Bank of England Cuts Discount Rate Shocks Markets
London reports the Bank of England lowers the discount rate from 4 1/2 to 4 percent, surprising investors. Stock markets rally in first class issues with government bonds rising 3-8 to 1-2 percent while French bonds gain on debt fund negotiations in Washington. The move is credited to money liquidity and prior rate weakness, with Treasury bills issued at low yields despite gold inflows.
MENTIONED IN THIS ARTICLE
London
Bank of England
Stock Exchange
Washington
Treasury
Autumn currency moves shake traders despite ample American commodities
The fall reduction in Britain's discount rate to four percent creates confusion in New York as traders weigh possible effects on US rediscount policy. Bankers recall earlier money-flow from Britain and debate whether a New York rate rise will follow despite abundant grain, cotton, and other goods.
MENTIONED IN THIS ARTICLE
New York
Bank of England
Financial District
Federal Reserve
United States
Federal Judge Supports Light Wines amid Volstead Enforcement
Federal Judge Wm. J. Sheppard of Florida, now presiding in New York, favors legalizing light wine and beer due to difficulties enforcing Prohibition under the Volstead act.
MENTIONED IN THIS ARTICLE
New York
Wm. J. Sheppard
Florida
Columbus Colonel elected national commander of war veterans
Colonel Carmt Thompson of Columbus Ohio was elected commander in chief of the United war veterans on the second ballot. He won 441 votes, with General Harvey Hannah of Tennessee tallying 326 and remaining contenders including KR Flynn of Massachusetts noted.
Bold Bandit Robs Train in Omaha Narrow Escape
A lone masked robber on Missouri Pacific train No. 107 near Omaha last night escaped with under 100 dollars after threatening a porter and passengers. The bandit, blue denim attire and white handkerchief mask, fired shots during the heist and fled as the train halted. No trace found today. authorities seek clues.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Missouri Pacific
Detective Fires At Bandit During Night Chase
A detective watching maneuvers from another coach hesitated to shoot to avoid hitting bystanders. He halted the bandit, then fired two shots as the suspect fled, returning fire and escaping into darkness.
Palmer Stripped of Power as Head Shipping Board
The fleet corporation powers granted last year by President Coolidge are withdrawn, returning authority toward cabinet control. A referee will study action recommendations as the board and president continue their dispute. Several commissioners supported stripping Palmer, while two were absent.
MENTIONED IN THIS ARTICLE
Washington
Fleet Corporation
Coolidge
Va'mor
Mer
H. G. Dalton
Cleveland
Palmer
Benson, Haney
Schmmer
Thompson
O'Connor
Lissner and
Hill
Two Memorials for Woodrow Wilson
The National Woodrow Wilson Memorial Association launched a drive to raise 5.5 million dollars to build memorials for Woodrow Wilson in Washington and at Princeton University. Washington’s project envisions an educational institute named Woodrow Wilson Memorial University on the city’s outskirts, with a committee including Senator Copeland, Secretary Wilbur, Governor Erikson, Gourney A. McMullen, Dr. David Starr Jordan, William Green, and Governor Solbrook among others.
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
Gourney A. McMullen
Nebraska
David Starr Jordan
Leland Stanford University
William Green
American Televation of Labor
Charles Solbrook
Oregon
Frontline Advances by Franco Spanish Forces Reach Adrar Abdd El Krim
Reports from Morocco’s dsulane region say Franco Spanish troops aided by French and Spanish air units push toward Ajadir base of Abd El Krim. Riffian resistance wanes as operations extend north of Kifane. Pilot killed in action as Reginald Kahn of Le Temps is felled near staff HQ. An official communique notes gains up to Monte Palomay and Adrar Sed dun heights.
MENTIONED IN THIS ARTICLE
Voz
Frenen
Morocco
Dsulane
Ajadir
Abd-El-lyrim
Abd el Krim
Tetuan
Ain Aicha
Kifane
Reginald Kahn
le Temps
Paris
Naulin
Madrid
Oet. 1
Alhucemas Bay
Monte Palomay
Adrar
Seddun
Adjir-Abd-El- Krim
Kidnaping Fear Grips Chicago As Police Seek Mary
In Chicago Mary 12, daughter of Pat Rothe a federal agent, and 10 year old Mary Lyons vanish after leaving to shop with Roche family friend. Police hunt for clues as Francis Lyons reports they planned to go to a store for a lady.
MENTIONED IN THIS ARTICLE
Chicago
Mary
Pat Rothe
Federal Secret Service
Mary Lyons
Roche
Francis Lyons
Kitty Gilhooley
William Gray
Tallest hotel building planned on Fifth Avenue site
The New York Evening Post reports a 56 story transit and apartment hotel to rise on the former Vanderbilt estate at Fifty seventh Street and Fifth Avenue. The project, costing nearly 25 million dollars, would become the world’s tallest hotel.
MENTIONED IN THIS ARTICLE
New York
Cort Neling Vanderbilt
Fifty-Seventh A Street
Fifth Avenue
New York Evening Post
Closs
Migratory Workers to Meet in Denver
Denver hosts the national convention of migratory workers to be held November 11. Janica Bades of St. Louis funds refreshments and bunks for unemployed visitors who sleep in the open, with warm fire, coffee and doughnuts supplied.
MENTIONED IN THIS ARTICLE
Chicago
Janica Badesone
St. Louis
Ae Oars
Howe Terri Ther
Denver
Radio Dart Chicago Night Duet Draws Five Miles Apart
A radio program linked a violinist and pianist in a four part duet performed despite five miles separating them. The late night broadcast connected musicians across distances via the airwaves and showcased coordinated piano violin harmony.
MENTIONED IN THIS ARTICLE
Radio Dart
Chicago
Ada
Arene Radio Oar
Mation
Turks Called Four Classes to Colors Amid Mosul Tensions
London officials see no Turkey policy shift in Constantinople report that four recruitment classes were called up. They say it aligns with frontier defense, not Mosul, while unofficial observers warn the move could be a bluff to pressure a settlement as British fleet maneuvers smooth Mediterranean waters.
MENTIONED IN THIS ARTICLE
London
Constantinople
Turkey
Mosu
Caus
Mosul
Mediterranean
London Report Predicts No Clash of Arms
Despatches note consensus in all quarters that no immediate danger of armed confrontation exists despite tensions involving Turkey and regional security concerns.
MENTIONED IN THIS ARTICLE
London
Also Mentioned on This Page
London Exchange
Bold Bandit
Ni Porter
T (P
Bérian
Stinnes
Ases
Housewives
Petersen Furniture CO
Woodrow Wilson
Frenia
Seattle
Wash
Great Northern Railway
St. Paul
Japan
Atlantic Coast
Great Northern
Eer Monthly
Ai Sour
Tribune
Thor
America
Idaho Power Service
Thot
Idaho Power Company
Electric Shop
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