Stocks Fall Sharply as Market Closes Heavy
New York stocks slid in a brief session with heavy liquidation across accounts. Major leaders such as U S Steel and General Motors dropped to week lows while high priced issues faced selling pressure. Radio and several industrials fell, total volume about 1.4 million shares.
MENTIONED IN THIS ARTICLE
New York
U.S. Steel
General Motors
American Bank
International Telephone
U. S
Russia Insurance
American Telephone
Wright, Curtiss
Reading
Southern Pacific
Delaware and Hudson
County wide election results and fractions for candidates
The report notes a county election next Tuesday with 111 and a fraction votes for Smith, 233 uninstructed ballots, and three and a fraction votes for Reed. The fragment suggests variable voter instructions and incomplete tallies from the polling.
MENTIONED IN THIS ARTICLE
Smith
Reed
Wayne County Democrats Endorse Delegates in Convention
In Goldsboro on June 9 Wayne County Democrats in convention instructed seven delegates for Smith and eighteen for Hull. Senator Simmons was endorsed for national committeeman.
MENTIONED IN THIS ARTICLE
Goldsboro
Wayne County
Smith
Hull
Simmons
Pasquotank Delegation Votes as Unit at Democratic Convention
Elizabeth City June 9 The Pasquotank delegation of seven to the state democratic convention was not instructed at the county convention today but was directed to vote as a unit. The ticket was presented by Smith forces.
MENTIONED IN THIS ARTICLE
Elizabeth City
Pasquotank
Smith
Delegates From Columbus County At State Democratic Convention
No instructions were given delegates from Columbus County to the state Democratic convention in Raleigh on June 12.
MENTIONED IN THIS ARTICLE
Wilmington
Columbus County
Raleigh
No presidential preference vote in Statesville session
Statesville reports that in today's session no presidential preferential vote was taken to select delegates to the Democratic state convention in Raleigh on June 12.
MENTIONED IN THIS ARTICLE
Statesville
Raleigh
Hull Leads In New Hanover County Delegates Vote
Wilmington June 9 Senator Cordell Hull of Tennessee received 31 of New Hanover county’s delegates to the Democratic state convention in Raleigh on June 12 while Gov Al Smith of New York had 4. The vote stood Hull 228 3-4, Smith 36, George 211-4, Reed 3.
MENTIONED IN THIS ARTICLE
Wilmington
Cordell Hull
Tennessee
New Hanover County
Raleigh
Yov
al Smith
New York
Hull
Smith
George
Reed
Vance County Delegates Pick 8 for Smith Hull
Henderson June 9 The 15 Vance County delegates to the state convention were instructed to vote in a fixed proportion with G Hull Smith receiving eight votes for district delegates to the national convention McCain and W B Jones were endorsed for district delegates to the national convention.
MENTIONED IN THIS ARTICLE
Henderson
Vance County
Smith
G. Hull
R. S. McCain
W. B. Jones
Rowen County Democrats Endorse Pro Eighteenth Amendment
Salisbury voters urge delegates to support the eighteenth amendment and the Volstead Act at the June 12 Raleigh state convention. A resolution pledging Democrats to back the Houston convention nominee was defeated 1681 2 to 451 2 by precinct quota vote.
MENTIONED IN THIS ARTICLE
Salisbury
Rowan County
Raleigh
R. Lee Wright
Walter Murphy
Houston
Wilson County Democrats Split Amid Dual Conventions
At the Wilson county convention two conventions were held. One elected 18 Hull men. Smith supporters who withdrew contest five delegates, highlighting a split in the party.
MENTIONED IN THIS ARTICLE
Wilson
Wilson County
Hull
Smith
Buncombe County Delegation Uninstructed at Democratic Meeting
Buncombe county's 72 delegates to the democratic state convention were uninstructed at a meeting here. The delegation is strongly pro Smith, with Smith acclaimed as the party leader for the fall. Cordell Hull supporters were hooted down.
