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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 11, 1928
Page
9
New York December 11 The stock market continued to recover under short covering and easier credit conditions. High priced comunes jumped 5 to 15 points with copper utilities merchandising motor and rail shares leading gains. Call money touched 8 percent then fell to 7 percent as loans stayed stable.
In Chicago on December 11 potato shipments reached 41 cars on tracks and 223 on the season, totaling 403. Trade slows as Wisconsin round whites sell around 5 1.05, Minnesota and North Dakota around 5 95, Red River Ohio at 1.10, and Idaho Russets 1.45 to 1.65.
Trading in New York stocks shows mixed results with key indexes fluctuating as investors weigh earnings signals. Prices for major industrials and tech names move within narrow ranges amid cautious sentiment and late day volume.
Chicago livestock report shows hogs steady to lower with top 8.70 for 240-280 lb hogs. cattle and calves mixed with slow trade and lower grades. fat lambs and feeders steady to weak amid varied weights and price ranges across hogs cattle sheep and lambs.
Chicago market notes corn favored by stronger export demand and active speculative buying with favorable weather hints for country movement. Early estimates show 659 million bushels more corn used and marketed than last year, suggesting a smaller midwinter run. corn closed 1.5 to 2 cents higher, wheat up 1.4 to 9 cents, oats up 1 to 4 cents, provisions mixed.
A monument to Blasco Ibanez, the Spanish writer who lived in Menton, will rise in the public square despite the city council refusing funding. The writer’s widow will finance the project. The piece notes rainfall missing averages in recent decades.
Local gardeners warn cedars and holly shrubs grow slowly but warn neglect could jeopardize yards. They urge timely pruning watering and protections to prevent deterioration and loss.
Farm experts praised cooperative marketing in cotton, tobacco and livestock as speakers at the American Farm Bureau Federation annual convention suggested under consumption rather than overproduction. Duncan cited high taxes as lowering purchasing power while Banman and Moser highlighted improved marketing systems and lower bank rates for cooperatives. Stone predicted surpluses would be eliminated by cooperative groups.
Mrs Addie Johnnson Craver 28 wife of A H Craver of 315 Burton street died at a local hospital this afternoon at 2 o clock after more than a week of illness. She leaves her husband four children Paul William Archie and Dorothy her father E B Johnson Randolph county three brothers E L and W B Johnson of High Point and E B Johnson of Gaston Alabama. She was a member of Salem Baptist church Winston Salem. Funeral arrangements had not been made.
Monsignior Ladeuze rector of Louvain University has been named Bishop of Tiberias Palestine while remaining head of the university. The appointment follows the Louvain library incident and is reported from Louvain Belgium. Whitney Warren, an American artist, has sued over the library matter.
Between April 1 and August 31, 1928 the Peace Bridge linked Buffalo New York with Fort Erie Ontario and carried 1 092 829 motor and other vehicles.
Stock tape signals bottom formed and initial rally underway with yesterday’s advances noted as a turning movement. Cautions against bidding too high at open while predicting a retrace of much of the prior three day decline and a to-be-seen testing of new highs as major issues shift.
Liverpool cotton market shows steady prices with gains across grades. American grades lead sales totaling 6,000 bales, including 4,300 American, while futures settle steady with Dec at 10.32 and later months around 10.33 to 10.35.
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