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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Oct 03, 1928

Page

9

Trading Nervous and Mart Breaks

The stock market fell sharply on large loan fears then partially recovered as pool trading resumed in several specialties. Call money steadied at 8 percent, then eased to 7 1/4 percent. Major losers included Montgomery Ward Curtiss Wright and Dupont while Murray Pierce Oil and National Dairy hit new highs amid strong Reo Motors and Mack Trucks moves.

Stanley W. Prenosil New York Stock Exchange Commission House Montgomery-Ward Curtiss, Wright Commercial Solvents Timken Dupont Radio Murray Corporation Pierce Oil National Dairy Products Reo Motors Mack Trucks

Gringo is Mexican term for an American

A historical note explains that in Mexican usage the word Gringo refers to an American. The term appears in discussions of ethnolinguistic labels and cross border slang.

Miller's Herb Extract Promise from local user

Mrs. Nannie Collins of Winston-Salem reports relief after using Miller's Herb Extract or Herb Juice for chronic constipation indigestion and related ailments. She credits the remedy with restoring her health and urges others to obtain it from Hart Drug Co or local druggists.

Nannie Collins East Twenty-fifth Street Winston-Salem N. C

Market Rally Cooled by Broker Loans at Bankers Meet

Morning Stock Letter notes concern over broker loans and call money as Bankers association convention continues. After a late session rally, overall ground lost remains substantial with expectations of further liquidation. Investment stance favors using rallies to trim speculative holdings and avoid overvalued issues while some strong technicals persist.

New York Bankers Association Stock Exchange J. S. Bache and CO

Cotton futures close steady with slight declines in New Orleans

In New Orleans on October 3, cotton futures finished steady with net declines of 13 to 14 points. Prices ranged with October at 1854 and 1948 for later contracts, while December and January dipped to the mid- to high 1840s.

N. O New Orleans P. C

New Orleans cotton opens steady then weak on liquidation

The New Orleans market started with a six to eight point rise due to Liverpool cables and early buying but soon weakened as liquidation grew from favorable weather and crop commentary. December fell to 18.40, January 18.37, March 18.31, then mid session traded around 18.43, 18.39 and 18.33 as declines persisted.

New Orleans Liverpool

Chicago Livestock Prices Steady to Higher on Oct 3

Hogs 12,000 head, top 11.30 for 190-240 lb loads. cattle 10,000 head, calves 3,000 with steady to uneven trade. fat cows and butcher heifers mixed. Slaughter steers 950-1500 lb range 14.25 to 17.50, fed yearlings 13.25 to 17.00. bulls 9.50 to 10.75. vealers 15.50 to 16.75. Sheep 25,000 head with slow fat lamb trade, natives around 13.00 to 13.35. ewes 4.25 to 6.75. feeder lambs 12.25 to 13.35.

Chicago Livestock Chicago

Linnaeus and the Roots of Modern Classification

The 18th century botanist Karl von Linnaeus originated the system that classifies plants and animals, creating the foundation for modern taxonomy and scientific naming conventions.

Karl von Linnaeus

Broad buying lifts Chicago corn as supplies tighten

Chicago on October 3 saw broad buying push corn prices higher while wheat slipped. Trade leaders say U S corn has an inside track abroad for new corn and prices are strong for old corn. Market chatter suggests few receipts ahead and lower stocks by the start of the new harvest. Wheat rose or fell fractionally as oats held steady.

Chicago United States

Commodity prices steady on Chicago futures markets

Chicago prices for grains and fats hold steady with No 2 hard wheat at 1.18 and No 3 northern spring at 1.15 percent range. Corn No 2 mixed 90 91 and No 2 yellow 99. Oats No 3 white 41 43 and No 4 white 40 41. Rye No 4 95 144. Barley 65 72. Timothy seed 64 0 9. Cloverseed 22 900 30.00. Lard 12.17 ribs 14.25 bellies 15.00.

