Western Union Center in Richmond Boosts Telegram Speed
High Point announces a new Western Union center in Richmond Virginia enabling faster telegram routing to all U S destinations. An electrical brain system verifies accuracy and a book adapter speeds same text to multiple addresses. The Richmond hub links with North Carolina and Virginia circuits via 6000 carrier miles while new features flash error alerts for corrections.
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High Point
Western Union
Richmond
W. D. Armstrong
North Carolina
Virginia
Sach
United States
Detroit
Mich
Andress
Ricmond Center
Bond Market Steady Despite Reserve Cut Signals
The bond market brushed off the Federal Reserve Board’s week‑long reserve reduction plan as banks face a 1% billion dollar reserve draw over six weeks. Tobacco and oil related bonds showed mixed to negative moves while government issues held steady and utilities saw limited gains amid grant activity and anticipated Treasury financing.
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Arthur Merims
New York
Federal Reserve Board
Federal Reserve
Wall
Treasury
Humphrey
Congress
Victory Loan
Warren Petroleum
Union Oil
New Haven
Stock Market Gains Through Week Amid Diplomatic Turbulence
New York the stock market rose modestly for the week as the Associated Press average closed at 127.30 level, signaling repeat highs since 1929. Traders watched events in Guatemala and Korea calm, while a reserve requirement cut boosted lending potential. Packard Studebaker merger stirred motor shares and tobacco stocks remained pressured by a cancer study. five top issues included Packard and General Electric with notable moves.
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Rader Winget
New York
Associated Press
Guatemala
U. S
Federal Reserve System
Motors
Packard
Studebaker
American Cancer Society
New York Stock Exchange
General Electric
Radio Corp
Reynolds Tobacco
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