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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jun 04, 1938
Page
2
Peach argues against a commission form, claiming it would cost over $20 000 more in four years and push TVA power delays. He accuses reform advocates of misusing funds, defends current bond payments, and cites taxi regulation and liquor enforcement as governance issues.
Stocks rose fractions to over two points led by Industrials amid thin trading. Gains spread across steel, GM, Chrysler, U S Steel, Westinghouse, GE, Du Pont and others as investors weighed inflation psychology, anticipated Senate actions, and possible dollar devaluations. optimism and Armistice signals buoyed the market.
In New Orleans on June 4 the middling cotton price at ten southern spot markets averaged 8.11 cents a pound. The thirty day average stood at 6.49 cents a pound.
In New Orleans on June 4 trading, cottonseed oil futures closed steady with July at 7.46, September 7.20, October 7.10, December 7.06, and January 7.10 cents per pound.
Western stock calves and vealers show steady demand with top vealers at 8.50 and 7.75 to 8.50 for butchers. Cows, sows and lambs noted with varied quotes. dairy butter prices weaken with 1,617,781 pounds reported and cheese prices steady alongside egg receipts and unchanged current prices.
Federal and local investigators questioned witnesses at FBI headquarters in Miami as they pursued leads in the Tamiami Trail case. Authorities said no charges filed yet. At headquarters several men and a local youth identified as associates remained under scrutiny while cash serials from a ten thousand dollar ransom were broadcast. Indiana police extended searches after a boy resembling "Skeegie" was reported near Fowler.
Rex Finley in Birmingham on business. Mrs. J. F. Ray recuperating after a Birmingham hospital operation. Joe Sneed on a week’s vacation from Morgan County National Bank. Jean Carolyn Ray born June 2 to Mr. and Mrs. BE Ferguson. Various local health updates and community notices. Absentee ballots casting for June 14 primary and June 21 municipal votes noted. Choir meet at First Presbyterian Church set for tonight. Paul Wilson Yates of Hartselle visiting.
Cotton futures in New York closed higher by 35 points with July at 8.06, October 8.16, and December around 8.11. Spot cotton in New York steady at middling 4.06. New Orleans futures posted 2 to 3 point gains with July around 8.19 and December near 8.24, while May traded around 8.26.
Spot cotton in New Orleans on June 4 closed quiet up 3 points. Prices: low middling 6.97 cents, middling 8.22, good middling 8.77. Receipts 003, stocks 700,722.
Futures for 41 percent cottonseed meal end dull in Memphis trading. Closing prices listed for June through January show modest gains, with a total sales figure of 800 units.
Nashville Tennessee June 4 cattle and calves market noted as nominally steady compared with week ago. Most cattle active and strong with bulks for plain and medium grass heifers and steers 6.50 to 8.00 dollars, good fat steers and yearlings to 8.50, beef cows and bulls priced accordingly.
Charlies "Red" Roberson, driver for American Bakeries, avoided serious injury after his South Second Avenue truck overturned at the Grant Street crossing. He swerved to the right to avoid a westbound car, then the rear wheel locked and the truck toppled onto its left side. No injuries reported. bread boxes were scattered and bystanders assisted in righting the vehicle.
Edgar Howard Borek of Manhattan College defeated Harvard runner Alex Northrop in the one mile with a time of 4 minutes 13.9 seconds at Randalls Island stadium. The rain soaked track toppled the 25 year old NCAA A.A. record of 4 4 4 set by John Pall Jones of Cornell in Cambridge 1923.
The article notes that PURSESTRINGS for PWA projects require substantial completion by September 30 1940 and imposes a five percent relief administration cost cap. It also reports Senator Thomas D Okla proposes a minimum $40 monthly wage for WPA workers, while Senate rejects earmark amendments 43 to 20, including Copeland NY proposal to set aside 325 million dollars of PWA funds for flood control and river and harbor projects.
Washington June 4. Lessons from Spain and China push the army to rewrite tank tactics. A Fort Benning board is revising the manual for tank use. General Malin Craig cites anti tank guns armor defects and tactics as reasons tanks failed in Spain and North China.
A federal judge had not answered by today whether Mayor Hague's administration could bar Chief Justice's speech if protests risked bloodshed and riot. The hypothetical query remained unresolved after three days of the CTO versus Hague free speech trial in Newark New Jersey.
Volney E. Harrison aged 16 of Rainsville Alabama died from injuries suffered in an automobile crash two months earlier. Funeral services were conducted in Town Creek this morning.
The government faced a freight train bombing at San Luis Potosi state and renewed religious friction in Tabasco state as of today, highlighting security and sectarian challenges across the nation.
A Washington D C hospital opens a special room for expectant fathers featuring deep leather chairs and a “diverting” setup aimed at easing the wait during childbirth. The facility showcases a novel focus on family involvement and patient comfort.
The United States circuit court of appeals dismissed Inland Company's petition to review an NLRB order directing a cease to unfair labor practices. The court upheld the board’s dismissal due to the labor withdrawing its order, noting the Supreme Court precedent that orders can be withdrawn or modified before full transcript filing. Inland and Republic were involved in the strike led by the Amalgamated Association of Iron, Steel and Tin Workers.
The plan proposes a starting minimum wage of 26 cents an hour with 30 cents in year two, then two cent yearly rises to 40 cents. An admin empowered to survey industry effects could temporarily waive increases if firms face collapse. Bed rock wage set at 25 cents. no exemption below 2 1/2 cents. Child labor provisions ban oppressive labor for under 16 in interstate commerce.
London Kentucky June 4 The government began weeding out witnesses in the trial of Harlan Countians charged with obstructing unionism among coal miners. Of 274 called, many were excused without testifying as nine ty witnesses have testified over the last two weeks in federal court.
Tax collectors notify listed heirs executors guardians and trustees of taxes due on estates in Beat Nos 1 6 8 10 11 13 with amounts from 4.99 to 82.76 and printer fees. Court to hear June 13 1938 to decree sale of taxed property to pay taxes and costs. Signed B L Malone Judge of Probate. May 21-236 June 4.
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