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This newspaper page contains 37 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jun 05, 1928

Page

12

Speculators Gain Control Again Of The Stock Market

New York June 5 speculators regained control of the price move ment as a money scare sparked initial losses of 1 to 7 points then a brisk rally erased many early declines. Call money opened at 6 1 2 percent with abundant funds, while reports of abroad funds and lower foreign exchange rates boosted bullishness. Prices in high priced specialties fluctuated wildly with notable gains in Farm implement, food, fertilizer, and public utility shares.

Stanley W. Prenosil AP Press New York Call Money Federal Reserve Treasury Radio Case Threshing Machine Curtiss Aeroplane General Motors American International International Harvester International Combustion Western Union Rumsey Common Allied Chemical McCrory Packard Hudson Kennecott Montgomery-Ward Kroger

Chicago Potatoes Market Report June 5

Potatoes receipts 129, shipments 447, stock demand and trading on sacks. Markets slightly stronger, barrels in fair demand, steady overall. Bliss Triumphs 2.30-2.50, Cobblers 2.40-2.50, Irish Cobblers 4.00-4.35. Wisconsin Round Whites 1.10-1.25, Minnesota 9 1.10, Idaho Russets 1.40-1.65.

Chicago United States Alabama Louisiana Texas Mississippi Bliss North South Carolina Wisconsin Minnesota Idaho

Liverpool cotton prices steady amid mixed futures

Cotton market in Liverpool on June 5 held steady with American seed cotton values for various grades listed. Sales reached 5,000 bales with 3,800 American. Futures closed barely steady with July to May contracts quoted at 1114 to 1195.

Liverpool

Chicago Dairy Market Receipts Report June 5

Chicago dairy report notes higher butter receipts at 20 105 tubs and eggs unchanged with 32 006 cases received. The brief item records commodity movements in Chicago markets for the day.

Chicago Dairy Chicago

Whitney's Market Notes Stirred by Higher Rates and Rumors

WhitneyForesees continued market volatility as call money hits seven percent and brokers loans loom larger. A Washington statement on speculation sparks selling, with a modest decline expected but a new buying point likely by midweek. Grain notes from Chicago describe dry western weather and potential wheat and corn price movements tied to harvests and rains.

Whitney

Weather and market notes from Liverpool and southern states

Cotton market briefing cites Liverpool exchanges at 12 15 p m on July 22 with gains over prior days and five thousand mils spot sales. Rain affected Meridian Montgomery and Palestine Texas totals. Forecasts call for showers across the Carolinas Georgia Alabama with fair conditions in parts of Texas and Oklahoma. Worth street activity described as higher but limited breadth.

Liverpool Meridian Montgomery Norfolk Palestine Texas Hell Carolinas Georgia Alabama Mississippi Arkansas Oklahoma West Texas East Texas Fair Worth Street Clevenburg

Market Session Sees Further Selling Early Trade

The market is expected to absorb more selling in the early part of today’s session, with attempts to rally the list likely before the close.

Stock summary shows mixed gains and losses across firms

Jewel Tea four weeks ended May 198 posted 1,262,000 versus 1,138,000 a year earlier, boosting twenty week total to 5,017,000 compared with 5,550,000 last year. Tidewater Oil declared a regular 20 cent dividend. Mexican Seaboard Oil first quarter net loss 427,000, after charges, versus 518,000 loss in 1927. Pullman Transportation April net after taxes 632,000, down from 691,000 in April 1927. New York Stock Exchange brokers loans at end May 5,275,046,281, a fresh high and up 366,263,682 from the prior high of April 30, 1927.

Tidewater Oil Co N. Y. Stock Exchange

Grain market notes point to buying opportunities

Stock Gossip notes Thomson and McKinnon say every setback in wheat offers a buy. It seems unlikely coarse grains weaken until country movement increases. Bartlet Frazier Co. expects the corn situation to favor higher prices.

Thomson and McKinnon Bartlet Frazier Company

Cotton Opinions: Pynchon and Company Forecast Buy Now

Pynchon and company urge immediate buying with a note on setbacks. Orvis Brothers recommend continuing to buy as markets develop ease. Hubbard Brothers predict unsettled weather across the region, forecasting higher market activity.

Cotton Pynchon and Company Orvis Bros Hubbard Bros

Cotton outlook hints 14.5 million bale crop forecast

Continued rains soak eastern and central belts with over four inches in Montgomery and lighter showers in Arkansas Oklahoma and parts of Texas and Missouri. Forecasts for Tuesday predict cloudy showers in the eastern central belts, with the western belt partly cloudy and warmer in Texas Oklahoma and nearby areas. Clement Curtis notes it is early to forecast but implies a crop around 14 500 000 bales depending on future conditions.

