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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 01, 1929
Page
15
Wheat rose to the highest closing levels in weeks as buying intensified on European demand and tight December deliveries. Traders cited expected small Monday deliveries, a lean Argentine surplus, and rust damage in Argentina while Winnipeg markets supported a bullish shift.
Naval Stores data from Jacksonville shows Turpentine firm with 214 sales 301 receipts and 27 898 stock while Rosin firm posts 894 sales 1 335 receipts 450 shipments and 112 179 stock. Quotes include B to 1725 K to M 750 WG 800 WWX 850.
New York Nov 30 Cotton goods markets closed moderately after an active week with print cloths dropping a half cent per yard and other fabrics easing. Prices edged lower especially in sheeting while yarns remained quiet. Burlaps from Calcutta eased a penny for future shipments as spot raw silk stayed steady in a subdued market.
In New York on November 30 cotton seed oil stayed quiet with December closing about 7 points higher and later months mostly steady to down. Trading showed 2,500 barrels with various spot and forward prices listed for December through July contracts.
If you have anything to sell, place it in the Enterprise. Two tickets are available after No 3820 had a winning number this morning. The notice emphasizes low cost and big results for readers.
Lester P. Mead admits in Los Angeles to pulling the spikes that wrecked the West Coast Limited near Saugus California. Robbers then robbed the passengers and Mead says he was hired to remove the rails.
New York cotton trading was quiet with an 8 to 10 point range, January contracts easing from 17.87 to 17.80 and closing down about five to a half point. Buyers cited cold southern weather and ginning talks, while traders balanced weekend account adjustments amid light demand and liquidation.
New notaries commissioned include Mrs Sallie M Boettcher of Elizabeth City H A Gunter of Aberdeen Fred A Green of Rockingham Miss Elizabeth H Harris of Charlotte C G McAuley of Rocky Mount B A Parker of Lillington G A Richardson of Raleigh and G W Stewart of Biscoe with date November 30 in Raleigh.
The New Orleans cottonseed oil futures market opened quiet and steady with little trading. Prices ended unchanged for prime summer yellow oil at 7.90 and prime crude at 7.12 to 7.37 percent. December through June contracts closed at 8.00, 8.07, 8.27, 8.43 and 8.47 respectively.
The massive generating facility near Chicago reports a total output of 278820 horsepower, underscoring its status as the world's largest plant of its kind. The achievement highlights the plant's scale and engineering reach in the regional power grid.
Enterprise Bureau Raleigh warns drivers to lock cars at all times as an uptick in thefts is reported statewide. Captain Charley D. Farmer and L. S. Harris note 24 cars stolen in a 75 mile radius of Raleigh last week. They urge motorists to carry registration and cooperate with patrols while theft bureau traces suspects.
The New Orleans cotton market dated Nov 30 was quieter than usual with hedging near close pushing prices to the day’s lows. January fell to 17.24, March to 17.51, May to 17.77, closing 7 points lower, influenced by unfavorable cables and end of week selling.
New York reports from Ohio steel centers indicate signs of moderate improvement in steel requirements over the past few days, with flat rolled materials in demand. Pipe business is strong enough to run mills at 50 to 60 percent capacity, seen as satisfactory for the season.
Immediate stock market decline shows in the electrical cement market with notable impact on the eastern and Pacific coast districts. A survey from last week finds business in other areas holding up to normal levels.
Thomas Hale, tied to the New York Cotton Exchange for over 25 years and secretary since 1915, resigns and will relocate to Tucson Arizona.
The City of New York will open bids on December 11 for 965000 par value long term securities. This issue was originally planned for October 30 but was rescheduled after an earlier call.
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