President empowered to control inflation sparks frenzied markets
Deluged with buying orders, markets surged as inflation control measures loomed. Stocks jumped with unprecedented volume on the New York Exchange and Chicago wheat and New York cotton futures climbed amid a rush to buy. Major blocks traded and several 40 000 share transactions marked a fevered trading day.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Chicago Board of Trade
New York Stock Exchange
International Nickel
International Telephone
Rockefeller
Standard Oil
New Jersey
U. S
North Carolina Legislature Passes Emergency Revenue Act of 1933
The House approved the biennial revenue bill creating a two per cent general sales tax on retail distribution with exemptions for gasoline and fertilizer. The measure, to last two years, imposes monthly taxes, licenses, and penalties. Senate changes expected via conference committee.
MENTIONED IN THIS ARTICLE
Raleigh
House
Senate
Newman
World-Wide Trade War Seen Over Gold Standard Move
London reports Britons disturbed by the U S abandonment of the gold standard. Analysts see a potential global trade confrontation as Roosevelt’s decision triggers dollar swings and uncertainties in Downing Street. Officials insist the goal is not pressuring MacDonald but allowing the pound to find its own level.
MENTIONED IN THIS ARTICLE
London
Great Britain
United States
Ramsay MacDonald
Washington
Morning Post
MacDonald
Herald
Britain
Roosevelt
Downing Street
White House
England
New York Federal Reserve Bank
Hali
Roosevelt aims rapid inflation control bill with Congress
President Roosevelt and his economic advisers work with congressional supporters today to draft legislation for swift currency expansion and inflation control. The plan seeks quick authority to direct a controlled inflation as Congress prepares action.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Senate
United States
White House
Thomas
D-Okla
Congress
Thomas Draft
Inflation Means In Cents And Dollars
The piece examines what suspending the gold standard means for prices and jobs in a shifting economy. It notes concerns over living costs, the dollar’s value, and possible inflation powers for President Roosevelt to stabilize currency and employment.
Baxter Dyson Held In Robbery At Filling Station
Baxter Dyson, owner of a Lexington filling station, is jailed on charges he robbed H. J. Parsons of Winston-Salem of 400 dollars after Parsons and friends stopped for refreshments. Parsons, injured when a passing car struck him during the escape, gave the warrant to Dyson, who denies taking the money. Bond was set at 1000 dollars. Parsons lingered in hospital with non serious injuries.
MENTIONED IN THIS ARTICLE
Lexington
Baxter Dyson
H. J. Parsons
Winston-Salem
Parsons
Dyson
Roosevelt monetary moves target foreign campaign says Rainey
Speaker Rainey said President Roosevelt aimed to counter a concerted foreign effort to suppress U S commerce with new monetary policy.
MENTIONED IN THIS ARTICLE
Washington
Rainey
Roosevelt
United States
Charlotte Society Matron Goes on Trial for Husband’s Murder
Mrs Ruth Peterman of Charlotte faces Mecklenburg Superior Court on a charge of murdering her husband Roy L Peterman vice president of the Southern Public Utilities Company. He was shot to death at the Peterman home on the night of February 15 3.
MENTIONED IN THIS ARTICLE
Charlotte
Ruth Peterman
Charlotte Society
Mecklenburg Superior Court
Roy L. Peterman
Southern Public Utilities Company
Peterman
Bill to guarantee deposits on federal reserve member banks
Representative Carter of California introduced a bill in Washington to guarantee deposits on all federal reserve member banks. The measure aims to strengthen confidence in the banking system and protect depositors during financial uncertainty.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Carter
Republican
California
Lindbergh and Wife Begin Transcontinental Flight
Col and Mrs Charles A Lindbergh took off from Loganfield Baltimore at 10 31 am heading on their announced transcontinental flight. A light rain fell as Lindbergh piloted the plane without hat rain coat or overcoat.
MENTIONED IN THIS ARTICLE
Baltimore
Charles A. Lindbergh
Loganfield
Lindbergh
Appropriation Approved To Launch Farm Price Program
Senate approves a 100 million dollar appropriation to fund the bread farm price lifting plan. The measure, part of the agricultural relief package, allows spending for market expansion and is tied to a proposed processing tax. Amendments on tobacco sweepings, anti trust concerns, and tariff powers are debated.
MENTIONED IN THIS ARTICLE
Washington
Senate
Smith
D-Sc
Agriculture Department
Kellar
D-Tenn
Bacco
Monkhead
Dala
McNary
Oregon
Russell
P-Ga
Walsh
Engineer Leads Texan To Stop In Flaming Crash
Engineer Charles Leadbetter of Little Rock halted the Missouri Pacific Texan after striking an oil truck near Moark Missouri. Fireman E. E. Hurt was killed. Leadbetter and passengers were burned but unharmed. the train bound for St Louis was delayed. A relief train took leadbetter and the dead fireman from the scene.
MENTIONED IN THIS ARTICLE
Poplar Bluff
Charles Leadbetter
Little Rock
Ark
Missouri Pacific
Moark
E. E. Hurt
Kip Nelson
Puene. Ark
Itn Leadbetter
St. Louis
United States Drops Gold Standard For Dollar
The United States moves off the gold standard for the first time since 1879 as gold exports cease. The dollar is no longer redeemable in gold and will find its level via supply and demand, with prices likely to rise on sensitive commodities.
MENTIONED IN THIS ARTICLE
New York
United States
Ing
Clarence Young's aviation legacy and a political shift in Amarilla
In Amarilia Texas on April 19 a flyer describes dust storms from farms and ranches and praises Clarence Young as a pioneer in aviation. The writer predicts major political change, stating it would take 12 Democrats to replace him.
MENTIONED IN THIS ARTICLE
Amarilia
Texas
Clarence Young
Commercial Aviation
Wright Brothers
Lexington Man Dies at 72 in Prohibition-Era Elector Biography
Abert A. Michael, 72, farmer and national elector on the Prohibition ticket in the 1932 election, died at his home near Lexington today. He is survived by his widow and seven children.
MENTIONED IN THIS ARTICLE
Lexington
Abert A. Michael
Here
North Carolina Delegation Heads to Washington Hearings
Raleigh reports that NC will be represented at freight rate hearings in Washington next week by members of the state corporation commission and the board of governors of the North Carolina traffic league.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Washington
State Corporation Commission
North Carolina Traffic League
Abandonment of Gold Standard Explained
Claude A. Jagger explains the United States move off the gold standard and toward a managed currency. The piece discusses reasons, inflation risks, and effects on international exchange, noting Britain’s earlier abandonment and the ongoing role of gold in global balances.
MENTIONED IN THIS ARTICLE
Claude A. Jagger
Associated Press Financial
United States
France Faces Possible Move Away From Gold Standard
Paris April 20 AP French financiers fear France may have to follow the United States off the gold standard. France is on a gold bullion basis with bars, as the Bank of England has taken much of France’s recent gold loss. The Bank of France counsels caution with a wait and see approach amid a dollar pound battle and possible further pound devaluation.
MENTIONED IN THIS ARTICLE
United States
Paris
France
Bank of England
Bank of France
Also Mentioned on This Page
Danny
John L. Cooley
Associated Press Financial Writer
Macon
Akron
U.S
Associated Press
Lindy
Wife
N. C
In &O
Go Ld
British Dominions
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