High Point Enterprise Newspaper Archives Jan 31 1926, Page 12

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High Point Enterprise (Newspaper) - January 31, 1926, High Point, North Carolina Page 12 High Point Enterprise sunday january 31, 1926 in Stock prices some High Levels recorded during week and Money rates eased off new York stocks Allied chem and Dye. Am. Bosch Magneto. American can. Am. Locomotive. Am. Smelt and ref. American sugar. Am. Tel and Tel. Am. Tobacco am. Woolen. Anaconda Copper. Atch. Top. And s. Be. Atlanta Bir and at. Baldwin locomotive. Baltimore and Ohio. Bethlehem steel. Central leather pad. Chesapeake and Ohio. Chic. Mil and St. Paul pad Chicago and Northwestern Chic. Rock i. And Pac. Chrysler motor. Coca cola. Consolidated Las. Corn products. Cuba Cane sugar pad. Dodge Bros pad. I Dupont de nem. Sales High la loud .146 Hsu 30% 289 113% to w c sales ii Ign in loud Clotell 25 new York Jan. 30.�? apr resumption of the upward movement of Stock prices and some of the highest Levels in several years by Bond prices and the easing of time Money rates to the lowest Levels since last october were the most significant developments in this weeks financial markets. The resumed movement of Sterling and yen exchanges toward Gold parity also aroused considerable interest. The recovery in the Stock Market started after an unsuccessful attempt of traders to unsettle the list on Selling inspired by failure of the United states steel Corpora-1 flee. Pow. And it. Cufa tion directors to increase the amount of the extra dividend. The ease with which the offerings of Bear traders were absorbed led to heavy Short covering and a resumption of Pool operations in oils coppers and specialities in which favourable dividend and merger developments Are believed to be pending. The Advance in Bond prices took place in the face of another huge volume of new offerings most of which were promptly Over subscribed. New 19 26 issues to Date have averaged Well Over $100,-000,000 a week. Wheat prices advanced about five cents a Bushel after highly erratic fluctuations. Cotton futures moved within extremely narrow limits and closed practically unchanged on the week. The raw sugar Market displayed a distinctly firmer tone and moderate advances were made by Coffee prices. 99 13 i 19 32 to to 18 19 20 6 65 37 3 6 23 i 38 9 13 9 to 122 Fisk rubber. 63 Freeport Texas co4 7 general electric. 12 general motors. 41 general Petroleum .164 great Northern pad. To Gulf states steel. 5 ind. Oil and Gas. 38 inter. Harvester. 21 7 15 18 35 6 17 52 32 inter. Mere. Mar. Pad inter Nickel. Kelly Springfield tire Kennicott Copper Mack truck. Marland Oil. Mid con. Pet. To. Kans. And tex. To. Pacific pad. 140% 76% 144 116% 40 % 48% 132% 8% 127% 91 % 47% 64% 123 14% 7 5 54% 49% 161 % 98% 42 4 8% 86 229 117% 25 % 26 341 % 126% 58 % 7 5 % 87% 31% 131 % 42% 42% 19 55% 140% 60% 36 42% 87 la 6 % 3 0 % 287 113% 138 76 142% 116% 39% 47% 131 % 8 % 126% 91 % 47% 63% 122 13% 75 54 % 49 151 % 97% 41 % 4 8 85% 227 115% 24% 25% 340 125% 57% 75 % 87% 30% 130 % 41% 52% 18% 55% 139% 59% 35% 41 % 86% 117 30% 288 113% 139% 76 144 11 6 % 40% 48% 131 % 8 % 126% 91% 47% 63 % 122 14 7 5 54% 49% 151 % 9.8 % 41% 48 85% 227 % 117% 25 25% 34 0 126 58% 75% 87 % 30% 130 i 41% 52% 18% 55% 140% 59% 35 % 4 2 i 86% Montgomery Ward. I new York Central. I a l. A h. And a. Norfolk and Western. Northern Pacific. North american co. Packard motor car. I pan am. Ret. A a by. I Pennsylvania. Phillips pet. I Pierce Arrow. J pure Oil. J radio corp. I Reading. Republic i. And steel. Reynolds tobacco a a by. St. Louis and san fran. J Seaboard air line. Seaboard air l. Pad. I Sears Roebuck. J Shell Union Oil. Simms Petroleum. Sloss if Heffield steel. I Southern Pacific. I Southern by. 23 Southern by. Pad. Standard Oil of Cal. Standard Oil of n. J. J Stewart Warner. To Studebaker corp. 21 Texas company. 60 Texas Gulf Sulphur. Texas and Pacific. Texas and Pac. C. And o. Tobacco products. Union Pacific. United Cigar stores. It. S. Ind. Alc. U. S. Rubber. 