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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 12, 1928
Page
9
Financial listings from the firm John B F Clark and Company based in the Commercial National Bank Building. Contains stock and cotton price notes featuring market quotes and commodity figures.
Bank of England holds rate steady. Willys Overland launches new Whippet models at 615 for touring and 745 for four door. Marmon Car Co. reports first quarter shipments up 81 percent from 1927. Otis Elevator Q1 net income 1,750,500, Foundation Co. 1927 profit 483,378. 1926 net profit 1,008,380. Market tips favor copper, rail and oil stocks. analyst notes on Amn Republics, Amn Solvents, Sears Roebuck, Hudson and Manhattan, Postum Cereal, and others amid mixed prospects. Weather turns fair to warm in West. textile talks loom in Fall River. New Bedford workers expected to strike.
In New York on April 12, Whitney reports a reaction had been completed and higher prices would be witnessed, noting that the anticipated rise followed Tuesday's advisory. The missive indicates market movement and expected inflation in prices.
Liverpool notes at 12:15 p m show 13 to 15 American points higher than due. Sales total 7,000 mids with 1116 against 1109 yesterday. Weather outlook: light rains in the Atlantic coast region. Forecast expects the East belt Alabama and Mississippi fair, balance partly cloudy and warmer Thursday with fair skies.
New York dairy report notes butter steady on April 12 with receipts of 9,253 pounds and creamery butter higher than extra at 46 1/4 to 46 1/2 cents per pound.
Poultry dressed steady in New York on April 12 with turkeys listed at fresh 50 to 40 and frozen 32 to 45 cents per pound.
Silver in New York on April 12 reports bar silver at 57% and Mexican dollars at 435 4% with 7- point movement noted.
In New Orleans on April 12 prospects for fair weather offset higher Liverpool cables as cotton trades opened irregular. Old crop months gained 2 to 3 points while new crop slipped 2 points. May touched 19.32, July 19.16, October 18.94 before rallying toward noon on short covering and steady certificated stocks in New Orleans Houston and Galveston.
The New York cotton market opened barely steady with a 2 to 5 point dip and 6 to 8 point early losses as buyers liquidated. Liverpool and London buying supported some bids while favorable south weather kept declines in check. prices cooled to around 19.46 for July at midday with active months down 4 to 6 points.
Chicago April 12 hog market shows slow activity with prices down to 20 cents from Wednesday. Light hogs lead declines while top bids for 250 to 350 pound butchers hold near 9.95 as buyers adjust for market weakness.
An advertising pitch blames sleepless nights on a poisoned system and a failing liver. It touts ox gall as a natural liver stimulant, promotes Dioxel tablets containing 10 drops of ox gall, and urges readers to obtain samples from Mann Drug Stores.
The report shows cattle and sheep prices across weights, with top steers and fed yearlings high in demand while stockers and feeders remain scarce. Prices vary by grade from common to good and choice, with lambs and ewes showing modest gains and continued strong demand in several categories.
New York sugar trading opened lower by 1 to 2 points and stayed barely steady as selling to the grade and May liquidation weighed on raw sugar. Refined buying remained quiet with granulated prices unchanged at 5.95 to 6.00 while withdrawals were fair.
In Chicago on April 12 buyers pushed wheat prices higher after an unsettled start. July and September deliveries again led advances, signaling expectations of a tight domestic winter crop. Openings were steady to higher, with gains broad but corn oats and provisions showing weakness or steadiness.
Liverpool reports steady demand for cotton with prices higher across grades. American cotton leads sales at 5600 bales out of 7000, with receipts totaling 14000 including 12300 American. Futures close quiet with May at 1055 and December 1019.
Orvis and Hubbard share bullish buy recommendations on dips and breaks. Wade cautions awaiting a reaction before buying. Keech and Co expect higher levels in time.
The New York foreign exchange market shows steady quotations on April 12 with listed demand and cable rates for majors including Great Britain 487 15-16 and 60 day bills at 484 5-16, France around 3.93 1-2, Germany 23.90, and other currencies such as Japan Tokyo 47.78 and Shanghai 63.20.
