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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
May 11, 1938
Page
2
West Virginia authorities and volunteers search woods near Bradford for Marjory West, believed abducted from a family picnic. Mother Eiley West appeals through an American Legion post, offering no questions asked for safe return.
The Priceville school calendar lists key events in May: a class play likely May 15, a commencement address May 15 delivered by Rev. B. P. Col, an operetta May 18 titled Bits of Blarney, and Class Night with a Baccalaureate Address by Dr. M. E. Lazenby on May 20.
The New York stock market rose in late trading with many shares above April May recovery levels while profits were taken as traders felt the rally had run its course. Steel names lagged as major producers and other groups strengthened. bonds held gains and farm price outlook weighed on calculations. Cottonseed meal futures in Memphis closed quiet with modest gains across the forward curve.
May futures closed steady with a 2 point gain to a 1 point loss across the board. Market levels show modest advances and declines as traders digest nearby demand and supply signals in New Orleans trading for May and July contracts.
The average price of middling cotton at southern spot markets was 8.69 cents per pound today, with the thirty day average at 8.75 cents per pound.
In New Orleans on May 11 cottonseed oil closed steady with bleachable prime summer yellow at 8.10 nominal and prime crude ranging from 6.50 to 6.87 for 1 2.
Stocks firm as utilities lead a new rally with bonds and all groups advancing. In New York contracts show improved curb demand for utilities, foreign exchange quiet with sterling up. Cotton uneven amid local and Cuban buying. Coffee weaker on Brazilian selling. Chicago wheat higher due to southwest crop damage, corn firm on large export business. Cattle strong up to 25 cents, hogs 5 to 10 cents higher.
May 11 report shows 41 trucks delivering live poultry including hens and chickens steady. small hens easy. hens 5 lbs and under 20. roosters 14. leghorn roosters 13. geese 11. all other prices unchanged.
Butter prices steady at 4 cents with creamery extras and firsts near 90 scores. Butter trade totals 927,816 pounds with standard prices around 25 cents per pound. Eggs marketed at 22,727 units with no price change.
Chicago May reports show upturns in wheat with late bulges around two cents. Southwest drought notes from Oklahoma and Texas spark attention as some Texas areas report crop failure. May wheat at 81 1/4 to 81 1/2, July 79 1/8 to 79 1/4, corn up 5 8-7 8, May 58 1/4, July 59 3/8 to 1/2, oats up 1/4 to 1/2.
The group urged ending tax exempt securities and cutting Social Security taxes, easing business restrictions, reforming Wagner Act, repealing the Thomas Greenback Law, and banning federal relief funds that compete with private firms. They denounced the lending program at their first legislative strategy conference, predicting the deficit could reach $5,000,000.
Reports describe a brief battle in Rio de Janeiro ending a fascist uprising against the Brazilian president, while Haile Selassie travels to Geneva to seek League of Nations support. The note contrasts global tensions as Japan pounds central China and European powers maneuver over Ethiopia.
A coal chute collapse at a L N yard traps workers including W P Alford who dies at the scene. Carden and Eubanks are freed as ambulances draw crowds and rumors spread of more deaths. Alford, 63, from Elmore, served 20 years with the railroad. funeral arrangements set for Elmore.
More than a dozen clergy men were arrested in Leningrad Province on charges of fascist spying debauchery and plotting against the Soviet regime according to the Atheist Bezzobhnik newspaper.
A small fire partially damaged a barn at the Milam residence on Sixth Avenue South. No injuries reported and cause under investigation.
Montgomery Alabama Mayia State Representative Chauncey Sparks who withdrew yesterday as a run off Democratic candidate for governor filed a statement with Secretary of State Howell Turner showing campaign expenses totaling 7604 dollars.
The De catur Kiwanis music committee plans Thursday’s program at the Tennessee Valley Hotel with Marvin Rankin Bob Daniels and G P Ban aiza in charge. Congratulatory notices go to Dr Frank Chenault and Dr Hughes on birth anniversaries. Also items report hospital visits church lectures and local travels including Luther Carter’s illness improvement and various residents in Birmingham Detroit and Hartselle.
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