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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 28, 1933
Page
9
Stocks and commodities rose amid inflation expectations as trading showed buoyant volume. Shares closed fractionally to over ten points higher after the weekend surge. wheat rose over two cents and cotton hit its best since August. metals and staples advanced while traders eyed gold clause moves and Fed credit expansion.
The Senate committee heard about Morgans operations with 76 issues over five years totaling 1.754 billion dollars and a gross profit of about 10.03 million. Drexel and Company partnered in 43 issues worth 414.194 million dollars with profits around 4.43 million. Drexel’s shares and profits from other houses added further figures amid ongoing questioning.
Back row includes Manager J. K. Taylor of Wilmington and Coach Euan Hearn with players Red Matheson Taylorsville Johnny Phipps Fries Wa Norman McCaskill Rockingham Joyner Memphis Tenn and George Brandt Washington D C. listing positions catcher pitcher short stop and more.
Washington report outlines Frances Perkins recommendations for a wage hour bill. Proposals include a 30 hour week, 6 hour day, optional 40 hour weeks, minimum wage boards with mandatory recommendations, and potential plant hour limits to prevent excess production and hardship. The plan aims to balance industry output with welfare, not to control overall production.
Discussion centers on unfair competition and new Labor Department powers to regulate manufacturers using women and children on long shifts. Miss Perkins reportedly proposed a 40 hour week with limited exceptions. the memo notes such allowances only where extraordinary plant needs demand it.
A wax figure of Germany's Chancellor at Madame Tussaud's in London was vandalized by youths who pelted it with red paint and hung a sign labeling the figure Hitler the Mad Murderer.
A proposed rule grants a secretary appointed Hours of Work board power to set extended hours for specific enterprises. The board, not state authorities, would authorize shifts lasting over six hours daily or over four weeks with more than 30 hours per week.
A proposal suggests flexible law to address seasonal demands and variable conditions. Wage boards gain subpoena power and must report alleged bad wage conditions within 30 days. The secretary would publish a directory order with recommended rates, then list noncompliant employers after another 30 days. A public hearing would allow employer input before mandatory orders.
The Chicago fair lit up with a cosmic display as tubes traced glowing lines between points while a voice from Arcturus hums then drones. Dr Edwitt Bratt Frost acted as master of ceremonies guiding the array of expositions and observatories despite cloudy skies. Rufus Dawes, president, called the act fitting for the event.
Dawes spoke beside Postmaster General James A. Farley at the exposition dedication ceremonies. The theme centered on mankind’s achievements, especially in science, with a mid day program highlighting contributions to progress.
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