Stocks Break as Liquidation Sets In
New York April 9 The stock market faced real liquidation with prices faltering after an irregular early interval. Speculators failed to attract outside support, credit tightened, and heavy bear selling forced stops. Prominent names fell including American Express Adams Express Federal Mining and Radio with several rail stocks sliding to year lows.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
AP Financial
New York
Time Money
London
American Express
Chase National Bank
Adams Express
Federal
International Telephone
Washington
RCA Communications
Congress
Wright Aeronautical
Kolster Radio
Columbia Carbon
Advance Rumley Common
Preferred
National Cash Register
Aliss Chalmers
Safeway
Radio and
Baldwin
New York Traction
United States Supreme Court
Manhattan
Third Avenue
Brooklyn
U. S. Supreme Court
Louis & O’fallon
Delaware & Hudson
New York Central
Norfolk & Western
Maryland
Lowe Heads Cotton Men
B T Lowe of Augusta Ga was chosen today to succeed J S Billingsea of Alabama as president of the Atlantic Cotton association at its annual two day convention closing session at the Cavalier Hotel Virginia Beach.
MENTIONED IN THIS ARTICLE
Lowe
Norfolk
B. T. Lowe
B. T. Lowe and Company
Augusta
J. S. Billingsea
Albamy
Atlantic Cotton Association
Cavalier
Virginia Beach
Cotton and stock futures edge higher in early trades
New York stocks tied to October 1982 activity rose about 12 points from yesterday's close with notable gains in May July and Oct contracts. Cotton futures closed with a net advance of 7 to 13 points as the market held steady near midday amid cautious trading and a weak weather outlook.
MENTIONED IN THIS ARTICLE
Shorts
P.C
Case Dismissal Ends I'm Alone Rum Run Case
In New Orleans on April 9 Captain John Thomas Randell and crew of the Canadian schooner I'm Alone were dismissed at the district attorney's request. The action ends the criminal side of the case though coast guard rights to seize and sink rum runners remain intact. The DoJ cited insufficient federal evidence to proceed. The Canadian legation will present its view to the State Department.
MENTIONED IN THIS ARTICLE
New Orleans
John Thomas Randell
Coast Guard
Gulf of Mexico
United States
Edmond E. Talbot
Department of Justice
Washington
Reginald H. Carter
Edwin H. Grace
Louisiana
I’m Alone
Department
Gulf
Legation
State Department
Liabilities figures from ledger show multiple item totals
The fragment lists liabilities and small amounts including 472492.82 1200 980.33 159.20 40.80 2607.40, indicating a financial accounting line with several line items and a large liability total. The source provides no names or dates.
Wheat Rebounds On Big North American Export Hopes
Chicago grain markets rallied late as signals of strong North American export demand offset a sharp earlier dip. Wheat futures rose from a low, with May and July contracts trading around 121 to 126 cents, while corn oats and provisions showed modest moves amid fluctuating quotes.
MENTIONED IN THIS ARTICLE
Chicago
New York Cotton Advances on Rain Fears and Realizing
Buying grew active late morning as traders anticipated rains in the central belt spreading eastward and a wet spell in the south. July and December futures posted gains of about 19 to 24 points amid some profit taking as demand tapered. midday quotes showed 8 to 10 point declines from the session high.
New Orleans Cotton Opens Steady on Bullish Signals
The New Orleans cotton market opened steady with gains of 6 to 8 points as Liverpool cables were stronger than expected. Buying continued after the opening due to rains and expectations of a bullish textile report to be issued after the close. May reached 19.94 and July 20.91.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
WRECK VICTIM SHOT IN HOSPITAL INCIDENT
Henry Martin of Columbia died after being shot in self defense by Officer A B McGraw at Columbia hospital following a wreck near the Congaree river bridge. McGraw is jailed on drunkenness and reckless driving charges with an inquest planned tonight.
MENTIONED IN THIS ARTICLE
Henry Martin
Columbia
Columbia Hospital
A. B. McGraw
New Brookland
Richland County
A. W. McCain
Martin
Congaree River
Henry Ford
McGraw
T. A. Heise
W. H. Thompson
L. C. Merchant
Samuel Hall
McGraw M. J. Mims
County Agent Advises Orchard Spraying In Buncombe
Apr 9 Asheville report states L Dale Thrash Buncombe county farm agent urges orchardists to spray peach and apple trees to shield them from disease and insect damage.
