Credit Rally Spreads as Stocks Jump on Liquidity News
Wall Street rallied with gains led by pool shares and defense of call money at 7 percent. News centered on potential world crude curtailment plans and a record $410,000 sale of New York Stock Exchange memberships as investors priced in higher advertising rates at Butterick.
MENTIONED IN THIS ARTICLE
Sctanley W. Prenosil
AP Financial
New York
lWd
London
New York Stock Exchange
Walter C. Teagle
Standard Oil Go
New Jersey
Europe
Montgomery Ward
Arthur W. Cutten
Chicago
American Machine Foundry
Motor Products
Warner Bros
Radio
General Electric
Union Carbide
International Nickel
National Biscuit
Butterick
Crop report trims 1928 corn yield. grain markets rally
Chicago grain prices moved higher as government crop data cut the 1928 corn yield estimate to 141 million bushels below private forecasts. The nine state forecast corn output totals 2.011 billion bushels, down from 2.088 billion a month earlier. Corn finished 1 to 2 percent higher, wheat near unchanged to 5 cents up, oats up fractions, and provisions mixed.
MENTIONED IN THIS ARTICLE
Chicago
Cotton declines on bearish crop view and Liverpool weakness
The New York cotton market fell as government crop reports and better South weather fed pessimism. Prices traded near day lows with active months down 20 to 30 points despite occasional rallies from covering and trade buying.
MENTIONED IN THIS ARTICLE
New York
South
Liverpool
Stock Market Sees Mild Correction Amid Nine Percent Money Rates
A seven percent time money rate and an upward revision to eight percent on call money accompanied by a weakened technicals prompt a modest stock market retreat. Analysts note past upswings of 20 to 25 points are usually followed by 4 to 10 point pullbacks before resuming gains.
MENTIONED IN THIS ARTICLE
New York
Standard Statistics Company
Cotton futures close steady in New Orleans
In New Orleans on September 11 cotton futures closed steady with a net decline of 14 to 17 points. The market showed opening at 1724, high 1780, low 1706, and close at 1724 with 1739 reported as the previous close.
MENTIONED IN THIS ARTICLE
N. C
New Orleans
P.C
Debutantes in Colorful Gowns Set Washington Social Pace
Washington debutantes abandon white gowns for colors this season and will hold coming out parties on Christmas Eve and Christmas Day. Notable debutantes include Miss Marian Jardine, Peggy Tyner, and Teresa Carmalt, with events planned at the Willard and Mayflower hotels beginning in November.
MENTIONED IN THIS ARTICLE
Washington
Peggy Tyner
Teresa Carmalt
Sue McNamara
Uncle Sam
Alice Davis
Secretary of War
Alice
Celeste
Rael
Phyllis
Adair
Mignon
Teresa
Willard Hotel
Marian Jardine
Alonzo Tyner
Mayflower Hotel
Joseph C. Carmalt
Stock Opinions From Halle Stieglitz And Others
Halle and Stieglitz suggest confining new commitments to sound specialties not yet active. Hornbrower Weeks expect some stocks and groups to hold steady despite a delayed reaction. Hirsch Lillenthal remains optimistic on higher quality industrials for the week. P F Cussick notes oil shares gaining recognition amid anticipated improved earnings in second half of 1928 by J S Bache and Co.
MENTIONED IN THIS ARTICLE
Halle and
Stieglitz
Hornbrower
Weeks
Hirsch Lillenthal
J. S. Bache and CO
Hornblower & Weeks
Jackson Bros
Coming Events Highlight Seasonal Credit Demand Rise
The item notes a growing demand for credit in agriculture and commerce as seasonal growth continues. It signals expectations of continued borrowing and financing activity among farmers and businesses this period.
Renewal of Irregularity in Daily Call Money Rates
A renewal of irregularity will be witnessed in the daily rates for call money. Price fluctuations in the great body of stocks may again be expected to be more responsive to daily and even hourly developments in the financial situation.
Cotton market report from Liverpool on Sept 11
Moderate business done with lower prices across grades. American cotton dominates sales at 5,800 bales out of 7,000. Receipts total 7,000 with 2,100 American. Futures closed quiet and steady with mixed nearby prices.
