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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 31, 1935
Page
13
Chicago market notes show butter firm at 4 919 and creamery specials with varied scores around 92. Details list different butter grades and prices, including extras and standards, plus carrot and refrigeration items. Bee sales are noted with fresh graded firsts at 28 and current receipts around 25.
The report lists several securities with small daily moves including March and December contracts. Prices hover around 1240 to 1246 with minor gains and declines noted.
In New York on a quiet session the market showed modest gains as bullish sentiment grew in boardrooms. Aircraft and steel issues found support while grains and cotton rallied at Chicago with corn leading. Bonds were quiet with some recoveries in the secondaries and government loans easing. European gold currencies moved against the dollar.
New York January 31 AP stock prices tilted higher in slow early trading with small fractional gains in General Electric U S Steel and American Pontiac Dealers at 805 N Main.
Cotton opened steady in New Orleans with May at 12.43 as May rallied early and July rose to 12.45. Prices showed a net gain of 1 to 2 points from yesterday before easing on long liquidation and hedge selling. March 12.37 May 12.42 July 12.44 Oct 12.35 near noon with net unchanged.
Hogs totals reach 15 000 with 6 000 direct as demand remains slow yet generally steady. Cattle volume around 7 000 commercial and 500 government, with strong top figures for best fed steers and yearlings and a sellers market across classes.
Cotton futures opened steady to 2 points lower amid disappointing Liverpool cables and moderate liquidation. May 12.41 to 12.42, October 12.33 to 12.41, front months around 12.41 and 12.33 after the first half hour.
New York January 31 AP movement of leading stocks in the first half hour shows mixed results with Cerro de Pasco and Crown Cork higher while Kroger and Nat Lead slip. General Electric and Inland Steel advance modestly as Northern Pacific and Reynolds Metals gain, with several issues coping with small declines.
Five Horry county youths faced prison terms from 20 to 25 years in superior court for second degree murder in the slaying of Wyatt Strickland, a Tabor filling station operator, stabbed to death November 17 after an argument over liquor. Three defendants, Tom Clemmons Charles Beck and Pearlie Shelly received 20 to 25 year terms. Sea man Beck got 3 to 5 years and Lateil Shelly 2 to 3 years.
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