Market Frustration Stalls Securities Rush As Rates Rise
High money rates tempered securities speculation in New York trading. A broad price slide earlier in the week reversed to new yearly peaks, while shortened sessions faced protests leading to a return to five hours. Federal Reserve actions restrained credit and boosted short term rates. Airplane stocks and General Motors dragged, oils and independent motors showed mixed moves, and rail shares were pressured by lower carloadings and a major merger decision.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
Associated Press
New York
Exchange
Federal Reserve
U. S
New York Federal Reserve
General Motors
Studebaker
Reo
Pierce-Arrow
Postum
American Home Products
Park and Tilford
First National
Charles Lindbergh
Trans-Continental Air Transport, Inc
Radio
Lawrence case delays expert tire print evidence
Law rence defense sought expert evidence on tire prints at the Avents Ferry bridge. Judge Nunn ruled the testimony inadmissible after witnesses argued tire print factors like weight and inflation. Jurors were sent out, then returned as Arthur Edwards and W B Moore testified to Lawrence's good character.
MENTIONED IN THIS ARTICLE
Lawrence
Avents Ferry Bridge
Romulus A. Nunn
J. Eric Johnson
L. A. Marshall
Arthur Edwards
Lumberman
W. B. Moore
Merry Oaks
Yadkin River Recedes After Sharp Rise
Lexington May 26 The Yadkin River, which surged eight feet above normal after recent rains, is reported to be receding. Viewers near the new concrete bridge at Oakes Ferry on Highway 0 watch driftwood cascade downstream as construction crews battle debris buildup under the spans. Crossing at Fulton's Ferry three miles upstream was blocked for several days by high water.
MENTIONED IN THIS ARTICLE
Lexington
Yadkin
Oakes Ferry
Highway 0
Fulton
Terry
Cotton Letter from New York May 26
Southern weather last night mostly clear. Forecast calls for Texas part cloudy cooler Oklahoma fair warmer Arkansas showers in west. rest of belt fair except thundershowers along Georgia and Carolinas. Traders bullish on crop. opinions split on future prices with calls to buy on market weakness and weather improving conditions.
MENTIONED IN THIS ARTICLE
New York
Texas
Oklahoma
Arkansas
West Parton
Georgia
Carolinas
Worth Street
Clevenburg
J. S. Bache & Co
Williams &Travers
Pynchon & Co
Wade Bros
Orvis Bros
Hubbard Bros
Cotton futures rally on early selling cover and demand
New York May 28 cotton prices eased at opening on local offerings but contracts were absorbed and the market rallied above yesterday's close as early sellers covered and trading demand persisted. A New Orleans weather expert forecasts impending bad weather, leaving the market awaiting further weather developments.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Chicago Livestock Prices Decline Mixed Across Hogs Cattle and Sheep
Chicago market report shows hogs 7,000 head with spots weak to 10c lower on good to choice 190 to 140 lb, top around 9.95 for 160 lb. cattle trends mixed with heavy steers 70c to 1.00 lower and vealers 1.00 higher. Sheep run 3,000 with better grades up 25 to 50c. spring lambs 1.90 top, western lambs 18.25-18.90, feeding lambs 12.50-13.50.
MENTIONED IN THIS ARTICLE
Chicago
Nebraska
Raw sugar holds steady with light turnover in New York
Raw sugar in New York on May 26 remained unmoved with under 4,000 tons traded. Cu ban holders sought 4.52 while duty-free buys at 4.46 drew little interest. Futures eased then closed near the day’s start as July through May contracts posted small moves. Refined granulated sugar stayed at 6.05 to 6.10 with no new business reported.
MENTIONED IN THIS ARTICLE
New York
Potatoes Market Report from Chicago May 26
Chicago reports potato receipts totaling 92 cars on track 315 with 1,062 cars shipped nationwide. Demand weak with slow old stock sales and market softness in sacks. Prices shown for Alabama Louisiana sack varieties 2.25 to 2.40 for best stock and Wisconsin Minnesota Idaho russet ranges noted.
MENTIONED IN THIS ARTICLE
Chicago
United States
Alabama
Louisian
Bliss
Wisconsin
Minnesota
Idaho
Market sentiment on grain amid weather and crop prospects
Bache notes market dependent on weather and crop, favors buying weak spots. Stein Alstrin cites irregularity across grain but doubts prevailing bearish view. Hulburd W. Co. prefers short positions in corn on moderate advances. Logan and Bryan see uncertainty in spring wheat, advising against aggressive selling now.
