Market Rebound Fails to Offset Broad Stock Declines
Increased resistance to selling emerged as declines widened in high priced stocks while rebounds appeared in a few issuers like Radio. Losses predominated as volume slipped below 2 million in early trading. News of United States Steel unfilled orders drop and auto tire price cuts fed a speculative push for lower prices amid bearishly or uncertain political sentiment.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Baldwin
Delaware & Hudson
Southern Railway
Union Pacific
Lackawanna
Moore
Greene Cananea
International Telephone
Abitib Power
Western Union
Brooklyn Edison
Detroit Edison
American Telephone
American
Dodge Bros
Kansas City
Raw sugar markets steady as demand stalls in New York
No sales reported in raw sugar early today. Prices stood at 4.30 duty paid. Raw futures opened 1 to 3 points lower amid long liquidation and weak refined demand. Refined sugar shows fair withdrawal demand with no new business. Fine granulated at 6.05 to 6.10, some second hand offers at 6.05.
MENTIONED IN THIS ARTICLE
New York
Cottonseed Oil Prices Steady in New Orleans Trading
In New Orleans on June 11 cottonseed oil closed steady with prime summer yellow at 955 and prime crude between 850 and 875. Futures listed include Jan 1000. June 956. July 965. Aug 975. Sept 990. Oct 993. Nov 998. Dec 998.
MENTIONED IN THIS ARTICLE
New Orleans
Cottonseed Prices Decline as Trade Flows Slow
New York June 11 cottonseed closes easier with notable price levels for futures and schedules. Prime summer yellow 1035, prime crude 850 875, Jan 1060, Jun 1020, Jul 1017, Aug 1041, Sep 1049, Oct 1661, Nov 1059, Dec 1061. Sales 14,700.
MENTIONED IN THIS ARTICLE
New York
Spot Cotton Steady. Prices Decline Eight Points
Spot cotton closed steady eight points lower. Sales total 584 with low middling 1953 and middling 2945 and good middling 2083. Receipts 2,390 and stock 293,504.
MENTIONED IN THIS ARTICLE
New Orleans
Whitney's Letter bullish signals market recovery
The analyst expects Saturday trading and early day liquidations to cap a week of bad news. The note foresees breaking resistance, rising volume, and urges buying Roebuck American Can General Motors Consolidated Gas American Smelting Sears Roebuck Allied Chemical Anaconda Morgan Pac and other solid leaders including Steel.
MENTIONED IN THIS ARTICLE
New York
Roebuck
Amn Can
Gen
Motors
Cons
Gas
Amn Smelting
Sears Yellow Truck
Allied Chemical
Anaconda Mo. Pac
Steel
Cotton Market Weighs Weather and Pests Across Several States
June 11 New York report notes July 12 and Jan 4 futures steady while spot sales reach 6 000 bales. Rainfall logged in Little Rock and Shreveport with Texas and Oklahoma stations reporting showers. Weevil activity blamed for early squares near Terrell and New Braunfels as private crop advices remain mixed and conditions call for dry warmth.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Little Rock
Shreveport
Palestine
Texas
Fort Worth
Okla
Vicksburg
Dallas
Terrell
New Braunfels
North Street
Foor
Clevenburg
Market roundup notes on steel and industrial averages
Mid Cont. Pete cites ongoing considerations to strengthen finances with no definite plan or immediate financing. U.S. Steel unfilled tonnage at May 31 stands at 3,416,000 tons, down 455,311 from April 30. Average 20 industrials at 209.01, down 2.50. Average 20 rails at 138.06, down 1.20.
MENTIONED IN THIS ARTICLE
New York
Pete
U.S
Weather snapshot across southern states with rain and clouds
The report notes cooler temperatures and weekend rainfall across central and western belts. Forecasts for Monday predict cloudy skies with scattered thundershowers, concentrated in eastern and central belts. Regions from Memphis to Atlanta show variable conditions with rain reported in several cities.
MENTIONED IN THIS ARTICLE
Memphis
Stanley
New Orleans
Ft. Worth
Dallas
Houston
Alabama
Mobile
Thomasville
Atmore
Greenville
Montgomery
Birmingham
Tuscaloosa
Huntsville
Arkansas
Little Rock
Pinebruee
Texarkana
Louisiana
Market outlook notes and broker recommendations
Pynchon comments on awaiting developments and advises purchases on setbacks. Orvis Bros. maintains buy recommendations on easing and scale down as market permits. Hubbard Bros. says early week market action hinges on weekend weather developments in the south.
