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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 02, 1931
Page
6
New York market notes show egg shipments rated by grade and color with price ranges and quality indicators. Mixed color packers prefer heavy 19-205 wax. extra first rate 18 percent. first 17 seconds 16 percent. medium firsta 15 percent.
New York stocks heavy and commodities mixed with gains in foreign exchanges and cattle while bonds curb and cotton weigh on sentiment. Coffee and wheat show steadiness with corn small gains and hogs unchanged.
New York June 2 The stock market opened with a lag and dipped to new lows before buying returned lifting some shares one to four points. Gains faded by afternoon as heavy undertone persisted with rails and oil shares mixed and monetary liquidations steady.
Agnes Scott College in Decatur announces subscrip tions in hand to finish a $1.5 million campaign begun two years earlier. About $890,000 has been raised. officials aim to raise at least $50,000 more to cover expenses, with 78 graduates receiving A B degrees from 17 states or foreign countries during the forty second commencement.
New Orleans June 2 Cotton futures showed nervous trading with new seasonal lows as foreign markets weather and weak stocks weighed on sentiment. Prices fell to 8.35 for July and 8.87 for December before a brief rally, closing steady with declines of about 19 to 20 points.
Prices across all months fell to new seasonal lows as favorable weather, easy Liverpool cables, and stock market uncertainty weighed on trading. July dipped to 8.27 and December to 8.85, with mid afternoon losses narrowing to about one point. Futures closed barely steady, spot market quiet with middling around 8.40 to 8.42 for July.
Liverpool spot cotton eased fourteen points with prices ranging from 5.39 for American strict good middling to 3.69 for good ordinary. Sales reached 4,000 bales, receipts 10,000 with 2,100 American. Futures closed steady with July at 4.53 and May at 4.90.
Market notes from Moultrie show No 1 packers at 5.25 and No 2 at 4.75 while No 1 pigs sell 4.25. Chicago hogs steady to higher with pigs 5.70-6.10 and cattle markets up, New York poultry steady, Savannah turpentine and rosin firm, New Orleans cotton soft, and New York sugar steady with refiners signaling price changes.
Memphis Tennessee June 2 Cotton seed futures closed quiet with June bids at 22.00 and July 23.50. September 21.25 and December 20.60. Cotton seed meal futures eased with June 21.50 and July 21.00. Sales total 1900 tons.
Dublin watchers gasped as the Irish hospital sweepstakes draw announced ticket 496 named King Alfonso from Villa Fernandez Algorta Vizcaya Spain. The prize for the winning ticket was $500, with each ticket costing $250, while all prizes followed the usual draw.
The United States Presbyterian General Assembly voted 144 to 92 to abolish its committee that acted as central agent for the church's work, signaling no withdrawal from the Council of Churches. The decision was announced in Montreal on June 2.
Montreal N C report to the general assembly urges dissolution of the committee of forty four and creation of a central eleven member panel to simplify organization. The special committee says economies and efficiency have not improved and calls for debt liquidation and streamlined structure.
The Rev Ernest Thompson of Charleston and W M Everett of Atlanta defended the forty four member committee. They argued the church lacks a plan long enough to test. Mauze cited a $4,500 cost and asked if that is required for Christian men to dwell in unity and peace.
Los Angeles on June 2 David H. Clark ran for municipal judge while seeking dismissal of murder charges against Charles Crawford a political boss and Herbert Spencer magazine editor Clark urged voters to believe his innocence after surrendering 36 hours earlier and breaking a long silence
Defense lawyers moved to dismiss Clark's charges at a preliminary hearing and said they would seek bail if he is held for trial, arguing the state has a weak case and offering no defense witnesses.
The supposed theft of 1.8 caliber anti aircraft machine gun designs ended when the owner revealed the plans remained in his possession. Justice and Navy officials had searched after a report of theft but found no loss and closed the case.
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