MENTIONED IN THIS ARTICLE
Asheville
Buncombe County
Smith
Cordell Hull
County Delegate Instructions From Several Regions
The display lists various counties with delegate counts and voting instructions for two candidates, Hull and Smith. Several counties show instruct ed or mixed allocations, including Burke 161-2 for Smith and Hull 101-2, Granville 49-11 for Smith and 102-11 for Hull, Edgecomb with 32 delegates and half votes for each, and others showing uninstructed or split allocations.
MENTIONED IN THIS ARTICLE
Scotland
Dare
Burke County
Smith
Hull
Polk County
Granville County
Stanly
Anson County
Martin County
Beaufort County
Chowan
Harnett
Edgecomb
Market notes show steady rates and mixed crop outlook
San Francisco and Cleveland reserve bank rates unchanged. U S Steel to issue noon report on May unfilled tonnage. June first winter wheat condition projected at 512 252 000 bushels versus 552 384 000 in 1927 finals. Winter wheat condition 73.6 percent vs 72.2 a year ago and 67.9 vs 78.6 last year. Weather shifts and Rh observed affect crops and retail trade with expectations of improvement. Industrials and rails fell on the day.
MENTIONED IN THIS ARTICLE
San Francisco
Cleveland Reserve Bank
U. S. Steel
Department of Agriculture
Rge
P. c
Duns
Bradstreets
Whitney's Letter Indicates Persistent Market Bearishness
Whitney's letter notes yesterday's market moved contrary to expectations and signals a continuing bearish sentiment until prices rise. U.S. Steel, American Can, Allied Chemical, and General Motors led selling, with high grade rails also weak due to sentiment and light short interest.
MENTIONED IN THIS ARTICLE
New York
U. S. Steel
American Can
Allied Chemical
Gen. Motors
Cotton Letter and Weather Update Across Market Belt
New York Liverpool closed dates July through January with American points lower than due and spot sales at 3,000. Mids 11.46, down to 11.45. Weather: Abilene 104, Carolinas and Georgia fair today with showers tomorrow. Alabama showers north portion. Mississippi showers today into tomorrow. Arkansas Oklahoma and Texas showers and cooler. Memphis crop forecasts show rain early in the week, creating a serious southern belt situation. Worth Street reports moderate to light business. Fall River week’s sales around 5,000 pieces. Higher market anticipated today on predicted rain over the belt not needed.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Abilene
Carolinas
Ala
Miss
Ark
Okla
Texas
Memphis
Worth Street
Fall River
Grain prices may rebound after bearish report
Stock gossip notes expect a sharp recovery in grain prices if the report is not decidedly bearish, signaling potential upside moves after current level.
MENTIONED IN THIS ARTICLE
Stein Alstrine
Chicago Tribune Summary of Winter Wheat Report
The government winter wheat report meets expectations with rains helping prevent further deterioration. The southwest shows improvement while the coast weakened. Traders view the report as bullish due to a 30 cent July wheat drop since late April and overall market liquidation. J. F. Clark.
MENTIONED IN THIS ARTICLE
Chicago Tribune
Market chat hints at caution amid mixed trader mood
E F Hutton and Co see no change in market character and urge caution. Halle and Stieglitz say unless stocks are bought at current levels on a long pull, maintain a strict day to day trading stance. Hornblower and Weeks report a generally bearish trader mood, with events briefly backing their operations.
MENTIONED IN THIS ARTICLE
E. F. Hutton and Co
Halle and Stieglitz
Coming Events and Irregular Rally Attempts
Irregular efforts to rally special issues are reported today with continued attempts before the close.
Cotton Opinions and price outlook from traders
F B Keech sees no extended move in either direction in the near term. Hubbard Bros say warmer weather may restrain the market but any bad weather or crop reports could trigger a sharp rise. Wade Bros advise against bearish stance on better weather as technicals point to a potential advance on good news.
