Share Market In Brisk Recovery
The stock market steadied after a morning dip led by rails and recovered with gains of 2 to 4 points in many issues. Union Pacific briefly faltered, while New Haven hit a four year low on dividend uncertainty. Wheat outlook improved and European rates eased amid renewed market rumors.
MENTIONED IN THIS ARTICLE
Claude A. Jagger
Associated Press
New York
American Telephone
American Can
American Tobacco
Consolidated Gas
New York Central
Southern Pacific
U. S. Steel
Seara Roebuck
Eastman
Case
Union Pacific
International Business Machines
Allied Chemical
New Haven
Missouri
Kansas
Texas
Bangor
Aroostok
New Orleans Cotton Opens Quiet and Edges Down
New Orleans opening trades show losses of six to seven points as Liverpool cables came in lower. Early covering rallies faded on limited buying, with October near 6.89 to 7.01 and December around 7.08 to 7.22 before a quiet, slightly firmer late-morning tone and net declines of six to seven points at close. North Carolina tops the nation in wooden furniture manufacture for bedrooms and dining rooms.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Low Close
P. C. Ate Ke
New Orleans
P. C
Battle over Georgia party official elections sparks fracas
In Atlanta a house committee hearing on a bill to shift to primary elections for party officials led to a near-physical clash between Rep J T Sisk of Elbert and James W Arnold a committee member elect. Sisk accused graft while Arnold called him a liar prompting intervention. sponsors push to floor on minority report as federal employees linked to patronage bosses face scrutiny.
MENTIONED IN THIS ARTICLE
Atlanta
House
Georgia
J. T. Sisk
Elbert County
James W. Arnold
Sisk
Arnold
Senate
Robert Ramspeck
Japan Struck by Typhoon and Volcanic Eruptions
Tokyo reports a typhoon sweeping Miyako and Ishigaki with five dead, thousands of buildings destroyed or damaged, and many vessels missing. Asama volcano near Karuizawa erupts twice spewing ash and stones, while an earthquake shakes Hamamatsu causing citywide darkness and electric-line damage. Authorities put typhoon damage at 2,000 buildings destroyed and 3,000 homes damaged. Ishigaki sees hundreds of houses damaged and eight fishing boats sinks.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Miyako
Ishigaki
Loo Choos
Asama
Karuizawa
Hamamatsu
Shizooka Prefecture
Yokohama
Osaka
Nagoye
Atami
Shimizu
Miyako Island
Ishigako
Corn prices tumble to season low in Chicago trading
Market report shows December corn dropping over 2 cents to under 39 cents, the lowest since 1900, amid stop loss selling. September corn holds firmer as trading volume nears 15 million bushels, with most Chicago stock believed owned by a single major operator. Wheat and other cereals retreat along with corn.
MENTIONED IN THIS ARTICLE
Chicago
Cotton promotion group forms in North Carolina
A new state division of the association for increased use of cotton was formed in Gastonia with Mrs. W. D. Anderson as president. Gastonia will serve as state headquarters as plans for an intensive campaign spread across North Carolina. State and national officials delivered talks, with Raleigh to host a fall meeting.
MENTIONED IN THIS ARTICLE
Gastonia
Association For Increased Use of Cotton
North Carolina
W. D. Anderson
William A. Graham
Harold B. Booker
Columbia
D. C
National Association
Harry D. Wilson
Louisiana
Raleigh
B. B. Everett
W. M. MacLaurine
Charlotte
W. G. Gaston
Fred M. Allen
Tonia
Potatoes See Mixed Trade in U S Shipments
Chicago reports U S Department of Agriculture commodity notes with potato prices by region. Missouri cobblers bring 1.15 to 1.30 per hundred, New Jersey 150 pound sacks at 2.60, Idaho russets 1.74 to 2.00, Virginia hub cobblers 2.75 to 2.85, with overall steady but uneven trading and 130 total shipments noted.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Dept
U. 8 S
Missouri
New Jersey
Idaho
Sizg
Virginia Hdl
Cobblers
Sizemore Urges Public Help For High Point Baseball Club
Frank J. Sizemore secretary of the chamber of commerce appeals to High Point fans to support the local baseball franchise. He notes weather, heavy financial burdens, and prior private funding, urges immediate liberal contributions to sustain the club this season and beyond. The High Point Enterprise will credit any donations.
MENTIONED IN THIS ARTICLE
Frank J. Sizemore
Chamber of Commerce
High Point
North Carolina
Charlotte
Raleigh
E. E. Sensenbach
Charles W. Willis
Sizemore
High Point Baseball Association
Willis
Sensenbach
High Point College
Industrail
Farmers Board Estimates Compared With Final Cotton Crops
A memorandum for Senator Callander notes the crop reporting board switched in 1926 to a preferred method used by private traders. Over the last four years the board’s August 1 estimates exceeded final cotton crops three times and were below once, with figures for 1927 to 1930 comparing 18,492,000 bales vs 12,965,000. 14,291,000 vs 14,478,000. 15,543,000 vs 14,826,000. 14,362,000 vs 13,932,000. In 80 reports the board was higher 30 times and lower 50. Also mentions fish crossing Lake Michigan between Wisconsin and Michigan.
