Rail and copper shares lead market swing upward
Heavy buying in railroad and copper shares lifted the stock market after early irregularity. Many issues reversed earlier losses, with several stocks gaining 1 to 9 points, while refiners and radio shares posted mixed moves. Anaconda Copper planned debt retirement via stock issue, and notable gains occurred in Missouri Pacific, Seaboard Air Line, Chicago and Great Western, and Western Union.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
Associated Press
New York
Faiiy
New York Federal Reserve Bank
Federal Reserve Board
Missouri Pacific
Seaboard Air Line
Chicago
Great Western
Western Pacific
Baltimore
Ohio
Colorado
Southern
Erie
Anaconda Copper
Anaconda
Kennecott
Western Union
General Gas and Electric
Russia Insurance
General Electric
Allied Chemical
Spicer Manufacturing
Goodyear Rubber
Packard Motors
Victor Talking Machine
Guilford Streams Rise After Heavy Rains
Heavy rains pushed many streams in Guilford and nearby counties over banks and rising today. No major damage reported as banks overflow along watercourses in Greensboro area.
MENTIONED IN THIS ARTICLE
Guilford
Greensboro
Quart of Water Cleanses Kidneys
An advisory urges flushing kidneys with a daily quart of water and Jad Salts to relieve sluggish kidneys. It claims acids from rich foods overwork kidneys causing rheumatism headaches and urinary issues and promotes daily intake of the solution to keep kidneys active and blood pure.
Hoover backs federal flood aid for Lake Okeechobee district
President Hoover favors federal assistance for flood control in Florida's Lake Okeechobee region. He cites engineering plans by Major General Edgar Jadwin and notes the need to help southern communities frequently menaced by floods while highlighting the area's rich agricultural potential.
MENTIONED IN THIS ARTICLE
Edgar Jadwin
Lake Okeechobee District
Florida
Washington
Mar
Lake Okechobee
Hoover
Army Engineers
Congress
New Orleans Cotton Opens Firm Amid Heavy Rain Boost
The New Orleans cotton market opened firm as Liverpool cables rose and heavy rains boosted buying. March to July futures advanced 10 to 16 points before a noon rally. May contracts peaked near 20.15 with strong spot demand and a Memphis flood-stage report lifting sentiment.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Wall Street
March
Memphis
Mississippi
Airplane Lands in Field Near Asheboro After Night Loop
A plane circled Asheboro for about an hour before landing in an old field near the railroad. The pilot Brooks, in civilian clothes, was nearly frozen and taken to Tri City port for warmth before continuing to New York. the second pilot remained unnamed. They had traveled from Miami, Florida prior to the incident.
MENTIONED IN THIS ARTICLE
Asheboro
Mar
Brooks
Tri-City
New York
Miami
Florida
Poison 15 Deaths Stir Illinois Bootleg Crackdown
Three men are under arrest after poison alcohol killed 15 people in Illinois including Teel in Peoria and Hitz in Vermont. Police fear shipments from the same batch may have reached Galesburg and Decatur. Maurice Mannsfield admitted importing 50 gallons from a Chicago syndicate but named no source. Walter Niebert and John Cox are also detained as officers raid stockyards hotels found no contraband there.
MENTIONED IN THIS ARTICLE
Teel
Peorria
Hitz
Vermont
Illinois
Galesburg
Decatur
Maurice Mannsfield
Henry Pratt
Chicago
Walter Niebert
John Cox
Stock Yards
Niebert
Chicago hog and cattle market report with price ranges
Chicago market summary shows hog receipts 19 000 with bids up to 11.75 for heavy loads and varied weights. Cattle receipts 6 500 with light steers and yearlings active, prices mostly 12.50 to 13.25 for common grades, yearlings around 14.75, and fed stock in the 12.75 to 15.00 range. Sheep receipts 8 000 with fat lambs 16.50 to 17.09, lambs 16.00 to 17.49 for 92 lb and lighter, ewes higher around 15.00 to 15.90.
MENTIONED IN THIS ARTICLE
Chicago
Mar
Liverpool Cotton Prices Rise as Demand Holds Steady
Cotton spot in fair demand with prices higher led by American grades. American sales total 5 100 bales, receipts 14 000, futures closed very steady with March at 10.64 and July at 15.73 for a generally firm market.