Wheat Prices Rise on Northwest Drought and Corn Decline
Chicago traders cite ongoing dry weather in the northwest and a corn price drop as triggers. Wheat, after an early setback, then strengthened as buying returned and futures moved above prior close. Corn and oats slipped while provisions dipped. Tribune reports market sentiment notes profit taking and limited outside support.
MENTIONED IN THIS ARTICLE
Chicago
Northwest
Stenders
Tribune
Steaders
New York Cotton Prices Move on Weather Uncertainty
Weather concerns in the south over Sunday spurred active covering in the New York cotton market. Prices recovered from an early decline and closed steady, with October lifting from 20.62 to 20.81 and ending at 20.70, net 1 point higher to 4 points lower.
MENTIONED IN THIS ARTICLE
New York
Market Closes for Sixth Saturday Holiday
The New York stock exchange and New York club market were closed today to ease congestion from recent big markets. Commodities markets stay open. Markets closed next Wednesday Memorial Day. Full five hour trading resumes next week after a week with 2 pm close.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
New York Club Market
Foreign exchange rates mixed in New York market
New York on May 26 reported mixed foreign exchange quotations with Great Britain at 487 15 16 demand and 488 3 8 cables. Other major rates included France at 3 93 9 16 and 3 93 13 16 cables, Belgium 13 95, Germany 23 92 1 2, and Shanghai 69 12 1 2. Montreal shown at 99 85 115 16.
MENTIONED IN THIS ARTICLE
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentina
Brazil
Tokyo
Shanghai
Mont-real
New Orleans Cotton Mixed After Weekend Narrow Session
In New Orleans on May 26 trading in a short cotton session was light as traders waited for the weekend. Prices slipped seven to eight points early before a rally to 20.52 for July and 20.34 for October, about 11 points higher. After renewed selling, prices eased to end the day 1 to 4 points higher and the market closed steady.
MENTIONED IN THIS ARTICLE
New Orleans
Cotton Fire Destroys MT. HOLLY Loading Platform
A blaze at the Piedmont and Northern railway loading platform in MT HOLLY destroyed about 500 bales owned by American Yarn and Processing company and cotton valued at around 50 000 dollars. Cotton from Tuckaseegee Manufacturing company was saved. The origin of the fire was undetermined.
MENTIONED IN THIS ARTICLE
MT. Holly
Piedmont and Northern Railway
American Yarn and Processing Company
Tuckaseegee Manufacturing Company
Cotton futures close steady with small gains in New Orleans
Cotton futures in New Orleans finished steady with modest advances of one to four points. Trade showed slight strength across the session with varying highs and closes near session ranges for January, March, July, October and December maturities.
MENTIONED IN THIS ARTICLE
New Orleans
P.C
Spot Cotton Charlotte May 26 1978
Spot cotton in Charlotte on May 26 stood at 1978 centi bales per day with no notable swings. Trade activity remained slow as markets awaited further reporting and guidance from commodity exchanges.
MENTIONED IN THIS ARTICLE
SPOT
Charlotte
Spot Cotton
Quiet Market in Cotton Goods Sees Price Drops
New York May 26. Cotton goods markets report a quiet primary division with lighter demand and production curtailment. Prices ease for print cloths and sheetings, while ginghams fall to about 2 cents a yard below spring levels. Trade on towels and bed spreads grows cautious as stockpiles tighten and some lines see price reductions amid strike-related slowdowns.
MENTIONED IN THIS ARTICLE
New York
New Bedford Mills
Italia Seeks Allied Help In Missing Dirigible Rescue
Italy asks Norway to aid in locating the missing dirigible Italia and its party. Built by General Nobile, Italia is a sister ship to Norge used by Roald Amundsen and Lincoln Ellsworth in 1926. Italia features three motors and reinforced ice avoidance design.
MENTIONED IN THIS ARTICLE
Oslo
Norway
General Nobile
Norge
Nobile
North Polie
Roald Amundsen
Lincoln Ellsworth
Weather Outlook for the Week in South Atlantic and East Gulf
The forecast calls for mostly fair weather in the first half of the week with a chance of local thundershowers later. Temperatures start below normal and then near normal as the week progresses.
