Stock Market Rises on Fresh Buying Across Sectors
New York stocks and commodities surged as fresh buying followed farm relief inflation news. Major gains appeared on the exchange with American Can, American Telephone, GM and U S Steel reaching new highs while cotton and futures rallied and trading volume surged.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Chicago
The
Stock Exchange
American Can
American Telephone
General Motors
United States Steel Common
Western Union
Allied Chemical
Sears Roebuck
Westinghouse Electric
Standard Oil of
New Jersey
New York Central
Montgomery-Ward
Santa Fe Railway
du Pont
0. S. Steel
General Electric
Woodin Denies Resignation Rumors Amid Inflation Clash
Secretary Woodin, bedridden, denied plans to quit the treasury and voiced support for Roosevelt’s inflation program. He urged reporters to report truthfully and criticized enemies seeking to sow dissension. Norman H. Davis proposed a world economic armistice to halt barriers while the World Economic Conference prepares reforms.
MENTIONED IN THIS ARTICLE
Secretary of Treasury
Roosevelt
Washington
Woodin
Treasury
North Carolina Sunday School Association Cancels Convention
The NC Sunday School association announced the executive committee decision to cancel the annual state convention this year. Maj. Gen. Edward M. King of Atlanta is due at Fort Bragg to inspect the civilian conservation corps, arriving Monday.
MENTIONED IN THIS ARTICLE
Winston-Salem
North Carolina Sunday School Association
Fayetteville
Edward M. King
Atlanta
Fourth Corps
Fort Bragg
Civilian Conservation
Filibuster Ends as South Carolina Senate Approves Hydroelectric Bill
After a 14 hour filibuster by Sen. Fred West of Abbeville the South Carolina Senate approved on third reading a bill to allow the state to enter a large hydro electric project along the Cooper and Santee rivers. The measure requires at least 40 million dollars borrowed from the Reconstruction Finance Corporation. A fist fight broke out between Sen. Cooke and Sen. Jefferies on the floor as the session concluded.
MENTIONED IN THIS ARTICLE
Columbia
8. C
Fred West
Abbeville
Senate
House
South Carolina
West
Cooper
Santee
Reconstruction Corporation
Cooke
Horry
Jefferies
Colleton
Two More Weeks Of State Assembly Is Now Foreseen
Raleigh April 29. The senate moved toward a compromise revenue bill after fighting the house on fiscal policy. The two chambers near agreement on a three percent sales tax with exemptions and a changed corporation tax. The dispute centers on the sales tax as a budget balance deadline nears. If no concurrence conference may delay adjournment past next week.
MENTIONED IN THIS ARTICLE
Robert L. Thompson
Associated Press
Raleigh
Senate
House
Clark
Edgecombe
Boggan
Anson
Rankin
Gaston
Bennett and President in Accord on World Market Reform
President Roosevelt and Canadian Prime Minister Bennett announced an accord on economic improvement and joint steps to raise commodity prices. They agreed to explore methods to boost cross border trade and to restore an international monetary standard as soon as practicable. They emphasized coordinated action in both economic and monetary fields.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Bennett
Canada
United States
North American
Texas Representative Dies In Washington
Representative Clay Stone Briggs of Texas, age 56, died suddenly in his Washington apartment. He served since 1919 as the seventh Texas district congressman which includes Galveston, his hometown. Briggs was born in 1876 at Galveston and educated at the University of Texas Harvard Yale. He had been a district judge and served in the Texas House and on the rivers and harbors and merchant marine committees.
MENTIONED IN THIS ARTICLE
Washington
Clay Stone Briggs
Texas
Briggs
Galveston
Congress
Tenth Judicial District of
University of Texas
Harvard University
Yale
Louis Clayton Woodworth
New York City
Merchant Marine, Radio and Fisheries
Aviation progress boosts speed in early planes
Des Moines reports enthusiasm for faster flight as new two motor Boeing ships with ten seats claim speeds up to 180 miles per hour. The piece notes airlines seek to cut flying time by a third and suggests railroads could attract travelers by quickening schedules.
MENTIONED IN THIS ARTICLE
Des Moines
Raleigh
Boeing
Raiload
Inflation Bill Passed by Senate Sparks Urgent House Action
The Senate approved sweeping inflation legislation tied to farm relief by a 64 to 20 vote after rejecting a soldiers bonus amendment and allowing up to 200 million dollars in silver payments on war debt. President Roosevelt aims for prompt enactment as House leadership plans conference to reconcile differences.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Rainey
Glass
Virginia
Bailey
North Carolina
Bulkley
Ohio
Clark
Missouri
Wallace
Federal Reserve Banks
Treasury
Roosevelt
Robinson
Indiana
Daylight Saving Time Starts Across Many States
About one third of the U S population will set clocks ahead one hour tomorrow in daylight saving observance. States conforming include Illinois Indiana Ohio Michigan Minnesota North Dakota Maine Connecticut New York Maryland Delaware Pennsylvania New Jersey Rhode Island and West Virginia with clocks jumping from 2 am to 3 am.
MENTIONED IN THIS ARTICLE
New York
United States
Illinois
Indiana
Ohio
Michigan
Minnesota
North Dakota
Maine
Connecticut
Maryland
Delaware
Pennsylvania
New Jersey
Rhode Island
West Virginia
North Carolinians Ready For Beer At Midnight Sunday
North Carolinians counted the hours until midnight Sunday as 3.2 beer becomes legal at 12 01 A M Monday. Commissioners weighed licenses for sale while trucks from breweries delivered crates and kegs to supply the first demand. In Charlotte signs announced midnight availability and a Brew Year’s Eve Dance as stores received orders for crates of beer.
