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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Apr 30, 1928

Page

8

Women Arrested in Aluwyn Apartments Face Trial and Sentences

Seven women and one man were taken in a Friday night Saturday raid on Wrenn street. W. C. Kennedy charged with maintaining a disorderly house received $1,900 bond and a May 29 jury trial. Mozelle Wiles and Mildred Clary seek jury with $200 bond. Loraine Patterson sent to county workhouse for five months. Beulah Black given 12 months suspended and $25 fine. Edna Shumaker referred to juvenile court. Alice Stanton suspended two years. Juanita Driggers suspended, fined $15, must move from Aluwyn apartments and report monthly for one year. All defendants were at Aluwyn apartments.

W. C. Kennedy Mozelle Wiles Mildred Clary Loraine Patterson Beulah Black Edna Shumaker Alice Stanton Aluwyn Juanita Driggers Wrenn Street

Randleman Store Buildings Damaged by Fire

A barn origin fire spread to Randleman business district damaging Nat Newton property and Ben Henley store. The store and stock valued at 3000 with 1000 insured were destroyed. A nearby brick building housing a barber and a shoe shop also suffered damage. Firefighters from Asheboro contained the blaze about an hour after arrival.

Asheboro Nat Newton Newton Ben Henley

Whitney's Letter cites cautious market optimism and stock calls

In New York on April 30 the market stays relatively strong despite high oil and rail highs. Westinghouse Electric and American Steel Foundries rise as anticipated while Loews eyes 85 to 90. Standard Oil of New York soars, with a note to wait for a reaction before further commitments. Cotton prospects cited with replanting costs rising. brokers advise buying on pullbacks and caution on unseasonable weather.

New York Westinghouse Electric American Steel Foundries Westinghouse Loews Collings and Aikman Goodrich Standard Oil of Jno. F. Clark & Co

Stocks and corporate results headlines from March through April

Supreme court meets at noon. Canadian Pacific reports net after taxes of 3 633 000 for the latest quarter vs 2 984 000. three months 8 114 000 vs 6 462 000. British rubber stocks on April 28 total 53 260 tons, down 3 459 from the prior week. California Packing Corp and subsidiaries year ended February 29 net income 3 249 000 after charges vs 5 070 000 last year. California Crude Oil Products week ended April 28 average 626 000 barrels daily, up 7 500 from prior week. Packard Motors April production 4 600 units. first four months 17 599 cars, up 109.5 percent over 1927. Chile Copper Co and subsidiaries 1927 earnings 2.51 per share vs 2.65 in 1926. Anaconda Copper Co and subsidiaries 1927 earnings 3.37 per share vs 4.74 in 1926.

Supreme Court Canadian Pacific California Packing Corporation and Subsidiaries California Packard Motors Chile Copper Co Anaconda Copper Co

Wall Street Mixed Market Outlook With Rail Utilities Oils

New York April 30 A mixed market is expected with rails utilities and oils drawing early constructive attention. The list as a whole shows profit taking selling toward the close. Coming events noted.

New York

Cotton market edges higher amid steady opening in New York

Liverpool cables expect higher prices 5 to 10 points, market opens steady then quiet midday. Spot cotton fair business with mids 4 points lower at 1167. Sales total 6,000 bales, imports 30,000 all American. Weather notes include light frosts in eastern belt and no rain. forecast mostly fair in coming days.

New York Liverpool London Continental Liquidation India China Stanley Macon Jacksonville

Stock Picks Hint at Oil and Copper Strength Early Week

Stock analysts from Homeblower Weeks and major houses urge focus on oils coppers and public utilities as potential lift engines for early week trading. They caution against new commitments while noting better prospects for high grade active issues and rail equipment shares amidst fluctuating conditions.

Homeblower & Weeks Halle and Stieglitz E. F. Hatton & Co Hirsch, Lienthal & Co

New York Curb Market Membership Sold At Record Price

The sale of a New York Curb Market membership set a new record at 95 000 dollars, rising 5 000 dollars from the prior sale. This indicates strong demand and liquidity in the curb market.

New York

New York Dairy Prices Stable and Higher in Creamery

New York dairy notes show butter steady at 6,236 pounds. Creamery butter gains lift with extras at 45.5 to 46 cents, extras 92, score 45, firsts 44.13 to 44.38 cents.

