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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
May 04, 1938
Page
2
New York reports show the French franc slipping past three cents as Paris faces a Poincare era crisis. Traders expect eventual devaluation toward about 2.75 to 2.77 cents with tripartite talks possible in July to stabilize francs, pounds, and dollars under a new basis.
Murray Levine urged leniency for Frank J. Maltese who pleaded guilty to attempted extortion in the case tied to Levine's missing 12 year old son Peter. Judge Paul S. Street sentenced Maltese to an indeterminate term in Elmira reform. Maltese's brother in law Pascal Parisi faces sentencing tomorrow.
The junior senior banquet at Central High School gym Friday night will be the largest attended in local history. The junior class hosts seniors. event starts at 6 o clock with blue and white decorations. The Decatur senior class has 112 members and juniors 100. Northey Cox and his orchestra provide music with song and dance numbers as features.
Gold stocks showed unexpected strength before a retreat as trading quieted after a failed rally. Friction in the franc pulled back buying while U S government bonds edged higher and U S Steel and others drifted lower. Futures rose modestly amid mixed commodity moves and optimism on banks reaccessing industrial loans.
Prime cottonseed meal futures closed steady in Memphis on May 4 with May at 20.20 and December at 22.25. Trading volume totaled 2,200 lots with prices listed for several futures contracts from May through December.
Cotton market report from Liverpool on May 4 notes 2 000 bales traded including 200 American. Spot quiet with prices up about six points. Quotations list American and middling grades with figures around 5.57 to 3.52 and related middling and low categories.
Spot cotton closed quiet and unchanged in New Orleans. Sales 359 bales with low middling 7.41, middling 8.81, good middling 9.46. Receipts 1,028 and total stock 769,457 bales.
The average price of middling cotton at ten southern spot markets on May 4 was 8.65 cents a pound, the average for the past thirty market days. The note quotes a 75 cent per pound variance.
New York and Chicago reports show gains in stocks and oil while bonds remain firm. U S government securities steady, currencies mixed as francs weaken. Cotton quiet with steady demand. sugar and coffee mixed/steady. Wheat firm in Chicago. corn up on export activity. poultry steady with typical weights and prices unchanged.
A Saturday and Sunday of visits fills Rocky Ford area with family gatherings and friends. Numerous households including Hendersons, Garris ons, McNutt, Self, West, Higdon, Bussey, and Taylor host or receive relatives and neighbors across town with dinners, games, and casual calls.
Chicago reports butter prices steady on May 4 with 851,720 pounds traded. Eges 24,607 stored. extras 2012. Firsts 2014. other prices unchanged.
U S Dept of Agriculture report from Nashville Tennessee notes cattle and calf offerings around 100 head each with meager supply but steady trade. Beef cows and cutters range 3.50 to 4.75 while steer and heifer classes sit 6.50 to 7.50. top vealers at 8.50. Hogs steady with 170 to 225 pound animals at 7.10 to 7.35 and other weights 6.60 to 6.85. sows 5.25. Sheep heavy with 1,000 head, spring lambs about 9.25, woolled lambs 7.00 or less, fat sheep 2.50 to 3.50.
Chicago May wheat rose 1/4 to 80 5/8 as rust fears from Texas spreading north influenced trading. May corn advanced to 57 1/8 with July at 58 5/8 while oats held steady, with gains offset by earlier losses on damp weather concerns and bank growth in Kansas and Nebraska increasing rust risk.
Clarence Saunders, former head of Piggly Wiggly stores, plans legal steps to keep possession of the Palatial estate Annswood. William H. Terry, manager of the New York Giants, bought the 300 acre property at public auction. Saunders says he will await court service before announcing further resistance.
Harry Walker a longtime state political figure lost the state senate race by unofficial returns. In Limestone county Walker 1,212 to Malone 1,117 while Lauderdale county showed Walker 972 to Malone 1,880 with several county boxes still to count.
The council reviewed church decisions from 1828 and 1832 and discussed a 1906 clause in the articles of religion. Judge Lawson said the annual conference is not a constitutional unit, reinforcing the merger plan. Supporters of merger voiced satisfaction while anti merger voices offered no immediate comment.
Senator Vanderberg of Michigan warned in the senate that a rising protest among farmers shows they are beginning to grasp what happened to them under the new farm program. Southern senators pressed changes to cotton and tobacco controls and charged the agriculture department with misreading the act by allotting quotas by farm rather than by acreage.
Hikia Kelsoe an 11 year old of Decatur route 3 is recovering at Baughs Infirmary with four broken bones in her left arm after being struck by a car Monday afternoon in Austinville while crossing the street.
Decatur diary items report The Happy Band Seeing Circle meets Thursday at 2 30 with Mrs George Evans at 1115 Sixth Avenue South W E Childers of Hartselle route 2 visits. Officials include W W Foster Social Security Birmingham on business Miss Flora Drake returns to Dr A M Roan office duties. Six offenders in police court charged with drunkenness or prohibition violations. Thomas Durham and Robert Ivey receive anti rabies vaccines from Tennessee Valley Laboratory. Davis Evans recovered from pneumonia and moved home. Pruitt Livingston of Danville in Decatur Monday.
A fourth grade student at Austinville grammar school, Miss Kelsoe, was struck by a car driven by W O Rice while crossing the street after finishing her work. She suffered a broken left arm just below the shoulder. officials deemed the accident unavoidable and said neither party saw the other.
Newark May 4 The Federal Bureau of Investigation will examine charges by Norman Thomas socialist leader that he was kidnapped and his constitutional rights denied during an attempted May Day eve speech in Jersey City The inquiry was promised by the United States attorney's office Two Jersey City police officials were involved in the case
Thomas filed three complaints alleging the Lindbergh kidnapping law violations by Deputy Chief John J. Underwood and Chief of Detectives Henry Gauthier. He says he was unlawfully seized and abducted from Journal Square to a New York bound ferry Saturday night.
James P. Miller led Bob Almon in the Lawrence county solicitor race with 1658 to 1615 in unofficial returns. Ben Corum led for sheriff with 1060, and George Byars followed with 927. four boxers were not yet reported.
The Soviet purge reportedly cost 1500 lives while the French reign of terror saw about 30000 political victims. Both figures reflect historic political repression and its human cost across two eras.
The Tennessee Valley Laboratory April report shows 41 positives from 328 syphilis tests in Morgan county, part of 176 positives from 1248 specimens across seven counties. The director, C. C. Johnson, notes the figures are the year's high. One rabies positive came from six tests.
Memphis sheriff officials say Dr. Ross Anderson 30, obstetrician and Kingston Ontario native, died by self inflicted gunshot. Body found in ditch after six days missing. pistol beneath him. No inquest planned. financial troubles of others cited as despondent factor. Anderson’s father E. Anderson to travel from Kingston for funeral arrangements.
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