Norris Suggests Tax Powers to Wipe Out Holding Companies
Senator Norris proposed using an aggressive tax system to abolish holding companies, permitting some types but eliminating those that control others. President Roosevelt outlined plans to eventually remove holding companies in all sectors, triggering varied business reactions and signaling potential changes in government business relations.
MENTIONED IN THIS ARTICLE
Norris
Washington
Ind
Neb
Sca Et Gareral
Roosevelt
Nebraskan
Copeland
New York
Wall
Centrol
Toe
John L. Lewis
Anagine
Owenoung
General Electric
J.P. Morgan
Philip Murray
Malis Gf Gs
Oneal Tons
Charles W. Twussig
American Beri of
New Yor Timer Sims
Lewis
White House
Chattanooga Loses Power Fight Over Franchise
The Tennessee Supreme Court ruled against Chattanooga in a bid to revoke the Tennessee Electric Power Co franchise as the city sought TVA power. Attorneys argued the city aimed to destroy utility property valued between 25 and 30 million dollars, while the decision did not halt negotiations with TVA.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
Chattanooga
TVA Power
Tennessee Supreme Court
Tennessee Electric Power Co
Od Chattanooga
TVA
Holding firms targeted in Roosevelt anti pe drive
H. Jackson, a Roosevelt administration anti p e drive leader, urged today the elimination of holding companies as parasitic absentee control of business. He called for dismantling such structures to curb concentrated ownership and improve corporate accountability.
MENTIONED IN THIS ARTICLE
H. Jackson
Roosevelt
EIEE TO QUIT January 15 Securities First Utility Holding Co
Fragmentary notice indicates a corporate action by a holdings company about quitting or divesting on January 15. The readable text mentions securities and a utility holding company. No further details are available.
MENTIONED IN THIS ARTICLE
Eiee
Securities E First Utility Holding
First to Get Unemployment Check in U S History
An 87 year old Baton Rouge painter J. D. Shelton receives the first unemployment compensation check under the federal security act. Louisiana labor commissioner B. W. Cason presents the $14.20 check to Shelton as his family looks on.
MENTIONED IN THIS ARTICLE
Baton Rouge
J. D. Shelton
United States
Curity Act
B. W. Cason
Louisiana Department of Labor
Mr. Shel
Louisiana Labor Department
Market rally on armament hopes amid mixed notes
New York stocks rose as hopes for heavy government demand for armament materials supported gains in aircraft, steel, motors, copper and rubber issues. Ford’s 10,000 worker rehire and talk of price cuts boosted sentiment while profit taking trimmed late gains. bonds and commodities moved unevenly as traders awaited the president's message to Congress.
MENTIONED IN THIS ARTICLE
New York
Chrysler
Ford
Steels
Congress
Army
Homestake
Douglas Aircraft
Boeing
Wright Aeronautical
Sperry
U. S. Steel
Bethlehem
Youngstown
General Motors
Anaconda
Kennecott
Cerro
de Pasco
U. S. Rubber
Goodyear
Westinghouse
du Pont
Allied Chemicals
Texas
Corp. Newport Industries
Climax Molybdenum
Monsanto Chemical
Eastman Kodak
International Harvester
Montgomery Ward
Union Carbide
Loew's
Cattle Market Report from Nashville Tennessee
Cattle 26, calves 50 in Nashville with generally steady to higher trend. Compared to last week cattle active and strong to 25 higher. bulls barely steady. Week's bulks show killing steers and heifers 5.50 to 6.50. low common and cutters 4.50 to 5.25.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
U. S. Dept
Tiny Tot weighs 34 ounces in imore's tiny citizen
Baby Mary Ellen Bat, born prematurely, remains in an iron lung but thriving as imore's smallest known citizen. The report notes her weight of 34 ounces and early life challenges.
MENTIONED IN THIS ARTICLE
Imore
Mary
Mary Ellen
Mary Ellen Spittel
Cotton closes steady in New Orleans with gains
Spot cotton in New Orleans on January 15 closed steady 4 points higher. Sales reached 3,633 with low middling at 726, middling 8.7, and good middling 9.31. Receipts were 1,865 and stock stood at 837,215.
MENTIONED IN THIS ARTICLE
New York
New Orleans
Cottonseed Oil Prices Steady in New Orleans Market
In New Orleans on January 15, cottonseed oil closes steady with bleachable prime summer listed at 735 nominal. Prime crude ranges 6.00 to 6.12, January 7.01B, March 7.10B, May 7.13B, July 7.18B, September 7.20B, October 7.22B, with B-Bid noted.
MENTIONED IN THIS ARTICLE
New Orleans
Jen
Cotton quota plan divides by state county then acres
Bankhead favors shifting cotton quotas from interstate movement to acreage allotments. States would receive base quotas, then counties and farms would get acreage shares. Normal supply would be domestic consumption and ten year exports plus a 35 percent reserve. The debate contrasts Senate marketing quotas with House timing and fears of surpluses hurting prices.
