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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Apr 28, 1928

Page

7

Oil Shares Show Strength Feature of Today's Market

New York April 28 heavy buying of oil shares led by Standard Oil of New York which rose to 38 a new high this year. Public utility and mining stocks posted solid gains as large blocks traded in oil issues. Rails advanced selectively with Jersey Central Delaware and Hudson Texas and Pacific and Chicago Northwestern up 2 to 4 points. Enormous volumes and pools drove the advance with total sales near 2 000 000 shares.

New York Standard Oil of Standard Oil Louisiana Jersey Central Delaware and Hudson Texas and Pacific Chicago Northwestern McCrory Stores B DuPont Adams Express Palino Mines Consolidated Gas Brooklyn Edison Westinghouse Electric Otis Elevator

Volume increases in cotton goods amid strike hit mills

New York reports higher sales of colored goods for fall and export with fair sheetings and coarse textiles. Print cloths and towels see steady demand though mill curtailments linger. A New Bedford strike idles about 50,000 looms while overall production halves in fine and fancy cottons. yarns fetch higher prices.

New York New Bedford

Woman Kills Husband After Argument in North Carolina

Shuford R. Coward a prominent local farmer and politician is dead after his wife shot him at their Spring Creek home ten miles west of here. Police report says two shots were fired one hitting the forehead and one the temple. Sheriff Ramsey found the couple alone. their two sons were with neighbors. The quarrel is described as longstanding.

Hot Springs N. C Shuford R. Coward Spring Creek Here Ramsey Coward

Tone Quality Improves

New York reports improvements in radio receivers with better audio transits and advances in loudspeaker design. The piece cites enhanced signal fidelity and clearer sound from modern units.

New York

Florida Ports Depth Reach Fifty Feet

Florida has three ports with channel depths of at least fifty feet and seven ports with depths of twenty four feet or more, reflecting a substantial maritime capacity across the state.

Florida

Wall Street Gains Push Rail Stocks to New Highs

Whitney's Letter notes continued market advance with heavy afternoon profit taking. Rail group reaches new record territory while oils hit yearly highs. expectations of higher call money and ongoing consolidation drive optimism on Standard Oil and Texas and Pacific. Weather report adds cold fronts and mixed forecasts across regions.

New York Standard Oil N. Y Texas and Pacific Collins and Aikmann Westinghouse Electric American Steel Foundry Goodrich Loews Jno F. Clark & Co

Oil stocks in demand amid strong buying and market optimism

Hornblower & Weeks note oil buying activity remains strong with Atlantis Refining and Standard Oil NY showing solid interest. J F Clark Co expects leading shares in oil, rail, and utilities to meet demand despite possible short session irregularities. Importers stampede into cash grain and futures, with 5,000,000 plus bushels of cash wheat purchased, while corn faces early pressure and later selling.

Hornblower & Weeks Josephthal & Co Atlantis Refining Standard of New York J. F. Clark & Co Manitoba Seaboard

Southern weather report and market update from New York

Weather in the south shows rain in Raleigh and unsettled conditions ahead with warmer, fair days promised for the Carolinas Georgia Alabama and Mississippi. Worth street business activity remains strong and telegrams report heavy rain damage across various southern points.

New York Raleigh Carolinas Georgia Alabama Mississippi Arkansas Oklahoma Texas West Texas Worth Street South

Stock Summary Highlights Mixed March Results and Dividends

Colorado Fuel Iron declares a regular 2 percent dividend payable May 25 and May 10. Illinois Central reports March net operating income of 2,872,886 and first quarter 7,185,436. Union Carbide earns 2.23 a share in Q1, National Distillers shows a first quarter loss of 43,032 before depreciation, Mother Code Coalition Mines posts 1,182,935 after taxes in 1927, Minneapolis and St Louis weekly gross 298,361 and year-to-date 4,212,071. Toledo Employment hits a record 38,438, Victor Talking Machine Company earnings rise, Coolidge tax cut under review, Anaconda outlook favorable, market averages up with industrials at 212.25 and railroads at 145.16.

New York Colorado Illinois Central Union Carbide and Carbon and Subs National Distillers Products Co Mother Code Coalition Mines Minneapolis St.Louis Toledo Shoemaker Victor Talking Machine Co Coolidge Kelley Anaconda J. F. Clark & CO

Cotton futures close steady with modest decline

New Orleans cotton futures ended steady with a small net loss of 2 points. April values showJan 2049, May 2109, July 2078, Oct 2051, Dec 2051 with intraday highs and lows listed for each contract.

New Orleans

New York Futures Cotton Prices EightTwenty Four

New York cotton futures closed uneven with May and July contracts trading around 21 cents. Spot cotton in New Orleans steadied with low middling around 1022 and middling near 2108 to 2148 amid receipts of 2,225 and stock 337,973.

