Stock Market Dips on Higher Call Money Rate
The call money rate rose from 5 to 6 percent causing stock prices to fall 1 to 6 points in early trading. A mid day rally in copper shares reversed, and losses widened in the afternoon as many issues tumbled. Major declines hit timber, steel, and rail stocks while trading volume rose from the previous session.
MENTIONED IN THIS ARTICLE
Stanley W
New York
France
U. S. Steel
National
Johns Manville
Christie Brown
Chex Carpet
Crucible Steel
Republic Steel
Yongstown Sheet & Tube
Liggett & Myers
Warren Bros
Brooklyn Edison
Radio
Case Threshing
General Motors
New York Central
Delaware & Hudson
Illinois Central
Northern Pacific
Norfolk & Western
High Point High School Football Squad Heads to Camp
High Point announces a one week training camp for the 1928 season led by Coach W E Marlette. Marlette departs for six weeks at the University of Michigan before likely sending the squad to Oak Ridge camp. About 40 to 60 players expected to attend the September session.
MENTIONED IN THIS ARTICLE
Marlette
High Point
W. E. Marlette
Ann Arbor
Mich
University of Michigan
Fort Holt
Oak Ridge
Federal Trade Commission Delays Sheridan Hearing
The Federal Trade Commission postponed the examination of J. B. Sheridan of St. Louis until tomorrow due to a schedule conflict with RCA and GE related to a monopoly complaint over radio apparatus manufacturing and distribution.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
Sheridan
Washington
J. B. Sheridan
St. Louis
Missouri Committee On Public Utility Information
Radio Corporation of America
General Electric Company
Stomach Spells Bageeyah Local Proponent Praises Black-Draught
Mrs Cora Maberry of Bageeyah Oklahoma extols Black-Draught as a family medicine. She says she uses it for stomach spells constipation and colds, noting its vegetable base and daily morning benefits after two courses. She adds the remedy has been in use for 87 years.
MENTIONED IN THIS ARTICLE
Bageeyah
Okla
Cora Maberry
John F. Clark and Company Advertisement
John F. Clark & Company appears in a listing from the Commercial National Bank Building. The snippet notes the address 612 13th Street in a business directory style entry.
MENTIONED IN THIS ARTICLE
John F. Clark & Company
Commercial National Bank
Whitney's Letter Signals Market Reaction and Liquidity Shift
The market opens with renewed liquidity after a wide break in standard securities. Whitney notes that declines in large, stable issues trigger liquidation and pressure on weaker stocks, but argues standard stocks should be bought and held during this reaction.
MENTIONED IN THIS ARTICLE
Whitney
Crucible Steel Declares Quarterly Dividend At 1.25
Crucible Steel announces a quarterly dividend of 1.25 on common stock, trimming the annual payout to 5 from 6. Chairman Wilkinson cites six months earnings shortfall of 546,000 versus year earlier. Manhattan Shirt and Solway Dyeing and Textile Co report six months ended May oil earnings of 2.18 on common, down from 2.383. Friendship plane lands at Southampton. industrials fall 3.79 to 201.96, railroads drop 2.12 to 1384.15.
MENTIONED IN THIS ARTICLE
Wilkinson
Manhattan
Solway Dyeing and Textile Company
Southampton
England
R J Reynolds B
Cmst P Ry
Sou Pac Ry
One
Seaboard Ry
Sears Roebuck
Studebaker Motors
Stewart Warner
Sou Ry
Sou Dairy
Texas Corpue
Texas Gulf “Eee
Victor Talk Mch_ wee
Vick Chem
White Motors
Westin Elec
Des Hudson Ry
Ee Ee
Goodrich Rubber
Gulf States Steel
Kelly Springfield
Kenecotte Copper Ee Be
Kelvinator
National Cash Register
Otis Steel
Indl Cement
Kresge “Ee Ee Ee
North Amn Co
Simmons Co See
Sinclair Oil
Loews
Eeveer
Dupont
Weer
Cotton letter notes unsettled crops and mild trading in New York
Liver pool futures for July and October crop dates shown with American points lower. Spot sales total six thousand bales with midday quotes around 11.46 and 11.39. Southern belt weather reports indicate part cloudy conditions with showers forecast and Texas temperatures cooler. Weil Brothers, in Journal Commerce, call eastern belt crop conditions the most unsatisfactory in years, amid overall uncertainty and cautious buying on market dips. Clevenburg.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Due
Dee
Texas
Worth Street
Weil Brothers
Journal Commerce
Belt
Clevenburg
Cotton Opinions Market Gaps on Declines
Hubbard and Wade Bros note profit taking and cautious outlook for new crop while Orvis and Stanley predict continued gains. Temperatures rise across the cotton belt with no rainfall reported. forecast calls for mixed cloud cover and possible showers in western regions.