MENTIONED IN THIS ARTICLE
Liverpool
Mar
Marshall School Basement Flooded by Rising French Broad
The Marshall school basement on an island in the French Broad river flooded this morning from rising waters. Classes were cancelled for the day and if the river keeps rising the central town highway along the riverbank could be endangered.
MENTIONED IN THIS ARTICLE
Marshall, Mar
Marshall School
French Broad River
Mystery Shrouds Death of Florida Housekeeper
In Miami a hotel death of Nora Wilson 40 with a bullet wound to the head sparks a mystery. Police favor suicide but lack of powder burns prompts doubt as to self-infliction. Loomis wealthy New York winter visitor and former employer is being sued for back pay and vanished on his private yacht before returning to report avoiding publicity.
MENTIONED IN THIS ARTICLE
Miami
Fla
Nora Wilson
Guy A. Loomis
New York
Loomis
New York Cotton Opens Firm Amid Rain Reports
Cotton prices rise as May and October contracts advance to around 20.85 and 20.00 cents per pound on fresh demand from trade houses and overseas buyers. The market meets southern selling and profit taking, with Liverpool and London activities cited and private forecasts pegging global cotton use for the first half of the season near 7.616 million bales.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Liverpool
London
Turkey permits pork sale in same shops with partition
Chicago March 6 report notes that Stamboul allows pork to be sold in the same shops as mutton and beef if a partition divides the meat Muslims consider contaminated from the meat. Previously pork was sold only in separate shops.
MENTIONED IN THIS ARTICLE
Stamboul
Turkey
Your Income Tax No. 27
The article explains travel expense deductions for taxpayers including required details on nature of business, days away from home, meals and lodging, and other incidental expenses. It notes tips are part of traveling expenses if reasonable, and deductions apply only to business trips with reasonable and necessary costs directly tied to the business.
Tar Heel tobacco averaged $16.30 in January
In January the fifth federal reserve district reports North Carolina tobacco auctions sold 27,798,339 pounds at an average $16.30 per hundred, with total season sales to Feb 1 at 475,123,600 pounds. Fuquay Springs led price at $22.19, while North Carolina and Virginia dominated 1928 cigarette and tobacco taxes.
MENTIONED IN THIS ARTICLE
Richmond
Federal Reserve District
W. W. Boxton
Federal Reserve Bank of Richmond
North Carolina
Winston-Salem
Durham
Oxford
Fuquay Springs
Mebane
Internal Revenue
Treasury Department
Fifth Reserve District
Virginia
New York
Y Tumbling Team Entertains Civilians
The High Point Y M C A tumbling team directed by W F Bailey entertained members of the Civitan club at a luncheon in First M P church. This afternoon's meeting began a March series with last month’s gathering at the Central Friends church annex.
MENTIONED IN THIS ARTICLE
High Point Young Men’s Christian Association
W. F. Bailey
Civitan Club
M. P
Central Friends Church
New York Beauty Convention Showcases Matching Nail Shades
At a New York convention of beauty shop owners the latest mode featured fingernails tinted to match gowns. Purple green and deep red shades emerged as the most popular among attendees and exhibitors.
MENTIONED IN THIS ARTICLE
New York
Stock and dividend notices headline cautious market roundup
Philadelphia and Reading Co plans 30.8 million six percent debenture bonds for expansion. Simmons Co declares regular dividend 70c. Humble Oil 20c extra and 30c regular. Tidewater 20c. U S Radiator 50c common and 1.75 preferred. Grisby 1 quarterly dividend on $4 par. Aesed Oil 50c March 30. Crown Seller Bache earns 1.48 a share in nine months. U S Dist Corp net profit 868,315. Alma Utensil Jan sales 754,342. S S Kreege Feb sales 9,774,518. Youngstown wage scale up 25.5% for March-April. Anaconda Copper debt retirement plan. Miller Rubber to raise shoe prices. cotton textile trade optimism. weather showers in southern cities.
