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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 23, 1927
Page
22
Prices were unsettled in the New York stock market on Saturday with ongoing volatility among high priced specialties. The report notes continued market unsettledness and observers awaiting further guidance as trading resumed.
A broad market decline featured heavy selling across rails and industrials with many issues off 10 to 30 points from the year’s highs. Baldwin Locomotive slipped to 241 1/2 then rebounded to 252 1/2 on short-covering. U S Steel and General Motors hit fresh lows, while a few names like Dodge Bros ptd rose on dividend assurances. Foreign exchanges stayed steady as the weekly reserve deficit widens to 43.58 million against last week’s surplus.
Foreign exchanges held firm in New York with quotations in cents for major currencies. Rates listed include Great Britain around 486.5 to 487.4, France near 3.92, Germany 2.3875, Argentina 4.275, Brazil 11.95, Tokyo 46.45, Shanghai 6.2500, and Montreal 100.99, reflecting steady activity.
To prepare butter for sandwiches add a spoonful of hot water and work it until the butter becomes soft and pliable. This method yields a smooth spreadable texture suitable for even layering on bread.
A Raleigh report highlights North Carolina non metalic resources as key state wealth. Fire clay in multiple counties fuels brick and tile industries, while triassic shales near Sanford Deep River area underpin coal and sewer pipe production. Feldspar output climbs to lead the nation, and rare pyrophyllite found in Moore and Chatham counties adds ceramic value. Stone from Rowan, Surry and Cherokee counties gains national use with Hillsboro volcanic deposits offering new building material potential. The annual mineral value exceeds six million dollars with growth expected.
Weeklong outlook shows pronounced reactionary drift in speculative markets as leading stocks fall 10 to 30 points wiping out billions. Rail and industrial averages weaken while rails remain 15 points above lows and industrials 25. Brokers loans surge near 3 billion, signaling ongoing market volatility. Metal furniture finds demand in tropical markets for termite resistance.
A special communication of Numa F Reid Lodge No 344 A F and AM invites all Master Masons to attend Monday at 7 30 p m for work in the Master Masons Degree. By order H C Massey W M W E Herndon Sec.
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