Stock Market Advances then Pauses as Rates Rise
Broad stock market gains were checked by a rise in call money to 6 percent. Industrials led early gains before profit taking pulled many favorites back, while rails advanced on dividend prospects. Banks loaned $25 million. Union Pacific topped 204, Canadian Pacific above 223. Curtiss Aeroplane and Radio showed volatile moves amid heavy trading.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
Associated Press
New York
New Haven Railroad
Curtiss Aeroplane
Wright
Ludlum Steel
National Bella Hess
Cuba Co
Victor Talking Machine
General Motors
International Telephone
Adams Express
Dupont
Houston
Standard Oils
New Jersey
Atlantic Refining
Union Pacific
Canadian Pacific
Rock Island
Reading
New York Central
Wabash
Baltimore & Ohio
Maze of Accounts in Stock Market Delays Hit Wall Street
Wall Street commission houses face a maze of delayed bookkeeping as 4,000,000 share days on the New York exchange and 1,000,000 share days on the curt market unleash a flood of trades. Small lot deals from February remain unsettled due to rushed clerical work, inadequate preparation, and a surge in volume. Trade bodies advise more staff, better bookkeeping, and faster systems, but costs and space constraints hinder immediate relief.
MENTIONED IN THIS ARTICLE
New York
New York Exchange
Wall Street Commission
Wall Street
That Baby Youve Longed For
Mrs Margaret Burton of Kansas City describes years of infertility and severe distress before becoming a mother to a daughter. She offers free, confidential advice to married women who write, promising no sales or charges. Letters expected at 8760 Massachusetts Ave, Kansas City, Mo.
MENTIONED IN THIS ARTICLE
Margaret Burton
Kansas City
Stock Gossip on New Highs and Buy Signals
The New York market opens with industrial and rail averages near recent highs and expected to hold briefly. Canadian Pacific lingers below 300 as a buy, General Motors aims for 210 and Yellow Truck toward 40, Chrysler remains sluggish, and MOP may hesitate before potential gains.
MENTIONED IN THIS ARTICLE
New York
Canadian Pac
General Motors
Yellow Truck
G. M
Chrysler
Cotton futures steady after crop news and European pricing
Whitney quotes show futures slipping into the afternoon as crop reports weigh. July, October and December contracts rise 13 to 17 points from yesterday’s settle with gains of 0.13 to 0.17. Exports for the day reach 17 169 bases as New Orleans markets end slightly lower.
MENTIONED IN THIS ARTICLE
New Orleans
P.C
New highs mark April crude deliveries and stock notes
New York May 8 April deliveries of crude oil to interior points by Nat Transit Co set a new high, announced by the President at the annual meeting. Chicago and Northwestern Railway directors meet at 11 30 am for action. New York Stock Exchange notes Western Dairy Products proposed stock increase from 5 000 000 shares to 8 000 shares as industrial stocks rise.
MENTIONED IN THIS ARTICLE
New York
Nat. Transit Co
Chicago and Northwestern Railway
N. Y
Western Dairy Products Co
Cotton letter from New York reports mixed forecasts across cotton regions
May 8 New York dispatch notes rain in Atlanta Jacksonville and Wilmington with Carolinas showers. other cotton states mostly fair or partly cloudy and warmer. Worth street quiet, prices firm, traders eye weather and rebuying after prior contracts. Weather outlook split with colder nights in eastern belts and warmings in central and western belts.
MENTIONED IN THIS ARTICLE
New York
Atlanta
Magon
Jacksonville
Wilmington
Carolinas
West Texas
Worth Street
J. F. Clark
Stanley
Okla
East Texas
New Orleans Spot Cotton Quotes Slip Four Points
New Orleans on May 8 reports spot cotton closed quiet four points lower. Sales 1,057 with low middling 2039, middling 2114, good middling 2154. Receipts 3,007. stock 355,651.
