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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 17, 1926
Page
13
Trading showed heavy volume with renewed selling in motor stocks after a sharp prior day break. U S Steel gained on support while many standard industrials drifted. oil groups and rail names moved amid ongoing market tensions.
The cotton market remained firm with March up to 20.50 and near October at 20.46 as dealers noted steady Liverpool prices and good demand for cotton cloths from India and China. Near-month May rose to a new high while forecasts of rain in the southwest limited gains and local selling appeared.
Bonds gained today but ended the week lower as trading quieted in rails while several price increases occurred on light turnover. Frisco 4s A and New Haven 4s 1955 led gains. other firms including New Haven collateral 6s, NYO&W general 4s, ACL 4s and B&O hens showed firm tones. Public utilities showed some strength though demand for high grade electric light and power small lots remained light.
Cotton goods stay steady to firm in gray goods with three million yards of wide sateens bought for autos. Wash fabrics and mixtures see broad demand while silks are irregular but steady abroad and locally. Wool goods quiet as fall openings approach. linens in better demand. Bond market largely motionless with total $7,071,000 par value traded.
Interest in forthcoming financing dulled the edge of bond trading with investors withholding funds amid anticipation of better offerings. Selling pressure eased in parts of the list as recoveries appeared, though overall buying power remained weak. Interborough Rapid Transit obligations traded amid public concern over the company’s finances.
Chicago traders blamed corn for grain weakness as agitation for higher corn prices waned. Wheat closed heavy with May at 1.73 3/8 and July at 1.50 1/2. corn fell about 1 1/2 to 1 3/4 cents. oats lost 3/8 to 1/2 cent. provisions ranged from 40 cents down to 7 cents up.
In Philadelphia a bobbed haired woman wearing a wink and waving a pistol robbed a woman grocer. She threatened to shoot the victim and remains at large.
Notice is given of the stockholders annual meeting in High Point North Carolina at the Commercial National Bank Directors Room on January 28 1926 at 730 PM. Election of a Board of Directors for the coming year will be held and other business may be transacted. Secretary H E Ellis authenticates.
Police officers raided the home of W. N. Love in the colored section known as Baptist Bottoms about 10 o'clock after a reliable tip. They seized half a gallon of corn whiskey. Love’s case was continued until Tuesday morning and he is held on a $500 bond.
The annual meeting of the stock holders of High Point Morris Plan Bank will be held in the bank office at 108 W Washington St on Thursday January 21st 1926 at 7 45 p m for the election of directors and any business that may come before the stockholders W R MORROW Sec Treas
The House considered a resolution to appropriate 350000 for American participation in a preliminary disarmament conference at Geneva. The measure was taken up late and a vote was planned before tonight's adjournment.
In Moultrie Georgia Mellzo Mc Coy aged 12 suffered a sudden indigestion. His father said the boy had eaten dirt and, unexpectedly, paper from the family Bible leaving only the cover and two pages remaining.
Chief White Antelope of Glacier National Park, though blind, travels his half section with ease. His devoted squaw lights and holds the match for him when he needs to light his pipe to prevent danger to his clothing.
Mrs R P Stine and children express gratitude to neighbors friends and employers of the High Point Thomasville Denton Railroad Co for kindness and flowers after the death of our husband and father May gods richest blessings rest on you all. 1-17
A reflective line notes that true worth lies in the man who can smile as life continues, likening it to a radio set still buzzing along. The quote frames resilience and stoic humor as measures of character beyond initial pleasures.
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