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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 10, 1933
Page
7
Cotton markets in New Orleans and New York showed volatile activity. Prices rose on Senate aid to retire cotton acreage but reversed later due to hedge selling and profit taking, with July around 9.17 in New Orleans and around 9.49 in New York as markets closed barely steady.
House and senate clash over income tax changes and tax exemption removals for securities. Contested provisions include publicity of returns and labor code restrictions. Conference options split: house favors higher rates and gasoline tax. senate proposes net worth levy and dividends tax, with continued excise taxes yielding about $400 million yearly.
A Senate Military Affairs sub committee approved a report stating that the $140 paid to BeVier and Company of New York for toilet kits supplied to reforestation camp workers was a fair price but too large an amount to spend overall.
Washington reports June 8 receipts at 6 049 182.59 and expenditures of 13 397 810.60 with a balance of 292 889 642.64. Customs duties for eight days in June totaled 5 860 812.45.
Bank in Coolidge Georgia files its May 31 1933 statement with the superintendent of banks. President Boykin Harrison and cashier A P Mueghade certify the report as true and correct with assets totaling 128 987 73 and liabilities 126 987 73 including loans deposits and real estate holdings. Directors attest to accuracy and oath taken in Thomas County Georgia.
Gov Talmadge orders creation of a state prison commission as the budget controversy grows. Commissioner Wilhoit from Warrenton joins the governor and informs Chairman Barnett of his support after telephone talks. Vereen of Moultrie also signals agreement following a telegram from the chairman. The row has halted Road Board funding since the governor removed engineers from the budget on April 1.
The dispute centers on the governor’s right to approve or reject budget details for any department. Section 7 requires quarterly requisitions 20 days before each period, with the governor approving all requests or noting exceptions. Approved allotments go to the state auditor, who governs expenditures accordingly. Transfers need written governor approval.
Chicago grain and provisions list grain and seed prices for wheat corn oats rye barley timothy and clover with bid ask ranges and closing figures. Wheat No 2 red 77 14 No 2 hard 75 4 percent mixed corn 43 45 percent old yellow 15 percent oats No 2 white 28 No 3 white 27 14 rye No 2 62 1 barley 31 58 clover seed 7 50 11 75 per cwt.
Moultrie Ga June 10 hog market prices list prices per weight class for Hogs Neer 240 lbs and up at 3.40, No 1 160 to 240 at 3.65, No 2 140 to 160 at 3.40, No 3 120 to 140 at 3.15, No 4 100 to 120 at 2.90, No 5 60 to 100 at 2.65. Sows and stags both at 2.90.
Chicago markets show butter at 19 406 steady with creamery specials 22 to 23 percent for ex tras 92 and extra firsts 90 to 91 in 22 to 23 ranges. Eggs at 28 790 unsettled with various grades including extra firsts 11 percent graded firsts 14 percent and current receipts 10 percent.
Chicago price notes dated June 10 show live poultry demand weak with 12 trucks. Hens at 94 percent, leghorns around 8 percent, roosters 844, turkeys 10 to 13, spring ducks 6 to 7, olds 5 to 6, geese 6 to 44, leg ham broilers 11 to 13, rocks 16 to 18, colored 15 to 17.
New York poultry prices show dressed poultry weak with fowls fresh and frozen at 11 to 16, other grades unchanged. Live poultry steady with no freight quotations. express rates and chickens and fowls remain unquoted.
Turpentine firm totals show 40 sales, 431 receipts, 2 442 shipments, and 11 220 stock. Rosin firm reports 1 556 sales, 2 215 receipts, 7 414 shipments, and 110 4 stock. Quotations listed for various grades from B to X with 3 20 to 3 75.
Bleachable cotton seed oil futures in New York closed steady with spot at 5.45B and near contracts ranging from 5.57B to 6.71B for several months. Volume noted as 45 contracts with bids from B-Bid.
June 10 foreign exchange figures show Great Britain at 4.13 dollars with cables at 4.1334 and 60 day bills at 4.12 percent. France 4.81, Italy 6.3644, Belgium 17.05, Germany 28.75, Holland 49.15, Norway 20.90, Sweden 21.30, Denmark 18.45, Switzerland 23.60, Spain 10.45, Portugal 3.74, Argentina 3.31, Brazil 7.64, Tokyo 26.00, Shanghai 26.75, Hong Kong 29.8744, Mexico City 28.10, Montreal in New York 89.75, New York in Montreal 110.265. N nominal.
