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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Apr 11, 1928

Page

9

Auto Association Members Get Back Large Sum Money

Enterprise Bureau Raleigh April 11 The Carolina Motor Club reports 167108.84 total income with 83288.65 returned to members in direct services and the rest covering general expenses and reserves. President Charles S. Wallace notes assets 34439.62 current liabilities 7938.66 reserve 17676.75 and unused surplus 8474.11. He cites 85188.65 direct service cost with retail value over 335850.76 and an average value of 53.25 per 10 membership fee. The year saw 719980 road information calls 1557890 maps and tour books distributed serving 375996 people. Net license plate and title fees totaled 2952091.75 from 316196 plates, 72.5 percent of 368703 issued in North Caro.

Enterprise Bureau Sir Walter Hotel Raleigh Charles S. Wallace Morehead City Carolina Motor Club Coleman W. Roberts Wallace North Caro

Woman credits Lydia E. Pinkham remedies for recovery

Mrs. Euna Griece of Route 3 Denison Texas says Lydia E Pinkham's Vegetable Compound eased nervousness and constipation and returned her energy to work. She recommends the medicines to others and welcomes inquiries.

Lydia E. Pinkham Denison Texas Lydia Pinkham Euna Griece Route 3 Box AS

State reports vehicle recovery finance totals for members

The state reports 76,419 plates by mail and 24,970 at the Raleigh office. Valuation of stolen cars recovered for members is placed at 133,650. Rewards paid and cost of recovery service amounted to 8,4355. During the year 365 legal cases were settled and 4,631.3 in damage claims collected for members.

State Solid Raleigh

Endeavor Union Supper Postponed in High Point

The High Point Christian Endeavor union mass meeting and banquet set for tomorrow at 6:30 PM at the new Presbyterian church has been indefinitely postponed due to bad weather and conflicting dates. A luncheon for leaders and pastors will be held at First M P church tomorrow at 12:35 PM with speeches by Hewitt F. Cunningham and Stokes Rawlins.

High Point Christian Endeavor Union New Presbyterian Church North Main Street A. J. Koonce M. P Christian Endeavor Movement High Point Hewitt F. Cunningham Chattanooga Tenn Stokes Rawlins Greensboro North Carolina Union

P T A Meeting Set At High Point High School

The High Point High School parent teacher association will meet Thursday at 7 30 p m in the school gymnasium. The program features talks by KE Spencer boys physical education director W E Marlette athletics director and Miss Bevie Wilson girls physical education director with demonstrations by pupils. Parents are invited to inspect the new gymnasium and equipment.

High Point High School Parent Teacher Association High Point High School KE. Spencer W. E. Marlette Bevie Wilson

Helffrich Withdraws From Team Competition

Alan Helffrich, famed for beating Paavo Nurmi in a half mile and a 1924 Olympic team member, says he cannot compete for the squad this season due to business reasons.

Helffrich Alan Helffrich Paavo Nurmi

Major 1927 profits and 1928 forecasts from key firms

Pac Gas and Elec earned 2.66 a share on 2,628,566 common in 1927 versus 2.54 on 114,604 in 1926. Pac Tel and Tel February net after taxes 1,012,292 vs 834,465 in Feb 1927. Southern Pipe Line directors authorized 15 a share from capital stock reduction, payable June 15. Dodge Bros quarter ended March 31 earnings 0.01 a share versus 0.03 in 1927. Nash Motors declared extra 0.50 and regular 1.00 dividends with dates May 1 and April 20. Canadian Pac gross first week April 3,567,000 vs 3,233,000 a year earlier. year to April 7 gross 49,566,000 vs 45,356,000 in 1927. American Petroleum Institute estimate domestic crude oil production week ending April 7 at 2,395,250 barrels daily, down 17,359 from prior week. Dow averages: industrials 209.23, rails 142.14. Clark & Co. commentary on market strategy urges buying recommended issues under 75 and adding rails, oils, and steel exposure.

New York Pac. Gas and Elec Pac. Tel Tel Southern Pipe Line Dodge Bros. and Subs Nash Motors Company Canadian Pac American Petroleum Institute MO. F. Clark & CO

Cotton Market Outlook and Weather News from New York

The report notes cotton prices higher by 6 to 8 points from yesterday with 7,000 "miles" traded and quotes 1109 vs 1115. Weather maps forecast rain in eastern regions with warmer temperatures, central belts seeing showers, and western Texas fair skies. Analysts view strong fundamentals, temporary pauses from profit taking, and advise cautious purchases amid weather sensitivity and boll weevil risk.

