Economic dip, earnings upturn, and political notes
Industrial corporations report nine month net of 183.4 million with railroads at a loss of 1.43 million and overall 20.58 million in net earnings for the period. Commentary cites automobile chemical oil and textile gains while noting varied profits and deficits amid debates on economic recovery. A separate clipping recounts a speed incident in Cedar Rapids and a legislative critique from Iowa citing session duration and farmer representation. A Paris note reports the dollar low and a Franco British trade alliance forming. Huey Long hearings prompt political action as Hartzell is jailed for mail fraud in the Drake estate case.
Reserve halts purchases of government bonds in open market
The Federal Reserve Bank reduced open market purchases to 2 million dollars last week signaling an end to the credit expansion drive. Observers note uncertainty as to future actions with the Thomas amendment allowing notes issuance if needed.
MENTIONED IN THIS ARTICLE
Washington
LLP
Federal Reserve Bank
Reserve Board
Federer Reserve
Federal Reserve
Administration
United States
Treasury
Gold price stability hints at cautious policy tests
Washington observers say the steady $33.56 domestic gold price for three days reflects a wait‑and‑see approach rather than a policy shift. The dollar dipped internationally while the London price rose, and Jesse Jones noted domestic purchases were small, suggesting the policy’s main impact is psychological.
MENTIONED IN THIS ARTICLE
Washington
London
Jesse Jones
Reconstruction Finance Corporation
United States
Lily Pons Resumes Her Concert Tour
French operatic star Lily Pons resumes her concert tour en route to Toledo Ohio, after recovering from bronchitis.
MENTIONED IN THIS ARTICLE
Lily Pons
Hollywood
INS
Toledo
Everyday Religion Reflections On Modern Life And Silence
A 1933 reflection laments a world overwhelmed by noise and change. It urges poise and simplicity to protect inner life and moral clarity, recommending quiet thought, still pools, and a unified life amid a dizzy age.
MENTIONED IN THIS ARTICLE
Rip van Winkle
Bus Crash Kills 23 Socialists in Granada Spain
Twenty three socialist party members returning from a political meeting died when a large bus plowed through bridge railings near Granada Spain. Investigators described a catastrophic collision with the roadway.
MENTIONED IN THIS ARTICLE
Paza
Granada
Spain
INS
Here
Hog market seeks government aid to avoid tie up in St Paul
Live stock agencies in St Paul press Washington for hog purchases to spark a fair price. Central Co operative withholds 7000 hogs as packers underpay. Carnes cites Chicago quotes at 4.60 and demands about 4.15, warning of a sellers strike if not met.
MENTIONED IN THIS ARTICLE
South ST. Paul
Washington
Chicago
N. K
Federal relief agency buys Texas cattle to aid farmers
The Federal Surplus Relief Corporation agreed to purchase $500000 worth of cattle from Texas ranges paying farmers a minimum of $1.75 per 100 pounds. Administrator Harry Hopkins said the agency also plans to buy coal for distribution to the needy.
MENTIONED IN THIS ARTICLE
Washington
Federal Surplus Relief Corporation
Texas
Harry H. Hopkins
Barbara Webb Story Starts in Gazette Tomorrow
The Cedar Repids Gazette will feature the new Barbara Webb novel Dance, Little Lady, starting tomorrow. A young high school graduate pursues Broadway fame in this adventure romance following previous works Treasure Hunt and The Love Masque. Read opening chapters tomorrow.
MENTIONED IN THIS ARTICLE
Barbara Webb
Cedar Repids Gazette
Kraschel Defends Public Works Record in IowA
Des Moines Lieutenant Governor Kraschel blasts critics and alleges political figures try to smear his public works advisory board service tied to the national recovery program. He names Harrison Spangler and Senator L J Dickinson as having guilty knowledge and vows to fight these attacks to protect Iowa’s public administration.
