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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 07, 1930
Page
5
Cotton futures declined as favorable Southern crop progress and selling by locals pressured prices. July around 15.60 supported momentarily. October near 14.03, near day’s low. Open interest and weekend covering offered little demand, closing barely steady with 14 to 18 point losses.
The Examiner reports Los Angeles resident Charles T. Davis, a wealthy former convict from Dannemora New York, is the defendant in a $200 000 breach of promise suit filed by Miss Dano Morris. The paper notes Davis has past prison ties and links to Austin Davis son of a man who vanished after release from a New York prison.
The source states Charlie Davis, said to be the son’s father, previously served time for shooting and killing a detective accused of blackmail. Since moving to California, Davis has been living with his son and the son's wife.
Captain Charles Kingsford Smith hopes to take off on his attempted transatlantic flight tomorrow morning at 2 o clock if weather conditions at that hour are favorable He announced today The Southern Cross will depart this afternoon to test a two mile runway prepared expressly for the take off
New Orleans opened easier with losses of 1 to 7 points as favorable weather and stock weakness pressured futures. Cotton closed barely steady 14 to 16 points down, while Chicago grain prices showed minor moves and New Orleans spot cotton and oil prices fluctuated. Wall Street ended in a broad bear raid with heavy volume and notable declines across major issues despite a reportedly satisfactory inventory position.
Chicago potato market reports old stock steady with no sales. new stock weak yet trading fair. Bliss blends show varied prices from 3.60 to 4.00 and 5.80 to 4.00, North Carolina bliss around 5.25 to 5.60 for top grades and 5.15 for ordinary grades.
Chicago buyers faced a large run of cattle with fed steers and long yearlings 60 lower, fat heifers 50 off, heavy heifers down, and bulls weak. Vealers steady. receipts heavy as the week nears its peak. Hogs slow, down about 10 to 15 cents from Friday’s and last week’s levels. prices quoted for various weights range roughly from 9.75 to 10.30.
Chicago June 7 butter prices show unsettled trading with creamery extras 31 34 and standard 31 44, extra firsts 29 14 30, firsts 28 28, and seconds 26 27. Megs 22 370 firm with extra firsts 22 percent and fresh traded firsts 32 percent. Ordinary current receipts 19 19 44 storage packed firsts 23 and storage packed extras 23 34.
New Orleans on June 7 reports spot cotton settles 15 points lower. Sales reach 136 bales with low middling at 13.35, middling 14.85, good middling 16.50. Receipts total 3,210 and stock stands at 434,690.
Omaha Nebraska. World welterweight champion Young Jack Thompson knocks out Billy Wells of England in a non title bout.
Savannah report shows turpentine firm 421 with sales 358 receipts 725 shipments 36 stock 19057 while rosin firm reports sales 4.84 receipts 2291 shipments 1059 stock 9495. Price quote BS 26 D 5.60 EB 6.70 FGH 1 Pm 30 Jupat M 5.90 N 6.05 WG 6.35 Ww X.
In New York on June 7, cotton seed oil closed steady with various contract prices listed. Prime summer yellow 8.30, prime crude 6.8714 to 7.00, several new contracts and old contracts across months from January to December. Sales included 29 old contracts and 3 new contracts.
Chicago market notes on poultry figures dated June 7 show alive fowls 21 broilers 20 to 23 springs 30 roosters 1334 turkeys 18 spring ducks 1644 to 1744 spring geese 20 across four trucks with steady activity.
In the National League games the New York and Brooklyn areas hosted Chicago, Pittsburgh and Boston with various scorelines and home runs by Ott Doubit Wilson Zachary and others. The American League shows Boston Detroit Philadelphia Chicago matchups with listed pitchers and scorers including Russell Berry Grove Cochrane Thomas Autry.
Belmont Park New York June 7 Gallant Fox owned by William Woodward ridden by Marie Sande won the 80000 Belmont Stakes in heavy going to claim the American turf three year old championship. Whichone finished four lengths back as Whichone was tipped favorite at 4 to 5 with Gallant Fox at 6 to 4 in a four horse field after Flying Gas was scratched.
Georgia Tech will graduate its first naval reserve officers during Monday’s exercises alongside army officers from the ROTC unit. Established in 1926, the naval school will confer diplomas on 67 army reserve officers, with Maj. Gen. Frank McCoy presenting the diplomas. The naval cadets depart next week for an annual cruise.
Eddie Miller of Gadsden Alabama won the Southern Professional Golf Association medal play championship in Nashville by 289 to 291 over Charlie Hall of Birmingham. Arnold Mears finished third with 296 while amateur Sam Perry of Birmingham led with 300.
Sixteen Los Angeles business and professional men indicted for alleged conspiracy to commit usury in connection with the wrecking of the Julian Petroleum Corporation were today cleared of the charges.
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