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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 05, 1928
Page
4
Chicago markets show butter prices higher with creamery extras at 43 percent standards also 43 percent. Extra firsts 42 and 41 percent appear, while second grade ranges from 38 to 40 percent.
New Orleans cotton prices fluctuated as heavy overnight rain boosted early gains but selling and a forecast for fair warm weather pressured futures. July, Oct and Dec contracts fell from session highs before ending mixed and near session lows with small declines.
The market rebounded after an early money scare with many issues recovering losses and some rising 1 to 6 points. Call money opened at 6 percent amid abroad fund flows, while foretelling treasury financing. Trading showed volatile moves in high priced issues with a firm close and about 3.3 million shares traded.
Chicago notes mixed demand for new stock with a steady market. Barrels and sacked varieties show varying prices across states with Cobblers and Russets listed and regional differences in activity.
Chicago poultry prices show alive steady in early June trade with fowls 23 to 39 cents, springs 30 to 39 cents, broilers 27 to 30 cents, spring broilers 38 cents and geese 14 cents per pound.
New York sugar markets ease early with liberal offerings. A sale of 17 000 bags of Cuban sugar afloat to an outport refiner at 4.86 was confirmed late last night, with more bids at the same level this morning. Refined prices hold 6.05 to 6.10 for fine granulated.
Chicago grain markets opened lower as rain in the Canadian Northwest sent wheat futures down 1 to 2 percent. Corn and oats followed with declines then slight recoveries, while provisions held near steady amid a softer start to the trading day.
New York closing stock list shows Am. Steel Fdrys at 85 12 1 2 percent, Am. Car Fdy 102 1 2, Am. Tob. 159, Am. Wat. WKS 61, and numerous others with varied highs and lows. Commodities include wheat and corn with July and Sept quotations, alongside rail and industrial shares, and New Orleans spot cotton closes steady at 26 points down with slow middling at 19.88. Savannah naval stores report turpentine at 4714 and rosin at 1998 with stock tallies, while New York butter and eggs notes list steady dairy prices and egg values.
New Orleans market closed steady with prime summer yellow at 9.75, prime crude 8.50 9.00, January 10.10, August 9.90, September 9.96, October 9.97, November 110.00, December 10.06.
St Louis market report lists cash grain prices for wheat corn and oats with No 1 and No 2 classifications and assorted price figures from the day. The fragment notes No 1 yellow wheat at about 1.07 to 1.52 dollars and No 2 white oats around 0.70 dollars, among other entries.
New York June 6 George J. Whelan president of the Union Tobacco Company announced plans to distribute a stock dividend of about 7.5 million dollars among the companys jobbers and retailers.
Mercer University in Macon Georgia held its ninety fifth commencement with Dr Spright Dowell delivering the baccalaureate. 122 seniors were told to value preparation as the head of Mercer outlined his theory of personality success and education. Degrees conferred included Bachelor of Arts 76 Bachelor of Science in commerce 18 Bachelor of Law 17 Master of Arts 8 Doctor of Laws to John D Mell and Thomas Edward Ryals and Doctor of Divinity to Cox Tippett Johnson.
In Lewisburg Pennsylvania on June 5, major baseball leaders joined Bucknell University for the Christy Mathewson Memorial Gateway dedication. Attendees included Commissioner Kennesaw M. Landis Resident E. S. Barnard President John A. Heydler and officials from several major leagues to pay tribute to the renowned pitcher.
Bond market summary from New York on June 6 shows Liberty 8% at 100.9, other issues at 4% and 4% levels with fractional prices noted. Some entries appear garbled but indicate generic government bond quotes and closing values in dollars and thirty seconds.
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