Prices Take Sharp Rise in Grains
Washington reports abrupt price advances in grain markets as traders react to mixed demand and supply signals. Bullish activity widens gaps between bid and offer prices, impacting farmers and exporters nationwide.
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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 16, 1934
Page
15
Washington reports abrupt price advances in grain markets as traders react to mixed demand and supply signals. Bullish activity widens gaps between bid and offer prices, impacting farmers and exporters nationwide.
A late May report from the U S department of Agriculture bureau of economics notes a 2 to 5 cent bushel rise in wheat and corn, with feed prices following the trend. Two days later Chicago prices surged nearly 3 cents on Russian purchases from Argentina and Australia. Spring lambs peaked in eastern markets as livestock sales lifted American farmer income by 58,000.5 thousand in April and 873 million, or 26 percent, for the first four months.
A 1934 Packers Committee report based on U S Department of Agriculture data shows fed erally assessed slaughter through April. It notes price increases and benefits from the 884 million in processing taxes for hog farmers under the carning reduction program. The government uses processing tax revenue to remove surplus hog stocks to support prices. In April the tax intake was about 19 million, over four times the April revenue decline tied to higher hog marketing.
Washington reports a new bakery code will take effect June 18 restoring employment to near 1829 levels and boosting payrolls by about 3.06 million dollars over June 1933. It covers 25,000 bakeries nationwide, with 40 hour weeks in mechanized shops and 48 in crafts, wage scales by city size, and wage protection above minimum. The code bans state product sales, resale of returned goods at wholesale, and broad advertising allowances. it allows consignment limits by state votes after hearings and sets customer loan controls with local administration agencies.
A charming summer wardrobe feature describes a sweater blouse and hat knitted in a simple stitch with varied colors. The vestee and jacket pieces use scraps of wool in crochet style, offering a colorful, easy project. Pattern 64B provides complete directions and yardage for the shown garments and color ideas. Send 10 cents in stamps or coin to The Charleston Gazette Needlecraft Dept. 82 Eighth Ave New York NY.
Luther H Hodges general manager of the Carolina Cotton and Woolen Mills addresses the North Carolina Virginia division of the Southern Textile Association in Greensboro praising the NRA. He notes the act boosted employment by about 140000 and increased wages by around 25 percent with industry leading voluntary cooperation under government guidance.
A concise claim extols the value of a code and its effectiveness, arguing the author’s industry insight supports the broader applicability of the code. The statement emphasizes pride and confidence in the code’s utility and asserts that no one can deny its merit.
The circuit court hearing on a $25,000 damage suit filed by Mrs. Thelma Simon against Annie Wallace was continued to Monday. The accident occurred March 12, 1933 at the Littlepage bridge Kanawha Two-Mile. Simon was watching a baptism when struck by Wallace’s car, according to her attorney.
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