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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jun 25, 1928

Page

8

Miss Earhart Victory Week News Tops Atlantic Flight

Amelia Earhart of Boston completed a trans Atlantic flight with the hydro airplane Friendship piloted by Wilmer Stultz and mechanic Slim Gordon. Other world events include rescue efforts for Nobile and Amundsen, Yugoslav political violence, and a Romanian divorce involving Princess Helen.

Atlantic Amelia Earhart Boston Newfoundland Wales Wilmer Stultz Charles A. Lindbergh Louis Gordon Lindbergh Arctic Umberto Noble North Pole Roald Amundsen

Cotton Seed Crushers Meet in Asheville Convenes Over Industry Issues

More than 150 members from North Carolina South Carolina and Georgia assembled in Asheville for a two day convention of the Cotton Seed Crushers associations. W A Reynolds of Columbia SC opened the session and Mayor Gallatin Roberts welcomed visitors. Harry Hodgson of Athens GA and J E Byram of Alexandria MS led key talks on association work and industry legalities. Christie Benet of Columbia SC followed with a legal overview of cottonseed crushing practices.

Asheville North Carolina South Carolina Georgia Harry Hodgson Athens Interstate Cotton Seed Crushers Association J. E. Byram Alexandria Mississippi Interstate Association Byram Christie Benet Columbia S. C

Foreign exchange rates compiled for June 25 in New York

The New York market lists mixed quotations for currencies with bids in cents. Key figures include Great Britain at 4.87 1 2 and 4.88 7 8 for cables, France around 9.92 15 16, Belgium 13.96, Germany 23.88, Holland 40.26 1 2, Norway 26.75, Sweden 26.82, Denmark 26.87 1 2, Switzerland 19.27 3 4, Spain 16.56, Greece 1.30, Poland 11.25, Czechoslovakia 2.96 1 4, Yugoslavia 1.76, Austria 14.08, Romania 0.61 1 2, Argentina 42.55, Brazil 11.97, Tokyo 46.20, Shanghai 66.12 1 2, Montreal 9.76 9 16.

Foreign Exchange New York Foreign Exchanges Great Britain France Italy Gemand Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho-Slovakia Jugoslavia Austria Rumania Argentine Brazil Tokyo Shanghai Montreal

Cotton futures open firm on New York market

KREW YORK COTTON reports June 25 opening shows July at 23.17 cents per pound with October 22.01, December 21.95, January 21.79, and March 21.62 as earliest quotes.

Krew York Cotton New York

John F. Clark and Company Adverts at Commercial National Bank

Local advertisement lists the firm John F. Clark and Company located at 612 13 Commercial National Bank Building seeking clients for financial services. The note emphasizes professional banking relations and office address for inquiries.

John F. Clark & Company Commercial National Bank

Stock summary and oil stock actions of 1927

Great Northern Iron Ore properties earned 1.64 per share in 1927, up from 1.52 in 1926. Independent Oil and Gas pays a regular quarterly dividend of 250 cents. It holds an exercisable option before July 1 on Manhattan Oil of Delaware, likely exchanging one Independent share for half a Manhattan Common, with the preferred retired. John D. Rockefeller denies selling Std. Oil of Indiana stock.

Great Northern Independent Oil and Gas Manhattan Oil Delaware Independent Manhattan John D. Rockefeller Rockefeller Indiana

Whitney's Letter Signals Market Disturbances and Buy Signals

The writer argues that recent declines create sore sports and testing the market's strength. He predicts future political scares and urges buying stocks when tape looks worst, citing Allied Chemical American Smelting American Canexas Cong Gas Hudson Manhattan L S Leather and the Rails Canadian Pacific Texas Pacific.

Allied Chemical American Smelting American Canexas Corporation Cong Gas Hudson, Manhattan L. S. Leather, A. and the Rails Canadian Pacific Texas Pacific

Grain market opinions from Uhlmann and partners

Cotton Letter reports analysts commenting on grain markets. Uhlmann Grain Co notes no export business’s impact will be felt later. Jackson Bros discuss hedging pressure and oversold corn. Thompson McKinnon sees no major action in wheat as cash strength prevails despite favorable weather.

Uhlmann Grain Co Jackson Bros Thompson

Market opinions on cotton prices and weather outlook

J S Basche notes a higher market before discounting unfavorable conditions. Wade Bros advise taking profits on part of long cotton to reinvest later. Hentz and Co foresee a week’s advance followed by a reaction due to weak position, weather must improve. Keech, Orvis, Hubbard Bros offer price optimism or buying guidance amid weather concerns.