MENTIONED IN THIS ARTICLE
Charliatte
Tar Heel
Charlotte
Chinese Flee as Japs Use Full Power
Tokyo dispatches report Chinese troops retreating in disorder toward Peiping after a fierce assault by Nippon's soldiers. Japanese forces plan a follow-up attack and reorganize for a push toward the former Chinese capital. The Eighth Japanese division under Lieut. General Yoshikazu Nishi breached Chinese lines near Kupeikow Pass, with heavy Chinese losses after eight days of fighting.
MENTIONED IN THIS ARTICLE
Tokyo
Nippon
Peiping
China
Kupeikow
Great Wall
May Day Tight Races and Rigid Bans Across Nations
The article notes Moscow plans a major May Day display while Austria and Germany ban communist demonstrations. Hitler’s regime uses the holiday for nationalism. In the U S and elsewhere authorities seek peace with limited steps. Chile and Argentina restrict communist symbols and protests, and Cuba bars demonstrations but allows a business holiday.
MENTIONED IN THIS ARTICLE
PRISS
Moscow
Austria
Germany
Berlin
Vienna
Hitler
United States
Chile
Argentina
Cuba
Telephone companies told to show cause at NC hearings
Raleigh April 29 The state corporation commission notified North Carolina telephone companies to appear at hearings starting next week to explain why an order should not be issued limiting annual maintenance and depreciation reserves. Proposed reductions in costs of service will also be discussed.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
State Corporation Commission
Plans Under Way for NC Pharmaceutical Convention Entertainment
Charlotte reports plans to complete the entertainment program for the North Carolina Pharmaceutical Society convention to be held in June. Local organizers coordinate events and activities to showcase regional offerings and ensure a full schedule for attendees.
MENTIONED IN THIS ARTICLE
Charlotte
Three More Bills Introduced By Chief In Congress
Washington April 20 AP The administration moves three additional bills in Congress to finish the wartime special session agenda. The proposals aid railroads give broad tariff powers to the president and fund large public works to boost employment. They will likely be sent in sequence as sessions break for a weekend holiday.
MENTIONED IN THIS ARTICLE
Congress
Washington
Roosevelt
Palmetto Man Made President of Cotton Association
T M Marchant of Greenville South Carolina elected president of the American Cotton Manufacturers association succeeding B B Gossett of Charlotte. W D Anderson of Macon Georgia named first vice president and T H Webb of Concord second vice president. W M McLaurin of Charlotte re elected secretary and treasurer. Directors named R R West Danville Virginia R E Henry Greenville South Carolina Herman Cone Greensboro North Carolina J H Cheatham Griffin Georgia S S K Beattie Greenville South Carolina Fuller Callaway LaGrange Georgia Kent Lewis Durham North Carolina. The Faver amendment to the prison labor act endorsing limited cotton duck production was approved along with resolutions praising the legislative committee and retiring officials. Gossett received the retiring president's medal.
MENTIONED IN THIS ARTICLE
Pinehurst
T. M. Marchant
Greenville
5. C
American Cotton Manufacturers’ Association
B. B. Gossett
Charlotte
W. D. Anderson
Macon
Bibb Manufacturing Company
T. H. Webb
Concord
W. M. McLaurin
Marchant
Anderson and Webb
R. R. West
Danville
R. E. Henry
N. C
United States
Association
Washington
Gossett
Asheboro Man Killed by Falling Tree Limb
An Asheboro man identified as 63 year old B. 8. Scott was killed near his home when a tree limb canopy fell and crushed his head according to local authorities.
MENTIONED IN THIS ARTICLE
Asheboro
Scott
Raleigh salesman found dead by hanging in Durham hotel
Mor ris Blumenthal a 34 year old Raleigh salesman was found hanged in a Durham hotel room police said he likely killed himself Friday night The body was discovered by a Durham officer after Raleigh police sought help locating him Blumenthal’s wife was en route from Raleigh.
MENTIONED IN THIS ARTICLE
Durham
Morris Blumenthal
Raleigh
Blumenthal
Detectives Close In On Slayers Of Motorman J W Brown
Detectives near the end of the trail in the search for those who killed street car motorman J W Brown on March 25. A warrant for an unnamed suspect in another city was ready for service as officers held details pending arrest.
MENTIONED IN THIS ARTICLE
Charlotte
J. W. Brown
Belmont Mansion Raided by Federal Agents in Dry Era Crackdown
Federal agents seized eight prisoners and a 5 000 gallon molasses alcohol still at the Belmont mansion owned by Mrs O H P Belmont. Eight prisoners include workers of an unnamed dealer. The 27 room estate sits 1 000 feet back from the road on wooded grounds.
MENTIONED IN THIS ARTICLE
Belmont Mansion
Hempstead
L. L
N. Y
New York
Mra. O
Belmont
Also Mentioned on This Page
Davis
London
Norman H. Davis
British Foreign Office
John Simon
Mr. Davis
Locarno
Ray Atherton
S. C. Senate
Will Roge
Daniels
Josephus Daniels
President Rodriguez
Chapultepec Palace
White House
Glass and Bailey
Palmetto
American Cotton Manufacturers Association
By Charles Harner