MENTIONED IN THIS ARTICLE
F. B. Keech
Hubbard Bros
Wade Bros
Textile stocks steady as market quiet in South mills
Textile stock report from Gastonia North Carolina notes the average price of twenty five active common stocks of Southern Textile Mills closed at 110.52 for the week, up slightly from 110.44 prior week. No material moves in the list for months, market remaining quiet with many long term investors.
MENTIONED IN THIS ARTICLE
Gastonia
N. C
Southern Textile Mills
R. S. Dickson and Company
Com
Stocks Shift Toward Higher Grade Preferred Issues
Textile mills face uncertainty in continuing regular dividends on common stocks. Investors show heightened interest in preferred issues as stocks gradually convert to higher grade offerings, reflecting cautious market sentiment about ongoing distributions.
Spot cotton prices steady in Liverpool market
Liverpool reports quiet spot cotton with prices steady across grades. American strict good middling 11.96 and other grades listed. sales 3,000 bales with 2,000 American, receipts 2,000 bales, none American. Futures closed quiet with July at 10.96 and subsequent months around 10.70 to 10.81.
MENTIONED IN THIS ARTICLE
Liverpool
Cotton seed oil prices steady in New Orleans market
In New Orleans on June 9, the market closed steady with values across contracts: prime summer yellow 9.60, prime crude 8.50 8.75, and futures for January 10.05 while June 9.65, July 9.82, September 9.94, October 9.96, November 9.98, and December 9.98.
MENTIONED IN THIS ARTICLE
New Orleans
Market Brief Silver Prices From New York
SILVER PRICES IN NEW YORK ON JUNE 9 QUOTED BAR SILVER AT 601 8, MEXICAN DOLLARS AT 461 4.
MENTIONED IN THIS ARTICLE
New York
New York Cotton Market Opens Steady on Rain Risks
Cotton futures trend shows early gain on rain in central belt and southern weather concerns, with October at 20.79 and July trading amid nervousness over weekend weather. Private cables note Liverpool prices down and India cloth sales, while China data remains unfavorable.
Grain market soars on government crop report
Chicago grain prices jump after the government crop report and export trade news. Spring wheat shows a weaker condition than expected, fueling bullish sentiment. Wheat moves from 21 1/2 to 41 2 cents higher with corn oats and provisions also rising early, as trading opens.
MENTIONED IN THIS ARTICLE
Chicago
Cotton futures steady with slight gains in New Orleans
New Orleans Cotton futures closed steady with a modest advance of 3 to 5 points across contracts. The report lists prices for January, March, July, October and December 2015 and nearby months, indicating a muted upward movement.
MENTIONED IN THIS ARTICLE
New Orleans
P.C
Cotton Futures Open Steady in New York Trading
Cotton futures opened steady in New York with July at 20.59 cents, October 20.70, December 20.54, January 20.43, and March 20.40 while traders noted a cautious start.
Cotton futures open steady amid mixed bids
Cotton futures in New Orleans opened steady on June 3 with July 2035 and October 201% bids, while December 2018 and January 2015 showed bids, and March 2015 bid also present.
MENTIONED IN THIS ARTICLE
New Orleans
Wheat Estimate for Southern States Reveals Production
Washington June 9 wheat output projections released by the department of agriculture show Maryland producing 8,640,000 bushels among other principal southern states.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
Maryland
Regional Lottery Tax Totals by State Highlighted
The report lists stock figures for several states including Virginia with 7,265,000 and North Carolina with 4,463,000 alongside West Virginia 1,390,000 and others such as South Carolina 783,000 Georgia 871,000 Kentucky 801,000 Tennessee 3,148,000 Alabama 70,000 and Mississippi 107,000.
MENTIONED IN THIS ARTICLE
Virginia
North Carolina
West Virginia
South Carolina
Georgia
Kentucky
Tennessee
Alabama
Mississippi
Cottonseed Oil Prices Close Mixed In New York
Cottonseed oil markets closed easy with summer yellow at 10.20 and crude 8.50 to 8.87. Prices listed for January through December show steady to slight increases and total sales reached 4,300 units.
