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This newspaper page contains 33 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Sep 15, 1928

Page

5

Cotton goods at lower prices sell better in New York

Unfinished cotton goods demand rises after the August crop report. Print cloths sales near restricted production while narrow sheeting and coarse sheetings book orders. Denims and ticking drop to a yard. other reductions announced on chambrays and work suit materials. Prices span print cloths at 6c to 7c, brown sheetings 12.5c, denims 2.20s, tickings 8-oz 21c 22c, and dress ginghams 12c 15c.

New York Southern Standard

Turpentine and Rosin Trade Figures Reported

In Savannah on September 15 the turpentine firm posted sales of 46 1-2, receipts 511, stock 25 914 and no shipments. Rosin business showed sales 1 413, receipts 1 939, stock 186 634 with no shipments. Quoted prices include B 6.06 Mm 8.19 IN 8.20 WG 9.25 WW X 9.35.

Savannah

Cottonseed oil prices steady across summer contracts

New Orleans notes steady closing for cottonseed oil with price quotes in prime summer and crude markets. Futures listed for January through December show values around 880 to 905, including September and October at 890.

Trust deed sale on Greensboro lands in 1928

Trustee Central Bank & Trust Co will sell at public auction on October 19, 1928 at noon at the Greensboro courthouse door the property known as 599 to 609 State Street Greensboro Guilford County North Carolina to satisfy a $15,000 note secured by a deed of trust dated April 2 1928 executed by H C Simpson and wife Mary E Simpson.

Market Faces Narrow Range After Sept Spike

The Morning Stock Letter notes the market trading within a three point range since Sept 1, with many stocks moving but the key average industrial price showing little swing. A potential distribution area may form after weeks of gains, and a breakout above Sept 7 or below Sept 10 could signal new trends.

Closing Cotton Letter Signals Narrow Trading Range

After an initial drop of 5 to 10 points the market held near opening lows. Southern hedge selling was heavy while large contracts were scaled down and shorts covered amid fear of tropical disturbances hitting Florida and Georgia. Manchester Textile conditions fed renewed agitation though weather remained generally favorable for harvest with expected ongoing hedge selling and gradual price declines.

Florida Georgia Manchester

Whitney notes broad late selling and holiday impact

Whitney reports an exceptionally broad selling movement in the final hour driven by weekend profit taking and a holiday impact. A subsequent drop in Warner Bros adds to the pressure, but the market absorbed the shifts in a satisfactorily manner and could hold stocks over the weekend.

Whitney Warner Bros J. 8S Bache & CO

Wheat Prices Rise in Chicago on Higher Liverpool Quotations

Wheat tended upward in Chicago as Liverpool quotes exceeded expectations with corn showing strength. Traders avoided speculative selling unless on a strong upturn, opening fractional gains before some resistance. Oats remained firm and provisions held steady.

Chicago Liverpool

Market Outlook Shifts as Rails and Oil Stocks Draw Interest

Henry G Lachman notes strong gains in high grade rails while Jackson Bros foresee buoyant oil stocks. E F Hutton expects rails to gain attention with Katy and Erie leading. E A Pierce predicts softer money rates soon offset broker loans rise. J Bache & Co echoes cautious optimism.

Henry G. Lachman Jackson Bros E. F. Hutton Katy Erie E. A. Pierce

Market closes hint at narrow trading ahead of week

Closing stock letter notes selling wave and a cautious market. It says prices must cross this month’s high or low to trigger swings and expects a fairly strong Monday opening. The tone remains cautious about near term direction.

Liverpool cotton closes lower on morning trade

Morning cotton price trends show Liverpool closing 15 to 20 points lower than expected. Holiday in Egypt affects markets. Spot sales reported yesterday across eight Southern markets totaling 57 968 bales.

Liverpool

Cotton Opinions Tilt Toward Profit Amid Price Views

Williams and Travers believe cotton bought on small setbacks will be profitable. Wrenn Bros doubt current cotton prices are high. Wade Bros expect prices to continue.

Williams

Weather Calm, Prices Likely to Ease on Cotton Market

Report notes good weather that should aid cotton crop progress and hint at price declines. James E Bennett predicts soft market pressure. J S Bache & Co comments on supply conditions and potential price movement.

James E. Bennett J. S. Bache & CO Wade Bros Pynchon Hubbard Bros JO. F. Clark & CO

Kelly Might Regain Consciousness Today

Edward B. Kelly a New York businessman showed improving condition in Asheville where he was found after a fifty hour disappearance. Doctors believed he would regain consciousness today as his semi conscious state lessened and he could take small amounts of liquid food.

Asheville Edward B. Kelly New York

Commerce says business volume up for week ended Sept 8

The weekly commerce department report shows higher check payment volume than the prior week and the same period in 1927, with optimism in automobile production centers despite seasonal factors.

Dept. of Commerce

Crown Prince Humbert of Italy Near 24 and Wary of Bride

Rome reports mark the prince Humbert of Piedmont turning 24 as Italian public and press debate whether he will marry this year. Rumors link brides from Belgium or Romania, with Belgium’s Princess Maria Jose seen as favored by some, while Swedish or Italian noble matches are also discussed.