Raw hide futures closed higher with June at 12.50, Sept 13.20, Dec 13.45, and March 13.66. St Louis cash grain lists No 2 red wheat 77 to 77.34, No 2 yellow corn 44 to 45, oats 29, with July corn 46. New Orleans cotton seed oil markets show steady trade with futures from 4.55 to 6.28 across months and primes in the 4.12 to 5.37 range.
The market closed moderately irregular after a brief session with profit taking offsetting rising tendencies. Volume totaled about 2.5 million shares as U S Steel backlog optimism met freight loading gains and a broad array of utilities rose while several industrials fell.
New York bonds show closing prices in dollars and thirty seconds. Liberty 3 8 22 47 at 102.17. Liberty 1st 4s 32 47 at 102.10. Treasury 4s 47 52 at 109.29. Treasury 3s 46 56 at 104.16. Treasury 3 38 40 43 June at 102.5. Treasury 3s 43 47 at 102. Treasury 33s 41 43 March at 102.8. Treasury 3s 46 49 at 100. Treasury 33 51 55 at 98.23.
Chicago cattle and hog prices mixed from week to week. Cattle fed steers and yearlings traded mostly 50 lower with best 1,400 lb steers around 7.30 and bulk 5.00 6.60. hogs steady to lower, 140 160 lb pigs 3.75 4.36, light weights 4.15 4.60, sow prices 3.60 4.20.
New York on June 10 reports eggs steady with 36 943 Begeys, all mixed colors including whites and browns unchanged.
New York wholesale dairy prices show butter at 10 624 steady with Creamery extra 92 score 2214 first 87 81 scores and cheese at 84 931 steady unchanged reflecting a quiet market today.
The American freighter Arizon arrived in Boston with a crew of 60 after fighting fire in hold No 4 for nearly 60 hours. The crew endured near exhaustion as the danger had persisted, and the ship docked today with all hands accounted for.
Washington June 10 The senate finance committee chair said the industrial revival bill conference likely would drop the Clark amendment that would end tax exemption on government state and municipal securities The amendment to tax all exempt securities was adopted 43 to 37 amid bond market concerns voiced by lawmakers during conference talks between the senate and house.
Washington June 10 the senate quickly approved the house measure to consolidate all farm credit agencies under one head and create a revolving fund of 120000000 dollars to start operations aimed at speeding adjournment.
Investigators plan fall actions into Kuhn Loeb and Company and Dillon Reed firms as Morgan inquiry nears closure. J P Morgan defends client services against what he calls unjust criticism while lists show Johns Manville stock sales below market prices.
J P Morgan issues a sharp denial that Morgan & Co’s client lists signaled political ties. He says subscribers were chosen for business relations not political reasons and that the bank did not seek favors from public officials. He cites three generations of banking reliability and customer trust.
New York June 1044 The rising business curve and dollar depreciation tied to gold keep speculative appetites high in this week’s stock market. Grains and cotton respond to weather and crop news more than inflation fears. Rails face pressure as divident cuts and reorganizations slow them. utilities lead with solid gains. Domestic debt concerns remain a blurred factor in a bull market, while inflation risks appear muted. Steel output soars about 150 percent from a low. electric power and car loading rebound strongly. June auto sales expected to beat May.
Atlanta June 10 178 negroes are listed among about 6000 Georgians in southern forestry or army conditioning camps. The negroes are housed separately and will work on separate projects at Fort Benning Fort McClelland and Fort McPherson with counts 121 35 and 22 respectively.
Washington reports the Bankhead amendment to the relief bill paves the way for retiring about 30 percent of the south's cotton crop this year, up to 10 million acres. Secretary Wallace would lease land and offer options on 2.5 million bales, with six cents a pound rentals and a government-backed parity plan.
New York June 10 C V Whitney's The Dark was an 8 to 5 favorite to win the 65th Belmont Stakes at Belmont Park. With Broker's Tip Head Play and Mr Khayyam absent rivals were weak, and ten probable starters would push the purse toward 68000 with 45000 to the winner. Dynastic Nimbus Utopian Pompoleon Repaid Dark Winter and San Apollo also named to oppose the favorite.
Georgetown S C June 10 A dozen guests reach safety when the Mar tine Hotel a two story frame structure burns in a two hour blaze that threatened downtown. Fire origin is unknown and a two hour battle ends the blaze.
A dense puzzle list of across and down clues with varied answers from wander, traders, raise in rank to life, breath, weather terms, numeric hints, and cultural references arranged as a winter vehicles themed crossword. Includes historical term sparingly and banked by a long clue set with several two or three word entries.
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