Market Declines Mark a Weak Week in Trading
A jumble of market notes shows declines across several indexes and sectors. Traders note abrupt drops in multiple stocks, with Friday and Thursday sessions signaling continued weakness and lower average prices.
New York Stocks End Lower on Mixed Trade
The New York market closed lower amid a broad mix of results and price moves. Listed names and commodities show varied activity across industries, with notable declines and pockets of resilience in several sectors.
West nomination under Senate Teapot Dome inquiry
The Senate public lands committee opened a public inquiry into Roy O. West for the interior secretary post. Judge witnesses include Hubert Work and William J. Donovar as the body questions West’s handling of protests over Salt Creek oil leases tied to the Teapot Dome scandal. The hearings begin with West as first witness Wednesday.
MENTIONED IN THIS ARTICLE
Rey O. West
Interior
Senate Public Lands Committee
Walsh
United Press
Washington
Roy O. West
West
Hubert Work
republican national committee
William J. Donovar
Freet Hoover
Otis ¥. Glenn
Illinois
Thomas J. Walsh
Teapot Dome
Coolidge
senate
Salt Creek
Harry F.Sinclair
Navy, flood control, and building funds debated by House panel
A House committee discussed large budget needs including 31 million for flood control this year and 12 million for new federal buildings in 1950. The navy was highlighted for sufficient funds to start a cruiser program while agriculture faced an approximate 61 million to 57 million increase to expand research and activities.
MENTIONED IN THIS ARTICLE
navy
congress
Anthony
treasury
supervising architect
agriculture department
Continue To Probe Mystery Of East Side
Police press ongoing inquiry into a reported attack on a young maid at an east side home. Victim confined at St Nicholas hospital, to be questioned again when able. Rumors circulate but no definite details. Chief Wagner returns this week to direct further steps. Patient recovering, no foot amputation required.
MENTIONED IN THIS ARTICLE
east side
St. Nicholas hospital
Walter H. Wagner
Hoover Stops At Antofagasta For A Few Hours
President elect Hoover visits Antofagasta Chile aboard the Maryland for a five hour stop on the South American goodwill voyage. He meets Bolivian Foreign Minister Alberto Palacios and cabinet members and pays tribute to Simon Bolivar. The Maryland then proceeds to Valparaiso and Santiago before continuing toward Buenos Aires.
MENTIONED IN THIS ARTICLE
U.S. S
Maryland
South America
Hoover
Antofagasta
Chile
Bolivia
Alberto Palacios
George Washington
Chacapuco
Valparaiso
Mr. Hoover
Santiago
capital
Andes
Buenos Aires
Governor-Elect Kohler Attends Gridiron Dinner in DC
Governor-elect Walter J. Kohler is in Washington DC this weekend to attend the Gridiron Dinner of the National Press Club tonight. He left Kohler village yesterday in mourning and plans to return Monday.
MENTIONED IN THIS ARTICLE
Walter J. Kohler
Washington, D. C
National Press club
Kohler
Kohler village
Arrests In Chicago Raid Link Rothstein To Narco Ring
Federal agents uncovered a narcotic cache estimated at 50 000 in an exclusive North Shore Chicago apartment tied to Arnold Rothstein late New York gambler. Two suitcases held nearly 100 ounces of morphine and cocaine with another 50 ounces in a trunk. Mrs June Boyd, a former actress, was arrested during the raid led by William D Allen. Police said the operation stemmed from an investigation of a 2 000 000 stock discovery in New York Chicago. The raid followed surveillance and a midnight tip from Buffalo investigators.
MENTIONED IN THIS ARTICLE
Arnold Rothstein
New York
Chicago
June Boyd
North Shore
Buffalo
William D. Allen
Poisoned deer scare prompts frantic Ashland warnings
Ashland county officials issued urgent warnings after a deer carcass poisoned with strychnine was found hidden in woods near Delta as a wolf lure. Police seek the hunter who stole the bait while an informant refused to name sources.
MENTIONED IN THIS ARTICLE
thv
United Press
Ashland
Wis
Delta
Reed Denies Part In Plager Death
Reed on trial in Rockford Illinois for Vernon Plager’s July death denied all charges during a long cross examination. The state alleges Reed set a dynamite bomb on Plager’s car to remove him so Reed could pursue illicit relations with Mrs. Plager. Reed disputed Mrs. Plager’s testimony claiming his remark referred to their friendship’s end.