U. S. Bond Closing Prices Reported in New York
U S Bonds in New York on June 9 show Liberty 3 1 28 at 100.9 and Liberty First 4 1 4s at 1061.3. Liberty third and fourth 4 1 48s trade around 100.26 and 101.26. Treasury 4 1 4s quoted at 113.3 and Treasury 4s at 108.4.
MENTIONED IN THIS ARTICLE
U. S. Bonds
New York
U. S
Liberty
Treasury
Foreign exchange rates in New York quoted in cents
The New York foreign exchange market shows mixed quotations for June 9 with demands and cables listed for Great Britain France Italy Belgium Germany and other nations. Rates cover demand cables and select 60 day bills across diverse currencies and regions including Tokyo Shanghai Montreal and European capitals.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Cotton market closes steady with mixed spot quotes
Spot cotton finished quiet with no change as sales reached 23. Prices showed varying levels with low middle class at 1961, middling at 2051, and good middling at 2091 indicating a steady trading day.
MENTIONED IN THIS ARTICLE
SPOT
New Orleans
Spanish Premier breaks engagement to focus on rule
Madrid June 9 Primo de Rivera ends engagement to Senorita Mercedes Castellanos after she trades on the stock market with Count Cimera and the Duke of Almodovaldo. La Nacion quotes the premier saying his future political career will continue, pledging to oppose old party strife and govern as dictator.
MENTIONED IN THIS ARTICLE
Madrid
Primo de Rivera
Spain
Senorita Mercedes Castellanos
Stock Exchange
la Nacion
Senorita Castellanos
Cimera
Duke of Almodovaldo
Alfonso
Choir Picnic At Archdale Playground
Central Friends church choir members held a Thursday night picnic at Archdale playground with about 20 attendees. Before supper served around a camp fire, participants enjoyed games and fellowship.
MENTIONED IN THIS ARTICLE
Archdale
Central Friends Church
Campaign currents amid Hoover talks and convention agenda
Campaign chatter centers on harmony to secure November victory if Hoover secures the nomination. Senator Watson and Ruth Hanna McCormick pledge no bolt amid Hoover plans while Coolidge options spark discussion. At the Republican National Convention opening on June 12, official business lists prayer, roll call, temporary chair and officers, and committee selections.
MENTIONED IN THIS ARTICLE
Hoover
Watson
Ruth Hanna McCormick
Lowdon
Coolidge
Love
William M. Butler
Massachusetts
Republican National Committee
Roy O. West
Illinois
Iowa Delegation Backs Hoover Nomination
Kansas City report notes the Iowa delegation virtually decided to back Herbert Hoover for the nomination, with support forming a unified stance amid the nomination process.
Special Trains Bring Visitors for Republican National Convention
Kansas City June 9 delegates and observers arrive as a special California train signals the opening influx for the Republican National convention reception committees with brass bands mobilized to greet arriving delegates and officials before Tuesday’s opening session.
MENTIONED IN THIS ARTICLE
Kansas City
California
Delegations From Many States Arrive By Train
Sixteen trains will arrive Monday bringing delegations from Arkansas Alabama Arizona Washington Colorado Kentucky Maine Delaware Maryland Massachusetts Pennsylvania Ohio Minnesota the Dakotas Indiana New Hampshire New Jersey and other states.
MENTIONED IN THIS ARTICLE
Arkansas
Alabama
Arizona
Washington
Colorado
Kentucky
Maine
Delaware
Maryland
Massachusetts
Pennsylvania
Ohio
Minnesota
The
Dakotas
Indiana
New Hampshire
New Jersey
States
Presidential candidates among arrivals today
Senator D. Goff of West Virginia led Frank C. Lowden by one hour on today’s slate. Mrs. Lowden and Miss Florence Lowden accompanied the former Illinois governor in the party.
MENTIONED IN THIS ARTICLE
D. Goff
West Virginia
Frank C. Lowden
Lowden
Florence Lowden
Illinois
6000 Pound National Emblem At Convention Hall Entrance
A 6000 pound national emblem depicting an eagle with a 20 foot wingspan is installed at the main entrance to the convention hall. It is encrusted entirely with Nova gem jewels imported from Austria and will glitter by day and reflect beacon light at night.
