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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 24, 1929
Page
9
TheAssociated Press reports a broad market rise aided by special dividends and strong earnings. Gains ranged 1 to 11 points in active issues as call money moved to 8 percent. several firms announced dividend increases and stock splits, while Steel and tobacco shares fluctuated amid industry strain and price cuts.
The New Orleans cotton market opened 6 to 11 points higher on stronger Liverpool cables and improved weather outlook. July rose to 19.18, August 19.20, December 19.25, with intraday rallies on forecasts for unsettled showers in the belt and a Gulf storm warning, then eased later near noon.
Dr. R. H. Touless of Glasgow University asserts a scientific method to detect love. He says emotional stimulation causes a brief change in electral conductivity lasting about 1.8 seconds, allowing identification of the beloved by physiological response.
Raw sugar held at 3.61 a hundredweight duty paid while refined sugar stayed at 4.90 a hundredweight for time granulated.
Sealed proposals for paving streets in High Point North Carolina with asphalt or concrete base and granite curb or concrete curb and gutters are due by 2 00 PM Thursday April 25 1929 Proposals marked Proposal for Paving must be submitted with a five percent certified check on the bid amount No bid bonds Acceptable Specifications and forms available from the City Engineer The city reserves right to reject all bids or award contracts in the best interest of the city W A Davis mayor E M Knox city clerk S H Strickland city engineer No 202 City Hall High Point NC D 4 25
In St Pauls North Carolina April 24 the contempt hearing for recorder Howie Mec Crainey and town official Seaman was continued to May 3 after they refused to destroy liquor seized by a federal agent. The liquor car belonged to D E Sigman whose arrest warrant was issued after investigators found the car stolen.
London reports 20,000 post office clocks synchronized to Greenwich time with telegraph updates to main stations across England Scotland Wales and Northern Ireland. The royal palaces house the second largest collection with over 1,000 timepieces.
In earlier times sterling was a mark of rank but today its appeal spreads to many homes. Young wives start with small sets, choosing patterns to harmonize dining room service and decor, making gifts easier to receive and more meaningful as decor.
Delegates at the American Red Cross convention were invited to a reception by President and Mrs. Hoover in Washington on April 24, but handshaking was taboo. The delegates chose not to place a personal burden on the president, reflecting a policy stance by the health conservation organization.
Hot Springs Arkansas April 24. City clerk Fred J Fowler and his wife face a habeas corpus hearing as Fowler is held on arson carrying a pistol and interfering with an officer charges after a city hall fire and a shooting at Mrs Henry Terry. The couple have ties to a recent municipal campaign and a grand jury was convened to investigate the incidents.
Johnson Street's pitching led by Corn and solid hitting powered the team to an 18 to 10 win over Ray Street in the season finale. The Johnson lineup featured Catorad, Neal, Parle, Byrum, Proctor, Diffendale, Pougs, Phibbs, Nichols, Newton, Brown, Pie, Hilton and others in a decisive victory.
Emma Blair defeated Oak Hill 9 to 8 in the playground series opener in a pitchers’ duel. The game stayed close throughout as Emma Blair edged Oak Hill with key plays from H Malpass P Kennedy and W Russell among others.
Bruce Carraway announced today the opening of offices in the Broadhurst building over the Enterprise. Service men can visit daily to fill pension forms and compensation papers from 9 to 12 a.m. and 2 to 4 p.m. He will also be at his North Main Street residence at night.
Lambert Co earned 3.20 a share on 698,996 shares for Q1 1929 versus 4.44 in 1928. E I Dupont De Nemours posted 2.42 on 9.84 million shares against 7.63 on 2.66 million. I R T March net income reached 682,255 versus 290,316 in 1928. Continental Can offered common stock at 66 with one-for-ten exchange. Penn RR raised authorized stock to 700.9 million from 696 million. Motor Wheel Q1 net 1,151,803 after depreciation vs 561,644 prior year. Cerro De Paseo yearly net 5,556,300 vs 3,664,800. Daily domestic crude oil production rose 55,568 to 2,671,850 barrels. American Pete Institute notes first quarter ice profit 228,000 vs 284,460 in 1928. Buffalo Interests plans Associated Cigar Stores merger of 2,000 tobacconists. NY Dock Company net 52,736 vs 53,624. Steel Ingot and Casting capacity up. American Pete Institute directors to push oil conservation plan. Industrials average 316.62, rails 151.738. Jno F Clark & Co.
