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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 29, 1928
Page
6
Market brief covers Moultrie hog prices with No 1 and No 2 packer hogs and roughs, plus a wide list of other commodities. It notes New York sugar, butter, poultry, Chicago grain and provisions, Savannah naval stores, and a broad New York stock list with many named companies and prices.
Liverpool reports a quiet spot market with higher quotes across grades. American bales accounted for most sales while receipts include a fraction of American cotton. futures closed barely steady with July at 11.89 and several months around 11.5 to 11.6.
In Chicago a livestock report shows hogs traded at top 10.80 for 200 to 250 lb choicer animals with other weights around 9.75 to 10.80. Sows ranged 8.50 to 9.65. Cattle saw slaughter class steers 1300 to 1500 lb at 14.00 to 15.25 with 1100 to 1300 lb at 14.00 to 15.25, and cows at 9.75 to 12.00 while good to choice heifers under 850 lb ranged 13.50 to 15.25.
The New Orleans cotton market showed reduced activity with mild declines on dips but notable short covering late in trading. Futures closed steady with a net decline of 17 to 21 points as trade bought on dips and some weekend covering emerged amid mixed commodity notes.
In New York trading June 29 the cotton market advanced early on Oct contracts to 22.87, up 18 points, then fell back as reactions emerged. By mid afternoon the market posted net declines of 7 to 10 points, futures closing barely steady 15 to 20 points lower with spot quiet at middling 22.80.
Eight percent call money briefly checked a rally on the New York Stock Exchange as rates rose to 8 percent. Early gains faded, then buyers absorbed offerings and prices drifted higher led by Du Pont, Radio and Wright Aeronautical with several firms hitting new year highs and total volume near 2.5 million shares.
Chicago grain prices show No 4 red wheat 1.54 with other wheat and corn figures. oats and barley also listed. New York cotton seed oil closes easy with several month prices. New Orleans seed oil and spot cotton move with mixed holdings and receipts data.
Morris Rich founder of M. Rich and BrothersAtlanta department store died in Atlantic City New Jersey at 81 after months of ill health. He established the company in 1867 and served as board chairman though inactive in business for over a year. He leaves a widow two daughters a sister and four grandchildren.
President Coolidge awakens in Superior to news that Governor Alfred E. Smith of New York has been nominated by the Democrats for president. He learned of the Houston convention outcome largely through newspapers and, adhering to precedent, avoided using the Cedar Island Lodge radio set during the event. He plans a day involving a visit to executive offices and fishing on the Brule River.
Score by innings shows New York and Philadelphia tied at a rough 1 1 0 in a rain interrupted day. Batteries Pennoch Collins Ehmke Foxx for the Yankees and Athletics duo. Cleveland and Chicago each tally two runs with Grant L Sewell Faber Crouse handling pitching. Washington Boston and St Louis Detroit games listed as rainouts. National League Chicago Cincinnati game action obscured by garbled text with Root Hartnett listed in batteries.
H Gordon Duval president of the Park Avenue Association and social figure died after mistaking his apartment elevator door for a bathroom door and falling thirteen floors. The elevator bathroom and bedroom doors were described as close together and identical in appearance.
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