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PAGE TWO Cotton Drops Very Sharply l 1 New York, July 12— (AP)— Cot , , ton futures opened one to seven points lower, responding to easier * cables and selling by Bombay in new crop positions. Spot houses also sold { and there was some hedging and July liquidation. Mid - morning prices ' ranged four to seven lower, r- Around midday the market rang ed three to nine lower. Futures closed one higher to 13 ' lower. Middling spot, 9.89. t Open Close July 9-62 9.tis‘ \ October 8.92 8.94 i December 8.76 8.76 January 8.63 8.63 1 March 8.56 8.52 j Buying Wave 1 Lifts Stocks t• * New York, July 12.—(AP) — A 4 wave of buying brought the stock market to life today, lifting some of the most prominent shares on the * board one to three points. Dealings were the heaviest since late May, as traders who had been idling through the previous dull sessions took a lar ger hand in the proceedings. Trans actions approximated 900,000 shares. American Radiator 12 American Telephone 165 3-4 American Tob B 84 7-8 , Anaconda 25 1-4 '"*• Atlantic Coast Line 17 5-8 r. Atlantic Refining 20 1-4 Bendix Aviation 24 Bethlehem Steel 56 «. Chrysler 74 1-2 Columbia Gas & Elec 6 7-8 jj Commercial Solvents 10 Consolidated Oil 8 -r Curtiss Wright 5 3-8 - DuPont 15 T Electric Pow & Light .... 7 3-4 2 General Electric 36 1-2 General Motors 44 7-8 ** Liggett & Myers B 107 1-2 £ Montgomery Ward &Co .... 52 1-4 f? Reynolds Tob B 39 3-4 Southern Railway 15 3-8 Standard Oil N J 42 3-4 i US Steel 47 f * :state REA Plans I; To Name Chairman And Approve Lines - - Raleigh, July 12.—(AP) —The § Rural Electrification Authority will select a chairman and act on three requests for electric lines in Jones, * Onslow, Randolph, Pitt and Greene 2 counties at its July 20 meeting, Di fj rector Dudley Bagley said today. 3* Bagley said the comtnittee had ap i proved the following: Extension of Randolph Electric Membership Cor poration’s lines by 101 additional £ miles to serve 323 additional custom » ers, with a federal loan of $101,900; £ extension of Pitt-Greene Electric * Membership Corporation’s lines by 180 miles, serving 375 more persons with an SBO,OOO loan; and the Jones-Onslow cooperative, which seeks to build 250 miles, serving 785 customers at a cost of about $250,000. The Authority’s present chairman * is Bagley. K . 4jg | Salary Scale For Teachers May Meet New Postponement —— *- ; Raleigh, July 12.—(AP) The salary committee of the State School Commission work ed today to try to be ready to morrow to report a 1939-41 teacher pay schedule to the * commission. Members of the committee ex pressed hope that work would be finished by tomorrow’s commis sio« meetings, but admitted there were still differences of •* opinion which might delay a re-j commendation until the August' M meetingg. It appeared definite' from comments of committee members that the new - scale would slightly narrow the mar & £> n between the pay of white ■+ and Negro teachers. & - * b. T. Forest 'Fires Again Menace Three Towns £ Y (Continued F rom T»age One) H furniture in an open treeless “flat” 5 when the fire came within two miles of Sheridan. Th e 270 residents of the other three £ communities had piled their belong t: ings on trucks. In northern Colorado, 1,000 weary as fire fighters reported a conflagration * in Roosevelt National Forest under J control. •j ~~ Z Couple Saved On Para chute Jump at Fair 1 y ts ... (Continued From Page One) Z after mechanics attached a rope to * the parachute, cut the jammed cable sand lowered the chute a few feet at a time on the three remaining cables into a spread police net. * A crowd numbering in the thous ands stayed up until dawn lighted t the eastern sky, then let loose a re- F verberating cheer as the man and woman were carried to an am bulance. They were taken to an Jjj emergency hospital .on the fair 2 grounds, but refused medical aid and % drove away in their own car. £ The woman, who in the early Jt hours of her plight, shouted jests to J the throng, wanted to walk away, but police picked her up. Rathborne buckled at the knees as his long or- Jf deal ended. He is 32, Mrs. Rathborne * »5. . Economist Lauds Bank Record Made In North Carolina Chapel Hill. July 12.