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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 26, 1930
Page
9
A broad stock market advance follows a sharp wheat price rebound. Many issues rise 1 to 4% with several hitting new year highs, while some laggards fall. Chicago wheat gains support from expected federal farm board aid amid mixed industry outlooks.
A broad set of industrials and utilities traded near flat to higher as investors scanned results and futures. Major names included American Tobacco, Du Pont, General Motors, and Westinghouse Electric with varied percentages, while several rail and utility stocks anchored the market's late gains.
New Orleans cotton opened steady in sympathy with firmer Liverpool cables and a stronger wheat market. Early trades showed 7 point gains, then eased, with March at 14.86 May 15.12 July 15.36. Notices were issued for 6 000 bales for March delivery. closes higher by 3-5 points, market steady. Lisbon to introduce first autobus in the capital soon.
A North Carolina eastern delegation met O R York in High Point as he pursues the chair of the Republican state executive committee. Greensboro delegates pledge strong support and York reports nationwide leaders promising help. York says he is confident and expects strong, early backing on the first ballot.
The fifth annual Old Time Fiddlers convention will be held at Star high school auditorium on Saturday night March 1. Prizes are offered for all forms of music and dancing as well known musicians signify participation. The Star auditorium seats a thousand and music starts at 8 o clock, with early arrival advised.
The New York cotton market opened steady with 5 to 10 point gains on stronger Liverpool cables and wheat strength. May rose to 15.40 and Oct to 15.83 but demand cooled, prices retraced slightly, and by midmorning trade was quiet with gains of 5 to 7 points. Liverpool reports showed continental buying and covering amid contract shortages, but India trade in cloth and yarns remained weak.
Senator Norris urges the senate to fire F E Bonner executive secretary of the federal power commission calling him a power man and citing maladministration evidence from hearings. Senator Nye proposes a resolution urging dismissal at once as Norris aims to alert the country to the situation.
Chicago workers with empty pockets pressed for pay as the rescue fund canvass continued. About 37 million dollars had been pledged toward the goal with 13 million more needed before paychecks could be issued by week’s end. The effort targeted city county and school board payrolls.
Notice of sale by trustee BE Criddlebaugh under a 1927 deed of trust for Genia and C B Hauser property Guilford County North Carolina. Sale at Greensboro courthouse door 2 PM March 15 1930 starting bid 3150 with described Chestnut Street lot of 520 square feet. Also brief item: Capt G C Black Salvation Army lecturer to speak tomorrow night 7:45 PM South Main Street post headquarters with slides and curios.
Farming in Nevada gains popularity and numbers as arid areas persist. Between 1920 and 1925 the state saw a 23 percent rise in farm counts, signaling expanding agricultural activity.
An advertisement-style warning advises that acidic foods irritate kidneys and cause backache and other symptoms. It recommends Jad Salts a four ounce dose in water each morning to relieve sluggish kidneys, neutralize system acids, and improve bladder function, plus drinking lots of water.
James T. Berryhill of Lexington reports KONJOLA cured his years of indigestion. He says sour stomach and bloating vanished in weeks and urges others with stomach troubles to try KONJOLA. Sold at Mann No. 1 Drug Co. in High Point and by local druggists across the region.
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