MENTIONED IN THIS ARTICLE
Rockford
Ill
Paul Reed
Vernon Plager
Plager
Reed
Green Bay Woman Killed by Truck
Mrs. Leonard Gagnon a 66 year old Green Bay resident was killed when a Christmas tree truck backed from a driveway and collided with another car. Earl Willis who drove the truck was involved in the accident and an inquest is scheduled for Monday.
MENTIONED IN THIS ARTICLE
United Pres
Green Bay
Wis
Leonard Gagnon
upper Michigan
Earl Willis
Oil fever grips Southwest oil towns as wells gush
An Oil fever grips Oklahoma City Wichita and surrounding areas as new gusher wells produce large flows. Royalty buyers flood the countryside while agriculture stalls and property prices surge. Officials foresee tax relief and potential dividends for landowners amid optimism and chaos.
MENTIONED IN THIS ARTICLE
GEORGE D. CRISLEY
United Press
Kansas City
Oklahoma City
Oklahoma
Wichita
Kas
California
Florida
Gunpowder Lab Accident Injures Five at Wisconsin
Ben J. Ames of Sheboygan is among five youths hurt in a university chemistry class mishap. An unauthorized gunpowder experiment caused a mortar explosion. Ames sustained minor injuries while others including John Consigni suffered more serious burns and a lost finger. Several students were present but escaped serious harm.
MENTIONED IN THIS ARTICLE
Ben J. Ames
Sheboygan
University of Wisconsin
United Press
Madison
Harry .xel
Carl avenue
John P. Consigni
Oconamowoc
AneL
n¢r
Consigni
John Reis
Odeboldt
Iowa
Clyde Steveson
Milwaukee
Police Officer Schubert Shot In Chicago Suburb
A Cook County Policeman Ernest Schubert was wounded in the left leg by a bullet in Niles Center on the north side. The assailants fled as the car drove off. The incident came a day after Leroy Gilbert was killed in South Chicago Heights. State's Attorney John Sowanson began his term amid gun violence concerns and promises action against the gunmen. A coroner's jury had criticized local police for a prior shooting of Thomas Scanlon.
MENTIONED IN THIS ARTICLE
Chicago
Leroy Gilbert
Chicago Heights
Ernest Schubert
Schubert
Niles Center
Linge
John A. Sowanson
Cook county
Gilbert
South
Thomas Scanlon
Chicago Heights liquor syndicate linked to police chief slaying
Witnesses at an inquest say Leroy Gilbert police chief of South Chicago Heights was shot in his home Thursday night by hired killers from a liquor syndicate. Coroner Herman Bundensen indicated ongoing investigation and continued coverage on page 19.
MENTIONED IN THIS ARTICLE
United Prose
Chicago
Chicago Heights
Cook county
Leroy Gilbert
Gilbert
Herman WN. Bundensen
Board Resolves to Appeal City Tax Funds Standoff
Sheboygan County votes to appeal a circuit court ruling denying a mandamus to force the city treasurer to return 66 360.50 dollars withheld from county highway tax funds. A spirited board debate cited frustration with Sheboygan's stance and discussed offsetting lost funds from building funds. The resolution to pursue supreme court review was unanimously adopted after discussion among Supervisors Franzen and Gregoire.
MENTIONED IN THIS ARTICLE
Sheboygan
Sheboygan county
supreme court of
state of
Wisconsin
Atty
Charles Voigt
Gerhard Franzen
Random Lake
city of
Franzen
Gregoire
Former Local Boy Dies After Truck Collision
A former Sheboygan boy, George Nauschuetz Jr., 19, died after being struck by a truck in Chicago. He died at a Chicago hospital at 2 a.m. today, with word reaching Clarence Helms of 1921 N Third St. Funeral services are set for Tuesday at 2 p.m. at the Methodist Episcopal church in Sheboygan. He was the son of Rev. and Mrs. G. C. Nauschuetz and survived by his parents and sister Lucille, 7.
MENTIONED IN THIS ARTICLE
George Nauschuetz, Jr
Chicago
Clarence Helms
Third street
Afr
Helms
George Nauschuetz Jr
G. C. Nauschuetz
Lucille
Sheboygan
Methodist Episcopal church
N. Seventh street
Erie avenue
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