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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 29, 1929
Page
15
The New Orleans cotton market opened slightly easier but recovered as concern over a tropical storm in the Gulf faded. December closed at 18.41 and January at 18.51 after intraday volatility with hedging and covering.
The stock market faced a sharp midday selloff but closed irregularly higher as short-covering and bargain buying trimmed losses. Turnover reached 2,295,260 shares with mixed results across leaders like U S Steel and General Motors, while railroads posted solid August gains and several utilities rose late.
Real estate ad notes two large farms near Asheboro offered at bargain prices to settle an estate. Trading records show stock market close with major securities listed though specifics are unclear amid OCR garble.
New York bonds showed only a shade steadier in a short session as the week ended with a weak domestic mortgage list. Convertibles traded irregularly, opening lower but nearly recovered, while American Telephone 4 1 2s slipped less on light volume. Railroads utilities and industrials were listless with minimal moves.
One of Patou designs features a high-waisted flaring skirted frock in black wool printed with bunches of little colored flowers. The model reflects the season’s bold floral look and tailored silhouette.
We thank friends and neighbors for kindness and sympathy during our wife and mother's illness and passing. Appreciation for the floral designs is noted. May God’s richest blessing be your reward from H B Pierce Sons and Daughters.
The New York cotton market opened steady and eased after early selling. Trade buying absorbed losses, volumes rose later as weekend covering supported prices with December at 18.60 and March near 18.84, while weather uncertainty from a tropical storm influenced sentiment.
In New Orleans on September 28, the cottonseed oil market remained comparatively steady as showers inland and the threat of a tropical storm weighed. Prime summer yellow oil closed at 8.20 cents, down five points, prime crude at 8.890 dollars per hundredweight, futures steady with October 8.27, December 8.45, January 8.60, March 8.68, May 8.80.
New York cotton goods close the week steady with improved inquiry for spot wool deliveries. Silk ratings improve as finer silks sell, knit goods bought steadily, and stronger activity noted in fine prints.
Prudential Insurance Co offers 10 and 20 year loans with 6 percent interest and 1 percent of principal payable annually each fall. Home Bond & Mortgage Co located at 103 W Washington St, telephone 4300.
In Chicago on September 28, speculative holders sold wheat amid stock market unsettlements. Large buyers with foreign and northwest ties purchased for future delivery, keeping declines in check. Export demand remained slack across North American markets while corn oats and fats moved lower or steady.
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