Wall Street Sees Wild Selloff After War News
Turbulent opening on the New York Stock Exchange as Germanys submarine announcement triggers heavy liquidation. United States Steel falls below par, International Mercantile Marine suffers steep losses, while Bethlehem Steel and Utah Copper swing with rapid rally attempts and widespread selling.
MENTIONED IN THIS ARTICLE
Associated Press
New York
New York Exchange
Germany
United States Steel
International Mercantile Marine Josses
Preferred
Marine Preferred
Bethlehem Steel
Steel
Utah Copper
United Fruit
Pittsburgh Coal
Columbia Gas
United Kingdom
Paris
Wheat Steals The Show In Chicago Market Opening
Chicago February 1 The wheat market opened with extreme declines of 15 to 18 cents driven by the German note as corn oats and provisions also slumped. May wheat fell from week-ago closes to opening bids from 163 to 156 and July wheat opened 140 to 138 amid heavy short covering and renewed volatility.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Maylard
Cotton futures plunge in New Orleans opening
The May position dropped 16 points at the opening, settling around 4 cents per pound, down from 17.24 last night. It marked the largest over night loss in cotton market history as prices slid further to 13 cents after ten minutes.
MENTIONED IN THIS ARTICLE
New Orleans
Immigration bill to pass despite presidential veto
Washington reports that Rep John Burnett chairs the Immigration Committee and expects passage of the literacy test bill over President Roosevelt's veto. House support stood 307 to 87 and Senate 64 to 7. Burnett claims no wavering among House members and indicates a sustained two-thirds margin is attainable.
MENTIONED IN THIS ARTICLE
George H. Manning
Washington, D. C
John Burnett
Immigration Committee
Congress
House
Burnett
Senate
Education bills killed as lawmakers push local self government
The legislature reported all education bills killed, while the House and Senate debated new measures. Speaker Murphy backed a solitary bill creating local self government via municipal referendums. Other actions included penalties for pistol possession, primaries proposals, county tax and education board appointments, and various amendments to Revisal laws.
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Edly
Murphy
Pegram
Durham
Senate
Massey
Christian Church
Anti-Saloon League
Stimson
Yadkin County
Horne
Anson County
Wright
Guilford
Slinton
Cates
Shaw
Board of Education
Scotland County
Rankin
Gaston
Cleveland
Barnes
North Carolina
McRary
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Wilson
Raleigh
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S. E. Mercer
Gardner
Jones
Everett
Williams
Parker
Gooch
Robeson Recorder’s Court
Robeson
Nelson
Avery
Caldwell
Watauga
Bunn
Ray
Cotton Market Turmoil Bets Down Futures in New York
Gedham Cotton Falls reports a dramatic futures market day with Gall futures plunging 373 points under heavy selling. May contracts dropped from 17 cents to 15.30 amid rapid swings and brief recoveries, as shorts covered and buyers returned briefly before further declines.
MENTIONED IN THIS ARTICLE
Gedtham Cotton Falls
New York
Boston Shipping Not Restricted by Neutrality Watch
Associated Press reports no move to curb port shipping in Boston amid German note tensions. Deputy collector Eli Perry said no orders changed existing rules. Several German and Austrian vessels remain docked while destroyers and the private Dreamer patrol the harbor.
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Associated Press
Boston
Mass
Eli Perry
Navy Yard
Erny
Amerika
Cincinnati
Kronprinzessin Cecilie
Koln
Wittekind
Okenfels
Europe
Mercian
Liverpool
Sardinian
Glasgow
Lord Cromer
Borinquen
Fowey
Bay Cross
Havre
Break With Kaiser Seems Inevitable
A deteriorating alliance portends a final rupture as rivals prepare for a high stakes showdown tonight with Sub forces in focus.
MENTIONED IN THIS ARTICLE
Kaiser
German submarine blockade plan and Allied reactions
The piece discusses Germany's announced plan to starve Britain with a submarine fleet estimated at 300 to 500 boats within 60 days. U S officials doubt the campaign reveals the full strategy and note possible wider war effects and tensions among Allies. The Berlin embassy's confident tone sparks concern over potential broader actions.
MENTIONED IN THIS ARTICLE
Berlin
Peaceful Costa Rica Names Tinoco Cabinet in 1913
San Jose reports peace remains undisturbed after the deposition of President Gonzales. The provisional government of Federico Tinoco receives bank support and has appointed ministers for Foreign Affairs Carlos Lara War and Navy J J Tinoco Public Works Juan B Quiroz Finance Oscar Rohress er Interior Amadeo Johanning Public Instruction R Brenes Mes en. A decree calls for an April 1 election for a congress meeting May 1 to draft a new constitution.
MENTIONED IN THIS ARTICLE
Associated Press
San Jose
Costa Ric
Gonzales
Federico Tinoco
Carlos Lara
J. J. Tinoco
Juan B. Quiroz
Oscar Rohresser
Amadeo Johanning
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Waltham
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