Stocks Rally After Liquidation Weakness in Early Trading
The market faced forced liquidation with many issues down 6 to 32 points, then rallied as strong buying support emerged. Volume stayed heavy with over 5 million shares traded by mid day while rail traffic and steel demand showed softness and broker borrowings were expected to fall. Strong recoveries included U S Steel, General Electric, Johns Manville, Consolidated Gas, and Atchison as prices rebounded from declines.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
Associated F Press
New York
New York Federal Reserve Bank
Chicago & Northwestern Railroad
National Tea
American Machine & Foundry
International Cigar Machinery
Vulcan Detiining Company
U. S. Hoffman Machinery
U. S. Steel Common
General Eilectric
Johns Manville
Consolidated Gas
Atchison
Liverpool Cotton Prices and Sales Report
Liverpool on November 7 reports spot cotton prices easing with steady futures. American grades show 3,500 bales among 7,000 total sales. receipts at 18,000 with American share 12,900. Futures closed steady with December 9.26 and October 9.52, other months listed.
MENTIONED IN THIS ARTICLE
Liverpool
Butter Prices Hold Steady Amid Mixed U.S. Supplies
Chicago facts show butter markets weak with 5337 receipts including creamery extras and various standard grades. Extra firsts range 40 to 41, firsts around 37 to 38, seconds 36 to 36.1. Butter firm with 1769 cases received and prices unchanged.
MENTIONED IN THIS ARTICLE
Chicago
Hoover Chooses Diplomatic Heads for South and Central America
President Hoover plans to announce a full list of new heads of American diplomatic missions in several South and Central American nations within a week. Reported retained incumbents include Moore in Peru Culbertson in Chile Bliss in Argentina Morgan in Brazil and others in Venezuela Uruguay Guatemala and Cuba. Open postings include Colombia Ecuador Paraguay Bolivia Panama Honduras Nicaragua El Salvador and Costa Rica.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Alexander P. Moore
Peru
William S. Culbertson
Chile
Robert Woods Bliss
Argentina
Edwin V. Morgan
Brazil
George T. Summerlin
Honduras
Venezuela
Leland Harrison
Sweden
Uruguay
Sheldon Whitenhouse
New York
Guatemala
Harry F. Guggenheim
Cuba
South
Central Americas
Colombia
Ecuador
Paraguay
Bolivia
Panama
Nicaragua
San Salvador
Costa Rica
Tariff debate cites steel profits to back manganese duty
Senate debate cites profits of eight steel firms including United States Steel Bethlehem Iron and Steel Gulf States Inland and Republic to argue for a manganese tariff The figures cover 1922 to 1928 with yearly profits and total net profits cited Ashurst pressed the case while Smoot and Simmons weighed propriety and impact
MENTIONED IN THIS ARTICLE
Ashurst
Wheeler
Montana
Hoover
Senate Finance Committee
Smoot
Arizona
Treasury Department
Finance Committee
Simmons
N. C
Senate
Arizonan
United States Steel Corporation
Bethlehem Steel Corporation
Gulf States Steel Company
Inland Steel Company of Chicago
Republic [Iron and Steel Company
Otos Steel Company
Chicago Livestock Market Report Chicago Nov 7
Incoming cattle and hog totals from Chicago show hog receipts 55 000 with direct 6 000 and top 9 20. Cattle receipts 9 000 calves 2 000, sheep 11 000. Prices span hogs 8 25 to 9 20 per hundredweight and cattle 12 50 to 17 76 for slaughter classes with various weights and quality levels.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
France Creates Air Police to Enforce Flight Rules
The French president signed a decree establishing an air police force with authority to enforce air regulations and to pursue and apprehend pilots who violate them.
MENTIONED IN THIS ARTICLE
France
Stock Quotations Listed for Continental Oi Sou Vick Adams Millis
A brief listing of stock quotations with figures for Continental Oi Sou Corp Vick Finance Adams Millis and Macy's. The data shows percentages such as 9 percent for 2016 and 12 percent or 13.5 percent in the latest figures.
