Record Stock Rally Pushes Averages To Historic Highs
A sudden rally sent the general industrial average to a historic peak and the general railroad average to the highest since March 1917. Rail and high priced industrials led, with firms like American Can, Mack Trucks, General Electric, International Telephone and Westinghouse Air Brake reaching new highs. Wheat and cotton prices turned down as rains in the southwest supported crops. Bond issuance stayed light, while call money declined and time rates softened. Foreign exchanges remained steady amid cautious optimism over weather and traffic trends. Cotton on shipboard awaiting clearance stood at 29 778 bales versus 28 137 last year.
MENTIONED IN THIS ARTICLE
New York
American Can
Mack Trucks
General Electric
International Telephone
Westinghouse Air Brake
Liverpool
Manchester
Russia
Cottom
Cotton Market Sags On Rain Outlook In Southwest
Private reports of rain in Texas and talk of hedge selling by the south weighed on the cotton market in New York. December eased to 23.63 after opening weakness and early rallies, with October and January showing mixed moves as weather hopes and south selling pressure influenced prices. Trading closed with declines of 6 to 9 points amid ongoing uncertainty over Texas weather.
MENTIONED IN THIS ARTICLE
New York
Texas
Liverpool
Texas Weath
Lame market in cotton exchange at New Orleans
The New Orleans cotton market on Saturday showed a dull session with prices drifting. Early losses from lower Liverpool cables and Texas rains gave way to short covering, lifting Oct and Dec futures before closing near the day’s bottom amid ongoing rains, heat, and mixed regional advisories. Exports for the day reached 7,257 bales while numerous government and corporate bond listings followed.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Grouth
Texas
Oklahoma
Mississippi
Copper and Power Stocks Mixed in Market Ticker
A stock ticker shows varied prices for copper, power utilities, automobiles, gas and fuel firms, tires, railroads, and chemical shares. Notable entries include Goodyear, Northern Pacific, Union Pacific, Sinclair Oil, Southern Pacific, andPublic Service of New Jersey with mixed yields around 80 to 110 percent, reflecting fluctuating demand and sector movements.
MENTIONED IN THIS ARTICLE
Chile
Denver
Dodge Bros
Empre
Eplegen
Ifen
Goodyear Tire
Great Northern
Hudson and Manh.adj. Inc
Inter
Northern Adj
Mo. K
T. New
Adj
New. Orléans
T. and
New York
St. L
Eadaves
Norfolk “and
W. Cvt
Northern Pacific Rfg
Pan-Am
Pet
Tare Penna R. R. Temp
Public Service of N. J
St L
Fran, Inc
Onboard Air Line Adj
Sinclair Con Oil
Southern-Pacific
Southern Railway
Southwest Bell Tel
Union
Pacific Ist
U.S. Steels
Car. Chem
Fea Parenee
Virginia Railway
Bonds Show Firmer Tone Across Saturday Trading
New York Aug. 15 Bond prices held a firmer tone in today's session with stronger demand and notable institutional buying. Norfolk and Western convertibles rose a point before paring gains, while Reading General 4 1 2s fell. Oil issues improved with Sinclair 6s and Pan American 6s up about a point. Pacific Gas and Electric 5s led utilities with about 1 1 2 points advance.
MENTIONED IN THIS ARTICLE
New York
Norfolk and Western
Chicago
Terre Haute
Southern Railway
Sinclair 6
Pan- American 6
Pacific Gas and Electric 5
Public Service Corporation of
New Jersey
Southeastern Power and Light Company
Consolidation Coal of
Maryland 5
Patterson And Anderson Win Singles for Australia in Davis Cup
In Montreal on August 15, Gerald L. Patterson and James O. Anderson won their final singles matches in the second round Davis Cup series against Canada, giving Australia a 5-0 sweep. Anderson defeated Jack Wright 6-2 6-4 6-1, Patterson edged Willard Crocker 6-4 11-9 6-4, after earlier Australia took two singles and one doubles. the victory advances Australia to a match against Japan.
