Bond Market Shifts Loom Over Coupon Groups In Week
The week centers on bond market moves rather than trade and banking news with securities questions and government actions shaping treasury obligations. Roiled by calls and repurchases, industry notes show Roosevelt outlined transport, Wheeler Rayburn bill effects, and municipal debt tactics. amid this, German debt, Argentine loans, and various utility issues reflect broader economic tensions.
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Power Shortage Fears Rise With Aging Plants
National power survey warns of looming electric shortages as prewar capacity ages. Regions lack new projects while demand may exceed 1929 levels by up to 4 million kilowatts when normal industry resumes. Plan calls for federal site selection and rapid plant construction to avert a national energy crisis.
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Telephone Company Hearing Resumes Thursday in Wisconsin
In Madison the Public Service Commission reopens hearings in the Wisconsin Telephone Company case on Thursday with plans to finish the statewide value investigation by July 1. Four years into the inquiry, five tons of records are ready, engineers to finish testimony this month, and June set aside for the company to present its case, barring any federal court postponement on June 3.
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Governor Signs Three Conservation Bills in Wisconsin
Governor da Follette signed three conservation measures in Madison. The first allows three dam constructions on the Brule River at Clieveldon, Old Mill, and Upper Rock sites, revoking prior rights. The second bill increases net fishing gear limits in Green Bay and Lake Michigan, aiding bait use for set hook fishing. The third bill transfers certain forest crop law administration duties from the state treasurer to the conservation commission. A separate note reports a house fire in Nebyssis caused by a sunlit window pane igniting a match.
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Sergt O J Johnson Retires After 33 Years
Staff Sergeant Oscar J. Johnson of La Crosse retires as Marine Corps veteran after 33 years at the Norfolk Naval Base Virginia. His career included service in Cuba the Philippines China Mexico San Domingo Nicaragua Central America and Norfolk. He spent the last three years as warden of the detention prison at Norfolk and was wounded in action July 3 1918 at Guayacanas San Domingo by a bullet to the jaw.
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Former City Assessor at Merrill Succumbs
William H. Ratser, 61, former Lincoln County assessor and city official at Merrill, Wisconsin, died after injuries from a December automobile accident and illness believed linked to the crash. He was en route to Berlin to attend his sister’s funeral.
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Contract for River Bank Repairs Awarded
The war department awarded a contract to Iberd Construction Company of Goldenberg Iowa to repair rock and brush bank protections on the Mississippi River between the Wisconsin river Clarksville Missouri and Iberd for 4561 dollars.
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Fishing Schooner Elzice Wreckage Recovered at Beach
Gloucester Massachusetts reports wreckage of the fishing schooner Elzice found on Wingsersheek Beach with five crew members recovered.
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Italy Fears Nazi Chief's Aim to Take Trieste
Article reports Italy believes Germany aims to seize Trieste as part of plans to control Austria. Signor Sovich warns Trieste is vital for Austrian and Hungarian trade, and that Nazi victory in Austria would push Berlin's policy toward Trieste. Officials urge prompt action at Rome conference to deter a potential German fait accompli.
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La Follette Plan to Use Hitt Faces Assembly Exit
La Follette leaders plan to deploy Assemblyman Arthur Hitt of Mondovi more during the remainder of the session to block troublesome measures. They worry much legislation is slipping through the Assembly that could trouble the Senate and want Hill to step in to halt it. A bill will be introduced this week to create a state insurance fund to cover claims against the state for damages caused by a state employee while on duty, after an attorney general ruling that the state is not liable without legislative appropriation. Washington speculation on a woman president draws Mrs. Roosevelt’s sharp reply against such a bid.
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Japan's World Trade Rise Questioned By Experts
A. G. Gardiner surveys Japan's growing export role and argues that efficiency gains drive success more than fair competition. He notes 1929 to 1933 export share rise to 3.1 percent, warns against viewing Japan as a mere invader, and urges easing global trade restrictions to revive markets.
Auto crash kills Waukon man near Paint Creek bridge
Al bertus Leas, 40, of Rosseville, Rosseville Uhis county, died Friday after his car plunged 25 feet when the approach railing gave way at the Paint Creek bridge near Waukon Junction. Coroner J. L. Bresnahan ruled accidental death. no inquest. Survived by three sons and four daughters, plus three brothers and two sisters.
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Automobile man in San Francisco case dismissed
Walter N. Lord, Pasadena automobile man, faced NRA code charges for underpaying caravan drivers from the Midwest to California. He agreed to cease violations and the charges were dismissed after drivers testified they worked about four hours daily for nearly 16 days transporting cars to San Francisco, with payment around 324 cents per hour instead of 3714 cents.
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Transport Pool For CCC Trucks Is Sparta Setup
A Sparta district CCC project moves its motor transport pool into a former Sparta Auto building on North Water Street. Lease effective May 15, with Sparta workers to staff repairs for up to about 150 CCC trucks locally. Major changes include reassigning Chevrolet Service and Ruetten Gym spaces, with full operation expected by week’s end.
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Speculators Press France As Franc Faces Pressure
Paris reports say French finance minister Germain Martin warns foreign speculators as devaluation debates rise. Leaders including Reynaud and Patenotre back devaluing while others urge stabilization with possible US UK deals. Washington influence and a mounting treasury deficit threaten the franc and a billion dollar funding need this year.
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University Liberals Turn Other Cheek After Speaker Incident
Madison liberals urge leniency after UW students allegedly threw speakers into Lake Mendota. The League for Industrial Democracy executive committee asked university authorities to avoid disciplinary action, arguing the university should stay a stronghold of liberalism and that reason, not force, should prevail.
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South Dakota Supreme Court rules liquor law valid
Pierre South Dakota The Supreme Court held the entire state liquor control law including the municipal sale provision valid and not referable confirming the state framework remains in force and enforceable.
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Pierre
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