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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 22, 1930
Page
9
For sale items include a 1930 Desoto Six Sedan a 1929 Ford Business Coupe a 1928 Chevrolet Coach and a 1928 Chevrolet Sedan from Superior Motors Inc J W Quattlebaum contact Mer 788 N Main Street phone 2928 Tires and tubes priced per size plus a notary public office notice appears at Rooms 6 and
Cotton spot activity was moderate with gains across grades in Liverpool on Oct 22. American cotton led sales at 3,600 bales of the 5,000 bale volume, receipts 4,000 American. Futures closed quiet with October at 5.59 and July at 6.01.
U S potato shipments total 1.024 million bags with about steady trading. Wisconsin sacked round white 1.70 to 2.00, Minnesota 1.60 to 1.75, North Dakota red river 1.90 to 2.05, Idaho russets US No 1 2.26 to 2.30, No 2 1.70 to 1.85, Colorado brown beauties and McClures 2.00 to 2.15.
The stock market faced renewed liquidation yet rebounded, with pivotal shares dipping to new lows early. U S Steel fell to 1431, Westinghouse hit a 1930 low, and radio names slipped while some issues like American Can and Woolworth rose modestly. Brokers see continued deflation priced in, yet systemic liquidation may have run its course.
Testimony in Kerr Case details Miss Allen’s Richmond training and alleged placement of her name on Kerr’s registration book. Allen tries to explain motives while denying involvement. court adjourns with a packed, tense courtroom atmosphere.
Cotton opened steady with Liverpool cables weak and early losses pared as overnight buy orders lifted prices. December rose to 10.52, January to 10.68 and March to 10.37 before easing from stock weakness. By hour end, prices firmed 7 to 11 points on the day with a mixed spread across contracts.
New York price action shows steady tone with losses in early trade driven by October notices totaling about 2,800 bales. Liverpool hedging and India news influence. Trade buyers mix with southern mills buying against higher goods sales. weather bureau optimism tempers selling as futures show narrow moves in nearby months.
A Chicago businessmen group proposed to the governor's unemployment committee the establishment of a hire-a-worker week in which every employer pledge to add at least one worker to his payroll.
William B. Ellis, an elderly Forsyth resident, argued before the North Carolina Supreme Court seeking a declaration of sanity or insanity. He claims lawyers took his last dollar and that Forsyth County has denied him justice, arguing a dispute over $200,000 in Forsyth south property and a transfer of his Forsyth case to Davie for trial.
Drought conditions continue in the middle Atlantic area as reported by the department of agriculture for the past week. Moderate rainfall occurred in parts of Virginia and eastern North Carolina.
Protesters led by W. C. Dowd and T. R. Waring asked Governor Richards to intervene after the committee barred immediate play by play wires and radio broadcasting. Richards said he lacks authority but favored broadcasting. DP douglas supported it. The committee allowed only one telegraph wire in the press box, and AP was told no field wire would be allowed.
In Salisbury Connecticut a sedan carrying five youths crashed early today killing Helen Adams and Alfred Casey, both of New Britain and Canaan residents, with Robert Condon of Canaan dying later at a Massachusetts hospital. Julia Regalis of New Britain remained in Sharon hospital in critical condition as a fourth girl fought for her life.
Ambassador Walter E. Edge return from 11 months in France says France’s postwar recovery should inspire all nations. He rejects reports he plans to run for New Jersey governor in 1931.
The trial of ER. W. Vail and James Robbins for breaking and entering the High Point Grocery case was under way before Judge Hoyle Sink in Guilford County court. Both defendants pleaded not guilty while co defendant John Gibson pleaded guilty. The Witcher brothers assault case was continued on defense motion.
Washington reports Colonel Arthur Woods, former New York police commissioner, arrives to head the president's national unemployment organization. The cabinet plans to discuss personnel and proposes spreading work by sharing hours and wages, aiming to aid about 2.5 million unemployed. Officially 3.5 million out of work, incl. 1 million floaters.
Youths from Russia, Canada, Belgium and Colombia study oil engineering at Oklahoma University as part of an international program. The group trains in core subjects and practical field work led by faculty from the College of Engineering.
Washington report says GOP leaders aim to add a plank opposing repeal of the Eighteenth Amendment, while Democrats face divisions on prohibition. Third party threats loom as election returns near. law enforcement commission report awaited to shape national campaigning.
HAGERSTOWN Md Oct 22 A local firm led by Thomas W Pangborn offered to loan 350000 to the city without interest to fund improvements creating work for the unemployed The plan calls for 200000 of the loan to be raised from other sources to provide a 250000 working capital for drought relief driven public works in Washington county this winter.
The 1930 spring pig crop in Oklahoma declined by 30 percent versus 1929, reflecting agricultural downturns of the era.
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