—(AP) Dr. Laurence Lunden, economics professor at the University of Minnesota, praised today North Carolina’s record of no bank fail ures since 1933. He spoke at the North Carolina bankers con ference. “People throughout the coun try feel that, from a fiscal stand point, North Carolina has made one of the best recoveries of any state,” said Lunden, recognized as an authority on investments, and editor of the Financial and Investment Review. Much of the credit, he said, is due to State Bank Commission er Gurney P. Hood. Trustees Chosen For Confederate Home for Women Raleigh, July 12.—(AP)—Gover nor Hoey today appointed Mrs. Quentin Gregory, of Halifax, to the board of trustees of the Confederate Women’s Home at Fayetteville for a term expiring May 9, 1941, to suc ceed the late Dr. J. Frank Highsmith, of Faycltcvid .. The governor re-appointed for terms expiring in May, 1941, the fol lowing members of the home’s board of trustees: Charles D. Rose, Mrs. E. R. McKeithan, W. W. Horne and Alexander Cook, all of Fayetteville; Mrs. John H. Andei’son, of Raleigh, and Mrs. Walter Woodard, of Wilson. Sen. Guffey Headache To New Dealers (Continued From Page One) repudiate his utterances, becaife he’s so conspicuously on their side. What’s set them especially jittery of late was the speech the Pennsyl vanian made the other day in favor of a Rooseveltian third term. In it self his third-term declaration was o. k. That was in line with a lot of New Deal sentiment. It was the sena tor’s threat of the dire consequences he predicts if the present White House tenant doesn’t get four years more that upsets New Dealer ism. In the event of a Rooseveltian re nomination next year, “F. D.’s” sup porters are quite aware that his op ponents will set up a dictatorship cry. Their policy naturally will be to pooh-pooh this suggestion. Senator Guffey, however, warns that we’ll have a third term —or else, in effect, a revolution. “There’ll be,” he says, “an upheaval which will sweep away all politicians and all big business.” Quite a few New Dealers don’t like this hint, coming from one of them selves. They interpret it as implying that we have our choice between a third term and totalitarianism—and they suspect that the public will re gard the two as amounting to about the same thing. “O. K.” as to Senator Glass. They wouldn’t have cared if Sena tor Glass, for instance, had said that a third term would be equivalent to totalitarianism. They’d have answer ed, “Phooey!!’ But they can’t answer “Phooey!” when one of their own crowd fore casts a third term or revolution. In short, the third termers and New Dealers ardently wish that Sen ator Guffey had kept his trap shut or use it more judiciously, anyway. Guffey, I may say, is regarded in New Deal circles as a friend, but not as an asset—they almost would rath er have him in the opposition camp. Well intentioned but politically “bugs.” Paul V. McNutt? Paul V. McNutt of Indiana, just back from our Philippine commis sionership, as a presidential possi bility is making an unexpectedly good impression. He isn’t a prob ability but he’s better than might have been expected. McNutt labors under the handicap of being an exceptionally handsome man. That’s no good political adver tisement. ' He i#as here a year or two ago and was promoted socially—at cocktail parties and that kind of thing. It made him som .vhat ridiculous. His beauty and his cocktails!! He’s got that record to live down. Nevertheless it now appears that he was a mighty good Philippine commissioner. He seems to know more about the Opposes WPA Slash mm | ask Tjgjk •? vg. George Meany “Hourly wages of skilled craftsmen on WPA projects cannot be slashed without setting precedent for pri vate employment,” said George Meany, president of the New York State Federation of Labor, regard ing WPA-AFL clash. The WPA strike threatened to spread over the country as thousands left projects in the New York area. HENDERSON, (N. C.) DAILY DISPATCH WEDNESDAY, JULY 12, 1939 A Fervent Plea MMmT *>> m ill jPjM The American embassy in Berlin is looked upon by German-Jews as &; door out, although a narrow one,j from the new, self-supporting “state 1 , within a state” organized to com-! pletely segregate all Jews in Ger many. A hopeful would-be emigrant is anxiously awaiting word whether he will be allowed entry into the land of freedom. Orient than any other American. The Filipinos evidently love him— and the Chinese. The Japanese?