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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 24, 1933
Page
3
The Journal founded 1840 and the Tribune 1848 merged with the News in 1820. The News and Tribune joined the consolidation with the Journal forming a single paper on September 2, 1918. The merged entity carried the Journal and News-Tribune name.
The Muscatine Journal with its centennial edition previews five days of events marking the city deathless 100th birthday. Chief organizer Frank Myers and committee members drive plans toward civic unity and communal celebration for Muscatine.
The Journal honors assistance from the P. M. Musser public library and Irving B. Richman in gathering historic pictures and articles. Additional contributors include George Mark Clay Kneese Mrs B H De Camp Mrs J W Bodkin Mrs David Legler E J Messier Frank McCoy Flora Brown Agnes Southerlan Grossheim studio Alex Grossheim Ernest Liebbe Rita Berry Nina Fisher Nellie McCaw Carl Darting and others who helped.
The American Railway Association reports week ending June 10 freight carload increases across sectors. Miscellaneous freight up 21 000 cars, grain up 1 700, lumber and forest products up 1 600, coal up 9 000, ore rising. Results imply rising demand, higher prices, and renewed retail purchasing as the economy strengthens.
The Magazine of Wall Street notes that a 10 percent wage cut for railway workers met broad approval when first imposed amid deflationary pressures. It argues that living costs now rise while wages fall and questions a further 12 percent reduction, suggesting it may hinder recovery by decreasing purchasing power.
The piece analyzes how foreign ties and dollar fluctuations drive markets while domestic inflation lingers. It weighs government wage programs and deflationary acts, predicts possible 30 to 35 percent dollar devaluation, and notes banks and gold clause cases as pivotal for buying power and earnings.
A collage of quotes from Dr J W Brister Diego Rivera Paul Claudel and Robert W Bingham on education taste speech hardship and civilization. The remarks contrast hiring professors with truck drivers art training natural taste political leadership and global burdens.
The Fritz Hotel once thriving as a Miami tourist hostelery is repurposed into a large scale poultry operation. It uses a battery cage system with 36 by 68 by 150 feet housing 60 000 laying hens and 50 000 chicks for annual renewal.
The piece outlines President Roosevelt's reversal on stabilizing currency, the role of Harrison Sprague and Montague Norman in a Bank of England backroom deal, and hints of market pressure. It notes Bernard Baruch's influence, Moley’s stance, and a strategy to proceed despite conference prospects.
The report notes Baruch is not on the government payroll and describes informal activities among top officials. Franklin Roosevelt faces privacy concerns from press boats as three vessels follow him, while speculation Mounts on the London conference and potential market effects if it fails.
As you were reminders note C Leindecker of Muscatine with W Hugo Smith of Davenport entering a partnership in real estate, insurance and loan business in Tacoma Washington while other Muscatine items recount travel, sports results, and local events from earlier decades.
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