Market reaction as money rate climbs to ten percent
The stock market reversed its gains as the call money rate rose from 9 to 10 percent amid heavy selling in motor, copper, steel and utility shares while rails showed resilience. June foreign trade rose, earnings reports improved, and keys like American Telephone and General Electric slipped under pressure.
MENTIONED IN THIS ARTICLE
New York
Cail
Federal Reserve Bank
Western Union
Kresge
Detroit Edison
Allegheny Corporation
American
Anaconda
Kennecott
Miami
Andes
Motor Group
Chrysler
Packard
Mack Trucks
Auburn
American Telephone
International Telephone
General Electric
Montgomery-Ward
Westinghouse Electric
Union Carbide
Columbia Graphophone
Standard Gas and Electric
Canadian Pacific
Delaware and Hudson
Sugar prices steady in New York market
In Sugar, New York, on July 15 raw sugar held firm with bids at 3.86 and refined withdrawals on old contracts at fair proportions. Prices remained unchanged at 5.25 for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Ju&1
High Point Approves City Bonds for Street Improvements
The High Point City Council authorizes bonds up to 1.2 million dollars under the Municipal Finance Act of 1921 to fund street improvements including brick, asphalt, and other surfaces with related curb and drainage work. A tax will be levied annually to pay principal and interest, and the ordinance excludes voter submission. The notice notes publication dates in July 1929 and a 30 day challenge period.
MENTIONED IN THIS ARTICLE
High Point
North Carolina
High- Point
Delaware Maryland line wedding tied by cross state ceremony
At St. Johns M E Church in Seaford Delaware a double wedding required a unique solution. Rev E L Windsor swapped between states to marry James Wright Dorothy Dix G W Dykes and Phirley C Brown. He parked at the line and performed the ceremony with couples on each side, one foot in Delaware and one in Maryland.
MENTIONED IN THIS ARTICLE
Seaford
Del
James Wright
Dorothy Dix
G. W. Dykes
Phirley C. Brown
St. John’s M. E. Church
Rev. E. L. Windsor
Delaware
Maryland
Rev. Windsor
State Line
Salad dressing gains piquancy with novel add-ins
A note on enhancing a longtime salad dressing with shredded onion or chutney, chili sauce, sour cream, or horseradish to introduce fresh flavor and novelty.
Miss Anna Braune Wins Scholarship in Fine Arts Study
Miss Anna Braune daughter of G M Braune Dean of the University of Engineering School has won a $500 yearly two year scholarship for study at the New York School of Fine and Applied Art and an art school in Paris. A Nashville Tennessee jury selected her as North Carolina’s top entrant and she will report to New York in September.
MENTIONED IN THIS ARTICLE
Chapel Hill
Anna Braune
G. M. Braune
University of Engineering School
New York School of Fine and Applied Art
Paris
Braune
Nashville
Tenn
North Carolina
J. C. Bradford
Nashville Museum of Art
Miss Braune
Mary Graves Rees
Cincinnati School of Art
New York Cotton Opens Lower on Weekend Weather Reports
New York July 15 cotton prices slide as favorable south weather and easy Liverpool cables spark selling. Active months fall 8 to 16 points with October at 18.96 and January at 18.31. late morning trading shows some cover and trade buying but market remains unsettled near session lows.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Manchester
Géelling
Hhig Low
P. C
Industrial Commission Leases Raleigh Bank Building Space
North Carolina leases nearly all of the top floor of the new Raleigh Banking and Trust building for the Industrial Commission quarters. The rent is $500 per month and the building is due to be completed early in the fall. The Commission oversees the Workmen's Compensation Act administration in the state.
MENTIONED IN THIS ARTICLE
Raleigh
Regent Theater Installs World’s Third Largest Organ
In Melbourne the Regent theater unveils the world’s third largest organ. The project cost exceeds $160,000 and offers 1799 note combinations. It can imitate an orchestra of 100 pieces and recreate individual instruments.
MENTIONED IN THIS ARTICLE
Melbourne
Australia
Regent Theater
New Orleans Cotton Market Opens Lower on Liverpool Cables
The New Orleans cotton market opened lower due to poor Liverpool cables and good weather in the cotton belt amid Manchester strike fears. October and December futures slid to mid-session lows before rebounding slightly, closing easier with declines of 28 to 31 points. The air line between Miami and Bellledino cuts mail service to six days.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Manchester
P. C
Foxx Stays Top AL Hit Leader By Narrow Margin
Chicago July 15 Jimmy Foxx of Connie Mack's Philadelphia Athletics retained the American League batting lead by a single point over Heinie Manush of St. Louis with an unofficial average of .396 after a rough week including a drop in team figures. Manush moved to .393 while other leaders and team marks are listed with Detroit and Cleveland strong in double plays and runs scored.