MENTIONED IN THIS ARTICLE
Continental Oi
Sou Corp Vick Finance
Adams Millis . Com
Lou Macy's
McGhee Funeral Held at Jamestown
Funeral services for Mrs. Hiram McGhee were conducted at the Jamestown home at 11 a.m. conducted by Rev. R. E. Hunt of the Jamestown M. E. church. Burial followed in Deep River cemetery. Pallbearers included R. H. Hayworth G. L. Taylor E. B. Armstrong William R. Futrell B. A. McGhee and C. Robbins. Flowers were placed by a group of Mrs. Hayworth Robbins Hoover Harney and others.
MENTIONED IN THIS ARTICLE
Hiram McGhee
Jamestown
R. E. Hunt
M. E
Deep River
R. H. Hayworth
G. L. Taylor
E. 8. Armfield
William R. Futrell
B. A. McGhee
C. Robbins
S. C. Robbins
W. E. Ewing
M. F. Hoover
J. A. Harney
E. A. McGhee
Robbins
Kins
A B C to Meet At Wesley Memorial
The High Point American Business club meets tonight at 6 45 at Wesley Memorial church. The Ladies' Aid flower show and bazaar are underway. A post dinner business session will discuss a mock trial to raise funds for the club's Christmas charity.
MENTIONED IN THIS ARTICLE
High Point American Business Club
Wesley Memorial Church
Ladies’ Aid Society
Country Club
Potatoes Market Sluggish as Receipts Rise in Chicago
Potatoes receipts reach 99 cars in Chicago on November 7 with total U S shipments at 569 cars. Market remains weak and trading slow. Wisconsin round whites bring 2.25 to 2.50 per hundredweight while Minnesota North and South Dakota sacks fetch 2.00 to 2.25. Early Ohio sacks quoted 2.60 to 2.25 and Idaho sack russets 2.00 to 3.00.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Wisconsin
Minnesota
North
South Dakota
Idaho
Egg prices in New York steady on strong receipts
Eggs in New York on November 7 held steady as receipts reached 26,077. Mixed colors fresh gathered extra sold 56 to 68 cents per dozen with extra first 51 to 65 cents. nearby hennery brown fancy to extra fancy 61 to 56 cents.
MENTIONED IN THIS ARTICLE
New York
Hennery
Wheat surges on eastern buying amid export demand
Chicago grain notes a sharp rise in wheat led by an eastern trader with export demand for North American wheat over 1.25 million bushels. Corn and oats rise, while provisions show mixed moves. market reacts to near loan levels from the federal farm board and prior price drops. Illinois records show 79,725 marriages in 1928 and 15,708 divorces versus 1927 figures.
MENTIONED IN THIS ARTICLE
Chicago
Federal Farm Board
Lord— Ig Esse Ee
Cava
Illinois
New Orleans Cotton Opens Steady With Gains
New Orleans November 7. The cotton market opened steadier on overnight buying and firmer Liverpool cables with gains of 4 to 5 points. Early trades showed December at 17.11 and January at 17.23, about 6 to 7 points above yesterday's close. The softer start disappointed some traders.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
New York cotton opens steady with gains and light offerings
New York cotton opened barely steady with a gain of 9 points to a decline of six as trade buys and covering supported prices. Active months rose while offerings remained light after yesterday’s heavy selling. early demand was readily supplied but then strengthened due to stock market weakness with December at 17.09 and March at 17.52 by midmorning.
MENTIONED IN THIS ARTICLE
New York
Former State Senator Stubbs Paralyzed by Stroke
Williamston reports Harry W. Stubbs former State Senator suffered a stroke of paralysis on the street while waiting for an auto to take him to the fair grounds. His left side was paralyzed and speech slightly affected. Physicians expect recovery, noting the stroke was slight.
