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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 16, 1930
Page
9
U S Dept of Agriculture notes 700 cattle with heavy steers up to 25 higher in week’s activity. Fat cows lower, yearlings and stockers up 5 to 7. Bulls and dealers steady to higher. Sheep trading uneven with feeding lambs 10-15 higher and week totals near 16 000 directs. Hogs 7 000 with top near 10.24 for heavies and 9.10-10.60 for light weights.
Chicago grain markets moved lower as forecasts of unsettled moist weather across the corn belt weighed on values. Large corn receipts at primary hubs added pressure while Winnipeg and Canadian pool disputes influenced wheat. Corn finished 1 2 cent lower, wheat 15 to 214 cents down, oats 1 2 to 1 cent lower, and provisions weaker by about 15 cents. Ireland considers state medical aid for injured persons.
A long list of major listed companies including Am Can Am and For Pow Am, Ford Am, General Electric, General Motors, Ford, Chrysler, and United Aircraft show widespread gains. Prices for many stocks climbed with notable activity in energy, automobile, and manufacturing sectors.
Cotton prices fell at the open as Liverpool weakness and southern rain showers boosted selling. Futures for December and March slid about 30 points from earlier levels amid reports of freer new crop movement and 43 000 bales awaiting clearance by week end.
Cotton futures in New Orleans slip at the opening with October 11.38 and December 11.34, following lower Liverpool cables and scattered Texas showers. Prices drifted from lows but rallied slightly near the hour's end as the market steadied, with final declines around 29 to 37 points. A separate report notes a primitive iron foundry 4,009 years old discovered in South Africa.
Sharp market convulsions followed yesterdays shorts stampede with heavy profit taking and renewed bear selling. Major movers included IBM up 6, Radio down 11.25, and Goodyear about a point. total volume near 1,000,000 shares and a quiet money market.
In 1929 US lead production rose by seven percent compared with 1928, reflecting a stronger mining year. The rise marks a notable increase in ore output and indicates evolving demand for lead materials.
Charles A. Lindbergh and Mrs. Lindbergh joined President Hoover at the Rapidan River camp for a weekend aviation conference with federal aeronautic officials. The group discussed avoiding duplication in air activities and the aerial coast defense issue amid high level talks.
Play by play descriptions of the American Junior league baseball series will be transmitted from Memphis. First broadcast is scheduled for Thursday afternoon August 28 at 3:30 p m and will continue daily until a champion is crowned. WMC Memphis will act as key station.
A series of obituaries from multiple cities notes the deaths of Col James Armstrong S88 a Confederate veteran and harbor master in Charleston S C Milton H Clark age 60 formerly with the Washington Bureau of Printing and Engraving John A Stratton age 40 a World War veteran Dr J E Duncan a leading physician and Andrew Jackson Price 74 noted as a successful planter Mrs Florence Crawford Jackson a pianist with WSIS studio orchestra in Asheville and other brief notices from Anford S C and Wilkesboro NC.
New York residents report a city wide anti noise campaign distributing posters calling for silence and reduced nighttime disturbances. Authorities emphasize community cooperation and stricter enforcement.
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