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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jun 06, 1928

Page

8

Rising stock market costs widen gains amid market shifts

The New York market opened higher then dipped in a secondary reaction before trading higher again as call money held at 6 12 percent. Allied Chemical American Linseed and Advance Ranely posted fresh highs with 3 to 5 point gains while Freeport and Weston showed strong demand for future earnings. Airplane stocks faced selling pressure as International Nickel and Montgomery Ward slipped from recent pool favorites.

Stanley W. Prenosil Associated Press New York Wall Street American Petroleum Institute Allied Chemical American Linseed Advance Weston Electric Instrument Freeport Texas Coty International Nickel International Combustion Frank G. Shattuck Montgomery Ward

Democratic Club Members to Meet in High Point

The High Point Democratic club will hold its weekly meeting in the club hall tomorrow night at o o clock. President R B Parker said he hopes many members attend to consider several important matters he wants to present to the membership.

High Point Democratic Club R. B. Parker

Cotton Market Drops as Weather Hopes Boost Yet End Lower

Prospects for better weather in the south and crop reports spurred early cotton declines of 5 to 138 points. Rallies from trade buying and covering followed, but prices eased in the afternoon with active months down about 8 to 23 points. Futures closed barely steady, 29 to 33 points lower, spot quiet at middling 20.85.

New York Copton

Wright Aero to buy two thirds of American Loco works

Wright Aero plans to acquire about two thirds of American Loco's old truck works in Patterson New Jersey. Oil Well Supply omits quarterly dividend of fifty cents at this time. Associated Oil declares regular dividend of fifty cents payable June 30 with June 16 record. Dodge Brothers declares quarterly dividend of 1.75 on preferred shares. Walter Chrysler, chairman of Chrysler, says no search for additional properties. Market figures show 20 rails down to 142.40 and 20 industrials at 217.80 up 1.18.

New York Wright Aero Corporation American Loco Patterson N. J Oil Associated Oil Company Dodge Brothers Walter Chrysler Chrysler Corporation

Cotton Letter Reflects Mixed U.S. Market Outlook

In New York on June 6 Liver pool futures and American points shift with July and October down, December and January mixed as spot sales reach five thousand mils. Weather fronts bring clear to partly cloudy skies with thundershowers forecast for the Carolinas Georgia and eastern Alabama while rivers face flood warnings. Crop progress in Texas Oklahoma improving though central and eastern rains slow cultivation. Weevil reports show light emergence and sporadic selling suggesting strong sensitivity to unfavorable news. Weekly outlook tilts favorable in the West and unfavorable in the East.

New York Liverpool Carolinas Georgia Alabama Journal Commerce Texas Oklahoma Worth Street

Wheat market weighs on sentiment amid varied weather signals

Breaks of about five cents in Chicago and near similar in Kansas City let recent sellers lock in profits. Rain in the American northwest grows in importance while Canada sees scattered moisture. Traders describe mixed sentiment, leaning bear, with large selling hard to trace after declines of 22 3-8 in September and 27 3-8 in July from late April highs. Gold exports continue as rate moves stall speculative issues.

Chicago Kansas City American Northwest Canada Tribune

Weather Summary Across Southern States

Dallas to Houston clear and pleasant. Ala Opelika and Huntsville show showers and clouds from last night. Birmingham cool and clear. Mobile Greenville Montgomery and Tuscaloosa vary with clear to partial cloud or light rain yesterday night. Arkansas Little Rock Pine Bluff clear. Georgia Atlanta Albany Columbus cloudy with rain yesterday. Louisiana Shreveport Alexandria Lake Charles clear. Mississippi Columbus Meridian Greenwood Yazoo City Macon clear and warm. Tennessee Memphis Nashville Chattanooga clear and cool.

Dallas Houston Ala Opelika Huntsville Birmingham Mobile Greenville Montgomery Tuscaloosa Ark Little Rock Pinebluff Atlanta Albany Columbus Shreveport Alexandria Lake Charles Miss Meridian Greenwood Yazoocity Maccomb

Whitney’s letter on stock splits and buy recommendations

Whitney argues investors should hold stocks, predicting a potential four to one or five to one split for Allied Chemical and that prices may rise above 209. He reiterates recommendations on Armour issues, especially A stock, noting A is undervalued versus B and that preferred issues look like bargains. He sees no need to sell other recommended issues at current prices.

Allied Chemical

Two Sided Trading Market Indicates Stable Transactions

The notice reports a two sided trading market today with no important change in the character of transactions.

