Stocks Fall as Heavy Selling Hits Market In NY
Heavy liquidation pulled many issues down 2 to 7 points amid fears of Federal Reserve action. Large stop losses were triggered by short selling as small traders abandon speculative activity. Major declines include International Telephone and Union Pacific peers, with U S Steel down 8 points from Tuesday's high. total volume near 2.9 million shares.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
Associated Press
New York
Federal Reserve Board
Washington
Motors
Toungstown
Newmont Company
Kennecott
International Telephone
Abraham and Strauss
Curtiss Aeronautics
Russia Insurance
Vanadium Steel
Anaconda Copper
General Electric
Radio
National Cash Register
Goodyear Rubber
Greene Cananea Copper
Canadian Pacific
Shattuck
General Railway Signal
Wright Aeronautical
U. S. Steel Common
National Lead
Westinghouse Electric
Allis Chalmers
American Express DuPont
International Combustion
Montgomery Ward
Calumet
Arizona
Active cotton goods market keeps firm prices and strong demand
The cotton goods trade remains very active in wholesale and retail in New York with firmer prices. Tickings rise to 6? per yard, bleached cottons up 4c, denims selling freely, print cloths and sheetings ahead of last year, yarns moderately active, and work suit materials well ordered for weeks ahead.
MENTIONED IN THIS ARTICLE
New York
Mar
Southern Standard
Eastern Standard
Chicago cash grain prices on March 23
Wheat No 2 hard smutty 1.15. No 2 northern spring 1.18. Corn No 5 mixed 87% Rast 814, No 5 yellow 8742 8814. Oats No 3 white 45% 48. No 4 white 46 %. Rye no sales. Barley 56 66. Timothy seed 5.09 5.60. Clover seed 33.50 31.50.
MENTIONED IN THIS ARTICLE
Chicago
Miami
Mid States
New York
Radio Corp
Stewart Ward
Studebaker Ee
Willys
Woolworth Co
New York cotton opens steady with mixed early moves
Cotton futures show small gains and losses as May and October trade range 20.72 to 20.85 with overall declines of about 8 to 9 points after first hour. Rains in the east prompt selling while private cables note limited Liverpool activity. Shipboard cotton awaiting clearance estimated at 122000 bales, up from 99000 last year.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Egypt
Near East
Manchester
Cotton futures open easy as reports on acreage loom
New Orleans March 23 The cotton market opened easy with declines of 3 to 8 points and May to October contracts trading below yesterday's close. Traders cited a USDA acreage crop forecast report, though officially denied, and anticipated better belt weather aiding the softer tone. Later, modest support lifted prices 3 to 4 points while the overall undertone remained barely steady.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Department of Agriculture
Liverpool cotton prices steady despite limited demand
Cotton spot markets show limited demand as prices fall across grades. American grades lead losses with 1,600 bales among 3,000 sold, no receipts reported. Futures closed quiet and steady with contracts from March to January trading around 10.60 to 10.79.
MENTIONED IN THIS ARTICLE
Liverpool
Mar
Chicago Live Stock Hogs Market Slips Across Weights
Chicago hogs 7,000 head with 5,000 direct trade weak to 10 cents lower. Top 11.85 for 200 lb. weights. butchers range 11.26 to 11.70 for 254-300 lb. cattle showing slight gains versus a week ago, while sow and pig prices vary.
MENTIONED IN THIS ARTICLE
Chicago
Duke Dance Orchestra to Play Eight Weeks in Belgium
The Blue Devils from Duke University prepare for an eight week engagement at Die Kasino Astende Bel heaire in Belgium this summer. American student orchestras have gained popularity in Europe and Duke’s ensemble has drawn favorable comment.
MENTIONED IN THIS ARTICLE
Durham
Mar
The
Blue Devils
Duke University
Europe
Duke Boys
Wheat values fall as Chicago quotes drift toward Europe
Chicago on March 23 reported further progress in aligning wheat values with European standards. Wheat futures retreated 15 to 2 cents a bushel, corn fell about 4 cents, oats slipped up to 0.1 dollar, and provisions were steady to 0.17 lower. British exports of cotton and artificial silk pieces in 1928 outpaced 1927 by 27 million square yards, valued over 9 million dollars.
MENTIONED IN THIS ARTICLE
Chicago
Boutonnieres Spring Fashion Trend From Day to Night
A fashion piece describes spring boutonnieres reappearing on hats shoulders and dresses in many styles from morning to night. It highlights leather buttonholes modern roses tulle orchids and capes with vivid color combos and notes Thelma Todd wearing an orchid and lily of the valley shoulder corsage with black velvet.
MENTIONED IN THIS ARTICLE
Thelma Todd
First National
Hoover Proclaims New National Origins Quotas
President Hoover issued the proclamation establishing the national origins quotas effective July 1 under the immigration act, while seeking a congressional deferment in the special session to review the policy. The 1890 based quotas would admit 153,714 yearly, down from 164,647.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Congress
United States
Representative Tilson
Connecticut
Republican House
Senate
House
Cramerton Drug Store Robbed of 325 Dollars
The Cramerton drug store was broken into last night and $325 worth of merchandise stolen after intruders shattered the store front glass. Police report no suspects at this time.
