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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jan 19, 1930

Page

15

Sentiment improves for foreign bonds on Europe developments

Favorable Europe news including near completion of the Young plan conference at The Hague lifted foreign bond sentiment. French, Belgian, British issues steadied or gained modest ground while German issues held. domestic bonds saw little activity. In rails, Canadian National 4s and others fell, while Union Pacific 4s Southern Railway 4s Pennsylvania gold 5s and Lehigh Valley of New York 4s rose.

John L. Cooley Associated Pres New York Europe The Hague Canadan National Union Pacific Southern Railway Pennsylvania Gold Lehigh Valley of New York

Cotton market stalls as prices slip on Liverpool cables

Cotton was inactive with prices easing as easier Liverpool cables sparked local liquidation. March contracts fell to 17.29, settled near 17.31 after a quiet day, with opening weakness and a late rally from local covering. unusual cold across the central belt drew attention to potential boll weevil mortality and crop prospects. Traders remained cautious, watching wheat strength and possible farm board support.

New York Liverpool Cotte

Bears Sell After New York Stocks Early Onslaught

Bear traders booked meagre profits in the final hour as prices slid then rebounded amid covering. The 90-stock index rose 6 to 10 points from yesterday. volume reached 1,830,800 shares. Fox Film receivership filing spurred covering despite an otherwise narrow, unimpressive day.

New York Fox Film Bears Fox Film A Week End Trade Japan America Allied Chemical American Water Works Beatrice Creamery Johns Manville Lackawanna Nonsanto Chemical Western Union American Tobacco

Daily Cotton Table Shows Mixed Port Movements

New Orleans middling 1701 with receipts 2650 and exports, sales 173 stock 518626. Galveston middling 1695 receipts 4006 exports 18790 sales 796 stock 453167. Mobile middling 1660 receipts 456 exports 687 sales stock 45779. Savannah middling 1706 receipts 842 exports unknown sales 25 stock 73956. Charleston receipts 307 exports unknown stock 37632. Norfolk middling 1713 receipts 431 exports 100 sales 7a stock 75670. New York middling 1685 receipts 3735 exports 4147 sales 1669 stock 1111110. Total today receipts 15565 exports 26524 sales 2738 stock 2579387. Interior movement includes Memphis 1645 middling with receipts 4546, shipments 4726, sales 3817, stock 434787. Fort Worth 1630 receipts unknown shipments 7 sales not listed. Montgomery totals today receipts 5618 shipments 6136 sales 5771 stock 592507. Market mentions numerous stocks and price quotes across multiple banks and corporations.

New Orleans Galveston Mobile Savannah Charleston Wilmington Norflok Baltimore New York Corpus Christi Memphis Augusta St. Louis Montgomery

New York Cotton Goods Market Sees Quiet Trade

On January 18 in New York in the gray goods division trading was quiet and steady. Demand broadened slowly in blankets flannels and other domestics with rising sales in wash fabrics. Fine goods showed moderate wash fabric sales. Burlaps unmoved. Raw silk held steady at a marginal pace.

New York Gray Goods

New York Bonds Mixed As Agr Chem and Rail Issues Listed

A jumble of bond quotes shows diverse issues from New York and nationwide including Am Agr Chem 74s 103%, Am Tel and Tel 5s 1960 at 101%, Southern Ry 4s around 99%, and Pan Am Pet & Trans 6s at 102%. Investors note varied yields and maturities across utilities, railroads, and industrials with several notes near par.

Sun Sun Ez 96 Con Gas NY Denver and Rio Grande Dodge Bros Imp Goodyear T Hnd & Manhtn IT & T Pac Contrig & An Bae Ge Pan Am Pet & Tr Penn R R S.A Leon BE Wee Sinclair Col West Blee

Cottonseed oil futures rise on strong spot oils and lard

In New Orleans on January 18 the cottonseed oil market stayed firm as spot oils and lard strength supported prices. Prime summer yellow oil finished at 7.90 and prime crude at 7.25 to 7.37 percent, with futures closing January 7.80 March 8.08 May 8.238 July 8.35 September 8.50.

New Orleans

Turpentine and Rosin Prices and Stocks Report

At Jacksonville on January 18 turpentine held steady with 4954 sales, 184 receipts, 2 shipments and stock of 20 349. Rosin remained firm with 1243 sales, 726 receipts, 2 shipments and stock 107 384. Bid quotes cover B through M values with WG and WW notes at 5.00 and 8.50 respectively.

NAVAL Jacksonville

Cottonseed oil gains strength on active trading in New York

In New York on January 18 cottonseed oil traded actively and firm with closing gains of 3 to 12 points. March delivery showed independent strength as prices rose across active positions.