Wheat market rally potential urged by grain editors

Thompson and McKinnon say the wheat market needs a fresh reason beyond rain claims for strength. Chaplin and Co. note doubt of weakness unless old crop sales rise. Wheat: expect rally once the government report is released.

Thompson

Flood warnings issued for rivers in Georgia Alabama Mississippi

Flood warnings have been issued for numerous rivers across Georgia Alabama and Mississippi indicating rising water levels and potential hazards for nearby communities and transportation routes. Local authorities urge residents to monitor updates and follow evacuation guidance if issued.

Ga, Ala Mississippi

Wheat liquidation shocks Chicago traders

Liquidity in wheat spiked with heavy selling by local operators, marking one of the most intense sessions in recent memory as market activity unsettled prices.

Chicago

Cotton Market Outlook Amid Rains and Cold Snap

Cotton market notes advise buying Keech and Pynchon at current levels and on setbacks, while Hubbard Bros. report bearish yet tempered by official statements on weevil emergence hindered by cool southern temperatures. Memphis area sees light rain with cooler temps. forecast calls for clouds and showers eastern belt, fair central and western belts, and a wet week with heavy rains in eastern and central sections.

Pynchon Keech Hubbard Bros Hirsch Lilienthal Memphis Eastern Ark North Miss Eastern Belt Miss Central Belt Western Belt

Chicago Hogs and Cattle Prices Report

Chicago markets show hogs active and higher with top price around 10.10 for choice 200-260 lb hogs. Cattle and calves steady to higher with light steers and yearlings leading gains. lambs and sheep prices mixed with best demand for choice rangers and strong fat lambs.

Chicago USCOA

Silver Prices Reported in New York Market

In New York on June 6 the market showed bar silver at 60 3 8, Mexican dollars at 46 3 8, with other bullion values noted.

New York

Butter Steady as Market Reports Favorable Receipts

New York markets show butter steady with receipts totaling 16,954 while bags and irregular demand push receipts to 43,083. Cheese holds steady amid strong overall dairy demand with 183,401 received.

New York

Cotton futures open steady in New Orleans

In New Orleans on June 6 futures markets opened steady with July at 2038, October 2025, December 2023, January 2022, and March 2020 bids all noted.

New Orleans

Cotton futures open steady in New York

New York cotton futures opened steady with July at 2060, October 2078, December 2062, January 2054, and March 2054 as of June 6 on prior session activity.

New York Cotton

Wall Street opens higher as stocks post irregular gains

Wall Street moved irregularly higher at the opening. Allied Chemical and American Express hit new highs at 176 1 4 and 206 5, while Anaconda Greene Cananea Postum American Sugar Refining American Linseed and Murray Corporations rose initially. General Motors Case Threshing Machine International Combustion and Union Pacific fell by a point or more.

New York Allied Chemical American Express Anaconda Greene Cananea Postum American Sugar Refining American Linseed and Murray Corporation General Motors Case Threshing Machine International Combustion Union Pacific

Northwest drought drives chicagowheat gains in market open

Persistent dry weather in the northwest pushes up wheat values. Liverpool quotations lend support as Chicago prices move higher. Corn oats and provisions rise with corn trading 1 4 to 4 cents up after starting steady to light gains.

Chicago American Northwest Liverpool North America

Foreign exchange rates fixations in New York quotations

The New York foreign exchange market lists current rates in cents for major currencies. Notable bids include Great Britain around 487 7 8 demand and 488 1 4 cables, with diverse international rates shown for France Italy Belgium Germany and others, plus Montreal at 99.74.

New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho

Raw sugar markets hold steady as futures firm on demand

Raw sugar in New York stayed quiet with a steady undertone and unchanged prices at 4309 Cuban duty paid. A sale of 28 709 Porto Rican bags was reported as raw futures opened firmer by one to three points due to renewed covering and trade buying amid steadier spot market. Refined sugar remained at 6.95 for fine granulated, withdrawals remained liberal while new business showed no gains.

New York

Liverpool cotton market steadies with mixed American demand

Cotton spot quiet in Liverpool with prices barely steady across grades. American fibers dominate sales of 5,000 bales with 3,800 American. receipts total 16,000 bales of which 4,090 are American. Futures closed steady with July at 11.04 and later months near 10.84 to 19.84.

Liverpool

Bliss Triumphs in Mixed Chicago Market Report

Chicago truck market shows shipments at 550 total U.S. cars 281 on track 96 receipts and 550 shipments. Weather slows new stock trading while market remains about steady. Prices for Alabama Louisiana Texas Mississippi and South Carolina regions noted with Bliss Triumphs at 2.25 to 2.35 and Irish Cobblers around 3.75.

