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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 04, 1927
Page
4
Liquidity measures move forward as Fleming Chevrolet Agency faces liquidation in this city. Owner S W Fleming presented to major creditors this week showing the business cannot settle accounts promptly. He handed the matter to an attorney and creditors will decide on liquidation steps to maximize returns and recover collectable accounts.
Atlanta June 4 A junior college to be built and endowed by Valdosta for opening in 1928 becomes a unit of the Emory University system. The city offers 40 acres and pledges $200,000 endowment to be ready for occupancy in fall 1928. Mayor W H McKey and J R Dasher pledged cooperation as main building work starts. Emory president Harvey W Cox cited a $1.1 million operating budget and $9 million in assets, with $10 million expansion goal pledges of $839,033 so far. The report notes Emory’s stance against intercollegiate athletics despite hopes among students.
The local Chevrolet agency and its long time operations are being placed into liquidation due to poor payments and a sales slump. A meeting is planned to decide steps, with the Bank of Thomasville and Citizens Security Company managing the process as the firm may be surrendered.
Chicago Poultry and New Orleans Cotton Spot prices stand steady while U. S. government bonds close mixed. Cottonseed oil in New York and New Orleans shows modest moves with prices listed. Chicago cash grain and livestock report notes hogs, cattle, and wheats with varied daily changes.
New York stocks climbed to fresh record highs this week but slipped on heavy selling. Friday turnover reached 2,712,400 shares with 69 issues setting intraday records. Bullish momentum rode on easy money and dividend payments though steel orders, auto output, and poor railroad earnings tempered gains.
Savannah naval stores report shows turpentine receipts 1 742 and stock 23 054 plus rosin receipts 6 644 and stock 55 272 with quoted grades. Chicago butter and eggs notes butter prices across extras standards firsts seconds and storage packed varieties with declines from prior levels. St Louis cash grain lists cash wheat No 2 red at 1 50 and various corn and white wheat price points with multiple lots and grades.
Market report from Moultrie Georgia lists hog prices by grade with No 1 and No 2 packer hog categories. It notes daily corrections reflecting changes in the market and includes details on carcass and weight classifications.
Chicago market report notes Alabama and Texas displays strong prices for cobblers and Irish varieties. Wisconsin and Minnesota sackings highlight round whites with prices from 4.75 to 6.00, while Canada reports limited white varieties at 4.25 to 4.75.
Chicago market notes heavy rains delaying plowing while drought relief in Kansas and moisture benefits to wheat eased Wheat prices. Corn led with material gains, oats trailed, and provisions stayed weak as opening prices swung through the session.
New York reports a stronger cotton goods market with steady price advances. Buying remains moderate, mills fronting orders through June and July, many lines sold into fall. production stays strong, with some loans idle after orders expire. Prices in first hands show prints and linens at mixed fractions, denims and ticking ranges, and dress ginghams listed.
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