Stock market slides as radio concerns lead decline
New York trading opens irregular with blue chip selloff as Radio Corporation common crashes from a high to 296. Du Pont and other major names fall amid forced margin liquidations. Bankers view the move as a natural correction, with potential effects on corporate financing and bank lending.
MENTIONED IN THIS ARTICLE
New York
Radio Corporation Common
du Pont
A. M. Myers
Kolster Radio
Sears Roebuck
Russia Insurance
Texas and Pacific Railroad
Wright Aero
Chicago cash grain prices mixed across cereals
Chicago cash grain quotes show no sales for cash wheat and corn mixed. No. 5, No. 3 yellow and No. 3 white oats values range with No. 4 white at 16. Rye not quoted. Barley prices 57 to 65. Timothy seed 5.25 to 5.89. Clover seed 23.50 to 31.50.
MENTIONED IN THIS ARTICLE
Chicago
City Council Adopts Dalton Street Preliminary Assessment Roll
Public notice records the 1928 resolution of High Point City Council adopting the preliminary assessment roll for Dalton Street improvements. It lists paving costs, frontage assessments, and the December 8 1928 date with hearing set for December 20 1928 at City Hall. It names the Bending & Warehouse Company among assessed parties.
MENTIONED IN THIS ARTICLE
Dalton Street
Green
Russell
High Point
Kirst
Pavng
High Point Bending & Warehouse
Chicago Market Hogs Cattle Sheep Prices Mixed On Week
Chicago reports hogs 5 000 mostly steady with top 8.90 and prices 7.65 to 8.90 for various weights. Cattle show mixed Week compares to last week with fed steers down 25 50 cents, cows and bulls up to 25 cents, vealers about 1.00 lower. Sheep 1 000 with fat lambs strong early then softening. fat ewes and feeding lambs mixed to higher.
MENTIONED IN THIS ARTICLE
Chicago
Cotton market steady as spot prices rise in Liverpool
Liverpool reports quiet spot demand with prices higher across grades led by American strict good middling at 11.55 and strict middling 10.95. Sales reach 4,000 bales, including 2,700 American, receipts 1,000 American. Futures closed barely steady around 10.2 to 10.28 cents.
MENTIONED IN THIS ARTICLE
Liverpool
Stocks rally and fall as trading opens and closes
Traders saw a strong start with nearly a million shares traded in the first hour and a brokerage call to buy leading issues at market price. Call money dropped to 9 percent, but a late selling wave trimmed gains with many top stocks losing 10 to 28 points while Anaconda Copper held a small rise on 165,500 shares.
MENTIONED IN THIS ARTICLE
Anaconda Copper
No Change In Discount Rate And Mixed 1929 Outlook
San Francisco Federal Reserve kept its rediscount rate at 4 percent as market chatter notes for 1929. James A. Campbell of Youngstown Sheet and Tube sees favorable prospects ahead for steel in early 1929 and beyond, while auto contracts in Youngstown signal steady first quarter needs.
MENTIONED IN THIS ARTICLE
San Francisco
Toledo
Kroger Grocer Company
National Cash Register
Chas. M. Schwab
Bethlehem Steel
A. T. and
Amoskeag Manufacturing Company
Dunn's
Dunn
First National Stores, Inc
Radio Corporation
Western Union
Inc. F. Clark & CO
Whitney's Letter Reports Stock Decline and Bottoming
The New York dispatch notes a decline in stock averages and a half rise from election gains. It says volume yesterday helped establish a bottom and hints that today may confirm low prices have brought many good issues back into bargain territory.
MENTIONED IN THIS ARTICLE
New York
Hour
Investment guidance from firms on stock positions and markets
Halle and Stieglitz advise maintaining strict trading, selling on strength and buying on weakness in stocks with strong markets. Hirsch Lilenthal expects stocks of merit to rise with prosperity. MO. F. Clark & Co. notes cotton market reacting to reports and Hubbard Bros. and Orvis Bros. offer varied market views.
Open verdict in Sawyer suicide case in Elizabeth City
A coroner's jury in Elizabeth City returns an open verdict on the death of Ernest I. Sawyer, Pasquotank County superior court clerk, shot in his home after a reported domestic quarrel. Testimony from the cook and Mrs. Sawyer centers on a confrontation and a gun handed to Sawyer. The jury cites death by pistol wound from an unknown party.
