Morgan Favors Seen as Street Grasp on Wall Street
New York May 26 The broadside charges by broadan w all against J P Morgan and company claim the firm arranged to buy large blocks of new securities at cut prices and then inform influential clients they could buy at below market value. Senators probe the practice as Pecora digs into Morgan records.
MENTIONED IN THIS ARTICLE
Broadan
New York
J. P. Morgan and Company
Wall
Wasp
Morgan Dist
Morgan and Company
Rockbottom
Stock Exchange
Morgan's
Morgan
Alleghany Corporation
John J. Raskob
Newton D. Baker
William G. McAdoo
Coolidge
Charles Francis Adams
Charles 0. Hikes
Norman H. Davis
C. N. Buss
Joseph R. Nutt
the Treasury
William H. Woodin
R. B. Mellon
Andrew W. Mellon
Canada Gains in Canal Traffic
May 28 Toronto report notes improved canal traffic boosting Niagara vessels and lake routes. Toronto benefits from interlake movement with estimated savings around 400,000 for the season. Port traffic totals show imports about 2.42 million tons and exports near 1.71 million tons, reflecting shifts in canal use.
MENTIONED IN THIS ARTICLE
Toronto
Niagara
Lake Huron
Lake
Damon J. Wands
Lake On
Tevin
Treiett
Pt Larolo
Debts and Morgan Probe Discussed at Hearing
The hearing profit and deposit practices at Morgan and company were probed as Whitney testified that Morgan held large deposits from bonds tied to Marland Oil. The inquiry paused until next Wednesday as Morgan partners may return home. James Roosevelt urged public opinion to push reform while Senator Glass questioned the committee’s handling and Pecora’s role.
MENTIONED IN THIS ARTICLE
Whitney
Oklahaman
Morgan Company
Marland Oil Company
E. C. Marland
Oklahoma
Marland
L Fetora
Morgan Partners
Weary war veteran denied in Ninetyfourth District divorce
William A Wiley was denied a contested divorce from Mrs Noreen Wiley by a jury in Ninetyfourth District court. He testified he married in 1931 and left in 1932 due to alleged nagging. Mrs Wiley denied nagging but admitted accusing him of infidelity after he stayed out late and was seen at a woman's apartment.
MENTIONED IN THIS ARTICLE
William A. Wiley
Noreen Wiley
Ninetyfourth
Wiley
Kingsbury
Ley
Lie
End of Farm Board Marks Hoover Era Policy Change
The farm board, once a central lifeline for agriculture at the start of the Hoover administration, ceases to exist today signaling a major policy shift and restructuring of farm support programs.
MENTIONED IN THIS ARTICLE
Washington, D. C
The
Farm Board
New Banking Bill Expected Soon in Congress
Washington May 28 Democratic congressional readers said an important administration banking bill would be introduced shortly for consideration this session. House Banking Chair Steagall hinted at a major announcement while Speaker Ratney was informed. legislation reportedly follows disclosures in the Senate probe of J. P. Morgen and Company. The Senate passed a Glass reform bill yesterday. the House has approved a Blaggall measure, with conference to resolve differences ahead.
MENTIONED IN THIS ARTICLE
James Roosevelt
New England
Morgan
England
Washington, D. C
Congress
Steagall
House Banking Committee
Jeter Tn
Ratney
Mmske
Senate Banking Committee
J. P. Morgen and Company
Senate
House
Blaggall
Danish Home for Aged Dedicated in Racine Wisconsin
A Danish home for the aged sponsored by the Danish Old People's Home association was dedicated in Racine this month. Renovations used materials donated by Danish residents of Racine, converting the former mayor M. M. Secor residence for the facility.
MENTIONED IN THIS ARTICLE
Wisconsin
Racine
Wis
Old People's Home Association
Jebor
Iato
M. M. Secor
Dal'sh
Fracine
Move Started in Senate To Demand Woodin Ouster
A Senate inquiry into William H Woodin reveals he bought Morgan offered stock at below market prices and took three other issues on favorable terms. The push for his resignation is led by Senators Borah and Wheeler as bipartisan reaction grows over the alleged Morgan favors.
MENTIONED IN THIS ARTICLE
Senate
Woodin
Senate Banking Anduurrency Committee
House of Morgan
Borah
Idaho
Wheeler
Montana
Roosevelt
Morgan
Judge rules 3.2 beer non intoxicating in Albuquerque
In Albuquerque on May 26 District Judge Milton J. Helmick ruled 3.2 beer non intoxicating, striking down state law defining it as intoxicating. Ham of Albuquerque faced charges for possessing and selling the beverage amid a mill age of legal tests to determine authority over 3.2 beer sales.
