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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 29, 1935
Page
2
Chicago July 29 market notes show unsettled butter at 13 140 with 23 24 percent ranges for creamery scores 93 and extras 92 90 01. Firsts 88 89 21 percent, seconds 86 87 20 percent, standards 90 23 percent. Eyes 9 411 firm Gitra firsts 6 23 23 percent. Fresh graded firsts 22 23 percent and storage packed firsts at current values.
Hogs 11 000 head to 10 cents higher than Friday with good and choice 180-250 lb hogs at 10.65 10.80 top 10.85. Sows 9.35 9.50, pigs scarce. Cattle 9 000 and calves 2 000, fed steers and yearlings strong to 25 cents above last week, top 11.90, better grades 10.50 plus.
The market shows yearling heifers 15 to 25 cents higher with most cows strong and bulls steady. Stocker and feeder trades stay about steady as Montana grassers range from 7.26 down to 5.75 while cattle sales mostly hover near 9.75 to 10.90 for select heifers.
Cotton futures in New York opened 3 to 7 points lower due to disappointing Liverpool cables and slow demand with October around 11.60 after the first hour. Prices closed steady but lower with spot middling at 12.05 sidestepping broader gains.
Opening prices slipped 3 to 5 points on the July 29 session with Oct at 11.50 and Dec 11.37, Jan 11.86, May 11.32. Cotton futures closed steady after net declines of 6 to 14 points as trading ended in New Orleans.
Dispatches from El Retiro report six people killed yesterday when a tri-motored plane crashed near there. The dead include Colonel Olano of the government aviation corps, a Pensacola graduate, engineer Juan B. Gonzales, a German national, and three mechanics.
The Tennessee House of Representatives voted 48 to 41 to table a liquor legalization proposal tied to an old age pension bill. The move delays action on a measure that would regulate alcohol sales while pursuing pension considerations.
Judge Martin defended the Agriculture Adjustment Act as vital for farmers and national welfare. He said Congress set the taxed products and rates and allowed the Agriculture Secretary to implement the tax. Attorney Hugh Mageveney said an appeal to the Supreme Court would be filed.
The court decision upholds tax legality for the AAA crop control referendum from June. Contracts allow termination by growers or by the agriculture secretary, with safeguards on land moved from flue cured production. Cooperating farmers must offset removed acres with soil-improving crop land, and benefits will pay sharecroppers and tenants. Local administration costs come from adjustment payments.
The House of Commons reported on July 22 that Britain was abandoning naval ratios under the Washington treaty and pursuing a program to build a capable defensive navy. Projections show in 1985 a fleet of 15 capital ships, 50 cruisers, 84 flotilla leader destroyers, 38 submarines and carriers. by 1942, 14 capital ships, 72 cruisers, 142 flotilla leader destroyers, 57 submarines and 10 aircraft carriers.
The record shows officials discussing Hopson's alleged profits and influence by advertisers. Burroughs, VP of A. G. E., said Hopson would appear once the committee requested him, while Ross, an accountant for the New York state utility inquiry, testified on Hopson's profile. Senator Sechwellenbach is noted in the testimony.
Answers include sugar for mortar, H Rider Haggard author of King Solomon's Mines, about 2 million miles of state highways, a cul de sac as a dead end street or blind alley, and Bordeaux as the World War era move of a government seat from Paris to the city inland.
Ross testified that between 1924 and 1929 Hopson received half of a $1 357 000 profit from one investment after putting in 46000. He said operating companies paid Hopson’s firms about 8 million during downturns for services with no discretion over amounts. He noted private companies charged several times service costs and that many officers with large salaries led both private and holding companies, suggesting their loyalty lay with the companies rather than stockholders.
Roosevelt's tax program moves forward as Congress hires. Senate defeats adjournment plan 52 to 19 while House blocks similar delay. Meeten cites Camden plant union as radical. AAA amendments face conference, deficiency and banking bills sent to conference. Brewers seek beer exemption from federal control. McCaran air transport regulation endorsed for Senate subcommittee. Newspaper publishers back food and drugs bill.
