Stock prices plunge as mid day selling roars through market
A broad stock market rout hits mid day with many issues dropping 2 to 12 points as selling accelerates. Bear traders blame tightening credit while month end demands and rights expirations cloud liquidity. earnings reports but price declines dominate led by Abraham & Straus and American Telephone among others.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Commission Houses
Investment Services
Grator’s
American Locomotive Company
Abraham & Straus
American Telephone
General Electric
New York Central
Westinghouse Electric
International Business Machines
St. Louis Southwestern
Allied Chemical
American Power and Light
Auburn Auto
American Can
American & Foreign Power
American International
Baltimore & Ohio
Consolidated Gas
Delaware & Hudson
International Harvester
Johns Manville
Marmon Motors
May Department Stores
Union Carbide
Texas and Pacific
Various Stocks Report Mixed Results Across Market
The list shows numerous tickers from Am Chem and Dye to Westinghouse with varied performance. Several names such as Norfolk and Western and Reynolds B rise or fall with percentages scattered, while overall totals indicate broad activity and a large Sales figure of 2,260,280.
MENTIONED IN THIS ARTICLE
Ltdm Armour A
Penn
Chrysler
Davidson Chem Jr
Liggett
M B
M Sl
Norfolk and West
Ee Ice Vie i
Pac Mills
Cvs Guee Deus
Packard
Seeueew Wee Pula
Ces Lies
eSeieese
Pongine
Eerie Eeeeaes
Reynolds B
Ceeesnee
Bonne Boc Bt
Cisncivae
Seaboard Air Line
Simmons
Promi Ekcese Avansees
Paseexs
Studebaker
Adeeb Ee
Western
Union
Bek
Willys Overland Cote Bee
Erie Ae
Wong Pee Wie
Pan Am Pets
Radio Ceeve
Sears Roebuck
Sou
Texas Corp Seus OL Ate
Westinghouse
Believe Negro Held for Assaulting Rowan Woman
Hazen Jackson alias Jimmy Kodzer, a black man, is believed jailed somewhere in North Carolina after his arrest in the assault on Mrs. Henry Camp of Salisbury. Sheriff Lyerly did not confirm the report, but Jackson was taken from the area after appearing before Mrs. Camp. Leon Dyke testified against him. Mrs. Camp, a farm wife, was attacked Saturday afternoon while tending poultry.
MENTIONED IN THIS ARTICLE
Salisbury
Hazen Jackson
Jimmy Kodzer
North Carolina
Henry Camp
Lyerly
Dairy Produce Report From New York
Butter demand steadier with receipts at 7 848 pounds while creamery price levels rise. Cheese receipts total 227 021 with irregular activity and state milk flats showing fresh to fancy prices around .22 to .24 per unit and holding at .27.
MENTIONED IN THIS ARTICLE
New York
Poultry Prices Listed For New York Markets
Daily market bulletin shows dressed poultry with fresh and frozen price ranges for chickens turkeys and fowls. Fresh fowls 29 to 35 cents per pound, frozen 27 to 34, turkeys fresh 25 to 44, frozen 30 to 46. Old roosters 20 to 26 cents.
MENTIONED IN THIS ARTICLE
New York
Notice of sale and discharge of liability for Hayworth Dairy
Mrs. John Odelia Stanley of High Point North Carolina Route 3 sells all interest in the Hayworth Dairy to Orvie Hayworth of High Point Route 3. She disclaims liability for any debts incurred by the dairy as of July 29 1929. The notice is dated July 29 1929.
MENTIONED IN THIS ARTICLE
Hayworth Dairy
High Point
N. C
Orvie Hayworth
Hayworth
John Odelia Stanley
New York Cotton Opens Steady After Early Declines
New York cotton opened easy with losses of 7 to 15 points on news of Liverpool and Lancashire mills troubles. October fell to 18.48 and January to 18.70 before steadying as buying to cover emerged, while midday December hovered near 18.79 with losses of about 11 to 15 points on the general list.
MENTIONED IN THIS ARTICLE
New York
Liverpool
London
Manchester
Lancashire
Owen High Low Close
P.C
New Orleans Cotton Opens Lower on World News and Weather
The Lancashire mill strike and Western weather pushed early cotton quotes down with Oct and Dec trading near the day’s lows. By mid session rains in Texas and rising weevil activity lifted some futures, leaving markets steady near highs before closing down 3 to 7 points. Prices at noon showed declines from Saturday’s close with ranges in January to December around 18.5 cents and officials noted demand as quiet. The piece also notes China’s large population and reliance on dry-land crops.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Texas
P.C
American seeks 10 break princess will in London inquiry
Under Consul General Halstead an American court began probate hearings into the will of Princess Hatzfeldt who died in London last December with an estimated fortune of five million dollars. Edwin Whitman Prentice of San Francisco, the princess’s nephew, contests the will claiming fraud and undue influence.
