Bull Market Surges as Copper and Steel Lead Gains
The stock market rose broadly with copper, oils, steels and southwestern rails showing strong group gains. U. S. Steel topped 160, Central Alloy steel hit a new high, and several copper names like Anaconda and Kennecott reached year highs while shipping and refining issues also advanced despite storm damage updates.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Federal Mining & Smelting
Cerro de Pasco
Anaconda
Granby
Chile
Inspiration
Kennecott
U. S
Central Alloy
Pierce Oil
Atlantic Refining
Shelly White Eagle
Richfield
California
Texas Corporation
Warner Bros
Curtis Aeroplane
Motor Products
Allied Chemical
American Can
American International
Brooklyn Union Gas
Midland Steel Products
U.S
Porto Rico
Florida
North Carolina geology booklet highlights state formations
A new 42 page publication by the North Carolina Division of Mineral Resources, authored by State Geologist H. J. Bryson, explains the origin, processes, ages and areas of the state's geological formations. The text includes photographs and a glossary, aims to be a high school level text, and urges greater attention to the state’s mineral resources.
MENTIONED IN THIS ARTICLE
Raleigh
N. C
North Carolina
Division of Mineral Resources
State Department of Conservation and Development
H. J. Bryson
Wade H. Phillips
Union
World Series Opens October 4 in Remote Park
Commissioner Landis announced the 1928 World Series will begin Thursday October 4 in the park hosting the American League champion. The date was set to avoid conflicts from close league races and to manage large ticket demand on short notice.
MENTIONED IN THIS ARTICLE
New York
Landis
Market bulls await decisive price move this month
J. S. Bache and Co notes that only a price rise above the current monthly high by about a point would signal a resumed major bull run. Irregularity may occur as activity remains high but no trend change is expected, with optimism for stronger autumn activity and possible influx of British gold aiding distributions.
MENTIONED IN THIS ARTICLE
J. S. Bache and CO
Speculators Hold Firm as Money Market Fluctuations Fade
The piece notes that speculative strength remains evident as adverse money market developments fail to sustain price declines. It remarks that selling driven by loan calls and rate rises is mainly by bear interests who have watched for a supposed top.
Market Opinions From Prominent Analysts on Recessions and Oils
Henry G Lachman favors oils rails and coppers in further recessions. Halle and Stieglitz warn irregularity and continual shifting will mark the day. W J Wollman notes little incentive for conservative buyers. E F Hutton says risks grow as market attractiveness wanes. J S Bache Co.
MENTIONED IN THIS ARTICLE
Henry G. Lachman
Halle and Stieglitz
W. J. Wollman
E. F. Hutton
J. S. Bache & CO
Hornblower and
Weeks
E. F. Hutton and Co
W. J. Wollman & Co
New York cotton futures rise on storm nerves profit take
Nervousness over the tropical storm and strong Southern crop notes sparked broad covering in New York cotton. Early selling faded as buyers returned, with active months posting 16 to 21 point mid afternoon gains and closes showing mixed but higher levels across action.
MENTIONED IN THIS ARTICLE
New York
P.C
Turpentine and Rosin Market Report from Savannah
Turpentine firm sales 814, receipts 410, shipments 2,084, stock 2,420. Rosin firm sales 972, receipts 1,285, shipments 7,220, stock 130,703. Market quotes BDEFGHIQ 905, M 810, WG 925, WW X 935.
MENTIONED IN THIS ARTICLE
Savannah
Rosin
Cotton Opinions Weigh on Prices in Market Watch
James E Bennett says continued good weather keeps prices probable. F B Keech notes further decline seems unlikely but cotton trades below value. Hubbard Bros report bearish sentiment but prices attract outside interest. Hirsch Lilenthal cites favorable weather and says new bullish factor needed to push prices higher.
MENTIONED IN THIS ARTICLE
James E. Bennett
F. B. Keech
Hubbard Bros
Hirsch Lilenthal
J. S. Bache & CO
Cotton futures rally on wind and rain reports in South
New Orleans cotton prices recovered after early declines as winds and rain in Alabama and Georgia spurred buying. Futures closed barely higher with Oct through May contracts showing modest gains amid a volatile session and late buying support.
