Speculators Lose Big as Market Break Tops $550 Million Drop
The New York market collapsed in trading amid liquidation with over 5.1 million shares changing hands. General Motors lost over $550 million in market value as many high flyers fell, and thousands faced margin calls amid a broad selloff driven by credit-tightening signals from the Federal Reserve Board.
MENTIONED IN THIS ARTICLE
New York World News Service
New York
Tck
Stock Exchange
Gen 1 Motors
Herbert Hoover
Wall Street
Hoover
Federal Reserve Board
North Carolina Democratic Convention Uninstructed Delegation Chosen
In Raleigh on June 12 the state Democratic Convention voted to send an uninstructed delegation of twenty four delegates to the national convention in Houston. The factions backing Gov Smith of New York claimed seven percent of the state votes while Hull supporters conceded five percent. The body, with about two thousand delegates, adopted a platform backing Prohibition enforcement and U.S. adherence to the World Court.
MENTIONED IN THIS ARTICLE
Raleigh
N. C
North Carolina
Houston
Gov. Smith
New York
Cordell Hull
Tennessee
United States
World Court
Millionaire Funds to Rebuild Virginian Revolutionary Buildings
A wealthy benefactor donates funds to reconstruct key Virginian structures from the revolutionary era. The initiative aims to restore historic sites and boost education and tourism through preserved architecture.
Rockefeller backs Williamsburg restoration to colonial era shrine
John D. Rockefeller Jr. supports a plan to restore Williamsburg to its pre Revolutionary setting. Dr. W. A. R. Goodwin says Rockefeller’s gift could total up to 5 million dollars and would complete a project conceived 25 years ago. The effort has already spent over 1.6 million on acquiring properties and buildings.
MENTIONED IN THIS ARTICLE
Williamsburg
John D. Rockefeller, Jr
W. A. R. Goodwin
Goodwin
William and Mary College
Rockefeller
Phi Beta Kappa Society
College of William and Mary
Hoover forces win Florida seat in Republican credentials fight
At Kansas City on June 12 the Republican Credentials Committee ratified seating nine Florida delegates for the Commerce Secretary, voting 36 to 15 for Glen B. Skipper backers over George W. Bean followers. The anti Hoover effort cooled as the committee prepared for an all night session to handle appeals with Mabel Willebrandt discussed.
MENTIONED IN THIS ARTICLE
Kansas City
National Committee
Florida
Commerce
Glen B. Skipper
Miami
George W. Bean
Clearwater
Hoover
Lennott
Wisconsin
Bean
Cole
Ohio
Walter F. Brown
Fort
New Jersey
Mabel Walker Willebrandt
Paragon Refining Advances to Pay Basis Under Reorganization
Paragon Refining Company will start cash dividends on the new $3 annual rate July 1 with a 75 cent quarterly payout. Three old shares exchange for one new preferred share as part of a financial reorganization. Voting was postponed due to insufficient stock representation. two thirds is expected at a follow up meeting within a week. About 320,000 common shares exist, with 270,000 represented at yesterday’s session.
MENTIONED IN THIS ARTICLE
Paragon Refining Company
E. W. Edwards
Edwards
Lake cargo coal rate cuts approved by J C C
The Interstate Commerce Commission allowed June 18 start of 20 percent lake cargo coal rate reductions from Ohio Pennsylvania and Northern West Virginia to Lake Erie ports. Northern lines set new temporary rates of 1.23 a ton for Ohio coal and 1.25 a ton for Pennsylvania coal, restoring a 45 to 48 cent differential for Pittsburgh and Ohio coal.
MENTIONED IN THIS ARTICLE
Washington
Qohio
Pennsylvania
West Virginia
Lake Erie
Pennsylvania, Baltimore & Ohio
New York Central
Associated
Interstate Commerce Commission
Northern
Southern
Commission
Congress
Kentucky
Tennessee
Ohio
Pittsburgh
Mellon and Borah Indorse Chicagoan for Commerce Secretary
Republican leaders weigh a running mate for Hoover with Vice President Dawes as a leading option. Mellon backs Dawes as logical for the ticket and Borah praises Dawes for Senate leadership and farm relief influence amid a field of possible names. Hoops of support hinge on Hoover’s choice and regional balance in a tense pre convention scene.
MENTIONED IN THIS ARTICLE
Mellon and
Borah Indorse
Chicagoan
Commerce
Francis M. Stephenson
Associated Press
Kansas City
Herbert Hoover
Dawes
Mellon
Borah
Idaho
Senate
Hoover
Hoover Silent but Happy at Capital as Nomination Looms
Secretary Hoover entered a political campaign mood with probable Republican nomination in Kansas City. He signaled acceptance, coordinated with aides by long distance links, and planned to vacate his Commerce post to campaign. He attended a White House cabinet meeting and greeted reporters with a cheerful, expansive demeanor.
