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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 15, 1932
Page
7
Chicago market notes show unsettled butter at 7 112 cents with rounds of creamery specials and extra firsts listed by grade. Egg prices stand at 2938 unsettled, with carlot quotes for fresh graded firsts and refrigerator firsts and extras, plus current receipts and centralized carlot standards.
The New York stock market extended yesterday's sweeping gains in a short session with a few shares advancing a point or more early, but the mid morning carload figures for class 1 railroads disappointed some estimates. Final trading showed a mix of small gains and losses as turnover neared half a million shares. Santa Fe and Union Pacific fluctuated before ending near prior closes while American Telephone earnings for nine months drew attention to dividend prospects. Cotton fell and the Canadian dollar held firm in a firmer foreign exchange market with European currencies edging up slightly.
The Virginia World War Memorial Carillon was dedicated at Byrd Park Richmond with thousands present. Senator Alben W Barkley urged enduring resolve and duty for rights and peace. Delegations from fourteen allied nations joined in the ceremony before a 140 foot tower amid colonial and military uniforms.
Chicago report tells how Jerry O Connell left Belmont hospital for an accident and forgot his teeth. A supervisor on vacation blocked retrieval, forcing him to wait. Repeated visits found the teeth moved to the superintendent’s cafe for safety, but the superintendent was also on vacation.
In Lockhart Texas fireman William Scheel recalls a strange election aftermath. Two years ago he drank castor oil after Governor Ross Sterling defeated Miriam A Ferguson to settle a political debt with merchant Robert Blundell. This year the loser must take epsom salts for health.
Five masked men held up the Reliable Cloak Co. in South Camden. They tied up Joseph Less and escaped with about $2,000. The crime occurred today in Camden, New Jersey, prompting an investigation by local police.
The Fourth District Federal Home Loan Bank in Winston-Salem opened for business with Julian Price of Greensboro as president. The bank, capitalized at 10.9 million dollars, will accept mortgage loan applications to aid economic recovery and relieve citizens’ financial obligations.
Astronomers seek the vanished island Sarah Ann to place an eclipse observatory for the June 28 1937 total solar eclipse. Professors Kopff and Robertson urge German and other ships and observatories to locate the islet believed to be missing for years.
Rocky Mount NC buys its own bonds to strengthen sinking funds. In the last year the city purchased 68000 dollars of its bonds. Outstanding debt exceeds 1.6 million with 950000 tied to utility plants. Current surplus 194790 and sinking fund reserve 93964. A city manager government governs with Mayor M D Munn.
At the United Lutheran church biennial convention in Philadelphia a New York layman seeks an inquiry into ministerial pensions and relief funds. State Senator Elwood Rabenold moves to refer the treasurer’s report to the investment commission, citing $61,000 in foreclosure costs from pension board real estate holdings. The motion sparks spirited debate while Rev. Dr. Walton H. Greever is elected secretary.
Twelve banks with over 1.5 billion in potential home financing credit prepare to open at 9 am to consider loans from 134.9 million initial capital. Hugh H. Gordon says banks will avoid direct consumer loans unless needed locally and will back lending agencies first. Staff and systems to process loans expected within a week. Co F Benbow reports about 300,000 in North Carolina subscriptions since September 15 campaign. He remains in charge for two weeks.
Hoover comes out strong for tariffs amid a Republican rally in Cleveland where organizers expect about 28 000 attendees for an eight thirty p m speech in EST at Public Auditorium.
Committee member notes 65 000 seating requests for a Republican event, far beyond the 28 000 that can be accommodated. Main hall seats 10 200 with 350 leaders and a band, while 10 000 go to the main annex, 6 000 to the basement, and 3 000 to the music hall. President to speak via amplifiers and visit each annex, with radio broadcast across the nation.
Three regional conferences of Red Cross chapter workers in North Carolina will be held next week with the theme The Red Cross in the present emergency. Meetings are set for Asheville October 18 Greensboro October 19 and Goldsboro October 21 attendance will include Maurice R. Reddy assistant director of disaster relief and H. J. Hughes legal adviser from national headquarters.
Representative Huger Sinkler of Charleston and Representative Lester Thomas of Hampton announce plans to press for immediate repeal of the state prohibition law at the January opening of the general assembly.
Henry Lord 92 year old New York philanthropist once lived in Asheville for 12 years left 82500 to three local welfare agencies and five residents. Miss Marie Logan gets 50000, Miss Eisie Hayes 10000, Miss Blanche Earle 2600, Carrie Carter 2600, Mrs. Albert Malone 2500, Salvation Army 5000, Asheville Community Chest 5000, Asheville Red Cross 45000. Also 20000 to The New York Times Company, 20000 to American Red Cross and 29000 to Henrietta Bigney of Torrington Conn. Bequests are outright with no spending directions.
Portage Wisconsin unit recalls how Lance Packard formed Packardville from a junkyard over five years. The debt free hamlet features 10 cabins two filling stations a grocery garage electric light and storage plant plus a band stand pavilion and tourist park.
Rolland J. Weaver the Steuben County clerk on the Michigan Indiana line becomes a busy figure after Michigan’s five day waiting period for marriage licenses. Couples rush to apply and then cross into Angola Indiana for same day ceremonies.
Rains at the start of the week with mostly dry conditions to follow. Temperatures near normal, but colder on Tuesday or Wednesday across the region.
Reporting by E M Foley highlights Fairview and Leonard Street school activities for 1932 33. Safety Patrol members named at Fairview with substitutes. exhibit and parent teacher reorganization planned. Leonard Street hosts Summer Activity displays open to all October 3 with varied student works and local praise.
The U S Department of Agriculture says the South Atlantic states are not well suited to flax fiber under standard retting and spinning methods. Cooperative tests over three years at 19 sites in North Carolina Georgia South Carolina Tennessee and Virginia show good crops but fiber durability and spinning quality need new processing methods for profitability.
At the North Carolina State Fair the weights and measures exhibit displays a “trick” gasoline pump that delivers five gallons then sucks it back for a dollar, exposing operators who defraud customers. Superintendent C. D. Baucom notes several pumps seized. other new metering devices promise zero delivery without proper zeroing and print weights on cards for accuracy.
Chicago grain news reports wheat opening unchanged to 1 4 cent lower before a small rally and subsequent sag. Corn began with a minor decline to a slight gain and then stayed within its initial range amid an irresolute trading session.
Cotton opened steady in New Orleans with early gains of 5 to 6 points as December 6.53 and March 6.66. Hedge selling eased prices to 6.48 and 6.63, down 3 to 5 points, despite a Gulf coast storm warning. the market later turned up slightly on stock market strength.
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