Markets Surging Upward Across Stocks and Commodities
New York on March 3 saw a rapid market surge with stocks rising about $1 to nearly $5 a share. The rally spread to bonds and commodities as wheat climbed cents a bushel and cotton gained about $1 a bale while silver and other markets edged higher. Traders covered short positions amid weekend expectations, prompting a broad buying flurry.
MENTIONED IN THIS ARTICLE
New York
Shorts
Penitentiary term for Roy Barnhill in attempted robbery
Roy Barnhill was sentenced to two years in the penitentiary after pleading guilty to attempted robbery before Judge Henry S. Bishop. The case was nonjury, with the judge undecided if the term will run alongside or after a prior parole. Barnhill admitted forcing Gene Meyer, a 21 year old Amarillo youth, to drive him around with a pistol before Meyer gained control and drove to a filling station.
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Roy Barnhill
Henry S. Bishop
Bishop
Barnhill
Gene Meyer
Amarillo
Meyer
Arkansas House approves 90-day tax moratorium bill
In Little Rock on March 8 the Arkansas House approved a bill providing a 90 day moratorium on all private and public taxes with no dissenting vote. The measure removes courts from enforcing tax collections for 90 days and moves to the Senate where passage is expected.
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Little Rock
Ark
U.P
Arkansas House
Hig
Senate
Cermak Improves After Cart Attack Illness
Miami reports Mayor Anton Cermak ill from wounds after the Zangara assassination attempt. He suffered a fainting spell this afternoon but recovered quickly and continues to improve, doctors said.
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Miami
Fla
Anton Cermak
Giuseppe Zangara
Fall of Jehol City Looms as Japanese Push West
Reports from CHINCHOW and frontline dispatches say Japanese forces under Major General Tadashi Kawahara advance after capturing Pingchuan. Japanese planners anticipate Jehol City’s fall within hours with Peiping likely to follow, signaling a broad Chinese resistance near the Great Wall.
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Shanghai
Jehol City
Jehol Province
Chinchow
Manchuria
Pingchuan
Tadashi Kawahara
Japan
Jehol
China
Peiping
Holiday Fails To Bridle Trade and Relief Act
Texas merchants kept signs of business as usual while banks closed for a five day state holiday under Governor Miriam A. Ferguson. The Legislature met in committees to discuss emergency relief measures and a bill to address the financial disruption.
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Associated Press
Texas
Miriam A. Ferguson
Abduction Probe Reaches Dakotas In Boettcher Case
Denver police and North and South Dakota authorities search for the kidnapers of Charles Boettcher II. The youth, freed after a $60,000 ransom, described a hideout with four steps to a front porch and ten steps to a basement room. The district attorney says the grand jury may reconvene.
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Denver
Colo
Charles Boettcher II
North
South Dakota
A. T. Clark
Young Boettcher
Claude K. Boettcher
Clark
Earl Wettengel
Boettchers
Amarillo Trade Largely Unharmed By Texas Bank Moratorium
Amarillo merchants met in a general session to plan customer accommodation during the five day banking moratorium. Reports say business largely continued as usual with minimal inconvenience to merchants and customers despite the holiday.
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Arillo
Texas
Amarillo
House Banking Relief Measure Favored By Texas Legislature
The Texas House, acting as a committee of the whole, voted 94 to 14 to favor a bill granting the banking commissioner power to limit withdrawals in all banks. Governor Miriam A Ferguson urged immediate passage after a five day financial holiday. The bill now goes to the House in regular session.
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Austin
House
Texas
Miriam A. Ferguson
Shaw
Broad Powers To Cut Government Costs Given New President
The dying Congress granted Franklin D. Roosevelt broad authority to reduce government expenses. Nine of eleven annual money bills were enacted, aiming to save about $700 million in the current fiscal year. Hoover has signed five of these measures. Borah criticized department resistance in the Senate.
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Washington
Congress
Senate
Franklin D. Roosevelt
White House
Hoover
Borah
Idaho
Ill senators show signs of recovery in Washington
The two ill senators Robert B. Howell and Tom Connally were reported improving by their physicians. Howell at Walter Reed hospital was described as slightly better after pneumonia. Connally, ill with influenza, remained at his apartment but was getting along fine and expected to resume senatorial duties in a few days.