46 u. S. Stele. 65 univ. Pipe and Rad. 5 Wabash by. 28 Westinghouse elec. 3 White motor co. To Overland. 65 Woolworth and co. 37 n ashes of life by associated press who want to marry must undergo behalf of an organization Tike the medical examinations and Perrais-1 society for the prevent Ion of cruelty Aion will to withheld from those j to children than participate in wet i suering from tuberculosis and Cor a come to himself so the lord i Tain other diseases. Mayor s banquet to him has been a a cancelled. He made the announce i Rome a peace i3 Only sure j Niento at a banquet of society when under the Shadow of our a a i Emmett Miller is the orpheus feature Tampa extra Jack is to fight admission free but Jack will get his from the promoters of the sub division which will be the scene of the bout. Mccormack endowment record for new York John is carrying $1,000,000 insurance probably a that form policy. In three years he will begin receiving annual payments averaging $200,000 until he reaches the age of 51. With his royalties. The insurance will make his income rank with that of the wealthiest financiers. Dempsey swords a says Benito Mussolini and a so 76 regiments Are to he stationed in the chief cities of the provinces a a regardless of prayers in the cathedrals and processions in the streets All of which will be useless. Moscow compulsory military training in colleges has been decreed by the government. The system is regarded As similar to that in american colleges minus the objections some american students have been making. . Bible Dies Charlotte Jan. 29.�? apr the body of John f. Bible former democratic National committeeman and one time mayor of Ionia. It cub was today sent to Sulphur Springs a for burial. . Bible died to line a a a. J Here yesterday following a she a it Berkeley Cal. Several boys ii Inesa at the Home of his Daugh Are going to get a Grade a for tak Leff yrs l. Hicks ing prof. Ira in Coes at his word. He came hero a few Days ago annoyed by co eds beautifying i from Hopkinsville Kyd a where he their faces in class he said boys had lived for several years. Had equal rights and the several i a a Bright Young men shaved them selves a he lectured. Syracuse. N. Y.1the newspaper one of Mankind a four greatest institutions. Char Teriza Hon made to the new York state publishers association by Grover Patterson of the Toledo Blade. The after new recon. Dayton. O., Jan. 2 9.�? apr Lieut. John a. Macready in a specially built and equipped air plane took off from Mccook Field at 10 10, Central Standard time today in an attempt to establish a new world s Al tip de record. 1 a the attraction at. This to put we playhouse for the week tomorrow will be Forth and min Lerus a a revue of 1925,�?T�?T headed f1 Emmett Miller the Black Dot. Mph Miller is considered one of the be a Delineator of negro singing in the Al country being in great demand by it the phonograph companies. He Lufe just finished a contract with Bijj of Keh record people for Severi songs. . Miller is ably assisted i the a a revue of 19 25�?� by a cast to Clever performers As the Attray tion carries eight big vaudeville specialities and a big beaut chorus of dancing girlies. An excellent picture program a been arranged for the week jut beginning including another chair for of a the mystery Box a atari Ben Wilson and Neva Gerber. J a Complete change of program h pictures and vaudeville on monday wednesday Friday and saturday i. 97 .101% .108% .104%. 89% .106%. 93%. 