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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 25, 1931
Page
11
Cotton opened steady with December up 3 points while other months eased one to two points as traders noted holiday hedging and selling. Early gains faded into modest declines with January around 6.16 and May about 6.51 as selling picked up amid weaker grain and stock markets and limited Liverpool demand.
Washington headquarters of crusaders hailed Richard M Kleberg's win in Texas fourteenth district as a dry south opening. The group said the victory would spur militant crusader battalions in the south and endorsed Kleberg and Carl Wright Johnson, both anti prohibitionists, against Do W Anderson who had WCTU support.
Fresh weakness dominated the financial markets as wheat and grains sold off, cotton failed to hold gains, and the pound and silver dragged shares lower. Rail earnings showed a 25 percent revenue drop, with major rail and steel issues sliding to new lows amid a cautious European outlook and steady call money at 2.5 percent.
In New Orleans on November 25 the cotton market opened steady with futures barely up before turning easier. December slid to 6.09 and January to 6.13 while March fell to 6.81 as hedge selling and stock weakness weighed on prices ahead of the Thanksgiving holiday.
North Carolina tobacco markets held strong on Tuesday as floors cleared with little price change. Farmville moved 475,944 pounds at 9.16 per hundred, Greenville set a new record with 1,646,694 pounds at 9.51, Wilson sold 1,481,044 pounds at 10.51, with Tuesday estimates near 1.5 million pounds.
In Ann Arbor Michigan on November 25 Stewart H Redner a University of Michigan law student tested a theory that public men do not hear what is said to them when meeting common citizens He introduced himself to Governor Wilber M Brucker and after saying I killed my grandmother to day Stewart shook hands The governor replied I m very glad to make your acquaintance The governor later said he heard what was said but Stewart claims the theory was proved with this exchange.
Tom Mix a famed cow boy of the screen and circus was near death after appendicitis rupture. He spent a fairly comfortable night and doctors warned it may take three or four days to pass the crisis. Physician statements stressed his constitution and courage amid the serious condition.
Hogs 22 000 head including 6 000 direct with 15 to 20 higher. 170 to 210 lbs 4.55 to 4.60 top 4.65. 220-280 lbs 4.50 to 4.60. calves 2 500 with army of steers and heifers showing varied price ranges. cattle 13 000 with steady to firm trend, best heavies around 12.25, cows 4.00 to 5.25. sheep 15 000 mostly steady to strong with native lambs 6.00 to 6.50 and feeding lambs 4.50 to 5.00.
In Paris on November 26 representatives from smaller League of Nations powers reportedly backed China amid Manchurian talks. They criticize major powers for weakening the covenant and warn evacuation terms may be essential to any proposed Manchurian resolution. Dr. Alfred Sze receives instructions from Nanking as a private meeting is scheduled.
Garrow warns the Farm Board stabilizing efforts threaten 85 percent of cotton marketing and may bankrupt the industry by propping prices with loans and futures, while a coroner orders Mrs. Pickett held in a poisoning case. Legislation is urged to end direct stabilization and liquidate stocks orderly.
Children across the city dig into stores to find toys for a free toy matinee at 10 a.m. Saturday at the Paramount theater. Mothers contribute used toys for High Point’s welfare board to distribute to needy children with no charge.
Private Citizen James J. Walker of New York arrives in California to press Governor James Rolph Jr. for a pardon for Tom Mooney. Rolph and Walker plan a formal meeting next Tuesday as Mooney seeks a pardon based on false testimony.
Congress debated farm policy as Stone and other farm leaders attended. The Debenture plan would boost crop prices by issuing certificates equal to half tariff value for exporters of surplus commodities, usable for import duties. Grange leaders pressed for export debentures and new methods to raise exportable crops within a sound legal framework.
Charles O'Dell, 53, was found shot to death in a cabin on his farm near Reidsville. Police say he apparently killed himself by firing a shotgun at his heart with a stick. no motive was given.
Joseph M. Spencer 7% of Trinity Route 1 died at 1 30 PM after months of illness. A Poplar Ridge Friends church member active in community work, he focused on the church schools and road building. Survived by wife Cynthia Kinley and six children plus one sister. funeral likely Friday at Poplar Ridge church after son arrives from Indiana.
Alf Taylor known as Uncle Alf, Tennessee native and longtime public figure, died after a night of illness. He served in the national house, sought governorship in 1889 and 1922, and left a fatherly footprint in Happy Valley with fox hunting. Bob, his rival, died as a U.S. senator. Alf’s family included ten sons and two daughters, with many at his bedside.
E. L. Snyder of Archdale reported to police shortly after one o clock today the loss of a pocketbook containing about 150 dollars. He said it must have slipped from his pocket as he drove his road cart from his home to the city.
A forest fire in New Hanover and Pender counties has scorched about 10 000 acres of timberland and threatens Wilmington. The blaze, active for a month and re-ignited this week, damaged telephone lines and structures, with residents reporting smoke over downtown streets as crews work to contain the fire along Route 40 and the river. No damage estimate was available.
Albert Harvill a 24 year old white man said two strangers in a green wheeled Ford roadster offered him a ride toward his Greensboro area job. He claimed they insisted he ride as their guest, beat him after about ten miles and forced him out seven miles from Asheboro. He described the assailants as short stocky men about five foot six and 175 pounds with dark hair.
Dr. Phillip Melvin will move his Johnson Street dental clinic serving about 450 children to Oak Hill school during the Thanksgiving holidays and begin work there on Monday. Final tasks at Johnson Street are being completed today.
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