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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 08, 1929
Page
7
The market firmed from morning losses with broad gains across sectors. Rails and some specialties posted higher levels with several issues pushing to new highs as traders booked profits from recent advances and upbeat earnings reports supported sentiment.
Chicago grain traders see Wheat firmed 7 8 to 8 8 cents after a US visible supply rise of 3 489 000 bushels. Drought damage remains evident in spring wheat despite recent rains. corn and oats show modest gains while provisions inch higher.
Atlanta July 8 A 15 year old caddy Henry Newsom at Piedmont Park golf course was hospitalized with a fractured skull after attempting to teach two novices. He was struck by a golf ball during a practice round as one man hit a second shot from behind. Doctors described his condition as only fair.
The Federal Sugar Refining Company announced that sugar prices will increase tomorrow to between 5 and 5.4 cents per pound. The move reflects ongoing pricing adjustments in the sugar industry.
Stockholders of Southeastern Life Insurance Co in Greenville gain over a million dollars from the transfer of controlling interest to Associated Life Company Inc. The deal closed over the weekend at $579 per share on a $100 par, totaling $1,140,000. Cy W. Milford, president, declined to comment on the price. The firm is capitalized at $200,000 and largely held in Greenville.
The North Carolina college conference will hold its annual meeting November 18 and 19 at the King Cotton hotel in Greensboro. Open to all North Carolina college faculties, with University of North Carolina President H. W. Chase as conference president and N. W. Walker organizing secretary-treasurer.
The Carolina Motor Club will arrange steamer reservations on inland waterways and along the coast. Vice president Coleman W. Roberts says the plan is in conjunction with the American Automobile Association with which the club is affiliated.
Ottawa July 8 no word had been received at 11 this forenoon from the Chicago to Berlin plane Untin Bowler the Canadian government radio service reported.
Dairy market notes show butter receipts at 9 112 and creamery butter higher than extra 42 percent with scores around 92. First grade butters trading 88 to 91. Packing stock remains current with No 1 at 31 to 32. Cheese receipts total 13 977 and market steady.
W F Schilling president of the Twin City Milk Producers Association of St Paul Minnesota conferred with President Hoover and is understood to have been offered a position on the federal farm board in Washington on July 8.
The UNC board executive committee in Raleigh appointed a five member panel to study Neuse Forest school’s request for university supervision of its junior college standards. The group, chaired by A H Graham, includes Josephus Daniels Charles Whedbee A E Woltz and A A Shuford. The committee will explore how junior colleges fit into state education and University policy for the next general assembly.
The article portrays John D Rockefeller as a golfer with strong character and playful anecdotes. It notes his daily routines including hearty meals and long afternoon motor trips with family. It highlights Rockefeller fortune philanthropy of about 750 million dollars through the Rockefeller Institute for Medical Research.
Raw sugar held firm with limited offerings at 3.83 cents duty paid. Futures opened 1 to 5 points higher on active buying by European accounts and Wall Street Cuban connections for late months and nearer deliveries. Refined sugar remained firm with active withdrawal demand and refined basis price advancing to 5.25 cents.
The cotton market opened easy in New Orleans with Liverpool cables down. Early trades showed losses of 4 to points, some rebound of 3 to 4 points on weekend rains, but selling pressure and ahead of the official acreage report pushed prices lower. By one hour in, October at 18.06 and December at 18.25, about 10 points below Saturday's close.
July report from University Summer School describes the Rook Club a cooperative group at Chapel Hill not about cards. It functions as a black list punishing girls who break dates by social ostracism.
The New York cotton market opened 3 to 7 points down as Liverpool selling and favorable south weather forecasts weighed on prices. New crop months fell more, with October at 18.15 and January at 18.41 after the first half hour, amid liquidation and some covering. Government acreage reports due at midday influenced trading as private cables noted selling in Liverpool and waiting business in Manchester. In late morning, July and December showed partial recoveries from lows.
The notice describes a simple brick bungalow built for economy and easy maintenance. It highlights low cost construction, solid walls, and design aimed at convenience to suit young couples or elderly parents after children leave. It notes keeping shrubbery low to blend with settings.
The Department of Agriculture reports July 1 cotton area at 48,457,000 acres, up 3.2 percent from last year. State figures show increases mainly west of Alabama. California and the eastern belt show small changes. The August 1 production forecast will use July 1 acreage minus planned abandonments. no condition or production forecast issued.
Chicago livestock market report shows hogs at 47 000 head with460 higher top 12.15 for 160-200 lb, 12.00-12.15 for 130-160 lb. Cattle receipts 17 000, calves 8 000, with slaughter classes and stocker prices listed. sheep active with highs around 15.40 and 16.00 for weights.
Receipts show 135 cars on track 202 cars total and 0 shipments 1167 Saturday and 1141 Sunday as market remains strong. Southern sacks Bliss Triumphs and other sacks trade firm with Bliss Triumphs at 6.25 and 3.40 Virginia barrels Irish cobbler fair quality at 4.09.
Liverpool reports a quiet cotton market with prices down across grades. American strict good middling 10.93 and related grades fall, 5,000 bales sold including 4,300 American, receipts total 4,700. Futures closed quiet with July at 9.80 and October at 9.83.
The article notes the medical symbol shows a staff with a serpent coiled around it, tracing origins to centuries before Christ as a traditional emblem.
Bankruptcy trustee will sell in Athens Georgia on July 15 1929 at 1130 a m the assets of Star Furniture Company Inc including stock furniture in hand and in process supplies lumber accounts receivable machinery and equipment listed in the June 28 1929 inventory. Bids require court confirmation and cash payment. Inspection by contacting receiver Max Michael at 417 Southern Mutual Building Athens Georgia.
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