MENTIONED IN THIS ARTICLE
Callander
Danish Fliers Searched For In North Atlantic Missing
A Danish seaplane search along the southwest Norwegian coast and the Skagerrak and a Norwegian sweep from Oslo to Bergen failed to locate missing American aviators Cramer and Pacquette after they departed Detroit for a North Atlantic air route. Parker Cramer, optimistic after two failed Arctic trips, had hoped a third attempt would succeed.
MENTIONED IN THIS ARTICLE
Kattegat
Norway
Copenhagen
Skargaard Sea
Oslo
Bergen
Cramer
Oliver Pacquette
Detroit
Mich
Canada
Greenland
America
Europe
Faro Islands
Shetland Islands
Pacquette
Parker Cramer
Detroit River
Olive Pacquette
Denmark
Arctic
Bert Hassell
Rockford, Ill
Rockford
Stockholm
Tce
Chicago
Berlin
Trial Details Reveal Notes Behind 80 000 Transfer
Trial testimony shows Lea used 80 000 from Central Bank to pay notes including 14 400 from Luke Lea Sr and 17 000 from Luke Lea Jr. Others marked in Liberty Bank accounts and Central certificates. Judge Barnhill postponed proceedings to 2 30 p m for a conference on admissibility amid objections by defense.
MENTIONED IN THIS ARTICLE
Johnson
Lea
Liberty Bank
Luke Lea, Sr
Clarence Saunders
Central Properties
West End Utilities
National Investment Trust, Inc
Luke Lea
Central
Colonel Lea
Liberty
Central Bank
Belle Meade Land Company
Zeb V.nettles
M. W. Barnhill
Cubao and Brothers to Mexico for Eight Years
The group led by Cubao is sent to Mexico to remain for eight years. The subject’s youth and education occurred in the United States. As tensions rose, Santiago’s mayor urged residents to stay indoors warning police could not guarantee safety if unrest broke out.
MENTIONED IN THIS ARTICLE
Mexico
United States
Santiago
Nye proposes federal price fix on staples during downturn
Senator Nye urges a two to three year government price fixing program for key staples including cotton and wheat with a debt holiday for farmers. He advocates postponing intermediate credit bank loan collections and seeks federal action to aid the economy without naming exact prices. Nye cites drought in North Dakota and projects wheat at about one fifth of normal production.
MENTIONED IN THIS ARTICLE
Washington
Hoover
Nye
North Dakota Republican
Aviators Queried as Photos Over Japan Spark Case
Tokyo reports Me Pangborn and Hugh Herndon Jr were questioned by the public procurator after authorities held their plane for photographing over Japanese territory. The questioning will continue tomorrow. Don Moyle and C A Allen, Calif aviators planning transoceanic flight, received duty exemption extension to end of September and aim to fly to Seattle by mid September.
MENTIONED IN THIS ARTICLE
Tokyo
Me Pangborn
Hugh Herndon, Jr
Don Moyle
C. A. Allen
California
Shanghai
Moyle
Allen
Seattle
Nautilus Adrift in Arctic With Engine Trouble
The submarine Nautilus, carrying Sir Hubert Wilkins on a North Pole under ice mission, was reported adrift in Arctic waters with unreparable engine trouble. The vessel left Tromsoe for Spitzbergen yesterday and drifted with the current as the crew labored through the night.
MENTIONED IN THIS ARTICLE
Tromsoe
Norway
Sir Hubert Wilkins
North Pole
Arctic
Spitzbergen
William McPherson Reads With Tongue
William McPherson, blind and handless, reads the Bible by touching raised letters with his tongue. He may receive up to $1,000 from Rev. D. T. Lauderdale as a prize share in a contest that awarded $2,000, with plans to divide the winnings with the afflicted Scottish reader. A 1906 premature dynamite explosion crippled him, yet he pursues Bible reading for solace.
MENTIONED IN THIS ARTICLE
Kansas City
William McPherson
D. T. Lauderdale
Lexington
McPherson
Merchants Leaders Back Taxes and Labor Reform
Willard C. Dowell of the North Carolina Merchants Association Giles C. Courtney of the International Typographical Union and J. H. Fullerton of Axton Fisher Tobacco spoke this morning. They urged federal social legislation regulation of bus and truck operations and asked the General Assembly to outlaw the yellow dog contract.
MENTIONED IN THIS ARTICLE
General Assembly
Willard C. Dowell
North Caroline Merchants Association
Giles C. Courtney
International Typographical Union
J. H. Fullerton
Axton-Fisher Tobaccco Company
Lawrence Tiswell Hit By Automobile
Henderson reports four year old Lawrence Twisdale was struck by a car driven by J. Batts and left unconscious. Also noting Michigan radio ownership figures: 1,183,167 families listed.
MENTIONED IN THIS ARTICLE
Lawrence Tiswell
Henderson
Lawrence Twisdale
J. Batts
Michigan
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