MENTIONED IN THIS ARTICLE
South Atlantic
East Gulf States
Cottonseed Oil Prices Steady in Quiet New York Market
Cottonseed oil closes firm but quiet in New York. Prices for prime summer yellow and prime crude mixed around 1040 to 1065 with June to December contracts quoted. Sales total 1,800 units.
MENTIONED IN THIS ARTICLE
New York
Cotton futures close report
Futures settled with gains across most contracts. January through December positions showed mixed highs and lows, closing near session highs for several months.
Weather and cotton market update with regional notes
Temperatures rise slightly in Texas with light rains in western Tennessee and north Mississippi and North Carolina. Forecast for Saturday favors eastern and central belts with generally fair, warmer conditions. the western belt may be partly cloudy. The Egyptian cotton market shows a small improvement. STANLEY.
MENTIONED IN THIS ARTICLE
Texas
West Tenn
Mississippi
North Carolina
Stanley
Sale of Lexington Ave Service Station in 1928
Notice of sale of stock of merchandise and service station equipment to A M Thrower. New operator will conduct the business and assume all obligations. Previous owner A P Guyer disclaims responsibility for post sale obligations. Dated May 5 1928 Lexington Ave Service Station Lexington.
MENTIONED IN THIS ARTICLE
A. M. Thrower
Lexington Ave
A. P. Guyer
Hinkle Elected Treasurer of NC Retail Merchants
Thomas C. Hinkle of Lexington was elected treasurer at the North Carolina Retail Merchants Association annual convention in Elizabeth City. Herbert O. Sink of Lexington was re elected field secretary and chosen as business manager of The Virginia Carolina Retailer, now The Carolina Retailer, official publication of the group.
MENTIONED IN THIS ARTICLE
Lexington
Thomas C. Hinkle
North Carolina Retail Merchants Association
Elizabeth City
Herbert O. Sink
Merchants’ Organization
Austrian scientist adapts butterfly eye as photographic lens
An Austrian scientist has transformed a butterfly's eye into a functioning photographic lens. The feat demonstrates new principles in optical design by using natural microstructures to capture and focus light.
Divorce suit and public sale notices in High Point court
Notice includes Julius S. Hammett v Sallie Hammett for absolute divorce on grounds of pregnancy at marriage. Court date set for June 25 1928. Also advertisement of real estate sale by trustee A P Grice on June 28 1928 in High Point detailing property on English Street beginning at a stake.
MENTIONED IN THIS ARTICLE
City of
High Point
Municipal Court
City of High Point
R. M. Caudle
J. A. Myatt
Sale Under Deed of Trust in Guilford County Court House
By authority in a Deed of Trust from April 28 1927 by Jerry and Lelia Corbett the Guilford court will sell cash at public auction at the Greensboro court house on Tuesday June 19 1928 between 12 noon and 2 pm. The land described covers 96 14 acres more or less and is conveyed to satisfy the note secured by the Deed of Trust after default in payment.
MENTIONED IN THIS ARTICLE
Jerry Corbett
Lelia Corbett
Register of Deeds
Guilford County
Court House
Greensboro
N. C
David W. Henley
Obed Thrift
Lamb
David V. Henley
David Henley
Henley
P. M. Thornburg
Carolina Mortgage Company
Gulilford County
Sale of land under deed of trust in Guilford County
Notice of sale of land by Citizens Bank of Norfolk Virginia trustee, or A P Grice trustee, upon default in payment. Property on north side of Boulevard Avenue 105 feet from Lindsay Street, described by bearings and distances. Attorney J A Myatt dated 5-26-6-2-9-16.
MENTIONED IN THIS ARTICLE
Elmer D. Hedrick
Octavia Hedrick
Citizens’ Bank of
Norfolk
Virginia
A. P. Grice
Register of Deeds
Guilford County
North Carolina
Citizens’ Bank of Norfolk
High Point
Boulevard Avenue
Boulevard Ave
Lindsay Street
J. A. Myatt
Ernest P. Loflin
Mamie Loflin
North
H. George Hedrick
Norah Hedrick
Boulevard A Ave
Deed of Trust by Ernest and Mamie Loflin June 1927
A deed of trust executed by Ernest P. Loflin and wife Mamie Loflin dated June 1 1927 is recorded. The document appears in the public records detailing a trust securing property obligations.