J. S. Basche Wade Bros Hentz and Co F. B. Keech Orvis Hubbard Bros and Co

Trading Forecast Signals Irregular Liquidation and Select Buying

Trading forecast notes continued irregular liquidation in speculative stocks on bulges and moderate purchases of better grade issues on market weakness.

Market Opinion and Weather Notes

Stock Opinions says indecision rules the market with a cautious stance likely to persist into early next week as sentiment and prices may reverse. Minter and Co warns of a highly irregular market with limited trading opportunities. Stanley reports scattered rain across eastern central regions and Missouri with Arkansas also seeing showers. western areas remain fair.

Hornblower Minter and Co Stanley Missouri Ark Western Belt

Stock Gossip and Weather Across Regions

Stock gossip notes weak demands and firm prices with 5000 spots traded. weather reports show clear western regions and rain east of Savannah with scattered showers. temperatures 15 degrees lower in Carolina to Southeast Texas. thunder showers in Arkansas Oklahoma and North West Texas. general business steady on Wall Street with modest weekly turnover and caution on American yarns amid fears of weevil.

New York Liverpool Savannah Texas Carolinas Ala Misa. la Arkansas Okla Word Street Manchester Journal Commerce

Butter and Eggs Market Report from New York

New York dairy notes show butter steady with 8,150 receipts and creamery prices higher than extras. Cheese remains steady with 129,575 receipts, eggs at 14,914 receipts. market conditions reflect varied pricing across products.

NEW York Dairy New York

New York Silver Prices Update

Market report from June 25 shows bar silver at 60, Mexican dollars at 46. The brief notes currency values in New York trading.

New York

New Orleans Cotton Steady After Rain Affecting Belt Markets

The New Orleans cotton market opened steady with gains of 15 to 21 points as rain boosted demand. July, October, and December contracts rose to early highs before pulling back, then recovered after the detailed weather report showed heavy rain in the eastern belt. The session ended with a quieter but steady tone.

New Orleans Liverpool

New York Cotton Opens Firm on Rain Prospects

The New York cotton market opened firm with a 4 to 14 point advance, lifting new crop months to highs before profit taking pulled October to around 2191. Weather maps showing less rain than expected and later forecasts of showers in the east helped steady prices, with October trading near 22.01 as buying revived on updated weather details.

New York

Chicago Livestock Market Report June 25

Hogs 50 000 head with prices 10 to 20 cents higher than Friday. Top 11.10 for 190-270 lb butchers. 160-200 lb range 9.75 to 11.10. sows steady to 10 cents higher. Pigs 90-130 lb 7.75 to 9.60. Cattle 18 000, calves 4 900, steady to strong. yearlings and heavies up to 14.75. Steers 1300-1500 lb 13.40 to 14.75. fed yearlings 13.50 to 15.00. Heifers 13.00 to 14.75. bulls 9.35 to 10.50. Vealers 11.50 to 14.00. stocker steers 11.75 to 13.00. Sheep 12 000 with lambs up to 15 higher. feeder lambs 17.75 to 13.50. Ewes 3.50 to 7.00.

Chicago Livestock Chicago

Call Money Rates Report From New York June 25

Call money steady with loans at 61 2, closing bid 61 2. time loans firmer, mixed collateral 60 90 days 65 3 4, 4 6 months 4 to 4, prime mercantile paper 43 4. banker's acceptances 5, 30 days 41 8 4, 6 0 days 41 4 41 8, 90 days 41 4 41 8, 4 months 1 1 8, 5 6 months 43 4.

Call Money New York Call Money Steady Prime Mercantile Bankers

Trading Dullness Marks Today’s Market Activity

The market shows extreme dullness with a morning sell off followed by a rebound led by Texas and Pacific. Trading volume is light with about 700000 shares in the first three hours and no major news beyond stable credit. several stocks advance while others fall to yearly lows.

New York Southwestern Rails France Texas and Pacific Missouri St. Louis Southwestern American Linseed Preferred Rockefeller Gold Dust Corporation Indian Refining Common Preferred American International United States Leather Manhattan Electric Supply Houston Oil Canada Dry General Motors United States Steel Collins and Aikman General

Cotton futures open steady in New Orleans session

New Orleans June 25 cotton futures opened steady with July at 21.78 cents per pound, October 21.15, December 31.50, January 21.39, and March shown at 21.00 cents.