MENTIONED IN THIS ARTICLE
Orvis Bros
Hubbard Bros
Wade Bros
Grain Opinions From Thompson McKinnon Markets Steady
Thompson and McKinnon say there is no advancing tendency in wheat. Cash corn remains strong enough to be steady but not rising. Logan and Bryan believe wheat deserves conservative support on breaks. Corn trades in a holding position.
MENTIONED IN THIS ARTICLE
Thompson
Stock Opinions From Wall Street Firms
E. F. Hutton and Co notes the banking situation is unsatisfactory and predicts more liquidity is inevitable, with timing uncertain. W. J. Wollman and Co advises purchases on an investment basis rather than speculation. Hirsch Lilienthal and Co. expects further value readjustment before any sustained advance.
MENTIONED IN THIS ARTICLE
E. F. Hutton and Co
W. J. Wollman and Co
Hirsch Lilienthal and Co
New Orleans Cotton Dips on Forecasted Warm Weather
The New Orleans cotton market opened easy on favorable weather and a weak stock market. July futures fell to 20.40, October to 20.11, and December to 20.07, down 11 to 18 points from the prior close before steadying after mid session. Exports reached 16,853 bales.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
U.S. Government Bonds Evening Close in New York
On June 19 Liberty 3 1/2s closed at 100.7 with Liberty first 4 1/4s at 106 1/17 Liberty third 4 1/4s at 100 1. Treasury 4 1/4s maturing at 113.16 Treasury 4s at 108.16 and Treasury 3 3/4s at 105.25 with Treasury 3 3/86 at 101.22.
MENTIONED IN THIS ARTICLE
U. Gov't. Bonds
New York
Chicago Grain Prices and Market Report
Wheat prices mixed with a slight advance on No 1 and No 2 Northern Spring. Corn faced a setback as rains across the corn belt and warmer weather trimmed values, with trading focused on profit-taking by existing holders. Oats eased modestly while barley and timothy held firmer. overall provisions varied with small gains and losses.
MENTIONED IN THIS ARTICLE
Chicago
Foreign exchange mixed in New York quotations
Foreign exchanges in New York show mixed quotes on June 19 with currencies from Britain France Italy Belgium Germany and other nations listed in cents and decimal forms. Major rates include Great Britain 487 11 16 demand 488 1 16 cables and Tokyo 46 58 with several European and Americas currencies noted.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
New York Cotton Opens Steady After Early Decline
The New York cotton market opened steady after a 2 to 6 point drop as selling eased by Liverpool cables and South prospects. Showers in the south limited selling, weather signals were favorable, and some realizing was absorbed by trade buying and covering, keeping prices near initial levels. Private cables report Bombay buying in Liverpool and Lancashire spinners voting on a 50 percent production curtailment.
MENTIONED IN THIS ARTICLE
New York
Liverpool
South
Bombay
Lancashire
New Orleans Cotton Opens Easy on Weather Signals
The cotton market opened lower due to Liverpool cables and dry belt weather concerns. First trades showed losses of 2 to 6 points, later recovering on overnight buying orders but slipping again as the weather map indicated fair conditions. July, October, and December futures fell 11 to 18 points from early highs, with activity turning quiet through early trading.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Chicago Wheat Rally Amid Weather Losses and Liverpool Weakness
Chicago June 19 Wheat showed a rally after early declines as adverse southwest weather and reports of severe damage drew attention. Prices opened 1 8 to 1 3 lower but then firmed slightly while corn stayed weak and oats eased. Provisions advanced.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Cotton market steadies after losses amid weather and trading
After initial declines of about 12 to 18 points, trading activity improved with favorable weather and easier Liverpool cables. The market was steadied by trade buying and covering, recovering about half of the early loss. By mid afternoon, the market held steady with net declines of 5 to 10 points.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Cottonseed Oil Markets Steady In New Orleans
Cottonseed oil closed steady in New Orleans market with quotes for primes and months. Summer yellow at 9.50 and 8.50 to 8.75 ranges. futures or calendar months list including January through December with values from 9.58 to 9.95.
MENTIONED IN THIS ARTICLE
New Orleans
Cox Discusses Hoover Prospects in North Carolina
J Elwood Cox a NC Republican leader met with Herbert Hoover in Washington. Cox, longtime Hoover supporter, plans to rally party forces in North Carolina ahead of the November election. He admires Hoover and has invested effort to advance his candidacy.
