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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 25, 1931
Page
9
Chicago grain prices show mixed movement with oats and rye posting modest gains while wheat and corn hold near unchanged levels. Futures curve details indicate narrow ranges across Mar May and Sept contracts, with notable quotes for oats and rye translating to steady demand signals.
The stock market spilled over again with weak utility and amusement shares and broad profit taking. Midday rallying appeared but many issues fell 2 to 5 points with Auburn down over 7. Some support later as merchandisers led gains despite a generally erratic session.
Raleigh Feb 25 The former Governor Alfred E Smith of New York will address the North Carolina general assembly Monday. He will speak in the State Theater instead of the capitol as both houses passed a resolution to hold the afternoon session there for a larger audience.
The New York stock list shows varied percentages for numerous companies across industries, including Am Chem and Dye, Coca Cola, DuPont, General Foods, and Westinghouse, reflecting a broad range of gains and losses. Key names such as Anaconda, Bethlehem Steel, General Electric, and United States Rubber appear amid the fluctuating prices, with some blue chips and utilities posting notable percentages while others slip.
In Raleigh on February 25 advocates pressed for a larger highway patrol. The Bennett bill would raise personnel from 837 to 89, with patrol control remaining under the highway commission and patrol districts expanded from nine to a number the commission sees fit. The Dortch measure to abolish the patrol received an unfavorable report.
In Washington, Senator Norris predicts quick accord with the House on a constitutional amendment to end lame duck sessions after a new Congress is elected. The Senate rejected the Gifford House substitute as a conference item. Norris and Borah with Walsh named to confer. Norris opposes four month second session limits. Ratification needed from 36 of 48 states to take effect.
RALEIGH, N. C., Feb. 25. The North Carolina supreme court today handed down opinions in nine cases. A. Johnson versus V. 5B. Mountain, Edgecombe, new trial. East Carolina Railway versus-Bros., Edgecombe, affirm Lumminss Cotton Gin Company versus Andrew Wise, Johnston, no error. Goldsboro versus Supply Company, Wayne, plaintiff's appeal modified and affirmed, defendants appeal, affirmed. Surry county versus Guy Sprager, Surry, affirmed. R. A. Adams and wife versus J. A. Woodie, Watauga, affirmed. Ellis versus Perley, Buncombe, affirmed. Elian King, Mary Burchett, Dora Burchett and Leo Burchett versus Seaboard Air Line railway, Warren, no error.
The senate confirmed several governor O Max Gardner appointees in executive session today. The actions were largely formal as many terms near expiration. Charlies Harvey of Kinston was confirmed replacing his father Felix Harvey who died. he served on the state hospital for the insane board of directors.
Jackson Mississippi February 25 with eight Southern Intercollegiate Athletic Association teams entering the second day of play. Winners from last night’s round join Millsaps of Jackson and Western Kentucky as advancing teams. Afternoon schedule lists Howard Birmingham vs Western Kentucky Teachers at 3 pm and Centenary Shreveport vs Eastern Kentucky at 4 pm. Night games feature Millsaps Birmingham Southern against Mississippi College and er na Normal at 9 pm.
Cotton opened steady today with a 14 to 18 point rise on firmer Liverpool activity and Egyptian gains at Alexandria. May reached 11.65 and October 12.18 before profit taking pulled trades back. U.S. buying, southern selling, and cautious Japanese mills limited further advances as prices drifted late morning.
In Goldsboro on February 25 an eight year old boy, Ronald Odom, was fatally injured when a truck driven by Frank Lambert struck him while he rode on the rear of a pony driven by a playmate. The driver was exonerated of blame.
In Hastings Nebraska today three men robbed the Hastings National Bank binding and gagging 13 employees including three women. They escaped with 27173 dollars. Local authorities pursue suspects.
CHARLOTTE February 25. Threatened return of winter to the Carolinas brought sleet and snow across sections while temperatures rose by noon and sun appeared in the Piedmont. Charlotte had rain turning to sleet and snow overnight. Asheville had snow flurries. Marion reported two inches that melted. Raleigh saw low 35 with rain forecast. Columbia and much of South Carolina experienced rain and falling temperatures.
Riots broke out in a dozen European cities as the unemployed marked International Unemployment Day. Police prepared for crowd movement while demonstrations remained largely contained. Speeches were given to factory workers in Moscow and a communist suspect roundup occurred in Paris. Berlin saw minor disturbances and the national guard was deployed in French factory towns. Southeast and central Europe faced precautions due to past trouble, with under twenty injuries reported in street clashes.
Washington February 25 AP Senator Davis testified before the senate lobby committee denying any lobbying for or against a sugar tariff or revocation. He rejected a report claiming he received 100000 to 150000 from a domestic sugar company and said he holds Celotex stock but never discussed the tariff with its president. He insisted he only knew the company was interested in sugar processing, not the tariff specifics.
Representative Jonas said he will request a hearing before a Senate sub committee on the Morrison charge. He admitted uncertainty about success but maintained he is entitled to due consideration and due process.
Zeb V. Turlington says prohibition should not be injected into the 1932 Democratic national campaign. He calls prohibition a moral issue, not a political one, and backs Senator Morrison’s view that the party should stay away from endorsing or opposing it. He urges the national committee meeting on March 5 to avoid the issue.
In Guilford County five hens were taken from chain gang foreman C. R. Hiatt’s camp, a rare break into a convict facility noted in Greensboro coverage. The Read Enterprise urges readers to check ads for results.
Raleigh February 25 legislative sub committee ready to consider bills to regulate bus and truck operation. Railroads press strong for strict regulation while bus interests protest. Four bills propose motor carrier ad valorem taxes and highway operation limits to curb highway competition with railroads.
New Orleans February 25. Cotton shows active firm start with 10000 bales sold the largest in some time. May falls from 11.65 to 11.54 while October slips to 12.05 as ring traders push liquidation and weaken technicals. Additional 6000 bales for March deliveries issued, prices easing through the morning with May at 11.48 July 11.74 and Oct 12.00.
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