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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 21, 1930
Page
19
The New York cotton seed oil market was quiet yet steady with 1,200 barrels sold mainly in March and May at gains of 2 to 4 points. Prices ranged with prime crude at 6-12 percent and futures quotes from Dec 7.10 to July 7.69, reflecting broader price firmness.
In New York on December 20 coffee futures were quiet as brokers selling by trade and European connections pushed prices down a touch. Spot coffee remained quiet with Rio 7s at 7 1 2 and Sans 4s at 10 to 10 1 2.
The New York cotton market opened irregularly then advanced on weekend covering and buying. March rose to 10.06 from 9.87 and closed 10.02 amid a steady tone. December and May months also moved higher. Reports on stock and overseas demand supported gains, while late-month liquidations eased as buyers absorbed positions.
Dallas Texas spent twenty million dollars on harnessing the Trinity River to prevent floods and ease a major traffic problem, officials announced. The program aims to reduce flood risk while improving transportation flow and regional mobility.
Utility shares provided the strongest support as trading closed mixed with gains for American Telephone General Electric and other utilities. Rail and steel names slipped on profit-taking while bonds led a broad rally in fixed income as year end effects and import trends shape sentiment.
A long list of corporate bonds with coupon rates, prices, and yields appears, including Am Agr Chem 7s at 102%, Am Smelt 58, Am Sugar 68, B and O debentures, Can Pac debentures, Chas Corp 5S, Goodyear T, Dodge Bros deb 6s, Erie B efg and Imp 5s, Pan Am Pet Trust, Sine Cons Oil Col 7s, Sou Pac Rig 4s, West Elec 5s, and Virginia Ry Se deb 4s. Yields vary around mid to high single digits with prices near par.
London’s dockland sheltered by Emma Lejonhelm, 82, known as Baroness. The Swedish pensioner uses her small allotment to aid stranded seamen, offering shelter and a helping hand to every sailor who seeks aid. Her uncredited world renown lies in acts of mercy rather than fame.
A new camera study shows Getulio Vargas, chief of the provisional government installed after the revolution in Brazil, in the latest portrait since he assumed office. The image captures Vargas during his early days in power as Brazil's interim leader.
The cotton market in New Orleans recovered from a rocky opening as shorts covered for the weekend and ring traders bought on a bullish Census ginning view. Ginning totals to December 13 reached 259,622 bales, 424,772 for the last period, with 72,606 the prior year. prices rose 14 to 22 points from lows, ending barely steady with a day gain of 6 to 13 points. Historic Raleigh tavern at Williamsburg, Virginia, restored by Rockefeller interests.
Bond market ends the week firm as railroad obligations lead a broad advance. Domestic and foreign issues rise with 30 bond average at 95.4, up 2.8 in two and a half days, with large gains in Alleghany Rock Island Missouri Pacific and utility issues.
A fragmentary exchange describes a customer requesting a box of cigars and a response offering a strong cigar. The dialogue then references a husband biting them, signaling a casual shop interaction.
Enterprise Bureau Raleigh December 20. The South wide marketing plan to unite fruit and vegetable shipments from southern states with northern and eastern markets is under federal Farm Board survey to judge feasibility. W G Meal of the Farm Board discussed with William A Graham and Dean Schaub. Graham says he is encouraged by Meal’s attitude.
Benjamin Jones, a legless mail carrier in Burlington Junction Missouri, has delivered mail for 29 years by horse and buggy through rain snow sleet and cold. He recently received a life pension from the federal government.
AP report from Chicago notes surprise crop data showing large domestic wheat and rye acreage. July wheat and most corn contracts fall to new lows while old crop wheat holds. domestic grain receipts at primary centers rise versus last year. Market closes mixed with broad declines across staples.
A short, reflective note quotes Pathfinder remarking that if the speaker dies tomorrow another marriage would follow, but not immediately. He suggests taking a rest first, signaling practical acceptance of loss and ongoing life.
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