86% 89 v. New York Bonds foreign Argentine govt. 6s b 1958. Austrian govt. Gtd. Loan 7s Dom. Canada 5s, 1952 dutch East indies 6s, 1962 French. Republic 7sgerman ext. Loan 7s rots japanese govt. 6%skingdom of Belgium 6srep. Poland 8su. K. g. B. And i. % 5 a 1937 106 u. S. Brazil 8s 102% Domestic am agr. Chem. 7%s 105 am. Smelting 5s too am. Sugar 6s .104 am. Tel and Tel. Deb. 5s 1960 99% Anaconda Cap 6s 1953 106% at t. And san be Gen 4s. 91 Baltimore and Ohio Cut. 4%s 95% Bethlehem steel con 6s a 98% Central leather 6s .101 Bolyn and Manh. Trans s. F. 6s 96-% Chesa. And Ohio Cut. 5s.134 % Chic and Alton 3%s 42% Chic and East Illinois 5s. 7 8 Chic and Northwest Reg. 5s 101 Chic. Great Western 4s65% Chic. R. I. P. Reg. 4s 89 Chic. Terre haute and s. E. Inc. 6s80% Chic. And West ind. 5 a. 101 % Dodge Bros. Deb. 6s96% Empire Gas. And fuel 7%s .10 2% Erie Gen. Lien 4s68% Goodyear tire 8s, 1931 110% great Northern 7s a 111% Hudson and Manh. Adj. Inc. 5s80% inter and it. Northern adj 6 73% inter Mere. Marine s. F. 6s .88% Kansas City Southern 5s95% Kelly Springfield tire 8s 104% Louisville and Nash Reg. 4%s 97% to. Ran. And tex. New adj. 5s a. 94 % to. Pacific Gen. 4s68 new of leans tex and mex. 5%s103% new York Chic and St. 5 % a 100% Norfolk and Quot Western Cut. 6s 152% Northern Pacific Reg. 6s b .110 pan. Am. Pet. And to. 6s 108% Penna. R. R. Temp 5s 1964 too Public service of n. J. 6s .101% to. L. And san fran. Inc. 6s 88% traction issues effec1 on Cohon the Stock Market of Gotham active1 strength abroad failed to readjustments of speculative no i Ide Range of interest stimulate buying new York in accounts had influence on prices saturday in the Bond Market at new York Seaboard air line adj. Is Sinclair con. Oil 6a 1927 Southwest Bell Tel ref. 5s u. S. Rubber 5s. U. S. Steel s. F. 5sa car. Chem. 7svirginia railway is. Western electric 5s87%. 111% .101% 93%. .106% 106% too 74 .100% new York Jan. 30.�? apr trading in the Cotton Market today seemed chiefly confined to the usual week end evening up of accounts and prices fluctuated within a Range of 5 or to Points. After Selling off to 19.58, May rallied to 19.65 and closed at 19.64, the general Market closing steady at net advances of 3 to 7 Points. The opening was steady at an Advance of i to 4 Points on a Little buying influenced by relatively steady Liverpool cables and encouraging Trade reports from the Cotton Market at Manchester. Private Cable advices said covering and Trade Selling had absorbed hedge Selling in the Liverpool futures. Markets although spot demand was less insistent. Other Cable advices stated demand for Cotton cloths was increasing and that yarns were in a firmer position As sales were exceeding production and stocks diminishing. These features failed to stimulate buying in the local Market and their effect on sentiment was probably modified to some extent by reports of smaller business in the local goods Market the recent falling off in raw Cotton exports and reiterated talk of an easy spot basis. Offerings were Light How a Ever and after Selling at 20.15 for March and 18.18 for october prices rallied in late trading on j week end covering combined with a Little buying for Trade account i March sold up to 20.25 and octo j j Ber to 18.22, net advances of 5 to a 9 Points and the close was within j a Point or two of the Best. Fall River cloth sales for the j i week w Ere estimated at 100.000 j pieces or about half the estimated j business for the previous week and j the falling off in the Export movement was emphasized by the Pri j vate figures showing Only 15 2,000 j Bales of Cotton on shipboard awaiting clearance compared with 213,000 at the same time last. Year. I the late Advance Here w As led by j March but there was Little change in difference Between months. New York Jan. 30.�? apr the usual week end readjustment of speculative accounts brought about irregularity towards the close of today a Stock Market after an Early period of firmness which was featured by bullish demonstrations in a selected list of food Oil Public Utility and Copper shares. Trading was conducted at a brisk Pace the Days sales totalling 934,-200 shares. Professional traders continued to dominate trading but commission houses reported that the re a cent revival of activity on the Oil i and rail shares had increased Public interest. Operations on the Long Side have Ben encouraged by new York Jan. 30.