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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 10, 1928
Page
2
A meeting of directors from the High Point Community Chest and the five member agencies including the YMCA and YWCA is scheduled for tonight to discuss contributions and program coordination.
Scouts Salvation Army and Board of Public Welfare meet at the Commercial club at 7 30 tonight to elect officers for the new campaign and map work for the year. Present officers are John R. Peacock chairman and W B McEwen vice chairman with a large slate of directors listed.
Washington April 10 All perishable commodities especially fruits and vegetables would be excluded from provisions of the pending McNary Haugen farm bill under an amendment accepted today by the senate without a record vote.
Tobacco Products declares regular quarterly dividend of 1.75 on class A with dates May 15 and April 25. Crude oil production for week ending April 7 averaged 2,415,309 barrels daily, down 7,101 from prior week. British Rubber Stocks up 535 tons to 58,732. Indi Cement to raise authorized common shares to 1,090,000 from 600,000. U S Steel unfilled tonnage reported, 1927 earnings for Intl Paper and Subs. shown at 2.93 per share on 990,614 common shares versus 2.15 on 590,000 in 1926. Phelps Dodge, Calumet and Arizona Mining, New Cornelia, and Nichols Copper tie into refining interests. Federal Reserve condition statement shows large loan and deposit shifts as of April 4. Steel production in March set records aside from March 1927. daily output 166,945 tons, up on Feb but down slightly on March 1927. Cotton textile production and department store sales show March gains. weather outlook favors market. CLEVENBURG.
In New York April 10 a report notes a Monday afternoon market rhythm. Rail averages are expected to hit new high levels with only a two point rise needed to surpass prior records. Steel stocks are seen rising after a weak period, aided by a decline in unfilled tonnage. Recommended issues include B and O, Lackawanna, Central, Northern Pacific, Canadian Pacific, Reading, American Can, Corn Products, Fleischmann, Postum, Marland, Cons Gas, and Steel.
Liver pool 12:15 p m 5 to 9 American phrase appears in a brief Cotton Letter from New York dated April 10. The fragment notes a time and market statement without further details.
In New Orleans on April 10 the cotton market rose early after an initial decline led by May and July gains to 19.58 and 19.43 respectively before selling pressures trimmed 10 to 12 points. By midmorning May eased to 19.40, July to 19.30, and October to 19.06 as profits were taken.
New York reports a steady to lower cotton opening as rains in the eastern belt and cool southwest temperatures prompt selling. Active May and October futures dip, with May around 19.79 and October near 19.48 before further profit-taking and midday quiet. Prices ease to about 19.68 for May and 19.36 for October.
Chicago hogs 21 000 head mostly steady to 10 cents higher than Monday. Top 9.20 for 200-220 lb choice. 250-350 lb 8.50-9.05. 200-250 lb 8.60-9.20. 160-200 lb 8.50-9.20. 130-160 lb 7.35-9.00. Packing sows 7.50-8.10. Pigs 90-130 lb 6.50-8.00. Cattle 8.50. Calves 3,000. Fed steers weaker 25 cents. taxes/other classes fairly good. Market analysis by AP.
Slaughter cattle and vealers show wide price ranges by weight and grade. Steers, bulls, cows, and yearlings move between common and high good, with heifers and vealers priced up to 15.50 per hundredweight. Fat lambs rise, feeder lambs command 15.25 to 16.76, while ewes vary around 8.50 to 10.85 per hundred.
Butter prices show steady receipts totaling 15 449 with creamery demand higher than extra. Scores range 92 for extra and 88 to 91 for first, while 45-45 1-4 to 44 1-4 figures indicate consistent market activity.
New York April 10 AP reports eggs hold steady to firm with receipts totaling 60,478 in market action. Continuous coverage notes stable prices amid steady supply in the commodity scene.
Raw sugar remained unchanged in New York trading with refined sugar steady at 5.95 to 6.00 cents per pound for fine granulated sugar as of early today.
New York April 10. Unfilled orders of United States Steel Corp stood at 4 335 206 tons on March 21, down 62 983 tons from February end.
Potatoes receipts 76 cars on track 495 and total US shipments 427 cars. Demand and movement moderate with market steady on new stock and stronger on oil. Texas sacked triumphs 5.50, Wisconsin sacked round whites 1.85 to 2.05, Idaho sacked russet burbanks No 11 0.85 to 2.00, commercial 1.50 to 1.75.
Chicago reports dry weather in the western wheat belt pushing prices higher early. Analysts expect abandoned winter wheat acreage to be heavier, while corn oats and provisions firm with corn up to 8 cents.
Cotton market in Liverpool shows firmer quotes across grades with American grades leading gains. Sales reach 5,000 bales including 4,000 American as receipts total 67,200 with futures closing barely steady at May 10.52 and later months around 10.13 to 10.42.
Washington April 10. President Coolidge believes nothing has occurred to make the equalization fee in the McNary Haugen farm relief bill conform to his constitutional ideas. He criticizes several provisions in veto notes but stresses the equalization fee as the main issue while urging Congress to act for farmer relief.
Open high low trading results list stocks including Marland Oil Pacific Pacific pfd Northern Pacific Packard Motor Car Pan-Am Pet Pennsylvan ia Pierce Arrow Meier core RGAGGS Republic I and Stl Stude Corp Texas Company Western Union Westinghouse Sears Roebuck Seaboard Air Line Southern Pac Southern Ry Standard Oil of Nesee United Cigar Stores Woolworth and Co with varied figures across 2 30 pm listings showing percent changes and price levels during the session.
Reactionary price moves dominated the New York stock market today as pools lifted several issues to new highs while overall activity lagged yesterday. Banks called about $25 million in loans, boosting profit taking on speculative favorites and triggering some short selling. notable drops hit Wright Aeronautical and U S Cast Iron Pipe as other leading names edge lower.
A woman describes three years of consuming only baby food due to gas. She credits Adlerika with immediate stomach relief and the removal of old waste matter, improving meals and sleep. Matton Drug Co., 107 North Main.
Exchange dispatch says Lady Mary Bailey flying from London to Cape Town crashed while attempting to land at Tanganyika. Her husband Sir Abe Bailey received word from Lady Bailey that the plane was badly damaged. President Coolidge asked Congress for 56.9 million dollars in supplemental appropriations including 50 million for the alien property act.
The senate finance committee approved the nomination of former Representative Clark of Florida to join the tariff commission. The vote was divided but not disclosed publicly.
A Monticello Illinois family doctor popularized a laxative formula in 1892 as Dr Caldwell's Syrup Pepsin to treat constipation in women children and babies. The ad extols its merit and offers a free sample bottle by mail to prove its usefulness to households nationwide.
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