MENTIONED IN THIS ARTICLE
New Orleans
Cottonseed Oil Prices Steady in New York Trade
Cottonseed oil closed steady on May 8 in New York with firm prices across contracts listed. Prime summer yellow 1070 and crude 900 to 925 led a session of 13,200 sales against a range of nearby and deferred contracts from May to December.
MENTIONED IN THIS ARTICLE
New York
Cottonseed Oil Price Report For Summer Contracts
The market closed steady with futures for primes and crude futures showing gains across the summer calendar. Prices ranged from 887 and 900 for crude and rose through May to December contracts with notable increases from May 1015 to December 1050.
Foreign exchange quotes across nations and markets
New York May 8 Foreign exchange mixed with demand and cable prices quoted for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slova kia Yugoslavia Austria Romania Argentina Brazil Tokyo Shanghai Montreal in cents and units.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugo-Slavia
Austria
Rumania
Argentina
Brazil
Tokio
Shanghai
Montreal
Cotton market edges higher then slips in New Orleans
The New Orleans cotton market moved upward in early trading today before a sharp pullback as selling and realization trimmed gains. Prices declined 39 to 40 points from intraday highs, ending about 11 to 15 points under the early peak amid favorable weather expectations.
MENTIONED IN THIS ARTICLE
New Orleans
Raw sugar prices ease in quiet New York trade
Raw sugar stays quiet in New York with prices largely unchanged at 4.52 for Cu ban and near 4.46 after duty free offers. May futures open 1 to 4 points lower amid liquidation by producers and slow refined movement dampening spot demand. London market also softer with refined prices steady at 5.95 to 6.00.
MENTIONED IN THIS ARTICLE
New York
London
Market Report Silver Prices And Mexican Dollars
Silver in New York on May 8 quoted at 591-8 per ounce while Mexican dollars traded around 491-2.
MENTIONED IN THIS ARTICLE
New York
Eggs Firm Receipts Hit 61,359 In New York Trade
New York May 8 eggs firm with receipts totaling 61,359. Fresh gathered extra firsts quoted at 31 1 4 to 32 1 2 cents per dozen.
MENTIONED IN THIS ARTICLE
New York
Liverpool Cotton Prices Edge Higher in Quiet Market
May 8 report shows spot prices up across grades with American papers among buyers. Sales reach 6,000 bales with 4,000 American. receipts 13,000 including 10,800 American. Futures close barely steady with May 11.37, July 11.81, October 11.19, December 11.11 for Roahs January 11.11 and March 43.39.
MENTIONED IN THIS ARTICLE
Liverpool
Chicago Potatoes Market Report May 8 Summary
Potatoes receipts 150 cars on track 310 total U S shipments 499. Market weak and dull amid slow demand. Wisconsin sacked round whites 1.60 to 1.75. Minnesota 1.50 to 1.60. Idaho sacked russets 1.50 to 1.65. Fancy shade higher. new stock demand light. Texas sacked Bliss Triumphs 3.50 to 3.65. Louisiana Bliss Triumphs 3.25.
MENTIONED IN THIS ARTICLE
Chicago
U. 8 S
Wisconsin
Minnesota
Idaho
Texas
Bliss
Louisiana
Bull market lifts stocks to new highs in early session
A broad surge in buying orders from across the country sent many shares to new highs after the opening. Radio began with a loss before rising to a record, while Continental Motors and International Combustion and Engineering hit fresh peaks. General Electric moved higher in sympathy, and Curtiss Aeroplane reached a new intraday high as traders bid up other issues amid spread profit taking.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Bell Wether
Continental Motors
International Combustion and Engineering
General Electric Company
Curtiss Aeroplane
Canadian Pacific
International Ttele & Tele
Savage Arms
Vanadium Steel
Allis Chalmers
Victor Talking Machine Cuba Company
General Motors
Chicago Livestock Market Report May 8
Hog receipts 14 000 with prices 15 to 25 cents higher than Monday. Top 10 45 for 190 220 lb hogs. 250 350 lb hogs 9 50 10 25. 200 250 lbs 9 75 10 45. 160 200 lbs 9 00 10 45. 130 160 lbs 8 15 10 25. Packing sows 8 40 9 35. pigs 90 130 lbs 7 50 9 00. Cattle 7 000. calves receipts 3 000. most killing classes active.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
Market Livestock Prices Mixed as Demand Steady
Feeder and slaughter cattle show uneven gains with steers 1100 to 1500 pounds at 13.25 to 15.00, lighter cattle up to 14.75. Heifers 850 pounds and up fetch 12.50 to 14.00. cows 7.50 to 12.00. bulls 7.50 to 10.50. Sheep and lambs rise slightly with slaughter lambs 17.75 to 18.75 for good and choice. Ewes 6.25 to 9.15. overall tone steady to higher in spots.