NEW York Dairy New York Butter Steady

Liverpool Cotton Prices and Market Summary

Liverpool cotton market on April 30 shows fair demand with lower prices. American grades lead activity with 7,000 bales sold including 5,700 American. receipts total 3,000 all American. Futures steady with May 11.12, July 11.05, October 10.85, December 10.77, January 10.76, March 10.76.

Liverpool

Silver and Mexican Dollar Rates Reported

In New York on April 30 the market quoted bar silver at 281 grams and Mexican dollars at 457.8.

New York

Chicago Potato Market Report April 30

Potatoes receipts 156 cars in Chicago with 298 on track and 910 total United States shipments for the day. Old stock trading only fair and market firm. Wisconsin sacked round whites 1.85 to 1.90, Minnesota 1.75 to 1.85, Idaho russets 1.80 to 2.00, commercial 1.50 to 1.65. New stock slow, Texas sacked Bliss 4.00 to 4.25, Florida barrel Spaulding 7.00 to 7.50.

Chicago United States Wisconsin Minnesota Idaho Texas Bliss Florida

Clevenburg Letter Weather and Market Roundup

Pool 12 15 p m May 16 July 12 October and December 20 American points lower than due Spots sales 7 000 Middling 11 67 Southern weather over Sunday mostly clear and warmer 100 degrees maximum at Abilene Tex Forecast eastern belt fair today increasing cloudiness tomorrow with showers in interior of Alabama and Mississippi Arkansas cloudy cooler Oklahoma fair west Texas fair east Texas part cloudy cooler Fall River sales for week estimated 60 000 pieces Favor long side on any fair reaction West Texas badly in need of rain much replanting and re fertilizing necessary in southeast crop late in nearly all sections.

Clevenburg New York Liverpool Abilene Tex Alabama Mississippi Arkansas Oklahoma West Texas East Texas Fall River

Wheat futures rally as buying broadens in Chicago

Chicago April 30 traders saw bids of 182 for July wheat up 16 cents from yesterday. Prices rose to 21 to 233 4 as demand from eastern buyers and Wall Street operators increased. Analysts anticipate higher prices on dry weather and upcoming private crop reports noting likely abandonment of winter wheat acreage.

Chicago Wall Street Tribune

Livestock Market Report Shows Varied Demand Across Classes

Pigs 90-130 lbs valued 840-960. cattle receipts 20,000 with 4,000 calves. Fair trade for better grade fed steers and yearlings. lower grades weak. Heavy steers 1490. bulk all grades 12.50-14.00. Slaughter steers 1300-1500 lbs 1325-1490. 1100-1300 lbs 1315-1475. 950-1100 lbs 1315-1475. 850 lbs up 925-1325. Heifers 850 lbs and down 1250-1400. common 875-1250. Cows 860-1175 good and choice. common 750-860. cutters 600-750. Bulls 915-1050. cutters 775-925. Wealers 1050-1450. stocker steers 1150-1275. Sheep 15,000 with fat lambs and feeding lambs strong. California springs 1475-1950. Lambs 92 lbs down 1585-1715. medium 1500-1625. cull 1225-1500. Ewes 150 lbs down 765-1625. cull 175-850.

California Springs

Raw sugar holds steady as contracts edge higher

Raw sugar in New York remains unchanged at 4.27 duty free and 4.33 Cuban. Trade shows 28 700 Porto Rican bags at 4.27 and 36 000 at 4.29 to operators. May futures dip one point on liquidation from 100 notices, later months rising one to three points on house buying and Cuban European activity. Refined prices steady at 5.95 to 6.00 with old contracts clearing and new business expected.

New York

Cottonseed Oil Prices Rally in New Orleans Session

In New Orleans on April 30, cottonseed oil closed strong with summer grades rising. Prices listed include prime crude 900 to 912 1 2, and futures advancing through May 1028, June 1030, July 1040, August 1050, September 1062, October 1064, November 1062, and December 1064.

New Orleans

Turpentine and resin firms report April figures in Savannah

In Savannah on April 30, naval stores data show a turpentine firm with 50 sales, 553 receipts, 281 shipments, and 10,303 stock. A resin firm records 471 sales, 1,098 receipts, 981 shipments, and 65,433 stock. Quotations list various grade codes with prices from 10.00 to 10.00.

Savannah

Metals Market Report From New York Affected By Steady Prices

In New York on April 30 copper remains steady with spot and futures at 1414. Iron remains quiet with No 2 prices from Eastern Pennsylvania Buffalo Alabama at 1600 to 1700. Tin weak with spot 5125 and futures 5057. Lead steady with spot New York 610 and east St Louis 600. zinc steady at 580 to 5874 percent. antimony at 1025 and quick silver listed.