Rome Prince Humbert Piedmont Humbert Italy House of Savoy Maria- Jose Belgium Albert Ileana Rumania Hungary Ingrid Sweden United States

Robinson at Jacksonville Florida welcome for vice presidential candidate

U S Senator Joseph T Robinson arrives in Jacksonville to campaign for the Democratic ticket. Local leaders greet him as crowds gather for an 8 pm address at the Municipal Armory with broadcasts planned from WJAX and park speakers.

Jacksonville Fla U. S Joseph T. Robinson Florida United States Duncan A. Fletcher Senator Robinson Municipal WJAX Atlanta Robinson Joe Robinson Atlantic Seaboard Jefferson Jackson Georgia Smith Miami Savannah New York Washington City Auditorium Tammany Hall Congress Hoover

Broad market rally follows holiday trading and Warner drop

Weekend profit taking softened by Jewish holiday buying, with Warner Bros. collapse absorbed. U S Steel eyed 160, Westinghouse hit new highs, Packard above 90, Texas Corp under 72, Marland recommended, Standard Tobacco declares 10 percent dividend. Shorts pressuring Freeport Texas. analysts warn on earnings at Sept. 20 meeting.

New York Warner Bros. Pictures U. S. Steel Westinghouse Electric Packard Motor Texas Corporation Marland Standard Commercial Tobacco Freeport Texas

Local group drafts bill banning married women employees

A St. Paul organization opposed to hiring married women with no dependents has prepared a bill for introduction in the 1929 legislative session forbidding employment of married women in any state department.

ST. Paul

Cotton Letter Notes Turbulent Trade and Weather Signals

Liverpool closing prices show American cotton under pressure with spot sales at 5,000 bales and futures down from yesterday. Tropical storm moving northwest toward the South Atlantic coast prompts cautious buying, while Missouri Arkansas Louisiana and northern Alabama report pink bollworm damage threatening yields. London spinners federation proposes two week mill shutdowns before October end. Memphis reports widespread pink boll rot. potential large crop loss unless hot spell resumes.

Liverpool Arkansas Oklahoma Fair Texas Turk Island Atlantic Worth Street London Spinners Federation Memphis

International Oil Talks and Stock Plans Reported

W. C. Teagle of Standard Oil discusses conferences abroad on world oil issues with prospects for clearer global understanding. Fox Film plans to offer 150000 shares of class A stock at 85 dollars per share, one for four held. Market notes cite crop frost protection gains while fall buying slows. Dun's reports broader commercial activity emerging.

W. C. Teagle Standard Oil New Jersey Fox Film Corporation Bradstreets Dun Standard Commercial Tobacco

Stock Gossip and Profit Taking Advice

Hornblower & Weeks suggests taking profits as the market sends a signal for a step. Despite potential strength over the weekend, accepting profits liberally is viewed as sensible. Jackson Bros foresee buoyant trading in good oil stocks with Katy and Eric prominent signaling attention.

Hornblower & Weeks Jackson Bros E. F. Hutton Katy Eric

Chicago Livestock Show Slower Hogs and Steady to Lower Rates

Chicago market summary shows hogs 3,000 head with values mostly steady to 10 cents lower for up to 250 pounds, top 13.25 for a load around 185 pounds. cattle 1,000 head up 25 to 40 cents on medium weight steers and yearlings, high demand for choice grain fed heifers, fat cows and bulls firm to higher. sheep 5,000 head with fat lambs 1.25 to 1.50 lower for the week, feeding lambs up 25 to 35 cents.

Chicago

Foreign exchange rates mixed in New York market

The New York foreign exchange market showed mixed quotes on Sept 15 with Britain at 4.84, cables 4.85, France around 3.90, Italy near 5.23, and various bid rates for Belgium, Germany, Norway, Sweden, Switzerland, Spain, Greece, Poland, Czechoslovakia, Yugoslavia, Austria, Romania, Argentina, Brazil, Tokyo and Shanghai.

New York Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho-Slovakia Jugo-Slavia Austria Romania Argentine Brazil Tokyo Shanghai Montreal

Wheat market trends and corn buying stance noted

Bartlett Frazier Wheat foresees further gains in northwest selling regions. Stein Alstrin Wheat hints at a temporary upward change in trend Friday. Logan Bryan observes a friendly buying side for wheat on setbacks and expects December corn to attract buyers. MO F Clark & Co.

Bartlett Frazier Stein Alstrin Logan & Bryan MO. F, Clark & CO

Wheat Market Shows Increased Foreign Buying Interest

Wheat shows more disposition to respond to foreign buying and local operator accumulation. Bearish conditions appear discounted at current values while markets seem oversold. Export business edges up and corn strengthens as short sellers waver. Lighter cash and September positions emerge as smaller traders exit.

Tribune

Cottonseed Oil Prices Move Firm in New York Trades

Cotton seed oil market closed steady with prime Summer yellow at 975 and prime crude 775 800. Futures posted varied quotes with January 976 February 975 March 992 April 995 Sept 975 October 985 November 963 December 970. Total sales 2 100.

