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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 29, 1916
Page
4
The United States faces a protracted border tension with Mexico as leadership vacuum and chaos grip the republic. Analysts weigh intervention, its costs, and potential gains in restoring stability and renew capital flows amid disrupted oil and mining sectors.
The New York cotton market opened steady on June 29 after a morning decline of 2 to 3 points. October rose to 13.21 while December advanced to 13.37, with futures quotes showing January at 13.38 and March at 13.36 as trading began.
The Mexican situation boosted early trading with Specialty issues up 2 to 4 points and Mexican Petroleum up 10 points. Other actives including rails, war groups and metals rose 2 to 3 points as United States Steel opened at 96 5/8. Market reaction showed 1 to 4 point gains amid profit-taking in the first half hour.
Wheat prices declined despite higher Liverpool quotations and ample domestic supply. Opening bids showed modest gains of up to a shade, with July futures around 1004 to 101 and September near 1.04 to 1.9494.
The Western Pacific railroad was sold at public auction in Oakland California for 18 million dollars to the road’s reorganization committee under orders of the United States district court. The price met the court’s minimum and was paid with first mortgage bonds turned over by holders to the committee for forward reorganization.
A columnist argues the wealthy should pay both inheritance and income taxes. The piece critiques a potential tax policy linking fortunes to ongoing levies, urging fair taxation aligned with earnings and wealth transfers.
The entire Thacker stock of men s fur nishings and low shoes goes on sale to morrow at greatly reduced prices.
The mobilization of southern state National Guards for Mexican service nears completion. About 20 000 soldiers in Virginia, Pennsylvania, South Carolina, Tennessee, Alabama, Florida, Mississippi, Louisiana, and Georgia camps, with North Carolina due in Morehead City. Troop trains prep for border move. governors issue calls for volunteers as recruits fill camps rapidly.
Tomorrow marks the opening day of the Thacker men's furnishings big clearance sale with every article of merchandise reduced. The event promises deep discounts across suits, shirts, and accessories as the store clears stock.
Mexican soldiers looted numerous business concerns and homes in Nogales Sonora. A shipment of silver bullions worth 25000 dollars from Wells Fargo offices was seized and later moved to Magdalena. Attempts to ship automobile accessories and clothing worth 100000 dollars across the frontier were blocked as military equipment. Gasoline was also blocked. Foodstuffs were loaded into freight cars after ammunition inspections.
All sixty chautauqua guarantors are requested to meet with Dr Wells at the tent this evening at 7 20 o clock sharp. Matters of importance will be discussed and each guarantor should be on time. Fred N Tate, Chairman.
Captain Bur rage of the battleship Nebraska in Vera Cruz reported the Dixie, crowded with American refugees, sailed from Tampico for Galveston and should arrive early Friday. He noted two children were born today aboard the Dixie to American women.
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