Stock Market Slumps as Toll of Weak Accounts Shocks Exchange
In New York the stock market nosedived during a volatile week end on the exchange with heavy selling. Brokers cite overpowered quotations, panicky moves, and large short positions that fueled the decline though some see potential for a rebound as weak holdings exit and bears may face buying pressure. Prominent operators named in circulating rumors, conditions were orderly on the floor despite the turmoil.
MENTIONED IN THIS ARTICLE
Associated Press Financial
New York
ATJ
New York Block Exchange
Andi Heory
Yose
Lyesa
Bears
Stock Exchange
Parker Fight To Be Settled Soon
Washington May Parker of North Carolina faces rejection as a Supreme Court nominee as Senate opposition contends a defeat is likely. Key figures including Overman and Borah predict outcomes amid a tight vote, with debate resuming Monday and a possible Tuesday decision. President Hoover’s support fuels the opposition’s alarm as party splits widen.
MENTIONED IN THIS ARTICLE
Frances M. Stephenson
Associated Press
Wasitington
John
Parker
North Carolina
Supreme Court
Senate
Borah
Idaho
Qairs
Overman
Timvever
Ovenman
Curtis
Tennessee Weather Forecast Indicates Cloudy Skies
Cloudy conditions expected across Tennessee today with possible showers. Temperatures show little change from April averages with a mild high and cooler low forecast.
MENTIONED IN THIS ARTICLE
Tennessee
Wall Street wary of rash speculation after rosy business survey
Following President Hoover's upbeat business outlook, Wall Street traders increasingly fear speculative excess. Analysts warn that rapid bets could spark volatility and a market correction as observers note continued page six continuation.
MENTIONED IN THIS ARTICLE
Hoover
Wall Street
British Ready to Use Arms to Curb Gandhi Campaign
London May 8 AP observers report a stiffening British government stance on India. Clashes in Peshawar and surrounding districts rise while propaganda around the Sarda act stirs unrest. Officials warn tribesmen may seize any provocation to justify armed action on the northwest frontier. Today North India marks Peshawar Martyrs Day.
MENTIONED IN THIS ARTICLE
London
Peshawar
India
Peshaward
Congress
Congress Party
1930 Census Reveals County and City Population Changes
Knoxville reports a population of 104,898 in 1930, up 27,080 from 1920. Other cities show varied shifts: Pasadena surges to 75,875, Orlando grows to 27,263, Amarillo to 43,094, while Billingsley and Autaupaville post declines or modest changes.
MENTIONED IN THIS ARTICLE
Knoxville
Tenn
Jackson
Mars
Fort Smith
Ark
Covington
Orlando
Fla
Greenville
Tex
Pasadena
Calif
Raleigh
N. C
Middlesboro
Amarillo
Texas
Waco
Lawton
Okla
West Blockton
Ald
Maplesville
Ala
Thorsay
Autaupaville
F Billingsley
Sn. Ns
Morrow Declines Gift Senate Bid to Stand for NJ Nomination
Dwight W. Morrow announced he will seek the Republican senatorial nomination from New Jersey within ten days, aiming to enter the Senate at the December session by direct election. If nominated and elected in November, he would succeed Walter E. Edge as senator from December 1920 to March.
MENTIONED IN THIS ARTICLE
Washington
United States Senate
Dwight W. Morrow
New Jersey
Senate
Morrow
Walter E. Edge
France
Local talent film cast chosen for May performances
The Kingsport PTA selects Stewart Gresley as hero Jim Chester with Reginald Wood as Thornton Chester and B M Brown as J Wellington Sanford. Dorothy White plays Betty Sanford, Miss Penn a young worker, and Thomas C Harris an English noble Lord Plushbottom. Rehearsals begin Thursday with nearly twenty scenes shot across plant offices, homes, mountains, and rivers.
MENTIONED IN THIS ARTICLE
Parent-Teachers Association
Jim Chester
Joan’ Mountain
Kingsport
Stewart Gresley
Reginald Wood
J. A. Clark
Mary’ Penn
Lord Plushbottom
Sanford’s
Betty
Thomas C. Harris
House Stands By Hoover Twice On Tariff Contests
In Washington on May 3 the House, by large majorities, backed President Hoover in the tariff dispute, rejecting the Senate clause withdrawing executive power to make emergency changes. Votes were 231 to 161 on the debenture and 236 to 154 on the flexible provision. The House sent the complex conference document back to the Senate, with a possible return to conference before next week. A letter from Hoover to Representative Tilson was read, denying authority to speak for the President on the debenture plan.
MENTIONED IN THIS ARTICLE
Harold D. Oliver
Associated Press
Washington
House
Hoover
Senate
Tariff Commission
Congress
Rover
Tilson
Connecticut
Cooper
Wisconsin
Swithh
Con
Census drive urges complete Kingsport count
The Kingsport Times promotes a quick census count urging those missed by census takers to submit or mail a blank form to Dr. H. S. Smythe in Bristol. Residents may also visit The Times to complete a form in person, stressing urgency as the window closes.
Whalen Declines To Release Soviet Documents
New York May 3 Police Commissioner Whalen keeps custody of papers alleging Soviet agents fomenting strikes. Amtorg chair Bogdanov denounces them as forgeries and Whalen cites an ongoing police inquiry into communist groups as a reason not to release the documents. Washington reaction notes proposed congressional probes into communist activity and funding for Bishop Cannon dinner campaign.
MENTIONED IN THIS ARTICLE
New York
Russia
Whalen
Peter A. Bogdanov
Amtorg
Soviet Trading Corporation
Bogdanov
Washington
United States
House
New York City
Johnson
House Immigration. Com
Labor Department
Entry of Thirty Permits Highlight New York Visitation
In New York yesterday documents named thirty individuals amid renewal procedures for visitor permits. Officials indicate possible renewal pathways for many, though some entries appear undesirable on the public page.
MENTIONED IN THIS ARTICLE
Matign
New York
Kingsport Times Calls Missed Residents to Enroll in Census
The Kingsport Times partners with the Supervisor of Census to tabulate Kingsport by letting missed residents fill a form at the paper office. Those who were overlooked may submit the form by mail or in person, with no obligation, to improve local census figures.
MENTIONED IN THIS ARTICLE
Kingsport
Kingsport Times
Times
Reece Shoals plan to lease Muscle Shoals outlined
Washington May 2. The house military committee will vote Monday on the Reece plan to lease Muscle Shoals to private interest. The measure, read for amendment, is viewed as a formality. The plan would authorize a three citizen board to negotiate a lease and fund a Cove Creek dam in Tennessee worth about 37 million, with a recapture clause for wartime or breach situations.
MENTIONED IN THIS ARTICLE
Washington
House Military Committee
Muscle Shoals
Senate
House
Recce
Tennessee
Hoover
Congress
Reece Mandal
Cove Creek
Josgee
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Asi Bears
By Claude A. Jagger
Prsident Hoover
White House
Watson
Indiana
Judiciary Committee
North
The
Ted States
Virginia
Virginia anti-Smith Committee
Jameson
Tinkham
Jobby Committee
Massachusetts
Cannon
F. Scott McBride
Antisaloon League
Senator Blaine
Republican
Methodist Board of Temperance, Prohibition,and Public Morals
Federal Council of Churches
Southern Methodist Board of Temperance and Social Service of
Bishop
Reece Shoals
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