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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 20, 1930
Page
2
Prices of stocks bobbed within a narrow trading range as selling against radio and some utilities met bursts of buying in tobacco, zinc, amusement and merchandising shares. Neither bulls nor bears gained the edge and public participation stayed light as the market remained within a four point range since the start of the year.
The cold spell cost five lives in Chicago including three infants. One infant died from coal gas in a stove warmed all night, another suffocated by extra blankets, and a third burned when crib covers ignited from a stove.
Analysts note tentative improvement in some sectors like steel but a general expectation of further price declines until widespread corrections finish. U S Steel eyed retirement of funded dents, D and H segregation approved by ICC spurred a stock rise, while other firms such as National Bellas Hess First National Stores and Abra ham and Straus advanced modestly amid a dull money market.
Investors shuffled through a volatile session with notable gains for Liggett & Myers and Warren equities, while American Sugar and Texan Oil sectors showed mixed performances. Key railroad and tobacco stocks such as Penn R R, Philip Morris, and Reynolds Tobacco posted varied results as overall market tone remained cautious.
A fragmentary stock page shows quotations and company names including Continental, Ford Ltd, Gen Elee, Vick Finance, and Macy's with various figures and codes. The clipped text indicates a routine market round with listed firms and price markers.
New York cotton opens steady with a 6 to 10 point decline amid local and foreign selling. Traders await farm board action as March slips to 17.24 then 17.26. Liverpool reports mixed demand and hedging. American exports noted. New Orleans shows an easy opening with prices easing to 17.10 March and 17.33 May before stabilizing slightly. Liverpool quotes reflect lower day and varied regional demand across futures.
A severe cold wave swept the South causing eight deaths with more reported as sub zero temperatures persisted in Virginia Arkansas Mississippi and Tennessee. Sheriff John W Owens and W B Jones died near Canton Mississippi after a hunting trip. Willis Walker formerly of St Joseph Missouri died in Zwolle Louisiana from exposure. Traffic accidents and a Louisiana plant worker’s fatal slip on ice were also noted. Temperatures began to rebound with Arkansas Tennessee improving faster than Virginia.
Asheville dispatch reports Chief Justice W P Stacy calls for increasing the state supreme court from five to seven members. He cites growing workload and overdue expansion since 1899, noting the court struggles to handle duties promptly. Public vote on the measure will occur at the next general election.
New York January 20 The Universal Aviation Colonial Air Transport Embry-Riddle Aviation and Southern Air Transport announce a system-wide rate cut to align air travel with rail and Pullman fares. Effective Wednesday the fares include New York to Los Angeles 156.05 Cleveland to Chicago 17.60 Chicago to St Louis 14.74 and Chicago to Kansas City 23.60.
Prohibition sermons in 40 Detroit area churches ended the Anti-Saloon League convention. Senator Morris Shephard of Texas, who helped push the eighteenth amendment, said the measures were defeated in Congress and proposed that liquor purchasers share guilt with sellers.
An old frame barn owned by J A Clinard near Lohr flying field in the city was destroyed by fire. While responding with Company G, a fire truck collided with an automobile driven by an unidentified person, badly wrecking the car and breaking the truck’s fender.
The senate confirmed Brownlow Jackson's nomination to be the marshal for the western district of North Carolina on January 20. This marks his official appointment to the federal law enforcement post.
Funeral services for Mrs. R B Strickland 712 Montheu avenue were held at Wesley Memorial M B church with Rev John W Moore and Rev O P Ader officiating. A quartet sang It Is Well With My Soul and Abide With Me. Interment followed in Ebenezer cemetery Randolph County.
Padlock proceedings were filed in federal court at Greensboro against five filling stations and lunch rooms in central North Carolina after prohibition violations. Named defendants include John and Roland Dicks, W. W. Gill, L. G. Campbell, Coy Royal, T. A. Moran, J. P. Rawley, Southern Oil Co, and others linked to the West End Cafe leased from Rawley. The West End property is located on West End and leased to Southern Oil with sublease to the cafe.
The War Department announced amendments to army regulations making any violation of national prohibition laws a military offense. Secretary Hurley noted that prior 1917 rules banned liquor on government reservations but did not reference the 1918 prohibition law.
Potatoes receipts 162 cars on track 22 dollars total U S shipments Saturday 677 Sunday 27. Market fair and firm with russets about steady others. Wisconsin sacked round whites 2.50 to 2.60 occasional fancy 2.65 Idaho sacked russets 3.10 to 8.33 few fancy shade highs.
King George watched as American secretary of state and key figures met at Downing Street. The hour long session in the prime minister’s residence drew no comment from participants who promised an afternoon communique. Officials aim to fix Geneva 1927 weakness by direct talks among top leaders. Secretary Stimson then joined Foreign Minister Grandi for lunch with Mr. MacDonald.
Goldsboro will establish bread lines for black residents many of whom lack necessities due to unemployment. Announcement was made by Dr. S C Holt a Black physician and chairman of the community chest for his race outlining the new relief measure.
Police continue search for David Bright for fatal shooting of Johnny Swinson and wounding of Andrew Ashford and Ike Sarvis in a pistol duel yesterday.
Senators Smoot Walsh Heflin and others congratulated Simmons and Overman as they sat together on the center aisle. Simmons recalled 30 years of service and thanked colleagues, while Overman voiced thanks for the tributes and support from the Senate.
The commissioner lamented the deaths of F. R. Patterson and Robert Ek. Moncure, prohibition agents, who were killed during a home search for liquor in West Palm Beach Florida on Saturday. The incident sparked inquiries into the raid and the actions of those involved.
Washington reports rising anger at prohibition agents amid violent incidents as plans move to shift the enforcement unit from Treasury to Justice. Prohibition head Tuttle defends officers while Norton introduces a referendum proposal on repealing the Eighteenth Amendment.
Kannapolis residents M. L. Corder and Ernest Lowder are held by authorities in Burlington on suspicion of stealing a rented car. They allegedly rented the vehicle from Clinton Lee for a visit to relatives in East Burlington, paying five dollars, and wrecked it at Pine Top near Wilson.
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