MENTIONED IN THIS ARTICLE
New Orleans
Alabama
Georgia
Liverpool Cotton Prices Rise With Strong Demand
Spot market shows good business with 7000 bales sold including 5200 American. Prices rise across grades from strict low middling 9.37 to American middling fair 10.72. Futures close steady with September at 9.34 and later months near 9.20 to 9.19. Receipts total 400 bales, all American.
MENTIONED IN THIS ARTICLE
Liverpool
Potatoes Market Mixed With Light Chicago Receipts
Chicago market report notes 87 carloads on track 158 awaiting loading and total U S shipments 675 for Saturday plus 45 for Sunday. Trading fair with market slightly stronger. Wisconsin Irish cobblers 1.00 to 1.15, Minnesota round whites 1.25, early Ohios 1.00 to 1.15, Nebraska Irish cobblers 1.15.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Wisconsin
Minnesota
Nebraska
Chicago Cash Grain Prices Report for Sept 17
Wheat prices listed for No 2 hard 1.13 and No 4 northern spring 1.00. Corn quotes show No 2 mixed 1.05 and No 2 yellow 1.05 to 1.07. Oats for No 2 white 44 and No 4 white 41. Rye not sold. Barley 57 to 69. Timothy seed 5.00 to 5.60. Clover seed 21.25 to 20.50. Lard 12.80. Ribs 14.75. Bellies 17.00.
MENTIONED IN THIS ARTICLE
Adams Millis
Ask
Ajax
Oeew Eee
Amn Tel
Telfeo
Eee
Amn Smelters
Amn Can Ee Eee
Amn Intl Corp Eoovclll
Amn
Ie Bosch “Eee
Oveeaal
Beth Steel
Bucyrus Erie
Chile
Conti Motors
Congress
New York
Chrysler Motor
Dupont de M
Dodge Bros Motor
D and H Ry Co
Elee Power Lite Co
Srie Ry
Eve Ee
Fleischmann
Ss F Rye
LLTY
Freeport Tex Ee
Fisk Rubber
Fox Film
Gimbel Bros
Gt Nor Ry
Ave
Goodyear
Goodrich Rub
Gulf States Steel
Hudson Motors
Aeeae
ROU
Hupp Motors
Howe Sound Zere
Tel
Telomedie
Keith Albee
Kelly Springfield
Kennecott Cop Eee Fe
Ewene
Lembert * Ebeves
Sig Meyers Teb
Ludlum Steel Ore Se
P Lorillard
Lehn
Finkee
Mont Ward
Miami
Eere Ee
North Amn Co
Owe
Eeeae
Natl Cash Reg
Pathe
Park Tilford Ee
Park Utah Ee
Rock Island Eee
Rem Rand
Reynalds
Ente Lee
Sears Roebuck Ee
Timken
Tex Gulf
I Tex Pac Land
Tex Corpn
Union Pac Ry
Aeoe
U S
Vick Chem
Mch
Eseaee
Air Bk “Ee Eevee
Bo West Elec
Eae
West Md. Ry
Woolworth
U. S. Steel
Chicago
Pilot Missing After 27 000 Mile World Flight Attempt
Fear for safety of Geo H Storck of Seattle Wash who has not reported to the air drome since taking off Saturday to fly 27000 miles around the world in a 30 horsepower light plane. Humble authorities express anxiety over his safety and the feasibility of the demonstration mission.
MENTIONED IN THIS ARTICLE
Southampton
Eng
Geo. H. Storck
Seattle
Wash
Storck
Call money rates ease in New York market
Call money eased in New York on Sept 17 with highs at 7 percent and lows at 6 percent while the ruling rate stood at 7 and the closing bid at 614.
MENTIONED IN THIS ARTICLE
New York
Kidnappers Of Lad Known In Chicago Case
Chicago police announced that they know the names of all members of the kidnaping band holding 10-year-old Zilly Ranieri for a $60,000 ransom. Three men are already in custody and three others’ names were disclosed to police. The family faces threats including a decapitation note and a delivery of a final demand.
