Stock Market Sees Heavy Trades Amid Speculation
The market shows broad activity with call money near 11 percent and rumors of a Money Committee reconvening. Brokers curb client activity as conservative firms fear speculative excess while rates stay around 6 percent for seasoned loans and 4 percent for collateral loans.
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Stock Exchange
Money Committee
Wrich
Treasurys
Federal Reserve Board
Esi
Treasury
Washington
Federal Reserve
the Reserve Board
Ihely Ds
Promoters Face Prosecution Over False Stock Claims
Assistant District Attorney Dowling announced that promoters who deceive the public in stock sales could be prosecuted under Section 952 of the penal law. Penalties include up to three years in prison or a $5,000 fine. Dowling testified before the June Grand Jury after presenting information on oil stock selling methods, naming witnesses including Clarence Rice of the Andrew Cone Advertising Agency. The investigation targets promoters who allegedly spent $20,000 promoting the stock, with further hearings planned.
MENTIONED IN THIS ARTICLE
Dooling
Docling
Grand Jury
Grand Jurys
Dowling
Clarence Rice
Brooklyns carousel feud harms two youngsters
In Eastern Brooklyn two boys are shot as rival carousel operators clash. Isidore Aronowitz, 14, and Phoebe McDermott were hit as Officer August Gron attempted to intervene. Garfolo and Merolla, involved operators, faced charges and investigation followed.
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Brooklyn
Isidore Aronowictz
South Thirdtreet
Phoebe McDermott
Broadway
Vinciico Merolla
Nostrand Avenue
Nicholas Garfolo
Havemeyer Street
Garfolo
South Third
Havemeyer Streets
Merolla
Gron
Isidore Ardnowitz
Revolfer
Phoebe McDermottn
Rause
Williamsburg Plaza
Gran
Bedford Avenue
Wolff
Williamsburg Hospital
Merella
Daylight Hold Up Netted $15000 In Coffee House Raid
Six gunmen robbed Cuban and Syrian diners at Joseph Numair’s cafe on Washington Street, taking about $15000 in cash and jewelry. One suspect, Thomas Donohue, was caught by a bystander and police protected him after rough treatment. Police declined to discuss details and warned witnesses not to talk to the press.
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Joseph Numair
Washington Street
Thomas Donohue
Willis Avenue
Numair
Kimme
New York
East Fifteenth Street
Stephen
Otner
Eee
José Jori
Hotel American
Fourteenth Street
Elias Rukos
Ry Foder
Joseph Shanny
Joseph Orababy
Affad Kawaja
Donohue
Aven
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