MENTIONED IN THIS ARTICLE
J. Elwood Cox
North Carolina
Hoover For President Club
Herbert Hoover
Hoover
Washington
Cox
Secretary of Commerce
Chicago Potatoes Market Report June Shipment Totals
Chicago notes potato receipts 159 cars on track 326 total US shipments 748. Trade slow and barely steady with regional variances. Alabama Louisiana Texas mostly 1.60 to 1.65 for quality and condition. North Carolina Ireland cobblers around 2.50 with some 2.35. Idaho sacked russets 0.90 to 1.00, few 1.10. Wisconsin sacked round whites 0.75 to 0.90.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Alabama
Louisiana
Texas
North Carolina
Idaho
Wisconsin
Cotton Prices Rise as Spot Market Quietly Strong
Liverpool reports a quiet spot market with higher prices across grades. American cotton leads gains with strict middling at 11.56 and low middling at 11.16 while sales reach 6,009 bales, including 4,400 American. futures close steady with July at 11.00 and January at 10.76.
MENTIONED IN THIS ARTICLE
Liverpool
Cotton futures close with gains across many contracts
Cotton futures closed higher across the board with January at 2057, March at 2052, July at 2075, October at 2089 and December at 2070. Prices opened higher, traded across the session, and finished near session highs, signaling broad demand.
MENTIONED IN THIS ARTICLE
New York
P.C
Cotton futures close steady with modest gains
New Orleans reports cotton futures closing steady with small gains across the board. Quotes for January March July October and December contracts range from modest rises to minor variances, reflecting a quiet session in the market.
Cottonseed Oil Prices Move Lower in New York Trade
Cottonseed oil closed weak in New York with prime summer yellow at 10.00, prime crude 8.50 to 8.75, and futures for January through December ranging from 10.58 to 10.59. Sales totaled 16,900 units.
MENTIONED IN THIS ARTICLE
New York
Bombing of County Court Building Raises Motives
Detroit reports investigators consider intimidation of courts and robbery among motives for yesterday's bombing of the county court building. A powerful device injured several and damaged a corridor. a stranger allegedly planted it aiming at the municipal courts site where nine men await trial on extortion charges.
MENTIONED IN THIS ARTICLE
Detroit
County Court
John Boyle
Municipal Courts
City Courts
Boyle
Maine Nominates Hale In Republican Primary
In Portland Maine United States Senator Frederick Hale won renomination for a third term defeating Governor Ralph O Brewster and Ira G Hersey. Donald W Snow Bangor attorney defeated Houston in a four cornered GOP governor race William Tudor Gardiner led the field with more votes than his rivals combined.
MENTIONED IN THIS ARTICLE
Portland
United States
Frederick Hale
Ralph O. Brewster
Ira G. Hersey
Houston
Donald W. Snow
Bangor
William Tudor Gardiner
Gardiner
Maine
House of Representatives
Wall Street opens lower as steel dividend cut hits markets
Stock prices drift downward at the open. Crucible Steel falls over three points to 75 1/2, a 1928 low, following a reduction of the annual dividend from six to five and a half dollars. Louis & Nashville down two, Atlantic Coast Line and Woolworth about a point each.
MENTIONED IN THIS ARTICLE
New York
Crucible Steel
Louis & Nashville
Atlantic Coast Line
Woolworth
Call Money Market Report From New York Fixture
Call money firm with rates 5 1 2 to 6 1 2. Closing bid 6 1 2. Time loans steady. collateral 60 to 90 days at 5 5 8 to 5 3 4. 4 to 6 months at 5 5 8 to 5 3 4. Prime mercantile paper 4 3 4. Bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Civitan Club Meeting At Presbyterian Church
High Point Civitan held a luncheon at First Presbyterian Church with Elwood Douglas and J H Kriger in charge. Vice president David T Yow presided in the president's absence as Wade Marsh and Edgar Hatcher attend the Detroit convention. A telegram from local delegates praised the convention and a quartet of Dan Smith A J Koonce Nat Walker and Carey Daryis performed.
MENTIONED IN THIS ARTICLE
High Point Civitan Club
First Presbyterian Church
Elwood Douglas
J. H. Kriger
David T. Yow
Wade Marsh
Edgar Hatcher
Detroit
International Association of Civitan Clubs
Dan Smith
A. J. Koonce
Nat Walker
Carey Daryis
Trans-Atlantic fliers receive great Bremen welcome
Captain Herman Koehl Bar on von Huenefeld and Maj James Fitzmaurice were greeted with a triumphal welcome in Bremen Germany June 19 The reception honored the three fliers whose voyage was aided by the city Baron von Huenefeld praised Floyd Bennett the American flier who died of pneumonia while aiding the stranded team at Greenly Island
MENTIONED IN THIS ARTICLE
Bremen
Germany
Herman Koehl
Baron von Huenefeld
James Fitzmaurice
Floyd Bennett
Greenly Island
Butter, Cheese and Eggs Receipts Reported in Daily Trade
New York market brief shows butter receipts at 20 438 with creamery extras 92 score 44. Cheese firm receipts 215 988. Eggs receipts 44 575. Fresh gathered extra firsts 301 2 31 first 29 30.
