Heavy Profit Taking Sinks Cotton Futures to Lows in New York
Cotton futures fell sharply as late session selling and hedge activity pushed prices down 40 to 65 cents per bale from the prior close. Mill buying and government loan expectations partially steadied trades, with forecasts of a large late ginning crop and credits aiding some buying by mills into the next quarter.
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New York
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New York Cotton Exchange
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Unitedingdom
Netherlands
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Reader’s Digest Warns on Antifreeze Dangers and Choices
November issue outlines why bad antifreeze costs repair bills and potentially deceptive claims. It advises selecting a sensible mixture and performing a checkup before installation, urging readers to get the Digest for reliable guidance.
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Reader's Digest
Chicago Board Shows Losses In Soybeans Rye and More
The Chicago Board of Trade saw broad declines led by soybeans and rye with corn, wheat, and oats also lower. Cash and futures activity featured selling from Eastern firms, a mid day rally in cereals, and small lot purchases as prices slid to seasonal lows.
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Chicago Board
Chicago
Gravis
Board of Trade
Ips
Fort Worth
Grain and Cotton Exchange
Texas
Texas Gulf Ports
Boeings B50 Completes Arctic 83 Below Tests
Boeing reports a specially equipped B50 bomber completed Arctic tests at 83 below zero at Ladd Field Alaska. The two hour test followed continued operation at 40 degrees below zero with a self contained engine pre heating system cold starting gear and oil dilution system. There were 640 installations recorded across the aircraft.
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Seattle
Boeing Airplane Company
Ladd Field
Alaska
Sound Waves Kill Animals Not Humans
Dr Howarce O Parrack an Air Material Command scientist said high frequency sound waves can kill fur bearing animals by transforming energy to heat in their fur. The effect vanishes when fur is shaved leaving the animals less affected than humans.
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Chicago
Air Material Command
Howarce O. Parrack
Dayton
Ohio
Stock Market Hits Year High as Volume Surges in New York
New York stocks rose to their highest level in nearly a year with the market advancing for a third straight day. Volume reached about 1,760,000 shares as buying supported gains across leading issues and rail and utility sectors, with strong earnings reports and dividend forecasts boosting sentiment.
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New York
Associated Press
Chesapeak & Ohio
C&o
Ful Reist
White House
US Steel
Republic
Land
Bethlehem
Ee Sheet
General Motors
Chrysler
Tudebaker
Mt Wae
Blackmer Faces Sentencing After Tax Evasion Plea
Denver reports Judge Orie L. Phillips said Henry M. Blackmer will be sentenced next Wednesday after he pleaded guilty to two income tax counts. The court weighs dismissing four perjury counts for lack of evidence. Blackmer, an oil magnate, returned from Paris to testify in the Teapot Dome affair and is said to be undergoing heart treatment in Boston.
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Denver
Orie L. Phillips
US Circuit Court of Appeals
Henry M. Blackmer
Blackmer
Paris
Phillips
Max Bulkeley
Europe
Teapot Dome
Boston
Bette Davis Denies Plans to Divorce Sherry
Los Angeles report states Bette Davis will not drop her divorce action against William Grant Sherry. Sherry claims reconciliation possible but Davis and her attorney deny any change. They will attend Santa Ana Superior Court on a show cause order regarding restraining actions. Davis cited fear of violence and the couple’s 1945 marriage with their two year old child Barbara.
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Los Angeles
Bette Davis
William Grant Sherry
Sherry
Santa Ana Superior Court
Bette
Miss Davis
Barbara Davis
Navy Day Observance Goes Unmarked in United States
Washington October 27 Navy Day passed without official observance as the Defense Department fronts unified armed services under one Armed Forces Day set for the third Saturday in May Secretary of Defense Johnson announced. General Omar Bradley sent a note to Admiral Louis Denfeld praising the Navy amid debates.
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Washington
National Defense Establishment
Armed Services
Air Force
Secretary of Defense
Johnson
Pentagon
Omar Bradley
Navy
Louis Denfeld
Naval Operations
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