Chicago U.S Alabama Louisiana Texas Mississippi Bliss South Carolina

Thousands of North Carolina Pupils Promoted to High School

About 393 pupils completed seventh grade in High Point public schools and received certificates of promotion to high school yesterday. Certificates were presented by Superintendent T. Wingate Andrews at the Junior High School commencement with Rev. F. L. Conrad delivering the address. Prizes and medals were awarded including the Stamey and Hicks awards.

High Point Cloverdale Oak Hill T. Wingate Andrews F. L. Conrad Emmanuel Lutheran Church Conrad Irvin Coffield Frances Sloan Hicks Memorial City Beautiful Barbara Winslow Margaret Sears Johnson Street Doris Welborn Charlotte Holden Bay Street Hildreth Garbriel Elm Street Frances Oliver Mary Whitt Emma Blair Sarah Bolt Frances Beam Helen Farr Glenn Smith Adam Blair Edith Nance Mamie Weaver Lewis Horne Alma Johnson Charles Lee Amos Worth Brooks Joseph Crowder Talmadge Ellington Wayne Garner Francis Giles Jack White Bertha Bailey Una Blackburn Helen Buchanan Louise Caldwell Faye Caudle Sue Everhart Grace Ivey Ruth Gregory Martha Jarrett Edith Jester Golda Mae Kearns Margaret Klemme Ruby Lee Daisy Lowe Virginia McCain Naomi Miller Henrietta Morgan Linell Morton Ruby Rhodes Sally Baynes Hazel Smith Ruth Strayhorn Iris Welch Julia Williard Clarice Williams Mary Louise York James Allen Charles Albertson Roland Beane David Brogden Kinley Frazier Colin Hendrick Charles Holley David McKinnon Albert McAnally Austin Watson Clarence Prince Ellis Roach Clayton Steele

Cottonseed Oil Prices Steady in New York Trading

Cottonseed oil closed steady with values noted for several futures contracts including prime summer yellow at 1020 and prime crude near 875 900. Other months listed 1065 for January and 1020 for June, with sales totaling 25 700.

New York

Cotton futures close lower in New Orleans trade

In New Orleans on June 6, cotton futures eased with a net decline of 30 points. Trading showed mixed highs and lows across the front months with most contracts finishing lower than their prior session.

Virginia Clubs Leave Piedmont After League Fold

Norfolk and Richmond clubs disband after the Virginia league dissolves. Petersburg and Portsmouth withdrew earlier, leaving two teams still in the league before failing to join Piedmont. Final conference between Frank Lawrence of Norfolk and George Barnes of Richmond sealed the decision.

Richmond W. (. Bramham Norfolk Petersburg Portsmouth Frank Lawrence George Barnes

Langston Is Winner In Gates County Meet

Gatesville report shows Langston leading with 329 points while Burgwyn had 277, Fountain 129, Grist 242, Peterson 42, Shipman 403, and Pied listed among participants in the Gates County competition.

Langston Gatesville Gates County Burgwyn Fountain Grist Peterson Shipman

Lydia E Pinkham Vegetable Compound Testimonials

Macon Georgia mother reports her twelve year old daughter gained color and energy after taking Lydia E Pinkham's Vegetable Compound. She praises the relief and offers to allow testimonial use. A young Columbus Ohio mother, eighteen, credits five years of decline to her condition and says the Vegetable Compound improved her health and she will answer letters about it.

Macon Lydia Pinkham G. H. Cornir Hazel Street Georgia Lydia E. Pinkham Drewry Moore Broderick St Columbus, Ohio

