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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 29, 1940
Page
7
The article traces Balbo as Mussolini’s potential successor, noting his Libyan posting after a famed flight to the United States that boosted his popularity. It suggests Balbo’s removal from the capital’s glare to curb political shadows amid Mussolini’s inner circle.
Paris and London report French leader Charles de Gaulle estimated German captures at 358000 in Flanders and 600000 in the battle for France with about 60000 killed 100000 wounded 300000 injured. He blamed tanks supply disruption impassable roads and ammunition shortages for the French defeat.
The article traces Italo Balbo’s rise from WWI hero to key fascist leader under Mussolini. It notes Balbo’s early alliance with Mussolini, his role in forming the black shirt militia in Ferrara, and his ascent to senior posts including under-secretary for air and air minister.
A compact market brief notes irregular New York stocks with waning demand for leaders, mixed bonds over a quiet weekend, unsettled foreign exchange, soft cotton under hedge and Bombay pressure, quiet metals with copper price improvement, easy wool tops with trade and commission house selling, and Chicago wheat and corn lower while cattle and hogs hold steady.
Chicago livestock prices show steady hog values with good lots at 210 to 249 pounds selling 5.60 to 5.65 and heavier 280 to 295 pounds at 5.25 to 6.06. Barrows and gilts 25 to 40 higher. packing sows up 20 to 35. Cattle dull calf numbers, fed steers and yearlings up about 50 with strong bidding. beef cows higher, light canners and cutters stronger, bulls 15 to 25 up. Demand improves late week as holiday buying stirs activity and fat steer market remains competitive.
In New York June 29 buyers stepped back as politics business and European war weighed on sentiment. The market closed uneven with many leaders down about a point or more and roughly 200000 shares traded over two hours. Leading stocks included Santa Fe Pennsylvania Great Northern American Telephone Consolidated Edison Public Service of N J and others. steels showed weakness amid next week’s military ops doubts.
Bleachable cottonseed oil futures in New York closed modestly mixed with July at 5.98, December at 6.18, and January at 6.21. Sales totaled 24 contracts with bids noted as B-bid.
Butter in Chicago on June 29 held firm at 1,234,010 with no change in the market. Eggs totaled 16,701 with a steady price level and no market shift.
Southeastern Packing Plants across Albany Columbus Moultrie Thomasville and surrounding Florida facilities received about 600 hogs mostly in shipments. Prices held steady with composite quotes for 180 to 240 lb hogs from 9.00 to 5.25 per cwt and lighter weights from 3.25 to 4.25 for various classes.
Thomasville Ga June 29 The agricultural marketing service reports prices steady across the southeastern area with stocker activity boosting trade. Cann er and Cutter grades dominated slaughter and stocker cattle were mostly Common. calves and yearlings sold from 4 to 8 dollars with some higher for selected lots.
The report states Romania will surrender Bessarabia and northern Bucovina to Russia without opposition, while Axis powers influence grows. Soviet advances claimed toward Dorohio and Botoshani, and King Carol takes protective steps as Hungarian Bulgarian tensions ease.
Cotton futures in New Orleans closed steady with minor 2 point net gains across the board. Prices held within a narrow range as July through May maturities posted modest moves in quiet trading.
Cotton futures fell 1 to 8 points on moderate volume as hedge selling and late July liquidation pressured prices. The front months closed 1-8 lower with July at 10.50 to 10.42 and December 9.04. Middling spot prices stood at 10.73. Treasury bonds also posted gains with 4s quoted at 119.18.
Chicago cash grain prices list no sales in cash wheat. Corn No 1 yellow quoted at 65. Soybeans No 2 yellow at 79 with No 4 at 17 14 78 percent and No 4 at 784 percent. Oats No 2 mixed 33 percent, No 2 white 35 44, No 3 34, No 4 338 935. Barley making 49 56 nominal, feed 35 43 nominal.
Prime cottonseed meal futures, 41 percent, closed steady in Memphis. Closing prices fob Memphis reflect July 21.40, September 22.00, October 19.65, December 19.75, January 19.75. Sales total 3,100.
New Orleans cottonseed oil markets close steady with July at 5.50 and Dec 5.70 while par values show 6.96N for bleachable prime summer yellow and 5.62B to 5.70B for futures. Moultrie Georgia soft hog market steady with price range 4.75 to 5.00 and varied weights for hog classifications plus sows and stags noted.
U.S. Department of Agriculture data shows Alabama Bliss potatoes at U S 1 1 70 to 2 05 prices with Missouri Cobblers fair to good quality priced around 90 to 140 per unit and Missouri Bliss similar 1 00 to 1 25, reflecting varied regional prices.
Wendell Willkie launched his bid for the White House after the Republican nominating convention named Senator Charles L. McNary as vice president. The new national committee would meet to fill office, add members, and select a chairman, with Willkie retaining final say over his campaign team.
Rio de Janeiro June 29 President Getulio Vargas reaffirmed his June 11 speech and stressed Brazil's solidarity with American nations. Speaking to maritime workers he emphasized fidelity to uniting American peoples and said vigorous nations must follow their aspirations. He also assured Roosevelt the speech was not contradictory to U.S. expressions.
Turkish fleet resumes position at Bosporus mouth after a Black Sea cruise seen as a warning to Bulgaria. Intensive troop movements continue with thousands of Anatolian soldiers arriving to reinforce the Bulgarian frontiers.
King Carol mobilizes the population amid intensified demands from Hungary and Bulgaria. A special parliamentary session was scheduled for this afternoon but postponed to Monday.
Growers report leaf transfer to curing barns underway with only a few fires lit as extreme cold pushes harvest 10 to 14 days late. J F McCrackin of the Georgia Flue Cured Tobacco Association welcomes the later opening and Valdosta leaders urge delaying grading until August to allow full curing and storage.
President Roosevelt enlists Owen Young to assist Sidney Hillman in training workers for national defense and the youth program. White House pressed that Young may comply, with Young visiting yesterday. The issue arises over the scope of the wartime state of emergency and secrecy surrounding the fleet plans.
The article notes Democrats debate a possible third term for President Roosevelt while eyeing their Chicago convention. It cites 707% pledged votes and 548 needed for nomination, with vice presidential talk centering on Garner and potential running mates like Hull LaGuardia and McNutt among others.
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