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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 20, 1931
Page
8
The report lists varied gains and losses across major equities with notable activity in chemical, aviation, and consumer stocks. Sector moves show volatility as investors react to earnings and market shifts, with several blue chips posting modest gains while others slide.
Wall Street opened on a good note as international conferences in London fostered a friendly atmosphere though forecasting lacked. Trading was light with certain names like Lorimeri Sears Roebuck and Chrysler drawing attention as shares rose about a point before easing then recovering.
A five room residence with furnace heat and all conveniences in a good neighborhood seeks exchange for a seven room residence in a good residential section with all conveniences.
Build in Colonial or Sunset Drive with all street assessments paid. Close to golf course high and junior high schools in a hospitable, oak shaded area. Lots priced at 500 dollars cash to claim.
Chicago reports a light trading pace with 125 potatoes on track and 0 shipments on the day. Stock quality varies with Missouri cobblers selling from 1.05 to 1.20 and Arkansas Triumphs at 1.50 to 1.75, while Oregon prices reach 2.00 and east shore Virginia cobblers 2.50 to 2.60 amid decay in Norfolk.
New York cotton trading opened steady with gains of 8 to 16 points as trade and spot houses bought amid favorable European developments and weather worries in the cotton belt. By midday offers held around 9.56 for October with overall net increases of 5 to 14 points before selling pressure limited gains.
Chicago prices reflect corn weakness on selling pressure and mixed demand for wheat despite a large rise in the U S visible supply. Wheat holds steady as oats dip and fats, with trading showing unsettled moves across July and September contracts.
Chicago hogs packed at 6.00 to 7.85 per hundredweight with various weights listed. Cattle and calves active with steers 600 to 1500 pounds at 6.50 to 8.75, heifers 7.00 to 8.50, cows 4.25 to 6.00. Sheep 18,000 with natives 7.25 to 7.75 for best lambs and 5.00 to 5.75 for feeding lambs.
General Pershing lauds the courage of American Negro soldiers buried in France in a speech to mothers and widows during a reception hosted by Mrs. Walter E. Edge. The event took place in Paris on July 20.
President Hoover returned to the White House this morning from his Rapidan camp where he had spent a quiet weekend.
All gun crews of the British Navy are fitted with gas masks. The equipment aims to allow gunners to stay at their stations during a gas attack.
Cotton futures in New Orleans rose as traders anticipated favorable foreign financial signals and late-day weather reports showing excessive rain in key belts. October and December hit new highs before settling near the day’s top with gains of about 30 to 36 points.
Mining engineer 8. T. McKinney of Albuquerque discovers gold in old railroad yard debris beside abandoned smelters in Salida Colorado. He offers seven and a half percent of net smelter returns to clean up the dirt pile at the Denver and Rio Grande Western yard, a former ore transfer site.
A humorous service piece advises on knee appearance and care. It notes knees may matter less than hands and face except in summer and offers a short treatment tip using a pumice stone to smooth rough, dirty knees.
London reports on Bob Body, 70, who supplies canes by cultivating ash plants shaped in his garden. For 560 years he has provided canes to customers nationwide, training the plants to his desired forms.
Heflin charges Caine Crear of Jasper Alabama now serving as personal representative to Senator elect John H Bankhead with ballot stuffing in the 1930 Heflin Senate race recount in Washington. Heflin forces demand removal amid disputed election contest and allegations of fraud.
Ish war veterans oppose pauper’s clause in any bill affecting their group and demand government support based on service, not charity. Rice W. Means of Colorado, former US Spanish War Veterans commander in chief, delivered the keynote at the eighth annual encampment in Raleigh. Senator J W Bailey pledged backing in Congress, stressing measured aid as an obligation, not charity. The encampment opened with a memorial service. a parade is planned and officers will be elected.
Eight gunmen tied to Dutch Schultz's outfit were arrested as state police and detectives seized pistols, shotguns, rifles, 1500 rounds of ammo, and a bloodstained car after raids near Cairo and Coxsackie. They supposedly planned to ambush Legs Diamond on his Catskills return.
Raleigh July 20. Attorney General Brummitt began an inquiry into alleged unfair practices by major oil firms with filling station operators in the state. About a score of witnesses, including reps from Standard Gulf and Shell, described contracts and fixed purchase prices. Brummitt plans to finish tomorrow and decide by early September after reviewing transcripts.
Paris traffic policemen are issued luminous helmets, described as halos, to improve visibility and safety when directing cross traffic amid motorized road use. The new gear aims to help drivers notice officers quickly and reduce accidents.
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