MENTIONED IN THIS ARTICLE
Montreal
Gerald L. Patterson
James O. Anderson
Canada
Anderson
Jack Wright
Patterson
Willard Crocker
Australia
Japan
Cottonseed Oil Prices Mixed Amid Liquidation In New York
Cottonseed oil traded unevenly with old crop months easing from tired holders while new crop deliveries held steady thanks to fresh buying through brokers and light selling. Closing bids ranged five points lower to 10 points higher with 11,500 barrels sold.
MENTIONED IN THIS ARTICLE
New York
Card of Thanks for Mozelle Thomas
We thank friends and neighbors for kindnesses and sympathy shown during the sickness and death of our dear daughter Mozelle. Grateful for the many beautiful floral designs from J A Thomas and Family.
MENTIONED IN THIS ARTICLE
Mozelle
J. A. Thomas and
University Extension Classes to Be Held in High Point
The University of North Carolina will conduct extension courses in High Point for 16 weeks starting October 2. Professors Walter G. Matherly and A. C. Howell will lead two courses, Industrial Management and Business English, at one and one half hours per week, with tuition of ten dollars. The program targets adults and may attract large enrollment.
MENTIONED IN THIS ARTICLE
North Carolina
High Point
Chapel
Hill
Walter G . Matherly
South
A. C. Howell
BE. R. Rankin
M. Grumman
Rand
University of North Carolina brings extension classes to High Point
The university’s extension service aims to place courses at the city’s door in an industrial center like High Point. The program is designed to aid local finance and markets management by offering courses tailored to local needs and beneficial to the community.
Edgerton Captures Biltmore Forest Golf Title
N E Edgerton of Raleigh won the Biltmore Forest Country Club summer golf tournament at Asheville defeating 17 year old Beverly Mason of Washington DC 5 and 4 in 36 holes. Mason led down to the end. Tommy Aycock of Jacksonville won the first consolation from F G Newton of Brookline MA in 18 holes.
MENTIONED IN THIS ARTICLE
Edgerton
Asheville
N. E. Edgerton
Raleigh
Biltmore
Forest Country
Bever
Ley Mason
Washington
D. C
Mason
Tommy Aycock
Jacksonville
F. GC. Newton
Brookline
Mass
Also Mentioned on This Page
Lame Market
Dutch East Indies
French Republic
Kingdom of Belgium
Rep
Poland
G. B
Ceee Eee
U.S
Brazil
Agro Chem
Spielting
le At. T
San Fe
Baltimore and Ohio
Bethlehem Steel Con
Bklyn
Trans. S. Fisce Ee
Central Leather
Chesapeake and O. Cvt
Alton
East Iliiais
Great Western
Northwest
R. I. Pp
Tere Haute
E. Jang
Patterson - Anderson
Tire Service Co
Oly
Kans
Tex
Allis Chalmers
Neem Eee
Pacific Old Montgomery Ward
Locomotive
Eeeeseae IL
New York Central
Eee Wees
SN. Ys. H
H. We
Tel
Eee Eee Ere Teens 22 68 53 683% Am. Woolen
Northern Pacific
Pacific
Atch. Top
S. Feene Ee & 12
Pan-Am. Pet
Atlantic Coast Line
Baldwin Locomotive
Phillips Petroleum
Ewe
Bethlehem Steel See Neve
Radio Corp
California Petroleum
Central Leather Pfd
Eae Rae
Republic Ft. and Steel Ae
Cerro de Pasco
Reynolds Tobacco
St. Louis
San Fran
Chandler Motor Ae
Chesapeake and Ohio
Seaboard Air Line
Chic. Mil
St. P
Seabord Air L
Chicago and
Northwestern
Sears Roebuck
Shell Union Gil
Rock I
Pac
Coca Cola Sears
Simms Petroleum
Crucible Steel
Sae Eae
Southern Ry Aes
Davison Chemical Eee
Standard Oil
Dupont de Nem Teeter Wees
Standard Oil of
N. J
Houston Oil
Springfield Tire
Steel Meade Eaee
Wanecott
Univ
Rad
Svijle and Nash Ae
Westinghouse
Es.s
Willys Overland
Eacaevae
Woolworth and Co
Nel
C. A. Lewis Sur
Main
Hutchens
Fresh Meats
Cunningham
D. Ray
Snow Lumber Company
Cunningham Brick Consboro
N.C
E.R. Lyon
Guilford
the Happy Feed Store
Wrenn Street
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