New York F.o.b Pennsylvania Buffalo Alabama East St. Louis

Call Money Markets Report from New York Scene

Call money stronger with high 6 and closing bid 6 while time loans stay firm. Mixed collateral 60-90 days at 5, 4-6 months at 5. Prime mercantile paper shows varying rates and bankers acceptance premiums across 30 to 90 days and up to 6 months.

Call Money New York Prime Mercantile Paper

Spot Cotton Opens Steady in New Orleans Trade

In New Orleans on April 30 spot cotton closed steady with a 40 point gain. Market activity totaled 989 sales with low middling at 2148 and good middling at 2188, receipts 6,148 and stocks 340,444.

New Orleans

Foreign exchange quotas mixed in New York quotes

Foreign exchange market in New York shows mixed quotations on April 30 with demand and cable rates for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark and Switzerland. Details include Great Britain 487 9 16 bid and 487 15 16 cables and other currency figures across several nations.

Foreign Exchange New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland

Unclear Sports Odds From Global Fixtures

Fragmented odds list includes Spain Greece Poland Czecho-Slovakia Yugoslavia Austria Romania Argentina Brazil Tokyo Shanghai Montreal with varied numeric values. No coherent match results or dates provided.

Spain Greece Poland Czecho-Slovakia Jugoslavia Austria Rumania Argentina Brazil Tokyo Shanghai Montreal

U S Government Bond Prices Reported in New York

U S Government bonds closing in New York show Liberty 3 1 2s at 101 and various Liberty and Treasury issues with prices around 100 to 115. Treasury 4 1 446 stands at 115.5 and Treasury 3 3 8s at 102.10.

U.S. Bonds New York U. S Liberty Treasury

Grain Prices in Chicago Market Report

Cash grain prices from Chicago on April 30 show Wheat No. 2 hard at 1.73 and No. 1 Northern Spring at 1.74. Corn bids include No. 3 mixed at 1.09 and No. 2 yellow at 1.10 with 3-4 1.13 1-4. Oats quotes for No. 2 white 68 1-2 to 70 1-2 and No. 3 white 66 to 70 1-2. Rye had no sales while barley traded 96 1.09. Timothy seed ranged 3.75 to 4.50. Cloverseed 19.50 to 26.50.

Chicago

New York Cotton Opens Steady Amid Early Decline

The New York cotton market opened steadier after an initial drop of 15 to 21 points with May at 21.07 and October 20.65 as traders weighed favorable southern weather. By midhour prices recovered some losses with May at 21.15 and October 20.76, aided by private forecasts of 4.2 percent acreage growth and 28 percent of crop planted by April 28.

New York London Continental Liverpool

Cotton futures show gains across months in New York

New York April 30 cotton futures edge higher with Jan to Dec contracts posting gains. The opening prices range from 2061 to 2112, highs between 2117 and 2171, and closes from 2104 to 2162 on the session.

Petter India New York

New Orleans Cotton Opens Soft Then Rises In Morning Trade

The New Orleans cotton market opened easy on April 30 with Liverpool cables down and weather forecasts unsettled. Early trades fell 16 to 21 points to around 20.55 July, 20.28 October, 20.29 December, then recovered as demand improved and prices gained 10 to 40 points from the lows, closing strong with most active contracts showing advances of 37 to 50 points.

New Orleans Liverpool

Chicago Grain Prices Rise as Weather Stays Dry

Chicago grain market reports active trading on April 30 as dry weather persists in the southwest west and northwest regions. Wheat prices move higher amid the weather-driven demand and ongoing market activity.

Chicago

Chicago Hog Market Slumps Ten Cents From Friday

Chicago April 30 hog market uneven steady with 50 000 head traded. Top 1055 paid for 215 lb averages. Butchers 130-160 lb to 250-350 lb ranges 890 to 1035 cents per hundredweight. Packing sows 825 to 900 cents.

Chicago Livestock Chicago

Wheat futures hit season high in Chicago deliveries

Wheat prices rose sharply in Chicago today with May futures jumping above 1.70 a bushel after opening at 5 8 to 11 4 cents. Corn and oats gained strength while provisions traded easy as markets moved higher overall.

Chicago

Ingram Baby Dies at 309 Coletrane Street

Infant son of Mr and Mrs C J Ingram died at home at 309 Coletrane Street yesterday morning at 2 oclock. Funeral services were held yesterday afternoon at 2:30 at the Mount Vernon church cemetery in Randolph County.

