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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Aug 07, 1941
Page
2
Markets page reports a turbulent session on Wall Street with mixed leadership and fluctuating pivotal issues. Trading was heavier than yesterday with about 500000 shares transferred, while wheat oats and other commodities showed modest moves as prices edged up or down.
The Associated Press reports Captain Bruno Mussolini, Benito Mussolini’s second son, killed in an experimental plane crash near Pisa. He is described as a daring volunteer and a prominent figure in Fascist youth, with a history as a test pilot and boxer federation president. He married Gina Roberti in 1998 and left a 17 month old child Marina. The death shocks Italy as Premier Mussolini faces the loss among his four other children.
UK and US reports flag a Japanese move toward Burma through French Indochina and possible incursions into a southwest province supplying Chinese forces. Britain predicts Thailand will resist with Allied aid tied to American response. Meanwhile German setbacks in Russia and Tokyo’s push in the Far East shape a tense wartime balance.
In New York and Chicago markets mixed activity emerged as stocks show modest revival while bonds move irregularly. Commodities steer uneven, with cotton uneasy on selling, sugar rising on strong demand, and metals steady. Agricultural futures reflect crop weakness and higher cattle and hog prices.
Trade covering and a tighter New Orleans zone boosted prices to about the prior close while futures eased 2 to 4 points. Contracts for October through July show closing ranges around mid 16.8s to mid 17s, with middling spot at 17.30, down three cents.
Live poultry prices listed for 51 trucks with hens and white chickens easier to sell. Plymouth Rock chickens firmer with specific weights: hens over 5 pounds set at 16.5, 5 pounds and down at 17 1 2, broilers 21 2 pounds and down. Plymouth Rock and White Rock weights vary by category. Geese old 12, other prices unchanged.
In Chicago on August 7 buyers reported butter receipts at 1,149,541 with creamery prices at 89, 90 with slight shifts. Prices for centralized car rots and other items stayed steady, Pugs at 17,002, firm checks at 23 1 4, other prices unchanged.
Chicago price report lists cash grain values: No 1 red wheat 1.09 to 1.09 1 2, No 2 wheat 1.08 1 4 to 1.00 1.08 1 2, No 2 1.08 3-4. corn No 1 yellow 76 to 76 1 2 cents, No 2 16 1 4, No 4 75, sample 63-68. Oats No 1 mixed 38 3-4 to 38 1-2, No 2 38 38 1-2, No 1 white 39 3-4, No 2 30-39 3-4, No 3 38-38 1-2, No 4 34 3-4 36 1-4, sample 34. Field seed timothy per cwt 4.00-4.25.
Prices in Chicago grain pits advanced with May 1942 corn futures leading the gain as contracts climbed over 2 cents at times to a four year high of 8 1 4. Corn closed near the day’s highs, about a cent below, and 5 8 1 3 4 higher on the session.
A Reuters report quotes British and Australian officials warning that US willingness to cooperate beyond economic blocks is crucial for Britains support to Thailand. British Burma and South China prepare to thwart any Japanese move toward the Burma road, while Thailand faces danger with a 50 000 strong army and limited equipment.
Salable cattle include 250 calves and 200 steers with steady action on meat classes. Good short fed cattle valued 10.25 to 10.50. common 750 to 9.00. bulk cows 6.25 to 7.00. bulk canners 4.75 to 6.00. Hogs 450 head, opening uneven but near steady with 10.90 to 11.00 for 100-250 lb. sheep 250 head, steady to 2% higher at 10.50. top ewes 3.50.
The county health department announces next week’s clinics for typhoid and diphtheria vaccines, smallpox vaccines, and Schnick tests. Dr. L R Murphree urges families to attend, noting children may be examined if time allows. Clinics run Tuesday through Friday at listed community sites with weekly visits.
Extension to 18 months discussed with a bid to keep the original indefinite version. Leaders expect the amended bill to pass, reject other minor proposals, and move quickly. Senator Burton proposed 12 months, but the Senate vetoed it 21 to 0. Critics led by Nye urged opposing the cut as a “take the whole dose or none” stance.
Irwin J. Quinn executive secretary calls on the governor of Alabama to prioritize education as defense and to release surplus funds for relief of schools during the current emergency.
A mysterious disease causing about 60 deaths over more than a month in the northwest is being studied by a federal medical corps led by Dr. James P. Leake. Officials call it encephalitis, commonly known as sleeping sickness, with no known source or clear method to halt its spread. The team aims to identify origin and control measures.
Farms, land and city property regularly appear in the Want Ad pages. The listings suggest options for buyers and renters seeking rural acreages, development plots, or urban parcels in the city market.
