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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 03, 1930
Page
7
A historical market page shows futures quotes for WHEAT CORN OATS RYE and LARD with Dec Mar May and July tenor names. Prices are listed as percentages and decimals, with several entries showing near daily ranges and small shifts across months and contracts.
The Senate adopted a resolution directing the secretary of agriculture to investigate the causes of price declines in cotton and the extent of short selling on exchanges. The inquiry covers cotton exchanges in the first half of 1930 and the prior four years.
Madrid dispatch reports Jaquim Liigo of Fl Sol aimed at Premier Berenguer in his office. He fired once as the dictator entered to greet reporters but was overpowered by guards before a second shot could be fired.
Silver price in London settles at 16 8 160 per ounce with the 1 1 4 percent money rate. Discount rates for short bills reach 2 8 16 percent and three months at 1 8 percent.
Guilford College at Guilford College North Carolina announces John Love junior end from Armory Mississippi chosen as captain for the next season in a student election.
New York Dec 3 AP Financial Editor reports a slow stock market retreat with widespread declines in blue chips. Steel, utilities, and big industrials led the losses while Carnegie and Bethlehem Steel signaled a $1-a-ton steel price rise for Q1. A 20 percent stock dividend by American Gas and Electric followed recent utility pay-outs. credit conditions remained steady with call money at 2 percent.
Senator-elect Josiah William Bailey will open his Washington office on March 4 after qualification and keep it open whether or not there is a special session. He may delay moving his family to Washington if no short session is called, intending to stay in Raleigh home base. Bailey has not selected a private secretary and will take any available Senate office space. He will monitor Hoover’s leadership prospects and whether a special session will be needed after the current session ends March 3, 1931.
The New York cotton market opened steady and fell as Liverpool selling intensified. December contracts slipped to 10.36 with May at 10.91 as traders weighed lighter buying and easing prices.
Notice in the Middle District of North Carolina to Knox Furniture Manufacturing Co. and stockholders to appear December 22, 1930, at 10 a m in Greensboro to show cause why receivership should not be made permanent. Temporary receiver C. M. Vanstory Jr. appointed November 22, 1930. Clerk R L Blaylock.
A white fowl with a red comb, half turkey and half rooster, is owned by the North Wrenn Street fire company. Brought from Pilot Mountain by Marvin Swede Marion, the bird struts like a turkey and crows like a cock and answers to Swede Jr. kept by company one.
New Orleans records cotton opening soft amid unfavorable Liverpool cables and a natural reaction from yesterday. Traders note early selling pressure as prices ease across the market with steady demand from buyers in the region.
Prices opened lower and eased through the morning with January at 10.51 and March at 10.76, about 11 to 12 points under yesterday. By late morning markets recovered slightly on shorts covering while awaiting the government crop estimate due next Monday.
Priest Augustino De Gasperi of the Franciscan order is reportedly captured near Sinchow in the northern Hunan area and is being held for ransom by communist forces.
In Havana on December 3 a police officer was fatally shot during clashes with student demonstrators at the scheduled reopening of the National University.
A High Point lodge No. 115 B P O Elks meeting is set for tomorrow night at 7 30 for installing officers elect and arranging memorial services Sunday at 3 at the American theater Col D H Milton secretary emphasizes all Elks must attend especially officers and the memorial committee.
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