Market swings in New York as bear selling drags prices lower
A sharp sell off after early strength left stocks down 2 to 10 points from highs. About 1.5 million shares traded in the active half holiday session, with motor stocks leading the wild fluctuations and gains seen in New York Central and several others, while Mercantile shares bore the brunt of selling pressure.
MENTIONED IN THIS ARTICLE
New York
Hudson
General Motors
Chrysler
Dodge Brothers
A.’ Fisher Body
Studebaker
United States Steel Common
American
Dupont
New York Central
American Safety Razor
Continental Insurance
Postum Cereal
Cushman’s Bakery
F. G. Shattuck
Mercantile
McCrory
Kinney and Company
R. H. Macy
Manhattan Shirt
National Cloak and Suit
Sears Roebuck and
Woolworth
International debt and corporate bond listings
A dense catalog of government and corporate bonds with yields and issue dates. Entries include Argentina 63, 1958. Austrian loan 7s 100%. Dutch East Indies 6s 1962. German, French, Belgian, Polish and UK government securities. U S. and Canadian issues. and corporate bonds such as Am. Agr. Chem. 74s, Am. Smelting, Dodge Bros. deb, Goodyear Tire 8s, Bethlehem Steel, and Union Pacific.
MENTIONED IN THIS ARTICLE
Gtd
Dom
Canada
Dutch East Indies
French Republic
Kingdom of Belgium
Rep
Poland
U. K
G. B
U.S
Brazil
S. Esi
Agr. Chem
Ense
Bugar
Tel
At. T. & San. Fe
Baltimore & Ohio
Bethlehem Steel Con
Bklyn. & Manh
Trans. S
Central Leather
Chesapeake & Ohio
Chic
East Illinois
Great Western
Mil
St. Paul
Northwest Rig
R. Py. Rig
Terre Haute & S. EB
West Ind
Chile Copper
Cleve. Cin. Chi. & St. L. Rfg
Consumers Power
Denver & Rio Grande
Dodge Bros. Deb
Empire Gas & Fuel
Erie Gen. Lien
Goodyear Tire
Great Northern
Inter. & Gs
Northern
Inter
Merc. Marines
Kansas City Southern
Kelly-Springfield Tire
Louisville & Nash
Mo. Kan. & Tex
New
New Orle Ns, Tex. & Mex
New York, Ohic
St. L
Northern Pacific Rfg
Pan-Am. Pet. & Tr
Penna. R. R. Temp
Public Service of N. J
St. L. & San Franflinc
Sinclair Con. Oil
Southern Pacific
Southern Railway
Southwest Bell Tel
Union Pacific
U. S. Rubber
U. S. Seels
Va.-Car. Chem
Virginia Railway
Hudson& & Manh. Adj. Inc
Mo. Pacific Gen
Seaboard Air Line
Adj
Western Electric
Cottonseed Oil Markets Mixed After Small Trade Volume
Trading was dull with 2,000 barrels of cottonseed oil changing hands and the close modestly lower. A surprising census showed September consumption at 231,000 barrels, but a 405,000 barrel rise in visible supply offset the bullish signal. Prices for Crude and Summer Yellow bids edged and futures with October at 997, December 995, January 998, March 1011.
MENTIONED IN THIS ARTICLE
New York
Graham Prince Orchestra Tops Chicago Stage This Week
The Graham Prince and his orchestra are set to headline a sizzling show in Chicago with performances on Tuesday and Wednesday. Local fans expect a lively night of dance music and tight arrangements from the popular group.
MENTIONED IN THIS ARTICLE
Chicago
Graham Prince
Early Advances Not Retained In Cotton Market Rally
Reactions followed early advances as the cotton market closed steady with net gains of about 10 to 12 points. December rose to 21.65 on frost fears then eased to 21.53, while January and March saw upturns before selling pressured by hedge activity and favorable weather outlooks. News of 2,000 bales en route from the south fed near to later month shifts, with Liverpool and Manchester trade cues hinting at improved activity. Memphis reports spot buyers paused though northern and southern interests bought some.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Manchester
Oklahoma
Arkansas
Texas Panhandle
Memphis
Northern
Southern Mail
Cotton Goods Market Steady With Signs Of Demand
Cotton goods markets remained steady with buyers showing more interest in late contract deliveries at lower prices. Finished goods moved on past orders while Manchester cables reported improving sales and firmer prices. Raw silk unchanged as spring silk attracts prompt delivery. linens rise but fierce competition keeps prices low. Public opinion in trade points to a good balance for the year with third quarter seen as satisfactory. Burlap shipments from Calcutta this month exceed September.
MENTIONED IN THIS ARTICLE
New York
Manchester
Calcutta
Freight rail traffic up 38 percent for Sea board Air Line
Heavy freight activity on the Sea board Air Line shows 87 821 carloads in the first 13 days of the month compared with 63 547 a year earlier, a rise exceeding 38 percent.
MENTIONED IN THIS ARTICLE
New York
Seaboard Air Line
Special Prayer Meet At Oak Hill Home
A special request prayer meeting is to be held at the home of S. A. Hedrick in Oak Hill Monday evening at 7 30. Everyone is invited to attend and the meeting will be directed by Captain 2.
MENTIONED IN THIS ARTICLE
S. A. Hedrick
Oak Hill
Captain 2
Expanded Bond Trading Moves Markets on Strong Volume
Speculative enthusiasm shifts from stocks to bonds with broad gains as foreign obligations lead the advance. French German and Polish bonds buyback rises on expectations from the Locarno treaty, Mexican issues trade heavily, Liberty bonds rebound as banks and institutions buy. Corporate liens show modest gains amid narrow price changes.
