Wall Street Recovery Drives Bears to Cover as Prices Rise
In a dramatic shift on the Stock Exchange New York investors reversed sentiment. Long buyers and capital seeking investments pushed prices higher while bears scrambled to cover shorts. Clearing banks expanded support with loans and Treasury actions aimed at stabilizing the market amid fears and hopeful relief. London also reports the failure of the London and Northern Bank Limited.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Stock Exchange
Bears
Chemselven
Yevey Lis
Utanic
Thal
Secretary of the Treasury
London Bank
London
London and Northern Bank
Lmited
Rockefellers Gift Threatened By Market Slowdown At Chicago University
Chicago University faces difficulty securing the remaining 2,000,000 needed from John D. Rockefeller to complete his endowment after a 1,000,000 unconditional gift and a 3,000,000 total pledge. Wall Street reverses and investor caution dampen hopes for January payments, despite Harper urging juniors to attend a January convocation in cap and gown ready for a 100,000 gift if a donor appears.
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Chicago
University of Chicago
John D. Rockefeller
Harper
University
Wall Street
Rockefeller
TE Aa
Romania
Wireless tests from Mont Blanc to Chamounix described
The report details early wireless telegraph experiments between Mont Blanc and Chamounix with Lacarme brothers and Vallot's observatory receiver. Clouds and ice conditions limited nighttime coherer use, but atmospheric electricity affected the receiver. The setup included a 25 meter transmitter and Branly gold filling coherer, with Chamounix at 1000 meters and Vallot at 4350 meters.
MENTIONED IN THIS ARTICLE
Mont Blanc
Chamounts
Jean
Louis Lacarme
Vallot
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