New York April 12. Wall Street saw another wild bull movement as a swollen stream of buying orders flooded the New York Stock Exchange driven by optimism and eager investors.
The market surged with prices rising $1 to $10 a share and many blocks in the 1,000 to 5,000 range. United States Steel and General Motors led, US Steel opening with 35,000 shares at 153.50 to 154.00, while GM saw an overnight gain of 105,000 shares to 197.00–197.50, within $1 of the record high.
New York April 12 A broad stock surge lifted scores of issues 1 to 10 points early trading then eased on profit taking. U S Steel hit a high above 154 before retreating. General Motors neared record highs then slipped. First quarter earnings pegged at 70 million dollars. pool activity surged on low and mid price issues.
S E Boney of the Public Utilities Bureau of the Carolinas told the Industrial Institute at the Eastern North Carolina Exposition that a psychological prejudice against large companies hinders regional industrial growth. He warned that eastern North Carolina must overcome the belief that bigness equals badness to attract industry and manufacturing.
In the second round in Pinseburst, bad weather and erratic play shook up the field. George Voigt of Washington barely advanced 1 up against C Ross Somerville of London Ontario after a late surge. Richard Wilson of Southern Pines beat Princeton’s George Dunlap Jr. 4 and 3, finishing strong. Donald Parsons of Youngstown defeated Eugene Homans 2 and 1 as Homans struggled. John Dawson of Chicago edged Eddie Held two up after Held faltered.
Mrs. Edwin H. Williamson a leading Fayetteville resident died in a local hospital after an operation. She led business social and religious activities, was vice president of the state federation of women's clubs and had just resigned the Fayetteville womans club presidency. Survived by husband four children and siblings with funeral Friday at 3 PM from First Presbyterian Church.
Martin R. Springle, 67, prominent Carteret county merchant and longtime Beaufort resident, died after a four year illness. He was active in the community and a longtime member of the Beaufort Methodist church. His funeral was held Friday at 2 p.m. at the Beaufort Methodist church.
New York April 12 The national affairs committee of the national republican club favors repeal of the Eighteenth amendment and proposes adding a repeal plank to the party platform. The resolution goes to the club for a vote next Tuesday and may reach the national convention via Dr Nicholas Murray Butler. The vote was overwhelmingly in favor with limited opposition noted.
In Raleigh on April 12, Smith supporters plan a state organization backing Governor Smith of New York for president. George Gordon Battle, Edgecombe native and prominent New York lawyer, arrived for conferences and will address the public on Smith’s character. J. S. Griffin of Wake County announced plans for a formally recognized statewide manager.
G A Stubblefield of Chireno, 17 miles east of Nacogdoches, Texas, shot and killed his wife and three young children at the family home today. The victims were Weber 7, Josephine 6, and George Albert Jr. 12. Despondency listed as cause.
Raleigh April 12 Governor McLean appoints A C Cline chairman of the county board of commissioners at Kings Mountain to join the state county government advisory commission filling the late J W Woodland of Morehead City. The governor will seek details in Washington on a Connecticut suit against North Carolina for 290 850 in railroad bonds issued in 1868 and 1869.
J B Ivey of Charlotte was reelected president of the North Carolina Sunday School association at the state convention in Concord. Regional presidents and treasurer EF B Crow of Raleigh were also reelected as daily discussion on vacation Bible schools and worship drew attention after the vote.
The government in Warsaw struggles to find an executioner amid a shift from shooting to hanging. After offering 100 zloty per execution and later 1000 agloty, no applicants had come forward.
The federal Bureau of Education calls on teachers to act as self appointed health detectors for all school children. Teachers should watch for signs of poor scholarship and perform simple tests to determine if physical defects cause learning issues.
An exchange between an organist and a pastor reveals a troubling scene in a church setting. The pastor warns of future sanctions toward a deacon after overheard remarks at the retreat room referencing a “small lemonade neat.”
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