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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

May 14, 1928

Page

5

Wall Street Resumes Broad Scale Stock Sale

Wall Street reopened large scale selling with broad gains in many industrials and notable advances in Curtiss Wright American Smelting and Kennecott while oil stocks rose on lower gasoline inventories. Total volume neared 4.5 million shares as the market ended strong with unions and rail talks sidelined.

New York Guith Wall Street U.S. Senate Curtiss Wright Kennecott Calumet Arizona Greene Can California Pan American Western Houston American Erie van Sweringen Interstate Commerce Commission St. Louis Southwestern Common Great Northern Preferred

Search for survivors after motorboat capsizing near shore

Eight Raley of Brockton believed saved and hopeful others may have reached shore as a wide search finds no bodies. Nearby parties continue to scour the area for survivors amid the capsized boat incident.

Raley Brockton

Small fire destroys garage at Chapel Hill

Fire of unknown origin destroyed the Pendergraft garage in Chapel Hill North Carolina early today with an estimated loss of 25000 dollars. Exploding gasoline tanks hindered firefighters and about half the loss was covered by insurance.

Chapel Hill N. C Pendergraft

Stocks and Cotton Market Observations

Daily market notes from John F. Clark & Company at 612-13 Commercial National Bank Building. Observations cover stocks and cotton trends, with brief quotes and regionally focused pricing signals.

John F. Clark & Company Commercial National Bank

Stock roundup and market notes from New York May 14

The report covers a noon stock market brief with a stay request on a seven cent fare in New York City interborough transit, a daily oil production rise to 626,600 barrels, British rubber stocks down 1,178 tons, and Greece stabilizing its currency near 77 drachmas per dollar. It includes Dow Jones opinions on oils, rails, coppers, utilities, and a few stock calls from analysts and firms.

New York Supreme Court New York City Interborough N. Y Calif Greece Dow Jones Fox Film Allied Chem Panhandle Prod Bfg Chicago Oil and Gas

Cotton Letter reports mixedcotton trends and weather impacts

In New York on May 14 the Cotton Letter notes spot sales at 5,000 bales with American deliveries down and middling prices around 11.52. Weather shows rain in Palestine and Galveston with widespread cool, unsettled forecasts across Texas and the South. Market sentiment hints at further declines if West Texas rainfall continues, with advisory notes from Hubbard, Wade, Orvis, and J F Clark urging cautious buying on dips.

New York Liverpool Palestine Texas Galveston Abilene Carolinas Fair North Central Northwest Okla Southwest Worth Street Manchester Hubbard Bros Wade Bros West Texas Orvis Bros J. F. Clark

Grain market errata shakes wheat and corn

Chicago reports a government crop estimate correction for winter wheat showing an 486 million bushel indicated yield, with Wednesday's figure revised 7.392 million higher causing liquidation and multi million losses. Prices weakened further as stop loss orders ran, with the market turning oversold and cautious traders awaiting decisive news.

Chicago Tribune

Cotton futures slide on Texas rains and belt drought

Rains in Texas and drought in other belt sections, plus poor Liverpool cables, push cotton futures lower. First trades drop 33 to 35 points with July at 20.43, October 20.20, December 20.16, down 39 to 43 points from Saturday. A late small rally follows as western rains raise buy interest.

Chicago Wheat Edges Down as Rain Affects Outlook

In Chicago May 14 traders saw wheat prices slip as rains hit Nebraska and forecasts spread across most states except North Dakota. Liverpool firmness kept a choppy pattern with opening declines and rapid fluctuations within a two and a half cent band. Corn and oats weakened and provisions trended downward.

Chicago Nebraska North Dakota Liverpool

Foreign Exchange Rates in Lead Quotes

Foreign exchange firm publishes bank buy and sell rates in cents for nations and cities including Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Austria Romania Argentina Brazil Tokyo Shanghai Montreal with various bid and ask figures.

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

Cotton declines on rains in southwest trade pressure

Reports of beneficial rains in the southwest cooled demand as active months dropped 43 to 50 points in the forenoon with heavy selling. Trade buying and covering offered small recoveries, but the midafternoon session was about 40 to 43 points lower than Saturday's close.

New York

New Orleans Cotton Prices Slide On Rain and Drought Fears

The New Orleans cotton market fell over 2.50 a bale due to heavy selling spurred by good rains in western drought regions and bearish consumption data for April at 525,158 bales. July to Dec futures declined while mid session saw a brief rally before sliding back. Exports for the day reached 14,299 bales with futures ending steady to lower.

