Stocks Rally After Wild Market Slump of 1929 Echoes
New York July 21. Stocks suffered a wild downward day with losses from $3 to over $12 for major issues, aided by massive pool liquidations and margin selling. By 2 55 p m the market rebounded with leaders like American Telephone and United States Steel recovering some losses as turnover neared 9 million shares.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
United States Steel Common
New York Central
New Record in June Cotton Spinning Activity
U S census bureau data show June spinning operations at 129.1 percent of capacity on a single shift, up from 112.3 in May and more than double June 1932. Key totals include 39,917,475 spindles operated, 25,540,604 active, and 9,299,175,026 spindle hours. South Carolina led states with 2,431,494,565 active spindle hours and 428 hours per spindle in place.
MENTIONED IN THIS ARTICLE
Washington
United States
Census Bureau
New England
North
South Carolina
Alabama
Georgia
Mississippi
North Carolina
Tennessee
Texas
Virginia
Suspected Bank Bandit Captured in Norfolk
Paul Edwards of Norfolk was arrested after a confrontation with 12 policemen at 359 Browning Street following a bank robbery in Battleboro North Carolina. Edwards was seized when the rear door opened and held after a stakeout by local and railroad police.
MENTIONED IN THIS ARTICLE
Norfolk
Paul Edwards
Planters Bank
Battleboro
N. C
Rocky Mount
Edwards
Browning Street
Local Committees To Run Community Program For Re-Employment Campaign
Recovery administrator Hugh S. Johnson launched a nationwide drive to urge employers to raise wages. He asked Chamber of Commerce leaders in large cities to form local committees to handle the community end of the effort. President Roosevelt observed public reaction as deputies pushed the program forward.
MENTIONED IN THIS ARTICLE
Washington
Hugh 8. Johnson
Chamber of Commerce
Johnson
Roosevelt
Drunken Driving In S C Shows Decrease for Spring Quarter
Columbia South Carolina July 21 Arrests for driving while intoxicated during the three months after beer was legalized dropped to 237 from 279 the previous year according to highway department figures compiled by A R Ward assistant chief of highway law enforcement.
MENTIONED IN THIS ARTICLE
Columbia
8. C
Highway Department
A. R. Ward
Ahoskie Elected NC Publishers President at Raleigh Convention
J Roy Parker of Ahoskie was named president of the Carolina Press association at its two day meeting in Mantoe. Cornell of Durham Herald Sun became vice president and Beatrice Cobb of Morganton News Herald was re elected secretary treasurer. The group backed a new state constitution and urged the Wright Memorial bridge to be toll free. The executive committee includes Parker Cobb Price and others from Rutherfordton Raleigh Reidsville High Point and Rocky Mount.
MENTIONED IN THIS ARTICLE
Mantoe
P— J. Roy Parker
Ahoskie
Carolina Press
Todayc
OG. Cornell
Durham Herald-Sun
Beatrice Cobb
Morganton News-Herald
B. Arp Lowrance
Mocklnburg Times
Charlotte
Parker
Council
Miss Cobb
E. Price
Rutherfordton
J. A. Park
Raleigh
Manton Oliver
Reidsville
Capus Waynick
High Point
J. L. Horne
Rocky Mount
State Highway Department
Wright Memorial Bridge
Hiden Ramsey
Asheville Citizen-Times
Horne
Rocky Mount Telegram
Rembrandt
Association
Bank Injunction Hearing Opens in North Carolina Merger Case
Monroe July 21 Arguments on a petition for a permanent injunction restraining Page Trust company of Aberdeen from joining a merger of three North Carolina banks to form the Guaranty bank began before Judge A M Stack. Creditors had secured a temporary injunction blocking the merger. hearings may occupy most of the day. The Page Trust Independence Trust of Charlotte and North Carolina Bank and Trust of Greensboro act under conservators as they seek to form Guaranty by stock purchase. an appeal to the state Supreme Court is planned after a failed superior court bid to block Independence Trust participation.
MENTIONED IN THIS ARTICLE
Monroe
Page Trust Company
Aberdeen
North Carolina
Guaranty Bank
A. M. Stack
Page Trust
Independence Trust Company
Charlotte
North Carolina Bank and Trust Company
Greensboro
Supreme Court
Mattern Awaits News From Backers After Trans Siberian Flight
At Nome Alaska on July 21 Jimmie Mattern the globe circler awaited word from New York backers on his next moves while tracking rival Wiley Post. He flew 600 miles from Anadyr Siberia in a Soviet seaplane piloted by Levanoceky arriving at 1 30 p m local time yesterday after a crash on June 14.