Spot Cotton Report Charlotte May 3
Spot cotton in Charlotte on May 3 opens at 20 cents per pound. Weaker weather and market demand influence prices with no further changes reported.
MENTIONED IN THIS ARTICLE
Charlotte
Market Quotes From Chicago Grain and Livestock Prices
Chicago May 8 Wheat No 2 hard 1.62 1.64 No 1 northern spring 1.60 Corn No 3 mixed 1.09 No 2 yellow 1.11 1.12 Oats No 2 white 67 70 No 3 white 65 69 Rye No 3 1.36 Eiley 98 1.09 Timothy seed 3.90 4.65 Cloverseed 19.50 26.50 Lard 12.00 Ribs 12.00 Bellies 14.00
MENTIONED IN THIS ARTICLE
Chicago
Eiley
Government bonds closing prices in New York
U S government bonds closed with Liberty series at 101.9 for 342s Liberty 1st 44s at 102.8 Liberty third 4s at 100.8 Liberty 4th 4448 at 102.27 Treasury 4%4s at 115.7 Treasury 4s at 110.8 Treasury 3% at 107.7 Treasury 33 at 102.10.
MENTIONED IN THIS ARTICLE
Government Bonds
New York
U. S
Liberty
Treasury
Cotton futures muttered gains and dips in May trade
Reports of improved southern weather spurred an early advance in cotton futures, with gains of 23 to 80 points before sliding 10 to 15 points amid renewed buying. Prices steadied as midafternoon quotes showed 18 to 20 point gains not exceeding previous levels.
MENTIONED IN THIS ARTICLE
New York
South
P.C
Call Money Market Report New York May 8
Call money stronger with a high 6 and low 51-2, ruling rate 51-2, closing bid 6. Time loans steady with mixed collateral 60-90 days 7-8-5 and 4-6 months 47-8-5. Prime mercantile paper 41-2. Bankers' acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Copper and metals market notes from New York
New York copper and base metals markets reported mixed activity on May 8. Copper firm at 14 12 for spot and future, tin quoted 61.37 spot and 51.12 future, lead at 6.10 in New York and 6.00 in East St. Louis, zinc firm with 5.97 to 6.00, antimony at 11.25. Iron remained quiet and unchanged.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Naval Stores Report from Savannah Early May
Naval stores data from Savannah dated May 8 shows turpentine steady with prices around 483 4, sales 455, receipts 1170, shipments 567, stock 10050. Rosin line reports sales 1386, receipts 3666, shipments 336, stock 63225. Quotations listed as E 675 D 680 25 E 735 F 745 50 G 760 65 H 765 I 770 K 175 M 780 N 840 55 WG 900 WW 950 X 950.
MENTIONED IN THIS ARTICLE
Savannah
Wheat Market Rises Amid Dry Dakotas Dust Storms
Chicago May 8 wheat offerings light after late buying by houses with connections northwest. Reports of dry weather and dust storms in the Dakotas and Minnesota spark optimism. Government crop outlook due tomorrow shows a 460.006 million bushel winter wheat yield for 1928 vs 552 million last year. Corn and oats slight moves, provisions up.
