Market Reverses After Early Drops
The stock market reversed a morning drop with a brisk midday rally as declines in the general list and amusement issues were erased. Optimistic business signals from Mellon and lower call money renewed bullish sentiment, with several issues posting gains amid renewed gold import hopes and steady advancements by Chrysler Packard Graham Paige and others.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Treasury
Mellon
England
Canada
Sterling Exchange
Warner’ Bros. Common
Fox Film
Stanley
Curtiss
Keith Albee
Victor Talking Machine
Briggs
Wright
Standard Commercial Tobacco
Chrysler
Packard
Graham Paige
Davison Chemical
Mid-Continent Petroleum
Cerro de Pasco
Rails
Srength
St. Louis Southwestern
New Haven
Millionaires Rise Since 1923 Estimated Boom
An estimate indicates the number of millionaires has grown by about 00 percent since 1923, reflecting a sustained rise in affluent individuals over the period.
Market cautiousness amid trading rally and profits shift
New York market notes a cautious tilt after yesterday’s rally as ample call money at 7 percent and steel reviews spur broad gains, followed by profit taking. Analysts foresee irregular trading, with stronger stocks offering chances to convert gains into cash and await favorable repurchase opportunities amid ongoing uptrend. J. S. Bache and Co. highlights NC R and other speculative plays with growth this year and bright outlook.
MENTIONED IN THIS ARTICLE
New York
J. 8S. Bache and CO
Market Odds Slight Hesitation After Brokers Loans Rise Report
After the close, markets are expected to show hesitation amid a volatile list. Some stocks trade at prices seen as inflated though the spread of speculation varies by issue. J Bache and Co notes upcoming broker loan data may influence sentiment.
Stock opinions from Wall Street traders outline sectors to watch
Henry G Lachman foresees an upturn led by rails oils and coppers. Wewman Bros expect reces sions in rails oils and utilities. Josepthal believes copper stocks will rise. Hirsch Lilenthal says the market will likely be subjected to re-
MENTIONED IN THIS ARTICLE
Henry G. Lachman
Wewman Bros
Josepthal
Hirsch Lilenthal
Action at Times But No Clear Sign of Decline
The report notes activity around Times with cautious language, suggesting ongoing momentum but stopping short of predicting a sharp downturn. No definitive evidence of a major decline is presented, leaving analysts wary but hopeful.
MENTIONED IN THIS ARTICLE
Bache and CO
Cotton Opinions Cite Mixed Market Outlook From Experts
Mirsch Lilenthal notes no new factor to stimulate buying while Williams and Travers predict moderate setbacks will absorb hedge selling and offer purchase opportunities. Wrenn Bros expect a quiet market ahead of crop developments. Keech says current market shows no sharp move but remains in a strong technical position.
MENTIONED IN THIS ARTICLE
Bache
Bubbard Bros
F. B. Keech
JNO
F. Clark & CO
Metals market roundup New York and East St Louis data
Copper firm at electrolytic spot and futures 14 percent up. Iron steady. Tin firmer with spot 4750 4762 and futures 4675. Lead steady at spot 640 and East St Louis 625. Zinc firm with East St Louis spot and futures 625. Antimony 1075. Quicksilver 130.00.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Turpentine and Rosin Firms Report Financials in Savannah
Savannnah reports Turpentine firm 4614 with sales 326 receipts 592 shipments 278 stock 35252 and Rosin firm with sales 599 receipts 2188 shipments 1863 stock 138034. Quote lists BDEF GHI K 800 M 805 N 815 WG 915 WW 30 Rose.
MENTIONED IN THIS ARTICLE
Savannah
Turpentine
Rosin
Rose
Cotton futures close report with varied contract figures
Cotton futures closed with multiple contracts showing opening highs lows and closes. Oct at 1777 1783 1754 1780 1862 Dec 1763 1772 2781 1752 1780 Mar 1757 1762 1743 1746 1781 May 1760 1763 1744 1746 1780.
MENTIONED IN THIS ARTICLE
New York
P.C
Gmu
Davidson County Fair Preparations Underway in Lexington
Preparations are rapidly moving for the Davidson county fair to be held in Lexington on September 25 to 29. Dave Leonard is general manager this year and is booking attractions. C A Sheffield and Miss Elizabeth Cornelius will lead farm and home demonstrations with county manufacturers expected to exhibit. Local schools are set to participate as usual.
MENTIONED IN THIS ARTICLE
Lexington
Dave Leonard
C. A. Sheffield
Elizabeth Cornelius
Revival series to begin at South Lexington Methodist
A series of evangelistic services will start Sunday at 11 o clock at South Lexington Methodist Church. Rev A Ridge pastor says Rev N G Bethea of State Street Church will preach. services run nightly at 7 30 for a week to ten days. Bethea is noted as a leading Methodist Protestant preacher in the state.