MENTIONED IN THIS ARTICLE
Stubbs
Williamston
Harry W. Stubbs
Fair Grounds
Loganberries: Hybrid of Raspberry and Blackberry
Loganberries are produced by crossing raspberries and blackberries. This fruit results from a deliberate cross between two popular berries, yielding a tangy, purple-red berries used in jams desserts and beverages.
Industrial Commission Reports Eight Fatalities in Early Accidents
North Carolina industrial commission reports 13,339 accidents through November 1 with 48 fatal cases. Statistics by David Easterling show 2,032 awards so far, 8,309 cases, 5,030 open, 1,746 agreements approved, 286 modifications, 66 hearings docketed, 40 held, two appealed to the full commission and one to superior court.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina Industrial Commission
David Easterling
State Fair To Run Next Year Despite Deficit
Raleigh officials announce the state fair will operate in October 1980 despite a deficit of 38 653.17 carried from 1928 1929 combined fairs and exposition. Governor Gardner said a continuation is mandatory under the 1927 state fair act after talks with officials and the budget commission.
MENTIONED IN THIS ARTICLE
Raleigh
Q. Max Gardner
State Advisory Budget Commission
Dennis G. Brummitt
Gardner
General Assembly
Whooping Cough And Scarlet Fever Rise in North Carolina
RALEIGH Nov 1 - The State Board of Health Bureau of Epidemiology reports increases in whooping cough and scarlet fever for the week ending November 2. There were 138 cases of whooping cough and the count for scarlet fever rose accordingly.
MENTIONED IN THIS ARTICLE
Raleigh
Bureau of Epidemiology
State Board of Health
Disease outbreaks report shows varied cases last week
Last week 14 scarlet fever cases were reported along with 138 the week before. Diphtheria cases numbered 2 last week versus 278 prior. Eight cases of smallpox occurred, plus one typhoid fever and one measles case.
MENTIONED IN THIS ARTICLE
Ing Enough
Gator Captain Secretly Wed Before Public Ceremony
BRONSON Fla Nov 7 County Judge J C Sale says Rainey Cawthon captain of the University of Florida football team and Sarah Payne of Nashville were secretly wed August 15 in New York The judge notes the couple later held a public wedding in New York as the Florida team visited Harvard with Cawthon’s teammates at the ceremony.
MENTIONED IN THIS ARTICLE
Cawthons
Coner
New York
Florida
Harvard
Cawthon
Kiwanians Vote To Redistrict Carolina
Kiwanians of North and South Carolina approve a plan to divide the Carolinas' district into nine divisions, replacing six. The vote occurred at the convention in Greenville with T. W. Crewe presiding. An amendment on district election officers was also adopted.
MENTIONED IN THIS ARTICLE
Greenville
S. C
North South Carolina
Carolinas
Pein Hotel
T. W. Crewe
Goernor
England's first girl traffic conductor opens career
A 23 year old blonde woman begins her duties on the Portsmouth Road as England's first female traffic conductor. she starts work amid interest in expanding women’s roles in public service.
MENTIONED IN THIS ARTICLE
Cer
Portsmouth
England
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B & O Resemma
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Beth Steel
Chrysler
Coca Cola
Col Puuel
GOA
Bi Kim Seace
Davidson Chem
30 Drugs Inc
Dupont Aee Wee
Lt Cog
Erie
Gen Cigarines
Elec Cit Bey
Gen Motors Om
Cessm
Liggett and Myers
Ieeees
Louisville & Nashville
Lorillard (Pierre
Ward
Wisewes
WYRE
Norfolk & West
Ceeeveae Ingueluoir
Asteceescees
Vochelg Aa
Pan Am Pet
Pamt Fam Lasky
Oom
Penn FE
Gos
Siwwons
Sinclair Con Oil
St. Oil
Eek Saas
Iwi
United Cigars
JS Rubber
Vick
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Westinghouse Flee
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A. Arnold
Senate Lobby Committee
Southern Tariff Association
Lorenzo A. Wilson
Fletcher and
Trammell
Watson
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High Point Battery CO
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