United States Steel Maintains Preferred Dividends Amid Losses
Despite huge losses and surplus use for dividends and expenses, United States Steel will continue paying dividends on preferred stock. The move signals cautious optimism about a brighter outlook as industry and demand remain weak. A reader credits former Commissioner Louis Roth with a $50,000 city treasury balance, though Burgus notes about $30,000 actual balance after sewer obli gations deduction. The city operates on a budget about $194,000 below last year, with a proposed new budget more than $200,000 under the 1930-31 level.
MENTIONED IN THIS ARTICLE
United States Steel
Steel
Louis Roth
City Treasury
City Hall
Roth
Treasury
Burgus
Drowned German Cadets Trapped at Desks Aboard Niobe
A storm sank the Niobe training ship off Kiel bay trapping sixty nine cadets at their desks in a deck below. Rescue brought thirty seven survivors including the captain and lieutenant aboard the Therese. Survivors reached Kiel in poor clothing and were reported in satisfactory condition.
MENTIONED IN THIS ARTICLE
Kiel
Germany
Kiel Bay
Niobe
Count Felix von Luckner
Holland
Malta
Koenigsberg
Wiker Barracks
Iowa to borrow funds for relief under federal program
Governor Turner chaired a conference with social and government workers from Iowa cities to arrange loans from the Reconstruction Finance Corporation for county poor funds. Discussions covered relief provisions, administration, and ensuring private contributions are not discouraged.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Turner
Reconstruction Finance Corporation
Frank Wilson
Albia
Charles E. Hearst
Iowa Farm Bureau Federation
Roosevelt To Speak In Albany July 30 Opening Campaign Talk
Franklin D. Roosevelt will deliver his first political speech since accepting the Democratic nomination on July 30 in Albany. The informal 7 to 7:30 p.m. address will be broadcast on WEAF NBC and cover the Democratic program.
MENTIONED IN THIS ARTICLE
New York
Franklin D. Roosevelt
Chicago
Albany
Roosevelt
WEAF
NBC
Frank
Jersey City
N. J
Gov
Sea Girt
Middle West
Columbus
Market Prices Continue Rise Across Stocks Bonds and Grains
New York equities and bonds surged on Wednesday as prices surpassed early week highs. Wheat gained over 2 cents a bushel and broad buying pushed up higher grade shares, signaling renewed interest from major market players.
MENTIONED IN THIS ARTICLE
New York
Hoover allocates four Democrats to Relief Corporation board
President Hoover assigns Atlee Pomerene and three other Democrats to the Reconstruction Finance Corporation board, lifting Democrats to four directors while Republicans hold three. Rainey warns the president must bear relief law responsibility if it fails, noting Hoover vetoed the Garner relief bill. Agriculture plans $10 million for agricultural credit bodies to back loans and rediscount notes through federal banks.
MENTIONED IN THIS ARTICLE
Washington
Hoover
House
Reconstruction Finance Corporation
Rainey Ofllinois
White House
Atlee Pomerene
Ohio
Rainey
Pomerene
Garner
Harvey Couch
Pine Bluff
Ark
Jesse Jones
Houston
Texas
Wilson McCarthy
Salt Lake City
Aes
Senate
Federal Reserve System
Woodrow Wilson
Coolidge
Teapot Dome
Elk Hills
Pomerone
Agriculture Department
Canadian National loss sparks debate on rail ownership
The Canadian National railway posted a net loss of 119 million dollars last year. Its head, an American, resigned amid clashes with government officials. The piece notes senators like Brookhart favor government ownership, citing Canada as a possible model, and questions the argument's merit.
MENTIONED IN THIS ARTICLE
Canadian National Railway
Brookhart
Canada
Peter Stuck Named Guardian of Amana Colony Children
The text notes Peter Stuck as secretary of a newly organized guardianship for thirty seven children at the Amana colonies. He is described as likely to grasp the reason for his surname given the large family under his charge.
Stuck Faces Mild Problems With Guardians and Amana Homes
The article notes Mr Stuck may have mild issues amid guardianships. It suggests Amana residents purchasing homes and paying taxes could trigger many corporation shares for sale and few buyers, implying broader corporate consequences.
MENTIONED IN THIS ARTICLE
Stuck
Amana
Baltimore and Ohio President Daniel Willard Impresses Hoover at White House
Daniel Willard leader of the Baltimore and Ohio railroad met with President Hoover at the White House. He had to persuade guards he was not a bonus seeker or a member of the B E F to gain entry. Unclear if B and O engaged the Reconstruction Finance Corporation.
MENTIONED IN THIS ARTICLE
Baltimore and Ohio Railroad
Daniel Willard
Hoover
White House
Executive Mansion
B. and O
Reconstruction Finance Corporation
Wheat magnate in Texas blows up after farm slump
A New York man who sunk his fortune in a 22,000 acre Texas ranch and became the country's largest wheat producer has blown up. The article notesScale farming and economic pressures hit independent agriculturists, with production economies found insufficient to counter the collapse in farm products prices.