New Orleans

Cottonseed Oil Prices Hit Steady Close For Spring Contracts

Cottonseed oil closed steady with futures mixed across months in New York trading on April 28. Prices ranged from 925 for erucs to 1095 for September and 2101 for October, with 3,909 bales reported.

New York

Cotton futures open steady with small declines

Opened steady in New York trading with May at 21.26 cents per pound and subsequent contracts easing. July 20.95, Oct 30.80, Dec 20.75, Jan 26.64.

New York

Cottonseed futures prices steady in New Orleans close

Close steady for cottonseed in New Orleans with June through December prices quoted. Values show May at 1008, June 1015, July 1026, August 1035, September 1045, October 1043, November 1045, December 1045.

Government Bond Quotes New York April 28

U S government bonds closing prices listed for Liberty 1 28 111.12 Liberty first 4 1-48 102.10 Liberty third 4 1-4s 162.29 Liberty fourth 4 1-468 102.29 Treasury 4 1-4s 118.2 Treasury 4s 110 Treasury 3 3s 102.5.

New York Liberty Treasury

Chicago Potatoes Market Report April 28

Chicago potato market notes receipts at 101 cars on track 228 with total U S shipments 693 cars. Wisconsin round whites quoted 1.75 to 1.85 while Idaho russets No 1 sell at 1.70 to 1.90. Texas bliss prices 4.50 to 4.90 depending on size and quality.

Chicago U. S Wisconsin Idaho Texas

Liverpool Cotton Prices Rise Amid Quiet Trade

Cotton-spot quiet with higher prices in Liverpool. American grades lead with strict good middling 12.21 and good middling 11.91, sales 3,000 bales including 1,700 American. Receipts 3,000, American nil. Futures closed quiet and steady with May 11.15, July 11.06, October 10.85, December 10.75, January 10.75, March 10.73.

Liverpool

Chicago grain and livestock prices in late April

Chicago wheat and corn futures and prices listed for No. 8 red No. 2 mixed and yellow corn with small spreads. Oats and barley quoted with white oats and timothy and cloverseed also shown. Lard ribs and bellies priced, reflecting a broad set of grain and meat markets in Chicago.

Chicago

Stock market opens higher with rail oil and utilities leads

Wale Street New York April 28 stock prices resume upward movement at the opening today. Early buying centers in railroad oil and public utilities shares. Initial gains of a point or so logged by Consolidated Gas Allied Chemical and New York Central. Standard Oil of New York rose fractionally to a 1925 high at 353s.

Wale Street New York Consolidated Gas Allied Chemical New York Central Standard Oil of

Cotton Market Ends Steady After Nervous Trading

New York April 28. Cotton showed a reactionary tone after recent gains as traders eyed weather risks. Early declines of 10 to 15 points gave way to rallies with May up to 21.18 to 21.34 and October 20.76 to 21.09, aided by late selling pressure. The session closed steady with net declines of one to seven points.

New York

New York Cotton Opens Easy Amid Realizing, Weather Bets

The cotton market opened easy, down 4 to 13 points on a mix of lower Liverpool cables and frost worries in the eastern belt. A brief rally followed as prices hovered around 20.90 for July, with active months about 1 to 10 points lower after the first hour as realising continued and private cables noted Liverpool liquidation.

New York Liverpool

Wheat futures surge on dust storms frost fears and firm oats

Reports of dust storms in Nebraska and Kansas sparked big buying of wheat driving prices to a new top for the season. Frost warnings appeared in many winter wheat regions including Missouri and Illinois as oats and provisions also firmed and corn began steady gains.

Chicago Nebraska Kansas Missouri

Cotton Market Rallies on Frost Forecast After Early Losses

Early trading saw cotton futures drop 6 to 10 points as Liverpool cables weighed on prices. July hit 20.80 while October and December rose to about 20.51 after frost forecasts spurred buying, trimming losses from the session lows.

Liverpool

Market Wrap Shows Mixed Wheat Moves Amid Storm News

Liverpool futures drifted as American price gains failed to move buyers. Locally, firms with European ties bought future wheat despite domestic crop adversity. Nebraska and Kansas dust storms compounded gloomy crop reports as European weather damage likely worsened.

Liverpool Nebraska Kansas

Turpentine and Rosin Trade Figures Reported in Savannah

In Savannah on April 28 a turpentine firm showed 50 percent sales with 105 receipts 576 shipments and stock 10353. A rosin firm reported sales 38 receipts 1564 shipments none and stock 64316. Quoted values include B710 D730 BH765 F795 G8S00 HS10 1820 M830 N905 WG925 WW975 X975.

New Orleans Cotton Market Rises on Frost Forecasts

Recoveries of over 1 a bale followed shorts covering in the cotton market today. July futures rallied to 20.89 as officials predicted frost in the eastern belt overnight, signaling potential risk to crops.

