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This newspaper page contains 36 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 12, 1928

Page

10

Hoover Boosts On Nomination Prospects At Republican Convention

Kansas City June 12 The Republican convention opens with optimism for Herbert Hoover as a Coolidge nomination seems unlikely. Officials predict Hoover on first ballot if Pennsylvania uncommitted delegates swing his way. Mellon caucuses and state delegations shape a likely Hoover victory while Coolidge is ruled out.

Kansas City Coolidge Hoover Commerce Pennsylvania Mellon Treasury Keystone State William S. Ware Philadelphia Senate New York Washington

Cotton Futures Open Steady in New York

Cotton futures opened steady in New York with active contracts for July 2035 October 2047 December 2028 January 2014 and March 2011 proving the market's current pricing stance.

New York

B C Stops Headaches and Quiet Nerves

Advertisement touts B C as a fast relief remedy from Durham North Carolina for headaches neuralgic pain and sciatic discomfort. It claims a five ingredient formula provides rapid relief with no depression or after effects and offers 10c or 25c sizes from RB Cc Remedy Co. Dept. 11 Durham NC.

North Carolina Durham N. C

Market Shakeout Seen to Signal Bottom and Rally Ahead

Whitney notes that after a sharp market drop the industrials closed about 3 3 4 points lower and rails 2 1 4 under Saturday, but argues the bottom is in and a rebound plus heavy short covering will begin from this level as strong buying continues.

New York

Cotton Market Update From New York Trade Report

Liver pool at 12:15 p m October and January due July 6 American prices lower than due spot sales 6 000 Bales Midlings 113.5 against 45 yesterday Southern weather mixed damp in Jacksonville forecast showers in North Carolina and South Carolina Georgia Alabama fair and warmer Mississippi fair with showers tomorrow Arkansas Oklahoma rain cooler tomorrow Texas showers north. Reports show five week period sales at 77 2 percent of production shipments 93 4 percent of production stocks 441 000 000 yards end of month vs 418 000 000 May 1 unfilled orders 57 000 yards less than May 1 liquidation on weakness in stocks and lack of speculation for advance on weather. advise long side on favorable opportunities due to potential weevil damage later.

New York Liverpool Jacksonville North Carolina South Carolina Georgia Alabama Mississippi Arkansas Oklahoma Texas Association of Cotton Textile Merchants of Clevenburg

Stock Summary Roundup From New York Markets

Standard Oil of New Jersey advanced tank wagon gas cheaper by one cent a gallon in South Carolina. Manhattan Electric Supply Company declared a regular quarterly dividend of 1.25. Average 20 industrials fell 2.77 to 205.74. Average 20 rails declined 2.20 to 135.86.

New York Standard Oil of New Jersey South Carolina Manhattan Electric Supply Company

Market Roundup: Silver and Mexican Dollar Rates

New York price report shows Bar Silver at 60 1 4 cents per unit and Mexican dollars at 46 1 2 cents. The brief notes current metal values and currency unit quoters in an early session update.

New York

Cotton futures open steady in New Orleans trade

New Orleans on June 12 reports cotton futures opening steady with July at 20.19 cents per pound and later months including October 19.91, December 19.90, January 19.88, and March 19.88.

New Orleans

New York Cotton Opens Steady Before Midday Decline

The New York cotton market opened steady at a 9 to 14 point decline, with active months posting net losses of 11 to 14 points amid unsettled stock markets and bearish May cloth statistics. By midday, prices were 16 to 20 points lower, October at 20.36 after a brief rally.

New York Mehber Wall Street

Cotton prices ease on fair demand in Liverpool market

Cotton spot in fair demand with declines across grades in Liverpool. American grades show strict good midling 11.85 and good middling 11.55 while middling sits at 11.35 and lower grades down to 10.55. Sales total 6,000 bales, receipts 8,000 with 900 American. Futures quiet with July 10.87, October 10.74, January 10.65, March 10.65, May 10.63.

Taverpool Liverpool

Chicago Potatoes Report From June Market

Chicago on June 12 reports 147 carloads of receipts on track 381 and total U S shipments 101. Prices decline and demand eases as old stock trades slowly. Alabama Texas Georgia and Wisconsin sacks are listed with prices for Irish cobblers and sacked Russets vary across regions.

Chicago U. S Alabama Louisiana Texas Georgia Idaho Washington

Grain opinions temper wheat and corn outlooks

Thomson and McKinnon warn against assuming a permanent drop in values due to a likely small spring wheat yield. Logan and Bryan expect the winter wheat harvest reports to drive a two sided market next week. The corn market lacks outside aggressive demand.

Thomson & McKinnon Logan & Bryan

Cotton Opinions Market Note

Pynchon and Orvis Bros discuss cotton trends with emphasis on buying on setbacks and averaging downward. Hubbard Bros notes sections in poor condition, anticipating weeks of dry hot weather and no June improvements yet.

