Unclear drift in stock market as market opens
Report notes mixed stock movement with some utilities advancing while most shares held steady or declined. Investors remained cautious amid weekend uncertainty and overseas prospects.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 26, 1938
Page
7
Report notes mixed stock movement with some utilities advancing while most shares held steady or declined. Investors remained cautious amid weekend uncertainty and overseas prospects.
Chinese planes bombed a flour mill at Pengpu northwest of Nanking used by the Japanese as a barracks. One hundred Japanese soldiers were reported killed in the action amid a developing major battle.
Tokyo disputes reports that the United States rejected a Japanese request to withdraw Americans from the central China front. The foreign office says no such demand was made and notes urged third powers to ask China not to place military objects near neutral properties.
The fragment discusses American Indians lacking horses before Spaniards and a visitor before Columbus. It includes garbled filler text and a sequence of misread letters that obscure intended content. The readable facts focus on the horse introduction and historical context.
Stock and fixtures sold at public auction totaled 2195 dollars exclusive of about 60 used cars and trucks. Sale directed by trustee Rupert Pickens will be confirmed or rejected at a creditors meeting in Greensboro Monday at 11. H H Lanier and Stanley Davis led high bids on departments and equipment. Aggregate bids on cars and trucks ran about 2600 dollars. R D Penny conducted the sale before a large crowd.
A naval contracts proposal would let Pacific coast shipbuilders bid 6 percent higher than the lowest eastern bid and still win work. The rule mirrors provisions in the merchant marine act and the naval auxiliary building program authorized last year.
Senator Copeland says a mass of evidence on subsessive and communistic influences will be handed to a five member special Senate committee to probe disturbances at sea. The Senate approved the inquiry and $20,000 for its cost, with Vice President Garner to appoint the panel.
Substituted Trustee will sell at public auction for cash at Guilford County Court House Greensboro NC on March 4 1938 the property in High Point described as 407 West Willis Street Lot 37 Co T Willis Lands in plat book 4 page 227. Purchase requires 10 percent cash deposit. purchaser bears taxes. sale by T C Abernethy substitute trustee and D A MacRae attorney.
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