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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 13, 1930
Page
11
New Orleans cotton prices opened irregular yet active with Dec at 11.15 and Mar at 11.6 before profit taking pulled Dec to 11.98 and Mar to 11.52. After an hour, values steadied with slight recovery, closing barely steady with modest declines of 12 to 17 points from yesterday’s close.
Stocks extended a three day rally in a steadier session led by copper shares and large crust of blue chips. American Smelting rose about four points while Consolidated Gas Dupont and Woolworth gained two to five points. Short covering surged with rumors of punitive measures denied and official rates steady as call money hovered near one percent.
Washington reports for Aug 1 to Oct 31 the census bureau’s figures show cottonseed crushed at 1,664,138 tons, down from 1,911,110 tons a year earlier. Mills held 1,081,393 tons on Oct 31, versus 1,177,666 last year, with crude oil and refined oil production and stocks also listed.
Cotton opened steady in New York with negligible changes as early Liverpool cables show covering and buying. Dec futures rose from 11.04 to 11.12 before pausing near 11.08, while other contracts moved within narrow ranges amid steady trade and ongoing hedging.
The list shows prominent firms trading and values for Am Beet Sugar Am Car Fdy Am Can Anaconda Armour Beth Steel Chrysler Coca Cola Gen Motors Packard United Fruit US Steel Western Union and more. Investors monitor declines and gains across industries including oil tobacco sugar and defense amid fluctuating market activity.
North Carolina Baptists at a Raleigh convention condemn lynching and endorse prohibition while pledging to support anti-lynching measures and assist negro churches. They urge voters to back candidates favorable to prohibition and caution against politicizing the issue. Dr. W J McGlothlin warns Southern Baptists risk decline if giving trends continue.
In Detroit on November 13 a man named B Krishna, revealed as Shamson Rahman, was jailed after claiming to foretell names and predict lottery tickets. Postal inspectors arrested him following questions about criminal intent and potential postal fraud.
The Federal council of Churches assured the President's emergency employment program and urged churches to organize local employment committees. James Myers, the council's industrial secretary, said churches nationwide are actively aiding unemployment relief and called for coordinated action with social agencies and government bodies.
New York November 13 Clemson's proposal to play New York University in a post season charity game was shelved in favor of a Colgate versus New York University match set for December 6. A mayor's committee spokesman said the offer was appreciated but the committee preferred two outstanding bookings if possible.
Greensboro news reports that J. T. Chilcutt's will leaves his 175 acre Guilford county farm to New Brooks and his wife Martha for decades of faithful service to him and his father. Wilbert Brooks will inherit $1000 at age 21 as part of the same will.
Stickney Boyd of Wilson was elected president of the North Carolina State Florists Association at its convention. He succeeds C. N. Hibbard of Durham. J. J. Fallon of Raleigh became vice president, and R. E. Gunnett of Winston-Salem was re-elected secretary treasurer.
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