MENTIONED IN THIS ARTICLE
London
Halstead
Hatzfeldt
Edwin Whitman Prentice
San Francisco
Prentice
Indictment in Loray Mill Strike Shooting Case
Walter Lloyd and Earl Martin along with 14 others are charged with murder or conspiring to shoot O F Aderholt Gastonia chief of police. The June 7 tent colony shooting near Loray mill left Aderholt dead. Clarence Miller, a striker, was newly indicted for murder while free on bond for assault. Total accused of murder reaches 16.
MENTIONED IN THIS ARTICLE
O. F. Aderholt
Gastonia
Gilbert
Roch
Ferguson
Loray
Workers International Relief
Aderholt
Clarence Miller
Miller
Mumber
New York Egg Prices Steady as Receipts Rise
Market report from New York on July 29 shows eggs steady with receipts of 11,887. Fresh gathered extra eggs trade near .385 to .36 per dozen with various grades and regional quotes including nearby henhouse white and Pacific coast white fractions.
MENTIONED IN THIS ARTICLE
New York
Hennery Brown
Pacific Coast
Arctic tern migratory champion nests near Pole
The Arctic tern is described as the world’s champion migrant. It nests as far north as seven and one half degrees from the North Pole and, by late August when the young are grown, they reach the Antarctic continent about 11 000 miles away.
MENTIONED IN THIS ARTICLE
North Pole
Antarctic
Jury Receives Caution Amid Loray Case Conspiracy Focus
The court charged the grand jury on conspiracy charges in the Loray tent colony shooting cases. Judge Barnhill stressed equal justice and warned against bias, noting the session would hear cases from the solicitor and focus on whether defendants are guilty.
MENTIONED IN THIS ARTICLE
Barnhill
Loray Tent Colony
Mount City Man Says He Has Not Shaved Since Lincoln Was Shot
John Q. Trimmer of Mount City Missouri declares he is an enemy of the barber and has not shaved since the day President Lincoln was shot.
MENTIONED IN THIS ARTICLE
John Q. Trimmer
Mount City
Lincoln
Jury delays in Snook case and sugar tariff debate
In Columbus Ohio the trial of James H. Snook for the murder of Theora Hix stalls as jurors deliberate amid peremptory challenges. In Tacoma Washington Lieutenant Harold Bromley heads to rebuild a monoplane after a non stop Tokyo attempt ends in a crash. In Washington Senator Simmons opposes a sliding scale sugar tariff, arguing it taxes Americans to enrich sugar producers, with Smoot backing the scale as a tariff substitute.
MENTIONED IN THIS ARTICLE
Columbus
James H. Snook
Ohio State University
Theora K. Hix
Bromley
Simmons
Snook
Tokyo
Columbus, CO
Theora Hix
Donald O. Post
Post
Ohio State
Franklin County Jury Commission
Tacoma
Wash
Harold Bromley
Burbank
Calif
Smoot
Utah
Finance Committee
North Carolina
United States
Cuba
U S Might Yet Build Ten Cruisers Amid Naval Talks
American experts expect London talks to keep at least ten of the 19 000 ton cruisers in the program. The plan envisions ten 19 000 ton ships, plus ten 10 000 ton vessels and about nineteen second line ships, with some perhaps sold or disposed of.
MENTIONED IN THIS ARTICLE
Washington
London
United States
Great Britain
Hoover
Navy Department
Outbreak at Sing Sing Prison Sparks Firefight and Guard Response
A prison riot at Sing Sing erupted at 1 15 p m as convicts seized Osborne keys, grabbed rifles and four sub machine guns, and opened fire on guards along the wall. Troops and police were deployed while fires damaged shops and power lines, ending with two inmates injured and the facility housed at 1 722 inmates.
MENTIONED IN THIS ARTICLE
Clinton
Sing Sing
Hudson River
Merle Osborne
Osborne
Milton Ryther
Ryther
Edgar
Jennings
New York National Guard
Raymond F. C. Keith
State Commissioner of Correction
Alfred E. Smith
Daughter of Berger At Bedside After Long Trip
Mrs. Jan Edleman, daughter of Victor L. Berger, reached her father’s bedside in Milwaukee after a hurried trip from England. Berger, former Socialist congressman and leader of the Milwaukee Leader, has shown improved condition after a street car accident on July 16. Dr. A J. Patek said Berger made satisfactory progress in the last 24 hours as fever subsided.
MENTIONED IN THIS ARTICLE
Milwaukee
Wis
Jan Edleman
Victor L. Berger
England
Berger
The
Milwaukee Leader
Sanford Man Held for Fatal Automobile Crash
Sanford North Carolina July 29 A A Wagner of Sanford is held pending investigation of an automobile crash yesterday that killed Paul Byerly 29 of Cumnock. Wagner's car collided with Byerly’s three miles west of Sanford. Carlos McLeod and J W Freeman passengers with Wagner were slightly injured.
MENTIONED IN THIS ARTICLE
Sanford
N. C
A. A. Wagner
Paul Byerly
Cumnock
Wagner
Byerly
Here
Carlos McLeod
J. W Freeman
Alaska Shrimp Exports Reach 5400 Pounds Annually
Alaska now ships about 5400 pounds of shrimp per year valued at roughly $200,900 as the state expands its seafood export program.
