Stocks Dull After Rally As Opening Gains Falter
New York trading opened with heavy buying by banking interests stabilizing prices but the session cooled from yesterday’s rally. Early gains by several stocks were erased as nervous traders sold, leaving markets generally lower by mid afternoon. Panic slowed by assurances from five top bankers at J. P. Morgan and Co. as the day wore on.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
J. P. Morgan and Company
Wall Street
Morgan
Lake Steamer Milwaukees Loss Claims 54 Crewmates
A Milwaukee car ferry named Milwaukee sank 16 miles southeast of Kenosha during a Tuesday night storm. Searchers recover seven bodies. Capt Robert McKay chief among identified victims. Federal investigators plan inquiry to determine negligence or mismanagement in the voyage. Grand Trunk officials express cooperation and willingness to face scrutiny.
MENTIONED IN THIS ARTICLE
Grand Trunk
Milwaukee
Lake Michigan
Kenosha
Wis
Grand Haven
Mich
Robert
McKay
United States Steamboat Inspection Service
William A. Collins
Charles A. McLaren
Mercy is asked for ex Interior Secretary Fall
Albert B. Fall was found guilty of taking a $100000 bribe from Edward Doheny for Elk Hills California naval oil reserve. The jury of eight men and four women, all voting guilty, recommended mercy for the 68 year old former interior secretary. He appeared in court in a wheelchair as the verdict was read.
MENTIONED IN THIS ARTICLE
Washington
Albert B. Fall
Edward UL. Doheny
Elk Hills
Calif
Naval Ail Reserve
Iheterior
Harding
Fall
Doheny
Senate
Supreme Court
Canalization Complete Ohio River Dam Dedicated
At Grand Chain Illinois on October 25 Maj General William Sibert retired US engineer dedicates Dam No 53 completing the 50 dam system for a year round nine foot Ohio River navigation. He predicts benefits for the midwest linking farm and factory and praises district engineer Col George R Spalding.
MENTIONED IN THIS ARTICLE
Grand Chain
Ills
Ohio River
William Leibert
United States
Bowling Green
Congress
Cincinnati
Pittsburgh
General Sibert
Ohio
Middle West
Louisville
West
George R. Spalding
No Local Traders Sold Out During the Crash
The High Point market saw local traders hold firm as prices fell. J. S. Bache and Company reported no local accounts were closed and buying surged, with yesterday’s purchases 90 percent above selling, while bargain hunters placed orders today and yesterday.
MENTIONED IN THIS ARTICLE
High Point
J. S. Bache and Company
Sweeping probe launched after attempt on Crown Prince Humbert
Brussels reports a broad police sweep into yesterday’s attack on Crown Prince Humbert heir to the Italian throne. Suspects held as investigations widen while Humbert and Princess Marie Jose confirm their betrothal and prepare for Rome.
MENTIONED IN THIS ARTICLE
Prince Humbert
Marie Jose
Brussels
Humbert
Rome
Brussels Palace
Albert Rose
Fernando Dirosa
Mussolini
Girl gets two years for death of father
Effie Davis, 18, of Bryson City was sentenced to two years in the state penitentiary after conviction of second degree murder. She testified she killed her father claiming self defense.
MENTIONED IN THIS ARTICLE
Bryson City
N. C
Effie Davis
State
Stabilized Profits Urged by Schwab Address
Charles M. Schwab urged stabilized profits as ethical and necessary for the steel industry at an American Iron and Steel Institute address. He projected 1929 production above 57 million tons, but emphasized stability as key to uniform prosperity and warned against producing to capacity without demand. He called the cost sheet a compass to flag overcapacity, uneconomic practices, and faulty pricing.
MENTIONED IN THIS ARTICLE
New York
Charles M. Schwab
American Iron & Steel Institute
Washington Sees Stock Slump Not Harming National Business
Washington officials voiced cautious optimism that the Wall Street decline will not depress overall business. They noted the stock market drop does not reflect the real economy and that credit institutions anticipated the downturn, taking steps to protect positions as the slump continued.