—no, of course not. He’s too familiar with their game. But he’s a Far Eastern expert. Some folk think that our pro plem is Pacific rather than Atlantic. McNutt is a dandy Pacific-ar. “Mac” is a third term advocate. He wants to be nominated, but only secondarily to “F. D.” He’s got his points. Maybe this country’s understanding of Asia is more important than its understand ing of Europe. Requests By The Treasury Are Ignored (Continued From Page One) signs of what President Roosevelt intended to do about neutrality leg islation, wiwch the Senate Foreign Relations Committee voted yester day to shelve for this session. Pres ident Roosevelt may soon send a special message to Congress, well in formed legislators said, backing up his appeals for neutrality legislation at this session. He told reporters yesterday that if a foreign war should break out be foi’e the present law was revised, Chicago Board ;of Trade, where wheat prices rallied. ’ ’ Relief Near From Heat In Midwest (Continued From Page One) diana and southeastern lower Mich igan. Showers were expected to accom pany the drop in temperature in many places. As a whole, Nebraska was the hot test state in the sweltering area. Omaha’s 105 was the lowest maxi mum reported. Temperatures rang ed from 96 to 110 in parts of Kan sas, South Dakota, North Dakota, Wyoming, Colorado, Oklahoma and lowa. Mountainous areas afforded some of the cool spots in the affected regions. The torrid wave caused some an xiety for crops in the corn belt. A. V. Nordquist, assistant State-Federal agricult't al statistician in Nebraska, said the heat unquestionably harmed the corn in that state. Hot weather in the grain belt was reflected on the Chicago Board of Trade, where heat prices rallied. Expulsions Are Ordered by Mussolini (Continued From Page One) Bolzano province were Graham K. Kemper, consul general at Rome, and his family, and others. Presumably they also will be required to leave. A communique said II Duce as minister of the interior had ordered the expulsions from the northern frontier Tyrolean province, which Italy gained from Austria in the World War. It said the action was taken in conjunction with Italy’s black shirt organization for the sup pression of anti-fascism because of “the activity of some elements from western nations and residents in the province of Bolzona.” FRANCE EGPELS ITALIAN NEWSPAPER CORRESPONDENT Paris, July 12.—(AP) —France is sued an expulsion order against the Paris correspondent of the Italian newspaper II Popolo di Roma today, while the French ambassador in Rome again protested against an Ital ian order forcing French citizens to leave Bolzano province. Tobacco Export Olitlook Less Favorable for 1939 (Continued From t'age One) group, because they purchase main ly the lower and medium grades, took only around 19,000,000 pounds of American flue-cured leaf during ten months ending April 30, 1939, compared v/ith over 22,000,000 oounds in the same period of 1937- 38. These countries found the price of the lower grades of American flue mred leaf unusually high and as a result reduced their purchases. Because of their reduced imports of American flue-cured leaf, most of the “low price” countries now find their stocks at unusually low levels. Manufacturers have been complaint ing for sometime of inability to ob , c,- 1- • sv ■ ;T'-- tain supplies of suitable grades at prices comparable to those from preceding crops. These countries, it is believed, will import substanti ally larger quantities of American flue-cured leaf during the 1939-40 shipping season if prices are reduced. July 1, 1939, stocks of American flue-cured leaf in Europe are esti mated at 434,000,000 pounds, com pared with 403,000,000 the year be fore, and 355,000,000 on July 1, 1937. In addition there was on hand an abnormally large supply of Brtiish Empire flue-dured leaf in the United Kingdom. The July 1 stocks of Empire-grown leaf on hand in the United Kingdom were estimated at 95 million pounds, com pared with 75 million a year ago, and 57 million on July 1, 1937. Graham Backs Roose velt’s Arms Appeal fContinued From Page One) aggressor would inevitably draw 7 us into war. “The petition; whose signers in cluded A. W. McAlister, Greensboro, N. C., and R. O. Browning, Burling ton, N. C., stated only two methods had been proposed to keep the Unit ed States out of a threatened world war. One is to do nothing, to let ag gression take its course, to maintain a strict and therefore utterly im potent neutrality; to pursue a policy of unconcern and irresponsible isola tion. The trouble with this method is that it is neither effective nor ethical.” “The other methods, the petition