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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 23, 1930
Page
4
Cotton futures eased on June 23 amid stock and grain weakness, with outside market weakness tempering sentiment. Prices recovered late as heat in the central and eastern belts supported gains, while New Orleans spot cotton closed modestly lower with low middling at 12.66 and good middling at 13.31.
New York butter and cheese figures dated June 13 show butter at 7 834 steady with creamery prices higher than extra and scores around 92. First class 88 91 scores at 30 32 percent. Packing stock and current make numbers listed. Cheese total 295 798 steady with whole milk flats and fancy to fancy special ranges 18 18 percent.
New York reports steady coffee trading as Rio No 7 and antos No show quiet activity. Market mentions 93g lots amid subdued demand and limited price movement.
New York on June 23 reports eggs at 16 870 steady with mixed colors and nearby hennery brown and white flocks. Prices show multiple grades and pack types, including extra first and first categories, with Pacific Coast white extras also listed.
New York call money and time loan rates remained steady with calls at 2 percent all day. Time loans for 30-60 days quoted at 244-8, 90 days at 226-2, and 4 to 6 months around 3 1 % to 4 %. Prime commercial paper at 314-344. Bankers acceptance unchanged with 30 days 214-2, 60-90 days 244-2, 4 months 244-244, and 5-6 months around 24g-214.
New York cotton seed oil closed steady with primes for summer yellow at 8.15 and prime crude at 6.50 to 6.75. The report lists future months from January to December with various price points and notes sales of old contracts at 49 and new contracts at none.
New York on June 23 reports dressed poultry prices with ranges for chickens and fowls in fresh and frozen states. Turkeys and ducks show varying prices, with fresh and frozen listings included.
Newark notes live poultry steady on June 23 with broilers sold by express 18 to 40 cents, roosters 20 to 25 cents, turkeys by express 20 to 25 cents, others not quoted.
Raw sugar remained unchanged with 36 000 bags of Cuban in store at Norfolk for an outport refiner at 3.24. Refined sugar held at 4.60 to 4.70 for fine granulated.
Savannah stores publish June figures with Turpentine firm showing sales 41, receipts 469, shipments 102, stock 11430 and Rosin firm with sales 639, receipts 1675, shipments 355, stock 10173. Prices quoted include B 5.50 D 6.50 F 5.50 G 5.50 H 5.50 I 5.50 K 5.50 M 6.50 N 5.75 WG 6.00 WW 7.10 X 7.10.
Chicago hogs 45 000 mostly 25 lower top 9.60 few loads of 180-240 lbs. Butchers 160-300 lbs. 8.75-9.60. Cattle 13 000 underwhelming market with weights 950-1500 lbs. Steers 1100-1500 lbs 10.25-12.50. Cows 4.50-9.00. low cuts 3.25-4.50. Undertone weak with too many cattle.
Cotton spot in fair demand with prices for American and other grades listed. American 2600 of 4000 bales sold. receipts 2090 with 1000 American. Futures closed quiet with July through May and July 1.0 noted.
Butter prices remain steady with 19 525 pounds traded and creamery grades showing slight shifts from 32 to 30 percent. Eggs quoted at 24 616 units with prices unchanged. current receipts and storage packed items also steady across various grades.
Wall Street opened with heavy selling then steadied and rallied midday on short covering. U S Steel Radio and American Telephone fell to yearly lows before recovering. public interest focused on federal reserve banks and weekly condition statements. Wheat prices slid to 89-90 cents for No 2 hard while cash grain aligned with stock trends.
Memphis Tennessee June 23 cotton seed futures closed as trading winds down with June bids at 32.50 and July 32.00 against later months. Prices for cotton seed meal futures firm with June bids at 22.50 and July 25.00. Sales totaled 1200 tons.
New York June 28 stock market averages rebound after three weeks of declines. Early selling absorbed and stocks rose gradually with some issues up to $5 and others over $10. Trading remained volatile as bears and bulls battled for direction amid a wave of selling and partial rallies.
The article details the Grove regiment’s long history tracing back to 1777 with members from the Revolution War War of 1812 World War I II and plans for Mexican and Spanish American war recognitions. Records were destroyed in Savannah during the Civil War prompting photo static copies and copies of medals orders and newspapers sent to Washington.
An anonymous official quoted by Le Peuple says European states are negotiating on effects of the new U S tariff. Louis Debrouckere of Belgiums Labor Party urges concerted action to seek item cuts, predicting the tariff will push European solidarity.
F B Wilkinson tobacco specialist for the U S Department of Agriculture will attend a field meeting at the Coastal Plain experiment station on Thursday June 26 to explain the tobacco grading service for Virginia and Carolina markets. EB C Westbrook says three Georgia markets will be chosen to receive the service this year and it helps farmers obtain maximum prices. Tobacco at Tifton was not harmed by recent storms.
Sir Arthur Stanley Eddington addresses delegates at the world power conference in Berlin on June 23, arguing the universe is collapsing by its own actions. He notes vast power potential if scientists harness this self destructive process, presenting a vision rather than alarm.
King Alfonso of Spain is expected to arrive in London today as political tensions mount in Spain. The Manchester Guardian runs a deliberative foreign affairs editorial examining the monarch’s visit and its possible implications.
An Inman Drug Company advertisement promotes Fitch's Dandruff Remover Shampoo as a double purpose hair wash that dissolves dirt and dandruff without smell or salves. It guarantees results from a Thomasville Georgia druggist.
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