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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 13, 1930
Page
19
Forty homes in the city priced from 1200 to 6500 dollars are advertised by Atlantic Insurance and Realty Company. The notice promotes affordable residential property close in, desirable, movable, and suitable for investment with liberal terms and several exclusive offerings. Call 2361 to view these bargains.
The cotton market opened lower on weakness in Liverpool and favorable southern weather, then rallied but failed to hold gains. July closed at 16.39 after trading 16.33 to 16.41, with May near 16.28 and October around 16.23. Labor troubles in Japan and renewed shipments from California influenced cautious buying amid light offerings. Certificated stock stood at 226,977 bales, up about 33,000 since March.
Indecisive week end session sees slight gains led by utilities and specialty stocks while price moves distract from overall weak tone. Copper stocks rise on expectations amid piling inventories. steel ops seen steady with autos boosting Youngstown area.
The cotton market opened quiet and steady amid weekend covering and evening up on both sides. July led activity as prices fluctuated, with near months steady and October rising late, closing with mixed gains and losses across May July and October contracts.
Rear Admiral Richard E. Byrd will retire to private life for at least two months within six weeks of returning to New York in mid June from his south polar expedition. His tentative June 14 arrival with ships Eleanor Bolling and City of New York leads to a busy stay including meetings in Washington and a National Geographic Society tribute with President Hoover.
In New York on April 12, cotton goods were unchanged and quiet. Print cloths and sheetings held steady while burlap and cables were mostly unchanged though some early positions eased. Cotton yarns fell and raw silk weakened as Japanese prices dropped amid ample stocks and weak demand.
Naturalists note 35 900 fly kinds have been listed and described with beliefs that total varieties may reach 150 000 or more. The statement stresses vast diversity and ongoing cataloging efforts.
The Chicago wheat market fell sharply as a rain and snow forecast for next week spurred selling and bear pressure. Corn and oats also dropped with heavy offerings, while provisions slid on overall grain weakness and ample receipts. Large eastern buy orders failed to absorb the rush of selling in the pit.
New York April 12 Bond trading showed routine dullness with few sales of U S government issues in early hours. Some rails rallied slightly while convertibles slumped then recovered. International Telephone 4s rose to a 1930 high while American Telephone 4 4 25 improved after a dip.
Cottonseed oil closed weaker with declines of 10 to 14 points in New York on April 12. Trading totaled 4,6009 barrels as prices for prime crude and seasonal contracts fell from 7.37 to 9.35 with months including May July September and October quoted.
A dense garble of bond issues and financial notations featuring corporate and railway securities. Mentions include New York bonds with various scrips, Goodyear Tire 5s, American Sugar 6s, Can Pacific debentures, Southern Railway issues, and other issuers such as Penn Ry, Int Mer Mar, and Midvale Steel with assorted maturities and percentages.
Wall Street briefs note a week of gains in the Youngstown steel district with higher demand lifting steel sheet orders five percent above a month prior. Unofficial forecasts set next weeks operations at about 69 percent of capacity versus 67 percent this week. Frigidaire plans a nationwide ad push costing about 1 million dollars. Crown Cork & Seal votes to boost authorized no par stock from 275 000 to 400 000 shares with holder approval set for April 24.
New Orleans April 12 The cottonseed oil futures market fell as March consumption disappointed and prices for lard and corn dropped. Prime summer yellow oil closed at 7.89 down 15 points and prime crude at 7.12 1-2 to 7.50 with April to October contracts firming or weakening in light trading.
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