Stock Averages Show Broad Move In Early Trading
Day's figures reveal mixed stock averages with gains in some indices and declines in others. Total sales reach 1,312,200 shares as traders monitor intraday shifts and monitor support at key levels.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 05, 1930
Page
15
Day's figures reveal mixed stock averages with gains in some indices and declines in others. Total sales reach 1,312,200 shares as traders monitor intraday shifts and monitor support at key levels.
Bond averages show 10 year and 30 year maturities with weekly, daily and year comparisons. The report lists highs and lows for 1929, par value totals at 4 186 000 dollars.
New Orleans market reports cottonseed oil futures drifting lower as cotton and corn ease and lard weakens. Prime summer yellow oil settles 7.55, down five points, crude near 6.75 to 7.00, with futures barely steady across January to September contracts.
The passage lists numerous bond prices and yields for corporate and railroad securities including New York Bonds American Agricultural Chemical Company, American Telephone and Telegraph, Chile Copper, Cons Gas NY, Penn RR, and Virginian Ry with various maturities and percentages. It ends with a trivia note that macaroni originated in Italy and was invented by the cook of a wealthy nobleman of Palermo.
Liberal reward offered for return of a black and white spotter selling bird dog marked with the initials N J H on its collar. Return to Pickett and MacDonald at 792 North Main Street, phone 2201.
The stock market showed a modest uptrend with brisk, though unimpressive, activity during a two hour session. Week end trading was light, with gains in utilities and select heavy hitters. several names rose 2 to 5 points while motors and steel sectors showed mixed results amid cautious optimism.
North Carolina auction markets sold 117 224 132 pounds of producer tobacco in November 1929 at 21 48 per hundred pounds. Total North Carolina sales reached 400 083 645 pounds with Winston Salem leading in volume and Wilson highest average at 24 85 per hundred.
Benjamin Franklin originated lightning rods and installed the first known rod on his Philadelphia house in 1752, marking the start of modern electrical protection.
Wedding bells may soon ring for Flatarco Elias Calles former president of Mexico reports from Mexico City show him with Senorita Leonor Llorente the couple pictured at a sports festival in the capital Calles is a widower.
In thin trading the bond market rose slightly with total dealings under 4 million. Industrials gained modestly, rail bonds held steady, and several rails led minor 1 to 2 point rises while Cuba Cane Sugar 7 fell 12 points amid its recovery issues and missed payments.
Cotton seed oil traded moderately active and weak with 5 to 10 point declines pushing the entire list to new season lows. Sales reached 4 500 barrels with prime crude at 7.124 percent and spot prices for prime summer yellow at 8.40. January closed 8.40, March 8.70, May 8.92, July 9.12.
The deepest point measured below sea level is near the Philippine Islands in the Pacific, with the seabed recorded at a depth exceeding six miles.
New Orleans on January 4 reports a short week end session with fluctuating prices. The general market closed steady with net declines about 11 to 14 points. January, March, and May contracts traded in a wide range before finishing near session lows.
New York cotton prices eased as liquidation persisted alongside lighter support from Liverpool. March contracts slipped to 17.10, with March closing at 17.11 and the overall market barely steadier, down 1 to 4 points, amid south and local selling and ongoing liquidation by recent buyers.
The daily cotton table records port movements with receipts exports sales and stocks across Galveston Mobile Savannah Charleston Wilmington Norfolk New York and other hubs. Interior figures list Memphis Augusta St Louis Fort Worth New Orleans Atlanta Dallas Montgomery and Little Rock with midseason prices and stock totals.
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