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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Apr 19, 1928

Page

11

Irish aviator braces to finish Bremen trans Atlantic flight

Major James Fitzmaurice arrived at Lake Ste. Agnes to tidy plans for moving the Bremen from Greenly Island and flying to New York. He said Kitzmaurice would not quit the expedition and noted propeller problems with Curtiss and Junkers parts.

Fitzmaurice New York Ireland Mr. Whalen Murray Bay Fred Melchior Junkers Montreal Curtiss Airplane Company Bremen Melchoir Kitzmaurice Melchair City Hall Washington Lake Ste. Agnes Que Atlantic James Witzmaurice Greenly Island Duke’ Schiller Labrador Seven Islands Here

Sinclair case chronicles letters on Teapot Dome bonds

The testimony traces letters between Finney and Fall and others to show Sinclair and Fall discussed government bond deposits in Osage leases at Three Rivers New Mexico. Witnesses testified Sinclair’s reputation as honest, with several associates vouching for him and noting long acquaintance and ties to oil ventures.

Teapot Dome Albert Fall George I. Hoover Sinclair Finney Fall J. W. Zevely Liberty Patrick McGovernor Great Neck N. Y M UL. Truby Independence Kansas Truby Knights Templar of Finley Peter Dunne Dooley Owen J. Roberts Dunne Jennings Bailey R. H. Williams New York Henry W. Farnham Chicago Davis Elkins West Virginia Elkins Roberts Mammoth Oil Company L. L. Humphrey

Market Outlook Mixed as Stocks Retain Strength

Whitney's Letter notes a strong market with resistance at recent lows and cautions against broad selloffs. Highlights Loews dividend speculation, near 15, 130 buy targets, and gains in Gillett Safety Razor with a 2 point upside. Reports include AGR under 79 and rising order books for April and Collins Aikmann nine months to March.

New York Famous Players Congoleum Gillett Safety Razor John F, Clark Collins and Aikmann Corp Citizens Service and Sub Mar

Stock Market Outlook and Factory Results Highlight April Reports

Analyst notes point to modest rallies until readjustment. expect some advances in select issues. Bank of England and St Louis Fed rates steady at 4.5 and 4 percent. Cast Iron Pipe proposes recapitalization. Chickle March quarter profits $384,725. Reis March sales $842,501, Q1 $1,843,694. Owens Bottle Q1 profit $791,777. Willys Overland April 14 output $9,575 cars, up 2,457 from prior week. 12 days’ production noted.

New York Black Maloney and Co E. F. Hutton and Co Hallie and Stieglitz Ann Chickle Robert Reis and Co Owens Bottle Co Willys Overland

Cotton Letter Reports Mixed Cotton Market Signals

In New York on April 19, Liverpool prices eased 2 points, with 8,000 mids traded and a higher later. Weather outlook favors cloud increases and showers in the east, unsettled and cooler in the west. Manchester fiber demand softens as fear of lower values grows, unions in Manchester set wage-cut talks, and Texas moisture shortages push production outlook higher while public participation in cotton rises despite prices.

West Texas Manchester Texas

Stock Gossip and Cotton Opinions Share Market Tone

Stock Gossip notes Hup earnings up 300 percent over 1927 and likely to remain strong with steady demand for their cars. Cotton opinions from Wade Bros, Pynchon and Co, Hubbard Bros suggest purchases and holding, freer contracts, and liquidations signaling market shifts.

Hup Wade Bros Pynchon and Co Hubbard Bros

Cotton Dope Liverpool Cables Market Update

Liverpool market opened quiet and steady with prices up to four points. Spot cotton strong with 7 point rise to 1122 cent, sales 8 000 with 6 000 American. imports 10 000 none American. Weather reports mild with temp up and scattered showers forecast in eastern central and western belts.

Liverpool Cables Alexandria Stanley Central Belt Western Belt

Chicago Market Reports Lard Ribs and Bellies Prices

The Chicago market lists lard at 11.80, ribs at 11.50, and bellies at 13.00. Traders note steady demand and firming prices across cut types.

Chicago

Bar Silver and Mexican Dollars Mix in New York Trade

In Silver, New York on April 19 a bar silver at 57 percent and Mexican dollars at 44 percent were recorded, reflecting a mixed bid and market activity for precious metals.

New York

Stock Exchange to Close Saturday for Broker Catch Up

New York April 19 the stock exchange will be closed Saturday April 21 to give brokers a chance to catch up.

New York Stock Exchange

New York Market Butter and Produce Report

New York April 19 butter unsettled with receipts 7,289. Creamery prices higher than extras and firsts with scores around 45 to 46 and 88 to 1. Eggs steady with receipts 46,296. Cheese steady with receipts 95,226.

