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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 27, 1934
Page
11
Stocks eased amid profit taking as traders absorbed a tempered four day rally. Utilities bore the brunt of selling while bonds held firm and rails showed cautious rebound on expectations Congress may aid the sector.
New York butter trading at 15,392 unsettled. Creamery milk first grade 88 to 91 scoring, 27 to 29 cents. second grade 84 to 87 scoring, 26 to 26 1/2 cents. centralized 90 score 28 cents. other grades unchanged. Cheese market quiet at 481,539 total, prices unchanged.
In New Orleans the cotton market opened active and firmer. Early trades showed gains of 7 points on December and 4 to 6 points on later months with March and May adding a point. Prices later eased 1 to 3 percent as traders took profits, leaving Dec at 12.49, March 12.62, and May 12.63.
New York Boggs New York November 27 Eyes 15 275 irregular. Mixed colors firsts 28 28 percent seconds 22 percent other mixed colors unchanged.
Chicago markets show butter and egg prices moving weakly with creamery specials at 93 score 29% extras 92 28% extra firsts 90 91 at 27 28% and standard grades 26% Good tub sales noted with numbers for extras and firsts across 28% levels Current egg receipts weak with extra firsts around 30% and graded firsts 27 28% refrigerators firsts 21% standards 21% and extras 21% No egg titles reported.
New York cotton futures opened firmer with 5 to 8 point gains as buyers from Liverpool, Bombay and Japan entered the market. Dec at 12.50, Jan 12.59, Mar 12.63, May 12.63, Jul 12.60, Oct 12.22. Volume eased after initial demand. March slipped from 12.62 to 12.06 as the market held about 2 to 3 points up for the half hour.
Trustee will sell at 11:00 A M on Saturday December 29 1934 the property at 503 Edgedale Drive High Point described as the northerly portions of late No 93 and 04 Emerywood addition. David M Jester and Lois M Jester mortgaged it, default occurred, Metropolitan Life Insurance substituted trustees, details in Book 527 Page 505 and Book 741 Page 485.
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