added, was the realistic, common sense method which we use when domestic disorder arises.” “We locate the aggressor and wo do all we can to render aggression uncomfortable and unpopular.” Lawyers And Accoun tants Divide Spoils (Continued From Page One) and settlement of tax cases before quasi-judicial tax commissions and boards constituted practice of law. They thought some attorney ought to get a fee out of every such case. It was further contended by support ers of the bill which became law that the 1939 act really did not change any of the statutory requirements for legal practice, but merely put the burden of enforcing the existing law upon the State Bar as an agency of the State. Insurance companies, particularly companies majoring in casualty in surance, have contended that their adjusters are mostly licensed attor neys, and that i-t simplifies matters both for the company and the bene ficiary under the policy to settle claims as promptly as possible. Such companies deny that their adjusters are engaging in unauthorized or il legal practice of law. The lawyers generally also have a grievance be cause of the trust departments of banks with salaried attorneys doing most of the work. Probably the chief grievance, however, has been against accountants appearing as attorneys before tax commissions. The association of certified public accountants in their convention at Richmond last month authorized ap pointment of a committee to work with a similar committee from the bar association to iron out dif ferences in this field, if and when a similar committee was named by the bar association. The North Carolina Bar Association at its Wrightsville convention two weeks ago accepted report of its committee on unauthor ized law practice, suggesting that if the association 3esired to name such a committee it should be a sub-com mittee of the larger group. It was further recommended that the main committee bq enlarged to include a member from eaeh judicial district. And there the matter stands at pres ent. It is sort of a tempest in a teapot, anyhow. Lawyers far out-number ac countants in North Carolina, but a very small percentage of each pro fession specializes in tax matters. There are approximately 2500 law yers who can legally practice in North Carolina by virtue of having paid the required fee to the State Bar, Inc. There are just a few more than 100 accountants certified to practice by virtue of having paid their fees to the State Board of Ac countancy. Reliable information is that not more than twenty or thirty lawyers and not more than fifteen or twenty accountants give special at tention to tax practice. It is of little consequence to the vast majority of practitioners in both professions, but they all claim that a principle is in volved and all are desirous of having some workable agreement. Both the State Bar, Incorporated, and the State Board of Accountancy are agencies of the State ol North Carolina with power to grant and revoke licenses, and leading members of the professions here expect that the steps now being taken toward cooperating committees will bring about solution of the problems. BIG METEOR SEEN Cleveland, July 12.—(AP) —A meteor of tremendous size, visible for hundreds of miles, streaked north across Lake Erie last night and dis appeared in a burst of light over or in Lake or Canada. The trail of light extended from the zenith to the horizon about 8:45 p. m. (Eastern Standard Time). It was visible throughout the Lake Erie district and for at least 300 miles south. The Cleveland weather bureau had no explanation but said dis tances of such bodies are deceiving and the climax may have occurred more than a hundred miles north. Mariners said the meteor traveled a line three to five points west of due north. The annual meeting of the North Carolina Federation of Home Demon stration Clubs will be held Thursday of Farm and Home Week at State College, July 31-August 4. Records show that it costs less to grow pigs under sanitary conditions than in the old hbg lot, says H. W. Taylor, extension swine specialist at State College. Admiral Byrd Rushes Antarctic Expedition as Nations Scramble for Polar Territory Top, Is the Barkentine, Bear of Oakland, Veteran of Two Antarctic Journeys, With (Inset) Admiral Byrd in Polar Outfit. Bottom (Left), Byrd Points Out to Rear Admiral R. R. Waesche (Left) and Dr. Ernest Gruening, Where He Will Lead the Expedition. Right, Is Map of the Antarctic. The