New York Western West Texas Fair Panhandle Memphis Oklahoma Texas Oklahoma City Fall River Worth Street

Whitney's Letter Weighs Market Top Not Yet Ready to Take Profits

Whitney notes a suspected temporary top in the market averages but argues individual strength remains. many exceptions would be needed to justify taking profits now. The piece discusses the broader implications of these movements for investors and timing.

New York

Butter and Cheese Prices Reported in New York

Butter unsettled with receipts of 12 085. Creamery prices higher than extra 45 14 46. Cheese steady with receipts 257 777. The report notes market movement in butter and cheese in New York trading.

New York

New York Eggs Steady as Receipts Rise

New York poultry report shows eggs steady with receipts totaling 563,527. Fresh gathered first grade 27-814, storage packed first 30% 381%, first 29 14 30%. Pacific coast white extra 47 38.

NEW York Poultry New York Pacific Coast

Chicago Livestock Market Report April 11

Chicago hogs sold 18 000 with prices mostly 10 cents lower than Tuesday. top 9.10 for light lights and pigs, various weight ranges quoted. Cattle and calves totals listed with price ranges for steers, cows, bulls, vealers, and stocker feeders. sheep 8 000 with fat lambs, ewes, and feeder lambs showing mixed changes.

Chicago Livestock Chicago

New York Cotton Futures Close Summary

Cotton futures closed with Jan 1927 at 1921, May 1971, July 1957, Oct 1940, Dec 1930. Open highs and lows shown for each contract. market prices moved within narrow ranges during the session.

New York

Cotton futures close steady with small gains in New Orleans

In New Orleans on April 11, cotton futures finished steady with net advances of 1 to 4 points. Highlights show May near 1940, July around 1926, October at 1901, and December near 1898, reflecting a slight uptick across contracts.

New Orleans

Congress Debates Cotton Marketing Overhaul and Straddles

Washington April 11 The cotton marketing machinery overhaul from the 1927 price collapse dominates both chambers. Senator Smith signals new regulatory legislation while the Senate probes market straddles and Clayton of Houston faces cross examination. In the House the Vinson bill for cotton futures regulation gains hearings with Safford endorsing general principles aligned to the Randsell bill.

Washington Senate House Smith South Carolina Congress Anderson, Clayton and Company Houston Texas Agriculture Committee Vinson Representative Vinson Georgia H. C. Safford American Cotton Shippers Association

Cotton market climbs on weather signals and cables

New Orleans reports show an early 14 to 17 point rise in cotton prices as unfavorable weekly weather and crop reports plus higher Liverpool cables drive gains. May, July, and October futures peak around 19.35, with some profit taking lowering prices later, while the market stays firm on an improving outlook.

New Orleans Liverpool Texas New York Weather Bureau London India China

Wheat prices surge on grim government wheat outlook

Chicago trading opened with active wheat buying and a sharp price rise after a government report lowered winter wheat prospects. July and September futures climbed above prior highs, opening 17.8 to 31.8 cents higher and holding near early gains. Corn and oats firmed. cotton spot price noted in Charlotte.

Chicago

New York Stocks Open With Mixed Early Trading

Stocks opened uneven on the New York market with modest gains in some sectors and declines in others. Traders monitored inflation data and corporate earnings as the session began.

Bulls Regain Control Of Stock Market Early Doubt Eases

The report notes a firm cotton market after an early doubt with gains from favorable Liverpool cables and weather news. It also describes a broad stock rise led by speculators and a reduced call money rate, plus a merger plan involving Adams-Millis Corporation and related North Carolina firms with stock exchanges outlined.

Foreign exchange rates in New York on April 11

The New York market shows mixed quotations for world currencies. Rates listed include Great Britain 4.87 percent demand, France 3.93 percent demand, Germany 23.90 percent, Belgium 13.96 percent, and Argentina 42.70 percent, with others like Tokyo 47.78 and Shanghai 63.12 percent cited.

Foreign Exchange New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czechoslovakia Jugoslavia Austria Rumania Argentine Brazil Tokyo Shanghai Montreal

Spot cotton closes steady in New Orleans market

New Orleans on April 1 reports spot cotton closing steady with no change. Sales total 1,668 bales while the market shows low middling around 18.93 to 20.08 cents per pound and receipts of 4,95? stock at 413,300 bales.

