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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 26, 1931
Page
9
A Chicago thief stole a city auto license tag from Sarah B Muller and left a note and 50 cents on the car. The note read Buy yourself a duplicate. Duplicates cost 50 cents in Chicago. Muller later received a duplicate tag and kept the 50 cent profit.
The Pelham council under Mayor Mc Bride repealed the 10 year ban on Sunday motion pictures last night. Charts Bolte, long time opponent, was ill at home during the meeting.
In New York on May 16 the stock market moved from oscillation to a clear upturn. Bears faced a cautious response as short covering appeared, with U S Steel and American Can among gainers, while motors and rails showed mixed early strength and overall sentiment remained wary.
Cotton opened easy nine to fourteen points lower with July at 8.60 and December at 9.15 as weakness abroad and favorable weather weighed on sentiment. Trade bought and covered modestly, then prices rallied from the lows before closing barely steady to 9 to 12 points lower, with middling at 8.65.
Dr. G I Humphreys president of High Point College delivered the annual address at Rutherford College in Rutherfordton North Carolina. He will return home tonight and Sunday morning at 11 oclock will deliver the baccalaureate sermon to the High Point College graduating class at the First Methodist Protestant church.
Potatoes in Chicago on May 26 show dull activity with new stock mostly steady to slow. Prices for Bliss Trumps range 1.65 to 1.80 as Alabama and Louisiana trades, Texas 1.60 to 1.75, Idaho at 1.45 to 1.55, with total U S shipments 535 on track 175 and 108 on track for current stock.
A dense OCR style ledger lists numerous blue chip and industrial stocks with fractional movements and percentages. Companies named include Chrysler Coca Cola Du Pont Goodyear General Motors Mack Trucks Reading Seaboard Union Pacific United Fruit and Westinghouse with varied percent changes across sectors.
In Chicago on May 26 grain futures moved higher after an irregular opening. Reports of Canadian dust storms and Kansas crop deterioration influenced prices as Wheat advanced while corn opened down then recovered to gains.
Norman Blakely an 18 year old Negro was electrocuted at the state prison in Columbia for the 1929 murder of Greenville chain gang guard D. M. Garrett. Just before the electrodes were applied Blakely chatted and laughed with several persons in the death chamber.
A bond holders' committee began formal talks in Asheville at 10 30 AM to refinance about 35 million dollars in Buncombe County City of Asheville county school board and special tax district bonds. The process will unfold over several sessions with officials from city county and state agencies present.
Cotton in New Orleans opens softer with July at 8.62 and December 9.17 amid weaker Liverpool, favorable belt weather, and a stock market slide. A rally in stocks later steadied prices. mid-session quotes climbed and closes showed declines of 11 to 14 points.
Queens-Chicora college has met all requirements for a class A rating in the Southern Association and is set for full membership this fall. Trustee chairman McAlister Carson announced at commencement where diplomas were presented to 67 graduates and Frank R. McNinch of Charlotte delivered the baccalaureate address.
In San Diego on May 26 the Alexander Pantages trial and three co defendants continued with juror selection and the plan to raise defense counsel to 13. William Jobelmann, also tied to the case, dismissed his lawyers and said he would defend himself, promising disclosures about the alleged market operations.
In Russia analysts report oil companies project doubling output within two years. The forecast reflects plans by major producers to expand capacity, invest in fields, and boost exports amid rising demand and prices.
George H. Scott of Charlotte, special auditor for Buncombe County, testified in the case of seven men charged with using county credit to aid the Central Bank and Trust before its fall. He detailed the county's finances under former commissioners Newton M. Anderson, James Grimes, and J. O. McElroy as the trial proceeded. The defendants include Wallace B. Davis, Russell Davis, L. L. Jenkins, and C. N. Malone. The state says they conspired to issue over 3 million in tax anticipation notes and diverted funds to the insolvent bank, which held more than 8 million in public deposits at failure.
The American pavilion recreates Mount Vernon and was formally opened by Ambassador Walter E. Edge and C Bascom Slemp. Speakers included General John J Pershing, Andre Tardieu, and Paul Reynaud who praised Franco American ties and the modest symbolic tribute to Washington.
Stockholders of five of 14 textile mills approved a merger into Textiles, Inc., a $17,500,000 corporation, at meetings in Gastonia. The mills voting were Priscilla, Arkray, Arlington, Gray and Myrtle. Meetings for the remaining mills were scheduled later today.
Solomon Byrd, 20, was found on Horse Island in Big Hell Hole Swamp near Moncks Corner. His stepfather Charlie Williams alias Cowart was arrested after a monthlong search and a $25 reward, and he reportedly confessed to killing the youth over jealousy regarding his wife.
The Tennessee House authorized a committee to decide whether to recommend impeachment charges against Gov. Henry Horton. The move follows a legislative investigation alleging Horton was influenced by Col. Luke Lea and Rogers Caldwell amid Caldwell’s bank collapse affecting nearly 7 million dollars in state funds. The vote to appoint the committee passed 71 to 25 with Speaker Haynes to name members.
J Conyers Flowers a 45 year old overseer of the David R Coker farms Hartsville is jailed in Darlington on a murder charge. Inquest quotes him saying the victim Melvin Proctor aged 33 Hartsville furniture salesman had ruined his daughter. Proctor was shot at a filling station in Antioch.
The Nandydroog gold mine in the Kolar fields suffers a deadly fire with 47 miners confirmed dead and more than a score missing. About 39 miners were rescued and rescue teams continue to search as grieving families gather, with shaft yard scenes of weeping women.
Hollywood star Bebe Daniels will retire from films for several months starting around June 1 to await the birth of her child in September her husband Ben Lyon said today.
Carl Hubbell limited Boston to two hits in the first game of a doubleheader, guiding the New York Giants to a 3–0 victory. Boston Braves failed to dent the scoreboard through the nine innings.
Havana May 26. After two days of calm tension returns as President Machado remains non committal and defers reform to congress. Opposition leaders push for conciliation or revolution with General Mario Menocal warning revolutionary sentiment runs high among leaders and people.
Mrs. Margaret Summers a 47 year old widow was held to the grand jury on four charges of murder after a coroner's jury found evidence that four men who died in her home were victims of slow poisoning. She was found to have beneficiary in life policies for ten people, five of whom died at her home. The coroner's chemist testified that Thomas Summers 87 her nephew Thomas Meyers 17 and two boarders William Reman and Thomas Lanagan died from poison with Lanagan afflicted by acute poisoning. Exhumation revealed new findings and organs of Reman found missing with traces in mud. The inquiry followed the death of the Otis boy on May 14 and spurred a broader investigation into his death on August 9.
In Canada more than 3,000,000 acres of land are under cultivation, reflecting a substantial expansion in agricultural activity. The figure underscores growing output potential across provinces and may influence crop planning and market expectations.
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