New York Stock Exchange Implements Stricter Margin Rules
The NYSE governing committee announced new rules raising minimum margins and requiring weekly pool and joint venture reports. It bars soliciting business at customers homes and links margin levels to account balances, with higher margins for accounts over 5000 and lower balances subject to different percentages. Richard Whitney presented the plan, noting the changes reflect ongoing exchange policy evolution. Page 2 continuation referenced.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
General Joenson Denounces Strike in Western Pennsylvania
General Joenson declares uncertainty over who is right in the Western Pennsylvania bituminous strike. He denounces local troublemakers and urges national unity for recovery, urging support for the plan and men backing the drive. He links Roosevelt recovery efforts to policy goals amid the unrest.
MENTIONED IN THIS ARTICLE
Tinerlaburg
Geneal
Dalynson
Pennsylvania
Johnwin
Beldon Patten Heads the Young Baptists of Montana
Hal don Patten of Livingston was elected president of the Baptist Young People's union of Montana at its annual assembly held south of Livingston. Vice president is Vielen Ryan of Missoula, secretary Marguerite Rinderknecht of Bozeman, treasurer William Paterson of Miles City, and publicist Clara Finerman of Grant Falls. Directors include Barbara Richards of Butte, Bordena Leach of Bozeman, Winifred Pensa of Glengow, and Bob Wilson of Billings.
MENTIONED IN THIS ARTICLE
Livingston
Haldon Patten
Baptist Young People's Union of
Winifred Pensa
Clangow
Bob Wilson
Billings
Labor Tiffs Mount Across East State Amid Strikes
News reports describe widespread strikes and picket lines in New York and surrounding counties with a spike in truck dumping. Gov Gifford Pinchot's wife joins silk hosiery workers in Philadelphia while in Harrisburg Virginia Johnson urges coal operators and miners to end the dispute. In Cleveland Klup Motor Car and Van Dorn Iron workers walkouts push wages hours demands as western Ohio also faces labor unrest. Continued on Page 2.
MENTIONED IN THIS ARTICLE
Trias
New York
Pennsylvania
Gifford Pinchot
Philadelphia
Harrisburg
Jtugh S. Johnson
National Recovery
Tn Okly
Ohio
Cleveland
Emploree
Klupp Motor Car Corporation
van Dorn Iron Works
Ines
Western
Heat Wave Claims Dozens Across East Coast
A brutal heat wave shatters regular life as New York hits 98 degrees and deaths rise nationwide. Heart disease aggravated by heat kills many, while officials report 15 drownings in Newark and varied temp records from Boston to New Orleans. Some relief from showers and cooler air moves in as portions of the South see calmer conditions.
MENTIONED IN THIS ARTICLE
New York
Newark
Detroit
Mentarttan
Nashville
New Orleans
Litto Rack
State goal dealers frame then COO
Bitte Aug. 2. Coal dealers from half a dozen western Montana cities today adopted a rode calling for a 40 hour week under the industrial recovery act. G. O Blinn of Dillon, president, presided at the meeting attended by tam bora of the coal dealers association from Anaconda, Deer Lodge, Butte, Bozeman, Dillon and Missoula.
MENTIONED IN THIS ARTICLE
Bitte
Montana
G. O Blinn
Dillon
Tambora
Coal Dealers Association
Anaconda
Deer Lodge
Butte
Bozeman
Missoula
Infant dies in fire near Winifred. mother critically burned
Loylatown August reports a neighboring building fire near Winifred that killed an infant girl and left the mother severely burned. Neighbors extinguished flames after the baby’s body was found, while the father toiled in a nearby field. the mother’s condition remained critical.
MENTIONED IN THIS ARTICLE
Loylatown
Aig
Harry Hutcher
Winifred
Ruther
Amoko
Brooklyn realtor freed by kidnappers in ransom case
Nathan Baskowitz a Brooklyn real estate dealer was released unharmed by men who reportedly kidnapped him Monday night for a 35000 dollar ransom. His brother Arthur Bass claimed the ransom was paid but gave no explanation. District Attorney Delaney said the OConnell kidnapping case would go before a grand jury next week with Lt John O’Connell Jr as a key witness.