Liverpool quotes show American points ahead of due dates with spot sales around 6 000 and firm demand, while prices ease mid 1051 versus 1040 yesterday. Forecasts call for scattered showers in the Carolinas Georgia Mississippi Alabama and weather favorable for field work in the belt.
Traders express cautious stances on cotton prices. Bache Sentiment favors further easing with favorable weather. Williams and Travers show interest in purchases. Hentz expects a positive market response to constructive news and urges buys at current levels. Hubbard Brothers foresee more May long liquidation before notice day and a continued saggy, erratic market until then.
In New York on April 24 cotton prices rise with May trading to 19.85 and December to 19.46 amid covering by traders and short sellers. Prices ease from intraday highs as selling increases. July hits 9.36 and December 19.58 as London and continental buyers support dampened end gains. Weather bureau comments see a near standoff with generally favorable south conditions and mixed prospects.
Ralph Tangerdi, serving two years in state prison, filed for divorce from Francis Asiere Tangerdi on grounds of misconduct and unfaithfulness. He was sentenced for unlawful automobile taking and escapade with several girls and, while jailed, learned of his wife's alleged infidelity. He seeks custody of their four children.
Investment firm notes moderate buying for F Huston stocks with lower risk than later. Chisholm Chapman favors Radio and Packard at current levels with Packard capable of a ten point rise. Halle Stieglitz backs steels and oils while baking preferreds look attractive. Hornblower Weeks advises holding Mack Truck bought earlier and cautious at present prices. Market may see selling pressure before close but solid stocks should hold up.
Pen Dixie Cement may move to 40 as Republic Iron & Steel hits a new high. Profits from following advice could reach 5 to 196 points in this market. Allied Chemical climbs to new highs and may announce melon terms soon. Ernie still named the best buy in the speculative rail list. JO F CLARK & CO.
Chicago livestock sales show hogs around 20 000 head with top prices near 11 60 and 160 to 300 lb ranges at 11.30 to 11.55. Cattle and calves total about 12 500 with fed steers and yearlings steady and beef cows lower. vealers rise to 17 00 and stockers 12 50 to 13 50. Sheep and lambs strong for top clippers, with best wool skins 17 00 and lambs 15 25 to 16 25. ewes 8 00 to 10 50.
John Hager, a white man and former Thomasville resident, was arrested at Kannapolis and brought to Lexington to await trial for the Thomasville store robbery. Claud Galloway and Paul Prather, who aided the raid on about 2000 dollars in merchandise, are already serving state prison terms. Hager, believed to be the principal, escaped during their arrest and evaded officers for eighteen months. he is set for the May term of the superior court.
Atlanta April 24. Southern Railway announces speedups and new schedules for the Piedmont Limited and Atlanta Washington trains, plus changes to the Crescent Limited Kansas City Florida Special and Atlanta Charlotte trains. Birmingham Special times updated.
Raleigh April 24 Governor Gardner paroled Jesse Foster a Wayne county negro serving 30 years for murder. Foster was convicted with four others in 1920 for killing a white man named Jones. He faced electrocution but was spared after Caldwell whose confession led to exoneration and execution earlier.
Dr. J. H. Beil and J. T. R. Lennie, son of Canon Len nie, departed Liverpool for a four year bicycle journey around the world.
Public auction to be held in front of the Municipal Building High Point NC on May 24 1929 at 11 o clock A M for the property known as 1405 Ragan Street High Point described in the deed of trust dated February 21 1927 including Hayworth Chilton Snow lines and street position. Sale subject to unpaid taxes and street assessments with 10 percent cash deposit required. Roberson Haworth & Reese attorneys announce.
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