MENTIONED IN THIS ARTICLE
Philadelphia and Reading Co
Simmons Co
Humble Oil and Refining
Tidewater
U. S. Radiator
Grisby
Aés’d. Oil Co
Bache
U. S. Dist. Corpn
Alma
S. S. Kreege Company
Youngstown District Steel Mills
Chicago
W. P. Grant Co
Cayamel Fruit Co
Cortez
Anaconda Copper
Miller Rubber Co
J. F. Clark & CO
Cotton Letter Hints Market Life Amid Copper Rally
Liverpool reports March May and July here show 10 points better than due with October 6 improvement. Spot Gales at 7 900 mid 1087 against 1080 yesterday. New York World notes Jesse Livermore urged reporters to Fifth Avenue and predicted cotton market revival, advising spinners to cover needs. Moderate business follows.
MENTIONED IN THIS ARTICLE
Liverpool
New York World
Jesse Livermore
Fifth Avenue
Wheat and corn outlook from market commentators
Bartlett Frazier notes principal long holders stay firm and eyes higher wheat prices. Stein Alstrin expects a few days of absorption and liquidations with buying on dips for both wheat and corn. Thompson McKinnon sees a trading wheat market with caution on longs and advocates corn purchases on pullbacks as Liverpool opens quietly lower.
MENTIONED IN THIS ARTICLE
Bartlett Frazier
Stein Alstrin
Thompson McKinnon
Liverpool
J. F. Clark & CQ
Stock Opinions from Market Commentary
Prince and Wheely- On the market we doubt a too pessimistic stance as technical positions weaken. E F Hutton- The raise excites us most. not over enthusiastic. Hornblower and Weeks- Anaconda should be bought on any reaction as copper peaks. Recommends Green Canaea Inspirations in Anaconda group and Nevada Magma among independents.
MENTIONED IN THIS ARTICLE
Anaconda
Nevada
Western Union Cuts Cable Rates to Great Britain and Ireland
Western Union announces two major rate cuts for overnight cable letters to Great Britain and Ireland. Night letters drop from eight to six cents per word with minimums reduced to 25 words, while weekend letters fall from seven to five cents per word. A 25 word night letter from High Point to London costs 1.50, and a 25 word weekend letter costs 1.25, reflecting concurrent tariff reductions as the third in a series this year.
MENTIONED IN THIS ARTICLE
Western Union Telegraph Company
Mallison
Great Britain
Ireland
Western Union
High Point
London
Arizona Governor to Ask Troops Put on Border
Douglas Arizona mayor Millard Haymore says he will request U S troops be sent to Douglas amid revolutionary actions across the border. He warns the Mexican federal government may resist and stresses the need for strong U S protection at the border.
MENTIONED IN THIS ARTICLE
Arizona
Douglas
Ariz
Mar
Millard Haymore
Haymore
United States
Banana Beige: Off-White Trend in Tailored Gilets
Banana beige crepe fabrics dominate latest menswear looks as gilets paired with dark suits gain favor. A jabot accent features tiny matching buttons, completing a refined, monochrome ensemble with subtle texture.
Also Mentioned on This Page
Martin
Natuark
Jno. F. Clark & Co
Commercial National Bank
Allied Chem and
Dre Am Bosch
Smel & Riese
Balto & Ohio Ryses
Cana Pac R R . “Ee
Chic & Nor Weet
Chrysler Coroa
del and Hudson Eoeore
DuPont Ff
Kle L & P
Ee Tow
If Fleischmann
Weenae
L Bros of Tee
Hudson Mtra
Hupp Mtrs
Kelly Sp Tire
Kenn . Ee
Kresger
Kroger Grose
Murray Corn
NH &H RR
Am Corpr Nor Pac Ee Cae
Radio Corpn
Rem Rand
Am Oor Rep Iron & Stl
Yide
Rey Tob B
Louis San F
Sears Roe
N.Y
Studebaker
Tex Corpn
Tex Gulf Sul . Ee Eee
Union Pac
He United Cigar
Woolworth Co
le Yel T & Coa
Youngs S & T
Chicago Livestock
Chicago Grain
T . Belmies
Civitans
Dr. Moffett
C. J. Moffett CO
Dept
Columbus, Georgia
Teethina
Worth Street
Cotton Textile Industries
Macon
Montgomery
Meridian
Vicksburg
J. F. Clare
Hubbard Bros
Chaplin
Williams & Travers
Pynchon
F. B. Keech
Callie
Continental
India
China
North Carolina Public Service Company
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