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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 03, 1930
Page
15
Classified display for Wolverine Trimming Shop offering upholstery curtains covers and glass for cars along with factory painting striping fender body woodwork radiator cleaning and repairing. Located at 244 N Wrenn St contact phone 2083.
Beauty parlors on English Street advertise Eugene permanent waves at seven dollars with appointment phone. In New York the cotton goods market showed quiet activity with easy gray cloth prices and buyers more interested in broadcloth and suede coatings. raw silk remained quiet as burlap and floor coverings saw some weeklong trading.
The cottonseed oil market in New York shows fair activity with Friday's advance and firm tone as locals and refiners absorb offers. Contracts closed unchanged to 10 points lower amid 4 700 barrels sold in old contracts while stocks at docks totaled 4 845. Prices for prime crude and various contracts ranged from 7.45 to 8.03 as of August 1.
The commanding lead of Billy Arnold, a 23 year old Chicago racer, threatens Louie Meyer’s two year reign as America’s championship driver. With four remaining events, Arnold holds 888 points to Shorty Canton’s 480. A win in the 200 mile race September 1 at Altoona would boost him by 240 points and seal the title.
Engineers at the Aberdeen proving grounds will study highway wear from heavily loaded buses. A two month test will use a test bus equipped with various high pressure and balloon tires to determine which tire type causes least damage to concrete pavement.
Commissioner William A. Graham declares North Carolina blessed by Providence in the Far Forecaster preface. He notes diverse agricultural interests and says the issue provides an exact status of North Carolina farming as of now. Statistician Jank Parker discusses data sourcing for the Forecaster.
Steel conditions showed little change over the week with gains in railroad buying while consumer lines remained cautious and output stayed moderate. Copper sales in July totaled 167000 tons domestic and 80000 tons for export as outside market demand softened late in the month.
Prices moved higher at the open but closed modestly firmer as weekend covering and steady demand supported December and March contracts. News of favorable weather expectations and crop reports kept the market buoyant, while Liverpool markets remained closed for bank holidays.
New York August 2 The curb market showed minimal activity with only 132000 shares traded and about 170 of 2000+ issues appearing on tape. Most price changes were tiny with no clear trend as utilities and oils fluctuated. Duke Power and Hartford Electric rose on odd lots while Gulf and Lion moved modestly.
The two hour trading session showed a fair market with reduced volume but overall uptick in bond prices. Convertible issues remained firm with two notable strengths as St Paul and Warner Brothers issues rose, while some stocks dipped including the associated exchangeable. Foreign bonds were quiet but steady with several European issues holding gains. Domestic rails showed minor advances led by Seaboard and Union Pacific, though New York Central trailed with losses.
New York reports outputs to stay at 60 percent at Youngstown Sheet and Tube, Falcon Sheet Works resumes after idleness, Newton Steel unchanged, and A M Byers Girard plant resumes with puddling at 40 percent and steel at 80 percent. Upper lake ore shipments for July total 8,586,649 tons versus 10,670,882 last July, with seven month total at 24,324,222 compared with 32,910,820.
Inland Steel and Iron, a subsidiary of Jones Steel Corp, is inquiring for three locomotives and has placed a order for 42 air-dump cars with Koppel Industrial Car and Equipment Co., according to Railway Age.
The Pacific Telephone and Telegraph system reports first half 1930 net income of 7,910,372 dollars versus 7,752,914 dollars in the prior year. Earnings per share after preferred dividends were 4.01 dollars on 1,359,612 shares, or 3.04 dollars on 1,789,225 shares at end of June, comparing to 5.69 dollars on 930,000 shares in 1929.
The Maytag Company shows a net profit of 1 382 927 for the first half, down from 3 236 121 year earlier. Second quarter net income totals 991 150 versus 1 915 153 a year ago, with six months earnings equal to 44 cents a share against 1 55 in 1929.
Market notes report 4146s and Pennsylvania Gold 5s mixed. I R T 6s attracted buying and rose over a point. Utility Power and Light 5s slid. American Telephone issues held steady to firm. Sugar prices stayed low while Vertienties 7s and East Cuba 74s eased one to two points. Containde Co Warrant 5s climbed. Mc Kegson and Robbins 5s fell.
The New Orleans cotton market opened four to seven points up and rose as much as 14 points on favorable weather in the central and western belts. Prices later declined on bearish weekly forecasts, ending the day with modest net gains of 3 to 4 points. October finished at 12.64 and December at 12.83, after intraday highs.
The cottonseed oil market remained steady with gains in summer yellow oil to 20 points and crude to 6.57. Futures closed steady with August near 7.26, October near 7.20, and January around 7.28 as cotton belt strength supported prices.
Recent race figures from New Orleans show Queen High and Jah Trot in a noted performance with varied closing prices. The data include multiple bet values and dated entries, reflecting a busy wagering segment at the track.
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