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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 21, 1935
Page
5
Cotton futures in New York slipped to fresh lows for the movement as July action closed with minor recoveries from the day’s bottom. Trade buying and covering left values little changed from the final low, ending with net losses of around 11 points in thin late trading.
Trading opens with a 14 to 21 point drop as selling pressure grows from lower Liverpool cables and favorable southern weather. October slips to 11.45 and March to 11.21 before offerings ease and minor rallies occur. Officials cite tight old crop spot supplies and a cot ton producers pool claiming 5,300,000 bales would be held in the pool.
New Orleans July 20. Prices across the cotton market fell as doubts about the federal control program rose. July and other months opened down, with declines of 7 to 18 points amid favorable belt weather and weaker overseas cables. July closed near 11.90 with other months lower, including October 11.48 and December 11.27.
The Rosaine Shop at 143 South Main Street is closed for a 10 day remodel and restocking. Manager Al Schwartz announced the overhaul with new fixtures and merchandise, aiming to reopen about August 1 as a more attractive ready to wear outlet.
Mr. Schwartz travels to New York to acquire an entire new line of fashionable fall merchandise for ladies coats suits dresses shoes millinery and accessories to be offered in city wear shops. The date of announcement will appear in The Enterprise advertising columns.
Summer heat fueled consumer demand and retail activity rose in most regions. Automobile and steel production stayed strong with steel at 39.9 percent capacity and auto output near 83,000 units, while wholesale centers show rising fall merchandise interest and improved stock levels despite weather dampening sales in some cities.
Market activity shows a mixed week with a sharp rise in some industrials led by GM and chemical firms, while overall totals fell 6.2 percent from the previous year. Analysts cite holiday-shorted sessions and lower daily averages as key factors in the subdued performance.
The screen actress Wendy Barrie notes dieting poses little trouble for her. She explains that weight gain is simply addressed by sipping milk between meals, as depicted in a staged scene.
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