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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 02, 1925
Page
4
Aug 1 New Orleans reports the cotton market sliding toward new lows despite early rally from Secretary Hester's supply and distribution totals. October and December futures fell to 23.55 and 23.70 amid rains in the belt. Late session gains faded as weather prospects worsened. Exports reached 21,370 bales from Houston.
Bearish reports and damp sentiment drove cotton prices to fresh daily lows in New York trading on Aug 1. October eased to 24.08 and December to 24.20, with a barely steady close 20 to 26 points lower.
Cotton foods markets were steady but quiet today. Sale of 30,000 pieces of voiles and 25,000 pieces of bread cloths were made in the past two days. Sheeting and print cloth mills are comfortably provided with business for the next six weeks. Retailers showed more interest in fall dress fabrics. Silks for the fall continue to attract many buyers. Silk, like worsteds and warm coatings, were leading in fine dress goods for fall. Men’s wear for the spring was being ordered in moderate quantities, specialties selling rather better than staples.
Leo Miegel of Great Neck New York retained the Canadian open fall championship with rounds of 73 and 78 to finish at 296 for 72 holes, after two final rounds in Toronto on August 1.
New York August 1 stocks showed a strong undertone in a calm session with sustained buying in steels motors oils and other industrials. Utilities and rails rose led by United States Steel Baldwin New York canners and several major industrials while foreign bonds held firm amid broad gains and renewed investor interest sparked by favorable trade and government reports on gasoline use and crude output.
In New York on August 1, trading in Florida Western and Northern 7 percent bonds surged, pushing the issue beyond 150 with an 11 1-4 point advance. The rise followed information that holders of each $1000 bond would soon receive $1040 in cash and 10 shares of a Florida real estate company controlled by...
Metropolitan Life Insurance real estate committee approved loans totaling 116800 to furnish housing for 38 families in Raleigh Charlotte Gastonia Salisbury and High Point via Raleigh Banking & Trust Co. Since January the company has authorized 1479325 in housing loans for Raleigh and nearby cities. July 1935 housing loans nationwide reached 12330242 aiding 3251 families. For sale ten sheaves in the 24th series of Piedmont Building & Loan.
The North Carolina Corporation Commission reserved its decision after a stormy hearing on routes between Charlotte and Greensboro. The Dixie Motor Coach Piedmont Stage Line and White Bus Line face suspension for alleged excess service while defending their preexisting operation status. About forty lawyers attended the session as bus inspectors testified on equipment amid arguments of discrimination and grandfather rights.
Wilmington August 1 38 000 gallons of black strap molasses were pumped from the United States tanker Danniedrak in one hour after arrival here With 1 180 000 gallons in its tanks the tanker sailed from port at 9 10 to Erie Basin New York Captain N T Henderson commanded the Danniediak from Porto Rico Nine stowaways were reported aboard three from Porto Rico One boy of about 14 was placed in custody for safety due to age and language limits Other stowaways could not be landed because Porto Rico is an American possession and they found work upon arrival in Wilmington
Chicago Aug 1 wheat prices rose as unofficial 1925 yield estimates showed weakness and supported a fresh advance. September rallied to 1 53 1 2, December to 1 54, with corn edging up and oats steady to higher while provisions varied between declines and small gains.
The Carolina Motor Club plans a perpetual, systematic campaign to cut highway and street fatalities in North Carolina. A new truck division will enlist drivers, and campaigns will target pedestrians students and motorists. C T Matthews will direct the department and speak to civic groups statewide.
City officials and others are advised to coordinate on proper procedure to increase highway safety. The effort aims to identify basic causes of accidents and direct remedies through proper channels. No sensationalism, focus on practical safety measures for traffic directors.
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