MENTIONED IN THIS ARTICLE
Asheville
Dale Thrash
Buncombe County
Citywide cleanup makes rapid progress says health officer
Dr. S. S. Coe announced the city is cleaning up faster than ever with strong cooperation from residents. Trucks will reach the third ward tomorrow and the fourth ward next Monday, urged to assist city workers at each stop.
MENTIONED IN THIS ARTICLE
S. S. Coe
Delta Tau Delta Moves to Remove Virginia Chapter Charter
University of Virginia officials say no statement yet on Delta Tau Delta arch chapter action to withdraw Beta Iota chapter charter for alleged liquor violations. Alumni investigation planned. local chapter says liquor ban agreements already in place and university rules are being followed.
MENTIONED IN THIS ARTICLE
Charlottesville
J. L. Newcomb
University of Virginia
Delta Tau Delta Fraternity
Virginia
Frank 8. Hemmick
Arch
Beta Iota
Curtis IF. Cuddy
Roanoke
David Hapburn
Edwin A. Alderman
Administrative Council
Delta Tau Delta
Cuddy
Frank S. Heimmick
Delta Tau Delta House
University
Baltimore
Phillies search for shortstop as Thevenow recovers
Philadelphia reports that President Baker and Manager Shotton are shopping for a high quality shortstop while Thevenow is out. They have made offers for several players and may use rookies to cover early, with Barney Friberg possible to take the role at season start.
MENTIONED IN THIS ARTICLE
Philadelphia
Tommy Thevenow
Baker
Shotton
Phillies
Thevenow
Barney Friberg
Oil and retail giants show mixed March results
Daily average crude output rose by 36 361 bbls in the week ended April 6 to 2 660 919 bbls per day as Warner Quintin trims wholesale gasoline by a half cent to 9 1 2 cents F. O. B. refinery. J C Penney March sales reach 15 381 264 while department stores post 1 533 257 in March. Island Creek Coal mined 462 740 tons in March, down from February and March 1928. FE H Romine and sons merge with Howe and Company.
MENTIONED IN THIS ARTICLE
Oil & Gas Journal
Warner Quintin
J. C
Penney Co
FE. H. Romine and Sons
Howe and Company
Island Creek Coal Company
Cotton Letter Reports Weather, Market Outlook
Liverpool 12 15 p m May six July six October two December two American points better than due Spot sales 7 000 Middlings 10 82 vs 10 75 yesterday Forecast eastern belt Ark and East Texas showers Okla and West Texas part cloudy Worth Street quiet prices steady Two more strikes launched in North Carolina No particular news technical position favors an upturn William and Travere favorable toward purchases on moderate setbacks Hubbard Brothers market dependent on weather Orvia Brothers and Co favorable view of long side Hentz and Co believe advance due to oversold condition any bullish news will find market responsive Keech doubts near term move unless conditions adverse
MENTIONED IN THIS ARTICLE
Liverpool
Ark
East Texas
Okla
West Texas
Worth Street
North Carolina
William and
Travere
Hubbard Brothers
Orviea Brothers and Co
Hentz and Co
Keech
Poorly Made Bombs May Have Saved Legislators
Police say two bombs dropped in the New Delhi legislative assembly failed to cause many casualties due to amateur construction. Bombs, made from preserve cans with metal scraps and explosives, hurled fragments across the chamber. Sir Bomanjee Delalal, an 80 year old Bombay merchant, wounded in the thigh, received support for his philanthropic work. Sir George Schuster had a minor splinter wound and shock.
MENTIONED IN THIS ARTICLE
New Delhi
India
Legislative Assembly
Sir Bomanjee Delalal
Bombay
George Schuster
Episcopal Women Gather in Raleigh for 47th Convention
Delegates from across North Carolina arrive in Raleigh for the 47th annual Woman's Auxiliary convention of the Episcopal diocese. An estimated 100 to 150 delegates attend. Rev. G Warfield Hobbs editor of The Spirit of Missions will be the principal speaker at the opening program.
MENTIONED IN THIS ARTICLE
Raleigh
Woman's Auxiliary of the
Episcopal Diocese of
North Carolina
G. Warfield Hobbs
the Spirit of Missions
John W. Moore Held for Forging Notes in Charlotte
John W. Moore, a noted Charlotte auto service man and sports figure, was arrested on indictments for forging his uncle W. M. Moore's name on notes totaling 2,550 dollars. He was released on a 10,000 dollar bond. The item also notes five locomotives under construction between Portola California and Elko Nevada with 15 000 gallon water capacities.
