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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 20, 1930
Page
7
Markets at a Glance reports mixed activity with New York stocks and bonds weak to firm, cotton and sugar steady, coffee higher, Chicago wheat weak, corn easy, cattle steady, hogs weak to lower. Overall tone notes uneven demand and price movement across commodities and securities.
Chicago police located Time Bimbo known as the King of the Gypsies after three days missing. Friends feared a rival band might have kidnapped him for a title, but officers found him in a Lawndale district station cell following an overnight search.
New York and New Orleans cotton pits showed mixed moves with early advances reversed by selling as weak grain and stock signals weighed on sentiment. July futures hovered around 13.90 while December and October fluctuated, closing with modest gains amid renewed covering and late demand.
New Orleans spot cotton closed quiet nine points higher. Sales 483 bales, low middling 11.68 cents, middling 13.18, good middling 13.83. Receipts 459, stock 418708 bales.
Liverpool reports fair demand for spot cotton with higher prices. American graded goods show strict good middling at 8.71 and middling at 7.81 with total sales of 5,000 bales, receipts at 10,000 including 4,000 American. Futures closed steady with July at 8.32 and other months ranging 7.12 to 7.32.
As of Thursday June 19 the MOULTRIE HOG MARKET lists No 1 packers at 9.26 No 2 packers at 8.25 and roughs at 7.25 with price details from the market segment.
Liverpool weekly cotton statistics show imports at 54 000 bales with 11 000 American. Stock at 883 000 with American value 51 000. Forwarded 31 000 including 17 000 American. Exports 3 000 with American oil and sales 15 000 including 5 000 American.
Chicago market notes show poultry movement with 1 car and 27 trucks. Fowls 19 20, springs 30, broilers 225, roosters 14, spring ducks 17 19, spring geese 20. Butter prices steady at 19 102, unsettled. Wees 22 769 unsettled, various firsts and storage prices listed.
Chicago markets show potatoes steady around 3.00 with 940 total U S shipments and Ireland sacked varieties at 5.00 to 5.10. St Louis cash grain lists wheat at 99 no.2 red, corn at 79 to 83, oats at 39. New York cotton seed oil futures mix with various old and new contracts, end steady with prices ranging through 6.50 to 8.90 for different contracts.
New York sugar little changed with no sales reported and spots at 2.24 delivered. Refined sugar steady 4.60 to 4.70. Butter 16 703 steady and cheese 115 858 steady. Eggs 27 030 steady with mixed colors unchanged and henery white blends near 30 to 32 for nearby and extra 28 to 25 for average.
Savannah reports firm turpentine and rosin prices with steady sales and large stocks. Turpentine firm shows 49 percent sales 416 receipts 1094 shipments 690 stock 11248. Rosin firm 76 sales 3540 receipts 4540 stock 110288. Quoted prices include B 6.10 D 6.10 BF 5.10 25 IH 5.26 I £ 30 KM 5.40 N 5.65 WG 5.50 WW 7.00 X 7.10.
Coffee demand in New York remains light with Rio Number 7 at 914 and San tos Number 4 at 18 percent. New Orleans cotton and seed oil markets show steady tones with Summer season prices. listed futures include June 7.18 and July 11 with movements through August to December contracts at around 7.30 to 7.50 for crude and nearby grains.
The June 20 market report notes a sharp upturn followed by renewed bear selling and a midday plunge. A 2% rediscount rate cut boosted bond demand briefly, while stocks mostly fell and closed weak after erratic trading and heavy volume.
Chicago livestock market data shows Hog sales around 9.75 to 9.85 with few above 9.75 and steady to weak tone. cattle trade was narrow and uneven with top bids near 11.25 for slaughter steers, and cows priced 3.25 to 9.00 amid varied weights. The U S C A report notes lighter activity and selective grain fed animals maintaining higher values.
New York financial report shows money rates steady at 2 3/4 to 3 percent with advances for 30 to 60 days and 6 to 9 month terms. Prime commercial paper and bankers acceptances cited with varied periods and yields.
Chicago June 29 Otto Von Porat Norwegian heavyweight will have weight advantage over Young Stribling of Macon Ga when they meet in a 10 round fight at the stadium tonight. Stribling weighed 186 1 2 pounds and Von Porat 203 pounds. General John V Clinnin warned both to avoid stalling and fouling and purses may be held up. Stribling said his left hand is sprained but was examined and found in good condition.
New York June 20 Prices fell $2 to $14 a share on the New York Stock Exchange canceling much of yesterday's gains. Renewed bear selling drew interest from the ill effect of a sharp wheat drop in Chicago and the federal reserve rate cut to 2 percent.
Emmett Spicer of Memphis sped through the quarterfinals at Greensboro North Carolina in the Southern Amateur posting a 34 outward nine with three birdies to lead Berrien Moore of Atlanta three up at the turn Moore carded a 37 while Spicer showed a strong back nine to advance. Memphis rival T J White trailed Fred Webb the 15 year old sensation from Shelby North Carolina by one at the turn.
Norfolk Va June 20 The dirigible Los Angeles passed over Langley Field shortly after 10 in the morning moving in a southerly direction No information was available here on the flight’s nature or its destination.
In Montgomery Alabama commissioner Seth P. Storrs says tenants produce about sixty percent of Alabama cotton. He warns this could hinder plans to reduce cotton acreage and shift farming patterns statewide.
At 10:40 today the City of Chicago, piloted by John and Kenneth Hunter, stood halfway to the world endurance flight record with 210 hours aloft. The target is the St. Louis Robin’s 420 hour mark.
More than 2,000,000 persons cross the Eagle Pass Texas to Fiedras Negras Mexico bridge annually. The figure highlights substantial cross border movement and economic activity supported by the crossing.
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