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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 05, 1935
Page
9
Cotton futures opened firmer in New Orleans with March and May contracts up about 5 points, while New York and Chicago grain and livestock markets showed steady-to-higher tones. Hogs and cattle traded unevenly with gains in several classes and prices at or near recent highs, reflecting overall firming demand.
Democratic members of the Senate Appropriations Committee signaled possible changes to the administration’s $4.88 billion work relief bill. Some warned relief recipients could lose funds next Monday. Chairman Glass said changes were certain, while Byrnes defended Roosevelt’s discretion in project selection and fund distribution for subsistence, homesteads, electrification, and grade crossing work.
Wall Street opened with nerves tense over gold case uncertainties. Stocks generally declined with grains, equities, and cotton slipping. Transfers reached about 675,000 shares as investor sentiment stayed cautious amid prime court doubt.
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