MENTIONED IN THIS ARTICLE
Des Moines
Nels G. Kraschel
Public ‘Works Advisory Board
Kraschel
Harrison E. Spangler
Cedar Rapids
L. J. Dickinson
Peee
Tam
Iowa
Roosevelt
Harrison Spangler
Dickinson
Morgan and Taylor Social Visit with President Roosevelt
In a wholly social White House tea, J. P. Morgan and Myron C. Taylor met with President Roosevelt. They left for New York before 7 pm and declined to comment, with secretary Stephen Early confirming the gathering was social and tied to Morgan’s Washington visit.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
J. P. Morgan
New York
Myron C. Taylor
United States Steel Corporation
White House
Stephen T. Early
Morgan
Lst
Linn County Seeks 822,256 For Civic Works Road Projects
Linn county board of supervisors and County Engineer William H Behrens submit road plans totaling 822 256 to Cedar Rapids Sixth Town district highway office under the civic works program The list aims to employ about 53 250 unemployed Iowans The proposal includes 31 miles of roadside clearing 15 projects at 3131 The plan also covers 82 miles of resurfacing 14 projects at 56525 riprapping dangerous corners 15000 and clearing 152 miles of county trunk roads 7600 The package follows a courthouse conference with district highway officials to submit proposals promptly
MENTIONED IN THIS ARTICLE
Cedar Rapids
Linn County Board of Supervisors
William H. Behrens
District Highway Commission
Linn County
Civic Works
Iowa
Harry Hopkins
Civic Works Fund
Linn
Hopkins Sets Population Based Job Quotas For States
Washington officials outlined tentative job quotas for the civic works program claiming unemployment follows population. The plan targets 4 million jobs with about 3 million tentatively allotted by state totals including Illinois 188 750 and Minnesota 55 500. The aim is to shift 2 million men from relief to full paid 30 hour weeks within four months and fill 4 million jobs in that period.
MENTIONED IN THIS ARTICLE
Washington (Ap
Harry Hopkins
Civic Works Fund
Illinois
Missouri
North Dakota
South Dakota
Minnesota
Truck Driver Guilty Of Manslaughter In Cyclist Death
Clarence Warner, 26, of Cedar Rapids, found guilty of manslaughter in the death of Lester Flick, 18, of Dubuque, who was struck on Highway 161 northeast of Marion on Oct. 1. Judge John T. Moffit set sentencing for 9 a.m. Monday. The verdict marks Linn county’s first manslaughter conviction in an automobile accident case.
MENTIONED IN THIS ARTICLE
Clarence Warner
Cedar Rapids
Lester Flick
Dubuque
Warner
Marion
John T. Moffit
Linn
Robert W. Greene
Ed Fordyce
George Griner
Griner
Varner
Leroy Freeze
Dividends Planned for Three Closed Iowa Banks
About $58 000 in cash will be distributed this week to depositors of three closed Iowa banks. Dividend No. 2 at Belle Plaine’s Corn Belt Trust and Savings bank pays 10 percent. Dividend No. 3 at Marion’s Farmers and Merchants State bank also 10 percent. Luzerne Savings bank in Luzerne pays 15 percent. Checks dated November 15 are issued by the state banking department through the Peoples Savings Bank.
MENTIONED IN THIS ARTICLE
Cedar Rafids
Iowa
Peoples Savings Bank
State Banking Department
Corn Belt Trust and Savings Bank
Belle Plaine
Farmers and Merchants State Bank
Marion
Luzerne Savings Bank
Luzerne
Crowd defiesSenators at long New Orleans hearing
A crowd of about 1000 forced entry to the Scottish Rite cathedral in New Orleans to attend a senate subcommittee hearing on the Overton and Long political machine. Police offered little resistance as doors shattered and spectators filled the auditorium amid charges of packing the room.