MENTIONED IN THIS ARTICLE
New York
Brennan Precedes Illinois Delegation to Democratic Convention
George E. Brennan national committeeman will lead the Illinois delegation to the Houston convention days early along with several leaders. The Illinois group, bound for unity, will depart Chicago on a special train as most delegates are pledged to Governor Smith with Brennan slated for party chair.
MENTIONED IN THIS ARTICLE
Chicago
George E. Brennan
Illinois
Houston
Brennan
Smith
Spinners Union Recommends 50% Production Curtailment
In Manchester England the federation of cotton spinners advises the American yarn spinning section to revert to organized short time work. A 90 percent spindle approval is required before the plan takes effect. The vote returns on June 28.
MENTIONED IN THIS ARTICLE
Manchester
Eng
Federation of Most
Cotton futures open steady in New Orleans
Cotton futures opened steady in New Orleans with July at 20.49 and subsequent months quoted at 20.20 20.18 20.11 20.07. Bids noted but no changes to futures shown.
MENTIONED IN THIS ARTICLE
New Orleans
New York Cotton Futures Opening Steady
New York opening shows July at 20.67 cents per pound, October 26.75, December 20.54, January 20.47, March 20.39. Market stable with minor shifts across contracts.
MENTIONED IN THIS ARTICLE
New York
New York Silver Prices Report
Market note from New York on June 19 records bar silver at 59 percent purity and Mexican dollars traded at 45 te.
MENTIONED IN THIS ARTICLE
N. Y
New York
Alsace and Lorraine Seen as Foreign to France
Paris reports many French citizens still view Alsace and Lorraine as foreign. Passport officials note frequent visa requests for Strasbourg and other recovered provinces. Local residents remain aloof and integration proceeds slowly.
MENTIONED IN THIS ARTICLE
Paris
Alsace and
Lorraine
Strasbourg
Mexico Imposes 2 1/2 Cents Telegram Tax
Mexico City government orders a special tax of two and a half cents on every domestic telegram. Revenue funds will extend and improve government owned and operated telegraph lines.
MENTIONED IN THIS ARTICLE
Mexico
Mexico City
Curtis Campaign Activities Meet Hoover Aide at Railroad
Curtis met at the railroad station by George Akeson representing Secretary Hoover and invited to confer at noon and lunch at the Hoover home. He declined to discuss campaign plans until after a midday conference. Curtis then visited his sister's home before lunch with Hoover. The vice presidential nominee was greeted by supporters wearing Curtis for president badges and posed for photographers. Curtis said he would confer with Hoover in Washington and expected campaign details to be settled Thursday at the Republican National Committee meeting.
MENTIONED IN THIS ARTICLE
Paign
Kansan
George Akeson
Hoover
Senator Curtis
Akerson
Curtis
Edward E. Gann
Washington
Republican National Committee
Withdrawal of Maryland Governor Shakes Democratic Nominating Race
Houston reports stir as Governor Albert C. Ritchie withdraws from the Democratic presidential race. Missouri Senator James A Reed is seen as a potential barrier to Alfred E. Smith's nomination. Officials differ on impact while party leaders from several states arrive for the upcoming convention.
MENTIONED IN THIS ARTICLE
Houston
Tex
Albert C. Ritchie
Maryland
James A. Reed
Missouri
Alfred E. Smith
Clem Shaver
National Democratic Committee
Edward S. Willmore
Reeds
Smith
Senator Reed
Willmore
Villmore
Reed
Henry Dooley
National Committee
Porto Rico
Marie McCurry
Ohio State Democratic Executive Committee
Ohio
Atlee Pomerene
Hoover and Curtis Meet in Washington After Kansas City Convention
Secretary Hoover and Senator Curtis, Republican nominees for president and vice president, held a high level meeting in Washington after arriving from the Kansas City convention. George Akerson escorted Curtis from Union Station to the Commerce Department, then Curtis joined Hoover for lunch at the Hoover home. The discussion topics were not disclosed but likely covered campaign issues.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Senator Curtis
Republican Party
Kansas City
Curtis
Commerce
George Akerson
Union Station
S. Street
Brown Jack Wins Royal Ascot Stakes In Crowd Frenzy
At Ascot on June 19 a huge crowd including the king and queen watched Brown Jack win the Royal Ascot Stakes. Owned by Major H. Wernher the two mile twenty one ran race had D. E. St. Alaray's bonny boy II second and M. Boussac's start II third. Brown Jack won by three lengths with one and a half lengths between runner ups. betting was 4 to 1 100 to 8 and 100 to 6. The stakes totaled L2,000 plus extras.