Adams Millis Ee Ese Een Arch Ry Ae Erense Ajax Eee Amn Tel Tel Eeenres Amn Smelters Ee Intl Corp ‘Ee Bosch “Ee Barnsdale Corp E· Am B & O Ryom Beth Steel Eereees Briggs Body Bucyrus Erie E Chile Cie Chas & Ohio Ry Erie Fisischmann Fox Film ‘A Gimbel Bros Ee Howe Sound CIA Intl Tel & Telee Nickel Comb ‘Eaeeeoaesetee Intl Cement Eeesereev Eee Ind O11 Keith Albee Emeee Kelly Spgtfield Kennecott Cop Meyers Tobeese Ludlum Steel Lorilliard Marland Oil Mont. Ward Miami 3, Ltd. Oil N Y Eaere North Amn Co Ooa Om Natl Cash Reg O Nash Mtrs O Willys Overland Ee Otis Steel One Cue Pathe Ee Park Tilford Park Utah Ee Rock Island Radio Corp. O Hk. R. J. Reynolds Onorere Sears Roebuck Studebaker Stewart Warner Tex Corpn West Elec Eco Cameos West MD Ry Cemecem Warner Bros. Tee Er E.eene Seaboard Ry E-- Amn Crucible Steel Youngs. Sheet Chicago

Money Rates Report From New York on Oct 3

Call money eased with high 8 and low 7 percent, ruling at 8 and closing bid 7. Time loans remained firm with mixed collateral for 60-90 days at 7 percent and for 4-6 months at 7 percent.

New York

New Orleans Spot Cotton Closes Steady Down 11 Points

New Orleans market reports spot cotton closing steady with a decline of 11 points. Daily sales total 3,966 bales while receipts reach 12,573 and stock stands at 139,842 with price levels listed for low middling to good middling.

New Orleans

Goodyear rights issue and oil market headlines

Goodyear stockholders offered rights to subscribe to four shares for each five held at 50 dollars per share to fund plant expansion. Prairie Pipeline reported September crude deliveries and domestic output figures, while gasoline stocks fell. Market indicators show mixed activity as FTC hearings are resumed and notable figures like Clarence W. Barron are reported dead.

Goodyear Tire and Rubber Columbia Carbon Company Prairie Pipeline Bureau of Mines American Pete Institute Stock Exchange Chevrolet Motor Company Federal Trade Commission Clarence W. Barron JNO. F. Clark & CO

Cotton market and Nash Motors report from Fort Worth

The note covers cotton prices and weather in the southern belt with spot market totals and projected U S crop. It also reports Nash Motors stock activity with planned production capacity rise to 1200 cars daily by Jan 1 1929 and a six dollar dividend. Clark & Co notes strong earnings outlook and speculative potential.

Nash Motors Nash

Stock Gossip and Opinions From Market Firms

Daily market notes cited by MO. F. Clark & Co with opinions on cotton grains and stocks. Pynchon Hubbard Keech Hirseh Lil Stein Alstrin Bartlett Frazier and Jo. F. Clark & Co offer views on recessions, buying, hedging, and potential price moves for cotton, grains, and equities. Potential diversions in rails and further advances anticipated amid bullish signals and trading advice.

Hubbard F. B. Keech Hirseh Lil MO. F, Clark & CO Josephthal Halle & Stieglitz Hornblower & Weeks JO. F. Clark & CO

Stanley Weather and Harvest Report Forecast

Weather forecast notes warm temperatures with light to moderate rains in Texas and scattered showers in Georgia. The Stanley weekly summary reports mostly fair picking and ginning in eastern and central belts including Arkansas and Oklahoma, with some stoppages due to heavy rains and an expected harvest report of 14,000,000.

Stanley Texas Georgia Arkansas Oklahoma JNO. F. Clark & CO

Market activity shows gains in futures and grains

Chicago reports lively trading and higher futures prices with export demand and tight farm stocks. Wheat and oats advance with wheat lifting to around 13.44 cents while oats stay near initial levels. provisions move downward as the market reacts to Liverpool wheat gains.

Chicago Liverpool

Liverpool cotton market reports steady prices in London trade

Cotton spot sales reached 8 000 bales with 5 700 American as receipts rose to 1 000 bales and futures closed barely steady. Prices listed for American and other grade categories show slight revisions with October through July contracts quoted around 9.97 to 9.72.