New York

Rate Established Washington

The report from Washington notes that on April 19 the federal reserve banks acted to set or adjust key rates. Details specify actions by the Federal Reserve and their immediate implications for member banks and financial markets. Further context from the governmental or monetary authorities is not provided in the fragment.

Washington Federal Reserve Banks of

Rediscount Rate Set at 4 Percent by Fed

Boston and Chicago banks will use a rediscount rate of 4 percent effective tomorrow, following an announcement from the Federal Reserve Board. The action aligns with policy guidance issued today to stabilize liquidity and curb short term lending costs.

Boston Chicago Federal Reserve

Cottonseed Oil Prices Firm On New Orleans Open

In New Orleans on April 19 cottonseed oil closed firm with listed futures and prices for May through December. Prices included May 980 June 970 July 996 August 1016 September 1015 October 1015 November 1915 December 1015 and prime summer yellow 970 prime crude 962% 875.

New Orleans

New York Stock Exchange Seat Sells At Record Value

The value of a New York stock exchange seat rose to 395000 dollars today, a new record and up 260000 dollars from the prior high, as arrangements were completed for the sale.

New York New York Stock Exchange

New York Cottonseed Market Report Highlights Futures Rally

Cottonseed oil futures closed firmer with active demand. Notable quotes show April at 1000 and May at 1004, June 1015, July 1084, August 1053, with September 10665 and October 1070. sales totaled 28,100 units.

New York

Sugar Market Hikes Early as Operators Absorb Supplies

In New York on April 19 raw sugar showed a steadier tone with nearby sugars absorbed by operators at 1 32 cents gains. Sales included 15 000 bags Porto Rican and 35 000 bags Philippines afloat at 4.40. Raw futures opened 1 to 2 points higher on firmer London cables and steady spot tone. No new features in refined.

New York Philippines London

Wall Street Opening Strength Keeps Market Upbeat

Opening trading showed buyers in control led by eastern rail shares with Delaware and Hudson up 4 points and New York Central higher. Radio climbed 145 at the start and extended gains. Early leaders included Bethlehem Steel Lima Locomotive General Electric American Telephone and St Paul preferred. St Paul common rose slightly to a new peak. About 3,000,000 shares were traded.

Wall Street New York Eastern Railroad Delaware and Hudson New York Central Bethlehem Steel Lima Locomotive General Electric American Telephone St. Paul St. Paul Common Federal Reserve Stock Exchange Board of Governors Pere Marquette Canadian Pacific Hudson Manhattan Express American Railway Express American Express American Sumatra Tob Purity Baking B Woolworth Anaconda Copper American Smelting Calumet and

Turpentine and Rosin Trade Figures From Savannah

On April 19 the Savannah firm reports turpentine sales at 52 units with 296 receipts 508 shipments and stock of 7 990. Rosin figures show firm sales 210 receipts 1 481 shipments 415 and stock 56 964 with quoted market ranges and codes such as B 675 to M 805 25 and N 875 85.

Turpentine Savannah Rosin

Wheat Prices Rise Across Grain Markets on Broad Buying

Chicago reports show wheat, rye, corn and oats climbing to new seasonal highs amid widespread crop concerns in the west southwest and central states. Prices listed include Wheat No 1 hard 1.6214 and No 2 mixed 1.61-1.80 with Corn No 2 mixed 1.07-1.10 and Rye No 2 1.39 per bushel.

Chicago Kansas Oklahoma

Foreign exchange quotations and trends across nations

Portingale exchange city report lists demand and cable rates in cents for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Yugoslavia Austria Romania Argentina Brazil Tokyo Shanghai Montreal with varying 60 day bills and demand figures as of April 19.

Portign Exchange New York Great Britain France Italy Belgium Germany Holland Nor Way Sweden Denmark Switzerland Spain Greece Poland Czecho-Slovakia Jugo-Slavia Austria Rumania Argentina Brazil Tokyo Shanghai Montreal

Cotton quiet on Liverpool spot market in April report

Liverpool April 19 The cotton spot market remained quiet with prices pithier and trades subdued as bidding cooled amid light activity and cautious buyers.

Liverpool

Market Quote List Shows Cotton Grades and Futures

The report lists cotton quality descriptors from strict to good and middling to ordinary with price ranges around 11.72 to 10.32. It notes sales of 8 000 bales including 3 900 American and receipts of 1 000 with American nil. Futures closed steady with May 10.67, July 10.59, October 10.40, December 10.83, January 10.33, March 10.32.

Cotton futures close record from New York market data

New York cotton futures closed with gains and losses across contracts. January settled at 1953, May at 2002, July 1990, October 1969, and December 1960, reflecting mixed session activity in the futures market.

