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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 31, 1936
Page
2
Wall Street ended 1936 with a stock market near five year highs and a year of brisk dividends and holiday trading. The focus moved from stocks to commodities such as copper rubber and wheat as foreign cash and strict credit limits shaped market dynamics.
City Rotary Club announces a two night charity revue Headlines to be staged January 20 and 21. Proceeds go to charitable causes. The topographical revue features newspaper office scenes with a chorus of elaborate costumes and several skits including Hospital News Magazine Section and More Sinned Against Than Usual.
Rotary club at the Sheraton hotel heard Rev. Tom A. Sykes speak on Rotary Education and international cooperation. Paul W. Casey outlined the January 20 and 21 charity show and formed a project committee. Visitors included Carl Jones Horace Sider Jr Frank Kearns Frank Challen and E Kay from New York City.
Rising demand for raw materials offset by labor controversies in autos and allied industries and threats of steel strikes. War alarms persisted, diverting attention from domestic revival of industrial buying and construction forecasts. Despite year end liquidity, rail shares face rate increase refusals and rising operating costs. Bulls foresee continued business gains into the new year.
With midnight tonight the deadline for using 1936 city and state license tags many High Pointers face loss of use of their cars tomorrow due to failure to secure new plates. Sale of tags progressed rapidly but on hand quantities were insufficient to serve all. Those on old tags after midnight face arrest and fines. Carolina Motor Club staff rushed to expedite sales as city police prepare to roundup city residents who bought state tags but not city plates.
Family members and neighbors in Tacoma slow drive to the Mattson home while an older couple, linked to Mildred Mattson, refuse to identify themselves. A ransom note demands payment, promising higher demands if ignored, as investigators connect a Fort Lewis kidnapping plot to a Humboldt County sighting and a Seattle Times ad is used to signal negotiations.
Sechrest's ambulance was called near Cable's Service station on the High Point Asheboro highway for a man injured in a motor vehicle crash. He declined ambulance transport, saying he would seek treatment at a physician's office. The cause was not learned. a large southbound truck and a car collided, injuring one person with noticeable cuts and bruises.
Chicago prices for butter at 6 532 steady with little change. Eggs at 9 521 weak with extra first cars and local 29, fresh graded first cars and local 2814, current receipts 27. Refrigerator standards 26 and refrigerator firste 2544.
Year end cash tax selling on the New York market showed broad absorption. Allied Chemical led small gains with a 6 point rise while Montgomery Ward Deere Oliver Farm Western Union Inspiration Copper and others advanced. Declines appeared in Bethlehem Sears Roebuck Douglas Aircraft American Telephone and Goodyear as carrier bonds and commodities moved higher.
Mrs Jane Owens aged 70 died at her home on Lexington route two Wednesday night from paralysis. She was the daughter of Philmore and Barbara Miller Cobble and was twice married. Survived by son H P Kindley and daughter Mrs Jim Pullen. Body taken to son's home for funeral Friday morning at Hughes Baptist Church with interment in church cemetery.
D F Black died at his home on route two from Trinity and funeral services were held at Prospect M E church east of Thomasville. Rev W R Jenkins conducted the rites with pallbearers P K Frazier A R Frazier J B Frazier W J Frazier A J Frazier and E A Prasier. Interment followed in the church cemetery.
D C Glasgow 66 prominent farmer of Randleman route 2 died this morning at 1 30 o clock at his home after brief illness. Survived by two sons Charlie of Central Falls and Emory of Worthville four daughters Mrs W E Ward of Randleman Mrs Gaydon Allred of Worthville and Misses Pearl and Sadie of Randleman route two. Funeral set for Saturday at 2 from Gray's Chapel Methodist Protestant church.
Funeral services for C Oscar Morris 9 cardroom overseer at a Selma cotton mill were held after he died in Johnston County Hospital from injuries after being struck by an automobile near the Selma Smithfield highway. Miss Elizabeth Johnson of Smithfield driven car involved. Morris survived by a widow children and a half brother.
The North Carolina State Employment service offices will close Friday for New Year’s Day as announced by manager Mrs Irene W Price. Raleigh advisories say the office will reopen Saturday morning. Severe weather slowed work for weeks and staff are finishing December activity reports for release tomorrow.
Charles R. Green filed an appeal in Guilford Superior Court from a High Point municipal court judgment ordering $75 immediate payment and $5 on the first and $5 on the 15th of each month for Johnnie Green's support through her next friend, Dorothy V. Green.
New York cotton markets start quiet with gains of 1 to 3 cents on Liverpool cables. Futures prices show Jan 12.48, March 12.47, May 12.36, July 12.26, Oct 11.91, Dec 11.06 with spot middling at 13.00 as traders factor steadiness into year-end trading.
Detroit reports growing strikes against General Motors units threaten a broader auto industry shutdown with Ford largely spared. Alfred Ward notes a show-down between the CIO and automakers as Fisher and Chevrolet plants close for bodies. Buick faces limited workloads as Flint plants shutter.
Negotiated naval treaties lapse at year end with only Part IV of the London pact still in force. Jane's Fighting Ships ranks Britain ahead in planned or current construction with 99 warships, followed by the United States 83, Italy 66, France 43, Germany 39, and Japan 38.
Mrs. Mattie C. Gray of 615 Cordell Place High Point qualified as administratrix of the estate of her mother Mrs. Fannie Goff who died December 28 leaving $150 in personal property and $1,000 in real estate. Heirs include O. G. Goff husband and Olin Goff son of Fayetteville and daughters Mrs. Vertle Meadows Tobaccoville and Mrs. Dora Hill Statesville.
Berlin officials report Der Fuehrer may halt his volunteers while other nations let men go to aid Franco. Estimates place German volunteers between 10 000 and more as high officials discuss non intervention and Franco's plea for aid.
Chicago wheat slips near limit while corn oats and soybeans edge higher amid Liverpool quotes and unsettled trading. Market data shows May, July and Sep positions for wheat corn oats rye with modest gains and precise price points recorded.
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