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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 18, 1929
Page
9
Prices on the New York stock exchange remained erratic in light turnover with early heaviness followed by a mid day rally and later selling as professionals dominated trading. News included a large midwestern steel merger, weaker freight car traffic, and a receiver appointed for the American Piano company.
Analysts note that the October drop in steel production was largely psychological, driven by stock market fears, and far exceeded the real decline in steel consumption.
New York and New Orleans report cotton futures advancing in early trading. Statements cite stronger Liverpool cables, modest selling in the South, and gains of around 10 points with January near 16.95 in New Orleans, while open highs show steady postive moves and higher closes.
Dense fog disrupted New York harbor traffic as a ferryboat was lost for two hours in the East River and five liners remained at anchor. A thousand passengers returning from Europe endured another night on the water, while six hundred more bound for the West Indies were delayed after ships dropped anchor.
Fragmentary OCR notes show a sales listing with numbers like 2,485 and 700 and references to Woolworth and Yellow Tk. No clear event or entities beyond stores or products.
Readout covers several firms including Gen Elec Ltd and Penn Road Corp with mixed quotations. Prices show modest gains and dips across several listings, with small percentage movements noted in secondary offerings and commodities.
Mrs. F B Klein, president of the city wide council of Parent Teachers association, reported on the state congress at Hendersonville last month to the Elm Street Parent Teachers group yesterday afternoon. A fine program of Christmas music by fifth graders featured Holy Night sung by a mixed quartet.
Mrs Thomas Hitchcock a horse woman of international repute from New York and Aiken is in a Columbia hospital for treatment of a broken arm from a hunting accident in Virginia eight weeks ago Physicians report her condition satisfactory The injury occurred when her horse stumbled and threw her from the saddle She was treated in Washington before returning to her winter home in Aiken Bone healing did not progress and she was brought to Columbia for care
In Washington on December 18 the Senate Banking Committee postponed King resolution for a senate inquiry into credit and stock exchanges until after Christmas. The Agricultural Committee favorably reported a relief fund extension for Southeastern farmers hit by storms and floods. The House Roads Committee reported the Dowell bill to raise federal highway aid from 75 million to 125 million dollars. The House adopted the Wood resolution to allocate 1.29 million dollars for Mediterranean fruit fly eradication.
The House authorizes a $2,500 bust of late NC Representative Claude Kitchin to be placed outside the chamber main corridor. Speaker Longworth directs the placement once obtained. Representative Kerr of North Carolina introduced the resolution. The Senate Finance Committee favorably reports the Rogers hospitalization bill and adds $1.95 million to a $14 million veterans hospital construction authorizations. the bill passes the House.
The senate public buildings committee tabled the house bill authorizing an extra 230 million dollars for public building construction and offered little prospect of final congressional passage before the Christmas recess.
Chairman Reed of the house flood control committee introduced a bill to adopt the Army Engineers flood control project for Lake Okeechobee and the Caloosahatchee river in Florida. The piece notes the bill's aim and context for major water management work.
Asheboro residents gathered at the courthouse to discuss a $100000 hospital bond plan for the town financed by 25000 in town bonds 50000 from the Duke Foundation and 25000 from private subscriptions. Dr W S Rankin of Charlotte spoke outlining the project benefits and details ahead of the December 31 vote.
Washington reports a positive mood after the first exchange between American and Japanese delegates at the London naval conference. Henry L. Stimson hosted talks with Wakatsuki and other Japanese leaders. a joint statement praised cooperation and goodwill ahead of the London gathering.
On December 27 1929 at 10 00 A M the Southern Railway Freight Depot High Point North Carolina will auction one carload of lumber car A 15299 shipped by McBrayer Lumber Company Warrenton Ga for account of Hall Lumber Atlanta Ga consigned to Tomlinson Chair Manufacturing Co High Point Ga Sardis Ga waybill No 66 dated October 18 1929 R F E Brown Agent.
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