MENTIONED IN THIS ARTICLE
Nome
Alaska
Jimmie Mattern
New York
Wiley Post
Levanoceky
Anadyr
Siberia
Black man electrocuted at D C state penitentiary
Barnie Smith, a 21 year old Black man from Laurens county, was electrocuted at the state penitentiary in Columbia, D C, for confronting a married white woman with a child near Ware Shoals last March. He confessed before death.
MENTIONED IN THIS ARTICLE
Columbia
D. C
Barnie Smith
Laurens County
State Penitentiary
Ware Shoals
Wets hold margin in Tennessee
Nashville Tenn July 21 AP charge that the grossest possible fraud was perpetrated in Memphis and Nashville in the Eighteenth Amendment referendum. Dry campaign chairman Prot F Baggett said the vote is being carefully studied with a view to contesting the election. He claimed the wets deserved and had won but noted unre ported precincts could narrow the repealists margin when reports are complete. Early returns from 1990 of 2282 precincts showed repeal 128018 against repeal 113561 a 9452 margin against prohibition.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
Memphis
Prot F. Baggett
Tennessee
Tennessee joins repeal wave as 19th state to approve amendment
Associated Press reports Tennessee today became the nineteenth state to approve repeal of the Eighteenth Amendment. The statewide vote margin for anti prohibitionists was the smallest of the states so far, as Oregon moves toward a ballot decision on the issue.
MENTIONED IN THIS ARTICLE
Associated Press
Tennessee
Oregon
Reframing a Gasoline Tax as Charity Revenue
In Beverly Hills on July 20, an opinion suggests replacing repeal driven funds with a high charity tax. The speaker proposes a 50 percent levy directed to relief and unemployment, arguing it could be a painless tax if paired with charity.
MENTIONED IN THIS ARTICLE
Beverly Hills
Calif
Farley Says Tennessee Repeal Vote Is Close OK
Postmaster General Farley comments on the Tennessee repeal vote saying it is close but acceptable. The statement reflects ongoing reaction to the measure and its political implications.
MENTIONED IN THIS ARTICLE
Tennessee
Farley
South Carolina Market Blocked From Earlier Opening
Durham July 21 The sales committee of the Tobacco Association of the United States denied for a second time today South Carolina's request to allow its market to open before August 15.
MENTIONED IN THIS ARTICLE
Durham
the Tobacco Association of the United
Roosevelt Briefing After Potomac Cruise Indisposition
President Roosevelt held a cabinet meeting in the executive office for the first time since a minor illness after his weekend Potomac cruise. He also planned a regular press conference with newspapermen later today.
MENTIONED IN THIS ARTICLE
Washington
Cabinet
Executive Office
Potomac
Roosevelt
Colorado Governor Johnson to Call Special Session on Prohibition
Governor Johnson announced a special session of the Colorado legislature starting August 1 to vote on prohibition repeal on September 4. The action aims to decide whether to repeal prohibitions statewide.
MENTIONED IN THIS ARTICLE
Washington
Johnson
Colorado
Roosevelt names Hanna minister to Guatemala
President Roosevelt appoints Matthew E. Hanna of Ohio as minister to Guatemala. The move comes from Washington on July 21.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Matthew E. Hanna
Ohio
Guatemala
Manero Takes Early Lead In Carolinas Open Golf
Raleigh July 21 AP Tony Manero of Sedgefield Greensboro shot 73 in the second round to reach 145 after 36 holes and lead the early finishers. Clarence Owens of Greenville shot 70 but a 77 in wet conditions gave him 149 for 36 holes.
MENTIONED IN THIS ARTICLE
Raleigh
Tony Manero
Sedgefield Club
Greensboro
Clarence Owens
Greenville
Five Georgian Public Service Commissioners Ousted Today
Governor Eugene Talmadge removed five members of the Georgia Public Service Commission on charges including incompetence and sanctioning excessive utility rates. New appointees include Judd P. Wilhoit, J. B. Daniel, Tom Davis, Perry Knight, George J. Goode, with Ben Hulett named to succeed Jule W. Felton. ouster effective until a General Assembly vote.
