Slow Decline in Value of Shares Deepens On Wall Street
Wall street traders turned to domestic affairs with corporate earnings and dividend outlooks pulling shares lower. Illinois Central slid to a new low under 20 after a dividend omission, with Santa Fe and Union Pacific posting similar losses. Gains for other big names were muted as the market awaited U S Steel’s post close statement. Banking data showed loans and securities dipping to about six billion, with cash in vault shrinking as banks hoarded liquidity.
MENTIONED IN THIS ARTICLE
Claude A. Jagger
New York
Wall Street
Illinois Central
U. S. Steel Corporation
Santa Fe
Union Pacific
New York Central
New Haven
Baltimore and Ohio
Chesapeake and Ohio
Allied Chemical
American Telephone
North American
Public Service of
N. J
Sears Roebuck
American Tobacco
International Harvester
Eastman and McKeesport
U. S. Steel
General Motors
Standards
California
Federal Reserve
Probe continues as court sets aside judge order
The circuit court of appeals set aside Judge Meekins order in the Mortgage company case. Attorneys for the mortgage firm claim a conspiracy to place it in receivership. they assert the 17 million dollar concern is sound. Forest Harness guides the grand jury inquiry with bankers and consul Andre Mottu among witnesses. Ashe is ill and sent papers.
MENTIONED IN THIS ARTICLE
Circuit Court of Appeals
Meekins
Court of Appeals
Forest A. Harness
Norfolk
J. P. Andre Mottu
W. T. Jennettes
First National Bank of Baltimore
Franklin CC
Curtis
Colonial Bond and Share Corporation
Baltimore
M. W. West
Davis and West
Norfolk Securities Dealers
C. 8.Phillips
Norfolk National Bank of Commerce and Trust
Mary Robinson
Raleigh
S. A. Ashe, Jr
United States Court
Ashe
Bankboard split spurs confidence shift in large deposits
In a dramatic move the bank trimmed its board and surged cash holdings, signaling a conviction that depositor confidence was returning after a period of volatility. The decision reflects a strategic effort to reassure customers and stabilize operations amid sizable withdrawals.
Schoolboy Safety Patrol To Begin Operation Here
Eighty boys from city schools except the high school met at the junior high auditorium to organize a schoolboy safety patrol. The Carolina Motor Club sponsors the effort with belts and badges. Patrols will guard crossings and report safety violations. duties begin tomorrow with full operation Monday.
MENTIONED IN THIS ARTICLE
Carolina Motor Club
C. 8. Grayson
E. M. Knox
T. Wingate
Andrews
D. H. Lasley
Carolinas
Lasley
Schoolboy Safety Patrol
United States
Samuele
Main Street
Wrenn Street
Paramount Theater
Roy Smart
Samuels
Hartsville Undertaker Pennington Shot. Police Probe Dual Theories
Hartsville undertaker C. M. Pennington was found shot on the Hartsville Ruby highway after leaving home to visit his parents in Raleigh. Police identify clues suggesting either murder or self-harm, noting a hat and cap near his car and a pistol on his chest. Coroner Kistler expects an inquest Friday and a mystery close to resolution by week’s end.
MENTIONED IN THIS ARTICLE
Hartsville
8. C
C. M. Pennington
T. Grant
Pennington
Hartsville-Ruby Highway
Raleigh
N. C
A. H. Kistler
Darlington
Guilford County Dental Society To Meet Tonight
The Guilford County Dental Society will hold its monthly dinner meeting at the Sheraton hotel tonight. Dr. HK B Hiatt of the Guilford County Medical Society will deliver the principal address. His subject was not announced.
MENTIONED IN THIS ARTICLE
Guilford County Dental Society
Sheraton Hotel
HK. B. Hiatt
Guilford County Medical Society
Hiatt
Hoover Opposes Independence For Philippines Trade Ties
President Hoover spoke at a noon meeting with newspaper reporters and discussed independence for the Philippines. Secretary Hurley, back from the Philippines, will draft a report for Hoover and oppose independence until key economic adjustments affect trade between the islands and the United States. White House aides acknowledge continued congressional momentum favoring independence.
MENTIONED IN THIS ARTICLE
Hurley
Philippines
Hoover
White House
United States
Congress
Session invites extend to several guests this afternoon
The invitation list expanded this afternoon as several other guests were invited to attend the session, signaling broader participation in the proceedings.
MENTIONED IN THIS ARTICLE
Nounced
Improvement Seen By Brockett Since Visitors Barred
Robert Brockett city collector for two years reported a 1161.50 shortage in the office and denied knowledge of its source. He noted improvement in the two weeks after a rule barring all visitors from behind the collector’s cage. He cited past audits showing prior balances and small daily variances, and said eliminating personal contact will remove suspicion from inside the office while denying any one person is responsible.
MENTIONED IN THIS ARTICLE
Robert Brockett
Enterprise
Brockett
High Point
Ernst and Ernst
City Hall
Show and Wind in Rocky Mountains Bring Cold Snap
Helena October 27. A forecast of fair and colder weather pressed winter onto Wyoming and Montana. Snow and wind storms swept the region. Montana mountains covered in snow and entrances to Yellowstone Park clogged by 18 inches. Anaconda had three inches of snow and swirling winds. Bozeman faced near freezing but little snow. Western and southwestern Wyoming faced a blizzard and colder temps with some new snow. Eastern Wyoming remained just above freezing. Transcontinental airmail planes delayed slightly.
MENTIONED IN THIS ARTICLE
Helena
Mont
Wyoming
Montana
Yellowstone Park
Anaconda
Bozeman
Etheridge and Bryant Pleading Guilty To Robbery Charges
Olin Etheridge and Reuben Bryant pleaded guilty to breaking and entering on five counts in Guilford Superior Court Greensboro. Judge Thomas J. Shaw withheld sentence until later in the week. The pair were charged in entries at Kester Machine Works High Point Grocery Lexington Grocery West Side Filling Station and Kennedy Hanson stores since September 1.