MENTIONED IN THIS ARTICLE
New Orleans
INS
Senate
John H. Overton
Tom Connally
Texas
Connally
Chambers
Orleans
Huey. P
Long
New “Orleans
Huey P. Long
Senate Investigating Committee
Hilda Phelps Hammond
Women’s Committee of
Louisiana
Overton
John G. Holland
Francis Williams
Edwin S. Broussard
Broussard
John S. Abadie
Edwin Ss. Broussard
Abadie
Hoarding Order Kocked Out but Indictment Upheld
Federal Judge John M. Woolsey invalidated President Roosevelt’s August 28 gold hoarding order as exceeding presidential power. The ruling sustains one indictment count against Campbell and Barber for failure to report and surrender about 200000 in gold, citing Congress’ delegation to the treasury secretary. U S Attorney Medalie calls it mainly a victory for the government.
MENTIONED IN THIS ARTICLE
NEW York
Roosevelt
Federal Reserve Bank
Federal
John M. Woolsey
Woolsey
Congress
Treasury
Supreme Court
The
Campbell
Secretary of the Treasury
U. S
George Z. Medalie
Trial ends for Touhy gang in Hamm kidnapping case
U S government concludes its case in the Touhy gang trial over the William Hamm Jr kidnapping and interstate transfer. Defense seeks a directed verdict as 23 depositions for Willie Sharkey loom, amid a courtroom misstep when Sharkey almost fled.
MENTIONED IN THIS ARTICLE
ST. Paul, Minn
United States
William Hamm, Jr
William Scott Stewart
Thomas W. McMeekin
M. M. Joyce
Willie’ Sharkey
Stewart
Sharkey
Joyce
Roger Touhy
Eddie McFadden
Gus Schaeffer
William Ward
Elkhorn
Wils
Ward
Wisconsin
Touhy
McFadden
Schaeffer
John
Jake the Barber
Factor
Chicago
Hamm
Two Jobless Men Admit Murder In Gold Blood
San Jose California police say two unemployed men Thurmond and Holmes confessed to abducting and killing Brooke Hart 22 a member of a wealthy family They allegedly forced Hart into a car on the way to the San Mateo bridge and threw his body into the bay after binding his arms with wire The men were removed to San Francisco amid threats of lynching and face extortion demands of 40000 from Hart's parents
MENTIONED IN THIS ARTICLE
San Jose
Calif
Brooke Hart
San Francisco
Hart
Santa Clara University
Misa
Thomas J.thurmond
Owens
J. M. Holmes
Thurmond
Holmes
Ater
Wes
Brecee
Urmond
Bay
San Mateo
Thuremond
Storyie Ty
San Jose Country Club
Thurston
Armour and Co. St Paul Plant Strikes Over Wage Increase
A 1700 employee walkout at Armour and Co in St Paul began at 10 AM after plant officials rejected a demand for a ten cent hourly raise. The employer presented an ultimatum to general manager C. E. Sheehy and superintendent J. H. Boeckhof.
MENTIONED IN THIS ARTICLE
Armour and Company
Alse
C. E. Sheehy
J. H. Boeckhof
Forest Service Rejects All Bids for 100 Air Compressors
The Forest Service recommended rejecting all bids for 100 air compressors intended for Civilian Conservation Corps use. It cited nearly identical bids among twelve manufacturers and about a ten percent price increase, noting the compressors were for truck trail construction.
MENTIONED IN THIS ARTICLE
Washington
CAP
Forest Service
Civilian Conservation Corps
Also Mentioned on This Page
York
Tv-Five
Try
N Cearm
Enes
Manister
Manchester
Aotorcycle
Delaware County
Marion Boulevard
House
Paris
France
England
Jrrance
Uncle Sam
Huey Long
Sam
Oscar Hartazell
Drake
Sioux City
Hartzell
ST. Paul
Gazette
Raschel
Spangler
J.P. Morgan and
Taylor
Cedar Rapids News
Frisco
Tansom
Thur
Armour and’ Co
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