Wall Street slumps as war news drags market sharply
On May 21 in New York and other markets, stocks dropped on intensified Allied setbacks and Nazi advances, dragging prices for steel, aircraft, chemicals, and utilities. The market saw heavy turnover, with major rails and techs leading declines while some shares recovered slightly by close.
MENTIONED IN THIS ARTICLE
Wall Street
New York
Giraud
English Channel
U. S. Steel
Bethlehem
Youngstown Sheet
Douglas Aircraft
United Aircraft
Glenn Martin
Boeing
Lockheed
Sperry
General Motors
Chrysler
U. S. Rubber
Allied Chemical
Westinghouse
Dow Chemical
Phillip Morris
Loft
Standard Oil of
N. J
Anaconda
American Smelting
Kennecott, du Pont
Eastman Kodak
J. I. Case
Sears Roebuck
Great Northern
Aluminum of America
Bell Aircraft
Brewster Aero
Jones and Laughlin
E. W. Bliss
Colts Patent Firearms
Pepperell
Niles- Bement Pond
Screen divorce ends marriage of Luise Rainer and Clifford Odets
Luise Rainer, screen actress, and Clifford Odets, New York playwright, divorce in Los Angeles court. The couple wed in 1937 and were granted a divorce decree, with Rainer pictured in the article.
MENTIONED IN THIS ARTICLE
Luise Rainer
Clifford Odets
New York
Los Angeles
Miss Rainer
New York Cotton futures close lower on May 21
Cotton futures fell 24-35, with old contract July at 9.02 and new July 9.23N. October 8.41, December 8.41, January 8.33N, May 8.05N, Middling spot 9.76N for 7/8 inch. N-Nominal.
MENTIONED IN THIS ARTICLE
New York
Galveston and New Orleans Cotton Market Update
Galveston spot cotton held steady at 19 points down and middling 9.37 with 300 sales. New Orleans spot cotton closed steady 19 points lower with middling 9.87 and 834 sales.
MENTIONED IN THIS ARTICLE
Galveston
New Orleans
New York Wool Prices Slip As Demand Eases
New York May 21 wool top futures declined sharply with losses of 50 to 57 points, touching levels last seen in early September last year. Estimated sales reached about 2,000,000 pounds amid Western market weakness and European war developments. Spot tops also fell to lows since September last year with May at 88.0, July 86.4, and Spot standard tops at 94.0.
MENTIONED IN THIS ARTICLE
New York
Roosevelt, Compton urge speedup in shipbuilding drives
President Roosevelt and Navy Secretary Compton push to speed defense work by expanding shifts and civilian staff. The plan aims to add at least 15 000 civilian workers within three months, prefer extra shifts over overtime, and train new helpers and mechanics for current and future orders. A naval conference with top admirals and lawmakers follows.
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Compton
Roosevelt
Senate
House Naval Committee
House
Vinson
White House
Naval Confernee
National Defense
German Forces Near Paris Reported As War Expands
Rome drills and blackouts hint Italy may enter the war while troops guard legations after anti Allied protests. In Paris German armored raids advance toward the coast as crises deepen with Amiens Arras and Abbeville fallen. Paris warns of a possible fall as Hitler eyes London and Paris.
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Peronne-to-Cambrai
English
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Sanford murder trial at Santa Rosa continues
Dr. Sanford's defense rested after Margaret Sanford Cropley testified that the couple had been happy. The case centers on whether he poisoned his wife in 1938 and the subsequent retrial after a state supreme court error. Weighing testimony included Lamb and Holland challenging Mrs. Moore's statements about the alleged poisoning and motives.
MENTIONED IN THIS ARTICLE
John H. Sanford
Santa Rosa
Margaret Sanford Cropley
Ford
Hallie Mae Wilson
Sanford
Tucumcari
Oil production rises across states in latest weekly report
OL PRODUCTION Tulsa Oklahoma May 21. Daily crude oil production in the United States rose by 14,669 barrels to 3,845,683 for the week ended May 18, according to the Oil and Gas Journal. Kansas up 15,850 to 165,200. Oklahoma up 4,050 to 413,975. East Texas up 43 to 396,491. Texas overall up 2,602 to 1,459,989. Louisiana up 1,777 to 300,408. California up 500 to 623,750. eastern fields up 1,900 to 110,600. Rocky Mountain area up 3,580 to 88,220.
MENTIONED IN THIS ARTICLE
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Okla
United States
Gas Journal
Kansas
Oklahoma
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Texas
Louisiana
California
Eastern Fields
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