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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 20, 1931
Page
9
Chicago prices show hogs at 6.25 to 6.56 for 140 to 200 pounds with heavy direct hogs down 6 to 10, cattle and calves trading mixed as better grade fed steers rise up to 25 cents while lighter stock slides. Slaughter cattle and vealers also move with varied bids across weight classes.
Chicago observed wheat prices dip about 9 cents from a recent low amid heavy profit taking. The market showed a potential to rally as selling pressure eased and trade volume expanded, allowing large orders on either side without major price swings.
Swiss manufacturers of clocks watches and parts unite to form a company aimed at fixing prices and regulating exports. The move signals coordinated industry action across firms and potential impact on global supply chains and consumer costs.
In New York on Oct 20, stocks and bonds rose as liquidation cooled and confidence returned. Rail shares led gains, with major issues up about 3 points. American Telephone, Allied Chemical, Case, Eastman, New York Central, Santa Fe, and Union Pacific up 4 to over 6 points. Broadly, many names climbed 2 or more points as trading remained lively in the morning before slowing.
Manchester reports a surge in Lancashire and Yorkshire cotton mills with rush orders and overtime. Rochdale started a night shift to meet demand while Haslingden plans a 55 hour week. Trade unions oppose overtime but workers welcome the extra pay as the gold standard suspension reduces manufactured goods prices abroad.
A fire at the Carolina Lunch Stand on East Washington Street shortly after 2 30 PM involved three fire companies and caused slight damage to the structure. Damaged items included cigars and burned trash under the counter. the stand was operated by Nick Cronstamde with Mrs M P and Mrs Ingran ee 1 to oversee repairs. The aerial unit responded to the call.
New York January 20. Cotton opened steady to higher amid modest southern selling and new buying from domestic and foreign sources. After an initial dip the market firmed as stock market steadiness sparked further buying. December rose from 6.62 to 6.79 and March from 6.94 to 7.07, with active months up 7 to 11 points. Liver pool cables noted covering by continental and Bombay buyers and stronger cloth buying for India and China.
A joint venture by the High Point chamber of commerce and about a dozen contractors will conduct an immediate survey of business and residential property to gauge building modernization costs. The effort aims to help property owners learn costs without obligation and aid unemployment relief this winter. Frank J. Sizemore, secretary, said the plan seeks wide property owner participation and useful estimates for present or future projects.
Futrelle, Northwestern Mutual district agent in High Point, wins a silver loving cup for turning in the most personally solicited applications in a six week state contest. He reportedly set a state record with six applications and examinations in one day, with Raleigh, Wilson, and Winston-Salem following.
State officials urged a united response to unemployment and family distress, highlighting group conferences to spur public action. Mrs. Best stressed combining relief with prevention and mobilizing private and public resources. Prof. Coates discussed shifting crime causes and the need for scientific treatment, while local officials and scholars prepared further afternoon talks on welfare and legal aid.
M H Brandon of The Charlotte Observer was chosen president of the Carolinas circulation managers association at the close of a two day meeting in Charlotte. A F Ballentine of Greenville News and Piedmont named first vice president, R R Stowne of Gastonia Gazette second vice president. Will X Col ey of the Raleigh News and Observer re elected secretary and treasurer. Directors: S H Anderson Charlotte News, M L Asshmore Goldsboro News Argus, J W Ward Charlotte Observer, Zack Roberts Concord Tribune. The session covered circulation problems rate reductions and editorials relations to circulation.
In Savannah on October 20, Professor H. Hobbs Jr. of the University of North Carolina told the Southeastern Economic Conference that the South could save about a billion dollars by feeding itself. He urged developing processing and packing of crops and livestock, and cited farm tenancy, high Negro ratios, ruralism, illiteracy, and other social and economic issues as barriers to regional self-sufficiency.
Monticello in Charlottesville hosts the first observance of Free Press Day to dedicate a room in Thomas Jefferson's home to the freedom of the press. President Hoover was to participate by proxy. speakers included James M. Beck, Claude G. Bowers, and Dr. George J. Ryan. Col. Robert McCormick presided as 12 newspaper observers celebrated the pledge of faith and a rebuke of censorship.
President Hoover receives a rousing welcome from more than 2 000 Annapolis residents and midshipmen as he debarks the Arkansas and enters the Naval Academy grounds. The city bands and salutes mark the event while officials say Annapolis leadership was not formally represented.
Reginald Barker, an English Methodist minister attending the Ecumenical Methodist conference in Atlanta, urges the United States to end isolation and help form an international economic league. He argues France and the U S hold the key to the global crisis, warning prosperity may not return soon as unemployment rises.
A student recounts a plan to drive trunks to an ocean dump after meeting Mrs Judd at the railroad station. He grew suspicious as insects swarmed the trunks and became frightened, realizing potential danger.
Potatoes priced across regions show limited activity with 130 cars on track 361 and 949 shipments noted, market described as about steady though trading slow. Wisconsin round whites quoted 75 to 85 cents, Minnesota-North Dakota cobblers 80 to 85, Red River Ohios 80 to 99, Idaho russets 1.25 to 1.50, commercial 1.05 to 1.10, Colorado People's Russets 1.20 to 1.25, with a few higher prices.
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