Deed of trust on High Point property by Hedrick couple
Carolina Mortgage Co trustee notes default on deed of trust by H George Hedrick and wife Norah Hedrick. Property described on Boulevard Ave and Ridgecrest Dr in High Point Guilford County with Lot 165 of T Y Hamilton subdivision No 2 and historic chain of title tracing to Thornburg prior deeds.
Notice of Sale of Land in Guilford County North Carolina
Public auction to the highest cash bidder at Greensboro court house door on June 12 1928 at 2 pm for property in High Point North Carolina described as 5150 square feet with a front on North Hamilton street. The sale enforces a mortgage from J M Harrison and Janie Cook Harrison to G B Miller dated April 9 1927 and subject to a first deed of trust to Carolina Mortgage Company and to 1927 1928 taxes and unpaid street assessments. Mortgagee is G B Miller and assignee Atlantic Bank Trust Co. Attorneys Austin Turner.
MENTIONED IN THIS ARTICLE
State OF
North Carolina
Guilford
J. M. Harrison
Janie Cook Harrison
G. B. Miller
Office of Register of Deeds
Guilford County
Atlantic Bank & Trust Company
Court House
Greensboro
High Point
Hamilton Street
Richardson Street
W. H Culler
O. A. Kirkman
Carolina Mortgage Company
Office of the Register of Deeds
Atlantic Bank % Trust.co
Austin & Turner
High Point Machine Works, Inc
Credit Interchange & Adjustment Bureau, Inc
High Point Machine Works, Incc
Register of Deeds
High Point Township
Hamilton Streets
High Point Machine Works
Clay and
Said Street
Hamilton and
Mallory Streets
Credit Interchange & Adjustment Bureau
ING
Roberson, Haworth & Reese
East Side
Greenaboro
Louise Avenue
North Hamilton
Burns) Street
Jackson Street
Johnson Place
E. Newton Allen
E. N. Allen
John Young
Home Investment Company
Elizabeth DeBell Young
W. T. Taylor
Wallace F. Brown
Special Election and Voter Registration in High Point NC
City to hold a special election July 8 1928 to decide issuance of up to 200000 in bonds for a city hospital and a six cent tax levy for maintenance. Registered voters may re register June 4 to June 23 1928 with six precinct polling places and listed registrars and judges.
MENTIONED IN THIS ARTICLE
High Point
N. C
North Carolina
City of
Chamber of Commerce
Globe Industrial Bank
North Wrenn Street
George W. Lowe Motor Co., Inc
Elwood
South Main Street
South Wrenn Street
Evans Store
Mangum Avenue
J. R. Stone
E. J. Edwards
J. W. Hayworth
J. E. Wagner
C. A. Smith
Harold Ryan
J. L. Sechrest
A. M. Upshaw
F. M. Wright
Baxter Ridge
W. M. Kinney
G. T. Royals
Z. M. Silman
J. O. Coltrane
R. L. Spencer
J. E. Horney
A. G. Burchfield
Howard Steele
G. A. Kerr
R. L. George
Will Peebles
ED. L. Ragan
Notices of Foreclosure and Real Estate Sale in Guilford County
Multiple foreclosure notices list properties in Guilford County including the P M Thornburg deed of trust with a June 12 1928 sale at Greensboro court house. Additional notices involve E Newton Allen Annie H Allen and High Point Machine Works Inc with a public sale scheduled June 18 1928 for three tracts of land in High Point Township and related buildings and equipment. Trustees are W T Taylor and Wallace F Brown with Credit Interchange & Adjustment Bureau Inc as trustee.
Also Mentioned on This Page
Yadkin River
Chicago Livestock
N. O. Cotton Futures
Italia
Hinkle
Julius S. Hammett
Sallie Hammett
Carolina
English Street
Burton Street
Ss. Carter Williams
Ridgecrest Drive
Plummer
Cline
T. Y. Hamilton
H. C. Setzer
Bertha L. Setzer
Co. F. Barton
Mary E. Barton
Carolina Mortgage CO
Richmond
Annie H. Alleéh
D. H. Parsons
Atty
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