Pynchon Orvis Bros Hubbard Bros

Weather and grain market reports from Memphis area

Cotton news notes cooler Memphis temperatures and light rains across Memphis Nashville Chattanooga and New Orleans districts with rain in Alabama. Forecasts show Tuesday fair in eastern central belts and cloudy western belt with showers. Trade in wheat is subdued with price declines about 11 2 to 17 8 from Saturday. Canadian winter wheat condition 89 and spring 100 with oats 98 and rye 93. no crop acreage estimate provided.

Memphis Nashville Chattanooga New Orleans Alabama Stanley the Tribune Liverpool Canadian Northwest International Lines Canada

Chicago Livestock Market Report June Winded

Chicago livestock market report shows hogs trading higher on heavy weights with top around 10.20 for 250 lb hogs and mixed moves across weights. Cattle and calves slow with demand for well finished steers, with prices from 9.25 to 14.75 for various weight classes. vealers and yearlings steady to higher. Sheep and lambs weak with fat lambs down about 25 cents and feeding lambs steady to weak.

Chicago Livestock Chicago

New Orleans Cotton Slips on Liquidation Marks Decline

The New Orleans cotton market fell about 2.50 a bale as longs sold amid political uncertainty and stock-market unease. July eased to 19.83, October to 19.57, and December to 19.55, with mid-session weakness continuing and exports totaling 20 315 bases.

New Orleans

Cotton market opens lower as futures slip into midday

Bearish statistics from the textile bureau and weak Liver pool cables push the cotton market down at the open. First trades show declines of 7 to 10 points with July at 20.13 and October 19.90, before a late buyback lifts to 20.29 for July and 26.07 for October as storm fears ease and prices ease off later in the session.

New Orleans Textile Bureau Liverpool

Stock Market Slumps After Brief Rally Fades

New York June 12 The stock market plunged after an early rally failed to draw outside buying. At least two million shares traded by midafternoon as Banctely Corporation stock on the curb market dropped sharply. Radio and several high priced favorites fell, while a number of firms hit new low yearly records amid political uncertainty.

Associated Press New York Banectaly Corporation Call General Motors Wright Aeronautical American International Russia Insurance Case Threshing American Bank Note Abraham and Straus Baltimore Ohio Pennsylvania Kansas City Southern Chesapeake Corporation Crucible Steel Republic Steel AY Department Stores Liggett and Myers B Western Union

Stock market slide spurs early liquidation

The sharp break in stock prices yesterday led to more liquidation at today's market open. Allied Chemical rose 2 1 2 points on the first sale while Radio gained fractions. American Smelting and Curtiss Aeroplane fell about a point. Several favorites including Sears Roebuck, New York Central and Chesapeake and Ohio also slipped.

New York Allied Chemical American Curtiss Aeroplane Sears Roebuck New York Central Chesapeake and Ohio

Sugar market shows renewed activity as Porto Rican crude leads

New York reports 28,700 bags of Porto Rican raw sugar sold at 4.27 delivered to a local refiner, down 132 cents from prior sale. Nearby duty frees hold at the same price while Cuban sellers seek higher. Refined steady at 6.05 to 6.10. withdrawals remain large but new business weak. President Machado expected to sign decree withdrawing 300,000 tons, prompting cover.

New York Wall Street Cuba Machado United States

Metals Market Snapshots Show Mixed Copper and Tin Moves

Copper firm with steady electrolytic spot and futures at 1434. Tin eases with spot and futures around 487. Lead remains unchanged with New York at 630 and East St. Louis at 620. Zinc firm with East St. Louis spot listed at 612 and 615, futures at 615 and 617. Antimony priced at 10.00.

Metals New York East St. Louis

Wheat slips as rains hit Chicago grain market

Soaking rains in domestic crop areas and lower Liverpool quotations sparked an early drop in Chicago wheat. July wheat opened 7 to 8 cents down and traded as low as 21 4 cents below prior levels before later showing further losses. Corn moved in mixed fashion with initial declines then modest gains, while oats and provisions fell.

Chicago Liverpool

Foreign exchange rates listed for major nations

New York June 12. Irregular foreign exchange quotations shown in cents and percentages. Rates include Great Britain 487, cables 488 5-32, 60 day bills 484 5-16. France demand 3.93 1-8, cables 3.93 3-8. Germany 23.87, Holland 40.3144, Norway 26.78, Sweden 26.82, Denmark 26.82, Spain 16.62, Greece 1.30, Poland 11.25, Czechoslovakia 2.96 1-4, Yugoslavia 1.76, Austria 14.08, Argentina 42.62, Brazil 12.00, Tokyo 4638, Shanghai 67.00, Montreal 99.78 1-8.