Liverpool

Foreign exchange rates quoted in New York on Oct 3

Mixed bank quotations list demand and cable rates for currencies including Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Jugosavia Austria Romania Argentina Brazil Tokyo Shanghai Montreal with figures in cents and percent.

Foreign Exchange New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland

Potatoes Market Mixed as Receipts Rise in Chicago Trade

Chicago reports show 152 carlot receipts on the track and 479 in transit, totaling 1028 cars shipped nationwide. Markets remain dull with varied prices for sackings of different potato varieties across states, including Wisconsin round whites, Minnesota Irish cobblers, and Idaho russets, all priced within slight ranges.

Chicago USDOA U. S Wisconsin Minnesota North Dakota Red River Ohio South Dakota Idaho Rurals Western Bliss Triumphs

Dairy prices steady as New York markets report receipts

Butter remains steady with 17,029 received as creamery prices rise above extra and various scores. Cheeses hold firm with a large 142,158 receipts. Market notes include percentage gains for creamery and flat products across scores.

New York

Sugar Market Steady as 21000 Cuban Bags Sold for October

Raw sugar held firm in New York with 21 000 bags of Cuban grade sold for October shipment to an outport refiner at 3.89 duty paid.

New York

Whitney Predicts Early Week Secondary Market Reaction

Whitney says a secondary market reaction was expected early this week and developed yesterday. He cites continued liquidation by commission houses prompted by letters and wires urging stock liquidations for several reasons. He expects the secondary reaction to be completed today.

Commission House Whitney

New York Cotton Opens Steady Then Falls on Liquidation

The New York cotton market opened steady with a 2 to 5 point gain on overnight buying but soon declined as liquidation and local and southern selling intensified. Prices fell to December 18.93 and March 18.80 before minimal recoveries in late morning trading. Two private reports estimated the season’s condition around the mid 53s with yields near 13.8 to 14.8 million bales.

New York Weather Bureau

World Series Broadcast on Two Radio Chains

The world series will be aired on two radio chains with games starting at 1 10 p m eastern for New York games and 2 10 p m eastern for St Louis contests. Graham McNamee and Philips Carlin will host for NBC while CBS will have Major J Andrew White and Ted Hiussing providing play by play. Stations listed include WEAF WGN KSD WBAL WOR WMAQ and others on NBC and WBAC WOR WBBM WNAC WADC on CBS.

New York National Broadcasting Company WEAF WIN WEEI WTIC WJIAR WTAG WCSH WPC WGY WTAM WWJ WGN KSD Wwoc WHO Wow WBAF KVOO WFAA KPRC WOAI KOA WTMJ WCCO WHAS WMC WSB WBAL WIR KYW KWK WGR WBZ WBZA KPO KGO KOMO KFI KHQ KGW Columbia WBAC WOR WBBM WMAQ WCAU WNAC WEAN WFBL WMAK WJAS WADC WKRC WGHP WOWO KNOX KMBC WICC WHK

Sarazen and Barnes Even on 18 at Balti more

Gene Sarazen and Long Jim Barnes battled to an even 18 holes in the second round of the national professional golf championship at Five Farms course Baltimore. Sarazen overcame a late deficit to take the lead in the second nine but Barnes squared the match at the final hole.

F. G. Vosburgh Associated Press Five Farms Baltimore Gene Sarazen Long Jim” Barnes Gene Barnes

Also Mentioned on This Page

Mart Hart Drug Co J. S. Bache & Co Commercial Bank N. Y Chicago Grain Chicago Cash Grain Clevenburg Worth Street JNO, F. Clark & CO MO. F. Clark & CO LYON Lyon Furniture Mercantile Agency Alabama California Colorado Florida Illinois Iowa Kansas Maine Maryland Mass Michigan Missouri Montana Nebraska N. Hi N. Jersey N. York N. Car N. Dakota Oregon Penn St. Louis Chichesters BYERT Crosley Showers Brothers Rose Furniture Company English Street
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