MENTIONED IN THIS ARTICLE
Atlanta
Eugene Talmadge
Georgia Public Service Commission
Georgia
General Assembly
Georgia Power Company
Georgia Federation of Labor
Public Service
Judd P. Wilhoit
Warrenton
State Highway Board
James A. Perry
Lawrenceville
J. B. Daniel
la Grange
Walter ©. McDonald
Augusta
Tom Davis
Meigs
Perry Knight
Valdosta
George J. Goode
Carnesville
Albert J. Woodruff
Decatur
Ben Hulett
Jule W. Felton
Montezuma
Gotham Pays Homage To Italian Aviators
New York City hosted a grand reception for General Italo Balbo and 96 Italian fliers, drawing about 60,000 spectators. Mayor O'Brien praised Balbo at City Hall as confetti and ticker tape showers poured down.
MENTIONED IN THIS ARTICLE
Broadway
City Hall Park
Balbo
New York
Charles A. Lindbergh
New York City
Italo Balbo
Lower Broadway
Battery Park
City Hall
O’brien
Viva Balbo
General Balbo
O'Brien
O Connell Says No Ransom Paid In Kidnap Case
Albany dispatch reports Ed O Connell uncle of John J O Connell Jr says no ransom was paid for the kidnaped boy. He had previously refused to discuss the case with authorities or reporters but answered a series of questions today.
MENTIONED IN THIS ARTICLE
Albany
WN. Y
Ed O'Connell
John J. O'Connell
O'Connell
Upstate
British Jump Ahead as They Rout Americans in Davis Cup
At Roland Garros Stadium in Paris on July 21 1930 British Davis Cup players swept the Americans in the inter zone finals delivering two straight set victories. Fred Perry defeated Wilmer Allison 6 1 7 5 4 while Henry Bunbury Austin upset Filsworth Vines 1 0 1 6 4.
MENTIONED IN THIS ARTICLE
Auteum
France
Fred Perry
Wilmer Allison
Henry W.bunn Austin
Hesenance
Filsworth Vines
Alaskan Pilot Joins Post in Air for World Flight Refuel Stop
Wiley Post resumes his round world flight from Alaska with Joe Crosson providing a new propeller. They circled the field at 7:25 a.m. local time, Post 7:28, en route to Fairbanks for fuel before continuing toward Edmonton.
MENTIONED IN THIS ARTICLE
Flat
Alaska
Wiley Post
Joe Crosson
Post
Fairbanks
Edmonton
Alberta
New York
Post-Gatty
Gatty
Post Aims to Break Record After Resting in Alaska
Wiley Post, famed globe trotter, rested briefly at Flat Alaska airfield after repairs to the Winnie Mae. He planned to resume takeoff by 1 30 A M as crews worked toward fueling and flying revival, seeking to beat the 1931 world distance record set with Harold Gatty.
MENTIONED IN THIS ARTICLE
Harold Gatty
Alaska
Wiley Post
Fairbanks
Post
New York
Lindberghs Headed Toward Greenland
Colonel Charles A. Lindbergh and Mrs. Lindbergh depart Cartwright Labrador for Greenland on an aerial mapping expedition. Lindbergh pilots the ship with his wife as wireless operator as they seek to chart a northern Atlantic route for a future trans Atlantic air service.
MENTIONED IN THIS ARTICLE
Cartwright
Labrador
Charles A. Lindbergh
Lindbergh
Greenland
St. John’s
Newfoundland
President Roosevelt’s Re Employment Agreement Provisions
Essential points of the President’s re employment agreement set limits on child labor and hours for workers. It bans under 16 year olds from manufacturing roles, restricts work to three hours daily for others during schooling, and limits many employees to a 40 hour week with 62 hours possible for some stores. Exemptions apply to small shops, pharmacists, professionals earning over 35 dollars weekly, and some skilled or emergent workers. Minimum pay begins at 15 dollars weekly in large cities, 14.50 in mid sized ones. Continued on page eleven.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Chanical
Also Mentioned on This Page
BEST
Repeal
Bolling Field
Washington, D. C
Claude Swanson
Augusto Rosso
B. K.yount
S. C
N. C. Publishers Today
Judge Stack
Mattern
Gotham
Budget Bureau
Treasury Department
Treasury
O’connell
Lindberghs
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