Also Mentioned on This Page

Democratic Club John F. Clark & Company Commercial National Bank Building Clevenburg E. E. Hutton and Co Stock Exchange Lamborn Hutchinson Whitney Autostrop Safety Razor Co., Inc New York, N. Y Chicago Hogs Orleans North Carolina Wisconsin Minnesota Idaho Russels Chicago Grain James Monroe Jack Marley Arnold Newby Curtis Newton Wade Queene Mary Robinson Gladys Saunders Cletus Swink Bertha Wood Lester Weaver Nick Antonakas Bruce Armstrong Paul Bulla Vestal Durham Benjamin Elam Ralph Foxworth Kelmon Gomo Roy Harris J. H. Hedgecock Harold Hinkle Lloyd Hughes Bernard Hunter Junior Hutchins George Kersey Guy Kinney Robert Kiriakides Harland Reid Leon Thompson Walter Har Rett Clarence Keever David Rogers Sherrod Salsbury Raymond Welborn George Welch George West Carroll Wade Vee Sechrest Hilda Allen Dorothea Andrews Mary Byerly Kathleen Embler Evelyn Emswilder Ruby Epps Gladys Freeman Tiona Bell Grant Doris Hedgecock Lois Hedgecock Catherine James Helen Jones Cornelia Jackson Mabel Koontz Mae Morgan Esther Murphy Doris Pope Evelyn Poplin Carol McKee Mary Frances Parker Helen Paschal Jack Coble Guy Hepler Mabel Pike Dorothy Ruth Meredith Strickland Virginia Thayer Dixie Thomas Helen Rea Blair Margaret Briggs Winnie Cassell Elsie Cook Mabel Dix Virginia Greenwood Ida Grey Harmon Katherine Hoover Pearl Kirkman Grace Lanier Beatrice Leonard Frances Moss Bernice Payne Maggie Peele Dorothy Russell Maidi Shipwash Florence O’byrne Gilmer Beasley Edgar Burton Albert Bell Robert Cox Earl Gregory Victor Key Paul Kinney Clifton Livengood Wade Pierce Garland Ruthrock Elmer Ruth Charles Stroup Dixie Strawhorn W. l L. Stamey Woodrow Samuels Milford Smith James Turner Howard Welborn Charlie Ward Alvah White Car Roll Barnhart Mary Elizabeth Bennett Mary Bulla Vonnie Craven Lawrence Cockman Elizabeth Clinard Robert Craven Caroline Dalton Paul Ellis Billie Frayley Vayda Hutchens Woodrow Hill Richard Hayworth Arthur Hucks Nellie Jones Thurlow Kearns Ray Kimrey Frances Lewis Maxine Kennedy Norman Pierce Richard Retten Millicent Rich Edward Morefield Frances Gordon Lindsay Reginald Rogers Fred Sappenfield Vibent Strock Willie Stanley Robert Shipman Edith Smith Carey Weedon Claudia Washburn Thurman Wall Nettie Waynick James Welborn Mary Whitely O. R. York Carson Stout Lucile Mercer Evelyn Allen Buster Beall Harold Burgess Marie Butler Elizabeth Carter Graome Fulton Ottie Greene Mary Gross Mary Haney George Hayworth Lucille Hobson Clyde Hershey Clara Hollingsworth Vance Kiger Alma Lee Elwood Lee Freddie Loftin Dallas Nance Illiam O'Neal Hazel Phillips Nolan Reid Marion Lame Juanita Scott Cleo Stephenson Wilson Sutton Cleve Webber Louis Welch Josephine Cooley Robert Arthur Atkins Robert Atkins Robert William Botoh Lawrence Comba Juanita Cox Nona Carrick Morton Compton Fay Davis Fredda Darlow Buena Fowler Edith Farrington Bernard Albert Leazer Chester Royal Paul Vuncanon Frank Young Almeda Stacy Evonia Warner Myrtle Williams Lottie Pugh Oak Hill School Hazel Bryant Ruby Cagle Johnnie Garner Lucile Hussey Kathryn Imes Verta Lee Kennedy Agatha Mabry Mildred Neal Phyllis Waggoner Wayne Connor Paul Craver Harry Griffin Richard Lowe Dewey Muse Reynolds Neave N. O. Cotton Futures Virginia Piedmont Adams Millis Ajax Vemwe Loz Balto Ohio Beth Steel Ekkeb Oas Dodge Motors Elec Power and Fleisch Yeast Freeport Tex Great Northern Goodyear Hudson Motors Ligett Meyers Ludlum Steel fAly Gen Motors Nash Motors Ee Sysal Conti Motors Pan Amn B R J Reynolds B . Cms TP Sou Pac Seaboard Sears Roebuck Studebaker Motors Stewart Warner Sou Sou Dairy Texas Corpn Texas Gulf US Ind Alcohol Victor Talk Mc Vick Chem White Motors Westa Flee Crucible Ste Pierce Arrow Sugar Yellow Truc Woolworth P Ry Simms Pete Co Ches and Ohio Cons Gas Goodrich Rubber Kelly Springfield Kenecotte Copper Kelvinator National Cash Reg Otis Steel Mex G. H. Cordle Hazel St Macon, Georgia Cream of South Southern Dairies Health Builders of the
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