MENTIONED IN THIS ARTICLE
New York
Nathan Baskowitz
Brooklyn
Mico
Pugery
Monu
Tumbert Fugasy
Ann Baskowitz
Arthur Bass
Bass
Alheny
Nooy Awe
Miatrict
John T. Delaney
O'Connell
Ton Brand
National Guard
John O'Connell, Jr
Dan
President orders survey on kidnapping and racketeering
President Roosevelt ordered a special study on kidnapping and racketeering at the request of Attorney General and the Secretary of State to guide future federal and state enforcement. He vowed to marshal federal aid while withholding a final crime bill.
MENTIONED IN THIS ARTICLE
Made Park
N.Y. Ade
Clady
Roosevelt
President approves navy bulging plans for new warships
Trade Park Aug 2. President Tooxevelt approved the navy's plan to build 21 new warships in a 238,100,000 program. He studied recent bids and allotted funds, authorizing immediate start on work for jobs for thousands in government and private yards.
MENTIONED IN THIS ARTICLE
Tooxevelt
Navy
To Navy
Hla
Qwark
Abin Yardn
South Dakota Senate approves beer legalization bill
In a special session the South Dakota Senate voted 42 to 1 to approve a bill legalizing 4.2 percent beer. The measure now moves to the House where swift action is anticipated.
MENTIONED IN THIS ARTICLE
Pierre
South Dakota
Senate
House
Buyers Drive Coming Later
Washington reports pace quickening by Hugh S. Johnson expands the recovery administration wage and hour circle. Banks authorize 14 000 and 6 090 others to apply code provisions while industries press to set own limits. Hearings on coal and other codes continue as publishers sign up to raise wages and shorten hours under the blue eagle program.
MENTIONED IN THIS ARTICLE
Washington
Hugh S. Johnson
The
Recovery Administration
Johnson
Lee-Way
Amercan Bankers* Association
Roosevelt
miliMnery
Solt
Pensylvania
R. A
Blue Eagle
Senator Erickson Sees Roosevelt Program Set for Success
Senator John J. Erickson arrived in Helena on a brief visit and predicted strong support for President Roosevelt's recovery program. He praised the president as a dynamic leader with a clear plan, noted cooperative national sentiment, and highlighted farmers' optimism about the Agricultural Adjustment Act and better prices. Erickson, once Montana's governor, said he was glad to return and that Montana fares better amid growth challenges. Continued on page 2.
MENTIONED IN THIS ARTICLE
Roosevelt
John J. Erickson
Helena
Senator Erickson
Thare
Sisa
Montana
New York Milk Strike Expands Across State
Boonsile N Y Aug 3 P The New York milk strike widens after armed clashes as hundreds of cans are dumped by strikers. Central New York dairy plants report supply cuts of 50 to 75 percent. Striking Empire Dairymen members press to overturn the milk classification plan for a blanket price of four and one half cents per pint. Troopers mass at strategic points ready to quell roadside crowds.
MENTIONED IN THIS ARTICLE
Boonsile
N. Y
New York State
New York
Empire Dairy
State Milk Control Board
Dinpal
Oil Well Brought In In Blackfeet Indian Tract
The Fulton Hun gry wildcat in the Blackfeet Indian tract near Cut Bank folds is in production. The well lies about a mile west of the proven area and about the same distance into the Blackfeet reservation. Drilled into the off sands 45 feet deep with the bottom not yet reached. Operator William Fulton reports the discovery has created excitement among Mack eat cowboys. The well is at 600 feet in the pipe and known as Ane mia.
MENTIONED IN THIS ARTICLE
William Fulton
Montana
Reis
Laurel and Hardy Reconcile Divorce Case Dropped
Hollywood reports Stan Laurel announces he and Mrs Laurel have reconciled after a divorce suit, the couple smiling on stage as the film comedy team clears the air. Laurel adds the hard days are over and the pair plan to continue working together.
