Stock Market Slumps Widely As Losses Mount Across Sectors
In New York on October 1, a broad stock decline deepened with utilities and high priced industrials leading the rout. Many issues fell 3 to 40 points as margin traders sold at market while call money rose to 10 percent amid month end liquidity drains.
MENTIONED IN THIS ARTICLE
Stanley W. Prenosil
Associated Press
New York
Federal Reserve System
Federal Reserve
Morgan
U. S. Steel Common
Johns Manville
New York Central
Atchison
J. I. Case
Auburn Auto
Standard Gas & Electric
American & Foreign Power
American Power & Light
Jersey Central
Atlas Powder
A. M. Byers
United Carbon
American Machine & Foundry
International Combustion
Marmon Motorga
New York Stocks Mixed Amid Shifts in Major Firms
Reading shows varied activity across blue chips and industrials with notable moves in AT&T, Philip Morris, Union Carbide, and Texaco while several rail and chemical stocks dip or rise. Investors monitor Fletcher fund flows and trading volumes as markets fluctuate throughout the session.
Crop yields fall below ten year average due to drought
Washington October 1. The Agriculture Department reports the total crop yield this year will likely be about six percent below the ten year average because of a severe drought through the summer. The report notes ongoing Pacific Northwest difficulties, reduced land readiness for winter wheat, and declines in vegetable crops and fruit shipments. Potatoes around 50 million bushels. August September carlot shipments 15 percent below last year. apples forecast 29.5 million barrels lower than last year with prices about 50 percent higher.
MENTIONED IN THIS ARTICLE
Department of Agriculture
Pacific Northwest
Detective Morrison Slain Near Havre de Grace Race Track
Pinkerton detective A. A. Morrison of New York was shot dead on a dark Havre de Grace street after a purchase near the corner drug store. Investigators recovered a discarded pistol and seek a lone assailant. two witnesses later described a man seen fleeing the scene.
MENTIONED IN THIS ARTICLE
Havre DE Grace
A. A. Morrison
New York
Pinkerton
Morrison
Alleged Deficit Found in Cumberland County Accounts
Cumberland County commissioners announced a 317644.77 deficit in the accounts of former treasurer David Gaster covering March 1907 to December 3 1928 after an audit report. The county attorney was instructed to notify Gaster. auditors say most deficits are untraceable notes. Gaster, defeated in the November election, said records were with auditors for nine months and he could not comment.
MENTIONED IN THIS ARTICLE
Fayetteville
David Gaster
Cumberland County
Gaster
Notice of Sale of Real Estate Under Deed of Trust
Trustees John A. Cutchins and J Allen Austin announce sale of High Point property under a 1927 deed of trust to secure 2600 dollars to Prudential. The sale at Greensboro Court House at 2 pm on October 31 1929 will be to the highest bidder for cash with a prior lien from Myrtle C Lowe and N C Lowe to Commercial National Bank. Property is Lot 9 Block Snow Park plat recorded in Guilford County. The notice is dated September 33 1929 and lists auction by Austin Turner.
MENTIONED IN THIS ARTICLE
State of
North Carolina
Guilford
John A. Cutchins
Richmond
Virginia
J. Allen Austin
Guilford County
C. C. Jackson
Emma C. Jackson
Office of the Register of Deeds
Myrtle C. Lowe
N. C. Lowe
Commercial
High Point
Park Street
Granby Street
Black
Bynum Street
Towler
Snow Park
The
People Realty Company
Julilford County
N. C
New Orleans Cotton Opens Firm as Rain Delays Belt Trade
The New Orleans cotton market opened firm with gains in early trades as Liverpool showed strength and heavy rains in the eastern belt tempered advances. December rose to 18.70, January to 18.80, March to 19.04, with overall first hour gains of 17 to 18 points before drifting back.
MENTIONED IN THIS ARTICLE
New York
Trade and Commission
Liverpool
Liverpool Cables
Continental
Bombay
P. C
New Orleans
Georgia
Atlantic
P.C
Butter and Eggs Market Report
Butter and eggs in New York trade show firm prices amid steady receipts. Pacific coast white butter strengthens with higher creamery values and mixed color quality. cheese market remains firm with sizable receipts.
MENTIONED IN THIS ARTICLE
New York
Pacific Coast
Raw Sugar Quiet in New York Market
The raw sugar market in New York was quiet and unchanged early today. No sales were reported as refiners showed interest at 4.02 duty paid but offered nothing firm below 4.11.
MENTIONED IN THIS ARTICLE
New York
Stock market slides again with widespread big losses
New York October 1 The stock market suffered another drastic decline as more than a score of issues tumbled ten dollars a share with many down eight dollars or more. A brisk rally emerged in the early afternoon.
MENTIONED IN THIS ARTICLE
New York
South stadium poised for record football crowd
The stadium could host the largest audience ever to attend a football game in the region if filled.