MENTIONED IN THIS ARTICLE
New York
Wheat and grain rally as Canadian threshing slows
Chicago grain prices rose after reports of increasing thresher delays in Canada due to prairie snowstorms. Wheat closed higher with December at 147 3-8 and May at 144 1-2. Corn gained 5-8 to 7-8 cent, oats mostly steady, and provisions varied up to 15 cents.
MENTIONED IN THIS ARTICLE
Chicago
Canada
Prairie
Florida Embargo Halts Shipments to State Areas
Local shippers face broad embargoes as Florida is blocked for freight by several railroads. High Point, Thomasville and Denton Railroad official S. O. Schaub announces all freight, with Florida East Coast already restricted and Atlantic Coast Line adding limits. Some limited through movement may occur only via individual permits. The embargo impacts demand for High Point products in Florida.
MENTIONED IN THIS ARTICLE
Florida
S. O. Schaub
High Point
Thomasville
Denton
Florida East Coast Railway
Atlantic Coast Line
West Coast
East Coast
Long Island Railroad
New York
Schaub
Negro Sentenced to Death in Raleigh Chair
Fred D. Jones, a Black man, was found guilty of first degree murder for the June 13 hold up that killed Monroe King, a White man, in Winston-Salem. He was sentenced to die in the electric chair at Raleigh on December 16 between 10 a.m. and 3 p.m. Jones made no statement at sentencing. this is his second death sentence.
MENTIONED IN THIS ARTICLE
Winston-Salem
Fred D. Jones
Monroe King
Raleigh
Jones
Negro convicted then granted new trial in murder case
Judge Thomas J. Shaw granted a new trial after newly described evidence for a case in which a black defendant faced first degree murder charges. Insanity was argued by the defense though prosecutors introduced witnesses claiming no insanity after the capture. The victim, King, was shot during a robbery in a county office. An appeal was filed by the defense.
MENTIONED IN THIS ARTICLE
Thomas J. Shaw
Anderson
State Insane Hospital
King
Richmond Chief Arrested for Liquor Robbery
Walter B. Haynes, owner of an automobile-for-hire business, was arrested in Richmond on a charge of robbing a New York wine cellar of pre Volstead liquor valued at $20,000, transporting it to Richmond and distributing the booty locally.
MENTIONED IN THIS ARTICLE
Richmond
Walter B. Haynes
Golf Score Verifications and Driving Out of Turn Rules
In medal play a marker is responsible for confirming the posted score while players verify their own. In match play a stroke driven out of turn may be recalled, but in medal play no recall or penalty applies. Innis Brown will answer rules questions via the sports editor.
MENTIONED IN THIS ARTICLE
Innis Brown
Bell Syndicate
Derrick Heads to Tampa and Florida West Coast
T. M. Derrick departed Thursday for Tampa and the Florida west coast, where he will be away about ten days.
MENTIONED IN THIS ARTICLE
T. M. Derrick
Tampa
Florida
Bandits Hold Up Payroll at Florida Plant
In West Palm Beach Florida a gunman shot F W Curry 22 a lakeworth cement gun company employee during a payroll heist at his machine as he tried to flee. The cash payroll of 3500 dollars was stolen by the raiders sending Curry to Lake Worth General Hospital in critical condition.
MENTIONED IN THIS ARTICLE
West Palm Beach
Fla
Lakeworth
F. W. Curry
Comepany
Lakeworth Génner Hospital
Curry
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Aus
Eado
Close Allied Chem. & Dye
Bosch Magneto
Top
Santa Fe
Atlanta
Bir & Atl
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Bethlehem Steel Eee
An. Transit
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Mg Central Leather Pfd
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Chicago & Northwestern
Rick I. & Pac
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Freeport-Texas Co
General Electric
General Petroleum
Great Northern Pfd
Gulf States Steel
Ind. Oil & Gas
Inter Harvester
Inter. Merc. Mar Pfd
Inter. Nickel
Ee Eee Ee
Kelly Springfield Tire
Kennecott Copper A
Mack Truck
Marland Oil
Eee
Eevee Mid-Cent
Pet. E
Mo. Kas. & Tex
Mo Pacific Pfd
Ee Ee
Montgomery Ward Ee
Eeene
Norfolk & Western Eevee
North American Co. Ee
Northern Pacific Ee
Pacific Oil Ee
Packard Motor Car
Pan.-Am. Pet
Aese
Pennsylvania Eeeeweve
Eeve
Phillips Petroleum
Pierce-Arrow
Radio. Corp. Eeve
Republic S. & Steel Se
Reynolds Tobacco
St. Louis & San France
Seaboard Air Line A
Seaboard Air Lpfd
Sears Roebuck
Shell Union Oil
Simms Petroleum
Sloss-Sheffield Steel
Southern Pacific Ee
Southern Ry
Southern Rapid Ee
Standard Oil of Cal
Standard Oil of
N. J
Stewart Warner
Studebaker Corp
Texas Company
Texas & Pacific
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United Cigar Stores
le White Motor Co
Ty Willys Overland Woolworth & Co
Chicago Grain
Star
Industrial Electric & Machine Co
Twintex
Nat Walker
Optometrist
Hart Drug Co
the Links
North
Carolina Free
Ring
S. C. Wincannon
Hamilton St
Atad Tenn
Sheraton Motor 4 Company
North Wrenn St
Iit
Wilson Motor Company
Washington Street