Utility Shares Selloff Unsettles Market Amid Big Gains
Heavy selling in public utility stocks pushed several names down 2 to 6 points while the broader market steadied and then rose on strong Morgan stock demand. U S Steel touched a new high as other Morgan group issues climbed. several rail and utility stocks also posted notable gains despite early declines.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
Associated Press
New York
Morgan
Iron Age
U. S
Union Carbide
General Electric
Johns Manville
International Harvester
Eastman Kodak
Underwood
Elliott Fisher
Bendix Aviation
Western Union
Motor Products
Safeway
American Tobacco
National Surety
Fidelity-Phoenix Insurance
National Cash Register
Jersey Central
Norfolk and Western
Atlantic Coast Line
Atchison
New York Central
American
American Water Works
North American
Pacific Lighting
Columbia Gas
Detroit Edison
Standard Gas and Electric
National Power and Light
American Power and Light
Liverpool cotton prices rise as sales reach 6000 bales
Liverpool spot cotton gains observed with good business. American sizes show higher values from strict good middling to good ordinary. Sales total 6,000 bales including 3,400 American. receipts 12,000. Futures closed quiet and steady with July to May contracts listed.
MENTIONED IN THIS ARTICLE
Liverpool
Eng
Indiana Law Defines Reckless Driving At 25 MPH In Crowded Roads
A new Indiana statute declares driving at twenty five miles per hour reckless when streets are crowded. The law sets the threshold to penalize motorists who endanger pedestrians and other drivers in congested conditions.
MENTIONED IN THIS ARTICLE
Indiana
Lindbergh Pays for Crashed Plane After Mexico Flight
Colonel Charles Lindbergh paid Central Airlines of Wichita for the monoplane he crashed while landing after a flight with his fiancée Miss Anne Morrow in Mexico City. He flew to Mexico City from Kansas City in the borrowed plane after motor trouble. Mrs Lindbergh accompanies him on an inspection tour of the Trans Continental Air Transport route.
MENTIONED IN THIS ARTICLE
Wichita
Kane
Waynoka
Okla
Chas. A. Lindbergh
Central Airlines of
Anne Morrow
Mexico City
Kansas City
Asheboro National Guard unit to Camp Glenn for two-week encampment
The Asheboro National Guard unit of 27 men and two officers will depart Saturday July 6 for Camp Glenn for a two week encampment. Lieuts Clarence Lovett and Roy Cox lead the company, trained in recent weeks. The unit, organized May 24, 1928, has earned praise in the state guards. many members have overseas service in World War I.
MENTIONED IN THIS ARTICLE
Asheboro
Benbow Arcade Sold in Greensboro by High Point Firm
The Arcade Realty group, dominated by High Point businessmen, bought the Benbow Arcade on South Elm Street in Greensboro for 535000. The property will operate as before under Mrs. Mary T. Petty’s supervision.
MENTIONED IN THIS ARTICLE
Benbow Arcade
Greensboro
Sulu
Syes
The
Arcade Realty Company
High Point
South Elm Street
R. R. Ragan
E. C. Hudson
Carter Dalton
W. F. Ross
Mary T. Petty
Greensboro guests visit Asheboro friends and relatives
Mrs. John M. Hammer and John Milton Hammer of Greensboro spent the weekend with friends and relatives in Asheboro. Mrs. Hammer is attending summer school in Greensboro.
MENTIONED IN THIS ARTICLE
John M. Hammer
John Milton Hammer
Greensboro
Asheboro
Western Railroad Strike Threatens Broad Action Across Carriers
Chicago July 3 The International Brotherhood of Locomotive Engineers contemplates a strike to force carriers to recognize an independent engineer grievance with six western railroads already voting. negotiations with Union Pacific Southern Pacific and Atchison Topeka and Santa Fe have paused with a possible vote looming. The dispute centers on sole representation for engineers versus the engineers firemen and enginemen brotherhoods. Chicago headquarters cites a 1927 termination clause in the 1913 joint working agreement.
