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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 29, 1930
Page
24
By B C Forbes argues that widespread ownership of securities has surged. He notes broad public interest in stock and bond markets, promising that the next big market surge could rival past rises, with many portfolios exposed to gains or losses as speculation intensifies.
By J. W. Irving, the article notes slight concessions in scrap prices lowering quotations but keeping them near last year’s level. It explains scrap cost forecast affects finished steel pricing, while forecasting is limited by industry foreknowledge and delayed purchasing. It urges readers to file chart data for reference.
The article discusses investment author W. Woodward's praise for V. U. Besns and quality stocks. It argues that durable American enterprises will command high prices as the nation grows, urging buyers to favor strong, well-managed firms like Southern Pacific, New York Central, Santa Fe, Liggett & Myers, and General Electric, stressing the balance of risk and reward in selecting top-tier shares. It notes that long-standing, solid companies may reach peak prices, while cheap stocks offer less safety and return.
SHANGNAT April 29 News reports say two American Catholic priests from the St Columbus mission in Nel were shot by bandits after looting a prosperous Hupeh province city on the Han river around 50 miles from Hankow. Father Francis Murray and Father Patrick Sassan are named among the slain. Other missionaries reportedly escaped.
In Nouston on April 16 a collision near the street left 18 year old Wendy May gravely injured after Hay, a grocer, ran into traffic while playing with children. Hospital staff reported the youth in grave condition.
Two advertisements appeared in a Japanese trade paper offering cocaine and crystal meth supplies. One ad claimed supply up to 1000 tons, billed as Roebringer's brand, with per ounce pricing and 250% tins. A Washington report notes the global demand and east coast circulation of cocaine. Albania welcomes new U.S. minister Ferman Bernstein, who presented credentials to King Zog in a formal ceremony.
New York April trial of a million dollar slander suit involves Ly Mune and Andree Hahn of Paris against art expert Jochen Duveen over a painting alleged to be Leonardo da Vinci. The dispute concerns validity and attribution. The trial timetable runs from May 1 to October as parties seek agreement after a first trial ended in disagreement.
In New York on April 20 Henry Burttla ordered fifty three constricta snakes from South America. The captain asserted first production of phase 52 snakes and noted forty seven were born or mated. The exchange hints at an unusual shipment and a rousing directive to wake them all.
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