New Orleans

Wheat Prices Jump on Government Crop Report Signals

Wheat surged nearly six cents a bushel today, driven by a government crop report showing a tradicall low condition for the spring growing season and triggering heavy buying.

Chicago United States

Cottonseed Oil Prices Steady in New Orleans Trade

Cottonseed oil closed steady in New Orleans with futures listed for prime summer yellow and crude at 9.40 and 8.62 percent respectively. Prices for the near and deferred months span April through November with values from 9.50 to 10.06.

New Orleans

Call money and bankers acceptances rise in New York

Call money strengthens with a closing bid around 6 percent and 60-90 day maturities at 4 7 percent. Time loans firm with mixed collateral, 4 to 6 month mercantile paper at 4 percent. Bankers acceptances show bids and asks near 3 percent for 30 to 90 day terms.

Ali MONEY New York Money Strong Prime Mercantile

Liverpool cotton prices steady with declines in spot market

Cotton spot in fair demand at Liverpool with prices down across grades. American strict good middling 11.59, good middling 11.29, middling 11.09, receipts 19 000 bales of which 6 300 American, sales 7 000 bales. Futures closed quiet with May 10.57 and January 10.19.

Liverpool

Chicago potatoes market report Apr 11 Potatoes receipts and prices

Chicago market summary shows 51 carloads received on track 411 total U S shipments 570 carloads. Old stock strong with fair to good demand especially for northern No 1 Wisconsin sack round white 29.00 2.15 and Minnesota 1.75 1.99. Idaho sack russets No 1 2.00 2.15 commercial 1.75 down. Texas sac ked bliss goods 5.75 6.00 Florida blis Spalding Rose 11.00 mostly.

Chicago Wisconsin Minnesota Idaho Texas Bliss Florida Spalding

Sugar market steady with quiet futures in New York

In New York on April 11 sugar prices held at 4.52 cents delivered with little new business. The market showed more duty free offerings and a barely steady undertone as refiners held off. Futures trading remained quiet with midday tone steady to unchanged or up to two points. Refined grades held at 5.95 to 6.00 cents for fine granulated amid withdrawals on old orders showing some improvement.

New York London

Turpentine and Rosin Stocks Reported in Savannah

Turpentine firm shows 53 percent sales, 230 receipts 377 stock 7 896 with no shipments. Rosin firm posts 1 126 sales 1 103 receipts 0 shipments and stock 51 674. Market quotes listed for multiple grades in ranges.

Naval Stores Savannah

Grain price readings from Chicago market report

Grain prices listed for Chicago on April 11 show No. 2 hard wheat at 1.47 to 1.484 dollars per bushel and No. 1 northern spring at 1.48. Corn varieties quoted around 98 to 1.44, oats at 62 to 63.25, rye at 1.23, barley 0.88 to 0.96, and Timothy seed 3.15 to 3.90 with Clover seed 20.25 to 27.25.

Chicago

Metals Market Report Summary New York Apr 11 1926

Copper steady electrolytic spot and futures at 14 percent. Tin eases with spot at 52.00 and futures at 51.87. Lead steady with spot prices 610 in New York and 605 in East St. Louis. Zinc quiet with East St. Louis spot 572 and futures 575. Antimony at 975.

New York East St. Louis

Cottonseed oil closes steady on futures prices

New York report shows cot tonseed oil closing steady with futures levels listed for months from April through November and an 9,100 sales figure. Prices peak for August at 10.45 and October at 10.60 while prime summer yellow sits at 9.70.

New York

U.S. Government Bond Quotes Apr 11 New York

U S Government bonds listed with Liberty series prices and Treasury notes and bonds. Liberty 3438 at 101.7 Liberty first 444s at 102.16 Liberty first second 4148 at 102. Liberty Liberty third 4s at 100.14 Liberty third 4346 at 103.12 Treasury 4345 at 115.20 Treasury 4s at 110.20 Treasury 3% at 107.25 Treasury 3s at 102.25.

Tl. Ss. Bonds New York U.S Liberty Liberty First Liberty Liberty Treasury

Dempsey Arrives in New York Saying He Won’t Fight

Jack Dempsey arrived in New York today and, amid noisy welcome, dismissed comeback talk by stating he would not fight for fifty million dollars.

