Gold Price Taken As Inflation Avert Plan Inaugurated
Speculators cooled as the Reconstruction Finance Corporation set an initial gold price interpreted as signaling a conservative dollar policy. Wheat in Chicago rose one to two cents a bushel while cotton in New York surged a dollar per bale before trimming gains. Stocks edged higher with mixed early results as banking circles termed the move reassuring against drastic inflation.
MENTIONED IN THIS ARTICLE
New York
Reconstruction Finance Corporation
Chicago
Roosevelt credit program signals shift amid bank easing
The Federal Reserve backed Roosevelt's credit plan by trimming weekly government securities purchases by 4 million and lowering the New York rediscount rate to 2 percent. Excess reserves hit a record 800 million as policy aims to spur bank borrowing and broader credit access.
MENTIONED IN THIS ARTICLE
Federal Reserve
Roosevelt
New York Bank
Skvirsky
Russia
Boris E. Skvirsky
Washington
Chita
Moscow
United States
Far Eastern
Shvirsky
State Department
Lindbergh
Siberia
Wilbur
Bering Sea
Litvinoff
James M. Landis
Harvard
Federal Trade Commission
Felix Frankfurter
Landis
Pershing
Geo. Dern
University of Nebraska
John J. Pershing
Tenth Cavalry
Dern
FCIC Offers 31.36 Dollar Gold Purchase Price
The Reconstruction Finance Corporation announced a plan to buy newly mined gold at 31.36 dollars per ounce, 27 cents above the day’s opening world prices, paying with 90 day debentures that could be converted to cash. Officials described a method to retire the debentures to deliver the full purchase price over time.
MENTIONED IN THIS ARTICLE
Jesse H Jones
Reconstruction
Finance Corporation
Disarmament Parley May Delay Meeting in Geneva
The steering committee of the disarmament conference proposed adjournment number 4 with the understanding that the talks would begin on the date if President Henderson and the committee believe sufficient progress has been made and it would be useful to convene.
MENTIONED IN THIS ARTICLE
Geneva
Tod
Arthur Henderson
Work Starts Soon At Maxwell Field
Maxwell Field in Montgomery begins three building projects totaling 85 756 dollars. Algernon Blair awarded a mess building contract for officers at 40 999 dollars. Smith Pew Construction Company of Atlanta wins garages for 29 757 dollars and John T Mapel of Fairburg will install the electrical distribution system for 13 000 dollars.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Maxwell Field
Algernon Blair
Smith-Pew Construction Company
Atlanta
John T. Mape
Fairburg
One Case Heard In Police Court This Morning
Only one case was heard in police court this morning a negro charged with carrying a concealed weapon. He was assessed a fine.
W. R. Johnson Visits Anniston On Business Mission
W. R. Johnson is in Anniston this week on a business mission. He aims to meet local officials and industry partners to discuss cooperation and investment opportunities.
MENTIONED IN THIS ARTICLE
Anniston
W. R. Johnson
TVA Chairman Dr. Arthur Morgan Visits Decatur
Dr. Arthur E. Morgan, chairman of the Tennessee Valley Authority, toured Muscle Shoals area and Wilson Dam then lunched at Lyons hotel in Decatur before continuing to Knoxville. His party included advisory engineers C. H. Locker and C. H. Paul, U S Army Capt Riley, W. H. McAlpin, F. P. White, W. A. Barker, and John L. Bavage.
MENTIONED IN THIS ARTICLE
Arthur E. Morgan
Tennessee Valley Authority
Decatur
Muscle Shoals
Wilson Dam
Morgan
Lyons Hotel
Knoxville
TVA
Tennessee Valley
Tennessee Valley. Among Those In Dr. Morgan Party Were: C. H. Locker
Capt., Riley
United States Army
W. H. McAlpin
St. Louis
C. H. Paul
Dayton
F. P. White
Norris Dam
W. A. Barker
John L. Bavage
Reclamation Bu
Kiwanis Meet Thursday Night With Farm Talk
This week Kiwanis Club will meet at 6 o clock Thursday evening led by Arthur Jones and the agricultural committee. Country Farm Agent W H Gregory will speak, described as a knowledgeable young man on farm problems. A suggestion to provide a Decatur gathering place for farmers and families was raised last week by B C Shelton after Webster McLeod discussed the cotton program.
