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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 06, 1929
Page
5
New York April 6 Merchants report lighter buying across unfinished cloths and steadier activity in finished goods amid unsettled markets and anticipated larger cotton acreage. Demand remains strong for fancy materials and finer yarns while labor protests in the south are viewed as brief.
The New Orleans cotton market opened easy with declines of 2 to 5 points as Liverpool cables weighed on early trades. May, July, and October futures slipped to 19.73 19.81 and 1965 respectively before firming late in the first hour. the market closed with a net 10 point decline as weather in the belt remained unsettled over the weekend and traders absorbed offerings.
New York cotton opened steady after a slight decline as Liverpool markets eased and favorable southern weather appeared. July fell to 1990 and December to 1989 amid light offerings, with a late rally of 3 to 4 points from intraday lows. Private cables note continued Continental buying via local and American selling in Liverpool, and rising demand for cotton cloths in India. Shipboard cotton awaiting clearance stood at 112,000 bales.
Loretha Kentucky resident Lizie Perry recalls extreme weakness and lifelessness before using Cardui also known as Cardus. She credits two bottles followed by three for weight gain from ninety to 153 pounds and improved energy allowing social visits.
Fertilizer tag sales in 138 southern states fell 2.9 percent in March from last year, with December to March four month totals down 14.2 percent. New York stocks rose against last year as futures closed with mixed quarterly figures across several contract months.
In Liverpool on April 6 spot cotton showed steady prices amid limited demand. American grades sold 3,000 bales with 1,200 American. Receipts totaled 1,000 with 500 American. Futures closed barely steady with May at 10.51 and January 10.40 among others.
Naval Stores in Savannah on April 6 records show Turpentine firm 50 with sales 203 receipts 177 shipments 55 stock 9023 while Resin firm reports sales 1075 receipts 575 shipments 396 stock 58801 Prices list multiple grades from B to WG and WW with values ranging from 6.40 to 8.80 per unit.
Potatoes receipts 81 cars on track 264 old 25 new total U S shipments 622 cars trading only fair market about steady on old stock new stock stronger on sacks barely steady on barrels. Florida barrel Spaulding rose 6 25 Texas sacked bliss triumphs 3 50 old stock Wisconsin sacked round white 55 65 sacked red river Ohios 70 Idaho sacked russets 1 50-1 65 mostly 1 50-1 60.
Chicago grain prices fall as rain and snow on the Canadian prairies ease drought fears, with wheat down about 2 cents. Corn holds steady to slightly lower, oats and rye show modest moves, while lard ribs and bellies fluctuate. Prices listed for May July and Sept contracts across wheat corn oats rye and animal products.
Chicago hog prices mostly steady from Friday with top 11.80 for light, well-sorted 200 pound hogs. Shipments about 6 000, 3 000 estimated for butchers 250 300 pounds and lighter porkers 130 160 pounds. Cattle and calf figures show higher fed steers and yearlings, lighter yearlings up, demand stronger for better grades.
The Rev. A. H. Marshall of Williamston, rector of Episcopal churches in Plymouth Williams ton Roper and Hamilton, recently traveled 185 miles in one day preaching nine sermons. He began at 7 Easter morning and returned home at 1 the following morning.
Livestock offers below trade requirements with 25 percent under week-earlier supplies. Fat cows up 25 to 50 cents, butcher heifers and yearling steers advance, cutters 25 cents higher, bulls steady, vealers up $3. Heavy and light mix yearlings peak at 14.75. Sheep receipts 8,000 weekly with 140 at feeding stations and 24,500 direct. fat lambs up to 25 cents, top fat lambs 17.75, clipped lambs 16.55, fat ewes 11.50, feeding and shearing lambs 16.00–16.75.
Horton Smith, a youthful golf wizard, jokes about a bad habit of being too short with putts. A Washington note mentions a young woman from the president’s state facing a passport issue under Hoover. Helen Wills is linked to tennis laurels abroad. Miss Winifred Mackie leads a boys’ golf team at Lawrence High School after Helen Hicks’s graduation.
Stevens Point Wisconsin reports soprano Ernestine Schumann-Heink has a great grandson Ferdinand Hirz Jr as her granddaughter’s child. The singer has six children and 11 grandchildren. In New York Flo Ziegfeld’s critique of canned music in musical comedy stirs Arthur Hammerstein with a cowboy remark about Injun judgment. White Sulphur Springs fashion notes omit stockings with daytime silk dresses and evening gown style to show Palm Beach tan.
The Steamship Paris bound for sea went ashore on mud flats off South Brooklyn in heavy fog early today. She is believed to be in no danger and no injuries are reported.