New Orleans Cenus Bureau

Wheat, Corn, Oats Ends Lower on Weather and Supplies

Chicago grain markets eased as rains hit winter and spring wheat belts including Canada. Wheat fell 15 percent from Saturday, corn down 2 and three quarters, oats off 38 to three eighths, with provisions unchanged. Bearish tone due to ample Chicago May wheat deliveries and overall weaker wheat outlook.

Chicago Canada

New York Cottonseed Oil Prices and Sales

Cotton seed oil closed steady with prime summer yellow at 1049 and prime crude at 875 912. Trading included May to Dec futures from 1040 to 1080, with total sales of 15,500 units.

New York

Bar silver and Mexican dollars quoted in New York market

In Silver New York on May 14 the market quoted bar silver at 6954 and Mexican dollars at 457 percent.

New York

Cotton Market News Report from Charlotte May 14

Spot cotton in Charlotte on May 14 shows activity with 2018 grade quality noted. Prices and trading details are limited in the fragment, but the report indicates a current market snapshot from the region.

Charlotte Cotton Charlotte Spot

U. S. Government Bonds Summary May 14 New York

U S Government bonds closed with Liberty 3 1 2s at 100.22 Liberty first 4 1 48 at 102 Liberty third 4 1 4s at 100 8 Liberty fourth 4 1 4s at 102 8 Treasury 4 1 4s at 115 Treasury 4s at 110 Treasury 3 3 468 at 107 Treasury 3 3 8 9 at 109 1 30

V. S. Govt. Bonds New York I. S. Govt Liberty Treasury

Cottonseed Oil Prices Quiet in New Orleans Trading

New Orleans May 14 Cottonseed oil closed quiet with quotes for prime summer yellow 985 prime crude 875 to 900 and futures for May 1000 June 100 July 1003 August 1008 September 1013 October 1015 November 1025 December 1025.

N. O. Cottonseed Oil New Orleans

Sugar market steady as New York quotes hold

Raw sugar opened unchanged at 4.52 Cuban duty paid and drifted higher to 4.53 by midday. Futures showed a steady undertone with modest one point gains. Refined sugar saw fair inquiry but buyers limited to near term needs. Fine granulated priced 5.95 to 6.00.

New York

Memorial services held for Louisiana Representative Lazaro

Sunday services paid tribute to the late Representative Lazaro of Louisiana. Monday the Senate handles a tax bill while the House considers the Denison bill for Government barge line facilities and labor measures. committees review calendar items. Senate funds panel probes former Illinois Governor Lowden. Senate foreign relations panel meets in secret to review Barlow claim against Cuba. House committees pursue secondary calendar business.

House Lazaro Louisiana Senate Denison Cooper- Hawes Lowden Illinois Senate Foreign Relations Barlow Cuba

Republican delegate race overshadows New Jersey primaries

Newark May 14. The primary slate for New Jersey delegates to national conventions is eclipsed by senatorial and gubernatorial battles within the Republican party. Democrats have no opposition. Hoover appears on the presidential ballot though not binding. Delegates will be elected with varying vote weights. Lowden and Coolidge contests appear in districts alongside Hoover as second choice.

Newark N. J New Jersey Smith New York Houston Hoover George G. Bates Favors

New York Dairy Prices Stretch for Butter and Cheese

Butter firm at 6 998 per unit with creamery extras 46 to 46 1 2. extra 92 score 45 1 2. firsts 88 to 91 score 44 1 4 to 45 1 4. Cheese steady at 81 516 state whole milk flats with fresh fancy 22 to 22 1 2. fancy special 29 1 2 to 31. Do average run 28 to 28 1 2.

New York

Liverpool cotton market reports mixed prices

Cotton spot quiet with prices lower in Liverpool on May 14. American middling fair at 12.45 and strict good middling 12.02. sales reached 5 000 bales of which 4 000 were American. Futures closed quiet with May 10.99 and July 10.96 among values.

Liverpool

New York Cotton Opens Steady After Early Decline

New York May 14 The cotton market opened steady to day at a decline of 15 to 28 points as rains in West Texas and easy Liverpool cables prompted selling. July contracts slipped to 20.71 and October to 20.64 in the first hour with overall liquidation spilling into southern accounts.

New York Texas Liverpool Southwest Southern Manchester

Chicago Livestock market report May 14

Hogs 45,000 head mostly steady to 15 cents lower than Friday with heavy butchers hardest hit. Top 10.20 load 210-225 lb. Cattle 18,000 and calves 5,000 with trade steady to weak. Slaughter steers 13.00-15.90. yearlings 12.75-14.50. beef and feeder ranges noted. Sheep 23,000 with better grades steady, low clipping drag. spring lambs 17.25-18.25 for good to choice.