N. Y Cottonseed Oil New York

New Orleans Cotton Market Ends Week With Little Trade

In New Orleans on January 18 the cotton market opened dull and stayed quiet with minimal price swings. March and May futures slipped before a late weekend rally, closing with a modest net decline as traders awaited next week’s publication of total winnings through January 16.

New Orleans Liverpool

Wheat Advances on Co op Buying

Wheat futures in Chicago rose on fed farm board auxiliaries boosting demand despite weak export activity. Corn and oats also gained as the national grain corporation planned to buy in the northwest and Kansas City, with hog provisions following the uptick.

John FP. Boughan Associated Press Chicago Federal Farm Board North America Liverpool Winnipeg Buenos Aires National Grain Corporation Northwestern Kansas City

Wall Street Briefs and Industry Outlook

Improvement in automobile and pipeline demand may lift steel operations in Youngstown district to 70 percent capacity next week. Open hearth furnaces 35 of 51 active, tube mills 10 of 20, sheet mills 96 of 120. National Biscuit Co assets total 133,224,248. Newark cake plant to operate this spring. Peoples Gas Light & Coke will seek to increase directors to seven. NYSE and curb exchange 1929 to 1928 sales show curb up 43 percent and big board up 26 percent.

New York Youngstown National Biscuit Co Frederick Beers Newark N. J New York Stock Exchange New York Curb Exchange Curb Exchange

Also Mentioned on This Page

High Point Grocerman Beard Paint Co Dept. 10 Peris Mfg. Co Florin Fyr-Fyter Co Fyr-Fyter Bldg Dayton Ohio Kedvale Federal Pure Food Co Archer Virginias Carolinas Maryland Georgia Kingsley & Mansfield Northville McConnon & Company Dept Tenn Kleen Laboratories Evansville Ind Marvelo Wahbansia Greensboro Five Points High Point Enterprise France Italy Arculus Mount Vernon Rawleigh W. T. Rawleigh Co Richmond F. E Compton & Con N. Dearborn National Giami Albuquerque N. M Imperial Stationery Co Dept. 4 Washington D. H Orient E. W. Arculus Mt. Vernon Maumee Co Defiance Mart Mig, Co Walnut St Philadelphia Brown Co Paducah Rol Kel Company Greenfield Smith, Elwood Hotel Centennal Fabrics Fifth Avenue Steele Street G. W. Clark Krent P. H. Johnson Centennial Avenue E. D. Steele Ragan Street Silk Mill C. A. Beck East Commerce Street East Green Street Ragan and Pershing Streets Greer Street Fred Gordy English Street J. N. McCrary Montheu Avenue Woodrow Avenue North Main St Martin Street J. C. Penney Fulwood Richland Avenue Bloom Furniture Exchange Washington St the Friendly Hotel South Main ST Harvey's Shoe Shop W. Broad St N. E. Russell Shoe Shop W. Broad R. Heels Hal Ideal Shoe Shop Mechanicsville W. C. Brown North Wrenn Street Madison and Monroe Richardson Street Lennox Hotel Wrenn Street North Main Street Redding Amos Realty CO Wachovia Bank Kivett Drive Cecil Grocery Co Saiy Ha Hood Bank J. L. White Realty CO N. W N. E Louise Ave Woodrow Ave Ss. E Walnut Street Gramby St S. W W. Green St Ward St U. S. Mendenhall Company Trinity Randolph County Keen Maple Grove Tabernacle Township Randolph Thomasville Frank McDowell Fairfield Road Misgei Anenhis M. H Montlieu Sample Furniture W. Commerce E. Russell C-1 Ridgecrest St T. H. Elder Hamilton Street Rialto Theatre Concord Nurseries Concord Ring Drug Co J. P. Rawley Cummings Cummings Electro Chemical CO West Green Street Birmingham E. Russell Lindy Taylor Street W. W. Montsinger Enterprise Fifth Street Superior Motors, Inc J. W. Quattlebaum Mer de Soto Jaquire J. D. Ross Lindsay Street Starr Motor CO Durant Dealers” Cor Commerce & Hamilton Claude A. Jagger Associated Press Financial Cansol Gas Davidson Chey Tetus Mo Pacific Mont W&rd Weer Nash He Fee Vt Webu Norfolk Norfolk and Western Ove Schulte Ret BEA A Teks Sieben Studebaker Ae Texas Corp Tay Athy Tim Moll Stor Suv Fesaw Armour Balto and Obie Beth Blée Poe Canadian Pac Chen Chrysler Alan Ewes Gt West Sugar Liggett and Myers Northern Pacific Packard Pamt Fam Lasky Penn RR Wwe Nee Eevae Phillip Morris Phillips Pet Pullman Seow Das Rem Rand Eve Reynolide Reynolds United Cigar Csness Steel Care Grgm .i Ward Baking B Westinghouse Hiec Willys-Overland Woolworth Sises A. Ke New York Bonds Abe Wall Street Briefs Peoples Goe, Light & Coke Co
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