New York Jack Dempsey Anging

Tunney Signs Exclusive Boxing Pact With Tex Rickard

Miami Beach April 11 Gene Tunney heavyweight champion announced signing an exclusive boxing contract with promoter George Tex Rickard. The deal becomes effective after his current agreement ends October 1 with Tunney stating he signed the document last night.

Tex

Special Stockholders Meeting for Pointer Hosiery

Notice to stockholders of Pointer Hosiery Company of a special call meeting in High Point Guilford County North Carolina at the Wachovia Bank Directors Room to discuss company matters.

Pointer Hosiery Company High Point Guilford County North Carolina Wachovia Bank & Trust Company

Piedmont Mills Stockholders Meet On Merger Plan

Stockholders of Piedmont Mills Inc meet at The Wa chovia Bank High Point office to consider a merger agreement under Chapter 77 North Carolina 1925 with High Point Hosiery Kernersville Knitting Pointer Hosiery and Adams Millis corporations. Exchange implied for First and Second Preferred and Non Par Value common stock in Adams-Millis Corporation.

Public Laws of North Carolina Piedmont Mills, Inc Kernersville Knitting Company High Point Hosiery Mills, Inc Adams-Millis Corporation Adams Millis Corporation J. H. Adams Pointer Hostery Co

Kernersville Knitting Company to Hold Special Stockholders Meeting

A special meeting for Kernersville Knitting Company stockholders will be held in High Point North Carolina at 2 30 PM to consider a merger plan with Adams Millis Corporation. The exchange involves stock in Kernersville for First and Second Preferred and Non Par Value Common Stock to be issued by Adams Millis after the merger.

Adams-Millis merger plan for High Point Hosiery mills board

The stockholders meeting at High Point NC will vote at 2:00 PM on a plan to merge High Point Hosiery Mills Inc Kernersville Knitting Adams-Millis and Pointer Hosiery into Adams-Millis Corp The exchange involves stock of Adams-Millis Corp to be issued to High Point Hosiery in a merger agreement dated April 4 1925.

Adams-Millis stockholders meet to consider merger plan

Special meeting of Adams-Millis Corporation stockholders is set for May 2 1928 at 3:00 PM in the Directors Room of The Wachovia Bank & Trust Company to vote on a merger with Piedmont Mills Kerners Hosiery Company and High Point Hosiery Mills under Adams-Millis Corporation. Stock exchange terms include issuance of First and Second Preferred and Non Par Value Common Stock. The action is authorized by President A. Adams.

Piedmont Mills, Inc High Point Guilford County North Carolina Wachovia Bank & Trust Company High Point Hosiery Mills, Inc Kernersville Knitting Company Pointer Hosiery Company Adams- Millis Corporation Adams-Millis Corporation Adame-Millis Corporation J. H. Adams Adams Millis Corporation J. BE. Millis Adams-Millis Corporations A. Bi. Adams Adams-Millis Corp

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Auto Association Endeavor Union High School Association A&p Brillo Chipso White House John FL. Clark & Company Commercial National Bank A.G.R. Ptd Marland General Asphaly Standard Oil of Kansas INO. F. Clark & CO Clevenberg Corton Orvis Bros Wade Bros Hubbard Bros INO, F. Clark & CO Whitney Cunton Inquiry Solons Gmwrain Charlotte John Clark and Co Aim Arch Top Atlantic Coast Line Baltimore and Ohio Chesapeake and Ohio St Paul Chi Northwestern Pac Chrysler Motor Freeport-Texas Co General Electric Va General Motors Great Northern Gulf States Steel Inter Nickel Kelly Springfield Tire Kennecott Copper Mack True Ray iMarland Oil Oe Mo Pacific Pf Montgomery Ward Northern Pacific Packard Motor Car Pan-Am Pet Me Sa Pennsylvania Pierce-Arrow Radio Corp Ld Rep I and Steel Reynolds Seaboard Air Line Sears Roebuck Simms Petroleum Om Sinclair Con Oil Southern Pacific Southern Ry Stewart Warner Studebaker Corp Texas Company Yuh Tex Gulf Sul United Cigar Steel Trade Reviews R. H. Meay U. S Wright Aeronautical Borden Almbert Federal Mining and Smelting National Biscuit Union Carbide Montgomery-Ward American Ice Murray Body Pillsbury Flour Warren Bros St. Paul Texas and Pacific Lehigh Valley
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