Stocks Rally as Bears Step Aside in Broad Market Lift
Stocks rose as bears faltered and utilities led the rally. Pools bought broadly sending many issues 2 to 7 points with several favorites up 19 to 26. Bellwethers like People’s Gas and Pacific Telephone hit new highs as investment trust rumors fueled optimism.
MENTIONED IN THIS ARTICLE
Associated Press Financial
New York
Federal Reserve
United State Steel Corporation
Wall Street
International Business Machines
General Asphalt
Frank G. Shattuck & Co
Scraffts
Banc-American Blair Corporation
Peoples Gas
Pacific Telephone
Standard Gas and Electric
American and Foreign Power
Western Union
Abitibi Power
Pacific Coast
Public Service of New Jersey
American Power & Light
Wheat Slide As Overbought Conditions Dominate Markets
New York stocks friction sparked a broad sell off in Chicago trading with wheat dropping about 4 percent from the prior session. Crop reports from drought areas near the Canadian line weighed on sentiment though the effect faded. World wheat visible supply rose by 8,161,000 bushels to 280,345,000 for the week while prices ended unsettled. Corn fell 2 1/3 to 3 1/3 cents, oats down fractions, and provisions steady to slightly weaker.
MENTIONED IN THIS ARTICLE
Chicago
New Orleans Cars Run But Union Unrecognized
New Orleans at the end of the fourth week of the streetcar strike resumed night service under heavy guard. The city commission and council moved toward a compromise while the Carmen's Union remained unrecognized. Federal court protections limited demonstrations and allowed Canal and Tulane belt line operation last night without disorder.
MENTIONED IN THIS ARTICLE
New Orleans
City Commission Council
Public Service
Canal
Tuline
Not Terry B Welborn Clarifies Municipal Court Case
Terry B. Welborn of Archdale was not the Terry Welborn convicted in municipal court yesterday morning, clarifying a mistaken identity in the court record.
MENTIONED IN THIS ARTICLE
Terry B. Welborn
Archdale
Terry Welborn
Forestry Association Head Urges Action to Prevent Fire
George D. Pratt president of the American Forestry Association warned the nation is facing the most critical forest fire threat in years. He urged action by government state and private agencies as current prevention measures are hopelessly inadequate. Fires in Modoc National Forest California have consumed over 50 million board feet of lumber and more than 8000 acres burned. other fires burn in Minnesota and Wisconsin.
MENTIONED IN THIS ARTICLE
Washington
George D. Pratt
American Forestry Association
Minnesota
Wisconsin
Sugar prices steady in New York market
Raw sugar in New York was quiet and prices held firm at 5.89 delivered for Cuban and duly free sugar. No sales were reported. Refiners quoted 5.50 for fine granulated with second hands around 5.20.
MENTIONED IN THIS ARTICLE
New York
Charters Granted in North Carolina List of New Corporations
Raleigh July 30 new certificates of incorporation include Durham Real Estate Co Durham real estate authorized capital 100000 subscribed 300 by J O Lunsford T N Gorman and L Proctor Durham Raleigh Golf Association Inc Raleigh to establish club houses authorized capital 99925 subscribed stock four shares by A J Maxwell Carl C Taylor S Robert Horton and others Asheville Concrete Products Co Asheville to deal in concrete authorized capital 190000 subscribed 3000 by Mark Reid Jr Reed Kitchin and Jan McGahey Albemarle Hospital Inc Elizabeth City to maintain a hospital held by W O Saunders A B Houtz G F Hill and others Greensboro Bowling Alleys Inc Greensboro operate a public alley authorized capital 500000 etc subscribed stock 500 preferred and five shares common by C C Hudson C Chester Caywood Harry M Crandall and others of Washington DC
MENTIONED IN THIS ARTICLE
Raleigh
N. C
Durham Real Estate Company
Durham
J. O. Lunsford
T. N. Gorman
L. Proctor
Raleigh Golf Association, Inc
A. J. Maxwell
Carl C. Taylor
S. Robert Horton
Asheville Concrete Products Company
Asheville
Mark Reid, Jr
Reed Kitchin
Jan McGahey
Albemarle Hospital, Inc
Elizabeth City
W. O. Saunders
A. B. Houtz
G. F. Hill
Greensboro Bowling Alleys, Inc
Greensboro
C. C. Hudson
C. Chester Caywood
Harry M. Crandall
Washington, D. C
Society Notes on Asheville Guest in High Point Visit
Miss Sarah Orr of Asheville will arrive in High Point tonight to stay with Miss Alice Elizabeth Freeze on Lindsay Street. Friends of Miss Elsie Chasson are pleased she is still improving after an appendicitis operation at Guilford General hospital.
