The Courier News from Blytheville, Arkansas on December 30, 1933 · Page 10
Get access to this page with a Free Trial

The Courier News from Blytheville, Arkansas · Page 10

Publication:
Location:
Blytheville, Arkansas
Issue Date:
Saturday, December 30, 1933
Page:
Page 10
Start Free Trial
Cancel

PAGE TEN BLYTHEVILLk. (AJBK.) bbUMPt J PggEMBfeR 30, l<m LftSl TEH CASH THICKS OF 30 11A SIC COMMOIUTIKS Uftd in United 1'ress Index Compiled by Dun & Knidslrtet, Inc. 1933 1933 Low' Hljh* Dec. !> Commodity (Jan. 20| (Julj-48) 1933 Wheat, No. 2 Red (Chicago) tiishcl Jfl.49 $1.13V4 $0.fKHt Com, No. 2 Mixed (Chicago) bushel .231; .03% .5H1 Rye, No. '2 (Chicago) bushel .SQU. i.oo .00?*, Oats. No. 2 White (Chicago) busliel .n " .455, .37 Flour. Spring Patent (New York) 1M Ib. sack •. j.6'i5 Lard, Prime stenm spot (Chicr.k'O) Jb .g.<f>7 8275 .079 .08 !i "Voice" of ^Three Little Pigs'' 1 Reached -Peak July 18, But .Trend In Recent ;.; Weeks Has Been. Upward NEW YORK (UP)—Commodity markets, which formed the arena ,.,. In which the currency battle of 1933 was fought, advanced approximately 40 i>er cent during the ".'!'.. year, to close near the average --• level of the period 1930-1032. That average represents 100 In the commodity price index com••'• piled for the United Press by Dun "," k Bradstreet. Inc., Late in December the index slood slightly above 100, compared with n low for the year of 67.80 on Janunry 20 and n'hlgh of 113.52 on July 18. . . Almost all cash markets moved in n narrow range in January and February. On March 3, Immediately preceding the bank holiday, the index was 69.10. For a fortnight trading was suspended on all exchanges. When (he banks and security and commodity markets rc- oper.cd on March 10 prices soared in response to the confidence engendered by the fiscal measures of the new administration. !„. Tlie index on March 16 touched "~ - V2.82, representing a gain of 5.4 "— per cent from the last previous Coftce, Rio 7s spot (New York) Ib .OS-'. Sugar, Centrifugal. 00 test duty-paid <N. Y.) Ib. • 'o/.C7 .OHM Butler, Creamery 92 score (ttrv/ York) Ib .18'-- .2l> Hoys, Average most sales (Chlrugo) Hi M'.t ( .0475 Steers. Average most sales (Chicago) Ib 0^5 .0035 Lambs, Average most sali'.s tcii-cngoi Ib Q575 .0735 Hides. Native heavy steers (Chuanoi Ib .js^ ,14V Wool, Tine umv.ishcd combing <i30bt<mt llj .}>>•[ .31 Cotton, spot middling upland ir.'i'iv York) Ib. — Ofi25 111. 1 ) Silk, 13-15 denlers. crack XX J.ijnn iN. Y.) Ib. . m '2.M Rubber, spot ribbed smoked sheds (N. Y.I Ib. ... jj3 iofl'i Copper, electrolytic (New YoK 1 Ib .05 .09 Lead, spot (New York) Ib. . 'Q.J /)45 Zinc, spot (East, SI. Louis) !b .Q'J .05 Tin, Straits spot (New York) Ib .23:.'. .47^; Silver, commercial bars iNev; Ycrk) ounce .JE-:^ .40^ Steel scrap (Chicago) ton 523 10^025 Pig Iron, Iron Ago coni|Hislte (Ne«- York) ton ...I'j.su 15.17 Coke, Connellsville net furnnce ton 1.75 225 Cement, domestic Portland (New York) bbl. 2.35 2.05 Yellow I'lne, fl" base 20' and unler IN. Y.) M ft.4500 62.50 Douglas Fir, Rough 6x0 8-.il- (N. Y.) M ft 28.00 38.75 Gasoline. Drums (cxcl tax) Tank Wng. IN.Y.) gal .ofiy. .127 Crude Oil, Kan.-Okia., 40 gravity iTulsa) bbl. .. .52 " ^75 •These dates represent the high and low polni,<i of the coinmoday index for the year, but the quotations given are r.ot necessarily the exact high and lows recorded by the iixllvldir.il coim:Ki:lllles. .03 ,041 .045 .53 .43?; • B.75 1C .00 3.75 2.05 5250 38.75 .12 !i 1.08 You've heard the voices ol ihc "Three Liltle Pigs" and lierc you we tliem. ready lo chant a loud defiance to [lie big oad wolf, ijeft to right. Ihc "voices" of the pigs'of movie fame me Dorothy Compton nccoml pig; "I'luto" Colvlg, third pis;, and Mar;. Modcr, first pig menl of 1 years neo can be np- proaclied. Although President Roosevelt nnd his advisers are admittedly not .satisfied the current plane of farm prices, It must be recognized that broad progress to- wnrd higher quotations has been made In 1933. Only live of Ihc 30 commodities used In compiling (he quotations. During the next four nrtox we ,. e ]owcr flt t , )c cm , of ,, ,. months it followed n swift upward «,.,». course, recording a rapid succcs- ••.. slon of new highs for (lie yenr. Then cnme the break of July 19. ' Grain markets split wide open, ^'7"' cotton and otlx?r leading commodities joined in lire descent, and EK^ by the end of July the index had *T' fallen to 101,59. ^ Since that dnlc the barometer has twisted