MENTIONED IN THIS ARTICLE
Cramerton
Gastonia
Cramerton Drug Store
Markets Hold Steady As Fed Keeps Discount Rate
San Francisco Federal Reserve Bank kept the rediscount rate at 4 percent. General Gas & Electric declared regular quarterly dividend of 87 cents on class A stock payable April 1 to record March 26. Various companies report 1928 earnings, dividends, and losses, including Phelps Dodge, Crown Cork, Columbian Carbon, and others, with prices and per share figures across metals and utilities.
MENTIONED IN THIS ARTICLE
San Francisco Federal Reserve Bank
General Gas & Electric
National Acme
Burns Brothers
General Asphalt
Standard Plate Glass
Tenn
Phelps Dodge
Crown Cork International Corporation
Crown Cork & Seal Ltd
Canada
Crown Cork & Seal Incc
New York
Columbian Carbon
Magnetic Pigment Company
Trenton
Pittsburg
Cotton Letter Reports Mixed Cotton Market And Weather
Live pool closes on May 8 July 10 October 12 December 8 with America points better than due. Middlings at 10.97 down from 11.19 yesterday. Weather cloudy with last night rain in Virginia and Shreveport. Washington report dismissed as false by some papers. agriculture dept notes no immediate danger from floods but a weevil risk if planting is delayed. Worth street active. Fall River cloth market steady. Spinner federation to buy on easy markets. no April week Curtailment.
MENTIONED IN THIS ARTICLE
New York
America
Vickyburg
Shreveport
Washington
Washington Speciate Journal ‘of Commerce
Georgia
Alabama
Florida
Department of Agriculture
Worth Street
Fall River
Londor Cable
JNO. F. Clark . CO
Stock Opinions From JO. F. Clark & Co
Munds and Winslow expect unfavorable crop news to push prices higher. Williams and Travers foresee delayed farm work in the south due to weather. Hubbard Brothers anticipate a lasting market improvement. Bond McEnany and Co foresee favorable immediate effects from proposed legislation. Hornblower & Weeks advise buying Continental Can and Weston Electric. Lima Locomotive and related equipment stocks favored. Jackson Bros prefer oil group stocks as safe bets, citing Sinclair and Pan-American for potential year-end profits.
MENTIONED IN THIS ARTICLE
Munds
Winslow
Wiliams and
Travers
Hubbard Brothers
Bond McEnany and Co
MO. F. Clark & CO
Hornblower & Weeks
Continental Can
Weston Electric
Lima Locomotive
Baldwin
American Locomotive
Pullman
American Car & Foundry
Jackson Bros
Sinclair
Standards
Pan-American
JO. F. Clark & CO
Sister of Local Man Dies in Greensboro
Mrs. Ruby Preddy Hood died in Greensboro after a lengthy illness. She was sister to W. W. Preddy, owner of Capital Grocery on South Main Street. Friends in High Point mourn her loss. She was moved to Wesley Long Hospital in January. Funeral 3:30 Sunday at West Market Street M E Church in Greensboro conducted by Rev. Loy D. Thompson.
MENTIONED IN THIS ARTICLE
Ruby Preddy Hood
Greensboro
W. W. Preddy
Capital
South Main Street
Midsemester Exams At Duke Next Week Begin
A three day period of mid semester exams will begin next Monday at Duke University. Dean W H Wannhamaker has completed the schedule for all departments. The exams start at 9 30 oclock Monday and run through Wednesday at 3 oclock.
MENTIONED IN THIS ARTICLE
Durham
Mar
Duke University
W. H. Wannhamaker
Noted physicist to speak at Duke
Professor Arthur H. Compton of the University of Chicago will address Duke University on April 17 on the nature of light. The Nobel laureate is recognized as a leading American physicist, at 37, with numerous books and articles to his credit.
MENTIONED IN THIS ARTICLE
Durham
Arthur H. Compton
University of Chicago
Duke University
Compton
America
RussellCompletes Duke Religion Dean Article
Durham March 23 Dr Biber Russell dean of Duke University school of religion completed an article on The Society of Friends in America for the new Britannica encyclopedia edition.
MENTIONED IN THIS ARTICLE
Durham
Mar
Biber Russell
Duke University School of Religion
Societ of Friends In
America
Wringerless Easy Wear Demo Promises Safe Hands
A bold claim of finger protection accompanies a demonstration of Wringerless Easy Wear. The ad urges readers to call 2790 for a live display and to learn how the product guards hands from crushing or injuries.
Also Mentioned on This Page
Issly
Jno. F. Clark & Co
Commercial National Bank
Open High Low Close
P.C
Bosch
Balto & Ohio
Chest & Ohio
Chics & Nor West
Chic R 1 & P Ee
Chrysler
Freeport
Tex Ee
Mtrs New W
Gimbel Bros Ee
Norofd
Gulf Mobile Ee Oneee Hudson Mtre Ee Eas
Hupp Mtrs
Meilig Intl Comb Engrees
Intl Tel and
Telse
Intl
Nickelsee
Kelly Sp Tire Ei
Open High Low Close P.C. Jen
W. F. Freeman, Engineer
West Wassington
Duke Dance Orchestra
Belgium
Chicago Grain
Wellesley
Harriett, Schell
Barnswallows Association
Wellesley College
Gondoliers
Ain
Standard Oil of California
International Bituminous Emulsions, Ltd
Great Britain
Bartlett Fraizer
Samson Bros
Thomson McKinnon
MO. F, Clark & CO
Victor
Aviation Corporation
Fairchild Aviation
Coolidge
Oil and Gas
Pulsa
Okla
Consumers Power
George Clark
DUKE
Duke Scon
Russell
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