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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 23, 1931
Page
7
In Chicago on March 23 the wheat market fell sharply as traders reacted to the Farm Board saying it would not defend prices beyond May. July 1931 crop wheat slid to 61 cents, a fresh multi year low, with corn also opening down and continuing to decline.
Duke University library in Durham reports the Brazilian collection has grown by more than 600 volumes over the past two years, expanding holdings and access for researchers.
The inquiry into magistrates courts and District Attorney Crain's conduct prompted a four hour Hyde Park meeting with the governor. Predictions that Mayor Walker's charges would be dismissed circulated, while Democratic leaders warned Tammany would protest if the governor acted against the mayor or district attorney. A Republican committee dispatch claims Governor Roosevelt blocked a broad probe to curb NYC corruption, noting rising demand for a sweeping investigation amid press and civic pressure.
Mrs. Mamie Pod of Cleveland displayed unexpected rodeo skill when she used a clothesline as a lariat to lasso an opossum perched on her fence. The improvised move astonished onlookers as she secured the animal with practiced swings.
Jacksonville man H. MacMillian lit a ten inch Cuban cigar on his 60th birthday igniting a blaze in his fire chest. The humorous tale notes he vowed to smoke until sixty and the event occurred six years late. A stray joke about Hindus is included in the report.
The stock market today again showed its ability to absorb bad news as losses persisted into trading. Early declines in Allied Chemical American Can and Case were partly erased. Auburn rose from a deep dip to trade above 220. News that the farm board would stop supporting wheat depressed sentiment, while Montague Norman of the Bank of England sailed for New York sparking talk of international silver stabilization.
Cotton opened steady today with declines of 1 to 8 points tied to disappointing Liverpool cables and selling in New Orleans. Market sentiment wavered after the federal farm board policy on the coming wheat crop. May and October futures slid to 10.91 and 11.48 before recovering slightly, while midday totals showed net declines of about 10 to 15 points.
New Orleans cotton opened quietly on March 23 as futures edged lower on bearish wheat price stabilization concerns. May fell to 10.77 with July near 11.02 and October 11.34 before a thinner decline, closing mixed but weaker across the board. gains and losses narrowed by that hour’s end.
An extensive list of stocks shows mixed gains with major names like Am Can and General Electric posting climbs while others slide. The report highlights fragmented performance across industries and sectors, reflecting a cautious market mood.
Chester H. Gray of the American Farm Bureau predicts the export debenture and equalization fee will replace stabilizing actions as the Farm Board eyes ending wheat operations. He notes the change will be championed by farming allies, not opponents, and warns farmers bear the load of price swings as the board retreats from crop nonloss matters.
Kinston dispatch reports Chief De Lanson Wilcox maps a local approach to juvenile delinquency as a wave of depredations by youths troubles the city. The piece notes the police chief's unique method as part of the response.
Police chief, with Recorder P. D. Croom’s approval, summons mothers of offenders to a back room and offers to whip the youths in presence or jail them. The tactic accompanies arrests that have reduced juvenile crime from a prior wave to a minimum.
Berlin’s Walter Riemann created a model ship that swims like a fish using finlike paddles instead of a propeller. He has reversed the design placing the blunt end at the front and the sharp end at the rear, altering its water flow.
Frank De Younge a Lake truck farmer donated 60 bushels of onions to be distributed to the unemployed residents of Cudahy Wisconsin. The act provides food relief to workers facing hardship in the city.
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