MENTIONED IN THIS ARTICLE
Convention Hall
Austria
Radio network to deliver convention coverage nationwide
A seventy station NBC CBS and Tribune network will broadcast the convention from a hall next week. Announcers Graham McNamee for NBC Major Andrew White for Columbia and Quinn Ryan for the Chicago Tribune will narrate word pictures of events color crowds and atmosphere.
MENTIONED IN THIS ARTICLE
National Broadcasting Company
Columbia Chain
Chicago Tribune
Graham McNamee
Andrew White
Columbia
Quinn Ryan
Cable network installed for delegates and press
A cable of 800 wires serves 600 newspapermen and delegates in the convention hall to handle news dispatches and telephone calls. Officials estimate over 1,000 miles of new telephone circuits will be in service Monday.
MENTIONED IN THIS ARTICLE
Convention Hall
Weaver denies seconding Hoover nomination report
Kansas City June 9. Har ry O Weaver of Wapello Iowa a Lowdon instructed delegate denied today that he would second Herbert Hoover s nomination Mrs Hollowell had suggested such action but did not indicate Iowa would back Hoover The Iowa delegation headquarters and Lowden offices reacted with renewed activity Hoover headquarters said they knew nothing of it.
MENTIONED IN THIS ARTICLE
Kansas City
Harry O. Weaver
Wapello
Iowa
Lowdon
Herbert Hoover
Weaver
Hoover
North Carolina Delegation Prepares for National Convention
North Carolina Republicans plan for a Kansas City gathering led by Brownlow Jackson of Hendersonville as the delegation forms a possible organization en route. Ten back Lowden, seven back Hoover, three undecided. Coolidge favored by many. Bramham of Durham supports Lowden and will join Raleigh delegates tonight.
MENTIONED IN THIS ARTICLE
Brownlow Jackson
Hendersonville
United States
North Carolina
Kansas City
Tar Heels
Herbert Hoover
Commerce
Frank O. Lowden
Illinois
Lowden
Hoover
Coolidge
Jonas
Jackson
Blair
W. G. Bramham
Durham
Lowdon
Bramham
Raleigh
North Carolina Delegates Head to Republican National Convention
Durham reports Judge William G. Bramham will join Kansas City as a delegate at large. The state totals give Lowden 13 votes, Hoover 5, with two unpledged. Raleigh notes Willis G. Briggs and Ezra Parker Benson depart to attend the convention representing the fourth district.
MENTIONED IN THIS ARTICLE
Durham
William G. Bramham
Kansas City
North Carolina
Bramham Lowden
Hoover
Raleigh
Willis G. Briggs
Ezra Parker Benson
Kansas
Local men return from Elizabeth City meet
R H Sechrest of Sechrest Funeral Home and A J Koonce of Yew Franeral Home returned yesterday from Elizabeth City where they attended the NC Funeral Directors and Embalmers Association convention. Sechrest, last year’s president, presided over meetings. Dan G Shaw of New Bern is this year’s president.
MENTIONED IN THIS ARTICLE
R. H. Sechrest
Sechrest Funeral Home
Elizabeth City
North Carolina Funeral Directors and Embalmers Association
Sechrest
Dan G. Shaw
New Bern
A. J. Koonce
Italia airship Italia signals fuel rescue near Spitzbergen
Reports from Kings Bay indicate the airship Italia, missing since May 25 with 17 crew led by General Umberto Nobile, may be near the polar ice cap north of Spitzbergen. Citta Di Milano and base ships chase signals, with Amundsen noting potential rescue and authorities cautious about open water conditions and possible hoax.
