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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 07, 1929
Page
3
Cotton goods markets show a quiet, declining trend across unfinished cloth and finished products. Price quotes slip for sheetings and prints while production curtailment accelerates to reduce stockpiles. Yarn prices stay weak as manufacturers delay large contracts and push for prompt shipments.
The International Livestock exposition ends tonight with finals for high-bred horses competing for nearly 5 000 dollars in prizes. Champions will be crowned after a week of steady awards totaling close to 8 000 dollars in preliminary prizes across 20 states and Canadian regions. Favorites arrive from Oregon Illinois Kentucky and Michigan demonstrating a wide regional talent pool.
Cotton markets show early steady to higher tones in New York with futures slipping from January 17.40 to 17.32 amid selling for southern accounts. Liverpool reports a quiet market with higher trade calls but limited demand and rising shipboard stocks near 157,000 bales. Silver in London quotes 22 11 16 to 22 15 16 per ounce with money and discount rates noted.
New York Stocks show mixed gains across sectors led by chemicals, tobacco, and utilities with several major names posting notable percentages. Several firms including Anaconda, Canadian Pacific, Westinghouse, and Union Carbide appear among the day’s movers as total sales reach about 3,002,560.
The National Industrial Conference Board reports U S production shares for 1928: 96 percent of natural gas, 68 percent of crude oil, 39 percent of coal, and 86 percent of water power. World totals: coal 1.45 billion short tons, crude oil 1.323 billion barrels, natural gas 1.64 trillion cubic feet, water horsepower 38 million.
Report reveals that 90 percent of world war medals awarded postwar are in European pawn shops or sold to ease distress. Rewarded items like the Victoria Cross rarely pledged, with about a dozen in circulation and a $5 advance each. Average value of silver medals around 35 cents.
The government offers a ten cent bounty for cattish captured in specified Alaska districts if the fish preys on salmon.
A crude oil engine for motor cars has been reported to the department of commerce. The announcement indicates a new propulsion approach and potential impact on automotive technology.
New York reports Rudy Vallee, busy with records rehearsals and nightly shows, denies being the flappers idol. He broadcasts on NBC and WEAF while managing theater appearances and a restaurant. He cites mail evidence showing most letters come from wives and mothers. Vallee plans to continue radio work and touring.
U S Dept of Agriculture cattle receipts near prior levels with weights and yearlings unevenly higher. Sheep and hog markets mixed. fat lambs up to 25 cents, hogs strong to 10 cents higher with top 9.30 for 230 260 pounds. Industry notes include shifts in heavy steers heifers cows and sows amid fluctuating buyer demand.
The New Orleans cotton market opens quietly with no change to a point up in early trades. Prices drift as traders await Monday’s bureau report, with January around 17.28 to 17.32, March near 17.53 to 17.59, May about 17.75, and other months showing similar activity before a slight rally.
Liverpool spot cotton remained quiet with mixed gains as American grades rose to 10.07 for strict good middling and 9.17 for low middling. Sales reached 3,000 bales with receipts of 11,000 including 19,800 American. Futures closed steady: December 9.31, January 9.33, March 9.41, May 9.50, July 9.54, October 9.16.
Raleigh reports Frank D. Grist state labor and printing commissioner and World War veteran wounded in action is likely to run for the Democratic nomination as congressman at large in June. Grist would not confirm but gave the impression he would run.
Tax receipts in Davidson County total about 160000 for 1929 taxes paid in the first discount period. Sheriff says this is the largest December collection to date and more than a quarter of the year's taxes are now paid. December payments are at par with no discount, and after February 1, 1930 a 1 percent monthly penalty applies.
A plan proposes planting a rose bush on the grave of every French soldier who died in the First World War. The initiative honors fallen troops and memorials the national sacrifice.
In a light half holiday session with heavy volume, stocks advanced as profits were offset by pools and investors betting on further gains. U S Steel led gains near 8 points, Western Union climbed nearly 20, and several industrials like Otis Elevator and Republic steel posted solid advances as reports of strong holiday trade supported optimism for next year.
David Lawrence the national political writer and editor will headline the sixth annual North Carolina newspaper institute at Chapel Hill January 15 to 17. The event includes talks on accounting by Ernst and Ernst and Wolf and Company, advertising by Neal D. Ivey, and a barbecue Thursday night.
The Chinese commissioner of defense declared martial law tonight in the Chinese portions of Shanghai.
Raleigh dispatch notes Angus McLean looms over the North Carolina senatorial primary as a potential broker of party unity. Opponents say he will not run while Simmons seeks renomination, hoping McLean backs Simmons after a possible Bailey challenge or retirement scenario.
A new machine supposedly fillets 2500 herring each hour and removes 200 bones from every fish in one and a quarter seconds, signaling a rapid advance in fish processing technology.
London streets cause four deaths and 176 injuries daily according to a city safety report. Traffic collisons and pedestrian incidents are cited as the main risk, urging tighter enforcement and urban planning actions.
In Joliet Illinois George Weyers planned to donate ten thousand dollars to several charities but withdrew the sum after reconsidering. He later returned the money to the bank explaining he wanted interest if kept, and the funds were placed back in Weyer's account.
Raleigh Dec 7 The third installment of the School Equalization Fund totaling 1,270,800 will be mailed to participating counties on December 9 or 10. This brings total distributed this year to 3,641,900, exceeding prior year totals.
Y W and Y M C A members held their annual bazaar in New Garden hall dining room at Guilford College. Students organized and contributed most items while decorations featured a treasure laden ship motif. Hale Newlin and Catherine Cox led the event as captains and proceeds added substantially to both treasuries.
Frank L. Jackson treasurer of Davidson College travels to Washington D C to join the Association of University and College Business Officers sessions. He arrived this morning for a conference ending Saturday and serves on the executive committee of the Southern Association of Business Officers. He is a member of the North Carolina board of accountants.
Dean G. M. Braune of the engineering school returned from Boston where he observed a set of distortion tests on corrugated cast iron pipe at MIT. He attended as an observer due to similarities with UNC experiments on culvert pipes. Tests began in 1923 and run through 1927 with results published by the U S Bureau of Public Roads.
A knife wound on a sailor aboard the steamship Makiki 700 miles from Seattle en route to Honolulu prompted a call to Police Surgeon Ross who, using radio guidance, helped save the seaman's life after the wound became infected.
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