New Orleans

Bills Payment Change At City Hall Or By Mail

The newspaper reports a correction stating water and light bills will not be collected by collectors. Meter readers will prepare the bill and leave it. The creditor must pay at city hall or mail the payment.

City Hall

Cotton Market Rises to New Highs on Weather News

New York June 25. Unfavorable weather and crop advices pushed cotton futures higher. October contracts rose to 22.08 with 12 to 15 point gains before profit taking trimmed initial advances. Activity tapered as midafternoon trading cooled near Saturday’s close.

New York

Weather drives New Orleans cotton market fluctuations

Weather and rain over the weekend dominated trading as buyers returned on optimism for fair weather. After an early rise of 16 to 21 points, the market eased to new day lows before a mid session rally and subsequent weakness. July 2151, October 2120, December 2115, down 34 to 85 points from highs. Exports reached 9,636 bales.

New Orleans

Chicago grain prices ease on favorable weather and weak Liverpool quotes

In Chicago June 25 traders saw wheat average lower as favorable north western weather and rains in the south west offset Liverpool weakness. Opening prices were steady to slightly lower, with corn oats and provisions moving upward after an early decline.

Chicago Grain Chicago Northwest Liverpool

Spot Cotton in Charlotte Climbs with Daily Quote

Spot cotton in Charlotte closes at 21 cents per pound as market notes limited activity and steady demand in the session dated June 25.

Charlotte

Cotton futures close lower with mixed daily ranges

Cotton futures finished the session with a net decline of 11 to 21 points across front and deferred months. For January through December contracts, values showed narrow ranges with steady closes and some months trading near 21 point shifts.

Wheat markets ease on selling amid foreign ties and NW weather

Wheat values fell today as selling by holders with north west and foreign links weighed on prices. Weather in the northwest was favorable and reports of potential weekend rains in the southwest drew little attention. Export demand for North American wheat was slow. wheat closed about 1 3 8 to 1 7 8 cents lower, corn 1 2 to 1 1 4 cents down, oats 1 8 to 1 4 lower, and provisions mostly unchanged to up 12 cents.

Chicago North America

Raw Sugar Markets Hold Steady Amid Limited Demand

Raw sugar prices remained unchanged with duty free sugars at 4.27 delivered and no sales reported. Raw futures opened flat to two points lower while refiners cut refined prices to 6.00 for fine granulated, a five to ten point decline. Demand was described as limited to absolute requirements.

New York

Cottonseed Oil Prices Edge Lower in New York Trade

Cottonseed oil closed easy and active in New York with multiple contracts closing higher and lower across months. Prime summer yellow at 1015, prime crude 875 to 900, and futures for several months ranging from 1020 to 1077. Sales totaled 37 500.

New York

Cottonseed oil closes steady with varied futures

New Orleans markets reported cottonseed oil closing steady as futures moved in narrow ranges. Prices listed include prime summer yellow 960, prime crude 1821-2 875, and contracts for January 1010 through December 1008, with several months showing modest shifts.

New Orleans

Cotton market closes quiet with points down

Spot cotton finishes quiet with 15 points decline. Sales show low-mid dling at 2088, middling 2178, good middling 2218, indicating a softer tone across grades.

Spot Cotton New Orleans

Kellogg Sees Peace Pact as Step Toward World Harmony

Secretary Kellogg presents drafts of a treaty to fourteen nations including France, United States, Britain, Germany, Japan, and others. The pact would condemn war and renounce it as a national policy instrument among signatories.

Washington Kellogg Menkind Astrides Briand France United States Australia Belgium Canada Germany Great Britain India Irish Free State Italy Japan New Zealand Poland South Africa

Wall Street Opens Mixed As Stocks Dip Early

Market openings show uneven losses with declines of a point or two for Montgomery Ward New York Central Union Carbide Johns Manville and Lehn and Fink while Radio and Canadian Pacific rise about a point.

Wall Street New York Montgomery-Ward New York Central Union Carbide Johns Manville Lehn & Fink Radio Canadian Pacific

Copper firm and metals prices firm in New York market

Copper firm in spot and futures at 1434. Iron quiet with No. 2 F O B prices for eastern Pennsylvania Buffalo and Alabama listed. Tin steady at 4650 spot and 4612 futures. Lead steady at 630 in New York and 615 East St. Louis. Zinc steady with East St. Louis spot 615 620 and futures 617 622. Antimony 9509. Quicksilver 122.00.