MENTIONED IN THIS ARTICLE
Pynchon
Orvis Bros
Hubbard Bros
Wheat market muddled as government data temper gains
Chicago June 11 The wheat market showed mixed trading with still modest bullish sentiment from government returns. Southwest gains failed to offset midwest losses and Pacific Northwest shortages were small. Traders prefer buying on dips but doubt sharp rallies without stronger support.
MENTIONED IN THIS ARTICLE
Chicago
Southwest
Middle West
Pacific Northwest
Tribune
Procter and Gamble Reports Crop Progress Through June
Procter and Gamble reviews crop progress from May 20 to June 6, expecting a 7 to 9 percent rise in acreage. Unseasonable spring weather keeps outlook cautious, but plants have withstood conditions well and may improve with warm open weather.
MENTIONED IN THIS ARTICLE
Proctor and Gamble
Stock Opinions from E F Hutton and Co and Hornblower and Weeks
E F Hutton and Co warn more caution is needed amid current conditions. Hornblower and Weeks express a reduced need for bearishness, noting a shift in market sentiment.
MENTIONED IN THIS ARTICLE
E. F. Hutton and Co
Hornblower and Weeks
Market guidance hints at continued irregularity and buying
The note urges avoiding the short side and recommends aggressive buying as Halle and Stieglitz signal ongoing market irregularity and potential opportunities.
MENTIONED IN THIS ARTICLE
Halle
Stieglitz
Potatoes market shows weak tone in new stock trade
Receipts 259 on track 357 and total U S shipments 1553 Saturday 99 cars Sunday 99. Prices for sacked Bliss and North Carolina Irish cobblers range 1.60 to 3.50. Demand was described as fairly good in places but overall market remained very weak with old stock not selling enough to establish price levels.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Alabama
Louisina
Bliss
Texas
North Carolina
Market Rates Report From New York Silver Mint
Silver prices in New York on June 11 show bar silver at 60 5 8 and Mexican dollars at 46 5 8.
MENTIONED IN THIS ARTICLE
New York
Liverpool Cotton Prices and Futures Board
Liverpool June 11. Spot cotton in fair demand with prices easing. American grades dominate sales of 6,000 bales, 5,200 American, no receipts. Futures closed barely steady with July at 10.93 and later months around 10.70 to 10.80.
MENTIONED IN THIS ARTICLE
Liverpool
Chicago Livestock Prices Slide and Rise Across Markets
Chicago livestock report shows hogs at 58 000 head with mixed pressure from Friday’s averages. Hogs heavy and big weights strong to 10c higher. cattle at 20 000 head, calves 4 000, mostly steady to 25c lower. Slaughter steers and heifers broadly steady, yearlings in demand, cows and bulls range through multiple price bands. sheep activity softens with lambs and ewes down.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
USDOA
Wheat Market Drops on Better Spring Wheat Reports
Chicago grain prices eased as spring wheat belt data improved harvest prospects and weak Liverpool quotations reduced export demand. Wheat closed unsettled 7 to 13 8 cents lower, corn moved 1 to 8 cents down to 1 8 up, and oats varied with a 12 cent decline to a 2 cent gain.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
North America
Call Money and Banker Acceptance Rates in New York
June 11 report shows call money firmer at 6 to 51 2 with ruling at 51 2. Time loans mixed collateral 60 90 days 51 2 5 5 8 and 4 6 months 51 2 5 5 8. Prime mercantile paper 41 2. Bankers acceptance ranges posted for 30 to 5 6 months from 41 8 to 4 3 8 with various 4 1 8 4 1 4 terms.
MENTIONED IN THIS ARTICLE
Call Money
New York
Prime Mercantile
Cotton market quiet with mixed after rainfall reports
The New York cotton market opened steady and closed with narrow moves as rains in the south influenced early buying. Futures closed mixed with active months near unchanged and a slight edge for later contracts, including January through December series.
MENTIONED IN THIS ARTICLE
New York
South
P. C
Metal prices steady in copper and tin market report
New York copper and tin hold firm as electrolytic copper trades around 143 4, iron remains quiet with No 2 F O B prices from East Pennsylvania Buffalo Alabama, lead steady at East St. Louis, antimony 10.00 to 10.15, quicksilver at 124.00.
MENTIONED IN THIS ARTICLE
Pennsylvania
Buffalo
Alabama
East St. Louis
New Orleans Cotton Market Sees Modest Activity
New Orleans June 11 reports a moderately active cotton market with prices fluctuating narrowly and no definite trend. Early trading showed limited movement as traders awaited clearer guidance.
