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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 18, 1935
Page
11
Cotton futures in New Orleans opened sharply lower with May slipping from 10.60 to 10.20 as July fell to 10.26 and October to 9.99 amid Liverpool weakness and foreign selling. The market closed weaker by 44 to 58 points with similar declines across active contracts and intense early activity.
Chicago high school student Adolph Kiefer, age 16, swam the 100 yard backstroke in 59.8 seconds becoming the first to go under a minute. His feat marks him as a potential challenger to Japan in the 1936 Olympic swimming events.
The trading session shows a broad range of price changes with several hit new highs while others slipped. Notable movers include major rail and industrial stocks with sectors like autos, energy, and utilities contributing to a volatile overall tone.
Chicago price report lists unsettled butter and bee sales with grades and percentages. Butter ranges include extra firsts and standards with 28 to 30 percent reported values. Bee prices show fresh firsts and current receipts around 19 to 21 percent.
Cotton futures in New York opened weak with 24 to 41 point declines on lower Liverpool cables and active liquidation amid weak demand. March at 10.60, May 10.66, July 10.60, October 10.25, December 10.22, January 10.20. May dipped toward 10.30, while active months posted sizable early losses before partial recoveries.
Chicago market reports show hogs 13 000 head about 10 cents lower overall with varied weights from 200 to 350 pounds. Cattle and calves total around 14 500 with steer and veal prices near steady. heifers and stockers slightly softer amid a broad spread of weights and grades.
The list shows varied lot descriptions and price ranges for different cattle grades, including ibs weights from 550 to 1800 and terms like heifers cows and common and medium. Prices range from about $0.256 to $14.25 per unit, with multiple weight bands and quality terms.
Securities markets weakened after a militarized weekend as European news spread. Stocks including B Steel and Telephone hit new lows since 1938, cotton and grains slid at open, later recovering some losses as trading continued. Gold currencies rose while the British pound fell, depressing American commodity markets.
North Carolina reports 195 violent deaths in February 1935 up 54 from a year earlier. Auto accidents show a major jump with 5 deaths this February against 56 last February. Total deaths 3,286. births 6,511. influenza and pneumonia climb. Birth rate 23.4 per thousand.
The article reports a court ordered probe into prison camp conditions as ex convict Carter recounted brutal treatment at Stony Fork Mountain camp and burying a prisoner. The Mecklenburg inquiry follows reports of amputations from solitary confinement and foot injuries while others praised camp management in Wilkes Watauga and Caldwell counties.
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