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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 26, 1931
Page
8
Cotton futures advance in New Orleans and New York on June 26 amid favorable debt negotiations and stock strength. October and December hit new highs before partial reversals, with closing gains of 42 to 46 points. Seed oil also steady while markets show mixed movements across grains and livestock.
The Congregational and Christian Churches merged their denominations at the Seattle convention forming a united church body. Dr. Parks Cadman withdrew his candidacy for moderator as the consolidation moves forward. Co moderators Patton and another leader will serve until 1935 with one executive head thereafter. Foreign missions are already consolidated. The majority of members hail from the southeast and Mississippi Valley.
New York shares firmed to recovery highs as Paris and Washington optimism on war debt accord boosted markets. Steel and motor accessory stocks led gains with Youngstown up over seven points, while foreign issue Taiwan Power drew strong retail interest. Credit conditions eased slightly and consumer demand for vacation goods remained solid.
Chicago market report shows hogs 14 000 slow and steady with various weight ranges and prices from 7.00 to 7.76 for different pigs. Cattle sales around 1 500 with steers and cows priced across weight classes and feeders at 6.00 to 7.50.
Memphis Tennessee reports cotton seed futures with closing bids for July at 22.50 and Feb at 23.00, with a range through December. Cotton seed meal futures also rise, with closing bids around 22.65 to 23.26 and sales totaling 300 tons.
Chicago June 2 live poultry prices show hens steady chickens firm 2 fowls 16 broilers 1% lbs and up 19 under 1% lbs 17 fryers 28 springs 28 No 2 chickens 15 roosters 124% turkey 18-20 spring ducks 14-17 old 12 spring geese 16 old 8.
New York call money remained steady at 1 percent for the day. Time loans held at 14?1 percent for 60-90 days and around 1 3/4 percent for four months, with 5-6 months at 1 1/2 to 2 percent. Prime commercial paper unchanged at 2 to 2 percent. Bankers acceptances unchanged.
Liverpool notes a quiet spot market with seven point gains across grades. Sales reach 4000 bales, including 3200 American. receipts show 25000 American cotton. Futures close firmer with July at 6.39 and December at 6.54.
Potatoes 109 on track 226 total U S ship ments 1 155 steady on good stock trading only fair sacks per cwt. Bliss triumphs in Louisiana Arkansas Mississippi 1 50 1 55. few fancy 1 60 1 65. poor 1 25 up. Oklahoma Alabama Texas 1 40 1 50. poor 1 00 up. North Carolina barrel cobblers 2 50 2 60. few 2 65.
Savannah reports for June 26 show turpentine firm 4T41 51 sales 115 receipts 1 059 shipments 42 stock 38 637 while rosin firm - sales 919 receipts 2 962 shipments 1 stock 222. Prices quoted include B 4 10 D 4 40 EB 4 45 60 and others up to XS 7 90.
New York sugar prices were unchanged with raw sugar at 3.40 duty paid for spot delivery and no sales reported. Refined sugar also held at 4.55 for fine granulated according to market notes from June 26.
New Yor. June 26 Coffee market shows steady demand with Rio No.7 at 655-644 and Santos No.4 at 914-9% as per trading notes.
Virtually the entire government dredge Cumberland crew abandoned the badly damaged vessel after grounding near Fort Lauderdale. A navy tug and coast guard craft remain on scene as private tugs pull out after futile salvage efforts.
Dawsonville Georgia June 26 There is old fashioned honesty in Forsyth county when B R Taylor Jr a returning college graduate loses his billfold at the post office. Farmer Dishroon later finds it and after a long drive returns it saying you get your pocketbook back and I learn a new word.
In Cedartown Georgia county Policeman William J Wester was killed and Bailiff Thomas H Colbert wounded when officers approached a car with fifteen gallons of whiskey. Four suspects Lee Carter J C Carter Percy Carter and Ray Harris were arrested as investigators hunted a fifth believed wounded.
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