MENTIONED IN THIS ARTICLE
New Orleans
Cotton futures ease after uneven trading in New Orleans
Prices fell 11 to 12 points with a mixed session on June 11 in New Orleans. Traders cited unfavorable weather and reactionary selling in the northern market, with day exports totaling 3 611 bales as the market steadied late showing modest recoveries from intraday lows.
MENTIONED IN THIS ARTICLE
New Orleans
Foreign Exchange Rates and Cables in New York
The New York market shown mixed quotations in cents for major currencies on June 1. Rates listed include Great Britain 487 13 16 demand, France 3.931 8, Italy 4.25 5 8, Belgium 13.96, Germany 23.88, Japan Tokyo 46.50, Shanghai 66.12 1 2, Montreal 99.75 7 8, with numerous cable and 60 day bill on banks figures.
MENTIONED IN THIS ARTICLE
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
U. GOV T. BONDS. June 11 New York
US government bonds closed with Liberty issues and Treasury notes trading at gains and losses. Liberty 3 1/2s at 100.8, Liberty First 4 1/4s at 101.6, Treasury 4s around 108.7 to 113.12, and other Treasury maturities listed.
MENTIONED IN THIS ARTICLE
U. Gov T. Bonds
New York
Liberty
Treasury
Spot Cotton Report From Charlotte
Spot cotton in Charlotte on June 11 is quoted at 20 cents.
MENTIONED IN THIS ARTICLE
Charlotte
Open Golf Crown Trials At Atlanta for Southeast Players
Seventeen Southeastern golfers test for the 1928 Open at Olympia Fields with Bobby Jones already qualified. Watts Gunn withdraws to play in Dallas Southern Amateur. notable entrants include Tubby Palmer Black Ball Livingson Beckett Ulmer Goebel Milne Thomason and others. Postponed trip looms as Mrs Coolidge remains ill in Washington.
MENTIONED IN THIS ARTICLE
Atlanta
Olympia Fields
Chicago
Watts Gunn
Dallas
Bobby Jones
T. W. (Tubby) Palmer
Miami
Charles Black
Frank Ball W. Livingston
Howard Beckett
Henry Johnson
Alabama
Frank Clarke
Asheville
Fred Hyatt
Charlotte
R. H. Booker
A. C. Ulmer
Jacksonville
Bill Goebel
Alex Milne
la Grange
Gene McCarthy
Memphis
Banditary stock drops on New York curb market
New York June 11 common stock of Banditary corporation fell to 156 a share on the curb market after earlier highs of 223 in April amid world wide speculation.
MENTIONED IN THIS ARTICLE
New York
Banditary Corporation
Miss Sallie Bethune Dies in Charlotte at 77
Miss Sallie Bethune longtime Charlotte schoolteacher and pioneer in North Carolina education died in Charlotte after a long illness. She had taught for half a century and spent time at the Charlotte sanatorium before her passing at age 77.
MENTIONED IN THIS ARTICLE
Miss Bethune
Charlotte
Sallie Bethune
North Carolina
Greenland Iceland air route eyed for summer use
Meteorologists and aviation officials weigh a possible summer air route between Europe and North America via Greenland and Iceland. Prof. Hobbs says best conditions July 1 to 15 with continuous daylight. naval experts call a Greenland link a potential stunt but feasible in May to August with risks of ice accretion.
MENTIONED IN THIS ARTICLE
New York
North Atlantic
Europe
North America
Greenland
Iceland
Charles A. Lindbergh
Naval Hydrographic Office
Washington
W. H. Hobbs
University of Michigan
United States Army
Lowell Smith
England
Orkney Islands
Labrador
Boston
Orkneys
Newfoundland
Ireland
Lindbergh
Paris
Greenland-Iceland
P. Y. H. Weems
Navy
Thomas G. Lanphier
Selfridge Field
Mich
Hobbs
Arctic
Mt. Evans Station
Associated Press
Kimball
Atlantic Air Passage
U. S. Army World Fliers
Bert Hassell
Continuation schools push students toward their best futures
The piece promotes compulsory attendance to age eighteen with continuation classes in daytime for working youths. It highlights how these schools guide pupils to discover strengths, pursue crafts, and engage in arts, citizenship, and home making. The goal is to ensure confidence and skill for success in chosen fields.
MENTIONED IN THIS ARTICLE
New York
Texas Livestock Men Unite to Fight Fly
In San Angelo Texas ranchers unite to wage war on flies using cone shaped traps of tin and screen wire set on 640 acre tracts near water. Scented bait draws insects to traps and cooperation has cut screw worm infections by 80 percent in Menard County over three years.