MENTIONED IN THIS ARTICLE
Bankhead
Senate
House
Sheppard Foresees New Prohibition Legislation
Senator Sheppard of Texas in his annual address on the Eighteenth Amendment anniversary said Congress will likely be asked to enact new prohibition laws. He called the liquor traffic a major social menace and said the American people will not tolerate it much longer.
MENTIONED IN THIS ARTICLE
Washington
Sheppard
D-Tex
Congress
Senate
Market update shows grain price changes by date
The report notes yesterday and current trades with May and July futures for corn and oats. May corn closes at 1-4-3-8 with unchanged 60 1-4 3-8 for May and 61 for July. Oats remain unchanged to 1-8 higher for the May and July positions.
Death of W. T. Crawford at Center Grove
W. T. Crawford aged 65 died at his Center Grove home after a long illness with heart disease. He served on the county school board and was active in church and fraternal groups. Funeral at Center Grove church Sunday at 1 PM. interment in Center Grove cemetery. Pallbearers from Masonic order and Woodmen of the World. Survived by wife, six daughters, four sons, five brothers, five sisters. numerous relatives.
MENTIONED IN THIS ARTICLE
W. T. Crawford
Center Grove
B. P. Collier
Peck
Change
Masonic Order
Woodmen of
T. A. Horton
J. A. Forman
George T. Woodruff
Lee Hamilton
Herman ©. Troup
Baynard L. Malone
Dr. Redding Emens
J. H. Crow
W. J. Briscoe
J. T. Kyle
W. O. Clark
Ene
W. H. Briscoe
Yonkers
N. Y
Seldon Penn
Decatur
Bertice Roscoe
Cullman
Cecil Roberts
Joppa
Levy McKee
Eva
Gay Nell Crawford
Austinville
J. M. Crawford
Arab
W. A. and
Charles Crawford
Baileyton
L. C. Crawford
Somerville 2
B. M. Crawford
Seagville
Texas
J. A. Crawford
J. W. Crawford
Panama City
Fla
D. T. Crawford
D. A. Roan
M. Stedham
Oneonta
H. B. Holmes
Daisy
Elise Crawford
W. T
Tom” Crawford
Second Semester Schedule and Appeal for Support in Decatur
The notice outlines January 24 to 28 as continuation and January 31 as start for second semester classes in Decatur. It requests community support to keep the institution for local boys and girls and lists the tentative class schedule, term dates, and speakers including Dr Mary E Renich replacing Dr Katherine Wyant in Mathematics. Weldon A Brown is the university representative.
MENTIONED IN THIS ARTICLE
Decatur
Mary E. Renich
Athens College
Katherine Wyant
Weldon A. Brown
Alabama
M'Gill Approves New Tax Plans In Public Hearings
Treasury under secretary Roswell Magill endorsed the Ways and Means sub committee tax proposals in full during a public hearing. He cautioned that further improvements are needed in the tax laws.
MENTIONED IN THIS ARTICLE
Washington
Roswell Magill
Treasury
House Ways and Means
Magill
Decatur News Notes and Local Visits
Decatur society items report various residents in Huntsville on business, medical recoveries, and weekend visits. Individuals include Mrs. B F McDowra ill with cold, Sonny Coggins at Howell's home, J B Patterson of Lacon on business, and Coach Bear Bryant returning to Tuscaloosa after a Decatur trip.
MENTIONED IN THIS ARTICLE
Sonny Coggins
Mrs. J. BE. Howell
Sixth Avenue
South
Bear Bryant
University of Alabama
Tuscaloosa
Decatur
France and Japan tighten war aims as advances continue
A government draft on China policy follows cabinet and imperial military briefings. Twenty four retired generals endorse the decision after an imperial conference with Emperor Hirohito. Japanese forces push toward Suchow on the Lunghai Railway, seize Tangchiakuo, while Chinese 29th army withdraws toward Kinshaw. Suchow remains a key junction linking the Sunghai Railway and cross lines. Chengchow also holds strategic value where Lunghai crosses the Peiping-Hankow line.
MENTIONED IN THIS ARTICLE
China
Hirohito
Suchow
Lunghai Railway
Tangchiakuo
Kinshaw
Taining
Kiangsu
Tsin- Ing
Central China
Tientein
Pukow
Shantung Province
Nanking Zone
Chengchow
Pettingill Proclaims Eternal Security For Believers
Dr W L Pettingill of Wilmington preached at Central Baptist on eternal security, arguing that truly born again believers are forever saved and secure in salvation. The conference, featuring ministers including Dr W F Reeves, runs nightly through next week with services at 7 p m.