MENTIONED IN THIS ARTICLE
Liverpool
Stocks and Cotton Market Roundup
Stocks opened higher but midmorning gains faded as call money rose to 6 3 4 percent and time money jumped to 7 percent. Analysts expect some carryover selling but see no lasting bear trend as bullish signals from General Electric and steel tonnage buoy outlook. Cotton and weather notes retail outlook varied with bearish local sentiment unless bad weather spurs buying.
MENTIONED IN THIS ARTICLE
New York
Call Money
Time Money
General Electric
Armour
Mississippi
Alabama
Texas
Worth Street
Stock Gossip: Grain and Cotton Opinions From Market Firms
Bartlett Frazier notes little wheat upside except low prices and expects government data to steer new crop futures. Logan Bryan say Canadian wheat weakness favors bulls. corn is debated with dips as buying signal. Bache expects temporary corn rallies and lower prices. Orvis, Keech and Wade Bros project mixed cotton moves with potential bargains and weather risks.
MENTIONED IN THIS ARTICLE
Bartlett Frazier
Bache
Logan
Bryan
J. Fy Glare & CO
Wade Bros
F. B. Keech
Orvis Bros
Hubbard Bros
Directors Reelected And Dividend Declarations Across Firms
Vanadium Corporation directors reelected and Constas directors meet today. General Tire and Rubber Co declares a regular quarterly dividend on preferred and record date September 20. Western Union directors meet at 2 30 p m for dividend action. Federal Reserve banks loans and discounts rise to 15 846 885 000, up 117 578 000. Alabama Power and Southeastern Power and Light announce regular dividends on various preferred and common stocks. Canadian Pacific weekly gross 2 249 000, down from 3 787 000 last year. Agriculture Department pins corn crop at 2 931 000 000 and all wheat at 901 000 000. Industrial and rail averages listed. J F Clark & Co.
MENTIONED IN THIS ARTICLE
Vanadium Corporation
Constas
General Tire and Rubber Co
Western Union
Federal Reserve
Alabama Power
Southeastern Power and Light
Canadian Pacific
Department of Agriculture
J.F. Clark & CO
Cotton Letter Reports Mixed New York Liverpool Signals
New York to Liverpool exchange notes present at 12 15 pm with dates Oct 26 Dec 20 Jan 24 Mar 24 indicating American points lower than due. Spot sales reported at 7 000 with mid at 999. Southern weather last night.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Market opinions on wheat and corn from multiple brokers
Stein Alstrin & Co notes no immediate change in markets. Bartlett Frazier sees little in wheat beyond low price, with no rise in outside buying. Wade Bros suggests wheat may turn and advocates accumulation on minor rallies. James E. Bennett expects heavier cash absorption for price support and predicts corn will find good support at easy spots.
MENTIONED IN THIS ARTICLE
Stein Alstrin & Co
Bartlett Frazier
Wade Bros
James E. Bennett
Cotton Opinions on Prices and Purchases Decline
Wrenn Bros and Williams Travers discuss profits on declines amid supposed price fixing near 18 cents. Wade Bros and Keech Co note a superficial drop but dispute its merit while Hentz expects little decline and favors buying after a scale. Bacher Co. notes improved technicals and a stock market upswing with prices likely to follow steady conditions.
MENTIONED IN THIS ARTICLE
Wrenn Bros
Williams & Travers
Wade Bros
F. B. Keech & Co
H. Hentz
Bacher Co
Call Money Rates Hint at Upward Revision if Unchanged
Analysts at J. S. Bache & Co warn that no revision upward in the call money rate would imply higher prices. A secondary dip is expected on Thursday but not larger than an ordinary technical affair.
MENTIONED IN THIS ARTICLE
J. S. Bache & CO
New Orleans Cotton Dips On Government Report and Liverpool Cables
New Orleans cotton prices slipped today influenced by the recent government crop report and lower Liverpool cables. Hedge selling and sustained long interest liquidation pushed values lower with October around 17.10, December near 17.15, and January reaching new lows.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Market Report Notes Cotton Exports and Prices
The report notes a range of prices and closes around 17.11 or 29 to 31 points below the prior close. Exports for the day totalled 27 033 bales, reflecting ongoing trade activity and demand for cotton.
Columbia man dies by his own hand in Wales Gardens
Harold E. Way former secretary and treasurer of the Carolina Joint Stock Land Bank shot himself at his home in Wales Gardens Columbia South Carolina. A note said ill health prompted the act.
