Wall Street Mixed as Call Money Edges Higher
Stocks slide and rebound amid midyear call money stringency with volume expanding. Major rails gain and high price leaders reach new peaks while some blue chips slip on the late session.
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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 24, 1929
Page
6
Stocks slide and rebound amid midyear call money stringency with volume expanding. Major rails gain and high price leaders reach new peaks while some blue chips slip on the late session.
Three youths were shot while gambling on a Chicago schoolyard as three armed men robbed the dice game and escaped in a car. Victims include Jack Tokowitz 15 Louis Tokowitz 18 and George Rodomisky 19. Police later raided a second dice game at another grammar school as authorities pledged action to stop using school property for games of chance.
Funeral services for W. L. Sullivan editor of the Waynesboro True Citizen who died last night in Augusta will be held this afternoon at the Presbyterian church. Rev. G W Tollett to conduct the services.
Harrison Ark June 24 The Rev M B McEntire Baptist minister arrested with 19 others in three county raids denies any liquor business ties insisting the arrest is a trick He faces charges of possessing selling and transporting liquor and was released on a $1000 bond
Pallbearers will be selected from the Knights of Pythias the Masons and the Rotary Club to which he belonged.
New York and New Orleans markets show modest advances on July contracts aided by spot demand and forecasts of showers. Overseas and midafternoon liquidity fluctuates with active months up slightly before renewed liquidation. Cotton futures end steady to net higher with spot prices mixed and varying by region.
Chicago market report shows poultry pricing on June 24 with alive and steady values for fowls at 24 to 25, springs at 38, broilers 34, roosters 20, turkeys 22 to 30, ducks 17 to 20, spring ducks 20 to 26, geese 14, and spring geese 25.
Market report from New York on June 24 shows egg prices for various grades. Fresh gathered extra and first grades command higher rates while nearby hennery white and brown varieties fetch lower to mid premiums. Pacific Coast white prices range around 39 to 40 cents with extra firsts near 38 to 39 cents.
New York poultry market quiet on June 24 with live broilers at 25 to 45 cents per pound, roosters 19 to 20 cents, turkeys 25 to 35 cents, and other items not quoted.
Chicago livestock results show hog receipts at 45 000 with strong gains up to 10 cents higher. top hog price 11.25 and typical 170 to 250 pound hogs 10.95 to 11.20. Cattle receipts 18 000 with steers 25 cents lower and best 1300 to 1500 pound class 14.00 to 15.50, lighter 950 to 1100 pounds 13.75 to 16.60, cows 900 to 12.00, beef bulls 10.25 to 11.50, milk fed 13.00 to 15.50.
Raw sugar held at 3.52 per cwt duty paid with no sales reported. Refined sugar quotes stood at 4.85 for fine granulated in New York for June 24 trading.
In New York on June 24 butter held steady while creamery values rose above extra 14 to 4414, with other grades 88 to 91. Cheese prices remained steady for whole milk flats, with fresh fancy and fancy special at 24 to 25, and held at 27 14 to 29 percent.
New York on June 24 reports poultry prices with fresh chickens at 30 to 46 cents per pound, fresh fowls 24 to 33 cents, turkeys 25 to 45 cents, and frozen offerings at 30 to 46 cents per pound. Irregular dressed poultry noted.
Chicago reports a steady potato market with southern sacked bliss at 1.50 to 2.00 per unit and North Carolina barrel Irish Cobblers at 3.50 to 4.00. East shore Virginia barrel Irish Cobblers bring 4.50 with old stock trading slow and market dull. Wisconsin shelled round whites quoted 40 to 55.
Liverpool cotton markets show a quiet spot with lower prices across grades. American staple values move from strict good middling at 10.96 to good ordinary at 8.81, with 6,000 bales sold. Futures closed steady with July to May around 9.81 to 9.89.
Chicago price trends show wheat advancing after heavy rains in the harvest belt and moisture shortages in drier districts. Corn opens up and holds near early gains while oats ease and provisions stay steady with varied futures quotes across July September and October contracts.
The Moultrie hog market in Georgia lists daily prices from Swift & Company. No 1 packer hogs and No 2 packer hogs are recorded with updated figures reflecting market changes.
New Orleans June 24 steady closing on cottonseed oil with levels for prime summer yellow at 8.40 and prime crude at 7.50 to 7.75. Futures listed include January 8.85, July 8.61, August 8.55, September 8.73 and October November December 38.80.
Cash grain quotes from St Louis dated June 24 show No 3 red wheat at 1.21 to 1.22 and No 2 hard at 1.15 to 1.16. Corn No 2 yellow 96 to 96 1/4, No 3 95 3/4 to 96 1/4, No 1 white 98 1/4, No 2 white 98 1/2. Oats No 3 white 45 1/4 to 45 1/4, No 4 A 4 to 4 4.
New York discount closes show Liberty 314s at 98 and First 414s at 98.28. Fourth 414s at 99.7, Treasury 3s at 100.2, Treasury 4s at 103.18, and Treasury 4 1/2s at 107.1 as of June 24.
Cottonseed oil closed steady in New York with prime summer yellow at 9.55 and prime crude 7.50 to 7.75. Futures for January 9.82, June 9.55, July 9.53, August 9.65, September 9.72, October 9.77, November 9.70, December 9.80. Sales reported at 18,000.
New York June 24 steady coffee spot with moderate demand. Rio No 7 at 16 percent, Santos No 4 at 23 percent.
Savannah reports turpentine and resin firms with daily sales receipts shipments and stock totals. A price table shows bids from B to X with various values. Illinois leads the nation with rural free delivery routes at 2 578. France builds three hydroplanes for Schneider Cup races. Indiana graduates 4 701 students in June.
John Martin, 18, of Marietta Ga, spent five hours pinned beneath his overturned automobile near Vinings after a tire blew out. He was hospitalized in Atlanta in severe shock with a fractured rib as his main injury, rescued by passersby who attracted help.
A Commerce Department study estimated that international payments between the United States and foreign nations in 1928 exceeded 21.6 billion dollars. Credit items reached 10.648 billion and debit items 10.608 billion, with the U.S. gaining large surpluses from goods exports and investment income.
Deal New Jersey June 24 George T Dunlap Jr of Princeton led early finishers in the opening 118 hole round of the intercollegiate golf championship with a par 72 He went out in 37 and home in 35 Maurice McCarthy Georgetown defending champion shot 74 two behind Dunlap and one stroke better than William R Pond Princeton with 75 Tommy Aycock Yale Jacksonville Florida and Koy finished in the 80s with 39 41
Cedartown Georgia June 24 G T Green of Decatur Ga died here last night from wounds suffered early yesterday during a gun battle between officers and robbers who looted a store at Aragon Police said Greer had driven to Aragon to visit his daughter He arrived during the clash and was struck by a stray bullet
Atlanta June 24 Butler Toombs director of Vital Statistics warns during swimming and thunderstorm season that 150 deaths last year from drowning and lightning can be reduced by simple precautions. He urges lifeguards on unattended pools and warns against sheltering under trees during storms. Stay indoors away from drafts until the storm ends to minimize danger.
A man died several hours after a hospital arrival following a store robbery. One of the three robbers was captured at the scene, while the other two escaped.
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