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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 13, 1933
Page
1
New York stocks surged to fresh highs in the largest turnover of the bull market with broad gains across alcohol, aviation, utilities, rails and industrials. Late profit taking trimmed advances as about 7,500,000 shares changed hands while grains fell and cotton stayed sluggish. Silver futures and spot prices climbed to new peaks since 1930 and sugar futures hit fresh seasonal highs.
Washington reports Congress expected to reject a bill to place all first, second and third class postmasters under civil service. Senator McKellar said larger postmasterships likely not to be civil service. Democrats study the order amid party patronage concerns. About 15,600 jobs would shift from patronage. 32,672 fourth class postmasters already under civil service.
Washington reports living costs fell 2.9 percent from December to June while wholesale prices rose about 1.4 percent in the week ending July. The wholesale index closed at 67.2 with 1926 prices set as 100. June living costs stood at 128.3 relative to 1913 averages.
A humorous missive from Beverly Hills mocks political moves to limit beer voting and notes the London conference extending two weeks to obstruct play. The writer jokes about a U S army intervention to stop celebrations and laments the return of a delegations from the conference.
A temporary restraining order prevents the Page Trust Company from using assets to buy stock in the proposed Guaranty Bank. Judge A M Stack signed the order at Albemarle. It is returnable July 26 before Judge Stack in Rockingham. Named defendants include Gurney P Hood and several Page family directors.
The Public Works Administration moves to speed up federal construction with 66 million allocated from a 3.3 billion fund. Boulder Dam and reclamation projects receive over 40 million, with agri culture department improvements and water works, sewer projects, and road allocations in parks forests and reservations. The cabinet board aims to speed regional administration for state and local non federal public works.
Greenville County news reports 13,000 cotton mill workers in the area will see higher pay starting July 28 and 29 due to a recovery act wage increase. Mills hold back one week, boosting average weekly payroll from 143 dollars to about 208 dollars, averaging 16 dollars more per worker.
The United States plans new trade pacts with Argentina Canada Mexico and Latin American nations after the world economic conference. Talks with Japan also surface as officials seek reciprocal tariff concessions to boost cross border commerce. A Montevideo gathering is eyed for December to advance regional commercial ties under possible congressional review.
Electric production in North Carolina grows from 8.7 million kWh in 1010 to 1.62 billion kWh in 1982, reflecting a dramatic expansion in power output over the period.
In Shelby North Carolina on July 13 notes printed on white paper threatened three prominent Clevela county cotton growers. The notes warned them to sign up or face force and included skull and crossbones drawings wrapped around cotton stalks. Recipient A B McNalty said he had signed up to reduce cotton acreage after a prior opportunity.
Sir James Craig, a member of the Dail Eireann since 1921 and promoter of the Irish hospital sweepstakes, died here yesterday aged 71. He helped push the first bill legalizing sweepstakes to raise funds for hospitals.
Two of three kidnap victims remain with abductors as state police mobilize in New York Albany Greene county near the O Connell search. Abductors demand 250000 ransom while the O Connell family balks at negotiations. John J. O Connell Jr. is a six foot two inch athlete and Democratic leader heir.
Dr. W. W. Long of Clemson College reports 47,000 South Carolina farmers agreed to cut cotton acreage by 400,000 next year, with the state surpassing its 530,000 acre quota by Saturday night. Most chose the option plan, taking options on about 135,000 bales, while cash payers would receive roughly $530,000.
Chicago July 13 AP John Factor says $50,000 in 85s and 10s was paid to kidnappers for his freedom. He describes unconscionable torture and a 12 day captivity after a 12 hour sleep. He was released near LaGrange and denies ransom, while reports claim $75,000 to $200,000 was paid.
In the opening day of the Davis Cup final at Wimbledon Jack Crawford defeated England's Henry Austin 4-6 6-2 6-2 6-8 to put Australia ahead in the European zone.
Raleigh reports about 40,000 of 90,000 cotton farmers agreed to cut the crop by roughly 180000 acres toward a 363000 acre quota. State college officials said the campaign lacks a full report and Washington advised farmers may plant other crops between cotton rows, which would prevent market of those rows.
A squadron of 24 Italian seaplanes en route to Chicago arrives in Shediac Bay led by Air Minister General Italo Balbo. The formation maneuvers in the harbor as the fleet comes into view, marking a notable stop on the voyage.
A Payetteville judge dismissed charges that two chain grocery stores violated sales tax law by advertising tax absorption and failing to post required placards. The decision ends a dispute tied to alleged deceptive pricing practices.
The Secret Service has increased protection for the President’s family amid kidnapping concerns. Wood of the White House detail guards the 15 month old daughter of Mr and Mrs James Roosevelt while another operative monitors Mrs Anna Curtis Dall’s two children. Elliott Roosevelt’s youngest child also receives cautionary protection. No threats have been reported and actions are precautionary under the law.
The North Carolina State Baptist Young People's Union closes at Ridgecrest tonight after sessions attended by over 100 delegates in 10 study courses. Prominent state leaders participated in discussions and courses.
James M. Cox of Ohio urged the World Economic Conference steering committee to continue the talks despite the federal reserve board veto on central bank cooperation. He pressed for progress on silver and commercial indebtedness leases as gold bloc delegates argued over monetary matters. Washington was reportedly considering trimming objectionable features to permit discussion.
In Spartanburg on July 13, a federal committee heard from textile operatives about the stretch-out method reducing jobs and doubling machine loads. Workers like Iola Mae Loftis described forced hard labor and inability to fetch water. a manufacturer statement argued employment was not greatly affected and some workers found new roles. Open hearings paused for executive session with Greenville session planned.
Governor Ehringhaus granted Clay Fogleman a five day reprieve from execution after a lengthy march through the details of the W. J. Carter killing. Rockingham attorneys Gwyn and Glidwell urged doubts about testimony by Mrs. Carter and urged delay for judge and solicitors to weigh the case. The five day reprieve sets a new death date for August 4.
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