�? apr i trading interest in today a Short session of the Bond Market again j was focused on the local traction i issues which continued their Rise to new High Levels in response to i favourable developments in the City transit situation. Some of the enl thus asm for these securities also i Wras carried Over to Semi Specula i Tive Railroad and Industrial liens i contributing to a general improve a ment in prices. Plans of municipal authorities to i scrap unnecessary improvements in order to provide financial Aid for j transit Relief Supply is the incentive for accumulation of Interior the Prospect of easier Money rates up new York railways Anco next month and rumours of favor More animation in the Cotton Market new Orleans Jan. 30�? a the Cotton Market today showed a Little More animation than some of the previous sessions of the week. The Market opened 7 Points higher on near months and four up on october due mainly to the More favourable Liverpool cables than due. While prices eased off three to six Points later in the session owing to week end liquidation the Market firmed up again in the final trading and March was at one time 12 Points above yesterdays close. The close was very steady with sear months showing net gains of 7 to to Points and More Distant months gains of Only i to 2 Points. The Market opened 4 to 7 Points up and initial prices remained the highs of the Day for months. Prices eased off during the first hour on week end liquidation. March trading Down to 19.56, May to 18.98 and october 17.59, or three to six Points Down from the Early highs. March soon rallied eight Points to 19.64, or 12 Points above the close of yesterday while May advanced 7 Points to 19.05. The later months did not rally. Although prices eased o a Little from the highs for a period the Market became very steady in the final trading and near months again advanced to the High Points closing practically at the highs. Late months were not so steady and closed under the highs. The main sustaining influence in the Market was the strength of the March position. Exports for the Day totalled 38,-692 Bales. Dry goods new York Jan. 30.�? apr Cotton goods were generally quiet today. Wide sheeting were reduced from a basis of 62 cents for 10-4 goods to 50 cents and sales have been stimulated. Rayon mixtures were in demand and printed Wash fabrics sold steadily in some numbers chiefly Broad cloths High count Percale and voiles. Some of the crepe lines did Well for future delivery. Raw silk was five cents a Pound lower and now is quoted on a basis of $7 a Pound for Best grades. Fabrics sold steadily in Small lots. Wool goods openings will place monday and Are expected to stimulate business in menus Wear. Burlap continued irregular in the local markets with some tendency toward firmness on specialities. Linens sold steadily. Able dividend and merger developments in some of the leading Railroad and Industry companies by the end of the first Quarter. Failure of the predicted increase in mid continent crude prices to materialize today brought about some Selling of the Oil shares by traders who had bought those issues a for a turn a but Oil interests Are looking for an announcement Early next week. Several powerful pools in the Oil shares Are reported to have been formed during the last two weeks. Standard Industrial shares moved within rather narrow and irregular limits. American can closed a i Point lower and Baldwin yielded fractionally. Other Strong spots among the specialities were Gold dust Gotham hosiery. Jewel Tea. I Mullins body Philadelphia and i Reading Coal and Iron and Nash i motors the last named jumping 7 Points on two sales. Trading in the rails quieted Down considerably with most changes of a fractional nature. Brisk demand for Canadian Pacific carried that Stock to the highest Price of the year but it forfeited half of its extreme gain of two Points on realizing. Mixed