New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Spain Greece Poland Czecholovakia Jugo Slavia Austria

Call Money Market Report New York June 12

Call money firmer with all loans at 6 and closing bid 6. Time loans show mixed collateral for 60-90 days at 51-2 to 55-8 and 4-6 months at 51-2 to 55-8. Prime mercantile paper at 4 1-2 to 4 3-4. Bankers acceptances unchanged.

New York Prime Mercantile

Cotton futures close data from New York market

New York June 12. Cotton futures closed with front positions mixed and several contracts posting gains on the day. January 2014 traded 1985 to 2027, March 2028 to 2022, July 2009 to 2046, October 2013 to 2053, December 1998 to 2038, reflecting subtle shifts in open, high, low, and close readings.

Cotton Futures New York P .C New Orleans P.C

Fences Signal New Farming Era in Bread Basket Valley

GRAND FORKS North Dakota fences mark a shift from vast wheat fields to diversified farming in the Red River valley. Once the bread basket with yields of 20 to 40 bushels per acre, the region now fences farms to manage livestock, expands dairying, cream eries rise, a sugar beet plant operates with 15 000 acres of beets, and plans for canning factories grow as miles of new fencing appear.

Grand Forks N. D Red River Valley North Dakota Minnesota

Turpentine and rosin market figures from Savanna GA

Naval Stores at Savannah Georgia on June 12 report turpentine firm totals with sales, receipts, shipments, and stock levels. Rosin firm shows sales, receipts, shipments, and stock, with price quotes for various grades and grades listed as BE, D, WG, WW, and X.

Naval Stores

Wheat prices dip to lowest since March amid bearish crop report

Persistent selling driven by good rains in the northwest and a bearish Canadian crop report pushed Chicago grain prices lower. The first car of new domestic wheat arriving at any terminal spurred further selling as traders priced in weaker demand.

Chicago Grain Chicago American Northwest

Fort Worth Market Reports Mixed Grain and Provisions Move

Fort Worth Texas reports show wheat unsettled 17 to 23.4 cents lower, corn down 1 to 4 cents, oats down 1 8 to 1 3 8 cents, while provisions swing from 10 cents decline to 7 cents gain.

Fort Worth Tex

Spot cotton closes quiet in New Orleans market

New Orleans spot cotton ends 33 points lower with 478 bales sold. Low middling grades near 19.20 cents, Middling at 20.10, Good middling 20.50. Receipts limited, stocks reported at 276,535.

New Orleans

Chicago Wheat and Grain Prices Reported in June

Chicago markets show Wheat at 6.2 hard 144 and 141.1-2 for mixed. Corn No 2 mixed 105 with other yellow 105 1-4 105 1-2. Oats No 2 white 70 73. Barley 92 103. Timothy seed 410 485. Cloverseed 1975 2700. Lard 1157. Ribs 12.50. Bellies 1387.

Chicago

Cottonseed Oil Prices in New Orleans Market

In New Orleans on June 12 cottonseed oil closed barely steady with prime summer yellow at 9.45 and prime crude at 8.50.

New Orleans

Cotton futures close steady with small decline

Cotton futures finished the session with a net drop of 33 to 35 points as trading closed. The market reflected slight weakness across the active months with modest losses noted in January March and later contracts.

U.S. Government Bond Closing Prices Report

New York June 12 government bonds finish with Liberty issues at 100.7 to 101.6 and Treasury issues around 105.22 to 113.13. Liberty notes include 8 12s 41 45 101.6 and 41 48 100. Treasuries cover 41 48 113.13 and 3 48 105.22.

Vu. S. Bonds New York U. Government Liberty Treasury

Denmark Expands Apple Purchases From America

Denmark has tripled its apple imports over five years as it buys more American fruit. Most imports come from Virginia with California and other states also supplying fruit. Smaller amounts arrive from Australia, Italy and the Tyrol.

Copenhagen Denmark Virginia California Australia Italy Tyrol

Refrigerator exports rise sharply in 1927 trade

Washington reports American electric refrigerator exports more than tripled from 1926 levels. Australia, British South Africa and Mexico emerged as the leading buyers in 1927.

Washington Australia British South Africa Mexico

Also Mentioned on This Page

Paul F. Haupert South Main St John F. Clark & Company Commercial National Bank Whitney Carly Stanley W. Prenosis Ee Adams Millis Amn Can Rene Ajax Rubber Amn Tel Balto Ohio Beth Stee Ee Ee Chrysler Dodge Motors Ele Power and L “Eee Fleisch Yeast Famous Players Mt Sh Freeport Tex Elec Goodyear Rubber Hudson Motors Montgy Ward Eee Geal Motors Nash Motors Overland Park Milford Conti Motors Packard Motors Pan Ama B Postum Remington Rand J. Reynolds ST P Ry Seaboard Ry Westa Elee Ann Wollen Pierce Arrow Woolworth Ce Sakee P Ry Co Ches and Intl Cement O Kresge S Ve Stand Oil of North Amn Co Simmons Co “Ee Sinclair Oil Loews Dupont Cos Se
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