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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 02, 1929
Page
5
Cotton prices declined moderately in New Orleans as long holders cut positions and ring selling grew on hopes of larger acreage and a bigger crop. July slid to 18.10 with October at 18.13 and December 18.27, closing near session lows amid ongoing liquidation and weak Liverpool cables. Receipts reached 3,405 for the year, 9,235 to date.
A $35 reward is offered if Dr McCrary's celebrated remedies fail to provide complete satisfaction in any Pellagra or Hookworm case. The advertisement promises a big 50 page book and full details of the offer for free from Dr W J McCrary Inc Dept A 20 Carbon Hill Alabama.
Exports amount to 5,890 with year total 7,419,367. Last year exports were 6,831,688. Stock stands at 1,094,443 versus 1,190,788 last year. Stock on ship board is 86,016 down from 11,117. Spot sales total 3,651, down from 5,996 last year.
Charlotte June 1 A further decline was noted in the general list of Southern Textile shares during the past week. The average bid price of 25 common stocks stood at 96.04 at the close, down from 97.08 the prior week, in Southern Mill Stocks as compiled by R. Dickson & Company. Volume for preferred shares was lighter, with interest centered on higher grade issues.
Cotton goods market opened quiet with prices unchanged in New York. There was scattered light inquiry and sales of various cloths but no pronounced buying movement. Burlap cables showed little change in Calcutta and raw silk remained quiet with firm prices. Silk prints sold well for late summer at fair prices.
The market for cottonseed oil futures ruled steadier in sympathy with firmer lard and grain. Prime summer yellow oil closed at 8.45, prime crude at 7.50 to 7.75. Futures closed steady with June 8.45, July 8.50, September 8.70, October 8.75, December 8.65.
A compact note credits eggs with a complete diet in miniature, likening their quality to that of milk. The observation highlights the nutritional completeness of eggs as a standalone food source.
Bulls push utilities higher in the final session, lifting the AP 20 index to a record for leading utilities while rails and chemicals gain. Trading was light at 1.53 million shares, with brokers loans trimmed yet credit concerns persist amid weekend rate expectations and a potential 40 percent stock dividend rumor for Atchison.
Dr Paul W Wager lauds Cleveland county manager form as successful since 1927. Austin E Cline, elevated from chairman to manager, acts as accountant with Mary E Yarborough assisting. Budget system adopted early, finances audited, sheriff reports low delinquent taxes, all indicating smooth, trusted governance.
The 1928 value of locomotives and parts manufactured in the United States totaled 86,160,670 dollars, reflecting significant output for the industry that year.
The city of High Point North Carolina invites sealed proposals by June 4 1929 for the construction of a fire station and garage on North Wrenn Street. Bids marked Fire Stations and Garage Building require a five percent certified check per contract. Plans available at the Architect’s office. The city may reject any or all bids.
Washington June 1 P Representative Fish Republican New York proposes a four year rule allowing athletes who played three years at other colleges to play only one year on army teams. He argues this would unite the academy programs and curb disadvantage to West Point while aiding inexperienced cadets to compete.
Havana reports the Canary Islands bought Cuban jelly and paste totaling $155000 in 1927. Other buyers listed by the treasury department include the United States $34514 Porto Rico $14789 Panama $3645 and Spain $3508.
A compact note mentions three places with distinctive names: a river Y in Amsterdam, a city U in China, and a town A in Sweden. No events or figures are described.
The United States remains the top leather producing nation, maintaining its position as the largest source of leather globally due to extensive cattle hides and processing capacity across major tanneries and industrial regions.
New York June 1 The active Saturday bond market saw convertibles and foreign issues advance, with European bonds led by German and French issues gaining on the reparations settlement. Atchison 44s closed at 120 1 2 and Missouri Pacific 54s at 108, up fractions. U.S. government securities remained irregular overall, but the average yielded a firmer tone.
City fathers received an unusual petition asking the city to tax petitioners. Vendors of leis complained that children and volunteer peddlers ruin their business and urged a license fee of 25 dollars.
A historic note states the first pawnbroking house is said to have opened in Bavaria in 1198, marking an early milestone in money lending and collateral practice.
A sizable influx of rabbits into England surpasses forty two million, indicating a booming livestock trade. Officials note the large import volume reflects growing demand for meat and fur products, with traders citing steady market prices and extended import routes.
Moderate rallies followed an opening decline as liquidation returned in the New York cotton market. October slid from 18.36 to 18.22, closing near the day’s low with net declines of 7 to 10 points, while July and December moved modestly higher before slipping again.
Brigadier General Herbert M. Lord retired director of the Budget since 1922 relinquishes his governmental duties. He will vacation a month then join Arthur S. Kleeman Co. in New York as an investment broker. President Hoover expresses regret at the resignation.
In Warsaw Polish health institutions built with American aid have shown high efficiency in battling tuberculosis. Mussolini has dispatched an Italian mission to study these facilities and their methods.
Reports say an amazing treatment halts epileptic fits. R. Lepso of Milwaukee offers the treatment free to all sufferers, inviting afflicted individuals to write for the generous offer with their age.
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