Market Panic Clips Brain PRs and BYU
The report notes a panic in Brain PRs pegged by BYU with many issues showing sharp gains after a weak spell. Col ton was up slightly while wheat in Winnipeg spiked then recovered about half its rise. Exchanges plan noon openings and 3 p.m. closings starting Monday, trimming ten hours of trading. observers anticipate a possible government investigation into the market collapse.
MENTIONED IN THIS ARTICLE
Colton
Winnipeg
Canada
Stoek Exchange
Othier
Cinse
Ferdinand Pecota
Fluctuation Limited for wild stock exchange officials Monday
Pecora counsels the Senate finance committee investigating financial practices stated the meeting was called in view of conditions on the New York stock exchange and similar bodies nationwide. Trading remained active with a two hour session totaling 4 240 000 shares the largest Saturday volume since May 27 1933 and the third Saturday in history over 4 000 000 shares. For one week turnover reached 42 030 000 shares the largest since the November panic week of 1929. The Agriculture Department approved reopening the Chicago Board of Trade on Monday with Thursday's closing grain prices as a minimum below which no trading will be allowed further notice. Fluctuations for a single day in wheat must stay within a five cent limit. The stock exchange decision to remain closed mornings came before the market opened. The market absorbed heavy offerings after Friday's price crack with some gains in many issues. Cotton and commodities sagged as wheat futures in Winnipeg fell. wheat closed off several cents per bushel in Chicago futures remained closed. The dollar stayed relatively stable as the collapse of the speculative boom inspired new faith in the dollar.
MENTIONED IN THIS ARTICLE
Wild Stock Exchange
Pecora
Sen Fle
New York Stock Exchange
Stock Exchange
Department of Agriculture
Chicago Board of Trade
Widnipeg
Chicago
Chicago Board
Ler
Board of Trade
Exchange
Wallace
Washington
Peter B. Garey
Minimum Prices for Grains Set
CHICAGO July 22 Directors of the Chicago board of trade set minimum prices for wheat corn oats and rye pegged to last Thursday s close and limited price moves for barley The action aims to curb wild market swings and protect farmers while shortening trading hours and adjusting schedules with the New York market Secretary Wallace approved the measure amid volatile grain prices and a buzz of urgency from brokers and farmers alike
Mussolini Takes Over War Ministry Post
In Rome in July Mussolini assumes the war minister portfolio forming a new defense ministry headed by the premier. General Italo Balbo is named to command the aerial force as part of a restructured cabinet, with Balbo rumored to receive high rank and authority.
MENTIONED IN THIS ARTICLE
Mussolini
Rome
Mussolini Ladey
Wer
Universal Service
Ank Duce
Defense
Iis Head
Italo Balbo
Alr Min- Aker
Bernald Branch
Benlad Wis
Aecording
Mattern Plans Flight From Nome Back to U S
Nome, Alaska July 2. Flier Mattern, who crashed in Siberia, seeks to return to the United States aided by a Soviet rescue expedition led by William Alexander of New York. He yesterday renewed acquaintances and discussed arrangements with refueling pilots and associates as Wiley Post's progress is noted.
MENTIONED IN THIS ARTICLE
Nome
Alaska
Siberia
Bla
William Alexander
New York
United Statvee
Jarne Statile
Wiley Post
Deer Collision Wounds Three Near Iron Mountain
A deer leaped onto U S Highway 42 near Iron Mountain causing a car driven by William Mennan of Chicago to strike it. Passengers Monroe Nikwith and Mrs. EO Carrson sustained minor injuries while the driver’s companion escaped unhurt. The deer suffered fatal injuries.
MENTIONED IN THIS ARTICLE
Iron Mountain
Mick
Lewes
Ofne Woods
Lore
William Mennan
Chicago
Monroe
Nik With
Eo, Carrson
Poor Boy Becomes Famous in London Appointment
The report notes the rise of a man from modest means to fame after being named head of a major passenger transport board in New London. The appointment carries an annual salary of seventy thousand dollars, reflecting a significant career advancement and public responsibility. Facts remain sparse due to OCR issues, but the core event is the appointment to oversee transit operations and the substantial remuneration.
Pastor Held In Auto Death Near Garrett Park
Rev. Thomas D. Windlate rector of Grace Episcopal Church Kensington Md was arrested by Maryland police for failing to report a May 30 automobile accident in which Mrs Susan H Walker 53 editor of Daily Digest agriculture department was fatally injured. He posted bond to appear in Rockville court and was driving the car at the time near Garrett Park Md.
MENTIONED IN THIS ARTICLE
Washington, D. C
Thomas D. Windlate
Grace Episcopal
Windvile
Pilice
Walker
Daily Digest
Agriculure
Hwibication
Was & Passenger
Garrett Park
Man Lives to 72 on Milk Whiskey
London July 22. For 15 years Charis Edward Booth, 73, lived on milk and whiskey. An inquest heard he could not take solid food. a nephew said he drank about three quarts of milk and a half bottle of whiskey daily. The coroner noted the paradox and returned a verdict of death from natural causes.
MENTIONED IN THIS ARTICLE
London
Charis Edward Booth
Holmdene Avenus
Booth
State Wins Against Texas Gulf Sulphur Company
In Sulphur Springs a district court awarded the State $54,412 after judgment for additional gross production taxes from January 4, 1824, to March 31, 4230. Judge J D Moore found the market price for surplus when tax was due at $1452 per ton and added 2 percent on $1.52 per ton for 1,789,340 tons produced.
MENTIONED IN THIS ARTICLE
Austin
CNB
Texas Gulf Su Phyr
Forday
J. D. Moore
Auctioneers Make Bad Bridge Players
On the authority of Sir Harald Bellman a prominent real estate executive auctioneers are warned to avoid bridge games. He claims an auctioneer cannot restrain his bids, potentially worsening every move by his opponent. In Cotulla a man was killed by a train, Jesus Gorizales, 38, struck and killed in the city.
MENTIONED IN THIS ARTICLE
London
Harald Bellman
Parker
Bellman
Cotulla
Jesus Gorizales
Smith
Also Mentioned on This Page
BYU
Close
Bs Ad Ae Iheena
Shin Temperatures
Vivaudou, Inc
Properteria
eCope Riche Praviiage
Marie Fine
Property Exchange OF
Homes Apartments Stores Farms Panches Business
Peijee
Innet
Dpamee
SHI
Mattern
U.S
Lord Ash- Hedgie
Forth Ayo
Atkin & Week
Detroit
Bern
Coteman
New London Passenger Transport
Mbm
Arven Grarn
Tokio
Kony Ford
America
Ecaonomy
Ford
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