race forth« Antarctic is on. When President Roosevelt commis sioned Admiral Richard E. Byrd to head a government-financed expedi tion into the polar region, he made it plain that the United States is definitely interested in claiming sec tions of the vast ice-covered area. In many respects, Byrd’s forth coming return to Antarctica will be in the nature of a race against Nazi ' which recently claimed 250,000 square miles east of the Weddell Sea. Great Britain, Nor way, Australia, France and Russia are also interested in the polar re gions, but not to the extent of rush ing an expedition. Admiral Byrd begins his prepara tions with $340,000 appropriated by Congress, SIOO,OOO which he raised, and other private capital. Byrd calculates the cost of the expedition at approximately $1,000,000. In addition, the explorer will do nate the ship in which he made his previous journeys to the Antarctic, the 68-year-old barkentine, Bear of Whitewings Take Over the Kahn Estate ■WEI WsßkM& I%^„nHHiifkvK , * a W: ,w*« <Vl^W v ::-: : " .&j-\W-}&ir ' * a ( flj I 1 B ]fm Mg / < J;| ! ' .'^Hh^bK^^':*"< JbH Bh» iHk« Jh Ipr ■ m TjMMg~ Jfe VS j» Jfc3f .> Jm vmj * ■■■■ ■* m An outdoor banquet table, fully 500 feet long, was set up for the 15,000 of New York City’s whitewings and guests who attended opening of Sanita, their new country club at Huntington, L. I. The department of sanitation workers bought the $1,000,000 estate, formerly owned by Otto Kahn, for $100,000; will pay $1 a day to spend their time there. Aoah Numskull fe” i$H ’O'V- Jill# DEAR. NOAH =IS THE. milkman's (Route. KNOWN As THE. MILKY WAY 7 AM3.S. crrro french Pt-AINFIgU-P, N.cr DEAR. NOAH*IE A fountain pen can be. PUSHED, MOST A PEN CIL BEL LEAD 7 % MR. L. O. ALDftICH PETRon; MICN. SEND tttUE IDEAS TO NOAH - CARE. /THIS PAPER. LyrltM. !»>». fcHjr sow ijntittt.** Worta «- IT - ~ Oakland , which will be refitted with a new engine. The government will supply two additional boats. About two hundred men will make up the exploring force, which is to sail about October 1 and may return in six and one-half months. However, food and other supplies to last two years will be carried. Innovation in Antarctic explora tion is the 55-foot, specially-built snow cruiser built like a bus, to cruise across the icy wastes. Designer of the cruiser, which will be propelled by caterpillar tread wheels, is Dr. Thomas E. Poulter, second in com mand of the Byrd Antarctic expedi tion in 1934-35. The cruiser will carry a small house on its chassis with mooring atop for an airplane, and will accommodate four men with provisions for a year. The expedition, Byrd’s third to the southernmost tip of the world, will map out, survey and claim ter ritory definitely for the United States. If possible, he will map the huge coal and oil deposits. Mom Numskull I yV LOCK Ml Dear noah-does a BANKER SAVE. MUCH TIME, BECAUSE HE KJEERS BANKING HOURS 7 VH4ENDA PMILL.JP* PULUTH, AUHN. OEAR THE HOLES IN A BOARD ARE KNOT HOLES* .. WHAT ARE THEY IF* THEY are not HOLES? W OVae. AA«-DOWICLL . lowwns «a«KN,O. 'SAMIR. I«A. KWFuwm lyndfcm. toC. W«u (IMMramd But, while the natural resources are very important, great impor tance is placed on the territory as bases for aviation and new routes for inter-continental travel. Byrd has said the United States should most definitely claim all territory around Palmer Land, which is 575 nautical miles from the tip of South America, and, therefore, he feels, within the scope of the Monroe Doc trine. Also, immediate steps should be taken to formally claim Marie Byrd Land. The expedition is under the su pervision of Dr. Ernest H. Gruen ing, director of the Interior De partment’s territorial department, and will probably sail from some Atlantic seaport, possibly Boston. The first Byrd expedition to the Antarctic lasted from December 30, 1928, to February 19, 1930, with Byrd flying over the South Pole No vember 29, 1929. Second expedition lasted from January 17, 1934, to February 6, 1936. Mom Numskull DEAR- NOAH- WILL THE NUTHATCH IF THE WOODPECKER- 7 D. ». L-C.E. huaabql.dt,arizona DEAR NCAH-IF IN BASELr BALL THEY PUT YOU ON THE BENCH WHEN YOU'RE NOT HIT TINS THE BALL., DO THEY PUT CTUDSES ON THE. COURT BENCH FOR THE SAME REASON 7 MB* H.WUR.T3L PEjORJA/ ILL. Copyt«M IIH KMf (HUM Mkm toe World
Henderson Daily Dispatch (Henderson, N.C.)
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July 12, 1939, edition 1
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