MENTIONED IN THIS ARTICLE
Elizabeth City
N. C
Ernest I. Sawyer
Superior Court
Pasquotank County
Sawyer
Nettie Murden
Carroll Case in Standstill as Trial Nears
In Raleigh the Carroll case, a bid by the state board of charities to revoke Highland Hospital’s license in Asheville, paused while Judge W C Harriss reviews other matters. Testimony focused on Dr. Carroll’s moral fitness and hospital reputation with 30 defense witnesses set to counter. Arguments resume Monday at 9:30 AM and a jury is expected Tuesday afternoon.
MENTIONED IN THIS ARTICLE
Raleigh
Carroll
State Board of Charities and Welfare
Highland Hospital
Asheville
W. C. Harriss
Wake County Superior Court
Robert S. Carroll
Harris
Magner Game Details Across Second Half Drive
The play by play covers Duke and North Carolina exchanges with punts returns penalties and short gains. Jankoski and Buie repeatedly advance the ball on off tackle runs and kick formations as North Carolina and Duke trade yardage and turnovers.
MENTIONED IN THIS ARTICLE
Rosky
Farris
Jankoski
Duke
Murray
Buie
Nash
U. N
Ward
Davis
Jones
Parris
Jankoskki
Koenig
Hoenig
N. C
Jimmy Magner
Carolina
Magner
Tar Heel
Hatcher
Kisler
N. Cos
Schwartz
Ray
North Carolina
Whisnant
Hayes
Howard
Ruie
Gresham
Blackwood
Hovse
Warris
Hunter
Jackson
Donahoe
Captain Schwartz
Rowe
Erickson
House
Caroline
Fenner
Presson
N.o
Warren
Luie
Shuler
Krrskew
Blue Devil
Johnson
Miegner
Brummitt
Kistler
Brumsmitt
Hollingsworth
Peeler
Taylor
Maus
N. CC
Jackson Place
Thorn
Carelina
Jankos
Burne
Cotton futures close steady with slight declines in New Orleans
In New Orleans on December 8 the cotton futures market closed steady with a net decline of about 47 to 48 points. Contracts for January through December showed mixed intraday highs and lows before settling lower, reflecting modest demand and supply dynamics.
MENTIONED IN THIS ARTICLE
N. O
New Orleans
P. C
Black Draught Credited For Health Improvement By Miner
Somerset man Albert Garland recalls severe spells in the mines with dizziness spots before the eyes and fatigue. After using Black Draught since boyhood, he reports substantial health gains and keeps it stocked for travel, praising the tonic’s roots and herbs.
MENTIONED IN THIS ARTICLE
Somerset
Thedford
Albert Garland
Also Mentioned on This Page
Bland’s
E. M. Knox
Jno. F. Clark & Co
Commercial National Bank
Allied Chem
Bosch
Briggs
Chesa & Ohio
Chise M St P & Jac
Chie RI & Pac
Congrese
Eligar
del and Hudson
Dodge Bros A
DuPont
Elec L & P Co
Leischmann
Freeport Texas
Gimbel Bros
Goodrich
Goodyear Tire
Gulf Mobile & Nor
Kelly Sp Tire Eee
Kresge SS Com
Lig and Myers B
Ones Inc .Ee
Lorillard P
Mengel
Miami
Mid States
Paccomee
Mont Ward
Murray Coron
Nash Mtre
Otatl Dairy Prod
Natl Pow & Light
New York Central
NOT Am Corpn
Penn R R . Oeee
Pierce Arrow
Radio Corpn St Ee
Hem Rand
Tron & Sti
St Louis San W
Ot Louis
Sears Ree
Simms Pete Oy
Sinclair Oil
Ty Sou Ry
Sou Pac Ry Ae
J . Ee Dm Ve
Studebaker
Tex Corpn
Rex Gulf Sul
Tim Rol
Eevee
Tob Prod A
United Cigar . Se
Union Pac R Ree
Vvick Chem
Warner Bio
West Air
Woolworth
Willys Overland
Yel Irk & Con
Youngs S & T
Chicago Livestock
U. S. Steel
Bethlehem Steel Co
Steels
Union Carbide
Whitney
Hubbard Bros
Orvis Bros
JNO, F. Clark & CO
Elwood SS. Taylor
Robert L. Barklay
Orlando, Fla
Florida
Pasquotank
Harriss
Grid Star
Kenneth Strong
New York University
Bella Harrison
Mrs. Stiong
Miner
Sid
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