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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 25, 1929
Page
19
J L White Realty Co announces its local office at 412 Wachovia Bank Bldg with phone contact 4086 8182 for real estate inquiries and listings in the area.
The report lists regional cotton figures with middling prices, receipts, exports, sales, and stock for cities including New Orleans Galveston Mobile Savannah Charleston Wilmington Norfolk Baltimore New York Boston Houston and Corpus Christi. It records totals for today week and season across interior movement with Memphis Augusta St Louis Fort Worth Little Rock Atlanta Dallas Montgomery and others.
A dense feed of New York bonds and debentures with various coupons and maturities appears, including Am Agr Chem 7s, Am Smelt 5s, Am Tel & Tel deb 5s, B&O cvt 4 1/8s, Cons Gas NY Y 5 4s, and Goodyear Tire 5s. Prices and yields are shown beside each issue, reflecting a busy session of corporate and utility securities trading with multiple quotations and par values.
The New York cottonseed oil market opened active but weakened as demand faded and weekend liquidation set in. Prices closed steady to slightly lower with 2,000 barrels sold. prime crude nominal and futures quotes ranged from 9.00 to 9.70 for various months.
New York stock market shows strong buoyancy despite brokers loans increasing by 133 million dollars, pushing total above 6 billion. Leading issues like United States Steel and Bethlehem Steel hit new highs while rail shares lagged, oils surged, and copper and motors traded heavily aided by ample call money.
Readable OCR shows a busy, partial stock table listing numerous companies and prices. Prominent entries include American Smelting and Refining, Atchison, Topeka and Santa Fe, Baldwin Locomotive, Chica Northwestern, General Electric, Freeport-Texas, Montgomery Ward, Norfolk and Western, Reynolds Metals, Seaboard Air Line, Westinghouse Electric, Woolworth, and others with varied percentages and figures.
Thousands of children of Italian expatriates begin a yearly pilgrimage to Italy with 4800 arriving in the first wave. The trips are organized by Fascist youth groups and run by government ministries to transport youths from Europe and the United States to seaside and mountain resorts at no cost.
Convertibles were the bright spots in an otherwise dull listed bond market. American Telephone Convertible 41-25 rose to 219 and held 144 points of a 4 point rise. The former ended up at 219 then 144 points. American Telephone Convertible 41-25 closed at 215 1/2 for a gain of 1 1/2. Rails generally higher with non speculative issues inactive near yesterday prices.
Raw cotton goods market closed the week firm with light Saturday grey goods demand after a fairly active week. Grey goods sold in several quarters at a better tone than in weeks. Burlapes were quiet with little buying interest. Wool goods markets quiet. Spot raw silks, here and in Japan, were quiet and firm.
A dark room or hallway appears brighter when finished in yellow paint or paper. Bright yellow curtains at windows of a dark room create a similar effect by reflecting more light and enhancing perceived warmth and brightness.
The New York stock market extended a bullish campaign in today’s two hour session with gains in communications, steel and chemical shares. Turnover surpassed 2,100,000 shares as weekend profit taking was mostly absorbed and sentiment stayed firm despite cautious commission houses seeking caution before a possible correction.
Chicago August 24 Wheat values fell as ocean freight rates for southern hemisphere grain were cut and North American export demand weakened. Traders faced lower closing quotes, with corn rising and oats following wheat. A stronger corn trend supported modest rally attempts despite the overall setback.
Conflicting weather outlooks for the southwest and late-day trading produced an uneven cotton session in New York. December dipped to 18.65 then closed 18.78 while October and March rose earlier but pulled back as profits were taken.
Offenders beyond a first conviction will be confined in a separate California prison under construction, marking a shift in inmate housing policy as a new facility nears completion.
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