MENTIONED IN THIS ARTICLE
Lexington
South Lexington Methodist Protestant Church
A. Ridge
N. G. Bethea
State Street Church
Bethea
Methodist Protestant Conference
Belt replaces suspenders in Lithuania
In Lithuania the belt is becoming the preferred alternative to suspenders, reflecting a shift in everyday attire and fashion habits.
MENTIONED IN THIS ARTICLE
Lithuania
Grussing Accident Kills Seven Near Gary Crossing
Seven people die and one is gravely injured when a westbound Grand Trunk freight hits an automobile at a Gary area grade crossing. Victims include D. C. Pollock of Lilbourn Missouri and C. C. Mainord of Mathews Missouri, with family members and two young children among the dead. The car was en route to Flint Michigan.
MENTIONED IN THIS ARTICLE
Gary
Ind
Grand Trunk
D. C. Pollock
Newsome's Second Appeal Dismissed In North Carolina
Raleigh date September 13 Larry Newsome a young African American faces execution in the electric chair on September 28 for the December murder of a Wayne County girl. The Supreme Court dismissed his second appeal from the death sentence and the date will be fixed for execution on the third Friday after the dismissal unless further steps are taken.
MENTIONED IN THIS ARTICLE
Raleigh
Larry Newsome
Wayne County
Supreme Court
Josephus Daniels Opens Wake Forest Session 1928
Raleigh report says Josephus Daniels editor of Raleigh was principal speaker at Wake Forest as it opened its 1928 29 session. Registrar E B Earnshaw bursar noted 602 students registered near the prior session total.
MENTIONED IN THIS ARTICLE
Raleigh
Josephus Daniels
Wake Forest
E. B. Earnshaw
Foreign exchange rates steady in New York market
Foreign exchanges remained stable in New York on September 13 with demand figures cited for Great Britain France Italy Belgium Germany and other major currencies. Quotes show varied nominal rates across currencies including Tokyo Shanghai and Montreal with several 13 figures and fractions.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czechoslovakia
Jugoslavia
Austria
Rumania
Argentine
Brazil
Tokyo
Shanghai
Montreal
Cotton Market Shows Moderate Activity and Lower Basis
In New Orleans on September 13 trading was moderately active with prices slipping as hedge selling and freer offerings pressuring values. October and December futures dipped below 17 cents to 16.91 and 16.99 respectively, down about 35 points from yesterday, while exports for the day reached 5,948 bales.
MENTIONED IN THIS ARTICLE
New Orleans
Texas
Cotton market slips in New York as southern selling rises
Renewed weakness follows prior rallies as Liverpool stays easy and favorable southern weather feeds selling. Prices fall 30 points or more from the previous close, with mid afternoon declines of 30 to 34 points and new movement lows amid moderate trading.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Cotton futures close barely steady in New Orleans
In New Orleans on September 13 cotton futures closed barely steady with a net decline of 41 to 43 points.
MENTIONED IN THIS ARTICLE
New Orleans
Cottonseed oil prices steady in New York market
Cottonseed oil closed firm in New York trading on September 13. Prime summer yellow 9.75 and prime crude 7.62% 87% led a list with futures for January through December quoted between 9.57 and 9.84. Sales totaled 22,800 barrels.
MENTIONED IN THIS ARTICLE
New York
Money rates in New York on Sept 13 show firmer loans
Coll money ease persists with high 7 12, low 7, ruling rate 7 44, closing bid 7. Time loans firmer with mixed collateral issues. 60 90 days 7, 4 6 months 6. Prime mercantile paper 54%. Bankers' acceptance unchanged.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile Paper
Liberty bonds and treasury quotes steady in New York
Liberty bonds listed with 3s at 98.21 and 1st 4s at 100.29. Liberty 3rd and 4th 4s at 100.1 and 100.29. Liberty 4 4s 111.14. Treasury 3s at 98.31. Market notes dated September 13.
MENTIONED IN THIS ARTICLE
New York
Sept
Liberty
Treasury
Origin of the phrase stony-broke tied to debt
The term stony-broke traces back to a historic practice of breaking a craftsman’s stone bench when debts remained unpaid. This phrase’s origin reflects harsh debtor consequences and old social customs.
Market Tips Emphasize Caution Amid Rumors and Gains
The note describes a broad late selling push driven by rumors of a Federal Reserve warning on speculation. It notes mixed effects on equities, with some stocks retreated from highs while others show strength. Recommendations urge buying on any reaction if a warning is issued, highlighting U S Steel Fox Theatres American Sugar and Standard Commercial Tobacco with earnings and dividend expectations.