MENTIONED IN THIS ARTICLE
San Angelo
Texas
West Texas
Menard County
Authorities Dispute Turken Crossbreed Claim
Washington reports the Department of Agriculture rejects the idea that the so called turken is a chicken turkey cross. It notes crosses exist between chicken and pheasant but produce sterile offspring. The turken’s naked neck suggests blood from the Transylvania naked neck breed from east India.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
Transylvania
East
India
Flies Demonstrate Mendel Law At Aberdeen Lab
Pure-bred vine gar flies, drosophila melanogaster, are used in the Northern Normal agricultural lab at Aberdeen to illustrate Mendel's law of definite ratio. Prof. J. C. Readey conducts the demonstration with cooperation from the U S department of agriculture. Flies sourced from University of Illinois zoology.
MENTIONED IN THIS ARTICLE
Aberdeen
S. D
Norma
Mendel
J. C. Readey
U. S. Department of Agriculture
University of Illinois Department of Zoology
Sale of Valuable Land by Trustee in High Point
Public auction set for July 12 1928 at 1 30 p m on West Green Street High Point Guilford County NC. Property described as Lot No 7 Block A Gurley lands adjoining Carl Bolding and McFarling with east facing frontage. deed of trust for $486 by C W Buchanan and Maggie Buchanan to W A J Idol trustee for Mutual Investment Company recorded Book 557 page 100.
MENTIONED IN THIS ARTICLE
Juline Gray
Gray
Fletcher Gray
Wifh Gray
Paul Gray
Carrie Clayborn
Charles Clayborn
Ruth Gray
Green
Gree
Walter Gray
Gertrude Gray
Edith Gray
Saunders
Plas Gray Saunders
Bo Saunders
Mary Gra Long
Marvin Gray
Annie Gray
Helen Gray Holmes
Raymond Holmes
Julius Gray
High Point
Guilford County
North Carolina
Allison Gray
Office of the Register of Deeds
Elizabeth and
Redding
Superior Court
Court House
Said County
Greensboro
Co. SS. Lambeth
C. W. Buchanan
Maggie, Buchanan
W. A. J. Idol
Mutual Investment Company
West Green Street
County of Guilford
Carl Bolding
McFarling
Gurley
High Point Votes on City Hospital Bonds in July Election
Notice sets July 3 1928 as special election seeking approval of a 200000 bond issue to finance a public city hospital and related maintenance tax. Polling places include Chamber of Commerce Globe Industrial Bank and several fire stations. New voter registration opens June 4 to June 23 with registrars and judges listed for each precinct.
MENTIONED IN THIS ARTICLE
High Point
North Carolina
City of
Chamber of Commerce
Globe Industrial Bank
North Wrenn Street
George W. Lowe Motor Co., Inc
Elwood
South Main Street
South Wrenn Street
Evans Store
Mangum Avenue
J. R. Stone
E. J. Edwards
J. W. Hayworth
J. E. Wagner
C. A. Smith
Harold Ryan
J. L. Sechrest
A. M. Upshaw
F. M. Wright
Baxter Ridge
W. M. Kinney
G. T. Royals
Z. M. Silman
J. O. Coltrane
R. L. Spencer
J. E. Horney
A. G. Burchfield
Howard Steele
G. A. Kerr
R. L. George
Will Peebles
ED. L. Ragan
Also Mentioned on This Page
Stanley W. Prenosil
John F. Clark & Company
Commercial National Bank
Whitney
NEW York Copper
Atlantic Ocean
Adams Millis
Ajax
Ee Fae
Tel
Amn
Eee
Atl Coast L Ry
Balto Ohio
Beth Steel
Sre
Secacd
Weesevo
Chrysler
Dodge Motors
Elec Power
Fleisch Yeast
Famous Players
Lg Freeport Tex
Goodyear
Hudson Motors
Ligett Meyers
Gen! Motors
Nash Motors
Park Tilford
Conti Motors
Packard Motors
Remington Rand
R J Reynolds
Seaboard
Sears Roebuck
Studebaker Motors Se
Stewart Warner
Texas Corpn
Texas Gulf Sere Tee
Us$ Ind Alcohol
Vivadou . Ve
Victor Talk Mch . . Se
Vick Chem . Eee
White Motors
Westa Elec “Se
Pierce Arrow
Woolworth Ees Eee
Miami Copper
C Ri and
P Ry Co
Lll
Simms Pete
Ches and
Ohio
Goodrich Rubber
Kelly Springfield
Kenecotte
Otis Steel
Indl Cement
Kresge
North Amn Co
George D. Strayer
Green Street
A. J. Idol
High Point Savings & Trust Co
Texas Livestock Men
N. C
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