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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 17, 1931
Page
9
Cotton opened steady with gains of 1 to 2 points as Liverpool cables and active trade buying support futures. January rose to 6.41 on the call, later touching 6.62. May climbed to 6.85 before backing off to 2 to 8 points from the day’s best as selling increased.
Mrs. Oscar Koenig said a remark about her Empress Eugenie hat provoked a disturbance involving a driver from Omaha and police intervened to settle the dispute in Council Bluffs Iowa.
After six sessions of decline the stock market regained strength as wheat prices climbed, with early losses erased and many blue chips rising. Leaders included U S Steel American Telephone General Motors General Electric United Aircraft and others as bulls gained confidence on renewed grain strength.
U S Dept of Agriculture report shows hogs at 170 to 280 pounds trading 4.45 to 4.60 with top 4.65 and pigs 4.00 to 4.25. Cattle and calves soften with be between grades slow. slaughter cattle quoted 6.00 to 12.60 for steers and 3.50 to 5.00 for cows. Sheep 16,000 head sell mostly lower with lambs 5.25 to 6.25 and feeders steady around 4.35 to 4.60.
The cotton market in New Orleans opened steady with Liverpool sa les better than due. December traded up to 6.39, January 6.51, and March 6.69 as prices firmed on improved silver and stronger stocks, despite early hedging and later minor realizations.
Brisk early upturns in grain prices in Chicago followed Liverpool wheat quotations higher than expected and reports of falling Russian wheat supply. Soviet grain collections reportedly down 62 percent since July. Wheat futures rose after an initial 3 8 18 cent gain as corn also climbed and demand absorbed profit taking. Oats tracked corn and provisions steadied with overall market strength despite hog price declines.
Potatoes at 46 cents on track 222 with total U S shipments 519. Wisconsin round whites 70 to 85 cents, Minnesota and North Dakota cobblers 70 to 80, Red River Ohio varieties 85 to 95, Idaho russets No 1 1.35 to 1.50, commercials around 1.10. Trade slow overall.
Penrod and Sam a Booth Tarkington comedy drama is set for Sunday at the Paramount High Point to aid the city welfare board. Proceeds from the 2 p m showing go to the unemployed with First National Pictures donating the feature. Short subjects open at 1 30 and run about thirty minutes before the feature, repeating for late arrivals. the program ends after 4.
The Italian minister told reporters in Washington that he favors peaceful cooperation among nations and economic recovery. He described the one year armament holiday as a goodwill gesture and outlined discussions with President Hoover and Secretary Stimson, noting no specific aims beyond ideas for recovery. He met officials, visited the tomb of the Unknown Soldier, Chief Justice Hughes, and Secretary Stimson.
Federal relief, private charity response, and world court adherence loom in Congress. Hoover proposes expanding federal farm loan banks and home loan credits totaling 1.8 billion dollars. Navy budget cuts and prohibition dynamics plus farm board reform debate dominate the agenda as hearings begin November 24.
Hawley criticizes proposed tax policy, arguing funds should come from those most able to pay. He notes Democratic plans depend on talks between the House Ways and Means and Senate Finance committees and other leaders. He cautions that until the administration presses tax revision, the party will follow its principle of taxing the best earners. No definite program can be announced now.
T. B. Hyde filed with the municipal court clerk a claim against the city of High Point for 1500 for injuries to himself and damages to his car after a defective railroad crossing at Redding street on November 15. He says the car was thrown into a ditch left by the city, causing damage and back injuries plus other injuries.
Paris residents embrace pet crocodiles sold by animal fanciers at 13 dollars each. Buyers are advised to purchase two as the reptiles reportedly pine away when left alone. The piece notes crocs sleep through winter and require no food.
A man found wandering near Bogota after days at sea is thought to be a survivor from the wrecked schooner Baden Baden. He was nearly demented and could only speak in incoherent phrases about being tossed in heavy seas.
Father Leary preached on happiness at St Edward’s Church Mission second night. He cited Christ’s Sermon on the Mount as the path to true happiness defined by poverty of spirit meekness mercy and purity of heart. He warned worldly wealth and pleasure do not bring peace but just restlessness without God.
Japanese officials say the league council should urge direct Chinese Japanese talks in the far east and reject European settlements. Tokyo blames Soviet pressure and China’s factions while secret talks with Canton leader Eugen Chen continue as Japan pushes for Manchuria demands.
Ira B Acres protests a court order allowing his father in law to sit in his barber shop to watch the cash register. He argues the man must dress like an employee, fearing patrons would think the father in law is an employee and distrust the shop.
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