A wartime policy shift will replace about 6,900 soldiers with civilian workers across eight southeastern states in the fourth corps area. A $7,564,500 fund funds teletypes radio operators engineers draftsmen clerks and tradesmen at posts in Alabama Georgia Florida Louisiana Mississippi North Carolina South Carolina and Tennessee. Most civilians earn about 1440 yearly, higher grades near 5000, while master sergeants' pay remains around 1500 plus allowances.
Leon Henderson of the Office of Price Administration told the House Banking Committee that wages should not be included in a price fixing bill though inflation must be contained. He warned curbing wages could curb employment and urged coordinated limits on related costs while opposing indecent wage hikes.
Decatur Civitan Club heard Dr G C M Tarawell from the TVA biological rehabilitation department speak at the Lyons Hotel luncheon. A technicolor film “The Great Lakes of the South” by Tarzwell depicted TVA reservoirs fish numbers types and species while RE BE Soeper Jr operated the projector. Attendees included Robert M Campbell Paul Bryan Jack Burrows H F Sherrod and club president Dr Eugene Chenault.
Harold Ickes announced four American tanker ships would be turned over to Russia to haul aviation gasoline. He warned the United States faces a possible aviation fuel shortage with severe effects on military and commercial flying unless capacity to produce high octane fuel is increased immediately.
A dispatch from the U S S Potomac reports President Roosevelt on a New England yachting vacation remains in close touch with international affairs via navy radio. The Potomac notes good fishing luck and excellent weather for the presidential party during the cruise.
Aug 7 Atlanta report says late crops in the southeast are closing as August opens. Snap beans and cabbage in North Carolina show good condition. North Carolina and Georgia movement underway. Arkansas cantaloupe quality reduced by rains. watermelons active in Arkansas, over in South Georgia and Alabama. tomato yields variable with drying weather.
The U S Department of Agriculture reports a decade long drop in American cotton exports from 74 million bales in the 1920s to 6.6 million in the 1930s, while Egyptian and South American shipments surge. Brazil, Egypt, Peru, Argentina and Anglo-Egyptian Sudan show increases, with no overall change among the eight leading exporters.
The analysis assesses Nazi claims of Russian dissolution and a crisis phase as the war shifts. It discusses possible Russian withdrawals, German offensives in Kiev and toward Leningrad, and the uncertain status of Moscow defenses with reserves and counter measures uncertain.
Decatur residents share news of a baby girl born July 26 to Mr. and Mrs. W. E. Brown Jr of Hartselle route 1, weighing 8 pounds 12 ounces, named Linda Carolyn. The region also notes various social visits, baptist church services, theatre progress, and real estate activity.
A large crowd at Fourth Avenue and Johnston Street heard Rev. Monroe Parker’s sermon in the Business Men Evangelistic Club and Gospel Fellowship Association revival. Parker urged God guided living, warned against Balaam’s doctrine of worldliness, and urged backsliders to rededicate. Special music featured by the choir and Earl Johnston with a trombone solo by Hennessee of Decatur High School.
Lessing J. Rosenwald of Philadelphia retired Sears chairman leads joint effort to return the hosiery industry to normal. Manufacturers discuss nylon leg models and rayon tops to conserve supplies, plus knee-length and cotton lisle options.
Senator Tobey of New Hampshire rescued a skunk whose head was stuck in a tin can found near a farm. He used tin snips to cut the can and released the grateful animal, then sent photos and an account to Senator Ellender of Louisiana who had sent the shrimp that led to the incident.
Decatur Kiwanis members viewed a technicolor film on soil erosion flood control and fish development in the Tennessee Valley. Presenter was Inter-Club committee chair Quince Eddins with members John Davis Ed Carter Joe Wilder and Jack Smallwood. New member Phil Werner was introduced along with guests Dewey Mousson and John Peach.
New York dispatch reports the Japanese beetle now travels by air as inspectors guard airports. R. W. Sherman notes 200 insects removed from airliners and passengers at LaGuardia in eight weeks, with 400 more disposed of in Washington. Beetles are dormant dusk to dawn, avoid clouds, and die at high altitude tests.
Willie Wilson 31, an escapee from Scottsboro convict camp, was arrested today by Policemen Whitmire and McCall in a Water Street house. He admitted the escape from a Jefferson county burglary and grand larceny conviction with a 1945 release, claimed he took a state highway department truck to flee, and the abandoned vehicle was found on East Market near Benson Field. Wilson remains held for transport back to Scottsboro as Jackson county officers arrive.
AFL Machinists President Dale Read says the company refused a union shop and demands 12 cents an hour blanket raise while offering limited increases for new hires. Two other mediation board cases arise as U S Gypsum, Durham Cotton Mills, and railroad unions face potential action amid wage and security disputes. A Symington Gould plant strike ends after a wildcat walkout tied to contract misunderstandings.
Decatur Business and Professional Women's Club will hold its annual August picnic supper on Thursday the 21st at Seneca Springs beginning at 7 o'clock daylight saving time. Cards have been sent to all members notifying them of the event.
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