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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 24, 1929
Page
11
The call money rate rose from 7 to 8 percent causing an irregular market opening. Utilities and railroads led gains while several issues retraced later. gains included Southern Pacific and Pacific Lighting, with several rails and industrials testing new highs before profit taking.
Chicago livestock report shows hogs up 10 to 20 cents on stocks and 25 cents on weights. Butchers receive top prices for 250 to 300 pound hogs, calves steady with grain fed types active, steers and heifers mixed with steady to higher quotes, cows and bulls varying by weight and grade.
The City of High Point invites sealed bids for 878000 Bond Anticipation Loan Notes dated July 1 1929 maturing July 1 1932. Notes bear 6 and 5 3 4 percent interest with semiannual coupons and are payable in New York. Bids due May or July 29 1929 at 2 00 PM with bid deposit. city reserves rejection rights.
Three banks controlled by the New Jersey Bankers' Securities company were closed today by the New Jersey department of banking and insurance in Passaic. The Hobart Trust Company, the Service Trust Company, and the Merchants' Bank had their property and affairs taken over, with notices posted at doors. Depositors, including many women, gathered outside.
New Orleans July cotton futures opened fairly steady with early losses in Liverpool. Gains followed on favorable European and Far East news and weaker weather outlook, Oct and Dec rose to near session highs before selling pushed them lower. End of hour quotes left Oct at 18.59 and Dec at 18.76, with closings showing a net decline of 3 to 10 points.
Butter firmer with receipts 14 780. Creamery prices higher than extra 44 43 percent extra 92 score 42 39 percent first 88 to 91 score 39 42. Cheese steady with receipts 157 461.
The average speed for air mail and express services along U S airways is about 119 miles per hour.
The Daily News reports Dr. Joseph A. Blake, a 65 year old noted surgeon, has remarried a nurse named Drake after divorcing former Mrs. Clarence H. Mackay. The divorce was final in New York State last July, and Blake married ten days later in Toronto where his bride worked as a nurse. Blake rests in Eastbrook Maine with his wife, having retired. Details suggest the third wife is Miss Drake. Mrs. Mackay formerly Kathryn Dyer, mother of Mrs. Irving Berlin, and ex wife of Blake since 1914. The piece lists many names and legal actions surrounding the Blake family and related parties.
A Raleigh dated list shows about 150 names of prospective bar exam takers for August 19. The roster includes Edwin Avyselle, Delmo Allen, John Huske Anderson Jr, Barco Currituck, Leslie Aycock, and many others from Raleigh, Rocky Mount, Durham, Greensboro, Chapel Hill, and surrounding towns. The compilation features multiple regional attorneys plus varied towns like Greensboro, Winston Salem, and Asheville.
Two marines from Quantico barracks died in an automobile accident near Quantico Virginia in the morning. Private First Class John Manning of Milwaukee Wisconsin and Private Arthur Thomas Smith of Salem Ohio were the deceased. Private Kenneth Albert Cover of Youngstown Ohio was critically injured.
Reynolds described his arrest on the road and his attempt to calm a police doctor who joked he might be drunk. He learned the next day of Graham's injury and offered to help up to 500. On cross examination he noted Bargate’s sobriety is hard to judge, remarking he looks drunk when sober.
Ambassador Dawes spent time today with Premier Ramsay MacDonald just before the British Cabinet’s weekly session. No topic was announced for the discussion.
A forecast shows world wheat acreage for 1929 at 139,671,000 acres, over 2 percent lower than 1928's 142,683,000 acres. The estimate reflects trends in global production areas and planting intentions.
Multiple new corporations are chartered including Kennerly to Quarries Incorporated of Thomasville, Roanoke Bank and Trust Company of Rosemary, Wampum Spinning Company of Lincolnton, Memorial Park Company of Salisbury, Seaboard Gin Company of Seaboard, S Sternberg and Company of Asheville, Dual Investment Company of Black Mountain, and Morganton Golf Club Incorporated. Also notes wage disputes affecting market prices with October and January futures slipping amid weather report drift.
Cotton opened steady with a rise of 4 to 11 points and rose further as covering and commission house buying increased on steady cables. West Texas rains failed to materialize and the weekly weather bureau forecast sparked anxiety. July climbed to 18.68 and January to 19.38, approaching best levels after the first half hour. Continental selling was absorbed by trade buying in Liverpool, while the cotton cloth market showed weakness.
Heavy selling in newly harvested domestic wheat in the southwest pulled prices down. Wheat closed unsettled 1 1/2 to 1 1/4 cents under yesterday, corn down 1 to 1 1/2 cents, oats 4 to 1 cent lower, and provisions ranged 2 cents down to 7 1/8 cents up.
Three firefighters were badly hurt, possibly fatally, and two others injured when a Chicago fire engine overturns while dodging a collision with another unit en route to a fire. The report notes the global art silk industry employs 350 million people and has capital over 500 million dollars.
Mrs Julia Ann Horney 72 widow of Frank J. Horney died at home 116 Thurston street after a heart attack. Born March 3, 1857 in Randolph County she lived in the city many years. Survived by one daughter Ruby Horney and one sister Mrs Orlando Sykes. Funeral Thursday 10:30 a m at home conducted by Rev Tom A Sykes with Oakwood cemetery interment. Active pallbearers listed. honorary pallbearers named.
Core buyer sentiment lowers some quotes while futures close steady. American crop grades show slight declines across strict and good middling categories with totals varying. sales reach 3 000 bales and receipts show minimal American delivery. futures settle with July at 10 25 and the rest around 10.1 to 10.18.
Chicago July 24 potato market reports a steady tone with 430 railroad cars moving to supply demand. Kansas and Missouri sacked Irish cobblers mostly 1.90 to 2.00 per cwt while eastern Virginia barrel Irish cobblers reach 4.75, with some heat and 4.94 to 4.95 quoted.
A dance will be held in the Sheraton hotel ballroom tomorrow from nine to one. Music will be provided by Charlie Bodenhamer and his 10 piece orchestra of Greensboro.
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