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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 27, 1930
Page
7
Wall Street shows varied activity with gains in several chemical and aluminum issues while others slip. Notable movers include Am Beet Sugar Am Car Fdy Am For Pow and Am Can. contrasts appear from Radio, Public Service, and Steel groups amid fluctuating shares and closing values.
The market softened to near the year’s low before late session recovery. Declines in General Electric Westinghouse International Telephone and U S Steel contrasted with small gains for American Telephone and several others as traders awaited next week’s consolidation news and a steel industry restart. The day saw 350000 shares traded and credit moves hint at broader ease in rates and money markets.
The weather bureau issued storm warnings from Sandy Hook to Eastport and northward to Hatteras. An offshore disturbance off New Jersey coast is intensifying, bringing strong northeast winds and gales this afternoon and tonight from Sandy Hook northward and strong northwest winds between Sandy Hook and Hatteras.
Silver London dec 27 bar silver holiday money 1 1-2 per cent discount rates short bills 23-4 per cent three months 26 16 per cent Mexican money leads over American in Mexicali ratio 70 to 30 reversal. average English farm 4 acres Wales 83 now open presenting top film hits at New Paramount for Mrs T A Dickens.
A Porto Rican yam sweet potato weighing 11.75 pounds was grown this season near Hearne Texas, showcasing a large root yield from local farming.
The state reports the nation’s lowest mortality rate for the sixth consecutive year. California gasoline tax collections totaled 510,608,517 in the third quarter of this year.
Deputy Gray reports an automobile found near Deep River Friends church belongs to I H McCrider of Washington DC. Police seek Hobe Gardner and Sam Hudson alias Parish, identified as hitch hikers who stole the car on Christmas Eve after riding with McCrider on the Winston Salem highway. The car shows a smashed wheel and the dog money coats are missing. Both suspects are said to be Guilford County residents.
Chicago market notes show corn rising almost 2 cents on expectations that new rules will expand use of corn sugar by as much as 100 million bushels annually. Wheat also gains while oats and pork futures edge modestly. Prices vary, with corn unsettled and near day’s high as traders digest the regulatory impact. The article ends with a distant observation about the north star being visible year round from the northern hemisphere.
In New Orleans cotton markets on December 27 prices slipped with January at 9.58 and May at 10.07 by mid-morning. Futures showed mixed movement as overnight selling pressured values while large elk herds in Montana numbered about 16,000 each.
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