MENTIONED IN THIS ARTICLE
Chicago Lad
Chicago
Zilly Ranieri
A. Frank Ranieri
Charlotte Spot Cotton Market Report
Charlotte spot cotton for Sept 17 reports a price around 16 percent moisture with buyers and sellers noting current demand and pricing conditions in the market segment.
MENTIONED IN THIS ARTICLE
Charlotte
Presbyterian Mission Workers Safe After Puerto Rico Incident
A cablegram from Mayaguez Porto Rico sent to the Presbyterian Board of National Missions states All safe No Cause for Anxiety. The Narnia neighborhood home staffs ten workers. Mayaguez is near Agudilla where ten persons were reported killed.
MENTIONED IN THIS ARTICLE
New York
Narnia
Mayaguez
Porto Rico
Presbyterian Board of National Missions
Agudilla
Curtis Opens Western Campaign in Evansville Indiana
Senator Curtis arrives in Evansville to address a mass meeting on agricultural policy as part of a western tour. He urges higher tariffs to aid farmers and plans further stops through Kentucky Illinois and Chicago while praising party organization and urging renewed effort.
MENTIONED IN THIS ARTICLE
Evansville
Ind
Indiana
Curtis
Lexington
Chicago
Northwest
Middle West
Woman released after ransom paid to bandits
Mrs. E. J. Bumstead, wife of a Los Angeles mining engineer, learned her husband had been released by Mexican bandits after a 20000 pesos ransom was paid. The engineer, captured in Nayarit near Ixtlan in August, was said to be en route home with Mexican troops reported nearby.
MENTIONED IN THIS ARTICLE
Los Angeles
E. J. Bumstead
Ixtlan
Bumstead
Nayarit
Non-Skid Hangers Use Elastic Bands or Tacks
Instructions describe a simple method to prevent dresses from slipping: wind elastic bands around hanger ends or drive rubber-tipped tacks into wooden hanger ends to grip garments. The tips suggest both elastic bands and tacks as secure measures.
Market outlook and stock picks from J. F. Clark & Co
The report notes stronger buying than selling in New York with rail earnings seen far above current prices. It highlights U S Steel near 160, expects Westinghouse Electric and General Electric to set records, and favors General Motors and Packard for motor odds. ErIe and Missouri Pacific are recommended while Atlantic Refining Texas Corporation and Marland Oil stay favored in the old group.
MENTIONED IN THIS ARTICLE
New York
U. S. Steel
Westinghouse Electric
General Electric
General Motors
Packard
Erie
Missouri Pacific
Columbia Gas and Electric
Atlantic Refining
Texas Corporation
Marland Oil
Cotton Letter Notes Weather and Market in Gulf States
Liverpool terms show American points outpacing due as of Friday. Tropical storm near Tampa with Gulf coast storms in Alabama Mississippi Georgia and Carolinas forecast. Worth Street activity quiet with some large weekly sales reported and prices near the close, hedging and weak demand hint at possible rally or further decline.
MENTIONED IN THIS ARTICLE
Liverpool
Shreveport
Galveston
San Antonio
Montgomery
Tampa
Alabama
Mississippi
Carolinas
Louisiana
Worth Street
Worth Street Commission
Gulf States
J. F. Clark & CO
British rubber stocks and oil output update
Stock totals show 32,100 tons of British rubber on September 15, up 633 tons from the prior week. California crude production for the week ended September 15 rose by 2,200 barrels per day. Penn Ohio Securities and Northern Ohio Power to merge into Penn Ohio Edison. Tidewater Associated Oil outputs 57,000 barrels daily. GM August dealer sales 186,653 cars, up from 155,604 in August 1927. Eight months sales to consumers 1,439,442 vs 1,175,990. Canada Dry directors to meet for dividend action. Hurricane hits East Florida along a 90 mile band from Miami to Jupiter. Fisher’s Wholesale price index week to Sept 14 at 100.3. industrials at 240.02.
