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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 09, 1928
Page
18
Government report puts cotton crop at 14,373,000 bales and brings a sharp market drop. January futures fall from 20.39 to 19.75 as December and May retreat, with Southern selling contributing to the decline amid end of week shipboard stock at 192,000 bales.
Naval Stores market report from Jacksonville shows turpentine steady with 56% grade, 200 sales and 436 receipts while rosin remains firm with 697 sales and 2,128 receipts. Quotes list B to D at 8.30 and rising grades EF through M up to 8.70 with WG at 10.00 and WW X at 11.05.
New Orleans December 8. The cotton seed oil futures market eased as government estimates show a larger cotton crop and greater ginning. Prime summer yellow oil closed at 8.90 and prime crude at 8.25 to 8.50 with a broad front of futures softening from 8.97 to 9.88 across December to May contracts.
Emma Blair reports the regular Parent-Teacher Association meeting in the school auditorium. T Wingate Andrews, school superintendent, played records on the Victrola with Mother Goose jingles and Christmas carols. Mrs H C Byrum summarized the Raleigh congress and members noted a Red Cross Christmas seat sale at the post office amid influenza concerns.
Duke alumni across North Carolina and major cities will observe Duke University Day on December 11. Faculty, officers, and local club leaders will speak at multiple venues from Durham to Richmond, with concerts and banquets planned as alumni tune in to WRVA and celebrate the university's growth and endowment.
Local plan to preserve cedar trees while using pine gathered from the area for holiday decorations. Community leaders urge balancing conservation with festive display needs and suggest alternative ornament options. Trees flagged for protection may limit trimming during winter celebrations.
The Associated Press stock averages show mixed figures with the Dow Jones indicating 147.59, 238.68 high and 178.84 low values amid fluctuating daily changes. Readers are urged to note the inconsistent OCR results and track future updates for clarity.
The data show first grade rails priced at 94.00 and 9418 with bid ranges 94.00 94.18. Second rails at 96.91 97.03. Public Utilities at 97.32 97.40. Industrials at 99.85 99.98. Combined averages 97.05 97.12 and monthly 97.88, yearly 99.59. Total sales equal 65 dollars and 28,000 dollars par value.
The New York market eased with net declines of 6 to 15 points as selling grew after the bearish government cotton report of 14 373 000 bales. Total volume 8 400 barrels with prime crude nominal and futures quotes ranging from 10.00 to 10.55 for December through July.
The text notes common hat sizes 6 7-8 and 7 and shirt neckbands 15 inches and collars 15 1-2 inches.
Don’t be without music in your home. You can have it at less cost than you think by buying a used Victrola or piano from Bland’s at 215 North Main.
Whitney argues for a completed decline with a solid bottom in 90 percent of exchange stocks and a 10 to 12 point industrial advance before a secondary reaction. He cites 6 million shares traded Friday and 10 million Saturday, with institutions buying in a narrow range and large postopen offerings likely.
In a market note from MO F Clark & Co traders suggest buying Canadian Pacific near 220 and Missouri Pacific, Texas Pacific, and New York Central at selected levels. Erie favored around 60 to 62, St Paul preferred 50 to 53. industrials U S Steel 149 to 151, Vanadium Steel 85 to 88, Seats 156 to 160 with all traction groups including BMT IRT and Manhattan modified.
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