MENTIONED IN THIS ARTICLE
Hollywood
Ave
Laural
Mardy Ara
Lonat Vn
Stan Laurel
Mra. Laurel
Nald Laurel
Kansas Gang of Robbers Escapes After Coffeyville Heist
A gang of robbers terrorized Weir City for over four hours and stole the Weir City State Bank safe with $3,000. Citizens were seized and jailed. National Guard and posse searches failed to locate the fugitives as five men in an automobile paused at a farm eight miles from Coffeyville for a drink. The bank safe was moved and returned to Weir City under guard.
MENTIONED IN THIS ARTICLE
Coffeyville
Kas
Weir City
Nolles
Montgomery County
Kansas
Nowata
Oklo
Fivo
National Guard
Milton McLean
O'Clock
Welt City
J. C. Broadley
Montana Home Loan Offices Opened in Great Falls
Great Falls August 2 The Montana headquarters of the Home Owners Loan Corporation opened with a dozen homeowners interviewed in the first hours. H E C Car ruth, manager, and the staff were ready to provide information and aid to all qualified applicants.
MENTIONED IN THIS ARTICLE
Great Falls
Montana
Home Owners Loan Corporation
C. Carruth
Hig
Public Works Administration asserts right to fund nonfederal projects
Washington reports the Public Works Administration reserved the right to deal directly with political subdivisions without state interference. Secretary Ickes rejected Massachusetts Governor Ely’s demand to limit municipal dealings unless approved by a governor’s board. The agency will evaluate proposals on merit, aiming to fund nonfederal projects amid a $3.306 billion fund, with over $1 billion already allotted mainly to federal work. The board is to decide on precedent at its session tomorrow.
MENTIONED IN THIS ARTICLE
Washington
Public Works Administration
Ickes
Public Works Administrator
Public Works Board
Ely
Acceptances of code from Montana noted
Seattle report shows employers in Washington Montana and Wyoming accepting the Roosevelt blanket code, bringing totals to about 9 458 by noon with Washington 9536 Montana 678 Wyoming 244. More responses in the afternoon pushed the count toward ten thousand.
MENTIONED IN THIS ARTICLE
Seattle
Roosevelt
Washington
Montana
Wyoming
Deluge Hits Butte Causing Major Loss
A heavy downpour accompanied by lightning drenched Butte with nearly half an inch of rain in minutes. Cellars flooded and gardens swept away, with damage estimated in the thousands of dollars. Local reports note substantial property loss across the area.
MENTIONED IN THIS ARTICLE
Butte
Sovern
Martial Law Declared After Managua Arsenal Blast
Managua, Aug 2. Explosions at the Campo de Marta arsenal at midnight prompted a modified martial law declaration. Several arrests occurred during the investigation as four national guardsmen were injured and property damage mounted. The government sent 600 troops to Managua for control. Amid the unrest, crowds gathered at Santo Domingo plaza as rumors of fatalities circulated.
MENTIONED IN THIS ARTICLE
Managua
Nicaragua
Campo de Marta
Mana- Ama
National Guard
Managia Tron
Biasta
Santo Domingo Plaza
Also Mentioned on This Page
U. S
Richard Whitney
Stork Axe
Hayr Beett
General Joenson
Beldon Patten
Young Baptists
Pinchot
Pennsylvania Juiper Left
Shere Ifarry B. Rackney
Fayette County
Brownsville
LABOR
New Haven
Conn
Beaton
Baltimore
Peking
Kidmspers
Francis M. Stephenson
Maley
Mr. Roonevelt
Daya
Hoover
Agni
Troosevelt
Tix
Rancovelt
Treasury
Sears
Warmen
Eberly
Calindro
Setoher
Hudson River
Fanny
Admir William Standley
Naval Operations
Henr
Emory Land
South Dakota Senate
By James P. Selvage
Ehnator J. BE. Erickson
Blackfeet Indian Tract
Ncceptances OF
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