MENTIONED IN THIS ARTICLE
Chicago
Western
International Brotherhood
R. E. Errington
The
Brotherhood
Missouri Pacific
Terminal Railroad Association of St
Atchison, Topeka
Santa Fe
Errington
Brotherhood of Locomotive Engineers
Engineers
Fireman's
Enginement’s
Enginemen’s Brotherhood
Engineers’ Brotherhood
Culver City Endurance Plane Flight Faced Fog
Culver City California July 3. L W Mendell and R B Reinhart took off from Culver City airport at 7 29 30 am yesterday in their biplane Angelo in an endurance attempt. They battled fog banks rolling in from the ocean and were forced to fly inland or climb to high altitudes to escape the mists as they pursued a 24 hour air stay.
MENTIONED IN THIS ARTICLE
Culver City
Calif
L. W. Mendell
R. B. Reinhart
Angelo
Active eruption drives refugees from Ambrym Island
In Sava Fiji on July 3 President Commissioner Joy of the New Hebrides Islands said Ambrym volcano has grown so active that between 390 and 4090 natives fled to Malekula, 30 miles away. Officials arranged relief for the refugees. The last major eruption occurred in 1914, nearly destroying half the island.
MENTIONED IN THIS ARTICLE
Sava
Fiji
Joy
New Hebrides Islands
Ambrym
Malekula
Wheat Prices Jump on Heat and Drought Report
Chicago July 3. High Canadian heat and drought damage reports boosted wheat values. Prices rose about 25 cents a bushel since May 31, closing strong with gains in corn and oats and mixed moves in provisions. Domestic markets show wheat at the highest point of the present advance.
MENTIONED IN THIS ARTICLE
Chicago
New York cotton opens steady amid light offerings
The New York cotton market opened steady with a 3 to 12 point decline before recovering to near previous close. Traders covered and bought on a rally with October futures rising from 18.22 to 18.26 as July held firm after a dip to 17.78. Weather reports and the holiday slowed activity while hedge selling and London liquidation affected Liverpool.
MENTIONED IN THIS ARTICLE
New York
London
Liverpool
New Orleans Cotton Opens Easier On Liverpool Cables
The New Orleans cotton market opened slightly lower as Liverpool cables fell and warm weather improved crop prospects. Early trading saw October at 18.11 and December at 18.31, down 6 to 7 points from the previous close, with a late rally as bullish weather and crop reports offered support.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Mrs Fogarty Demands Jury Trial in Breach Suit
Mrs Katherine King Fogarty of Fort Worth and New York City filed for a jury trial in Bridgeport Connecticut on a $500000 breach of promise suit against former heavyweight champion James J Tunney. Tunney denies promising to marry and accuses her of attempting to exploit their acquaintance while he has paid her over $35000 to waive claims. The case moves to the September term of the superior court.
MENTIONED IN THIS ARTICLE
Bridgeport
Conn
Katherine King Fogarty
Fort Worth
Tex
New York City
James J
Gene) Tunney
Fogarty
Tunney
Superior Court
Egg market report shows varied fresh and country grades
New York July 3 report lists egg receipts at 29 928 with fresh gathered extras around 33 31 and firsts near 32 32 percent. Grades like Henry Brown fancy to extra fancy and Pacific Coast white range from 39 to 42 percent for various quality levels.
MENTIONED IN THIS ARTICLE
New York
Henry Brown
Pacific Coast
Major Ramon Franco thanks British rescuers with aerial salute
Major Franco hailed the British carrier Eagle that rescued him and three companions from the Atlantic. Over Gibraltar he circled the Eagle and saluted as townspeople cheered. He flew a Spanish hydro-airplane borrowed from Alcazares air field after bringing uniforms and clothing to the rescued airmen.
MENTIONED IN THIS ARTICLE
Gibralfar
Ramon Franco
Carrie Eagle
Gibraltar
Major Franco
Alcazares Air Fiel
Cartagena
Majo Franco
Thezores
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