MENTIONED IN THIS ARTICLE
Charlotte
John W. Moore
Charlotte Auto Service
W. M
Bud’) Moore
Dsert
Portola
Cal
Elko
Negr
High Point Woman Cured By Prof Pole Of Soreness And Pain
Mrs. W. 8. Cain from Trinity North Carolina proclaims cure after treatments by Prof S J Pole for chronic hand pain. Claims 25,000 patients treated worldwide with free consultations in ten languages. Advertising office hours and pricing listed.
MENTIONED IN THIS ARTICLE
High Point
Pole
S. J. Pole
Cain
Trinity
N. C
Commercial National Bank
Ady
Stock opinions from several brokers on rails and steel stocks
Lamson, Hutchins and Co. favor centered trading in rails with Hornblower and Weeks Steel leading the industrial list. They plan continued buys in Bethlehem Steel, Republic Iron and Steel, Youngstown Sheet and Tube, and U S Steel. E F Hutton expects weeks or months of quiet markets before selective gains. Lamson foresees strong wheat with profit taking on bulges, corn following. Bartlett Frazier notes wheat covering weakens confidence and remains bullish on corn setbacks. Stein Alstrin anticipates an immediate wheat advance due to past declines and delayed recovery efforts.
MENTIONED IN THIS ARTICLE
Lamson Brothers
Bartlett Frazier
Stein Alstrin
Chicago Livestock Prices Move Across Wide Ranges
Chicago market report shows hogs at 20 230 c lower with slow trade and mixed lots across weight classes. Calves cattle and bulls display varied values from 6.25 to 16.50 with stockers and feeders also fluctuating.
MENTIONED IN THIS ARTICLE
Chicago
Cotton Men Favor Limited Legislation on Future Contracts
The Atlantic Cotton Association adopted a resolution at its sixth annual Virginia Beach convention favoring cooperation with Congress on needed laws but opposing additional controls on future contracts. Richard T. Harriss urged examining inactive trading months for hedging and predicted a willing NY cotton exchange to support a broader, open market. About 300 visitors attended, with officers to be elected and routine business on the agenda.
MENTIONED IN THIS ARTICLE
Norfolk
Atlantic Cotton Association
Congress
Association
Virginia Beach
Richard T. Harriss
New York
New York Cotton Exchange
Hampton Roads
Butter and Eggs Market Report New York April 9
Butter prices ease with receipts totaling 17 233. Creamery extra at 92 score yields 44 percent firsts 88 to 91 score 43 percent. Cheese receipts reach 80 620. Eggs receipts amount to 67 929 and market remains unsettled.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
Joe. F. Clark & Co
Atchison Ee
Allied Chem
Atlantic Refining
Ajax
Am Steel
Barnasdall Corp
Briggs Mfg Co
Barnet Leather
Balto and Ohio Een
BEI
Bosch Magneto
Bethlehem Steel
Calumet Hecla
Childs Co Ee
Colo Fuel
Corn Products Ee
Coml Credit Co Ee Eene
Contl Motors S
Chesa
Ohio
Congoleum
Anadian Pac
Curtice Aero Ae
Chrysler
Davison
Telseer
Kelly Sp Tire Eee
Kennecott Copper Kresge S S
Kroger
Lig and Myers
Loew's
Ludlum Steel
Merland Oil
E. Ee
Seaboard Oil
Miami Copper
Mo Kan
Tex RR
Montgomery Ward
Murry Corp Tom
Magma Copper
Nash Motors
Nat Cash
Natl Dairy
NY Central
Nor Am Corp
Northern Pac
Ene
Otis Steel Corp
Packard Motors Sear
Pathe
Penn RR
Radio Corp of Am
Reynolds
See Tee
Remington Rand
Sears Roebuck
Sinclair Oil
Simmons Co . A
Superior Oil
Southern Rymem
Ya Ltd Oil N J
Ss Ltd Oil N
US Steel Corp
U S Rubber
U S Ind al
Vick Chem
See Et
Warner Bros
White Motors
ATM
Willys Overland
Woolworth Cooeeee
Youngstown
IM Alone Grew
High Point Morris Plan Bank
Corporation Commission
State of North Carolina
County of Guilford
W. R. Morrow
Sec
Treas
D. A. Stanton
G. F. Wilson
Sec. Treas
E. J. Edwards
W. F. Freeman, Engineer
West Wassington
Chicago Grain
Delta Tau Delia
Virginia Chapter
Dean
Episcopal Women IN
Chicago Livestock
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