New York

Cotton Opinions Bache The Action of the Market

The market shows lower prices with some new bullish incentives noted by Bache. The report cites dampened demand and cotton futures edging downward while speculative activity considers potential rebounds driven by seasonal demand and supply signals.

Bache

Spinners Seek Short-Term Curtailment of American Cotton

In Manchester on Sept 15 the Master Cotton Spinners Federation urged its members to press American cotton spinners to curtail production from now until end of October. The measure is described as a fort night stoppage to ease the global trade slump and prevent further burdens on the American spinning section during the extended low demand period.

Manchester England Master Cotton Spinners Federation Federation

Tobacco Co ops Press Debt Payments in Receivership

Receivers of the Tobacco Growers Cooperative Association instruct their lawyers to press all debts owed by grower members to wind up affairs beyond tobacco sales. August sales totaled $159,969.35, with 15 million pounds of bright tobacco and 12 million of bark on hand, due to poor crop grade. As of August 31, debt to the Federal Intermediate Credit Bank of Baltimore stood at $1,605,717.

Raleigh Tobacco Growers Cooperative Association Federal Intermediate Credit Bank of Baltimore

Cotton closes steady with drops across grades in New Orleans

N O Spot cotton in New Orleans on September 15 closed steady 19 points lower. Sales reached 6,729 with low middling at 1566, middling 1691, good middling 1731. Receipts 3,643 and stock stood at 76,724.

New Orleans

Notice of Sale of Land in Guilford County

Under the deed of trust dated December 12 1927 by Claude E Miller and Er dene D Miller to E P Yates Company and Union Trust Company of Maryland Trustees, the trustees will sell at public auction for cash on October 18 1928 at 12 00 at the Guilford County Courthouse door the specified Lot No 6 described as beginning at a stake on the west line of Lindsay Street and running 40 feet south along Lindsay to Lot No 5 then 109 feet west to Lot No 5 corner then 40 feet north to a stake then 196 12 feet east to the beginning, excluding a 10 foot strip on the north side adjoining Totero Street. The sale is to satisfy defaulted indebtedness. This 7th day of September 1928. RE P YATES Co and Union Trust Company of Maryland Trustees. W S LOCKHART Attorney Durham NC V 15 22 29 10 6

Claude E. Miller Erdene D. Miller E. P. Yates Company and Union Trust Company of Maryland Guilford County Court House Lindsay Street Lindsay and Totero Street Totero St F. E. Creelman Register of Deeds Office N. C RE. P. Yates Co., & Union Trust Company OF Maryland W. S. Lockhart Durham N. Cc

Foreclosure Notice on College Park Lot in Greensboro

J N Allred and Hazel Bass Allred defaulted on a contestant deed of trust of 1928. Central Bank & Trust Co Trustee will sell Lot No 162 in College Park Section 27 on South Tremont Drive Greensboro at noon October 1 1928 to satisfy the debt of 8500.00 with interest. Sale at Guilford County Court House door per deed recorded in book 597 page 77.

J. N. Allred Hazel Bass Allred Central Bank & Trust Company Greensboro Guilford North Carolina Register of Deeds Guilford County Court House South Tremont Drive College Park Office of the Register of Deeds Central Bank & Trust CO J. C. Alexander

Also Mentioned on This Page

N. O H. C. Simpson Mary E. Simpson State Street Schobert Street W. D. McAdoo Josie A. McAdoo J. 8. Bache & Co Commercial National Bank Arch Ry Amn Smelters Allied Chem Amn Intl Corp Seceaae Teiee Amn Tob Veeenee Bosch Oe Beth Steel Bucyrus Erie Ohio Contl Motors Erie Ry Fleischmann Famous Players E Ore St Il F Ry Freeport Tex Vey Fisk Rubber Fox Film A Gimbel Bros Hudson Motors Hupp Motors Howe Keith Albee Kelly Springfield Kennecott Cop Lembert Ee Sig Meyers Tob Ludlum Steel Lorillard Lehn and Fink Marland Oil Ae Mont Ward IGT Munsing Wee Ene Nail Cash Nash Motors Willys Overland Pierce Rem Randee R J Reynolds Sears Roebuck Studebaker Stewart Warner Dairies Sinclair Oil Timken RB Tex Gulf Snr Tex Pac Iam Tex Corpn Union Pac Byene U S United Cigars H Ry Vick Chem Victor Talk Mch Aoe White Motor Sre Ieee Ee West Air Bkeee West Elec West Md Ry A. of . Ee Seaboard Ry Amn Wool Ies Crucible Steels Youngs Sheet Woolworth U S Steel Geal Motors Chicago Grain Bache & CO Kelly MO. F. Clark & CO Ellsworth Armstrong Dartmouth Armstrong Pegey Wheatley New Haven National Cash Register Company American Home Products JNO. F. Clark & Coo Chicago Livestock JNO. F. CLARK @ CO Tobacco
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