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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 03, 1930
Page
9
Cotton opened steady with a 3 to 10 point decline on easy Liverpool cables and favorable weather. July slipped to 13.40 while October futures reached 13.02 as demand remained limited and early notices estimate 3,000 bales. futures closed steady near session highs amid a three day Fourth of July adjournment.
Chicago wheat prices edged lower today as primary arrivals in the United States neared twice the year ago level. A pre holiday accounting lift failed to rally prices while harvest operations in the west and southwest progressed, with yields commonly exceeding estimates.
Cotton futures in New Orleans opened softer, with July slipping to 12.95 and December to 13.19 as July notices added selling pressure. Market cooled before the Independence Day weekend, ending with modest declines across contracts and a generally pre holiday tone.
New York trading slowed to a near halt on July 3 as nerves and bears dominated the tape. Investors faced a long holiday as Chrysler cut salaries by ten percent and many small firms skipped dividends, signaling cautious sentiment and a broad market pause amid a June selling wave.
Jack McGurnCapone aide known as Machine Gun Jack received one year in county jail and a 300 fine for carrying concealed weapons Judge E I Frankhouser presided. This capped the maximum penalty on the charge. The same day Anthony Red Kissane also drew a year and 300 fine. A requisition to return Frank Foster alias Frank Foreman to face murder indictments was signed by Lieutenant Governor Sterling.
President Hoover said he would call the Senate into a special session next Monday to consider the London Naval Treaty if Congress adjourns. Republican leaders Watson Reed Allen and Walcott discussed the treaty and aimed to keep a quorum and secure a vote within a week to ten days.
Col. Charles J Kraft cashier commandant of the 202 coast artillery Illinois National Guard was indicted on charges of embezzling about 199000 from the government. An estimated state shortage was expected to match the federal loss due to padded payrolls vouchers and a double renting system.
Murder charges against Enoch Mc Callum for the death of Mrs. Luia Kenyon after an automobile accident were dismissed. Evidence presented before Judge E B Rives freed the defendant from blame.
Governor Gardner praised progress and harmony as the party vowed unity and a decisive November win for J. W. Bailey. He predicted a lasting Democratic era, with leaders from the party shaping a better, finer commonwealth while supporters urged Clyde R. Hoey's renomination. Judge Varser energized the crowd reaffirming the prohibition stance amid heat and fanfare.
Notice states the High Point budget for fiscal year 1930 1931 is filed for public inspection and a public hearing will be held at 8 P M on Tuesday July 15 before final adoption City Manager E M Knox announces the meeting.
Three young men Rotbert Thrift Sybil Parris and Dude Gordon cut the hair of J T Box s son. Box swore out a warrant for disfiguring the youth. The haircut cost Box nothing and the trio paid 10 for the privilege of tensorial experimentation.
The fifth district convention named executive committee men for Alamance C R Love Caswell Miss Mary Brown Durham C Brawley Forsyth George W W Flynt Granville B K Lassiter Guilford Miss Louise B Alexander Orange S M Gattis Person Dr E J Packer Rockingham T Jefferson Penn Stokes J L Christian and Surry R C Freeman.
The call to convene a special Senate session to consider the London naval treaty is ready except for the date and lay in Hoover’s desk. If regular adjourns today, the session would begin Monday. if not, the president plans to call the day after adjournment. Hoover urged prompt action in a letter responding to a 24-senator request to delay debate until December.
New York reports plans for a three day Independence Day holiday with railways steamships and cars ready to move up to two million travelers. Tammany Society in New York will dedicate the Union Square Independence flagpole. Philadelphia hosts municipal events at Independence Hall with Mayor Harry A Mackey as principal speaker.
Brigadier General John H. Russell the American high commissioner to Haiti will be withdrawn immediately after the inauguration of a new president to succeed Eugene Roy in the fall. The move follows Hoover commission recommendations to settle unrest on the island.
Senate judiciary committee favorably reports Henry Davis nomination to be United States attorney for the eastern district of South Carolina.
The Methodist Episcopal Church South board of temperance and social service met in executive session at Lake Junaluska to discuss aiding federal prohibition enforcement. Bishop James Cannon Jr. led the session while officials noted a hoped transfer of enforcement to the Justice Department. In a social service conference, Lindley V. Gordon urged the church to promote peace, criticizing the church’s wartime record and urging action on armament reduction as a moral issue.
A hail and wind storm struck Jones county and nearby areas late yesterday causing unofficial crop damage estimated at $100,000. The storm affected crops across the region and caused other weather-related disruptions.
English rabbit farms produce about 150000 skins a year, highlighting a sizable byproduct industry tied to fur production. The figure reflects output across the sector and implies significant supply of rabbit skins for processing and trade.
Local Martinsville resident James Butts credits Konjola with restoring health after years of illness. The ad claims six to eight weeks of use cures stomach liver kidneys and bowel problems, neuritis and rheumatism. It lists High Point North Carolina vendors and expects widespread sale through druggists.
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