Cotton Briefs Daylight Saving Impacts Market Hours

Daylight saving time starts with cotton market operations running 8 a.m. to 1 p.m. on weekdays and till 10 a.m. on Saturdays until September. Lower Liverpool cables reflect liquidation. Manchester notes stronger India demand but weak China demand. Last week's trends show stock booms extending to commodities with gains across all grains.

Liverpool Manchester India China

Priges Swing Up In Stock Market

New York April 30 marking up on the call money rate from 5 to 6 per cent checked a sharp upswing in prices in today s stock market Oils were in the vanguard climbing one to 10 points with about a score issues touching new peak prices Rails were inclined to heaviness Delaware and Hudson rose five points in early trading Raising of the money rate followed the calling of about 30 000 000 in loans to meet heavy month end currency demands Indian Refining gained 9 points to 124 1 2 a new oil peak while Standard Oil of New York and New Jersey led in activity General Asphalt rallied about 4 1 2 points Other issues moved up 1 to 3 points Strong in American Bank Note Brooklyn Edison Coca Cola Underwood Elliott Wright Aeronautical Electric Auto Site and American Water Works News on rail earnings showed 73 lines reporting March net income 84 917 250 vs 87 488 786 in 1927 a 2 94 percent drop New York Central Lehigh Valley Lackawanna and Pittsburgh and West Virginia fell 1 to 2 points.

New York Delaware and Hudson Standard Oils New Jersey American Bank Note Brooklyn Edison Soca Cola Underwood Elliott Wright Aeronautical Electric Auto Site American Water Works New York Central Lehigh Valley Lackawanna Pittsburgh West Virginia

Aged Raleigh Woman Mrs J A Higgs Dies at 78

Mrs James A Higgs mother of Sherwood Higgs James A Higgs Jr of Atlanta and three daughters, died at her Raleigh home after celebrating her 60th wedding anniversary with a recent flight to Atlanta. She was 78 and a native of Nottaway County Virginia. Burial planned at Raleigh.

Raleigh James A. Higgs Atlanta Higgs Sherwood Higgs Jas. A. Higgs, Jr Harry C. Walter Indianapolis Gilbert E. Smith Somerville

Mrs Hart Dies in Tarboro After Illness

Mrs. W. Hart widow of former state highway commissioner W. A. Hart from the first district died yesterday after several months of illness in Tarboro.

Mrs Griffth Dies in Salisbury at 54

Salisbury report states Mrs. Molly Griffith widow of Dr. J F Griffith died yesterday from heart trouble at age 54. Funeral services are planned for 11 o'clock tomorrow morning.

Weather map shows lingering low pressure over region

A favorable Sunday gave way to a weather map indicating a broad area of low pressure. Forecasters warned of a possible return to unsettled conditions in the near term.

Weather Eases Market as Cables Help Open

Weather conditions are likely to be the main factors in the near future while the lower Liverpool cables aided an easier opening in today’s market.

Liverpool

Ox Gall Boost for Liver Health Promoted in Ad

An old advertisement touts ox gall as a liver stimulant to combat “Americanitis” and high blood pressure. It promotes Dioxol tablets as ten drops of ox gall per tablet, costing under two cents, and offers free samples from Mann Drug Stores through special agents.

Mann Drug Stores

Also Mentioned on This Page

Randleman HE Maternity Lever Bros. Co Cambridge, Mass Whitney Central Belt Louisiana the Times Hubbard Bros Wade Bros EF. B. Keech & Co Goodyear West High St Tours J. F. Clark & Co Naval Stores Springfield Armpton Afolk Eure Mail North Mail South Mail South Man Pitcairn New York-Atlanta Boston Mexico City Baltimore and Ohio Bethlehem Steel Chic and Northwestern Pac Chrysle Motor Ae Crucible Steel Dodge Bros Inter Nickel Ee Sy Kennecott Copper Tee Mack ‘Truck NYN H Hartford Packard Motor Car Sie Pan-Am Pet Radio Corp Republic I and Steel Te Reynolds Tobacco Seaboard Air Line Sears Roebuck Simms Petroleum Ceneteae Sinclair Concil Southern Pacific Southern Ry Standard Oil of NJ Stewart Warner US Steel Keene Wabash Ry Oe Ae Westinghouse Elee Eee White Motor C Willys Overland Ee Priges J. A. Higgs White House
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