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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 16, 1929
Page
7
The New York market opened with extreme hesitancy amid last week's choppy rally. Trading was dull with utilities leading losses up to eight points, while investors awaited clearer trend signals and were disappointed by the Interstate Commerce Commission delay on consolidation plans.
James Robert Parker of Charlotte credits Sargon Soft Mass Pills with curing a 28 year history of indigestion constipation rheumatic pains and general exhaustion. He spent over $2000 on medicines before starting Sargon and three bottles restored his health enabling his wife and 73 year old mother to praise the treatment. The Savona Mfg Co of High Point distributes Sargon via Cecil's Drug Store and Mann Drug Co.
The opening Lyceum event at High Point College starts at 8 tonight withDr Tehyi H. Feh, Chinese patriot and orator, delivering a lecture on Chinese Aspirations Philosophy and Hopes. The talk replaces the December 10 address by Dr Robert W. McLaughlin.
Trading reflected cautious sentiment as call money held at 4 1/2 per cent, with outside markets at 4. Demand light and credit conditions untested. Foreign exchanges firm with ongoing gold outflow and rumors of French balances repatriated. November trade showed exports up and imports larger. Steel activity slackened with optimism for early next year. Fox Film A rose on reorganization hopes, later erased by lack of confirmation. Copper quiet though Phelps-Dodge rose. various rails gained or fell. Major industrials and blue chips declined several points.
Chicago reports brisk upturns in wheat values as active buying follows an official statement that the federal farm board will back efforts to raise prices with unlimited loan funds to wheat growers co operative organizations. Wheat closes 24 to 3/4 cents higher, corn rises about a percent, oats gain up to 0.6 cent, and provisions vary.
New Orleans cotton opens quiet as Christmas mood eases trading. Liverpool cables weaker, January at 16.98, March 17.20, May 17.43, down 5 to 7 points from Saturday. Morning trading dull with buyers absent and old long liquidating. closes show slight declines across months.
A blast aboard the Italian steamship Veniero near the Cape Verdes killed the chief engineer and threw a second man overboard. The ship’s machinery was wrecked, with the vessel still at sea off Portugal.
A fragmented OCR ledger shows numerous stocks and prices with many misread terms. Companies include Armour, B&O, Hudson Motors, Phillips Petroleum, Reynolds Tobacco, Seaboard, Sears Roebuck, Northern Pacific, and Texaco among others with varied percentage shifts and volumes.
New York cotton opened steady after a 1 to 3 point decline amid liquidation and selling. January eased to 16.97 and May to 17.51 as trade buying and covering appeared, keeping prices near end of first half hour. Liverpool cables noted hedging and liquidation on near months with cont in back, limited cloth and yarn sales.
Dr. Harry W. Lee 30 physician of RUNNEMEDE N J died in Woodbury N J from influenza. A native of Kinston N C and graduate of Wake Forest and Jefferson Medical College he leaves a widow a four months old daughter his mother Mrs Mary Lee of Kinston and brother Dr Michael Lee. Funeral set for Kinston Wednesday.
A word puzzle list presents clues labeled horizontal and vertical with numbers. Each entry hints at definitions for terms such as harmony peruser and percolated bag among others, forming a crossword style set.
Two Alabama inmates were captured on the outskirts of Charlotte after an attempted gasoline theft. Grady Reynolds, serving 35 years, and Mark Shier, with 20 years, were arrested near the city jail after escaping a prison near Birmingham last Friday.
J Frank Cameron farmer and real estate dealer died at his Denton home at 9 o clock after a stroke of paralysis. He was 76. Funeral services will be held tomorrow at 2 PM at Holly Grove church near Denton. He was born in Randolph county and lived long in Concord township. Surviving are his widow and nine children: R F Cameron High Point John Cameron Mrs Ben Morgan Carra Way Ross Cameron Cid Charles Cameron Thompson Ga Mrs H P Gilchrist Thompson Ala Clyde Cameron Lexington Wess Cameron Thomasville Byrd Cameron Denton.
Pascual Ortiz Rubio the president elect of Mexico and Senora de Ortiz were patients at Johns Hopkins hospital. Ortiz Rubio arrived from New York for a physical exam and rest after a year of strenuous efforts leading to his election. Senora de Ortiz joined him for a general examination to be near her husband.
Potatoes receipts 127 cars on track 237 total U S shipments Saturday 746 Sunday 28. Market slow and steady. Wisconsin sacked round whites 2 30 to 2 45 and 2 50 occasional. Minnesota-North Dakota sacked round whites 2 15 to 2 20 with some 2 25. Idaho sacked russets 2 70 to 3 00 with a few 3 10 and mostly 2 85 to 2 95.
The Curtiss Robin flight by Charles L. Amos, S. L. Davis, and Prof. Sam Davie reached Paradise Point in 92 minutes from Jamestown’s Wrenn field. Pilot Lieut. George Clark steadies the craft on a calm cross country trip, while onlookers witness the first long air journey for many locals.
Report describes a strike threat and planned peaceful picketing around a mill. A dialogue with strikers notes they plan to block access while claiming workers' rights to enter and protest, with warnings of crowding and potential clashes if entry is hindered.
Fragmentary transcript notes describe a shooting scene with a sheriff, Til Carver, and others. Witness Wradley testifies he saw a man headed toward the sheriff. Proceedings shift to Marion for venue, with most defense witnesses still to testify and expected completion by midweek.
R C You, formerly of Greensboro, jailed in Raleigh for 30 days on liquor possession and false name registration. Investigating a web of forgery false pretense and worthless checks. two accompanying girls released. Police tracking him across Fayetteville Warren Charlotte Greensboro South Pines and other cities for passing checks.
Three members of the National Board of Fire Underwriters in New York City are in the city for a survey of conditions. They are expected to stay in the area for several days.
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