Reduction of Bank of England Discount Rate Surprises Markets
London notes the Bank of England cuts its discount rate from 4.5 to 4 percent. Stocks rise across British government issues and other sectors while French bonds gain as debt fund negotiations in Washington progress. The move reflects abundant money supply and prior rate weakening, with Treasury bills issued at low yields and gold inflows influencing policy.
MENTIONED IN THIS ARTICLE
London
Bank of England
Stock Exchange
Washington
Treasury
Autumn shift in exchange rates alarms traders
The article notes that a fall in the Bank of England discount rate to four percent causes confusion among financiers about possible changes in the U S rediscount rate. Some see the British rate cut as a corrective signal while others recall prior flows of money from Britain to the United States that checked earlier talk of a U S rate increase.
MENTIONED IN THIS ARTICLE
New York
Bank of England
Financial District
Federal Reserve
United States
Federal Judge Backs Lighter Wines in Volstead Case
New York Oct 1 Federal Judge William Sheppard sitting in Florida favors light wine and beer citing enforcement difficulties of the Volstead Act.
MENTIONED IN THIS ARTICLE
New York
Wm.it. Sheppard
Florida
Columbus officer elected chief of U S war veterans
St Petersburg dispatch reports Col Carmi ormpnon of Columbus Ohio won the second slot as commander in chief of the United States war veterans with 441 votes. General Harvey Tlannah of Tennessee received 326 and Flynn of Massachusetts trailed.
MENTIONED IN THIS ARTICLE
St. Petersburg
Fla
Carmi Ormpnon
Columbus
Ohio
United Nish War Veterfana
Harvey Tlannah
Tennessee
KR. Flynn
Massachusetts
Bold Bandit Robs Train in Omaha Narrow Escape
A masked bandit on Missouri Pacific train No 107 robbed passengers near Omaha, taking under 100 dollars after forcing a porter to assist. He wore blue denim, used two revolvers, and fled as the train halted. a rail port detective aboard exchanged shots with him, but no trace found.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Missouri Pacific
Rairoad Yard
Rter
Pasenger
Detective Fires Twice as Bandit Escapes Under Darkness
A detective watching maneuvers from a nearby coach fired two guns at a bandit who fled into darkness after returning fire. The officer hesitated earlier to shoot to avoid hitting passengers on board.
Palmer Stripped of Power as Head Shipping Board
Washington Oct 1 AP The fleet corporation received broad powers last year under Coolidge but these powers were withdrawn by the Shipping Board. Palmer's authority is reduced as resolutions rescind extensive administrative powers, reverting him toward a traditional employee role. A board and president row prompted a cooling of relations with a referee appointed to advise action.
MENTIONED IN THIS ARTICLE
Washington
Fleet Corporation
Coolidge
Shipping Board
Pamir
Presidnt
H. G. Dalton
Cleveland
Palmer
Benson, Haney, Pammer
Thompson
Memorial drive aims to raise five and a half million for Woodrow Wilson memorials
A national Woodrow Wilson memorial association launched a campaign to fund 5.5 million dollars for two memorials to the late president in Washington and at Princeton University. The Washington site would host the Woodrow Wilson Memorial University on the city outskirts. A committee led by Senators Copeland and others in high office directs the drive.
MENTIONED IN THIS ARTICLE
Washington
National Woodrow Wilson Memorial Association
Princeton University
National Capital
Woodrow Wilson Memorial University
Copeland
New York
Wilbur
J. Erikson
Montana
Govrnor A. McMullen
Nebraska
David Starr Jordan
Leland
Advances Made Against Rifflands in French Morocco War
French and Spanish forces tighten pushes in the Rif region around Ajdir and Abd El Krim's base. A French pilot was killed yesterday as fighting widened. An official communique says several objectives were taken and lines extended twelve miles north of Kifane. Reginald Kahn, Le Temps correspondent, was killed at staff headquarters in Paris.
MENTIONED IN THIS ARTICLE
French Morocco
Tot Bulane
Ajdir
Abd-El-inrim
Itfian
Abd el Krim
Etuan
Dungee
Jem
Ain Aicha
Kifane
Reginald Kahn
le Temps
Paris
Naulin
Kidnapped daughter of federal agent feared in Chicago
Chicago dispatch reports 12 year old Mary Roche, daughter of Pat Roche of the federal secret service, and 10 year old Mary Lyons missing after a playdate. Police seek trace as family members recall their last sighting when they planned to visit a store for a lady. Previously Roche had notable narcotics case successes.
MENTIONED IN THIS ARTICLE
Chicago
Mary
Pat Roche
Federal Secret Service
Mary Lyons
Roche
Francis Lyons
Kitty Gilhooley
William Gray
Migratory Workers to Meet in Denver
Chicago dispatch reports Janes Eades Howe the St. Louis millionaire will fund a national gathering of migratory workers in Denver in November. The convention aims to provide warm fire side spaces coffee and doughnuts for unemployed attendees and favors open sleeping areas for delegates.
MENTIONED IN THIS ARTICLE
Chicago
Janes Eades Howe
St. Louis
Hobo
Migratory Workers
Howe
Newver
Turks Making Armed Gesture Alarm In London News
In Constantinople four classes of recruits are called to the colors as Britain sees Turkish policy as frontier defense. Officials deny links to the Mosul dispute while unofficial observers call it a gesture to prompt a favorable settlement. Some think British fleet maneuvers in Eastern Mediterranean waters tie in.
MENTIONED IN THIS ARTICLE
London
Sch. 1
Constantinople
Turkey
Mosu
Caus
Mosul
Mediterranean
London Guards Report Calm Amid Turkish Hand Crisis
Across all London quarters there is a consensus that no armed clash is imminent as authorities monitor tensions involving Turkish interests. Officials urge restraint while preparing contingency plans for any potential disturbances or protests.
MENTIONED IN THIS ARTICLE
Seall
London
Also Mentioned on This Page
Is Fe
Veterans’ Commander
Bold Bandit
N Porter
Bériin
Stinnes Interesta
Housewives
Woodrow Wilson
Pietoy
Spain
Madrid
Alhucemas Bay
Monte Palomas
Adrar
Seddun
Adjir-Abd EkKrim
Seattle
Wash
Great Northern Railway
St. Paul
Japan
Atlantic Coast
Great Northern
Cort Neling Vanderbilt
Fifty-Seventh Street
Fifth Avenue
New York Evening Post
Closs
Denver
Tribune
America
Thor
Idaho Power Service
Thot
Idaho Power Company
Electric Shop
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