MENTIONED IN THIS ARTICLE
Texas
Cedar Valley Times Urges Benton County Levy Reductions
The Cedar Valley Times at Vinton urges the Benton county board of supervisors to eliminate some mandatory levies to achieve real tax cuts. It notes other counties have taken this step without state criticism or penalties.
MENTIONED IN THIS ARTICLE
Cedar Valley Times
Vinton
Benton County Board of Supervisors
the Times
Tax Advice for Linn County from The Times
A Times note argues that many mandatory taxes were legislated without regard to future hardships. It suggests levies are sometimes unnecessary, claiming counties could survive a year or two without them. The piece implies Linn County might consider similar guidance.
MENTIONED IN THIS ARTICLE
the Times
Linn
Iowa Officials Seek Federal Unemployment Relief Quota
JOWANS meet Gov Turner to request Iowa's share of Reconstruction Finance Corp funds for unemployment relief. They affirm no surrender of Hawkeye pride and urge Iowa to seek federal aid if entitled.
MENTIONED IN THIS ARTICLE
Jowans
Illinois chemist trims serum to curb injection fears
Parents of children prone to minor accidents may welcome a University of Illinois scientist who has modified the anti-toxic serum. He removed objectionable portions and cut the risk of serious after effects to a minimum, easing concerns about injections.
MENTIONED IN THIS ARTICLE
Arents
University of Illinois
Curtis Declines Politics Amid Olympic Prep In L A
Vincent Curtis travels to Los Angeles to pinch hit for Mr Hoover in opening the Olympic games while avoiding political talk. Jack Garner engages heavily in political chatter, leaving Curtis to watch from the sidelines.
MENTIONED IN THIS ARTICLE
Fxrooute
Los Angeles
Mr. Hoover
Vincent Curtis
Curtis
Jack Garner
Mary Lackersteen’s Mother Dies After City Fall
Mrs. Jenkin Lloyd Jones died at a Minneapolis hospital Tuesday at 1 30 p m from injuries suffered when she fell July 4 at the Country club during a visit to her daughter Miss Lackersteen. She had directed the Abraham Lincoln center in Chicago and was widow of Dr Mark Henry Lackersteen. She leaves four grandchildren and three children, with services for family only and burial in Minneapolis.
MENTIONED IN THIS ARTICLE
Jenkin Lloyd Jones
Minneapolis
Miss Lackersteen
Jones
Abraham Lincoln Center
Chicago
All Souls Church
Mary Lackersteen
Cost Of Living 20 Percent Less Since June 1929
Washington AP report shows a seven percent drop in living costs from December to June in a labor department study. Food and clothing led declines across categories with overall living costs about three percent lower than June of the prior year, including substantial reductions in food, rent, and furnishings.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Curtis Hands Shakes Portrait of an Unspoken Nomination
Vice president Charles Curtis refused to speak on politics in Omaha but spent 30 minutes greeting about 500 people. He said he would shake hands with every man, woman and child in the crowd before continuing to Los Angeles to open the Olympic games.
MENTIONED IN THIS ARTICLE
Omaha
Charles Curtis
Curtis
Los Angeles
Yeggs Crack 2 Safes In Cedar Rapids
In Cedar Rapids on Tuesday night two safes were cracked at Hatch and Brookman Lumber Co and Home Lumber, with $200 stolen from the Hatch and Brookman office. Investigators found a damaged door, a hidden cash cache located by the owners, and unusual heel prints. the break-in was discovered at 7 am by Homer Hill.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Hatch and Brookman Lumber Company
Eighth Avenue SE
Tome Lumber Company
Sixth Street
Hatch and Brookman
L. O. Hatch
Fifth Avenue SE
Homer Hill
Sixth Avenue SE
Hatch
Man plots insurance loan by suicide in clever life bargain
Hartford officials reveal a policy holder wrote he planned suicide due to finances and offered to live for a loan equal to one third of the policy if the company would pay out later. The insurer refused, citing legal grounds, and urged him to "make a brave fight and buckle down."
MENTIONED IN THIS ARTICLE
Hartford, Conn
INS
Von Schleicher urges arm for Germany to secure defense
General Kurt von Schleicher, Germany's defense minister, warns a government based on bayonets would fall. He calls for army rebuilding despite Versailles limits, endorsing armament and urging mass support from the people to secure Germany, rejecting universal disarmament. He argues only rebuilding the army or disarming others can ensure security.
MENTIONED IN THIS ARTICLE
Berlin
Kurt von Schleicher
Reich
Franz von Papen
von Schleicher
Germany
David Lloyd George
Geneva
United States
Benger
Von
Linn County Won't Seek RF C Loan For Poor Fund
Linn County officials say they will not request a loan from the Reconstruction Finance Corporation unless interest rates are exceptionally low to save money. H Churchill disputes a state attorney general Earl Wisdom who opined counties with overdrawn poor funds could borrow under RF plan.