MENTIONED IN THIS ARTICLE
Chicago
Northwest
Numreons
Dakotas
Minnesota
Southwest
Washington
Elon College May Be Enlarged by Atlanta Merger
The Atlanta Theological Seminary may relocate to Elon College near Durham North Carolina after a trustees meeting May 15. If approved the move could occur before the fall semester as part of a merger aligned with church union decisions. The seminary would retain its faculty and students would transfer to Elon campus.
MENTIONED IN THIS ARTICLE
Atlanta
Atlanta Theological Seminary
Elon College
Durham
N. C
Atlanta Seminary
William E. Mansfield
Mansfield
Southern Christian Convention
Congregational Church
Eton College
Christian Church
Lewis H. Keller
Elon
Confederate Veterans Gather for 38th Arkansas Reunion
In Little Rock on May 8 hundreds of Confederate veterans arrived for their 38th annual reunion. Leaders discussed a possible joint reunion with federal veterans, with General J. C. Foster advocating the idea. Senator Joseph T. Robinson was slated as principal speaker at the event.
MENTIONED IN THIS ARTICLE
Little Rock
Ark
United Confederate Veterans
J. C. Foster
Houston
Tex
Associated Press
Camp Foster
Confederate Memorial Association
Confederated Southern Memorial Association
Sons of the Confederate Veterans
Joseph T. Robinson
Rainfall Tests Flood Level Near Asheville
Heavy continuous rain from Saturday night through early today dumped 3.61 inches over western North Carolina. The French Broad River stood about four tenths of a foot below flood level or four feet above normal Tuesday morning and was largely stationary today. Partly cloudy skies and rising temperatures were forecast with more rain expected tonight.
MENTIONED IN THIS ARTICLE
Asheville
North Carolina
French Broad
Weather Bureau
Naval Officer Sentenced After Panama Fight
Ensign Frank J. Donohue of Milwaukee attached to the United States cruiser Rochester was sentenced to sixty days in a Panama jail after resisting a police demand for a fare from a jitney driver. Sailor J. J. Wazenics of the Nitro was stabbed but alive, though its prognosis is poor. others injured are reported out of danger.
MENTIONED IN THIS ARTICLE
Panama
Frank J. Donohue
Milwaukee
United States
Rochester
Donohue
J. J. Wazenics
Nitro
Chilean Romero Rojas to fight Ad Warren on May 17
Romero Rojas the Chilean heavyweight will meet Ad Warren a former UNC student in a ten round bout at Charlotte on May 17. Roy Hill Carolina Boxing club matchmaker announced contracts were received yesterday.
Stop Getting Up Nights With Palmo Globules
An advertisement offers Palmo Globules to men with bladder, prostate, and urinary symptoms. It promises relief from nocturnal urination, back pain, dizziness, and weakness and claims thousands have used it. A free trial treatment is sent to first time users with no obligation. The Palm Company, 60 Calhoun St, Battle Creek, Mich.
MENTIONED IN THIS ARTICLE
Palmo Company
Calhoun St
Battle Creek
Mich
Also Mentioned on This Page
Mrs. Burton
John F. Clark & Company
Commercial National Bank
Whitney
Clevenburg
Hubbard Bros
Wade Bros
Orvis Bros
NEW York Dairy
Chicago Grain
NEW York Copper
Naval Stores
Baltimore and
Bethlehem Stl
Chic Mil
St. P
Chic
Norwnee
Gils
Chic Rock I and
Pac
Chrysler Motor
Coca Cola
Éeeevnee
Consolidated Gasee
Crucible Stl
Weteteneee
Dodge Bros. “Eee
Lasky
Freeport
Texas Coe
General Elec Oeeer Ll
Great Northern
Mont Ward
Eeee
Co “Ee
Packard Motor Car
Pierce Arrow
Radio Corp
St. Louis
Sea Air Line
Sears Roebuck
Shell Union Oil Ee . Se
Sinclair Con Oil Fe Se
Southern Pac
Oeerel
Southern Ry
U S Rubber
U S Steel
Sek Cain
Arkansas
Dethol
Bugs
Dethol Mfg. Co., Inc
Richmond
High Point
Motor Service Co
South Wrenn St
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