MENTIONED IN THIS ARTICLE
Chicago
Jimmy Foxx
Connie Mack
Philadelphia Athletics
Heinie Manush
St. Louis
Foxx
Lena Blackburner
Chicago White Sox
Athletics
Ladmark
Manush
Fothergill
Detroit
Miller
Philadelphia
Simmons
Lazzeri
New York
Cochrane
Heilmann
Folk Cleveland
Fonseca
Cleveland
Tigers
A’s
Bob Grove
George Blackholder
St. Lois
Rube Walberg
Grove
Gehrig
Gehringer
Cissell
New Torick
Hoover Farm Board forms to aid agriculture push
Eight of nine members selected by President Hoover assemble at the White House to begin work on farm relief. Chairman Alexander Legge leads the group to the Mayflower hotel as Secretary Hyde notes wheat prices rising to 1.35 a bushel amid surpluses and the board plans advisory councils and cooperative stabilization measures.
MENTIONED IN THIS ARTICLE
Mr. Hoover
White House
Alexander Legge
Chicago
Mayflower Hotel
Mayflower
Legge
Hyde
Liverpool
Agriculture Department
James C. Stone
Lexington
Carl Williams
Oklahoma City
Ton
C. B. Denman
Farmington
Charles C. Teague
Los Angeles
William F. Schilling
Northfield
Minn
Charles S. Wilson
Hall
N. Y
Northeast
Hoover
Major derby ends with derailed flight near Azores
Polish aviators Idzikowski and Kubala faced a hurricane and engine trouble while crossing toward Europe. They sought a landing field at Horta but found none suitable in the Fayal archipelago and were redirected to Brazilera on Gracioso Island as communications broke down.
MENTIONED IN THIS ARTICLE
Fisland
Brazileira
Kubala
Idzikowski
Debrig
Graciosa
Coste
Horta
Fayval
Fayal
Brazilera
Gracioso Island
Federal Farm Board opens with Hoover address on wheat
Washington July 15 AP The new federal farm board met for the first time to tackle the wheat market and outline Hoover administration goals. Alexander H Legge, former president of the International Nickel Company, was among the notable figures present as members began meeting and exchanging views.
MENTIONED IN THIS ARTICLE
Tonal Harvester Company
Baltimore
Maryland
Richard L. Turner
Associated Press
Washington
Federal Farm Board
Hoover
Alexander H. Legge
The
Interna
Drought drives U.S. grain prices with Canada heat surge
Wheat futures soared as drought and heat in Canada pushed prices up about 9 cents a bushel, lifting corn and oats while keeping provisions steady. Trading closed with broad gains across grains as fears of crop damage persisted in mid-July.
MENTIONED IN THIS ARTICLE
Chicago
Canada
Chicago Livestock Rates Tue July 15 Market Report
Chicago livestock receipts total 62 000 hogs and 17 000 cattle with butchers medium to heavy weights firm or higher. Hogs top 12.50 for 180-206 lb and 10.75 to 12.40 for lighter ranges. sows 9.99 to 10.90. vealers 14.00 to 17.00. Cattle include top 16.50 for heavy weight steers. yearlings 13.00 to 16.00. cows 8.75 to 12.00. calves 14.00 to 17.00. Sheep receipts 15 000 with natives mostly 14.25 to 14.50. ewes 5.50 to 6.75.
MENTIONED IN THIS ARTICLE
Chicago Livestock
Chicago
Frats Rush New Homes at University Campus
Three fraternities Phi Delta Theta Pi Kappa Phi and Beta Theta Pi are racing to complete brick houses in the new fraternity court on Pittsboro Road and Columbia Street. The three structures cost about 49 dollars each and are expected to be ready for the fall quarter reopening.
MENTIONED IN THIS ARTICLE
Chapil Hill
Univesity
Th University
Phi Delta
Pi Kapp Phi
The
University
Pittsboro Road
Beta Theta Pi
Columbia Street
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Cme
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Seaboard Air Line
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Industrial Commission
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Peru
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Unio
Centr Executive Committee
Soviet Union
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Derby
Azores
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China
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