MENTIONED IN THIS ARTICLE
Ascot
Eng
Brown Jack
Major H. Wernher
Jack Daw
Querquidelila
D. E. St. Alaray
M. Boussac
B Y P U Team Wins Dual Spelling Contest
The First Baptist church B Y P U team defeated Wesley Memorial Epworth league in a spelling contest at Wesley Memorial church. Agene Jones and Flora Kennedy remained standing as the Epworth team was spelled down. Each society had twenty members. Prof. T C Johnson led words and Charles Farriss conducted a devotional period.
MENTIONED IN THIS ARTICLE
First Baptist Church
Wesley Memorial Church
Wesley Memorial Epworth League
Agene Jones
Flora Kennedy
Epworth League
T. C. Johnson
High Point College
Charles Farriss
J. Gurney Briggs
Kiss Link Between Pyorrhea Warns German Professor
Dr. Hermann Becks of the University of Freiburg, arriving in the United States aboard the Berlin, asserts that pyorrhea can be spread by kisses though an initial stomach involvement may seed the disease. He travels to California at the invitation of the University to continue research.
MENTIONED IN THIS ARTICLE
New York
Hermann Becks
Dental Hygiene
University of Freiburg
Germany
Berlin
Becks
University of California
Cotton Market News From New Orleans Spot Prices Rise
Spot cotton in New Orleans closes steady with gains as sales reach 663. Prices list low middling at 19.88 cents, middling 20.78 cents, and good middling 21.18 cents. Receipts total 750 and current stock stands at 253,668 bales.
MENTIONED IN THIS ARTICLE
New Orleans
Copper market mixed with solid gains in antimony
Copper firm despite quiet iron and weak tin with spot and futures at 143-4 and 4675 for tin. Lead holds around 630 in New York, 620 in East St. Louis while zinc remains firm with East St. Louis spot at 615 620 and futures 617 622. Antimony quoted at 950 as other metals hold steady.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Army flyers complete Panama flight after forced landing
Lieuts. James E. Parker and R. W. Douglas Jr. of the American army were en route from Washington to their home station in Panama when they took off at 7 55 o clock. Two hours earlier they were forced down at Columbia Field after an unsuccessful take off. Minor repairs were quickly made and they resumed flight.
MENTIONED IN THIS ARTICLE
Panama
Havana
Cuba
James E. Parker
R. W. Douglas, Jr
Washington
Columbia Field
Bicycle users in the British Isles rise to six million
The latest estimates place push-bike users across the British Isles at around six million. The figure reflects growing adoption of cycling for transport and recreation amid ongoing urban mobility shifts.
MENTIONED IN THIS ARTICLE
British Isles
Princeton Honors Laudel With Honorary Degree At Commencement
Princeton University awarded Paul Laudel the honorary degree of doctor of letters during the 181st commencement exercises in Princeton New Jersey. Other honorees included Dr Rudolph Matas professor emeritus of surgery at Tulane University also receiving honorary degrees.
MENTIONED IN THIS ARTICLE
Princeton
N. J
Paul Laudel
United States
Princeton University
Rudolph Matas
Tulane University
Valley Forge 150th anniversary observed in Pennsylvania
The 150th anniversary of George Washington and his army evacuating Valley Forge was observed in Valley Forge, Pennsylvania, on June 4.
MENTIONED IN THIS ARTICLE
Valley Forge
George Washington
Also Mentioned on This Page
Oklahoma
Stanley
Cotton Belt
Eastern Belt
Central Belt
Ala
Western Belt
West Texas
Chicago Grain
Chrysler Ve
Dodge Motors
Elec Power and
Fleisch Yeast
Famous Players Ee
Freeport Tex
Elec
Coca Cola
Ligett Meyers
Ludlum Steel
Lorillard
Park Tilford
Conti Motors
Packard Motors
Pan Ama B .Eee
Eee
Postum
Remington Rand
Wall Street
Civitan Club
Presbyterian Church
NEW York Daily
Clark
Clarks
Eaberry
Dethol
Dethal Mfg. Co., Inc
Richmond, Va
Eth
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