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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 29, 1933
Page
1
The pound closed at $4.32 amid talk of stabilizing the dollar and shifting European and Baltic economies away from gold standard ties. France eyes isolationism after failing to win England’s cooperation, while grain markets swing with speculation and tax plans.
Britain agrees with France on a flexible peg linking the pound to the franc as part of a continental gold standard defense. Bank of England officials pledge to defend the rate using the sterling equalization fund while cautioning about possible pound adjustments if the dollar’s decline continues.
In Chicago, wheat futures slumped, dropping as much as seven cents at the open while other grains fell about five cents. Prices later rose briefly four to six cents but finished sharply lower. Initial large sales and profit taking drove the decline, with wheat closing near session lows as December contracts traded around 60 cents. Rye and barley also declined for their December options.
The piece argues for circular modern design and open spaces, criticizing sinewy corners and psychological plans. It recalls pork pie churches in Leicester, warns against erasing mystery, and defends beauty, romance, and irrational charm in life and cities.
In Watseka Illinois a divorced woman, Ilva Jones of Milford, took a housekeeper job with her former husband the day after the divorce was finalized. The article notes the unusual arrangement and location.
Berlin reports that Adolf Hitler's government is drafting a sterilization bill targeting the "hereditarily unfit" with Minister of Interior Wilhelm Frick shaping the text. The measure could be enacted by decree under Hitler's dictatorial powers as political opposition weakens and affiliated parties dissolve.
Cooling rains eased a record June heat wave across Wisconsin Iowa Missouri and southern Illinois. Weather officials in Chicago said the relief is temporary with a likely downpour late Wednesday afternoon or night at the World Fair City.
Kansas City AP report says Secretary Henry A. Wallace proposed削 a 20 million acre reduction in corn land via a processing tax on livestock to curb beef and hog overproduction. He urged Midwest agribusiness to form a corn hog plan and suggested corn alcohol as an alternative fuel, noting opposition from petroleum interests.
Bad weather again Wednesday postponed the start of twenty five seaplanes bound for the Century of Progress exposition in Chicago.
William Green of the AFL demands higher wages for cotton textile workers in the national recovery program. He opposes the proposed $11 weekly minimum in the north and $10 in the south, arguing a $17.48 weekly level is needed if prices return to 1926. He cites current averages at $10.40 and 62 percent hours.
Kansas City AP Henry A Wallace secretary of agriculture said wheat speculators have gone wild as prices rise. He defended the reform program saying it aims to parity for farmers and includes acreage withdrawals not exceeding 20 percent. He noted benefits of 30 cents per bushel on the home use portion and that the consumer will be protected by possible tax adjustments. He added dollar wheat is not too high.
Senate investigators probed Otto H. Kahn and his partner firm Kahn Loeb for unpaid taxes, noting a 1930 stock sale at a loss followed by a transfer to his daughter. Pecora said details include holdings in Electric Power and Light, International Nickel, Manhattan-Dearborn, Rapid Metal, and Tubize-Châtillon as part of the 1930 deduction questions.
Washington reports a $70 million credit to the agriculture secretary to buy all cotton held by the Farm Board and other agencies. The cotton will be used to grant options to producers under the agricultural department plan to reduce acreage by January 1, 1934.
New York AP reports power output rose last week by 10.9 percent from the same week a year earlier. It marks the largest gain in eight straight weeks of increases since early May.
The piece profiles Margaret, the weight gainer at Camp Good Health, once undernourished and living in a tin shack with family after job loss. It notes donations totaling 1451.70 from various contributors and recalls her meals of tins and garden produce. The article invites support to aid other children.
National League games featured Cincinnati and Chicago paces with tight outings as St Louis and Pittsburgh also posted wins. In the American League Philadelphia Cleveland and New York battled through rain delays and late finishes with varied scores and key performances noted.
Strasbourg dispatch says President Paul von Hindenburg, aged, is dangerously ill at his Neudeck summer villa. Doctors are reported concerned after a heart attack left him semiconscious for three days. He reportedly regained the ability to move briefly.
Jacob J. Marsh aged 62 of 1514 Fifteenth Avenue SE collapsed while pulling weeds as Cedar Rapids faced a torrid heat wave. Coroner R A Vorpahl ruled heat a contributing cause. Temperatures peaked near 98 and 84 later in the day as humidity lingered.
California and West Virginia victory widen repeal momentum. Alabama and Arkansas set votes on July 18 as dry states test shift. West Virginia results boost efforts to enter the dry south with 16 states backing repeal by a 35 to 1 ratio, population 52.7 million.
The department of agriculture will continue the market news service on a limited basis after June 30. Protests followed Secretary Wallace's plan to end the service to save 1 300 000 annually. Next year expenditures will be capped at 575 000 with many offices abolished or retained only partially. The schedule will be released later.
Dee Aldrich 34 from Chicago, wanted on a United States bank robbery charge for the March 20 holdup, was turned over to Mineola New York local and county officials Wednesday afternoon. Detective Barl Stanley reported the transfer by telegram to County Attorney G K Thompson, noting a habeas corpus hearing had been postponed to Thursday at 10 a.m. The local party including Stanley Deputy Sheriff Larry Condon and Patrolman Thomas Condon will depart with Aldrich immediately.
Fog keeps President Roosevelt in Lakemans Bay Maine delaying plans to seize the Amber s eat and forcing him to linger with his crew. Norman H. Davis aboard the destroyer Bernardou nears port to report to the President while awaiting a clear path to Campobello Island.
Iowa City AP report says the state board of education held committee meetings as a precursor to Thursday’s full session. President George T. Baker said no statement would be released until then. The board will review the 1933 34 budgets for four state schools, a University hospital patient allotment plan, and possible resignations and appointments. Salary reductions at the state university Iowa State college and State Teachers college are anticipated to meet reduced appropriations.
Kansas City report says Robert Hermanson aged 21, son of a slain officer, sought police status amid the union station massacre after allegedly firing a pistol once again.
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