MENTIONED IN THIS ARTICLE
Kiwanis Club
Arthur Jones
W. H. Gregory
Mr. Gregory
Webster McLeod
B. C. Shelton
Decatur
Alert to Pawn Shops on Stolen Illinois Watch
Huntsville police warn local pawn shops to watch for a yellow gold Illinois watch size 18 with 21 jewels, reported stolen from Mrs Rae Monday night. Investigators say suspects may attempt pawn here.
MENTIONED IN THIS ARTICLE
Illinois
Local Board of Compliance Convenes to Review Complaints
The Local Board of Compliance met at the Chamber of Commerce with Bryan McAfee presiding. Members H. B. Beard A. W. Hill Vera Austelle J. M. Pettey L. M. Jones and McAfee selected George D. Williamson as chairman. The board will investigate fires and finalize operating plans at the Thursday meeting.
MENTIONED IN THIS ARTICLE
George D. Williamson
Huge Wheat Purchases Shaping Relief Efforts
The Federal surplus relief corporation has bought 6.8 million bushels of wheat to date, including 700,000 bushels cash wheat. Announcement followed Hopkins bid requests for 15 million pounds of canned beef for the needy, with plans for further large purchases in coming months for relief needs.
MENTIONED IN THIS ARTICLE
Washington
Federal Surplus Relief Corporation
Harry L. Hopkins
Relief Administration
Farm Credit Organization
John Wilks Returns to Decatur City Hall After Illness
John Wilks resumes duties at Decatur City Hall today following a bout of influenza. He returned to work amid cautious approvals from city officials and coworkers.
MENTIONED IN THIS ARTICLE
John Wilks
Decatur City Hall
Graf Docks After Night Storm At Akron Airport
The Graf Zeppelin, commanded by Dr. Hugo Eckener, rode out a autumnal storm overnight in Akron Ohio docking after 33 hours at sea. The airship carried 21 passengers and 47 crew members as it moored to the 170 ton mast missing heavy winds and snow. Officials reported Eckener waited for wind conditions before final docking decisions.
MENTIONED IN THIS ARTICLE
Akron
Ohio
Miami
Macon
Hugo Eckener
Anto
Chicago
Graf
Dr. Eckener
Graf Zeppelin Seen Over Alabama En Route to Chicago
The Graf Zeppelin dirigible passed over Wilcox county Wedowee Anniston Gadsden and Scottsboro as it rode foggy skies from Miami toward the Century of Progress exposition in Chicago. The craft crossed from Georgia into Alabama near Columbus early Tuesday morning and was tracked over several towns before continuing north.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
Wilcox County
Wedowee
Anniston
Gadsden
Scottsboro
Alabama
Miami
Chicago
Georgia
Columbus
Mrs J H Highsmith and Baby Seek Treatment in Decatur
Mrs. J. H. Highsmith and a baby from Moulton are in Decatur for a few days as the infant receives medical treatment locally.
MENTIONED IN THIS ARTICLE
J. H. Highsmith
Moulton
Decatur
Letter Shows An Early Interest In The Shoals
Governor Israel Pickens advocates a canal around Mussel Shoals to connect the Tennessee River with Mobile and the Gulf. The 1825 letter, found in state archives, notes surveys, land speculation concerns near Muscle Shoals, and the canal route spanning parts of Tennessee.
MENTIONED IN THIS ARTICLE
William I. ‘Truby
Associated
Proag
Cahaba
Ala
Mussle Shoals
Tennessee River
Mobile
Gulf of Mexico
Israel Pickens
Tennessee
Suspect Clardy Held After Moody Attack Near Athens
A man claiming to be Clardy was taken into custody Tuesday night by Limestone County Sheriff Baker and jailed on suspicion of assisting the Moody assault near the Meyer Ms place in Limestone. Moody remained hospitalized with severe head wounds and multiple injuries with his condition described as improving slowly.
MENTIONED IN THIS ARTICLE
Clardy
Baker
Limestone County
Paul Moody
Meyer Ms
Limestone
Moody
Conamir
Clark
Bud Davis
Morgan County
South Limestone
Davis
Scottsboro
Athens
Harris Station
W. P. Moody
Owassa
Riggsbee
Decatur
South Lawrence
National Guard
Benevolent Hospital
Fashion Show at the Princess Tonight
Buttrey presents a fashion show at the Princess Theatre this evening at 8:30 o clock. Models include Mrs James King Miss Elizabeth Malone Mrs Roy Poteet Mrs J O Colvard Miss Ethel Harrison Miss Nell Johnston Miss Frankie Smith Miss Lougene Clem and Miss Myrtle Graves.