Market rebounds and gains amid late-day rally on NYSE
The stock market reversed a heavy liquidation wave, with many leading issues bouncing $5 to $10 from their lows. Losses were largely erased as several important stocks closed higher after a swift late rally on the New York Stock Exchange.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Winston-Salem Market Opens 1929-30 Season
Winston-Salem tobacco market opened the 1929 30 season with eight warehouses filled. By noon warehousemen said sales probably would be blocked as prices were reported to be better than on the opening day last year.
MENTIONED IN THIS ARTICLE
Winston-Salem
Foreign exchange rates shown for various nations and regions
New York October 1 fixed the foreign exchange quotations with Great Britain at 4.8514 in demand and 4.863 in cables. Other nations listed include France 3.92, Italy 5.231, Belgium 13.92, Germany 23.81, Holland 40.174, Norway 26.68, Sweden 26.81, Denmark 26.68, Switzerland 19.30, Spain 14.84, Greece 1.29, Poland 11.20, Czecho-Slovakia 2.90, Yugoslavia 1.76, Austria 14.05, Argentina 42.00, Brazil 11.87, Tokyo 47.79, Shanghai 55.47, and Montreal 98.93 percent.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugo-Slavia
Austria
Argentine
Brazil
Tokyo
Shanghai
Montreal
Cotton seed oil prices quoted in New Orleans market
In New Orleans on October 1 the cotton seed oil market closed steady with prime summer yellow at 15 dollars and prime crude at 750 with 62 percent. Futures listed for January at 882, February 850, March 863, April 865, May 875, October 825, November 830, and December 945.
MENTIONED IN THIS ARTICLE
New Orleans
Chicago Wheat and Grains Finish Lower Across Board
Chicago grain markets closed with wheat down 1% to 1 7/ a bushel from the prior session. Corn, oats, and provisions also showed declines or gains within narrow ranges as traders digested demand and supply signals.
MENTIONED IN THIS ARTICLE
Chicago
Cottonseed Oil Prices Steady on New York Market
New York cottonseed oil closed steady with prime summer yellow at 925 and crude at 754. Futures traded: January 944, February 945, March 955, April 930, May 970, October 920, November 930, December 940. Sales volume reported at 13,209.
MENTIONED IN THIS ARTICLE
New York
Cotton price outlook debated by Senate panel
Washington. The Senate Agricultural Committee heard Federal Farm Board data on cotton prices, with Carl Williams of Oklahoma arguing current supply demand supports 1 to 1.25 cents above present levels. Senator Smith counters with 22 1 2 cents average since 1920 and notes a million extra bales in world consumption vs U S production, calling projections for revival years a farce.
MENTIONED IN THIS ARTICLE
Washington
Carl Williams
Oklahoma
Senate Agricultural Committee
Federal Farm Board
Smith
South Carolina
Agriculture Department
Williams
Caraway
Bellas Hess Store Sees Front Remodel Underway
The National Bellas Hess Company on South Main street is remodeling the front of its building. Goode Construction of Charlotte handles the project with Herbert B. Hunter as architect. A new plate glass front of metropolitan design will be installed. Interior remodeling is delayed until next year due to fall timing and prior delays.
MENTIONED IN THIS ARTICLE
National Bellas Hess Company
South Main Street
The
Goode Construction Company
Charlotte
Herbert B. Hunter
Last Rites Held for Elder C A Davis
Funeral services for Elder C A Davis a Primitive Baptist minister of 25 years died Sunday night at his son's home were held at Abbotts Creek Baptist church at 11 o clock. Officiating were Elder H S Williams and Elder J A Fagg. Burial followed in the church cemetery. Pallbearers listed include Clay Hayworth Daniel Hayworth Charlie Spurgeon A M Payne John Perry Tom Greer J M Taylor and Mr Lanier.
MENTIONED IN THIS ARTICLE
C. A. Davis
Primitive Baptist Church
Abbotts Creek Baptist Church
H. S. Williams
J. A. Fagg
Winston-Salem
Clay Hayworth
Daniel Hayworth
Charlie Spurgeon
A. M. Payne
John Perry
Tom Greer
J. M. Taylor
Mr. Lanier
Cotton futures open steady in New Orleans
New Orleans cotton market opened with futures steady across the board. January 18.75, March 18.98, May 19.14, July 19.12, October 18.51, and December 158.63 observed in early trading.
MENTIONED IN THIS ARTICLE
New Orleans
Russian Ballet Filmed in England
The Russian Ballet is being filmed in England according to regional reports. Production is underway with studios and locations not fully disclosed.
MENTIONED IN THIS ARTICLE
The
England
Broker Dies After Stock Losses Reach 124000
W. J. Keyes, vice president of the Charles Freshman company, leaped from an 11th floor hotel window after noting stock losses of 124000 since last April. A note to his mother cited an 8100,000 loss and a plea that his body go to Warwick New York, with Helen Keyes to be notified.