MENTIONED IN THIS ARTICLE
Columbia
8. C
Harold E. Way
The
Carolina Joint Stock Land Bank
Wales Gardens
Father thanks Nanzetta for cure of High Point boy
The father of Wm. D. Lewis recalls his son's psoriasis cure about four years ago by Nanzetta. Lewis details months of itchy blisters, sleepless nights, and ineffective remedies before using a salve that ended his suffering in a month. He endorses Nanzetta's Remedy for Psoriasis.
MENTIONED IN THIS ARTICLE
Nanzetta
Wm. D. Lewis
High Point
Weeping Eczema Cured in Six Weeks
A Lynchburg Virginia resident J P Daniels reports two years of weeping eczema on both feet with frequent blisters. After four doctors and no relief he tried Dr Nanzetta's treatment for six weeks, claiming 100 percent improvement at a cost of 13 50, previously spending over 100. Notary J A Long confirms Daniels signed the statement.
MENTIONED IN THIS ARTICLE
Mr. J. P. Daniels
Wadsworth St
Lynchburg
I. J. P. Daniels
J. P. Daniels
State of Virginia
J. A. Long
Couldn’t Walk a Step Until He Took Nanzetta’s Remedy
Roy Baker of Danville Virginia testifies on December 2 1927 that rheumatism in December 1926 left him unable to walk. He says after trying several treatments Nan Zetta’s Prescription produced relief from the first bottle and after six bottles his pain vanished and he never missed work. The statement is sworn before Notary Jacob Silverman in Danville Virginia.
MENTIONED IN THIS ARTICLE
Nanzetta
Roy Baker
Danville
High Street
State of
Virginia
Nanzetta's Worm Remedy Reported to Expel Worms
A caregiver describes giving Nanzetta's Worm Remedy to a restless infant, who allegedly passed three large stomach worms after one night and ten more the next day. The notice lists symptoms such as pale lips, dark eyes, nose picking, sweets craving, fretfulness, night agitation, stomach pain, bed wetting, and swollen stomach.
MENTIONED IN THIS ARTICLE
Nanzetta
Rev Yeaman Praises Nanzetta's Indigestion Remedy
The speaker testifies that Nanzetta's Special Treatment for indigestion has greatly benefited him and yielded more satisfactory results than any other medicine. He recommends it unhesitatingly.
MENTIONED IN THIS ARTICLE
Rev. Yeaman
Nanzetta
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Carey J
Davis
North Main
Commercial National Bank
Adams Mills
Atchey
Ajax
St Amn
Tel
Tel Ee Ee
Amn
Loco Ee
Amn Smelters
Amn Can Eee
R. Eer
Allied Chemo
Bosch
Beth Steel Os
Bucyrus Erie
Chile
Cero DePasco
Conti Motors
Congress Cigar
Congoleum Ee
Chrysler Motor
Asso Drygoods Eee
Ee. A
Dupont de M
Elec Power Lite Co
Erie Ry
Fleischmann “Ee
Famous Players
L S F Ry
Freeport Tex Ef
Fisk Rubber
Il Fox Film
Genl Elec Fe
Gimbel Bros
Gulf States Steel
Ae Ae
Hudson Motors
Hupp Motors
Howe
Kresge Et
Lehn and Fink
Miami
North Am Co
Sid Natl Cash
Nash Motors O. Ote
Willys Overland Eeeere
Otis Steel
Pathe
Park Tilford
Park Utah
Phil Pete
Poe
Pierce Arrow
Packard
Awe
Eas
Tron Steel
Rock Island
Ene
Rem Rand
Sears Roebuckee
Studebaker
Sinclair Oil
Timken
Tex Gulf Snr
Tex Pac Land
Tob
Tex Corpn
Union Pac Ry
United Cigars
NY NH
Hw Ry
Viviadou
Eee
Te Vick Chem
Mo. Io
Wabash Ry
White Motor
West Air Bk
West Elec
West Md. Ry 'Ee Eee
Warner Bros. Pre Ee
Seaboard Ry. Ee
Amn Wool
Etaoil
Etaoshroll Crucible Steel Ace
Dunlap
Hutchen’s
Stamey
Chassware
Dr. C. M. Simpson Co
44Th St
Clevelan
Whitney
J. F. Clark & CO
Coton
Manchester
Stanley
Oklahoma
Fort Smith
Missouri
Katie Pullman
Cincinnati
High Point, N. C
Jacob Silverman
Danville Baby
W. T. Yeaman
Bassett, Va
Nanetta
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