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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 05, 1934
Page
9
The New York stock market shows a slow advance across a broad front with some issues reaching new yearly highs. Bonds rise with railroads recovering and grains leading gains as wheat climbs while the dollar strengthens versus the pound. Chart analysts weigh whether rail gains confirm a broader uptrend amid mixed confidence.
City records show the last half of 1934 was unusually rainy with November singled out as one of the rainiest months. Total rainfall reached 4.44 inches, 2.35 inches above six month average and 4.57 inches above three month total. November 23 saw 1.74 inches of rain.
Cotton futures opened steady with 10 to 12 point advances as Liverpool cables and foreign buying supported prices. Dec 12.48, Jan 12.60, Mar 12.57, May 13.57, July 12.60, Oct 12.22, with activity easing after early orders but prices holding near best in the first half hour.
New Orleans December cotton opened firm and active as Liverpool buyers showed interest. Early trades posted gains of 9 to 13 points led by October with the strongest rise. May gained 2 points after the call, but overall prices slipped 2 to 3 points from the session high on renewed pre bureau liquidation with March and May at 12.56 and October at 12.25. Prices recovered 1 to 2 points by mid session, leaving a net gain of about 10 to 11 points from the prior close.
In Savannah during December 56 turpentine remained dull with no sales. receipts 277 and shipments 25. Rosin also dull with receipts 1,423 and shipments 100. Stocks stand at 19,153 for turpentine and 122,016 for rosin with quoted prices across grades from AB to M.
New York Beggs New York reports egg prices for December with 17 343 irregular totals. Mixed colors and refrigerators show standards around 23 to 24 percent, firsts 22 3 4 percent, seconds 21 to 22 1 4 percent, and mediums and dirties at 21 to 21 3 4 percent with others unchanged.
New York December 5 Butter prices show 4,688 firm with little change in market tone. Cheese at 226,241 level quiet and unchanged as trading slows.
Market data shows hogs at 41 000 with varied weights and prices across classes. Eugene Lovelace fined $25 and costs for practicing dentistry without a license after an impression for a false tooth caused fit issues. Blanchard charged for simple assault. Various docket items include vagrancy, assault, reckless driving, and liquor-related infractions.
Guilford county commissioners and highway officials will meet Thursday at 7 20 P M at the county courthouse in Greensboro to discuss road improvements. Commissioner Joe P Hoffman cited frequent road complaints as motive for seeking better cooperation and arrangements. Citizens concerned with road conditions may attend. A new tire designed for independent suspension wheels was introduced.
William Hurley Mann Jr. 35 of 560 Mangum Avenue died at a local hospital at 1 55 AM after a year long illness with Lukemid. Born November 11 1899 in Chatham County he was married October 17 1930 to Delia Webster. He leaves wife two sons Richard and Bobby Lee a daughter Mary Louise Mann his mother Mrs W M Mann four brothers and three sisters. Funeral at Green Street Baptist Church Friday at 2 30 PM with Rev C N Royal and Rev L Ruth officiating. Burial in Oakwood Cemetery.
Members of the American Business Club cast were honored at a weekly dinner at the Elwood hotel after staging a Paramount charity benefit. Reported profit approx 400 dollars will fund next year’s club charity work. The program featured a limerick read by Charles Parker.
A low cost conversion unit now on the market lets farmers transform an old car into a working crawler type farm tractor at a price said to be less than a typical team of horses.
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