MENTIONED IN THIS ARTICLE
Hoover
Kansas City
Washington
Pennsylvania
Commerce Department
Mr. Hoover
Convention City
Taft
Hughes
Harding
Palo Alto
Cal
White House
William P. MacCracken
United States
Body found of bank hold-up victim identified as E A Kessinger
Liberal Kansas June 12 The body of E A Kessinger assistant cashier of the First National Bank Lamar Col kidnapped May 23 was found in an abandoned shack near Liberal. He had been shot to death. Four desperadoes robbed the bank killed A N Parrish and his son John. They fled into Western Kansas then kidnapped Dr W W Wineinger and shot him. A girl found the body. Identification came from a billfold. Loot totaled 10000 cash and 76000 in bonds. Officers scoured the bad lands for the bandits but no capture yet.
MENTIONED IN THIS ARTICLE
Liberal
Kan
E. A. Kessinger
First National Bank of
Lamar
Col
Here
Kessinger
A. N. Parrish
John
John. Escaping Into Western Kansas
W. W. Wineinger
Dighton
Kansas
Dr. Wineinger
Colorado
Heat toll rises as mercury hits 86 in Cincinnati
Two Cincinnatians collapsed in the heat as temperatures climbed to 86 degrees. Patrick Maloney, 63, of 1305 Mansion Avenue, and James Jackson, 52, of 425 West Eighth Street, were overcome. Maloney at Glenway and Grand in Price Hill, Jackson at St. Joseph's Cemetery in Price Hill. Jackson was taken to General Hospital, Maloney returned home. Brief showers at 5 pm offered brief relief. cooler weather and more showers were forecast for today.
Nationalist forces take Tientsin as Shansi troops move in
The Nationalists raise their flag over Tientsin and withdraw Northern troops led by Chang Tsung Chang and Chu Yu Pu. The city is turned over to Shansi control with a limited force kept to aid police, while foreign areas remain quiet.
MENTIONED IN THIS ARTICLE
Washington
Tientsin
Chang Tsung Chang
Chu Yu Pu
Clarence E. Gauss
State Department
Prohibition Row Breaks Open as Platform Talks Begin
Fights over the prohibition enforcement and farm relief planks erupt before the Resolutions Committee of the National Convention in Kansas City. Dr Nicholas Murray Butler and William S Ware push for wet planks as hearings proceed and a 15-member subcommittee is named to draft the party platform.
MENTIONED IN THIS ARTICLE
Associated Press
Kansas City
Resolutions Committee
New York
Nicholas Murray Butler
Columbia University
William S. Ware
Pennsylvania
Fess Omits Roosevelt in Keynote Speech Before G O P
Kansas City June 12 Senator Fess tried to deliver his keynote from memory and omitted Roosevelt in praising Republican presidents from Lincoln to Coolidge. Delegates complained of the omission, noting the manuscript included Roosevelt and that Young Theodore Roosevelt and sister were present on the floor.
MENTIONED IN THIS ARTICLE
Kansas City
Fess
Roosevelt
Lincoln
Coolidge
Cleveland
Wilson
Panama Canal
Theodore Roosevelt
Nicholas Longworth
Teddy
Ohio Senator Fess Heads Early GOP Convention Session
Ohio's Senator Simeon D. Fess delivers an extended speech as the Republican National Convention opens in Kansas City. The day centers on old fashioned Republican ideals and the contest for national committee posts remains unresolved while Hoover momentum and Maschke's influence loom over the floor.
Friendship Eails To Breast Air On Atlantic Flight
In TREPASSEY Newfoundland Wilmer Stultz plans a 3 30 am EST takeoff after heavy spray and rough seas fouled engine operations on the monoplane Friendship. Amelia Earhart's bid falls short while Mabel Bell flies from New York to Harbor Grace in the Columbia bia.
MENTIONED IN THIS ARTICLE
Atlantic
Mabel Bell
Newfoundland
Trepassey
Wilmer Stultz
Lou Gordon
Gordon
Amelia Earhart
Miss Earhart
New York
Harbor Grace
Also Mentioned on This Page
Lars
General Motors
Laurence Stern
New York Stock Exchange
Will and Aftelle
Corporation
Oil Man
Liberty
Louisiana
Paragon
J.C.C
Bsal
commisg&Kin
Idahoan
Wyvuno
Edge
Moses
New Hampshire
Curtis
Watson
Indiana
Deneen
Illinois
Gov. Fuller
Massachusetts
Sam R. McKelgie
Nebraska
Henry W. Anderson
Virginia
William J. Donovan
Hamilton Fish, Jr
Frank O. Lowden
Ed Clifford
Clifton Coffin
Billford
Shansi
Columbia and New
York
James L. West
G.O.P
Gavel
SEN
George H. Moses
Masghee
Schneller
Harold Coates
The
Commercial Tribune
Simeon D. Fess
Grant
Rutherford B. Hayes
McKinley
Union
Baltimore
Arthur Garford
Elyria
National Committee On Rules
William Wilson Wood
Piqua
Wood
Maurice Maschke
Maschke
Fred Schneller
Hamilton County
Mr. Schneller
Butler
Lowden
James L. Williams
Secretary of Commerce
William Butler
Bay
Mme. Schumann- Heink
Hyde
Missouri
Gov
Fitts
California
Leona Curtis Knight
Whode Island
Woodrow Wilson
Senator Fess
Andrew W. Mellon
Commerce Secretary
Stultz
Friendship
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