and turned between 08 nnd 106. Inflationary proposals and other conlribulinK influences spurred the Index up to 105.65 in August and again to 104.50 in September, but each time a reaction carried it below the 100 mark. In the last two months the lowest point touched was 9899, while it has seldom gone far beyond 100 during this period when traders have been marking time and scanning tile horizon for signs of a settled vnonclary policy and business improvement. The price level obtaining in the year 1926 hns often been mentioned, unofficially, as the goal toward which the administration in Washington is directing its present campaign. The 102G average of the United Press index was 171.52, indicating that a long pull is still ahead before the mcasure- hls year than on December 31, 032. The Quintet comprised coffee, Hitter, .steers, lambs and silk. The first and last arc Imports, coming I •cspcctlvcly from Brar.ll and Japan. On the brighter side of tile pic- ure are the other 25 commodities United States had abandoned the gold standard: rumors or Inflation I ominatcd every conversation and I commodities threatened to elbow I the stock market to one side In! the public, interest. This widespread concentration upon commodities created a greased slide for their sudden downfall. Speculators had pyramided thetr commitments Jn'vrnin futures, cotton, silver ami rubber. Then the bubble was pricked. Uanks called loans; brokers demanded more margin; traders scuttled to cover. In the cash markets between Tuesday. July 18. and Saturday, the 22nd, wheat skidded from $1.13 n buahcl to 88 cents, while corn of the city's larger companies Imvc Increased their annual subscription to the association's war chest. Tanks first were used in warfare by tl-.c British. Rend Courier News Want Ads. - which arc well above 1032 closing I fell 15 cents, rye 31 cents an oats quotations. Five of this group | H cents. Cotton slid from 11.75 noie tlnui doubled their prices ot7"nls a pound to 10.2 cents, rub- a year ago In December. They per from 0 5-8 cents to 1 1-2 cents, were corn, oats, hides, rubber and tin The three last arc imports, and of the trio tin has given the most interesting performance over recent montiis. Unlike most of the listed commodities, which .touched their peaks hi the summer, tin was only 47 3-4 cents a pound on July 18, the day when the index carved Us highest 1933 notch. Since that time It has gained consistently and on November IB it closed at 57 1-8 cents a pound, the highest price fo;- five years. No sketch of the commodity year would be complete without n and sliver from -10 3-8 ceni.s to 35 1-2 cents. Chicago Business Shows Good Upturn ' CHICAGO (UP)—A steadily increasing upturn in Chicago busl- ners was reported today by officials of the Chicago Association of Commerce In a study of Its own membership trends. Up lo Dec. 1, 1033, 433 new members were admitted as against 221 in the same period for 1932. In the same portal 213 previously To Our Friends Everywhere A wiirni lire, it comfortable place to eat and drink, nnd a friendly welcome will be waiting for yon here in 193-1, just as they have in the past. We are grateful for your kind patronage during 1933. • '. • Rustic 1 nn passing reference to tile July 10, resigned members applied tor re- break. Business then was roaring iinstatemcut. During the entire 12 filter its reiimrknble come-back months ol tS32 only 91 re-iustate- .from the March trough. TheLnieiUs were made. In addition, 28 Corner Division & Walnut 1934, and a new HORIZON The past year has been one of progress for us, but -we look forward to 1934 with keen anticipation for what it 4iolds. The horizon inspires new-'hope, ana :«ew,plans. It is toward >a .spectacle of complete, business -.revival that we look. As the old year closes may we -express .our thanks for your -RatroMse, : and -with -a pledge- of even better service, solicit-your cleaning business for 1-334. Good Will T AO us Good Will las always meant progress—Good Will toward those wkom we caa serve, Good Will toward our fellow citizens and neigliW«, wko liave Wit witk us, wko nave worked witk us to mate Blytkeville and Mississippi County a credit to Arkansas and tke United States. We are proud of Blytkeville and our skare in its progress. Federal C ompress 400 South Elm St. \Vareki arenouse Blytheville, Ark. I ' E

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 11,100+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free