New Orleans

Market Summary: October 2062 Selloff Ends Steady

In October 2062 to December 20669 trading, prices rose 19 to 233 points above lows and 9 to 11 points over prior close. In the final week the market fell 12 to 14 points, then clawed back modestly and closed steady 2 to 8 points down.

Foreign exchange rates in New York on April 28

Financial page notes irregular quotations in cents for multiple currencies including Great Britain at 487 11 16, cables 4.88 1 16, and 60 day bills 484. France demands 39 3%, Italy 5.26 15 16, cables 6.27 38 16. Other rates shown include Belgium 13.96, Germany 23.89, Holland 40.28, Norway 26.75, Sweden 26.82, Denmark 26.80, Switzerland 19.26, Spain 16.62, Greece 1.80, Poland 11.23, Czechoslovakia 2.96, Yugoslavia 1.76, Austria 14.10, Romania 0.63, Argentina 2.70, Brazil 12.02, Tokyo 47.24, Shanghai 64.12, Montreal 99.93.

New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho-Slovakia Jugo Slavia Austria Rumania Argentina Brash Tokyo Shanghai Montreal

New Orleans Cotton Opens Lower as Trading Eases

New Orleans cotton futures weakened after early declines as traders weighed supply signals and demand prospects. Prices slipped with nearby months under pressure while speculative activity showed modest interest in late-session trading.

Telephones Link Cuba United States and Europe Across Atlantic

The extension of international telephony connects Cuba the United States and Great Britain to Brussels Antwerp Amsterdam and Rotterdam. Radiophone links Atlantic communications enabling U S business men to talk with clients in Western Europe and its industrial centers. Britain already communicates by phone with eleven European countries and calls reach from small villages to remote locales.

Los Wheeh Beelgiem London Cuba United States Great Britain Brussels Antwerp Amsterdam Rotterdam Atlantic America Europe

Wheat futures rise on dust storms and crop damage reports

Dust storms sweep drought areas in Nebraska and Kansas boosting wheat to new seasonal highs. Buying stays strong as crop damage from Austria Hungary and Czecho Slovakia feeds demand. Corn and oats move little. Provisions steady.

Chicago Nebraska Kansas Austria Hungary Czecho-Slovakia

Chicago Livestock Market Report Highlights Slower Trade

Chicago on April 23 shows hogs around 5,000 head with slow demand and drops of 10 to 20 cents for light and medium weights. Top hog price 10.45 for 205 pounds. Cattle yard 400 head with fat steers up 15 to 25 cents on good grades. better cows and heavy feeders 15 to 25 cents higher. lower cutters down 25 cents.

Chicago

Market Report: Live Cattle and Sheep Prices Edge Higher

Cattle prices rise as higher bidding drives vealers and fed steers to around 14.99 and 14.60 for yearlings. Sheep and lamb markets show gains with fat lambs up 60 to 26 cents, clipper wool prices climbing, and California spring lambs reported at 16.50 for 65 to 78 pound weights.

Colorado California

Hunting for body of son of Zeb Marler

A large search party along the French Broad river above the Marshall Mill power dam sought the body of Floyd Marler, 18, son of Zeb and Mrs. Marler of Alexander. He drowned Friday morning while trying to cross the stream in a small boat near Buncombe county.

Asheville Charlie H. Ramsey Madison County French Broad River Marshall Mill and Power Company Floyd Marler Zeb Marler Alexander Buncombe County

Radio test on freight train equipment proposed

New York reports the Pennsylvania Railroad asks Westinghouse to outfit a freight locomotive and caboose with radio gear to evaluate wireless communication between engineer and brakeman on long trains.

New York Pennsylvania Railroad Westinghouse Electric and Manufactring Company

Also Mentioned on This Page

Shuford Coward John FL Clarne & Company Commercial National Bank Whitney Pennsylvania P Cotton Arch Top Eeusnes Battimoré and Ohio Bethlehem Steel Chesapeake and Ohio Ghic Mil St Paul Chie Northwestern Chic Rock I Pac Chrysler Motor Dodge Bros Ce Freeport-Texas Co General Electric Géneral Motors Great Northern Inter Nickel Montgomery Ward Hartford North American Co Northern Pacific Packard Motor Co Fuk Radio Corp Republic I and Steel Reynolds St Louis San Fran Seaboard Air Line Sears Roebuck Simms Petroleum Sinclair Con Oil Studebaker Corp Texas Company Texas Gulf Union Pacific Ty United Cigar Stores Woolworth and Co Victor Talk Medi Re “O Vicks Chem 'S Ats District of Columbia Supreme Court Mary Margaret Hartigan James O'Donnell Porbrign Pachange Cas Cee Pascago Geatn
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