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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 03, 1931
Page
6
Classified items show a wanted good second hand fireproof iron safe or steel storage safe cabinet. Also Surf Florida rentals advertise Surf Resort accommodations four miles from Panacea with cottages and camps, reasonable summer reservations, fishing and bathing appeal, plus Furnished apartment and rooms for rent in nearby locations with local phone contacts.
New York cotton prices moved with stock fluctuations and late rallying buying. July rose from 8.27 to 8.36, December from 8.85 to 8.93 amid mixed activity. late trading quiet with prices 6 to 8 points higher than midday. Futures closed 25 to 27 points firmer. middling spot at 8.60.
Wall Street held a firmer tone despite mixed midweek trade. Banks cut broker margin requirements to 20 percent, boosting borrowing prospects while the oil merger decision signaled a shifted competitive landscape. Leading shares including U S Steel American Telephone and Union Pacific rebounded after earlier gains, with several issues recovering from losses as the market absorbed some liquidation.
Liverpool cotton market reports firmer demand with prices up one point. American grades lead gains with strict good middling at 4.80 and low middling 4.20. Sales total 5,000 bales, receipts 8,000 with 2,600 American. Futures closed quiet and steady across July to May contracts.
New York sugar traders report a quiet start with no business and unchanged spot at 3.23 per pot duty paid. All refiners raise 10 points to 4.45 for fine granulated at the morning opening.
Market report shows No. 1 packers at 5.25 and No. 2 at 4.75 for hogs with pigs and roughs priced accordingly. Chicago potatoes on June 3 show No. 1 Louisiana and Alabama Texas contracts around 1.50 to 1.65 per unit, with Georgia and Idaho values noted and overall slow trading and dull demand.
Chicago livestock prices show hogs at 5.75 to 6.30 for various weights with strong demand and hogs around 19,000. cattle totals near 8,000 with slaughter and feeder categories firm. Steers range 6.50 to 8.75 for different weights while cows bring 4.50 to 5.50 and stockers 6.00 to 7.25.
Henry Cotton 24, one of England’s top pros, and Johnny Farrell, American star, tied at 72 after 18 holes at the British Open in Carnoustie Scotland. Farrell opened 39 on the front and 33 back, matching Cotton’s late finish despite a strong wind.
Asheville North Carolina June 3 Frank A Pappi a retired banker from New York on vacation was sentenced to ten days in jail for criticizing Judge M W Barnhill s sentence of Wallace B Davis a former banker convicted of violating the state banking laws
Former Congressman W. D. Upshaw of Atlanta refutes a Birmingham Alabama Baptist convention resolution opposing Prohibition. He states the measure was introduced by Dr. A. J. Barton, chair of the special service commission, of which Upshaw has been a member for 23 years.
Chicago markets report butter at 6718 weak, extra creamery 92 score 23, standard 90 score carrots 23, extra first 90 91 score 22 22, flats 88 89 score 1 214, seconds 86 87 score 19 20, eggs 13997 steady unchanged.
Pittsburgh July 3 Action by the General Assembly of the United States Presbyterian Church left its parent body unmoved after the southern church voted to discontinue organic union talks. Church editor James E. Clarke described southern reactionaries as driving the move while optimistic officials in the U P church indicated collaboration for a definite union plan later this year.
Washington June 3 Loss of a key Supreme Court case, the Raladam decision, is viewed by officials as strengthening the Federal Trade Commission in its fight against injurious patent medicines. The court held the FTC failed to prove the obesity product harmed competitors, limiting enforcement. Commissioner Humphrey said the ruling clarifies that findings can show a remedy is unsafe without medical supervision, opening a path to action against many dubious products. The court may allow the government to seek a modification of the Raladam judgment.
James C. Ellis president of the Dade Park Jockey Club and oil and farm operator escaped after two men attempted to abduct him on the Carter road near Owensboro. Ellis said his car had been tampered with and run dry, allowing only a short drive before he was set free.
The Interstate Commerce Commission opened a hearing in Atlanta on a Georgia public service commission complaint. Georgia seeks suspension of loading rules mandating excelsior bedding and bins to handle melons, citing weight variance concerns. Representatives from the Georgia commission and the Seneca Melon Growers Association presented their positions.
The Interstate Commerce Commission proposed loading regulations would cost growers about 500000 dollars annually, equating to roughly 20 dollars more per car. About 20000 to 25000 melon cars are shipped yearly. The rules, due to take effect this year, were suspended by the Georgia Public Service Commission during the hearing and will not take effect this season.
Mrs Thomas O Connor of the Bronx said she is too excited to talk after learning her husband won 75000 on Orpen in the Irish hospital derby sweepstakes.
Thomas C Battle 83 longtime Atlanta attorney died at his home after a long illness. Born August 22 1847 in Griffin he served in the Civil War at age 16. He graduated from University of Georgia Law School in 1870 and married Willie Ingram surviving him along with son Henry Battle of Denver. Interment tomorrow at Senpia.
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