MENTIONED IN THIS ARTICLE
Albuquerque
N. M
Milton J. Helmick
Fred E. Kh
Ham
Helmick
Supreme Court
Beer Barges Beat Virginia Dry Law
Beer barges off Belvidere beach near Frederickburg plan to skirt Virginia dry law by anchoring outside the one mile limit. Promoters convert decks into beer gardens and intend to shuttle fast speedboats from the Virginia shore to serve residents of the Old Dominion.
MENTIONED IN THIS ARTICLE
Virginia
Frederick Sburg
Belvidere Beach
Virgina
Old Dominion
Oregon Libraries Get New Business
Unemployment and increased income were linked to higher reading activity in Oregon. Reports from 120 libraries show 61,147,835 volumes circulated in 1992, up 1,380,107 from 1929 when prosperity was high, reflecting a rebound in library use statewide.
MENTIONED IN THIS ARTICLE
Oregon
Portland
Cre
Bomb Hits Cuban Police Captain Residence in Havana Suburb
A bomb exploded near the door of Municipal Police Captain Lino Lomo in Cienfuegos Santa Clara Province Cuba shortly after midnight May 26 causing sidewalk and porch damage.
MENTIONED IN THIS ARTICLE
Cienfufgos
Santa Clara Province
Cuba
Lino Lomo
Means Whitaker Given Sentences
In Washington on May 26 7 Gaston B Means and Norman T Whitaker were sentenced to two years in jail for conspiracy to defraud Mrs Evalyn Walsh McLean of 35000 in a Lindbergh baby hoax.
Talk Stops Bandit in New York Shooting Incident
Edith Carey an elevated railway ticket agent in New York talked loudly during a robbery attempt. The suspect, who pointed a gun and demanded money, fled in disgust after her outburst. Police pursued and arrested him. Ads call for weekend editions and ad writer contact.
MENTIONED IN THIS ARTICLE
New York
INS
Edith Carey
Miss Carey
New Senator Thompson Sworn In From Nebraska Seat
William N. Thompson, former Nebraska supreme court member, was sworn as the new Democratic senator from Nebraska today. He succeeds the late Robert B. Howell and was appointed by Governor Charles W. Bryan to serve until January 1994.
MENTIONED IN THIS ARTICLE
Washington, D. C
William N. Thompson
Supreme Court of Nebraska
Robert B. Howell
Thompson
Charles W. Bryan
Customs Office May Feel Knife
Representative Burke of Nebraska said the treasury department informed him the economy program will close all Finland customs offices on July 1 except Chicago. He estimated this would save about $600,000 annually.
MENTIONED IN THIS ARTICLE
Washinuion, LLC
Burke
Democrat
Nebraska
Treasury Department
Chicago
Texas House kills school age bill raising minimum age
The Texas House voted 79 to 2 to strike out the enacting clause on a Senate bill to raise the minimum school age from 6 to 7 years. Also mentions exceptional furniture values in Light Classified Miscellaneous listings today.
MENTIONED IN THIS ARTICLE
Austin
Senate
New Gas Rates Fixed Planned by Texas Commission
FORT WORTH May 26 In a move affecting about 250 Texas municipalities the Lone Star Gas Company may have its domestic gas rates fixed by the Texas railroad commission around August 1 Ernest O Thompson a member of the commission said today The action would determine selling prices to distributing systems across the state and set new terms for consumer supply
MENTIONED IN THIS ARTICLE
Fort Worth
Lone Star Gas Company
Texas
Ikely
Texas Railroad Commission
Ernest O. Thompson
Commission
Also Mentioned on This Page
Street Gasps
Wall Street
Baker
Allegheny Corporation
J. P. Mogan and Company
Senate Finance Committee
Ferdinand Pecora
Canada
Boston
Glass
Wdemocrat
Mian Loe
Broadway
Fifth Street
William H Woodin
New York City
New Onfoant
Arcata Eames Eaule
Pere Ato
Mealy
Berth
Haltimore Buffalo
Milell
Hiltslargh Curmiittt
Init
Inih
Dally
Daly Doe
Retuen
East Commerce St
Customs Office
Joske
Joskes
Hollywood
Desire's Bargain Basement
Joske's
San Antonio
Dunkeln Harzain Hasement
Jnens Iy
Tonke
Baxtem
Janice
Oak
Terentia
Rayon Sox
Coe
Howe
Matrealn Dheaiant
Tg Tan
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