MENTIONED IN THIS ARTICLE
Buttrey
Princess Theatre
James King
Elizabeth Malone
Roy Poteet
J. O. Colvard
Ethel Harrison
Nell Johnston
Frankie Smith
Lougene Clem
Myrtle Graves
Cotton Ginnings Lead Last Year
Census Bureau reports this year's cotton ginnings total 8,605,560 bales up to October 18, compared with 7,300,004 bales at the same date last year. Alabama recorded 740,454 ginnings.
MENTIONED IN THIS ARTICLE
Washington
Mass meeting on municipal ownership of Decatur power plant
About 300 people attended the Jan meeting at the Junior Chamber hall as citizens push for municipal ownership of a light and power plant in Decatur. Lamar Penney chaired the session with new officers and committees named for publicity and public speaking.
MENTIONED IN THIS ARTICLE
Chamber of Commerce Hall
Citizens Committee
Decatur
Lamar Penney
R. C. Nungester
H. R. Summer
Otto Moebes
Jimmie Doss
J. L. Doss
Cullman Power
Prewitt Stinson
H. A. Griffin
Harry Wyatt
R. N. Harris
P. P. Gilchrist
Decatur City Hall
Hearing Set for Robbery Charges Against Payne and Pridmore
Don Payne and Orville Pridmore, jailed in Madison county on robbery and grand larceny charges, are to appear before Justice Bailey Saturday morning. A warrant by Roosevelt McDaniel, a Bluff City resident, accuses them of robbing him of a automobile hogs and cotton from his wife.
MENTIONED IN THIS ARTICLE
Don Payne
Orville Pridmore
Kilgore and
Britnell
Madison County
Huntsville
Justice Bailey
Roosevelt McDaniel
Bluff City
Injured Inspector Resumes His Duties
Friends of C. W. Wilson, inspector for the Louisville and Nashville Railroad, report he has recovered from injuries and is able to resume his duties after an illness or accident.
MENTIONED IN THIS ARTICLE
C. W. Wilson
Seventh Avenue
West
Louisville and Nashville Railroad Company
Tucker’s found guilty in slaying Miss Stewart
Rev. John L. Tucker, former Baptist minister of Decatur, must serve a life sentence for the murder of his cousin Miss Matilda Stewart of Decatur. A Conway Arkansas circuit court jury delivered the verdict after testimony and a coroner’s inquest raised questions about the death. Funeral services were held August 4 at Moulton Heights Baptist church with burial in Roselawn cemetery. The victim was survived by her father A J Stewart, five sisters and two brothers.
MENTIONED IN THIS ARTICLE
John L. Tucker
Decatur
Matilda Stewart
Conway (Ark
Tucker
Wesley
Andrew Stewart
Arkansas
Moulton Heights Baptist Church
Roselawn
A. J. Stewart
Andrew
Mary Ann
Lucy
R. C. Tucker
G. White
Melvin Lewis
Sarraut Asked to Form Cabinet in Paris
Paris reports Albert Lebrun asked Senator Albert Sarraut to form a cabinet. Sarraut leads the conservative radicals and holds a strong senate position. It was expected he would take the affairs office with Georges Bonnet as minister and Joseph Paul Boncour as minister of Justice.
MENTIONED IN THIS ARTICLE
Paris
Albert Lebrun
Albert Sarraut
Sarraut
Radicals
Senate
Paw
Georges Bonnet
Joseph Paul Boncour
Also Mentioned on This Page
IW Pearson and
Robert S. Allen
Fice
Magdalen Rose
Oberammergau
Klare Mayr
Mary Magdalen
A. E Morgan
Valley
Kiwanis
County Agt
Gregory
Local Board OF Compliance
Wilks
Akron Docks
Batles
Associated Press
Capitol
Gov. Pickens
Moody’s
Princess Tonight
U. S
Edward McCann
McCann
Hiss
MOSS
Tuckers
Stewart
Lipe Sentenc
Undertaker
France
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