Twenty six candidates seek the Republican nomination for Perry County jailer Kentucky with twenty of them named Comba.
Doris Dawson models a light green ombre tweed coat with fur trimmed cuffs and a matching scarf throw in a fashion feature on how tweed coats gain versatility this season. The ensemble includes a French felt hat and sun tan satin kid pumps with an unusual checked design.
A brief quote highlights a man’s fortune described as six figures in Life magazine dialogue. No additional context is provided.
A weekend liquidation wave ended with a turn upward in rails led by Van Sweringen issues. Chesapeake and Ohio, Erie, Alleghany, and Chesapeake Corp rose several points while American Express climbed to a new high. Oil stocks gained on regional policies despite oil officials not securing a nationwide curtailment approval. Total volume reached about 1.5 million shares.
Edward L. McGrady and A. L. Hoffman, labeled kidnapped labor leaders, were welcomed back to Elizabethton by textile workers. A mass meeting followed a parade, with McGrady and Hoffman urging peace and warning agitators. Sheriff Moreland praised for handling disturbances amid ongoing arrests.
San Francisco and Cleveland Fed hold rediscount rate at unchanged 5 percent. Jordan Motor Car stockholders vote April 24 on increasing common to 500000 shares to offer 150000 new shares to record owners. Superior Steel offers one new share at 40 for every two thirds held. Spicer Mfg buys Royal Varnish Co. Ford Motor of Canada treasury shares to be offered at 100000. Archer Daniels Midland reports $640638 net for six months ended March 2 with 50 cent quarterly dividend on common and 1.75 on preferred. United Cigar Stores declares $1.50 dividend on six percent preferred. United Gas Improvement earns $6.99 per common share in 1928. 5.67 per share on average in 1928, up from 5.40 in 1927. Ward Baking earns $1 on class A shares in 12 weeks ended March 23. United Carbon stockholders of record April 30 offered one new share at $59 for every 12 shares held. J. F. Clark & Co.
Liverpool closes in May and subsequent months with 2000 spot sales noted at mids 1074 against 1073 yesterday. Forecasts predict mixed weather across the Carolinas Mississippi Alabama Arkansas Oklahoma East and West Texas. North Carolina mill strike spreads. Haney of NYU bureau expects narrow fluctuations unless crops worsen. Lower market expected on cables as Western rains favor the belt.
Stock opinions from MO. F. CLARK & CO. and others suggest a cautious bullish tone. Analysts expect oils and steels to climb, while overall market drift continues until the financial picture clarifies.
Forecast notes warmer temperatures over the belt with light showers in Oklahoma. Eastern belt partially cloudy except West Texas. generally fair and cooler conditions prevail. Forecast issued by CLARK & CO.
The Liverpool wheat market opened lower and closed weaker while Wan futures showed varied movement. Lamson Bros believes trading positions favor buying on price breaks and the overall tone favors purchases during declines. JNO. F. CLARK & CO.
Square Rock by Rock Flint out of Quartette won the Jubilee Handicap a mile race at Lingfield today over Reigh Count Caballero and Yoho. The first three were not among the favorites with Square Rock at 100 to 6, Caballero 109 to 6, and Yoho 19 to 1.
Minds and Winslow advise accumulating holdings if declines occur. Heintz and Co report a sold out market and improved performance. Williams and Travers suggest taking advantage of moderate recessions to buy.
The Hanes Foundation for the Study of the Origin and Development of the Book was announced at UNC by Dr. Frederic M. Hanes. Initiated with 34 000 dollars, the collection aims to cover writing from Babylonian tablets to modern printed works and incunabula.
A 15th century printing collection from 31 cities in Europe is documented. Dr. Aren Burtis Hunter of Raleigh, former St. Augustine's College president, acquired it during travels in Italy and Germany 1920 to 1927 and contributed the incunabula portion to the University. The gift enhances a major university library holdings.
More than 290 high school boys and girls from Randolph Davidson Alamance and Guilford counties contested for prizes in the tenth Annual Music contest for North Carolina high schools. Judges were Prof. Emnes L. Stimson and Lewis Ley Stookey.
Representative Whitmell P. Martin of Louisiana died in Garfield Hospital Washington. His daughter Mrs William D Tabor and Eleanor Johnson were with him. his secretary Jacob S Landry also present. Two sons Marshall L and Robert C Martin expected in Thibodaux for burial plans next week.
Judge Kenesaw Mountain Landis, staying in Asheville with Mrs. Landis, showed more interest in golf than baseball. They plan several days here. Judy Landis praised the Sally League rookie rule for easing financial burdens on smaller clubs.
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