New York Iron Quiet Pennsylvania Buffalo Alabama East St. Louis

Chicago Potatoes Market Rebounds With Liberal Supplies

Potatoes receipts 181 cars on track 280 with total U S shipments 1253 Saturday 32 Sunday 32 new stock supplies liberal trading slow market about steady Alabama Louisiana Texas Oklahoma stacked bliss and cobbler prices 1.40 1.60 2.35 2.50 old stock too few sales to establish a market.

Chicago USDA U. S Alabama Louisiana Texas Oklahoma North Carolina

Turpentine and Rosin Trade Figures From Savannah Market

Turpentine firm 513-4-52 reports sales 799 receipts 558 shipments 991 stock 18638. Rosin firm shows sales 1205 receipts 1787 shipments 475 stock 97 975. Quoted prices include B 800 D 805-10 E 810-20 F 825 G 825 H 825 I 825-20 K 8380-35 M 830-35 N 895 WG 940-45 WW 1005.

Naval Stores Savannah

Cotton price closes higher in Liverpool market

Liverpool cotton market reports higher spot prices with American grades leading gains. Sales reach 5,000 bales including 4,200 American while receipts total 6,000 bales. futures end steady with July at 1150 and nearby months around 1120s.

Liverpool

River study planned by Carnegie tech professor

Harold A Thomas, hydraulics professor at Carnegie Institute of Technology, will lead a summer survey of the Delaware River and its tributaries. The preliminary examination aims to gather data on flood control, power development, navigation, and water supply with appointment from the War Department.

Pittsburgh Delaware River Harold A Thomas Carnegie Institute of Technology Thomas War Department

Soviet agency says Amundsen signals unfounded

London June 25 reports from the Soviet News agency say claims that the Russian ice breaker Krassin signalled Roald Amundsen are unfounded. The Krassin has reported nothing about the missing Norwegian explorer.

Amundsen London Krassin Roald Amundsen

Resolutions Back Tobacco Workers For Higher Wages

In Winston-Salem on June 25 the Piedmont organizing council adopted resolutions pledging support to Tobacco Workers in their bid for better wages from R. J. Reynolds Tobacco. About five hundred representatives from thirty six trades attended the monthly meeting.

Winston-Salem N. C R. J. Reynolds Tobacco Company Piedmont Organizing Council

Many names proposed for Ti vnce presidency

Houston dispatch notes a long list of vice presidential possibilities with Indiana figures like Evans Woollen and Robinson of Arkansas among top contenders. Rumors center on Indiana leverage, plus prominent names such as Hull, Hitchcock, and Nellie Tayor Ross, with broad speculation about farm belt support and regional balance.

Houston Indiana Evans Woollen Indianapolis Robinson Arkansas Hull Tennesee Tadiana White House Woollen Farm Hitchcock Nebraska Nellie Taylor Ross Wyoming Ross Jesse H. Jones Moody Texas Harrison Mississippi Barkley Kentucky Ritchie Maryland Bennett Clark Missouri Champ Clark House of Representatives Byrd Virginia Lewis Stevenson Bloomington Ill George Georgia Brandon Alabama George l. Berry Tennessee Pressmen’'S Union

Miss Universe Winner Recovering After Operation

Chicago shown Miss Eila Van Huesen who held the Miss Universe title before Galveston judges awarded her the crown. She was reported in improved condition today after an operation performed Friday. details of the procedure were not released.

Chicago Eila van Huesen Galveston Miss van Huesen

Also Mentioned on This Page

Nobile Foyne Island Maddalena Italia National Assembly Belgrade Peasants Party Stefan Raditch Jugoslav Albania Alexander Bucharest Helen Michael of Romania Carol Whitney Chrysler Dodge Motors Elec Power and I Freeport Tex Nd Nickel Packard Motors En? Eee R J Reynolds PRS Sou Pac Ry Seaboard Ry Idk Sears Roebuck Studebaker Motors Stewart Warner Sou Ry Lou Dairy A Texas Corpn Texas Gulf Woolworth Miami P Ry Co Ches and Ohio Freee del Hudson Ry Goodrich Rubber Kenecotto Ese Eeve Otis Steel Kresge Ree Sinclair Oil Stanley W. Prenosts New Jersey Elizabeth Hinkle Lakeland County Hospital Camden Allen Robertson Carter Ti Vnce Presidency Evans Ruud-Autohot North Carolina Public Service Company
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