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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 06, 1931
Page
7
New York stocks weak and bonds irregular as curb and foreign exchanges show uneven activity. Cotton and coffee report holiday conditions, Chicago wheat easy, corn barely steady, and other notes indicate overall muted trading across markets.
Cotton futures in New York on June 6 slipped about 4 cents per pound as selling intensified amid overseas weakness and favorable weather. Trade packed a scale down while demand remained limited, the market closing barely steady near the day’s low with losses of around 4 to 7 points and a volatile range across multiple contracts.
New Orleans cotton prices fell in weekend trading as slow Liverpoo cables and favorable weather outlook pressured futures. Declines ranged 20 to 23 points, with spot trades near 8.35 middling and contracts closing near session lows for the day.
Liverpool spot cotton shows fair demand with prices down ten points. American middling grades range from 4.83 to 5.08 cent, with 10,000 bales sold including 1,400 American. receipts also 10,000. Futures closed barely steady with July, October, January, March, May, and July contracts listed around 4.58 to 4.91.
New Orleans spot cotton closed 20 points lower on June 6 with sales 205 bales. Low middling 7.09 cents, middling 8.09, good middling 8.59. Receipts 141, stock 656720.
Friday June 5 1931 hog market reports No 1 packers 5.50 No 2 packers 5.00 No 1 pigs 4.50 No 2 pigs 4.50 Roughs 4.00. St Louis cash grain quotes 76 for wheat 74 hard 67-68 for corn. Savannah turpentine and resin prices firm with varied lots. New York and New Orleans cotton seed oil weak to dull with crude and summer yellows in play. Chicago butter eggs and potatoes show mixed prices and steady inventories.
Charles Obietes confessed to police that he killed Brooklyn speakeasy owner Andrew Zubenski on March 25 and dismembered the body, scattering parts around Brooklyn. He implicated Zubenski’s wife Lena and named another linked murder, while denying her blanket denial and awaiting further questioning.
Cattle numbers 400 with yearlings up about 1.00, medium weights and heavy steers easing late to around 25 higher. Hogs 6,000 head, market steady to 10 lower. best 160-240 lb hogs 6.30-6.40, top 6.40. Weights and classes vary, special gains seen in desirable midweights and weighty beeves.
Chicago poultry markets report a steady tone with four trucks active. Fowls range 1734-184, springs up 3 pounds, broilers 21-24, fryers 28, roosters 12 percent, turkeys 20-23, spring ducks 19, spring geese 19.
Memphis Tennessee June 6 cotton seed futures remained dull with closing bids for June at 21.60, August 21.50, September 21.40, November 20.85, and December 20.00 amid overall quiet markets and sparse sales.
New York stocks weakened after weekend profit taking with 700000 shares traded. Declines spread across sectors, rail stocks hardest hit as U S Steel, American Telephone, Nor th American and others fell 2 to 3 points. News was indecisive with bank clearings and Youngstown Steel index mixed. investors awaited clearer signals as plans for rail freight rate hikes kept sentiment lukewarm.
Paris June 6 American touring mayors spoke from Mount Vernon at the Intercolonial Exposition. Each delivered about ninety seconds sending greetings home and boosting their towns. Ruth Key, 18, spoke for her father Mayor Key of Atlanta as the only woman on the program, joined by C Bascom Slemp Senator Goff and Maurice Bellonte.
Secretary Mellon announced that coupon bonds will be issued in new large denominations. From the three outstanding issues the 100000, 5000 and 10000 denominations will be available only in exchanges of like face value. The move adds convenience for holders of treasury bonds.
National Editorial Association members visited Macon Columbus Montezuma and Americus with tours of sites and dinners. Albany hosts a Radium Springs dinner while leaders from the Macon Telegraph and News helped organize the program and reception. They traveled from Atlanta through Warm Springs and Columbus, ending the day in Albany.
The New York Times reports religious instruction to join the public school curriculum starting September with Bible classes in two high schools. The plan stems from the inter faith committee's campaign and awaits approval by the assistant state commissioner of education. Theodore Roosevelt High in the Bronx and Manual Training High in Brooklyn are named as starting schools.
The list records jurors drawn for the June term 1931 of the City Court of Thomasville Georgia by Judge H J Macintyre. Names appear for first and second weeks including D M Shelly Ward Manley S D Tittle J B Akridge C R Simmons T C McKibben A M Wilson S A Baxley J H Law W O Harrison D J Maddox A Mims R L Walker D E Tuck H A Parker J C Minter Frank Megahee R G Keyton C C Wurst W G Moran V E Hancock N M Beckham Co C Pittman C J Norwood W T McMath F W Broome W T Ellis 8 Cromartie L B Kennedy E A Dawes W A Davis Co H Jones Richard Mitchell R J Brown H L Kennedy E T Barrow Wade H Johnson J Bulloch T E Megahee J A Bowers M L White N W Chism W A Taylor Jr Second Week L H Wall B C Blanton a G Hancock W Lewis Wilson J F Bowman W C Williams John R Ingram R L Braddy J E McKinnon W T Cheshire Co McGraw Co F Thompson B H J Carter P BE Plant W L Smith Jesse Brown H A Pinson R W Lawhorn J W Hall Jr 8 D Clark J A Johnson J P Wilson Mathew Key 8 J Gwaltney W B Garrison W H Hurst E F Patterson E P Clay H H Redding J F Williams F W Eidson Co O Griffin A B Carlton J C Griffin Homer Williams J W Cone A H Baker T N Hough A E Speer W A Hewell Scott Knight Duncan Bickley G A Adams T G Floyd
President Green of the American Federation of Labor denied rumors of a ten percent wage cut saying the federation will not lower the wage scale. Secretary Doak called the report foolish and affirmed support for maintaining current wages amid circulating rumors of wage reductions.
Grigleraville Virginia June 6 6 The new autogiro plane carrying one Aismas and Aeat Bese lands safely in Virginia today amid official reports of a smooth runway touchdown and no injuries recorded by local authorities
Ingalls piloted the windmill ship in one hour and 17 minutes with two escort planes overhead. He circled above the President’s camp before achieving a perfect landing between two mountain ranges.
St. Joseph Missouri June 6 Paul C Wolman commander in chief of the Veterans of Foreign Wars charged that the federal government profits from adjusted compensation legislation. He said he would present proof to the senate finance committee and house ways and means committee that the government borrows at 1 to 3 3/8 percent and lends to veterans at 4 1/2 percent. He criticized Andrew Mellon of the treasury for opposing the compensation bill at a chamber of commerce dinner attended by about 400 people.
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