New York

Spot cotton closes steady in New Orleans trade

New Orleans on April 19 reports spot cotton steady with sales of 2,185 bales. Prices quoted for low middling 19.25 cents, middling 20.00, good middling 20.40 cents. Receipts 2,969 bales, total stock 382,248 bales.

New Orleans

Cotton futures open barely steady on weather outlook

The New York cotton market opened barely steady with May at 19.22 and October 19.59 after early declines of about 16 points. Covering and trade buying trimmed losses by mid session. Warmer southern weather and possible showers kept sentiment mixed but generally favorable.

New York Liverpool

Cotton futures close steady on New Orleans market

New Orleans cotton futures closed steady with a slight gain as of April 19. Primary contracts Jan 1932 and May 1932 showed minor lifts with the May contract reaching 1974 and nearby levels around 1932 to 1946.

New Orleans

Potatoes Market Report From Chicago Apr 19

Chicago potato market update notes receipts of 75 cars with on track 299 and total U S shipments 648 plus 30 to Canada. Old stock demand and movement described as good with market steady. Wisconsin packed round whites mentioned.

Chicago U. S Canada Wisconsin

Market notes on potato prices and movement

The report lists potato price ranges for several types and regions including Minnesota sacked round whites 1.70 to 2.00 and 1.90 typical, Idaho No 1 russets 1.75 to 2.00, commercial 1.50 to 1.60, No 2 1.30 to 1.40, and Washington commercial russets 1.50 to 1.65. Demand is slow and market dull with Wisconsin sacked Bliss at 5.25 to 5.56.

Minnesota Idaho Commercial Washington Commercial Russets Wisconsin Bliss

Chicago market report cattle hogs April 19

Hogs 27 000 head with activity uneven and up to 35 cents higher. top 10.15 for 206-220 lb pigs. Cattle 7 000 head with strong steer demand and firm stocker tone. best fed steers about 14.25, slaughter steers 12.75 to 14.60 per cwt. cows 7.15 to 11.25. heifers 12.00 to 13.75. Calves 6 000 head. yearlings slow and feeders scarce.

Chicago

Bulls Advantage From Reports Of Rate Rise Status

Wall Street showed bullish momentum as investors expected no immediate Fed rate hike and anticipated lower broker loans. Broad gains across many issues followed, with several names hitting new highs and express stocks rallying. Old crop months held steady amid favorable spot demand and ongoing crop concerns.

Cotton market opens easier on lower Liverpool cables

New Orleans April 18 cotton market opens slightly easier in sympathy with lower Liverpool cables. First trades show losses of four points with prices continuing to decline after the start on New crop.

New Orleans Liverpool

New Board of Directors Named for Local Rotary Club

The Rotary club elected a new directorate for the coming year at today’s luncheon. The new directors are George A. Matton, Dr. Josephu Spruill, Fred Bartlett, Britt Armfield and F. F. Humeston. they will elect officers at an upcoming meeting.

Rotary Club George A. Matton Josephu Spruill Fred Bartlett Britt Armfield F. F. Humeston

No more backaches with the Easy Washer demo

Free demonstration advertised for the Easy Washer promises relief from backaches. Call phone number 2876 to arrange a viewing or trial.

Card of thanks for illness and death loss

Acknowledges friends and neighbors for kindness during the illness and death of a wife and mother. Thanks the High Point hospital staff and for many flowers. Signed by Mr. and Mrs. H G Connally J C Edwards Mr. and Mrs W C Edwards.

High Point Hospital H. G. Connally J. C. Edwards W. C. Edwards

Also Mentioned on This Page

Whitney J. F. Clark CO Arch Top Santa Fe Chrysler Motor Consolidated Gas Cere Dede Bros, Ee Dupone de Elec Pow Famous Players-Lasky Freeport-Texas Coe Esnesckie General Motors Ip Nes Sane General Northern Osevee Gulf States Steel “Eevee Inter Nickelse Montgomery Ward Hartford Pennsylvania Pierce-Arrowese Eense Radio Corp Republic I and Steel St Louis San Fran Seaboard Air Line Sears Roebuck Veekeeaaen Simms Petroleum Omeereee Sinclair Con Oieeetweee Southern R Veeeeeee Standard Oil of N Jwees Studebaker Corp Eeeemes Texas Company Ee Sotto United Cigar Stores U S Wabash Ry Westinghouse Elec White Motor Co Willys Yonth Chicago Livestor Gikaln Meyes Logal Rotary Club Solomon Raper High Point Kernersville Road Roper Estate Lake and Smith Streets East Green Cable Streets Wachovia SU Botw Sron Cotte Petersburg Orferce Virginia Winston-Salem, North Carolina
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