MENTIONED IN THIS ARTICLE
Kings Bay
Spitzbergen
Citta di Milano
Umberto Nobile
Manoya
Italia
Riiser-Larsen
Luetzow Holm
Hobby
Braganza
Hope
Rome
General Nobile
Biagi
Nobile
Citte di Milano
Giuseppe Biagi
Oslo
Norway
Roald Amundsen
North Pole
Cape Leigh Smith
Foy Island
Northeast Land
Northeastland
North Cape
Green Harbor
Varming
van Dongen
Icefjord
West Spitzbergen
Hinlopes Strait
Hinlopes Strait and Thence Over the Ice To Northeast Land
Cape
Administrator's notice for J D Bean estate Guilford NC
Joseph W Bean administrator of J D Beans estate in Guilford County NC calls creditors to present claims by May 28 1929 and debtors to settle promptly. May 28 1928 date appears in notice.
MENTIONED IN THIS ARTICLE
J. D. Bean
Guilford County
North Carolina
Joseph W. Bean
Sale Under Deed of Trust Greensboro 1928 Auction
Public sale of real estate in Guilford County by trustee Carter Williams follows a Deed of Trust dated April 28 1927 by Jerry and Lelia Corbett. The 96 14 acre property near David W Henley and Obed Thrift routes will be offered at courthouse door Greensboro NC on June 19 1928 between 12 and 2 PM.
MENTIONED IN THIS ARTICLE
Jerry Corbett
Lelia Corbett
Register of Deeds
Guilford County
Court House
Greensboro
N. C
David W. Henley
David V. Henley
David Henley
Henley
Carter Williams
Ellsworth Offers Rescue Aid for Italia Search
Rome June 9 Lincoln Ellsworth the American explorer has formally offered his services to the Italian government for any rescue work useful in seeking the dirigible Italia.
MENTIONED IN THIS ARTICLE
Rome
Lincoln Ellsworth
Italia
High Point Firemen Observe Memorial Day
Members of the High Point Fire department will observe memorial day by attending a morning service at First Presbyterian church and then holding exercises at station house number one. All members meet at station one at 10 30 AM to proceed together. honorary members are invited to attend. a roll call of the dead will follow at the station house.
MENTIONED IN THIS ARTICLE
High Point
Notice of Sale of High Point real estate and buildings
Public auction to sell three described tracts in Guilford county North Carolina under a 1927 deed of trust to benefit creditors of High Point Machine Works Inc. sale set for June 18 1928 at 2 PM at Greensboro court house with option to sell tracts separately or as a combined property.
MENTIONED IN THIS ARTICLE
High Point Machine Works, Inc
Credit Interchange & Adjustment Bureau, Inc
Register of Deeds
Guilford County
North Carolina
Court House
Greensboro
High Point Township
Clay Street
Hamilton
High Point Machine Works
Hamilton Street
Clay
Hamilton Streets
Said Street
Hamilton and
Mallory Streets
Roberson, Haworth & Reese
Also Mentioned on This Page
Perguimans
Whitney
J. F. Clark
Tune
India
China News
Congoleum
Chrysler
Dodge Motors
Fleisch Yeast
Famous Players
Hudson Motors
Intl Nickel
Ligett Meyers Ee
Ludlum Steel Om
Lorillard Tob Se Seer
Mo Pac Ry
Mack Truck
Ig Montgy Ward
Marland Oil
Genl Motors
Nash Motors
Overland
Wren Ee
Park Tilford
Packard Motors
Pan Ama
Ry “Ee
Remington Rand
Asec
RJ Reynolds R Ow
Cms&st P Ry
Seaboard
Sears Roebuck We
Studebaker
Texas Corpu
Vick Chem
S Sq BR Iy
White Motors
Westa Elec
Crucible Steel Eee Mwewere
Woolworth Ee
Miami
T and FP RY
Ssa
Simms Pete
Ches and
Ohio &Ee
Goodrich Rubber
Gulf States Steel
Kelly Springfield
Kenecotte Copper
National Cash
Otis Steel
Seaboard Oi
Tnd Cement
Eeee
Kresge Eee Ee
North Amn Co
Simmons Co
Ee Elelee
Sinclair Oil
Dupont
Cottonseed Oil
Mary States
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