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Newspaper
Gary Evening Times
Location
Gary, Indiana, United States of America
Date
Apr 20, 1933
Page
7
The White House announced Roosevelt will halt further gold exports and let the dollar find a new level, signaling a break from the gold standard. The move aims to raise U S price levels, devalue the dollar abroad, and adjust currency relations worldwide, triggering stock and commodity rallies.
Speculators bid 5 points at a 7,000,000 share rate while wheat and sales hit seasonal highs and silver jumps toward the daily limit. Prices for almonds and dollars falter as exchanges reflect rising prices and shifting currency expectations. President Roosevelt signals broader currency and finance actions, seeking congressional permission for wide latitude in discussions with allied leaders MacDonald and Herriot. Aimed at aligning monetary policy with global shifts, officials anticipate coordinated measures if divisions persist.
Experts say price movements show yardsticks can ease free trade as busy markets review statis trends. They forecast continued price stability amid rising demand and ongoing orders in multiple sectors.
The South Bend Mishawaka Planning Development Association, with hundreds of members, petitions the Public Service Commission for immediate relief from high telephone and electricity rates. Three petitions target Indiana Bell Telephone, Indiana and Michigan Electric, and Northern Indiana Public Service Company, accusing rates of relying on fictitious capital and inflated valuations while funding high administration costs and perks.
Four LaPorte county Democrats met in Indianapolis to press patronage for state appointments including highway sub district superintendents and truck drivers. They discussed potential changes at the Michigan City state prison with Warden succession rumors, while Governor McNutt had not yet decided on any wardenship shift.
In early Montana records explorers note that Indian medicine men used remedies such as pulverized rattlesnake buttons and animal castor to treat ailments and to induce childbirth, reflecting superstition alongside traditional cures.
Fragmentary notes describe use of ergot tea from checkecherry bark for stomach disorders and tea from juniper roots to treat coughs. Elm poultices aided bone healing, Arewerd roots served as sedatives, and mint and cattail roots helped digestion. Capt. Clark’s 1804 account notes relief from an ailment after tea.
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