MENTIONED IN THIS ARTICLE
Alaska
Infirmities and letters from the endurance crew
A note from the field objections to papers about lights at night and sleeping on cots during endurance duty. The crew mocks reporters for claiming bucking headwinds and recalls Lambert Field hardships. Pa Jackson returns to his Fairbault farm to oversee affairs and plans to return Friday.
MENTIONED IN THIS ARTICLE
Lambert Field
Jackson
Henry
Fairbault
Minn
Dawes and Gibson Press on Naval Reduction Talks
Ambassadors Dawes and Hugh S. Gibson continued discussions on naval reduction in London and planned to meet Prime Minister Ramsay MacDonald to review the subject in detail. The talks align with prior conferences as the disarmament issue dominates diplomacy.
MENTIONED IN THIS ARTICLE
London
Dawes
Hugh S. Gibson
Brussels
Ramsay MacDonald
Distillery Seized in Asheville Residence
A complete rye whiskey distillery capable of producing ten gallons daily was found sealed with bogus revenue stamps and seized by the sheriff’s department. Three men were arrested after the still was uncovered yesterday afternoon at 166 Chatham Road in a residential section of Asheville.
MENTIONED IN THIS ARTICLE
Asheville
UPI
Sheriff's Department
Chatham Road
Unidentified man found on railroad tracks near Bessemer City
Authorities seek identification of a dead black man found on the tracks from Bessemer City to Kings Mountain. A note addressed to Pearl Brown of Lawndale was in his pocket. he likely fell from a freight car and was killed by impact.
MENTIONED IN THIS ARTICLE
Bessemer City
WN. C
Kings Mountain
Pearl Brown
Lawndale
Arsenic Poisoning Mystery Rites Mourn Vera Sidney Death
A coroner's jury returned a verdict of murder by arsenic administered by unknown persons at the conclusion of a long inquest into the death of Vera Sidney, one of three in a family link to England's great poisoning mystery.
MENTIONED IN THIS ARTICLE
London
Vera Sidney
England
Grains Jump on Drought Pressure in Chicago Trade
Chicago July 29 Wheat, corn and oats surged amid drought and heat raising prices. Wheat finished unchanged to 2% lower from Saturday, while corn added 4 to 2 3/4 cents and oats rose. Provisions were steady to about 12 cents lower.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool cotton prices edge lower on steady futures
Liverpool July 29 reports spot cotton prices down with American strict seed middling at 11.21 and good middling 10.81 while several grades slide. Sales reach 2,000 bales including 1,200 American. receipts 3,000 with no American. Futures close quiet and steady with July at 10.00 and later contracts near 9.85 to 9.93.
MENTIONED IN THIS ARTICLE
Liverpool
Chicago live stock market report July 29
Hogs receipts 52,900 with prices 15 to 250 lower than Friday. Top 12.10. bulk 1506-220 lbs 11.75-12.05. sows 9.50-10.25. butchers 10.65-11.60 for 250-300 lb and 130-160 lb 11.25-12.10. Cattle receipts 20,000 with calves 3,000. killing classes weak to uneven, top early 16.15. steers 130-1500 lb 14.00-16.75. 50-1100 lb 13.25-16.60. yearlings 13.25-16.00. heifers 13.00-15.25. cows 8.50-12.00. bulls 9.75-11.75. vealers 14.90-16.50. stockers and feeders 11.75-13.50.
MENTIONED IN THIS ARTICLE
Chicago
Apusda
Typhus Fatalities Reported Among Foreign Missionaries
Reports from Kansu to the International Famine Relief Committee state that 13 foreign missionaries and priests died of typhus fever in the last two months. Names were not released.
MENTIONED IN THIS ARTICLE
Peiping
Kansu
International Famine Relief
Trial of Prof. Tuka Opens in Bratislava
The high treason trial of Prof. Tuka, noted anti Czech leader, opened in Bratislava amid wide public interest. Proceedings begin as authorities pursue charges of treason against the prominent figure.
MENTIONED IN THIS ARTICLE
Bratislava
Czecho-Slovakia
Tuka
Also Mentioned on This Page
Rowan
Southern Railway System
Richmond
Atlanta
Washington-Atla
Information and Reservations Call
Will Arigh
H. D. Saunders
High Point, N
China
North China
Princess’ Will
Aid
Walter Lloyd
Earl Martin
Central Committee of Red Relief of
Germany
Carpenter
Arthur M. Dixon
Cotton Manufacturers Association of America
W. F. Baltis
Geo. Tucker
Geo. B. Crocker
Senate Finance Committee
U. S
America’s
Siberia
America
Dannemore
N. Y
Charles Brunner
Lude Shackelford
Herman Reese
Dawes and
Gibson
Chicago Grain
Chicago Livestock
New York, N. Y
Atlantic City
N. J
Chicago, Ill
Detroit, Mich
Cleveland, Ohio
Toledo, Ohio
Palephone
HM. D. Saunders
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