Dearish Feeling in Stocks Again
Stocks drift lower in a languid market as bearish sentiment spreads. Coca Cola falls sharply while Eastman Kodak and several other majors slide. overall trading shows subdued volume and lack of a sustained rebound.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 30, 1930
Page
7
Stocks drift lower in a languid market as bearish sentiment spreads. Coca Cola falls sharply while Eastman Kodak and several other majors slide. overall trading shows subdued volume and lack of a sustained rebound.
Three Raleigh doctors testified that confinement in a sweat box accelerated Willie Bellamy s death while three convict camp officials faced manslaughter charges. Witnesses described Bellamy s illness and a July death after flogging claims at the convict camp under Gordon Watkins Swannie Counell and Vance Mangum.
Water from the Jordan helped christen Margaret Rose, second daughter of the Duke and Duchess of York, in Buckingham Palace’s private chapel. Archbishop of Canterbury led the ceremony as the sun shone on a font from Windsor Castle and a royal choir sang hymns chosen by the duchess.
Five miners were missing following an explosion at the Fortenaille coal mine in Montigny Le Tillieres near Charleroi. Local authorities reported searching the shaft and sealing other sections as rescue teams worked through the night.
The list captures numerous blue chips and staples including Am For Pow, Coca Cola, General Electric, Chrysler, IBM, Colgate, DuPont, Goodyear, Gillette, Lorillard, Philip Morris, Reynolds, Union Carbide, United Fruit, Western Union, Westinghouse, Woolworth, and many others. Prices and performance indicators appear scattered, reflecting a dense snapshot of interlisted stocks and sector leaders across energy, chemicals, and consumer goods.
C. O. McGuire of Cincinnati, a mail pilot for Embry Riddle, was killed when his plane crashed six miles west of Brookston. He reportedly attempted a parachute jump but was dragged down with the aircraft as it developed motor trouble. The body was found about twenty feet from the wreckage.
M Aletser Oklahoma Wheatley No 4 mine on penitentiary farm near where 29 men were trapped after a violent explosion has recovered 27 bodies. Rescue crews brought blast seared bodies to the surface through the night. Relatives planned funerals for many victims as two services were held yesterday after bodies were recovered. Official probe into the blast cause delayed until all bodies are found.
In New York on October 30 cotton opened steady then declined 8 to 12 points amid liquidation and southern selling. By midmorning December slipped to 11.24 and May to 11.82 with most active months down about 14 to 15 points. Trade buying and covering provided brief rallies, while Liverpool hedge activity and weaker India demand added pressure and then offerings tapered, leaving markets quiet and lower than Tuesday peaks.
New Orleans cotton futures opened with easy trades as overnight selling lingered from yesterday’s decline. December slipped to 11.23, January 11.38, March 11.61 before buying support nudged values up, closing near the lows with a net 9 to 10 point decline.
Sheriff seeks two young men for assaulting 83-year-old Confederate veteran John Edge and stealing his life savings of 390 dollars. Edge, who distrusted banks, kept money from pension checks and farm earnings on a Yancey County farm nine miles from Burnsville. He described his assailants as his grandnephews Smith and Vernon Robinson. condition reported serious.
Three Cleveland residents shared in a Cambridgeshire sweepstakes at Newmarket New England. Herbert C Pries a steel plant brakeman who paid 1 for a ticket on Pen the race winner won 67827. Regina Croak who held a ticket on Racedale the second place winner won 22609. Steve Barlicki who chose Recorder the third place winner drew 11304. London has a drive for pure plays.
Orders called for the arrest of General Theodorus Fansalos once dictator of Greece in January 1926 and later president and prisoner. The government charged Fanaglos followers with renewing activities amid a political crackdown. Oslo reports a building boom.
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