MENTIONED IN THIS ARTICLE
California
Penn Ohio Securities Corporation
Northern Ohio Power Co
Penn Ohio Edison Co
Tidewater Associated Oil Co
General Motors Corporation
Canada Dry
Florida
Miami
Jupiter
Weekend Rain Spread Across Southern States Forecast
Light Saturday and Sunday rain in Atlanta Vicksburg New Orleans Shreveport and scattered showers through Southern Texas from Galveston to Del Rio. Monday clouds hover eastern central belts with likely rain western belt mostly fair East Texas partly cloudy. Hurricane weakens Florida impact likely misses cotton belt.
MENTIONED IN THIS ARTICLE
Stanley
Atlanta
Vicksburg
New Orleans
Shreveport
Texas
Galveston
del Rio
East Texas
Florida
Cotton Belt
Constructive Operations Resume Amid Expected Resistance
In today’s session constructive operations are likely to restart though they may face stronger opposition. Officials anticipate renewed activity and potential delays as debates proceed.
MENTIONED IN THIS ARTICLE
J. F. Clark & CO
Market closes with mixed signals as corn rally and wheat strength
Hornblower and Weeks-Furth foresee continued profit taking amid a market unsettled by regular irregularities. Hutton and Co and Wollman note rising risks and limited incentive for buyers. Short positions in September corn cover difficulties with price advances. Foreign and local buyers push prices up to 103 3-8, best since June 9, while deferred deliveries firm with near term futures. Wheat gains on rains and Liver pool strength, closing 5-8 to 1 higher.
MENTIONED IN THIS ARTICLE
Liverpool
North American
J. F. Clark & CO
Market Viewpoints on Wheat Corn and Oats Movements
Jackson Bros notes wheat prices may drop after Canadian movement ramps up while higher corn prices may be temporary. Logan and Bryan seek a good wheat trading market. Bartlett Frazier expects Northwest pressure and possible shorts in new crop corn. No strong lower oats trend while holding. McKinnon sees no clear advance until foreign demand matches spring wheat movement.
MENTIONED IN THIS ARTICLE
Jackson Bros
Logan
Bryan
Bartlett Frazier
Northwest
Thomas McKinnon
J. F. Clark & CO
Market chatter signals continued hedge selling pressure
Traders anticipate ongoing hedge sales pushing prices down gradually. Analysts expect a temporary pause near 18 cents for cotton, with profit taking on short positions. Bearish sentiment persists at Hubbard Bros. and hedging activity draws some outside interest as the fall in prices appears superficial.
Two Men Shot in Mystery Holdup
Police probe a fatal hold up in which Evansville attorney W. O. Bohannon, 47, died from two bullet wounds and Frank Mellus, 19, of Detroit, was found dead in a field. Frank Paisley, 24, of Essex, Mo., confessed that Bohannon shot Mills. Norma Fueger, 21, Bohannon’s stenographer, committed suicide after the event.
MENTIONED IN THIS ARTICLE
Evansville
Ind
W. O. Bohannon
Frank Mellus
Detroit
Frank Paisley
Essex
Mills
Bohannon
Paisley
Norma Fueger
Bohanna
Cobb to quit baseball after this season
Cleveland sept 17 one of baseballs most picturesque figures Tyrus Raymond Cobb the Georgia Peach announced today he will sever his relations with the game at the close of the present playing season.
MENTIONED IN THIS ARTICLE
Cleveland, O
Tyrus Raymond Cobb
Georgia Peach
Who Is Your Skinny Friend Ethel
McCoy's Tablets advertised as a guaranteed flesh builder promising weight gain. The ad claims thousands of men and women improved, with a money back guarantee after four 60 cent boxes or two one dollar boxes if at least five pounds are not gained and health improved. The product is sold at Mann Drug Co. or any drug store.
MENTIONED IN THIS ARTICLE
McCoy
Mann Drug Co
America
Also Mentioned on This Page
Bull Market
Stanley W. Prenosil
J. 8 S. Bache & Co
Commercial Bank
Charlotte Spot Cotton
Presbyterian Mission
Senator Curtis
Evansville, IN
Hippopotamus
Hagenbeck-Wallace
Penn
Congoleum
Valtex
Axminster
Whitney
Tribune
Cotton
Bache
Pynchon
TY Cobb
Ethel
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