movements again characterized the Days commodity markets wheat advanced a cent or More a Bushel in sympathy with higher prices in the foreign markets and Cotton was slightly firmer but raw sugar futures were easier in reflection of larger offering in the spot markets. Coffee prices also lost ground after an Early period of firmness. Foreign exchanges held relatively steady demand Sterling crossed 86 for the first time in about j third Avenue obligations. Speculative operations were promoted by i the Low prices of most of these issues which Long have been depreciated. Third Avenue adjust Trident 7�?Ts moved up four Points which represented a gain of almost Twenty Points from the years Low level. Advances of one to three Points were recorded by most of the inter Borough and new York railway Bonds. Publication of favourable earnings statements for 1925 by mkt i of the railroads during the week kept buying interest alive in the Carrier issues. Lehigh Valley 4s, 1 Missouri Pacific general 4 l-2s, i Marquette refunding 5s, Chicago and Northwestern refunding 5 l-2s, and Pennsylvania 5s, were sought by investors today. Oil and sugar company liens 1 were the chief Points of strength in the Industrial division. Fairly Large buying orders were executed j for pan american Sixes. Sinclair i Sixes. Manati sugar 7 1-2. Cuban i dominican sugar 7 l-2s, and War a nor sugar 7s. Foreign and government obligations were firm i total sales were $7,997,000. Parent teachers to meet monday night tile Parent teachers association of Cloverdale school will meet monday night at 7 30 o clock. Mrs. M. L. Hicks of Grimes Street $4, two weeks but slightly to 3.77 saturday. Friday. Week ago. Year ago. High 1926 Low 1926 total Stolt school association Ami Blair City scout master among Hie speakers. All and teachers interested in Faro of Tim school Are urge tend. K a French Frau 1-2 cents. 2d ends. I 4 2.55. 142.65. I 40.98. .122.35. .143.62 13942 s 934.000 Ca 20 r i i 5 1 i 5 112.89 i .2.6 2 117.89 i i 2.08 cottonseed Oil new York Jan. 30.�? apr cottonseed Oil Market was very t today. Interest was limited ring new developments but undertone was steady owing to firmness in the crude position and reports of a Good demand for bleached Oil. The close was 5 Points higher to 3 lower. Sales 700 barrels. Prime crude 9.50 prime summer yellow spot 10.90 the qui a the y. W. C. A. Officers re elected at meeting girl reserves in charge of Chapel exercises the girl Reserve Clover club i was in charge of the Chapel pro i Gram at the Cloverdale school Friday morning. In additional exer i else several Reading and musical i selections were rendered. The Fea a Ture of the program was a Short i play a a the girl a tin Purut mar july closed Hoo May la .38 september 11.48. New Rio 7s. I 1-2. Coffee York Jan. 30. 19 1-8 Santos 4s, Chicago Grain i Chicago Jan. 30.�? apr i wheat values swung upward to iday owing to larger Export demand together with melting away of Snow Protection through Domestic Winter crop territory. The wheat Market closed firm 3-4 to i 3-8c net higher May 175 to 175 1-8. And july 153 3-8 to 153 5-8. Corn i finished 1-4 to 5-8c off. Oats at a a i Shade decline to 5-8c Advance and to j provisions unchanged to 12 cents lower. The Board of direct w. C. A. Called Day evening pc electing new officers. A the officers were re a with the exception of the s vice president who now is Lui ice Massey. The other officers of the As tion Are As follows mrs. Geol Brown president miss Cia Cox. First vice president miss Lee Shields Secretary and m s. Parker treasurer. Three Are wounded new York. Jan. 36.,�? j a nine year old boy who i i bystander and to o alleged to a were wounded in a gun Fig Brooklyn today Between the land a suspected Holdup Gan remember when your first quarrelled and then made up make up All Over again so live that at anybody. You can Znak it Gordon will be parents the Fri 1 to at it in

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