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Washington
Senate
Robert B. Howell
Neb
Tom Connally
Tex
Howell
Walter Reed Hospital
Connally
Quinn to Tell His Account on Stand
Enid Oklahoma march 3 Earl Quinn will testify tomorrow for the first time since his arrest nearly two years ago on a murder charge in the killing of Jessie and Zexia Griffith. Defense attorney James H Mathers told the jury during opening statements after the state rested following three days of testimony. Quinn, sentenced to death on a prior conviction later reversed by the criminal court of appeals, did not testify at his first trial.
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Enid
Okla
Earl Quinn
Jessie
Zexia Griffith
James H. Mathers
Mathers
Quinn
Criminal Court of Appeals
Gasoline siphoning under downtown curb shocks city
Fort Worth report says a motorist siphoned gasoline from a parked car by inserting a rubber hose into the gas line, transferring fuel into a can, then locking the can in the rumble seat and leaving. The incident surprised onlookers and raised local concerns about theft.
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Fort Worth
Rainey Hints Roosevelt May Call Early Special Session
Representative Rainey of Illinois, the Democratic speaker in the new Congress, said members in Washington are discussing a possible special session likely to convene within days. He suggested it could meet as soon as next Tuesday and no later than March 13, and expects an official announcement tomorrow afternoon.
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Washington
Rep
Rainey
Ilinois
Congress
House
Roosevelt
Connally recovering from severe influenza attack
Senator Tom Connally of Texas is reported by his secretary to be recovering from a severe influenza attack that physicians feared could develop pneumonia.
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Connally
Washington
Tom Connally
Texas
Arthur Perry
Walsh to Get State Funeral
Montana Senator Thomas J. Walsh will lie in state in the legislative hall for a state funeral Monday. The ceremonies honor his 20 years of service, with burial planned at Resurrection Cemetery in Helena in coming days.
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Washington
Legislative
Thomas J. Walsh
Montana
Senora Nieves Perez Chaumont
Cuba
Resurrection
Helena
Senate
Helana
Amarillo Area Weekend Forecast Briefing
Partly cloudy conditions prevail in the northwest with a chance of showers this Saturday in western Texas region west of the 100th meridian. The east portion and New Mexico show light rain possibilities with little change in temperature. Temperature readings from Amarillo yesterday reached a maximum around 68 and a minimum near 38 with hourly estimates shown.
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Amarillo
West Texas
100Th Meridian
New Mexico
Avienna
Denison disputed as Texas highway chief authority
Texas officials clash over Denison’s status as chairman of the Texas Highway Commission. Attorney General James Allred says a quo warranto action will test Denison’s eligibility while Gov. Ferguson argues a simple majority confirms him. Warrants may be issued and cashed without Denison’s signature if the panel has approved vouchers.
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Austin
F. L. Denison
Temple
Texas Highway Commission
Miriam A. Ferguson
James V. Allred
Allred
State Supreme Court
Denison
Ferguson
Senate
Denson
Ocie Speer
Speer
Senate Journal
Highway Commission
W. R. Ely
Abilene
Thousands Await Roosevelt Inauguration Night Anticipation
Thousands gathered in Washington on March 8 awaiting Franklin D Roosevelt’s inauguration as the nation faced a new Democratic era. Citizens discussed hopes for his brief address and the impending shift from Wilson era politics as Roosevelt prepared his remarks at the Mayflower Hotel before taking the oath at the capitol.
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Franklin Roosevelt
Jefferson Cleveland
Theodore Roosevelt
Wilson
Washington
Woodrow Wilson
White House
Capitol
Warren G. Harding
Mayflower Hotel
Roosevelt
Congress
Quake Death Toll Rises in Northeast Japan
Tokyo reports 1535 known dead after a major quake, tidal wave and fire devastate the northeastern sector of Honshu. Communications are down as 7930 homes are destroyed and relief efforts from the navy and army mobilize doctors, supplies, and blankets.
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Tokyo
Navy
Hoover Hands Over Problem to Roosevelt Amid Crisis
News describes the transition of responsibility to President Roosevelt as he meets with Mr. Hoover and financial experts. Officials anticipate quick action and a possible extra congressional session to stabilize banks, deposits, and credit amid economic strain as Roosevelt prepares to take office.
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