MENTIONED IN THIS ARTICLE
Olin Etheridge
Reuben Bryant
Guilford Superior Court
Greensboro
Thomas J. Shaw
Bryant
Etheridge
Kester Machine Works
High Point Grocery Company
Lexington Grocery Company
West Side Filling Station
Kennedy and Hanson's
Pears Claimed As Nature's Pranks Plucked From Wrightsbury Tree
A local claim reports unusually large pears grown on a tree owned by L. A. Wrightsbury of 512 Centennis Street. The owner says the fruits were plucked from the top branches and are displayed in The Enterprise front window.
MENTIONED IN THIS ARTICLE
L. A. Wrightsbury
Centennis Street
Enterprise Office
Mrs Shoemaker 5 Claimed by Death in Statesville
Mrs Amelia Shoemaker widow of the late W H Shoemaker died at her daughter Mrs J B Waugh’s home in Statesville after years of declining health and heart trouble. Born Amelia Rash in Iredell County October 11 1865 she married William H Shoemaker in 1882. he died 21 years ago. Survived by four sons three daughters 20 grandchildren one great grandchild two brothers two sisters and many more relatives. Funeral at Western Avenue Baptist Church in Statesville at 3 o clock Wednesday.
MENTIONED IN THIS ARTICLE
Amelia Shoemaker
W. H. Shoemaker
J. & Waugh
Statesville
W. W. Wilson
Amelia Rash
Noah Rash
Iredell County
William H. Shoemaker
W. Noah Shoemaker
Thomasville
J. 8. Waugh
This City
D. F. Kester
Mercer
Tenn
W. Richard Rash
Wateford
Cali
John W. Rash
Calvin Hutchens
Olin
Sarah J. Speaks
West Jefferson
N. C
Western Avenue Baptist Church
Chicago Grain Market Rises on Wheat Purchase Rumors
Chicago grain traders spiked prices after reports that negotiations neared a purchase of 20 million bushels of U S government sponsored wheat. Market activity tightened as France was seen needing 60 to 70 million bushels before August.
MENTIONED IN THIS ARTICLE
Chicago
United States
France
Governors to Convey Land for Great Smoky Park Expansion
Washington report notes North Carolina Governor Max Gardner and Tennessee Governor Henry Horton will transfer title to about 170000 acres to Secretary Wilbur on Monday for inclusion in the Great Smoky Mountain National Park. The deed adds to 158799 acres conveyed February 1930, bringing total near 330000 acres, with the Champion Fibre Lumber company tract of nearly 100000 acres among the lands. The transfer, to be broadcast from Wilbur’s office, follows park service control with development awaiting a 427000 acre minimum.
MENTIONED IN THIS ARTICLE
Chamber OF Commerce
South
Southern Timber
United States
Southern Forest
Georgia
Florida
Alabama
Mississippi
Louisiana
Arkansas
Texas
Oklahoma
Virginia
Carolinas
Old Wth
North Carolina
Arkan
South Carolina
Washington
Max Gardner
Henry H. Horton
Tennessee
Wilbur
Great Smoky Mountain National Park
Great Smoky
Champion Fibre Lumber Company
Park Service
Debt Revision Continued From Page One
A proposed international debt revision plan would form a consultative committee of up to 11 experts from various central banks and banks. The committee would be non governmental and its findings require acceptance by the debtor and creditor governments. It allows postponement of payments for up to two years after specified dates.
MENTIONED IN THIS ARTICLE
United States
Also Mentioned on This Page
Hamilton Street
Roland Park Avenue
Woodrow Avenue
Fifth Street
Richardson Street
Willowbrook Street
Redding
English Street
J. N. McCrary
Henry D. Perry
West High
Country Club
Bassett Furniture Industries
C. B. Houck
Loston Bull Pup
Jack
Lawrence Matton
Brentley Circle
Bruce H. Carraway
North Wrenn Street
Norcarol Shoe Repair
Main &Ee Streets
H. L. Bunnell Shoe Shop
N. Wrenn St
CITY
West Commerce Street
Goodyear
Bargain Furniture Company
East Washington Street
W. W. Cecil
South Main
J. R. Rucker
LaRue
Ohio
GADDY
H. Lagenby
North Main
Drv
Pine Black
Pred Cook
South Hamil Street
J. L. White, Inc. Hood Bank
Amos Realty CO
Wachovia Bank Bldg
Bren
Co-Op Finance CO
West
Washington St
Levite Beauty
West End
Pontiac
Arthur Black
Tt & Fe
Eeeseeeens
Coos
Cess
Eves
Bown Awm
Cose
Esses
Borden
Warner
Byers
Monte Ward
Murray Corp Osc
Nash
Seston Ee
Nyc
Tan
NHW
Snes
Nate Am Petro Corp
Oa Ee
Phillips Pet
Radio
BRK
Sues Sree Cree Eeeees ™ Steel
Western Union
Alaska
Bae Bow
Curtiss Warner Eene
Sven HH Eastman Kodak
Cece Os Baton AX
Esse Wete
Elec Pow & Light
Foster Ree
Gillette Jace Seebeed
Weaases
Houston Ou
Inter Nickel Can
Jonms Manville
GMB Bae
Dupont
Teeves Goodyear
Grigsby
Cveveese
Stone Webb
Texas i
United Corp
Undertaker
Rocky Mountains
Mother Nature
N.C
Greyling Way
St. Rene
Brid
Chest
Montlieu
Inde
Shir
Hutchen’s Bakery
East Washington
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