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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 21, 1926
Page
14
Trading showed no clear trend yet bullish moves in American Can pushed the stock to a fresh peak, about 69 points above its yearly low. The session closed with uneven moves as bears tested weak spots in several sectors while a minority of industrials and refiners held gains.
Stock prices showed irregular and inconclusive movement amid February’s usual off-month tone. Commodities declined while call money rates stayed stiff and French francs weakened near a record low. new bond offerings around two million dollars attracted strong interest. Bear traders trimmed several industrials and unseasoned issues, yet gains appeared in American Can and General Electric as bulls tried to hold positions. Japanese yen surged to a three year high.
Wholesale houses report steady activity in small lots this week but February underperforms January in several centers. Raw silk prices hold steady due to strong Japanese exchange while printed silks and cottons stay active. Leading firms plan fall worsted lines next week, with few novel colors and burlap prices firm at Calcutta and locally.
In New York on February 20, buying of March refining contracts and steady crude kept the cottonseed oil market firm with a narrow range. Prices ended with small advances and declines, 7,400 barrels traded, notes show prime crude at 16.50 and futures: March 11.28, May 11.70, July 11.82, September quoted.
New Orleans February 20 The cotton market shows heightened activity as the final session before a double holiday prompts liquidation of March positions. Prices swing from initial losses to intraday highs before ending near the day’s lows with a net decline for March and minor changes for other months. Exports for the day reach 26,804.
List of various international government bonds and corporate debentures with prices and yields including Argentine and Austrian government bonds, Canadian, Dutch East Indies, French, German, Japanese, Belgian issues, U S and UK entries, and industrials like Anaconda Copper Bethlehem Steel and Goodyear Tire with yields ranging roughly from 28% to 131% and notes on specific issues and maturities.
New York bond market shows almost no activity as holiday queues limit trading. Investors await U S Treasury financing plans for March 15 while sugar company bonds led gains and public utilities stalled. Total bond sales reach 5.824 million dollars.
Chicago wheat futures climbed after stocks neared depletion with May at 1.68 to 1.69 and July at 1.48 3-4 to 1.48 7-8. Corn advanced 1-4 to 1-2 cents while oats edged up to 15 cents in provisions, with overall firming at the close.
The Charol Art Club will meet Monday February 22 at 7 30 PM in the High Point College Auditorium. The event invites members and interested guests to attend a structured program and showcase.
Market watchers saw no clear price direction as 20 leading industrials posted a new high driven by American Can and General Electric gains. Public participation waned amid new offerings and adviser caution while steel demand disappointed. Devoe and Raynolds plunged from 104 1 8 to 45 3 4 and rails revived late week on expected 1925 earnings.
March cotton traded with a premium of 56 to 56 points over May while demand from near months shorts drew down certified stocks to about 18 000 bales. May reached 19 75 and October 18 22 before a late day retreat as selling on weaker tone in New Orleans and hedge activity pressured prices.
In High Point last night three city high schools Greens boro Reidsville presented comedies and a tragedy as a district contest for a Chapel Hill tournament. Reidsville won with Gaius and Gaius Jr Elliott Wood led the strong cast. High Point placed second with The Neighbors Greensboro finished third with The Last of the Lowries.
The Sunday program includes an 11 o clock organ prelude and hymn, prayers, a sermon by the pastor titled The Heart of the Gospel, offertory, anthems by Gounod, and a 7 30 evening service with songs and a pageant led by Miss Mary Wall and the Missionary Society.
Mrs and Mrs Harry Doctor announce the birth of a daughter at High Point hospital.
High Point Chorus announces a spring performance of The Holy City by Gaul to celebrate its 10th year. Rehearsals start March 2 every Tuesday at 7 30 PM with a book cost under one dollar. The High Point orchestra seeks players in violin through horn and will rehearse weekly at High Point college auditorium.
The Reverend Bishop W. J. Walls will preach at 11 a.m. and 8 p.m. at St Stephens AME Zion Church. The public is invited to attend both services.
The Blue Star Bus Line Inc operating Greensboro to Charlotte with HQ in High Point has been sold to Southern Coach Co of Norfolk Virginia for about 25000. Farlow remains in charge locally and the line will run on about the same schedule with no extra buses. Southern Coach has other North Carolina holdings and operates large buses.
Miss Sallie McCracken and Annie Hall hosted Briarfield chapter of the U D C at the West Chowan orphanage building. The gathering featured Confederate and U S flags, a Lincoln birthday program, a reading on the great war president, orphanage quartet songs, and patriotic readings followed by refreshments.
The Warger Jewelry Store advertises matching your odd silverware pieces at cost, offering customers a practical way to complete sets with affordable pricing and a focus on value.
A designated 8 pm service features a well trained choir performing a choral and instrumental program. Selections include Chanson Triste, Love Divine All Loves Excelling, O Praise the Mighty God, My Faith Looks Up to Thee, The Lord is My Light and O Love That Will Not Let Me Go among others. The event invites all to attend and support the choir.
World famous bandleader John Philip Sousa and his military band will perform at the National Theatre in Greensboro on Wednesday night March 3. Sousa’s repertoire includes military music, waltzes, operas, male chorus numbers, and popular tunes. Tickets are on sale at the box office.
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