Chicago Livestock Chicago

Rumor Surrounds Mrs Stillman Jr and Young Couple

New York report notes great solicitude over the youthful Mrs James A Stillman Jr amid speculation of an expected event. The Stillmans plan a Boston visit then travel to the La Toque hunting lodge in Quebec Province for the summer. Budd aims to enter Harvard Medical school in the fall.

New York The New York American Today James A. Stillman, Jr Stillman Town House Park Avenue Stillman Stillmans Boston la Toque Quebec Lena Wilson Budd Harvard Medical School

Tammany to Celebrate 139th Anniversary at Tamany Hall

Tammany will mark its 139th anniversary with a last birthday party at historic Tam many Hall on 14th Street. The 1868 Democratic National Convention housed there. Next year the group hopes for a new home on 17th Street. Speakers include George Gordon Battle James J. OGorman Jr and Jonah J Goldstein.

New York Tammany Tammany Hall 14Th Street 17Th Street George Gordon Battle James J. O’gorman, Jr Jonah J. Goldstein James J. O'Gorman, Jr

Three Injured in Sanford Weekend Car Wreck

A weekend automobile rollover on a highway near Sanford left three people hospitalized. Driver Mrs. S T Culpepper of Athens Georgia sustained a broken leg and arm and head injuries. Her infant daughter and Mrs. C D Cooley of Nashville North Carolina were also injured.

Sanford S. T. Culpepper Athens C. D. Cooley Nashville N. C

New Bern Overall Company Chartered to Make Overalls

Secretary of State Hartness issues a charter to the New Bern Overall Company of New Bern to manufacture overalls with authorized capital stock of 50 000 dollars and 20 000 dollars subscribed by Sam Lipman Harry Lipman and F B Williams of New Bern.

Raleigh Hartness New Bern Overall Company of New Bern Sam Lipman Harry Lipman F. B. Williams

Jepson Art Weaving Mills to Install 50 Looms

Novelties Wadesboro May 14 report that the new Jepson Art Weaving Mills will install 50 looms for producing woven novelties. Groundwork begins in a few days with H. B. Allen as president, T. K. Covington as superintendent, and Arthur Jepson serving as superintendent of Diant.

Wadesboro Jepson H. B. Allen T. K. Covington Arthur Jepson Diant

Japan clears Shantung capital and takes control

Japanese forces seize Tsinan in Shantung after days of fighting, taking over the railway and city administration via the Chinese chamber of commerce. The clash leaves heavy casualties on both sides as diplomacy and League of Nations debates continue.

Japan Shantung Province Shantung China Tsinan Chinese Chamber of Commerce Nippon League of Nations Nanking Peking League Geneva M. Tanaka Tokyo Carol of Romania England William Joynson-Hicks Carol Surrey Alba Julia Bratianu Brattany Great Britain Austen Chamberlain United States Kellogg Shanghai Tientsin Nationalist Council Coolidge Tsiwan Chang Tso-Lin Manchuria

Old Tammany Hall to Host Final Big Anniversary Party

Tammany Hall celebrates its 159th anniversary with a last birthday party in the historic 14th Street building opened to house the 1868 Democratic National Convention. Speakers include George Gordon Battle James J. O’Gorman Jr and Jonah J. Goldstein with Catholic and Jewish features noted.

Martial column notes foreign troops in Tientsin and surrounding areas

A Chinese theater report describes the junction of key railway lines linking Tientsin with Pukow across the Yangtze and Nanking, noting foreign force deployments in Tientsin. It cites about four thousand foreign troops including Americans with air power and tanks, plus British French and Japanese units.

Tientsin Pukow Nanking Peking Mukden

Two U.S. Planes Crash En Route to Labrador

Two United States Army planes bound for Labrador to resume Bremen's flight to New York crashed near Maitland Nova Scotia shortly after 11 am eastern daylight time today. They were 50 miles from Pictou and had passing Truro when they altered course to Maitland in Hants county.

Halifax N. S Labrador Bremen New York Maitland Hants County Pictou Cobequid Bay Minas Basin Truro

Cotton briefs show April domestic use dip in New Orleans report

The census bureau reports April domestic cotton consumption at 525,158 bales, down from March's 581,318 and last April's 618,279. The drop is viewed as bearish and suggests weaker demand.

