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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 09, 1937
Page
3
David L. Babson reports a steady week for industry with the Compo site Index at 0.8 percent under normal after holiday adjustments. Motor output, freight carloadings, power use, lumber, and steel boosted the index while retail trade stayed above last year. Home construction rose 40 percent year over year but remained only 60 percent of normal, with costs up 16 percent in twelve months signaling caution for future growth.
Babson Park Mass July 9 The utility sector faces political tax burdens and inflation risks but shows little recovery from the 1932 bear market low. He notes 8 million investors and 1 620 electric power companies, arguing higher rates remain a myth while demand gradually strengthens but faces policy headwinds.
A market analyst notes 65 percent higher overall than 1933 week and argues utility earnings rose less than half, urging caution on security values due to potential long term power sales gains. He cites price earnings ratios of 13 to 1 for electric firms and 17 to 1 for industrials, predicts better utility issues will rise, and advises selling most holding company common stocks after the gloom lifts.
A concise note recalls that presidents Arthur, Cleveland, and Wilson were sons of clergymen. It highlights a lineage of religious families shaping early American leadership and public life.
The Louisiana murder case against 17 year old Jessie Pepper for the fatal shooting of her schoolmate May Elvin Allen will be presented to the October grand jury.
Members of the Countess of the Junior Orders United American Mechanics in Stokes Forsyth and Davidson counties will attend a district meeting in Winston Salem on Saturday.
The WPA announced allocations totaling 15 617 dollars for Durham county gardens and 5 202 dollars for Orange county gardens. A brick and frame building at the Atkinson school in Pender county received 3 903 27 dollars.
Ernest L. Whitehurst Jr., a lineman, was electrocuted in Chapel Hill on July 8 according to late United States press reports. Authorities investigated the incident as a fatal workplace accident.
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