Montgomery Arkansas Oklahoma Texas Missouri Clement Curtis Stanley

Stock Opinions from Hornblower and Weeks and Others

Hornblower and Weeks foresee the copper group climbing notably higher as oils regain favor with large refining firms likely to perform best. Chisholm and Chapman advise continuing to buy on yesterday’s setbacks. Jackson Bros. predicts an 8

Chicago Livestock Market Report Shows Mixed Hogs Cattle Trends

Chicago reporters note hog receipts at 28 000 with market strong on better grades for 180 pounds and up, lighter weights weak yet top price 9.95 for 200–250 pounds. Cattle and calves say light steers and yearlings firm, heavy steers slow, various weight classes quoted from 8.60 to 15.00 for steers and 13.25 to 14.90 for good fat cattle. Sheep and lambs steady with fat lambs and yearlings around 17.50 to 19.35 for 92 pounds, ewes and cull stock lower.

Chicago USCOA

New York Dairy Prices Reported for Butter and Eggs

New York dairy notes show butter prices at creamery firsts 88 to 91 score and 41 1 2 to 45 1 2. Eggs remain unchanged in price across the board.

NEW York Dairy New York

Poultry Prices Jump on New York Market Report

Live poultry firm broilers move at 20 50 by express in New York market with June report notes.

Poultry New York Broilers Express

Butter and Egg Market Report from New York

New York market report shows butter steady with 27,317 crates received, creamery butter higher than extras at 44 Y-245, eggs steady with 97,197 received, and cheese firm with 271,038 receipts. The brief notes the day’s price movement and supply levels for dairy products.

NEW York Dairy New York

Cotton futures close stronger across most contracts

New York June 5 cotton futures finished with advance in most active months. January and March posted around 2059 to 2075, July near 2082, October higher at 2089, December about 2071 amid mixed highs and lows and late gains.

New York P.C

Wheat and grain prices report from Chicago market

Chicago on June 5 lists wheat No 8 spring 1.43 to 1.54, corn No 2 mixed 1.06 to 1.07, No 2 yellow 1.07 to 1.08, oats No 2 white 0.65 to 0.71, No 3 white 0.66 to 0.79, rye no sales, barley 0.92 to 1.03, Timothy seed 4.10 to 4.85, clover seed 19.75 to 27.00.

Chicago

Raw sugar futures ease as dealers show liberal offerings

New York sugar market opened softer with renewed long liquidation. Early declines ran 1 to 5 points, midday levels 2 to 5 points below prior close. Refined prices unchanged around 6.05 to 6.10, while second hand sugar offered at 6.00 amid limited demand.

New York

Cottonseed oil prices steady with broad futures spread

In New Orleans on June 5 cottonseed oil closed steady with diverse bid levels across months. Prime summer 975, prime crude 850 900, January 1010, June 975, July 980, August 990, September 990, November 1000, December 1005.

New Orleans

Cottonseed OTL Market Report Shows Mixed Prices

Cottonseed closed easier with a range of futures and spot quotes. Prime summer yellow values hit 1025 with crude near 88744 900 and forward months from January to December listed, totaling 11 900 in sales.

New Orleans futures close steady with slight decline

Cotton futures ended the session with a net drop of 20 to 25 points. In New Orleans trading the January contract opened at 2062 and closed at 2030, while nearby March, July, October and December futures posted similar declines from intraday highs to close prices.

New Orleans P.C

Wheat prices fall as rains press Canadian and American markets

Chicago reports widespread rain in the Canadian northwest and showers in American spring wheat areas trigger automatic selling orders to cap losses. Unexpected drops in Liverpool wheat prices add to the bearish sentiment as holdings are liquidated.

Chicago Canadian Northwest Liverpool

Foreign exchange rates in New York June 5

The New York foreign exchange market shows easy quotations in cents with major currencies: Great Britain at 487 3-4 demand and 488 5-32 cables, France 3.93 demand and 3.93 1-4 cables, Italy 5.26 1-2 demand and 5.26 3-4 cables, and others including Belgium, Germany, Holland, Norway, Sweden, Denmark, Switzerland, Spain, Greece, Poland, Czecho-Slovakia, Yugoslavia, Austria, Romania, Argentina, Brazil, Tokyo, Shanghai, and Montreal with specified rates.

New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho-Slovakia Jugo- Slavia Austria Rumania Argentine Brazil Tokyo Shanghai Montreal

Market Brief: Silver Prices Mix in New York Trading

In New York on June 5 bar silver at 60 1 4 for Mexican dollars and 46 3 8 for standard dollars quoted. The report notes slight shifts in precious metal values amid steady demand.

New York

Call Money Market Report from New York

Call money strong with a high of 61 and a closing bid of 61. Time loans firmer with 60 to 90 days at 51 to 52 and 4 to 6 months at 51 to 52. Prime mercantile paper quoted at 41 to 43. Bankers acceptances unchanged.

