume stayed moderate with a Friday rally fading before the weekend.
On February 8 the New York stock market showed unsettled sentiment after a sharp break and a $110,000 brokerage loan rise. A forenoon rally lifted many shares but midday selloffs erased gains. United States Steel, Chrysler, and others fell $2 to $5 from prior closes while radio and Johns Manville fluctuated with notable losses.
The District of Columbia Court of Appeals in Washington considers the applications of Harry F. Sinclair and others for reversal of their contempt convictions in the Fall Sinclair Teapot Dome conspiracy case. Sinclair's counsel Martin Littleton argues the mistrial stemmed from a juror remark about a car, claiming that sentence was the sole contempt in the matter.
Atlanta February 8 A cooperative project for establishing school forests in more than 100 vocational schools was approved by the state board of forestry. State forester B M Lufburrow said the forests will teach practical forestry to agricultural students, a first for any state. Visitors again flocked to Neel Gap and Indian Springs parks in 1928, and fire protection efforts were expanded with about 1,000,000 acres organized for protection, potentially doubling next year.
Major H O D Segrave and 18 aboard ship the Golden Arrow and boat Miss England were sent by rail from New York to Daytona Beach Florida to attempt to regain the world speed record next month. The party will depart at 3 20 p m on the Havana Special and the Miss England will be tested at Daytona Beach before possible entry in the Miami Regatta in March.
Coffee spot steady with demand heightening and Rio grade up 18 percent while Santos No. 4 sits at 24 percent. St Louis cash wheat lists prices for multiple grades and a Can Money rate shows slight strength with firm time loans. Cottonseed oil closes steady with prices for prime summer yellow and several futures contracts noted.
Cottonseed oil markets in New York closed easy with prime summer yellow at 10.75 to 11:26. Crude futures traded around 9.25 and 19.656 for February, with other months showing values between 10.15 and 11.29 as 18,100 shares changed hands.
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