MENTIONED IN THIS ARTICLE
New York
Shelton
W. J. Keyes
Charles Freshman Company, Inc
Warwick
Helen Keyes
N. Y
Ross Calls Conference to Consider Gardner Plan
George R. Ross director of state owned farms announced a special conference October 22 in Raleigh for superintendents managers stewards and purchasing agents of all state institutions to discuss Governor Max Gardner farm program. Gardner urges state farms to produce food and feeds economically exchange surplus and purchase cooperatively to demonstrate practices to the community.
MENTIONED IN THIS ARTICLE
Raleigh
George R. Ross
Max Gardner
Gardner
No Verdict Reached by Coroner's Jury in Carroll Death
Lincolnton North Carolina October 1 coroner jury investigating the death of Lewis Carroll reported no verdict. Carroll was fatally shot while riding home from a drinking party with companions who held him and others in custody. They claim Carroll shot himself.
MENTIONED IN THIS ARTICLE
Lincolnton
N. C
Lewis Carroll
Carroll
McCoy
Senate orders review of all lobbying agencies in Washington
The senate audit and central committee ordered a favorable report to the senate on the Cara way resolution to investigate all lobbying agencies in Washington. Tom Parkinson, in the Panther backfield, is noted as a key figure.
MENTIONED IN THIS ARTICLE
Washington
Senate Audit and Central Committee
Senate
Fire Alarms Strain Louisville as Legion Parade Sparks Blazes
Ten alarms hit Louisville downtown during a national legion convention celebration area causing over 15000 dollars in damage to a women's apparel store. Five firemen injured in the worst blaze. Arsons suspected with several fires starting in waste paper piles and several alarms turning out to be false.
MENTIONED IN THIS ARTICLE
Louisville
Funeral services held but burial delayed in Iredell tragedy
R L Bastian a 60 year old Iredell farmer died after a Sunday fight with his son in law George C Carriker 28 arrested without bond. Services were held at Prospect Presbyterian Church but burial was postponed at relatives request. An inquest was not ordered and Carriker claims self defense.
MENTIONED IN THIS ARTICLE
Mooresville
N. C
R. L. Bastian
Iredell
Prospect Presbyterian Church
George A. Morrow
George C. Carriker
Bostian
Sunday Eyvyening
Carriker
Bastian
China Grove
Receivership Ordered for Cuba Cane Sugar Crop
New York October 1 a United States District Court ordered a receivership for the Cuba Cane Sugar Crop with assets over 110 million dollars. Charles Hayden chairman of the board and reorganization committee said the plan would be presented to the court.
MENTIONED IN THIS ARTICLE
New York
Cuba
United States District Court
Charles Hayden
Reed Defends Flexible Tariff Power to President
Senator Reed of Pennsylvania argues in the Senate that critics of the flexible tariff provision have accepted a clause that gives the president more power. He defends the section as a necessary feature of the bill amid ongoing tariff debates in Washington.
MENTIONED IN THIS ARTICLE
Washington
Reed
Pennsylvania
Senate
Russian Aviators Pause Before Seattle Hop
Four Russian aviators in the monoplane Land of the Soviets halted at Sitka Alaska after postponing a Seattle leg. They arrived from Seward and plan to fly to Washington, D C tomorrow if weather cooperates.
MENTIONED IN THIS ARTICLE
Sitka
Alaska
Moscow
New York
Seattle
Washington City
Seward
Chief Justice Taft Returns to Washington in Improved Health
Chief Justice Taft, showing marked improvement in his physical condition, arrived in Washington today from his summer home at Murray Bay, Canada, signaling a favorable turn after his summer at the retreat.
MENTIONED IN THIS ARTICLE
Washington
Taft
Murray Bay
Canada
Also Mentioned on This Page
Cuba Cane Sugar Corporation
Aarley
Bey Sear
At&t
Armour
Beth Steel
Cannon Mills
Esa
CG Dick Uae
Davidson Chem
Enue Budors Svee
Eevee
EMI Nickel
Wee Bicveesa
Bo Org
BeiNee
Liggett and Myers B
Nashville
Etka Reo
Monty Ward
Veevbu
Nynh and H
Norfolk and West
Northern Pac
Pan Am Pet
Ceee
Pamt Fam Lasky
Phillip Morris
Ecvsny
Pirie Foc Sac Cuveeneww
Pullman New
Sou Dairies B
Cee
Bou Pee
Shane
Snees Aessas
Studebaker
Csee Tenn Cop
Tetas Corpos Sicona
Ikea Nk
United Cig
Alce Oat
Ion Kas
Carolina Chem
Ward Baking B
Westinghouse Elec
Willys Overland
Western Union
Woolworth
Sectese el Power and Lt
Gillette Evetuns
Eeeere
Tees Eowswest Loh
Ceeseves
Ceres
Vans Ts Ives
Eeeer
Austin & Turner
Augsé
Conon 100 Low Committee
Bellas Hess Company
Ross
Tom Parkinson
Panther
Legion
Sugar Company
Reeds
Owen Uead
Company East
Wrenn
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