MENTIONED IN THIS ARTICLE
W. L. Pettingill
Wilmington
Del
Central Baptist Church
W. F. Reeves
First Baptist Church
Sheffield
Pettingill
Reed Nomination to Supreme Court Faces Senate Consideration
The solicitor general, known for defending major New Deal cases, has been nominated to the Supreme Court after Justice Sutherland's retirement. The nominee, Reed, born 1884 in Maysville Kentucky, studied at multiple universities and has earned praise for his courtroom advocacy. Senate reactions vary on hearings and confirmation speed though some predict prompt action.
MENTIONED IN THIS ARTICLE
Supreme Court
Black
Senate
Willis Vananter
Ku Klux Klan
Reed
Maysville
Kentucky Wesleyan College
Yale
University of Virginia
Columbia
Sorbonne
Paris
Roosevelt
Judiciary Committee
Ashurst
D-Ariz
High Court
Logan
D-Ky
Capper
R-Kans
McAdoo
D-Calif
Andrews
D-Flo
Miller
D-Ark
Farm Credit Board
Hoover
Reconstruction Finance Corporation
RFC
AAA
NRA
Treasury
Bankhead
Minton
D-Ind
Administration
Garner
Barkley
Kentucky
Bridges
R-Nh
Sutherland
Cee
Cottonseed meal futures close dull in Memphis trade
Prime cottonseed meal futures for Memphis dates closed dull with 1 000 units traded. January 23.60 February 23.10 March 22.75 April 22.35 May 22.25 June 22.15 July 22.30 August 22.30.
MENTIONED IN THIS ARTICLE
Memphis
Tenn
Price Report on Middling Cotton at Southern Spot Markets
The average price of middling cotton today at ten southern spot markets was 8.59 cents per pound, with the thirty market days average at 83.6 cents. The report notes daily fluctuations across the regional trading centers and highlights the current pricing trend for the fiber.
MENTIONED IN THIS ARTICLE
New Orleans
Poultry Prices Steady in Chicago Markets
Poultry live prices steady across three trucks with no change. Dressed market also steady with prices unchanged.
MENTIONED IN THIS ARTICLE
Chicago
Dairy Prices In Chicago Market Report January Exchange
Chicago dairy market shows butter at 618 412 units with steady levels across creamery specials 93 score and various grades. Eggs listed at 7 412 units with weak and local graded firsts and current receipts around 19 3 4 to 21 1 2 cents per pound.
MENTIONED IN THIS ARTICLE
Chicago
Wheat market slumps in final hour on profit taking
The Chicago wheat market ended with net fractional losses after early gains. Traders cited profit taking following a modest weekly advance and concerns over unsettled weather in Kansas and Nebraska.
MENTIONED IN THIS ARTICLE
Chicago
Kansas
Nebraska
Bean Dies in West End Hospital in Birmingham
W B Bean longtime Hartselle merchant dies at 11 AM in West End Baptist hospital Birmingham. Funeral arrangements to be announced by Brown. Bean was father of Mrs. Harry Malone of Decatur who was at his bedside.
MENTIONED IN THIS ARTICLE
W.B. Bean
Hartselle
West End Baptist Hospital
Birmingham
Brown
Decatur
Bean
Harry Malone
Senate considers Reed for high court amid partisan views
Hearings may be held on Reed nomination as several senators praise his legal record. Minton expects hearings, while Capper and McAdoo voice strong support. Norris says no known faults, and Barkley signals gallery intrigue as the nomination lands on the senate desk.
Also Mentioned on This Page
Wall Street
N. C
Nashville Livestock
Crawford
M’gill
Decatur’s
BE. OC
Powell and
Winston Eee
Huntsville
8. FE. McDowra
M. R. Baucher
J. B. Patterson
Lacon
M. J. Millican
Robert Chandler
Ruth McBride
J. C. Penney Co
D. D. Norris
Sherman Grant
Flint
Herman Sandlin
W. E. Kilgore
Gee
Milton Andrews
Denver
Eugene Jackson
Decatur High
G. E. Porter
Moulton
J.B. Royer
D. N. Nappier
Waldermose Springs
Baugh’'s
J. H. Scruggs
Route 3
B. F. Nichols
X. Ae
Ae Sa
Boy Scouts
Pauline
Martha Rich
J. M. Williams
Rogersville
Business Today
Joe Weatherly
Decatur Grid
Jack Hunter
Alre
Charley Barrett
Franklin Moore
Capt
van Gilbert
Russell Brothers
North
Street Sandlin
Baugh’'s Infirmary
W. B. Chance
Cullman Route 7
Baugh’s Infirmary
Elizabeth Tucker
Elkton
John Hardy
France
Manded
Europe
Burke
Pittsburgh
Kan
Calif
Ark
Capitol
Maurice
Genaker
Chicago Grain
W. B. Bean
West End Hospital
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