MENTIONED IN THIS ARTICLE
Washington
Wall Street
Rioting in California County Sparks Filipino White Clash
In Fresno and Exeter riots erupted after a stabbing left Adolph Bergman gravely injured. About 300 white laborers clashed with 200 Filipinos, attacking at a carnival and later at E. J. Firebaugh’s ranch, using stones and clubs as fleeing Filipinos hid in vineyards or fled by car.
MENTIONED IN THIS ARTICLE
Fresno
Calif
Exeter
Here
Adolph Bergman
E. J. Firebaugh
Borgman
Philippines
Firebaugh
Dawes Named U S Delegate to London Arms Conference
Ambassador Charles G. Dawes joins Secretary Henry L. Stimson Senators Reed of Pennsylvania and Robinson of Arkansas on the United States delegation to the London arms conference. Dawes, on leave, will confer with President Hoover and Stimson before returning to his post.
MENTIONED IN THIS ARTICLE
Washington
Charles G. Dawes
United States
Henry L. Stimson
Thetate Department
Reed
Pennsylvania
Robinson
Arkansas
Dawes
America
Hoover
Stimson
Reed and Robinson
Separate Report Drafted On Senator Bingham Inquiry
A separate report is being drafted by the senate lobby committee on its inquiry into the relations between Senator Bingham and the Connecticut Manufacturers Association and will likely be submitted to the senate early next week.
MENTIONED IN THIS ARTICLE
Washington
Senate Lobby Committee
Bingham
Connecticut
Connecticut Manufacturers Association
Senate
Senate approves higher tariff on cellulose sheets
The Senate voted 45 to 35 to raise the tariff on transparent cellulose sheets used in safety glass manufacturing from 40 to 45 cents a pound. The finance committee had proposed 50 cents a pound.
MENTIONED IN THIS ARTICLE
Washington
Senate
Wheat Prices In Slight Recovery
Wheat prices opened higher then fell in early trading in Chicago on Oct 25 AP report. May wheat reached 1.281 a bushel before sliding 5 cents from its best, March slipped to 1.27 5, and December dropped to 1.17 5. The market showed active selling within the first half hour.
MENTIONED IN THIS ARTICLE
Chicago
Pantages Case Heads for Jury in Los Angeles
In Los Angeles on October 24 the Alexander Pantages case, charging a statutory offense against Eunice Pringle, 17, nears jury deliberation after closing arguments were interrupted by a juror’s illness. Judge Charles Fricke expects instructions to follow. The trial began October 1 with defense contending Pringle sought to blackmail. An alternate may replace ill juror Mrs Lotta Steiner.
MENTIONED IN THIS ARTICLE
Los Angeles
Alexander Pantages
Eunice Pringle
Charles Fricke
Lotta Steiner
Harvey N. Connent
Steiner
Charles Thomas
Pantages
Miss Pringle
Daladier Accepts Mission to Form New French Cabinet
Paris October 25 Eduard Daladier radical leader accepted President Doumergue's invitation to form a new government after Briand's resignation. He pledged to assemble a cabinet and spent about 45 minutes with the president before leaving for Rheims where the radical social party convenes.
MENTIONED IN THIS ARTICLE
Paris
Eduard Daladier
Doumergue
Aristide Briand
M. Daladier
Rheims
Radical Social Party
Two Men Severely Burned In Gulf Refining Explosion
Two men were seriously injured when an automatic oil burner exploded inside a Gulf Refining Co service station under construction. Injured are F. B. Smith of Winston Salem and Herbert Newsome of Salisbury. They were taken to High Point hospital by a Sechrest ambulance. Smith suffered severe burns. Newsome had lesser injuries. Firemen arrived after the blaze was extinguished.