MENTIONED IN THIS ARTICLE
Iowa
Earl Wisdom
Rewr Peng Oncom Finance Corporation
Cedar Rapids
Linn County Poor Fund
Board of Supervisors
Reconstruction Finance Corporation
H. Churchill
Ole Churchill
Wisdom
Churchill
Eas Bonds
Germany's Place in Sun Restored, Von Papen Says
Berlin Germany s speediest road to world prosperity lies in restoring its place among nations as a moral political and economic equal Von Papen told The United Press He argued Germany must recapture its international status to help Europe meet crises and world markets must rectify Versailles era discriminations while maintaining a capable modern army for security
MENTIONED IN THIS ARTICLE
Berlin
Wceld
Germany
Franz von Papen
United Press
Europe
Cellor
Frederick Kuh
Junker
Hoover
von Papen
Cedar Rapids Auto Toll This Year
Report on Cedar Rapids traffic tolls notes the year count of accidents and injuries including fatalities totaling 163 for the period. The brief lists incidents and casualties to reflect road danger in the city.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Will Rogers on oversubscribed war loans and elections
Beverly Hills editor notes that Congress voted to loan about two billion dollars, calling the loan unprecedented and predicting potential overfunding. He jokes the "loaningest" Congress ever may be defeated despite vast wartime spending, noting the coming election has cost taxpayers billions.
MENTIONED IN THIS ARTICLE
Beverly Hills
Calif
Congress
California U. youth admits knife murder
A 20 year old UC junior confessed in Santa Clara County jail to stabbing William Rider Babcock and delaying the death of Mrs Lillian Babcock in Manila. He said motive was revenge and money from a disputed estate and insurance. He described buying the knife in Oakland and planning to burn the house after the killings.
MENTIONED IN THIS ARTICLE
San Jose
Calif
INS
University of California
Lillian Babcock
Manila
William Rider Babcock
George Douglas Templeton, Jr
George D. Templeton
Babcock
Emig
Bicher
Oakland
Babcocks
Seizure Ties Radical Bank Campaign to Midwest Ring
Police raid a Pontiac hotel room uncovered letters and telephone chatter detailing a campaign against banks across Illinois Indiana Ohio Michigan led by George Rowland with regional directors. Investigators report calls to depositors from pay phones warning banks are unsound and identify firms with large First National Bank of Pontiac accounts. Rowland remains at large as authorities seek co operation from major midwestern agencies.
MENTIONED IN THIS ARTICLE
Pontiac, Mich
Midwest
George Rowland
Illinois
Indiana
Ohio
Michigan
Rowland
Ira H. Marmon
Eees Pa
First National Bank of
Pontiac
Chicago
Marmon
First National Bank
Cleveland
Farm Board Probe Starts Immediately Following White House Talks
Senate agriculture chief McNary announced after a White House conference that the farm board investigation will begin within 24 hours. Two experts will conduct a detailed audit of the board's loans to cooperatives and its dealings with affiliates, including amounts loaned and repaid. He said the inquiry may proceed with possible meetings before November and noted Hoover’s reaction remains undisclosed.
MENTIONED IN THIS ARTICLE
Washington
McNary
Senate Agriculture Committee
White House
Hoover
Farm Board
McCarl
Chicago
French President Assassination: Corguloff Sentenced to Guillotine
In Paris Dr. Paul Corguloff was found guilty of the premeditated murder of President Paul Doumer at a May charity exhibition. He was sentenced to death by guillotine after his defense claimed diminished responsibility. Doumer lingered for hours before dying.
MENTIONED IN THIS ARTICLE
Paris
Paul Corguloff
Paul Doumer
Doumer
Heat Wave Abates As Temperatures Drop This Week
The heat wave eased Wednesday forenoon with readings about ten degrees cooler than the past two weeks. From a 63 degree 6 am low, temperatures rose to 74 at 9, 82 at noon and 87 at 2:30 pm. Tuesday reached 92 degrees at 2:30 pm with cooling after Monday night's rain.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Mercury
Two Steel Plants Resume Operations
Pittsburgh reports revival as two steel plants set to resume Monday after months idle. Edgar Thomson Works in Braddock part of Carnegie Steel and Donora plant of American Steel and Wire lead the restart to produce rails for the Pennsylvania Railroad. Colonial Steel at Monaca also returns two bar mills to work and 150 draftsmen back at Cambridge plant of American Bridge Company.
MENTIONED IN THIS ARTICLE
Pittsburgh
INS
Edgar Thomson
Carnegie Steel Company
Braddock
Donora
American Steel and Wire Company
Pennsylvania Railroad
Colonial Steel Company
Monaca
Cambridge
American Bridge Company
Also Mentioned on This Page
Verne Marshall
Wim Luckner
Gov. Turner
Hearst
Pen
Cedar Rapids News
Charlie Curtis
Yeggs
Linn County
Finance Corp
Hugh Baillie
United Press Association
Will Rogers
California
Excite
Midwest Depositors
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