Explosion Follows Drop of Gold Standard Markets Rally
New York April 8. The U S move off the gold standard triggered a surge in stocks and commodities with large gains in Corn Products International Nickel and National Steel and broad price boosts in copper silver and lead. Profit taking trimmed advances by midday and dollar weakness persisted.
MENTIONED IN THIS ARTICLE
New York
United States
International Nickel
National Steel
Cerro de Pasco Copper
American Telephone
International Telephone
Allied Chemical
Kroger
International Silver
Proctor and Gamble
S. Steel
Two Suspects Held in Gibsonville Bank Robbery
Two suspects B. G. and Lester Green father and son who assaulted Officer Ray Nance to aid a getaway are sought for questioning in the January Bank of Gibsonville robbery. Two men believed complicit are in custody in Waycross Ga awaiting identification before return to North Carolina. Police hunt for a third man as the Bank of Gibsonville robbery nets about $1200.
MENTIONED IN THIS ARTICLE
B. G
Lester Green
Ray Nance
Bank of
Gibsonville
Waycross
Beig
W. G. Friddle
Thomasville
Davidson County
Nance
Green
Bank
Stage Show Cancelled Here Friday At Paramount
The theater in High Point cancels the Friday and Saturday appearance of the stage act Crazy People due to a booking error. Gabriel Over The White House is substituted as the feature, announced by Manager Bob Talbert. A bank robbery incident is noted with details of a cashier and patron forced into a vault and a burglar alarm failing to respond. Guilford County authorities request the Greens for questioning but they refuse to enter police headquarters.
MENTIONED IN THIS ARTICLE
Paramount Theater
High Point
Bob Talbert
Gabriel
White House
B. Walters
Howard Waynick
Walters
Guilford County
B. G
Lester Green
Roosevelt pushes legislation through Congress and international talks
The administration advances a bill with leaders and Raymond Moley at the White House, seeking full presidential approval. Treasury debates bank reopening collateral while Woodin cites commodity price rises from the gold embargo. Roosevelt prepares late week talks with Prime Minister MacDonald on global trade, money, and tariffs.
MENTIONED IN THIS ARTICLE
Senate
Raymond Moley
Roosevelt
White House
Woodin
Phillips and Moley
State Department
Douglas
Pittman
Senate Foreign Relations
Byrnes
South Carolina
Treasury
Federal Reserve Banks
MacDonald
Great Britain
United States
Meeting Honors Y M C A Official Friday Night
Details completed for a Friday night gathering at Broad street home of Mr. and Mrs. M J Wrenn to welcome François Harmon executive secretary of the international committee of the YMCA. Dr A B Conrad opens with devotion. Miss Sloan and L Gray Jr sing, Miss Mae Kirkman plays.
MENTIONED IN THIS ARTICLE
François Harmon
International Committee of the
M. J. Wrenn
Broad Street
Y. W. OC
A. B. Conrad
First Baptist Church
Margaret Sloan
L. Gray, Jr
Mae Kirkman
Mr. Wrenn
Foreign Work Committee
Ee. G. Wilson
Atlanta
Industrial Department
Wilson
Harmon
Debate Tonight At High Point College
An intercollegiate debate between High Point College and Western Carolina Teachers College in Cullowhee N C will be at 7 30 P M in Roberts Hall auditorium. The question asks if the United States should consent to cancel inter Allied war debts. High Point College defends the affirmative with C T Morrie and Dwin Davidson the visitors take the negative.
MENTIONED IN THIS ARTICLE
High Point College
Western Carolina Teachers College
Cullowhee
N. C
Roberts Hall
United States
C. T. Morrie
Dwin Davidson
Eee
Dollar Drops as Bonds Decline and Commodities Rally
The opening price slipped to 74 dollars as bonds fell and many issues especially metals rose by one dollar. Brokers crowded rooms and trading pits buzzed with urgency as traders chased orders amid a dollar slide from the gold standard and volatile exchange moves. Sterling surged twenty cents per pound while Dutch, Swiss and Belgian gold currencies advanced broadly.