MENTIONED IN THIS ARTICLE
Edwin D. Mouzon
North Carolina
M. E. Conference
Mouzon
J. E. Pritchard
Ashebore
Protestant Wing of the Church. At the Close of Dr. Pritchard
Mouton
Dallas
Texas
F. N. Tate
High Point
W. R. Odell
Concord
J. A. Jones
Asheville
C. H. Ireland
Greensboro
H. A. Dunham
James Atkins
Waynesville
W. H. Worth
North Wilkesboro
O. V. Wooseley
Lexington
C. C. Weaver
A. J. Kirby
J. L. Nelson
Lenoir
G. L. Hackney
J. F. Shinn
Norwood
J. E. Lambeth
Thomasville
E. A. Cole
Charlotte
Gilbert T. Rowe
Duke University
E. K. McLarty
John W. Moore
P. T. Dunham
Emory University
H. C. Sprinkle
Salisbury
W. A. Newell
Gastonia
A. W. Plyler
R. M. Courtney
W. W. Peele
Loy D. Thompson
Gulf Refining Company
F. B. Smith
Peachtree Street
Winston, Salem
Herbert Newsome
High Point Hospital
Sechrest
Smith
Newsome
Veteran Dies Suddenly in Fuquay Springs
Raleigh news reports 82 year old Confederate veteran Paschal Pool died suddenly at his Fuquay Springs home late last night. He is survived by two daughters Mrs. Sanford Martin of Winston-Salem and Mrs. Della Daughtry of Fuquay Springs.
MENTIONED IN THIS ARTICLE
Raleigh
Paschal Pool
Fuquay Springs
Here
Mr. Pool
Santford Martin
Winston-Salem
Della Daughtry
Fourteen Russians Executed For Anti Revolutionary Work
Rostov on the Don reports fourteen Russians were executed for forming and maintaining an armed counter revolutionary organization in the North Caucasus mountains. Two former high army officers and three property owners were among the condemned. Many others linked to the group were sent to concentration camps for hard labor five to ten years. Ordinary peasants drawn to the circle were freed.
MENTIONED IN THIS ARTICLE
Rostov-On-Don
UU. S. St. R
North Caucasus
Wiggins Probe Remains Open in Gaston County
The Gaston County grand jury, after failing to find evidence for murder and kidnapping charges tied to the September 1929 Wiggins case, was urged by Judge Hoyle Sink to continue the investigation into the death of Ella May Wiggins and the flogging of Ben Wells. Nine indictments were dismissed on bond. four kidnapping charges tied to the flogging were dropped. The probe into the Wiggins homicide and related events continues as authorities pursue possible further leads.
MENTIONED IN THIS ARTICLE
Gastonia
Gaston County
Grand Jury
Hoyle Sink
Superior Court
Ella May Wiggins
Ben Wells
National Textile Workers Union
Wells
Bessemer City
Wiggins
Epidemic of Infantile Paralysis Declines in Madrid
Madrid health authorities report the infantile paralysis epidemic appears to be decreasing with few new cases. Strict containment remains in effect though officials say there is no cause for alarm.
MENTIONED IN THIS ARTICLE
Madrid
Child of Estranged Chicago Couple Prefers North Carolina In Autumn
In Chicago on October 25 Judge Craig Hood heard 11 year old George Morgan Jr and his mother Mrs Lillian Morgan Pattison debate custody. The boy chose to live with his mother in Illinois except in autumn when he wishes to be with his father in North Carolina due to the fall scenery. The judge granted the arrangement allowing visitation with the father when leaves turn brown.
MENTIONED IN THIS ARTICLE
Chicago
North Carolina
George W. Morgan, Jr
George
Lillian Morgan Pattison
Craig Hood
Illinois
Judge Hood
George, Jr
Mrs Coolidge's Mother Dies After Illness
Mrs Lemira Goodhue, mother of Mrs Calvin Coolidge, died in Northampton after two years of illness. She was 89 or 90, widow of Captain Andrew Goodhue, and had spent the 1924 inauguration period at the White House.
MENTIONED IN THIS ARTICLE
Northampton
Mass
White House
Calvin Coolidge
New England
Lemira Goodhue
Coolidge
Clemenceaual Weakening Raises Death Anxiety
Paris reports Georges Clemenceau appears to be weakening as he cannot take solid food and fails to absorb medicines. Authorities fear a fatal cardiac event could occur despite assurances of improvement.
MENTIONED IN THIS ARTICLE
Paris
Georges Clemenceau
Also Mentioned on This Page
Urban F. Diteman, Jr
Atlantic
Harbor Grace
N. F
Montana
Stockman
Mercy
Interior
Thomas E. Norris
Prince
Schwab
Federal Reserve Board
Mellon
California
Naval
U. S
United Methodism
Union
Methodist Protestant Conference
Link
Faye
Clemenceau
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