A new Nazi decree would allow non Aryans to serve in active military roles if they have two Jewish grandparents. The measure defines non Aryan by any grandparent of non Aryan origin and follows a broader Nazi campaign against Jews Catholicism and war veterans. Reports link Heinrich Himmler to interior ministry potential appointment as Nazi controls tighten.
The German press criticized Mayor LaGuardia and the Washington administration for their handling of anti German activity. The Bremen incident and the dismissal of a masseur license to a German were cited as examples. The Ashington government faced protest over anti German actions and German public opinion demanded guarantees. Untermyer and anti German propaganda accusations featured in the reports.
Chairman Doughton of North Carolina opened the full committee review of a tentative tax bill tied to President Roosevelt's wealth distribution plan. The draft raises taxes on inheritances and gifts, increases corporate levies from 13.25 to 14.25 percent, and defines new schedules for incomes above high thresholds.
Ethiopian foreign minister Belaten Gueta Heroup said Ethiopia rejects limiting arbitrators' powers and urges League of Nations to decide jurisdiction over the dispute. The Scheveningen conciliation broke up after Italy blocked Ethiopian testimony on border sovereignty over Walual, with a Mussolini hinted return to the commission.
Oklahoma City Governor BE W Marland performed a song at a press conference describing it as the theme of a recent gathering of state politicians and influential business leaders. The excerpted lyrics centered on unity and cooperation, signaling a lighthearted moment amid political chatter.
Two white men, Herbert S. Emory and C. H. Hocutt, were jailed on open charges as Durham hosiery workers entered a second strike week. Police say they led a mob at the No. 1 mill gate while 1,000 gatherers tried to halt operations. Emory allegedly assaulted a woman and Hocutt disorderly conduct. 65 workers were on strike, with U S Labor conciliator D Yates Haefner continuing talks.
Greensboro July 29 Two Negroes David Gunn and John Gilmore were placed on the grand jury of the Superior Court with T J Shaw presiding Palmer Goodspeed named foreman A number of true bills were returned Vernon Motley of High Point indicted for breaking into Mrs Ethel Wagner home July 1 and stealing $5 and a purse James Hailey of High Point indicted for stealing an $800 car from Mary Simmons on July 23 Curtis Pressley of High Point on trial at noon charged with reckless driving.
Chicago July 29 A holdup and pistol battle at the Chicago and North Western station left two dead and a gravely wounded policeman. Elevator operator Dan Haskell 46 died blocking the raiders’ flight from a lobby drug store. Robbers involved were four men. Sam Manno 22 was wounded and died later, three others escaped. Detective James Frawley was seriously wounded when a bullet struck his jaw.
Optimism ruled most markets today as gains in stocks and rails lifted sentiment. A rally in buying pushed stock prices higher amid renewed hopes of a sustained uptrend, despite soft spots in grains and mixed cotton. The guilder recovered as Amsterdam political tension eased, aiding foreign exchange, while secondary rail bonds improved and several new yearly highs appeared.
Of the 249 airplanes produced by American manufacturers during the first three months of the year 193 were for domestic civil use 84 for military purposes and 72 for export.
Ryleigh July 29. James H Pou prominent North Carolina lawyer died at his Raleigh home at 9 40 after poor health. Funeral from his home tomorrow at 10 with Rev P Miller officiating. Interment Oakwood cemetery. He was born 1861 in Tuskegee and practiced law since 1885 in Smithfield Raleigh and led Pou and Pou with James Hinton Pou Jr. He served in the state house and senate and chaired the state Democratic executive committee in 1894.
Canon City Colorado July 3 John Hull accused of beating his 11 year old son for turning sissy cringed in solitary confinement as low prisoners muttered. Prisoners at a ball game cried put Hall out here in crowd and the Colorado Spr icks won’t have to worry. The beating occurred in Cole Springs and the boy was believed to recover from 19 wounds.
Raleigh July 29 new cases of infantile paralysis were reported over the weekend bringing the year total to 473 with cases from Brunswick Johnston Duplin Guilford Halifax Rockingham. The disease remains centered in the middle state with about 864 still contagious. Six new typhoid fever cases were reported including Buncombe Ashe Craven Haywood Lee raising the year total to 310.
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