New York Prime Mercantile

Market for metals shows mixed gains and steadies

Copper steady around 1434 for spot and futures. Tin eases near 4950. Iron remains quiet. Lead flat with spot prices in New York around 630 and East St. Louis 615 620. Zinc dull with East St. Louis spot 612 615 and futures 615 617. Antimony spot at 1050.

New York East St. Louis

Annual Affair Highlights Davidson County Officials Banquet

Miss Margaret Linker and Miss Elizabeth Cornelius hosted the Davidson county boards of commissioners and education at the annual banquet in the American Legion hall. The event, held Monday at noon, is a longstanding tradition enjoyed by both boards.

Lexington Margaret Linker Elizabeth Cornelius Board of County Commissioners Board of Education American Legion Davidson County

No Compliment Homely Client Exchange at Window

A gag exchange unfolds as a photographer offers to take a portrait from the window. The client balks at the joke, replying that the portrait is a compliment, while the photographer cheekily repeats the offer and price. The scene captures a vaudeville style mischief piece with sharp wit.

Rhododendron Festival Crowns King and Queen in Asheville

Asheville crowds filled the Rhododendron Festival with a diverse pageant featuring episodes from North America and distant lands. A large square dance in Pack Square capped the events after Bingham McKee and Rose Corrigan were crowned king and queen at Grove Park Inn.

Asheville North Carolina Japan China India Russia England Greenland Pack Square Bingham McKee Rose Corrigan Grove Park Inn

Brazil clerks demand longer lunch period

In Rio de Janeiro commercial workers push for a 90 minute lunch break. A large company already added an extra half hour, and now a committee of employees urges the Commercial Association to adopt the change. They argue a nine hour day warrants more time for lunch and rest.

Brazil Rio DE Janeiro

Turkish Officials Required to Marry Native Women

Angora June 5 Turkish government bans marriage of ambassadors or high officials to foreign wives. The rule carries dismissal and was recently applied to a high aviation corps officer who returned with a German spouse. Exceptions have occurred when foreign wives are wealthy.

Angora Turkey

Language survey notes tongues without nouns or verbs

Sir George Grierson reports in Bombay that a language lacking nouns or verbs is among 189 languages cataloged in his India linguistic survey. The study covers 179 languages and 544 dialects, describing diverse phonetic rules and grammatical systems across a population of about 290 million.

Bombay Sir George Grierson India Dublin University Ireland Sir George

Sleeveless Frocks for Hot Afternoons

The article notes afternoon frocks are sleeveless for hot days. It highlights a bertha or detachable cape of same material as a stylish, practical addition.

Bertha

German contest offers prize to end city street noise

Germany launches a competition to stop urban clatter with a $200 prize for the best plan. The scheme targets traffic grind, jolt, garbage banging, horn noise, and street cries, measured by the Backhausen meter. Open until December 1 under the Association of German Engineers.

Berlin Germany Backhausen Association of German Engineers

Tuck-in Blouses and Piquet Suits in Soft Voile

New piquet suits in soft colors pair with fine voile blouses designed to tuck into the yoke of the skirt, offering coordinated fashion options.

Try an Easy Washer and you will be pleased

An advertisement urges readers to try an Easy Washer with a contact phone number 2876. The short note emphasizes satisfaction from using the appliance.

Also Mentioned on This Page

Michebe H. Warthington Sunad Ave Atlanta Teethina John F., Clark & Company Commercial National Bank Building Washington American Northwest Dakotas Iowa Tribune Chicago Livestock Adams Millis Re Ajax Amn Tel Amn Balto Ohio Beth Steel Elec Fleisch Yeast Freeport Tex Goodyear Ees Hudson Motors Wenvss Ee Ligett Meyers Ene Sae Ludlum Steel Syuttinglg Tor Cca We Mo Pac Ry Ee Genl Motors Nash Motors Overland Park Tilford Os Conti Motors Packard Motors Pan Amn Beveeervret Remington Rand R J Reynolds Vetesskaae Seaboard Ry Sears Roebuck Studebaker Motors Warner Vick Chem Telee White Motors Westa Elec Crucible Steel Reewer Ee Omree Miami Copper CRI P Ry Co Ches and Ohio Ocewe Eet Goodrich Rubber ‘Eee Ae Kelly Springfield Eee Kenecotte Copper Ee Otis Steel Eee Seaboard Oil Wise Dupont Wwee NEW York Futures Wiliam Howard Taft President Coolidge American Red Cross Dwight Davis Taft Mr. Coolidge Utation and Service Hiatt Tire Co West High St California Mas Henry COMPA Oana Ee AN Alia Ter Pres
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