MENTIONED IN THIS ARTICLE
Federal Reserve
Commission House
U. S. Steel
Fox Theatres
Roxy Theatre
American Sugar
Stock market brief with factory and utility updates
Youngstown makers of full finished steel sheets booked six to eight weeks ahead. Carnegie Steel operating at 75 percent capacity. Subscriptions to offerings reach 550 million dollars with over a billion dollars in aggregate subscriptions and 102.821 million in third 4s tendered. Warner Bros. acquires Stanley Co. terms give 80 Warner 4 percent preferred for 100 Stanley shares plus 8 Warner common and $57.50 cash for 20 Stanley shares. redemption on December 1. Postal Telegraph declares initial quarterly dividend of 1 percent on preferred payable October 1. record September 21. Metropolitan Edison declares regular preferred dividend. Sparks Withington reports year ending June 30 earnings of 9.03 per share. Western Union July operating income 1,142,200 versus 1,077,000 last July. seven months 8,471,000 vs 8,455,000. Rochester Gas and Electric year ended July 31 earnings 13.75 per share vs 13.48. American Gas and Electric declares quarterly common dividend 25 cents payable October 1. preferred 1.50 dollars.
MENTIONED IN THIS ARTICLE
Youngstown
Carnegie Steel
Treasury
Warner Bros
Stanley Co
Stanley
New Warner
Warner Common
Postal Telegraph
Metropolitan Edison
Sparks
Western Union
Rochester Gas and Electric Corporation
American Gas and Electric
Copper Stocks Forecast Lead by Anaconda Stronger Prices Seen
Stock opinions from Hornblower Weeks Josephthal Halle Stieglitz and MO F Clark & Co project rising copper shares led by Anaconda as the largest integrated producer. They identify attractive high priced names including U S Steel and General Electric amid continued demand and specialities in chemicals dairy and machinery sectors.
MENTIONED IN THIS ARTICLE
Hornblower & Weeks
Anaconda
Josephthal & Co
Halle & Stieglitz
National Dairy Products
International Mach
American Home
Childs Electric
U. S. Steel Common
General Electric
MO. F. Clark & CO
Rail Group Seen Attracting Attention In Markets
Coming events note that the industrials movement may pause as traders lock in gains before the close today, while the rail sector is anticipated to draw greater market focus.
MENTIONED IN THIS ARTICLE
New York
Dividend Payouts Include Multiple Securities Today
JNO. F. CLARK & CO reports extra dividends across several issues. ALO common and preferred, BB preferred, CES preferred fixed at 1 percent. EI and FLT offer cash and stock components. First National Pictures 2 and WDA preferred show 1 percent.
MENTIONED IN THIS ARTICLE
First National Pictures
WDA
JNO. F. Clark & CO
New York Market Update and Weather Outlook
New York reports show cotton futures lower despite some gains in specific dates. Weather across the eastern belt remains unsettled with showers in the east and fair in the south, Texas and Oklahoma. A tropical storm south of Puerto Rico moves west northwest with hurricane force winds. Traders cite weather as the key to prices, with bearish sentiment prevailing on demand and crop prospects.
MENTIONED IN THIS ARTICLE
New York
Liverpool
South Carolina
Arkansas
Oklahoma
West Texas
MO. F. Clark & CO
Grain Opinions Forecast Cautious Trading in Corn and Wheat
Hubburd Warren notes a friendly stance toward December corn and other new crop futures amid weak spots. Bartlett Frazier observes ongoing short covering in wheat with a sold out condition and a shift in sentiment in corn. Logan and Bryan predict a two sided wheat market awaiting rallies while corn trading remains active.
MENTIONED IN THIS ARTICLE
Hubburd Warren
Bartlett Frazier
Logan & Bryan
MO. F. Clark & CO
Wheat and corn market shifts surprise bears and bulls
Chicago traders note a surprising rise in wheat while corn faces disappointment for bulls though some pros turn bullish on the new crop. Bulls cite weather and export demand with Europe already taking large quantities and early feeding limiting surpluses.
MENTIONED IN THIS ARTICLE
Tribune
Chicago
Europe
JO. F. Clark & CO
Amundsen Plane Part Found in Tromson Strait wreckage
A fragment believed to be part of the wing of the Latham seaplane carrying Roald Amundsen and five others was found in the southern Strait of Tromson. French naval experts will examine the relic aboard the Strasbourg, confirming the expedition's fate.