MENTIONED IN THIS ARTICLE
Sarah Orr
Asheville
High Point
Alice Elizabeth Freeze
Lindsay Street
Elsie Chasson
Guilford General Hospital
Lindbergh Resumes Air Trip to New York
Col. Charles A. Lindbergh and his wife departed Kansas City early today for an unscheduled flight to New York. He said he would stop where he wished and did not know his next halt or arrival date, arriving here from Santa Fe, New Mexico.
MENTIONED IN THIS ARTICLE
Kansas City
Charles A. Lindbergh
New York
Turtle Islands sovereignty dispute settled with New Orleans draft
The Turtle Islands sovereignty and southern boundary dispute between the United States and Britain is being drafted into a state department treaty. The arrangement acknowledges American sovereignty while administration shifts to Britain, involving a seven-island group near British Borneo and a lighthouse site at Taganac. The talks follow a brief commission process with Major General Frank McIntyre as U.S. lead and Sir Esme Howard for Britain.
MENTIONED IN THIS ARTICLE
Washington
Turtle Islands
Philippines
State Department
British Borneo
Philippine Archipelago
United States
Spain
Great Britain
Esme Howard
F. W. Fraser
Frank McIntyre
McIntyre
John K. Caldwell
Far Eastern Division
Jacob A. Metzger
Solicitor’s Office
Department
Taganac
Sandakan
Roaan
Lihiman
Langaan
Bakkungaan
Little Bakkungaan
Baguan
Borneo
Cotton market opens firm on bullish crop news and rain delay
New York July cotton opens firm with gains as private crop reports warn of boll weevil and boll worm damage in Texas and western belts. Prices lift to around 19.12 for October before easing and fluctuating, with midday levels about 20 to 24 points higher.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Texas
Cotton futures rise on short covering and crop warn
Cotton futures opened firmer as shorts covered and buyers pushed prices higher in an oversold market. A private forecast of rapid August crop deterioration helped lift October to 18.91, December 19.10, January 19.12, then later peaks near 19.15, before mid session profit taking pulled back.
MENTIONED IN THIS ARTICLE
New Orleans
Shorts
Turpentine Market Report From Savannah July 30
Turpentine firm shows 46 percent sales with 1124 receipts 1997 shipments 446 and stock 21031. Resin firms report sale 2028 receipts 6706 shipments and stock 89019 with BSR noted.
MENTIONED IN THIS ARTICLE
Savannah
Also Mentioned on This Page
Stanley W. Prenosil
Ettry
Chicago Grain
Armour
Armour B
Baldwin
Ohio
Erie
Klee
L’vill and
Nash One
Monty Ward Ee
Nash
NY Cent
NH & H
Norfolk and West O
Pac Mills One Packard Ee Ae
Pan Am Pet
Phillip Morris Ae
Pullman 'Ee
Radio Eee Eee
Rem Rand
Reynolds
Schulte
Studebaker
Texas Corp
Rob Prod
Vick Chem
Willys Overland
Westinghouse
Huntington
W. Va
Ida Perry
Charleston Avenue
Thedford
Eee
Forestry Association
Lindbergh
Turtle Islands Farm Board
Charles P. Williamson
Associated Press
Institute
Baton Rouge
Federal Farm Board
American Institute of Co-operation
Carl Williams
Oklahoma City
American Cotton Growers’ Department
Hyde
Department of Agriculture
Hoover Administration
Co-Operative Organization of Agriculture
Treasury
Arthur Nutt
Jackson
Nutt
Parts of
Gorry
Red
Sally
Lambert
O’brine
George Lea Lambert
von Hoffman Aircraft Corporation
Endurance
Albert Bond Lambert
Eddie V. Rickenbacker
Air Service
Air
Wassall
St. Louis
William B. Robertson
Robertson
R.c.penney
High Point, N. C
Pedans
America
Dethol
Dethol Mfg. Co., Inc
Richmond
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