MENTIONED IN THIS ARTICLE
Holland
Switzerland
Belgium
Bisons Face Salisbury in Friday Dual Meet
Point's track team travels to Salisbury for a major dual meet against Salisbury High. Key performers include Graham in high jump and pole vault, White in sprints, Gardner in low hurdles, and Scarlett in pole vault. High Point lists a strong lineup across sprints hurdles jumps and throws.
MENTIONED IN THIS ARTICLE
Bisons and
Salisbury
M-son
Graham
White
Gardner
Scarlett
Charlie Spencer
Ridge
Renkin
Thomas
Fowler
E. Rankin
DB. Hebbard
Spry
J. Cook
Abandonment of the Gold Standard Explained
Foreign exchange experts describe how a United States backed by a large gold hoard faces pressure to devalue the dollar through international policy moves. They foresee a potential broad restoration of the gold standard, possibly via joint devaluation of sterling francs and dollars or a cut in official gold reserves to around 25 percent.
MENTIONED IN THIS ARTICLE
United States
New York
Wall Street
Washington
Senate Act Seeks Broad Tax Reforms on Assets and Incomes
Bill proposes changing book value of capital assets to market value for state accounting. Power tax and franchise rate boosted. half mill on electricity produced or sold. Franchise corp taxes rise to five and a half percent. railroad franchise tax increases to 90 cents per $100. Individual income tax rates climb across brackets beginning at three percent. Inheritance taxes also boosted.
Inflation and Investment Mood Reflected in Market Dithering
In a page seven continuation, readers learn that investors face mixed signals as inflation persists. Some urge converting holdings to stocks while others doubt sustained stock gains due to pending corporate earnings and lingering surpluses. Speculators wonder if monetary action alone can restore staple prices, yet hope grows that deflationary pressures have eased.
Butter and Eggs Prices in Chicago Market Report
Chicago April 20 butter prices show firm creamery specials at 21 32 percent with extras 21 percent and firsts 20 percent. Begs receipts list extra firsts 19 percent fresh graded firsts 13 percent and storage packed firsts 15 to 154 percent.
MENTIONED IN THIS ARTICLE
Chicago
Also Mentioned on This Page
High Point Ice and Coal CO
Richard Watts
N. Y
Herald-Tribune
Boston Globe
Philadelphia
Bulleti
Boston Herald
Nol
North Carolina Theatre
Enterprise
Rei
V : Besa
Eset
Sener Erste
Beeen
Sone Eer
Curb, Asso Gas Blee A
Ieee
Atchison
Auburn
Wee Aviat Corp
Gillette
Goodrich
Good
Mo Pac
Monty Ward
Nash Motor
Nat Dairy
North Amer
North Pac
Pace
Packard Motor
Penn
Phillips Petree Es Pub Ser
Geet
Gee Pullman
Radio
Ren Tob
Sears Roeb
Eerr
South Pac
Lee
Studebaker
Guilt
Ere
Ee Unit Corp
U S
Steel Pia
Western Union
West el Mig
Oer Ge
Woolworth
Tee
Congress
P.C
Greensboro
Wade Marlettegg
Union Mattress Co
W. C. Brown
North Wrenn Street
Co-Op Finance CO
West Washington Street
E. L. Rahyne
Clasentea Omenay Aa
Thanes
Li A. M
Allen Jay School
Allen Jay
Care Enterprise
Kodak
Hart's Pharmacy
Wright
Hamilton Street
Clein
Washington Street
Pointer
Willis McMurry
John Raper
Monthey Ave
Corner
Hick St
J. WN. Ea
Steele St
J. Bardgon
Willow
Whiteoak
Steele
Edgedale I
Stoome and
Bath
Willowbrook
Redding
Saat
Dre 5Ley
Staley
Joes SN. Johnson
Haimitombo
Reehte
Greyling
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