MENTIONED IN THIS ARTICLE
Oslo
Norway
Roald Amundsen
Strait of Tromson
Latham
Rene Guilbaud
Amundsen
Lieut
Lief Dietrichsen
Frank Page Urges Traffic Police System in North Carolina
Raleigh Sept 13 Frank Page highway commissioner urged creation of a state traffic police system and a licens ing statute to hold drivers legally responsible He said these measures would cut North Carolina s yearly toll of about 600 deaths and more than 4000 injuries as appalling and heinous.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Frank Page
Franklin County Shifts to Raleigh Court District
Franklin county has been moved from the Durham federal court district to the Raleigh district by Judge I M Meekins. The judge said the change was for the greater convenience of attorneys witnesses and other court attendants.
MENTIONED IN THIS ARTICLE
Raleigh
Franklin County
Durham Federal Court District
I. M. Meekins
Meekins
Coolidge to Engage More in Republican Campaign
President Coolidge plans active involvement in the campaign to keep the Republicans in control. He conferred an hour and a quarter with Herbert Hoover at the White House after returning from northern Wisconsin, and may speak in New England during his forthcoming tour. Hoover briefed Coolidge on the national race and Wisconsin prospects from Cedar Island lodge.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Coolidge
White House
Republican Party
Herbert Hoover
Wisconsin
New England
Hoover
Cedar Island Lodge
Brule River
Quiet Elopement Sealed With Brass Band Fanfare
Wealthy Chicago yachtsman Gordon Clark and Miss Virginia Bowers of Little Rock wed quietly in Judge Lindsay's courtroom at 2 30 pm. A press-room tipster led reporters and cameramen to witness the ceremony as onlookers packed the room. Clark, previously divorced in 1926 by Florence Burkhard Clark, will sail with his bride from New York for Europe tomorrow.
MENTIONED IN THIS ARTICLE
Chicago
Gordon Clark
Virginia Bowers
Little Rock
Ark
Federal Building
Clark
Florence Burkhard Clark
Thompson
New York
Europe
Cottonseed Oil Prices Close Quietly For Summer
Cottonseed oil closed easy with prime summer yellow at 8.70 and prime crude at 7.75. Futures show January 8.80 February 8.87 March 8.95 September 8.70 October 8.75 November 8.76 December 8.77.
MENTIONED IN THIS ARTICLE
N. O
Cottonseed Oil
New Orleans
Nervous Headache Relief Story From Black-Draught
Mr. Charles F. Todd of Estesburg says weekly nervous headaches forced him to quit work. After using Thedford’s Black-Draught he stopped migraines, now doses a few times monthly with no headaches in six months. The remedy costs one cent per dose and is available today.
MENTIONED IN THIS ARTICLE
Wavriesburg
Thedford
Charles F. ‘Todd
Estesburg
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Bayer
Washington, D. C
VIA
Southern Railway System
High Point
N. Y
Crescent Limited
Pullman
Southern Railway
R. H. Graham
Charlotte, N. C
J. 8. Bache & Co
Commercial National Bank
Adams Millis
Ateh Ry Sree Ee
Ajax
Allied Chem
Amn Intl Corp
Bosch
Lee Ees
Beth Steel
Buevius Erie
Chile
Contl Motors
Chrysler Motor
Dodge Bros Motor
D and H Ry Co
Elec Power Lite Co Se
Fleischmann E
T&s
St L S F Ry
Freeport Tex
Fisk Rubber
Eee Ewe
Fox Film A
Elec
le Genl
Gimbel Bros
Go Goodrich
Hartman
Hudson Motors
Hupp Motors
Roy Howe Sound
Coca Cola ce jeres e+venlL
Kresge
Gn Vp
Kelly Springfield
Ken
P Lorillard - Ee
Lehn and Fink Tee
Mont Ward
Miami
North Amn Co
Fe Te 76 76 le 75 Sste . 90 Go Si 904 Natl Cash Regash Motors
Willys Overland
Otis Steel
Pathe
Park Tilford E
Park Utah
Phil Pete
Isle
Penna Ry
Pierce Arrow
Pan Pete
Postum
Rep Iron Steel
Sears Roebuck Owe Oe
Studebaker
Stewart
Secu Dairies
Simmons Bed
Sinclair Oil
Tex Pac Land
Tex Corpa
U S
United Cigars
Viviadou
Vick Chem “Ene
Victor Talk
White Motor
West Air Bk
West Elec
Enous
West Md Ry Se
Warner Bros Eee
Seaboard
Ry Ee
Crucible Steel
Youngs Sheet
Woolworth Ee
U S Steel
Gear Motors
J. 8. Bache and CO
Davinson County
Mackmen
Connie Mack
Ira Thomas
Howard Ehmke
Howard Smith
Dearborn
Mich
Flint
Michigan
Newsome
N. O. Cotton
N. O. Cotton Futures
Whitney
Raleigh Court District
Ty James L. West
Miss Virginia Bowers
Leilene
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