New Orleans Census Bureau

Rain Blesses Parched Texas West Region

Heavy weekend rains drenched west and west central Texas, bringing several inches of relief to the long drought across the region and improving conditions across towns and farms.

Texas

Early Liverpool Cable Notes Cotton Liquidation on Texas Rains

An early private Liverpool cable states general liquidation and short selling of cotton on Texas rains. This helps explain why Liverpool prices came in considerably lower than expected.

Liverpool Texas

Cotton Mills Lose Ground Warns British Exports Decline

A Manchester cable reports that cotton mills are losing ground as British Board of Trade data show a drop in exports of cotton goods from Great Britain in April.

Manchester Eng British Board of Trade Great Britain

Cotton market slips on Texas rains at open

Cotton trading opened lower as persistent Texas rains weighed on prices, marking a drop of more than two dollars per bale from Saturday’s close.

Cotton spot sales rise in southern markets

In late week cotton spot sales in the southern markets totaled 62 731 bales, up from 46 063 a year earlier. Market observers note the figures are notable because offerings were much smaller than last year.

FTC Moves to Enforce Paramount Lasky Ruling

The Federal Trade Commission will seek court action to enforce its order against the Paramount Famous Players Lasky corporation over its black booking practice of distributing films.

Washington The Federal Trade Commission Paramount-Famous Players Lasky Corporation

Prince Carol to Leave England by Thursday

Great Britain expects Prince Carol to depart England by Thursday after reports of illness. Home Secretary Sir William Joynson Hicks said he received a definite undertaking from Carol’s host M Ionescu that the guest will leave the country by Thursday at the latest.

London Great Britain Prince Carol England Price William Joynson Hicks Home Secretary House of Commons Carol M. Ionescu

April Cotton Consumption and Stocks Report

The Census Bureau reports April cotton consumption 525 158 bales lint and 57 513 bales linters. On hand totals show lint and linters in consuming establishments and storage, with exports of 485 219 bales including 17 901 linters. State totals show varying April figures for lint consumption, stocks, and spindle activity compared with March and April last year.

Washington Census Bureau Apri

Columbia Crew Stages Comeback In Cup Regatt a

Columbia varsity eight, racing without captain Aalastair McBain due to illness, rallied to win the Childs Cup regatta on Lake Carnegie in Princeton. They led from start to finish, beating Pennsylvania by two and a half lengths and Princeton by a length and a half. Eric Lambert stroked the boat for the first Childs Cup victory since 1923, guiding the crew through choppy waters at Carnegie Lake.

Princeton N. J Yale Schuykill Columbia Pennsylvania Princton Lake Carnie Aalastair McBain Quakers Eric Lambert Carnegie Lake

Campaign Expenditures Reported For Governor Hoover And Smith

James W. Good lists Hoover campaign spending at 241274 and expects higher totals as reports from northern California and other states come in. George R. V Namee tells that Governor Smith's campaign has spent 92090 through those backing his nomination.

Hoover Smith, Reed James W. Good California Smith George R. V Namee

Baltimore Harbor Improvement Project Approved

The House Rivers and Harbors committee approved an army engineers plan for Baltimore harbor work costing 597 540 dollars. The project will be included in the harbor bill the committee is drafting.

Baltimore Harbo Washington House Army Engineers

Also Mentioned on This Page

Webster’s NEW International Merriam Webster Government Printing Office India G. & C. Merriam Co Mass Logan Bryan Clevenberg South San Antonio Elpaso Amarillo Central Belt Congress Chief Battle Young Stillman Isinan Associated Press Old Tammany Hall U. S Santa Fe Baltimore and Ohio Bethlehem Steel See Tee Chesapeake and Ohio Chic and Northwestern Chic Rock I Pac Eeseee Ivcuaeee Dupont de Nem Elec Pow Stee Te Famous Players-Lasky Fisk Rubber Ck Ae Ae Freeport-Texas Co Lod General Electric General Motors Esee Eee Great Northern See Inter Nickel Kelly Springfield Tire Mack Truckee Ts Marland Oil Sss Eee Morans and Tex Republic I and Steel Reynolds Stewart Warner Texas Company U S Steel Wabash Ry Westinghouse Beleage White Motor Co Willys Overland Woolworth Co Victor Talk Highland Knox A Hillcrest Tomlinson Kernersville Piedmont Ee Glenda A Ee Mechanicsville Trinity Baptist Poplar Ridge Trinity High Commercial League Commercial Nat. Bk Vy. MM. Coms Gov Lowden
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