Wheat Jumps as Price Surges and Tax Plan Faces Hurdles
In Chicago on June 27 the board of trade saw torrid wheat activity with prices leaping to over 1 dollar a bushel amid volatile trading. Officials also proposed a 30 cent processing tax on wheat despite the price surge, and markets swung with sharp advances followed by heavy profit-taking, reflecting speculative tension.
MENTIONED IN THIS ARTICLE
Te Eletin Press
Washington
Associated Press
Chicago
Board of Trade Today
Yesterays
Await Better Crop Prospects At Parley
London reports the big four leaders decide to delay any wheat acreage plan until crop prospects improve. Prime Minister Ramsay MacDonald discusses the near breakdown of talks with US Canada Australia and Argentina while word spreads of rising world wheat prices.
MENTIONED IN THIS ARTICLE
Associated Press
London
Big Four
Ramsay MacDonald
United States
Canada
Australia
Argentina
MacDonald
Market Chaos Drove Prices to Sudden Lows and Rushed Bets
The passage describes a chaotic market as raises and falls push traders to frantic bids. Quotes on the blackboard diverge from pit prices as markers struggle to keep pace with the rapid market moves. A minute near the close shows volatility shaping the closing scene.
Heavy Trading Swamps Markets in York June 27
Heavy trading swamps markets as Chicago grains rise with May 1934 wheat opening at $1.01 a bushel. New York Stock market shows early gains in leading shares amid huge volume. ticker tape lags then climbs about $1. Silver futures up around a cent an ounce, sugar futures gain moderately.
MENTIONED IN THIS ARTICLE
Associated Press of
York
Chicago
New York
Ohio Receives 15 Million For Road Building Programs
June 27 report outlines how Ohio will allocate 15 million dollars under federal emergency high way program financing. Officials plan to use the funds to accelerate road construction, creating jobs and improving infrastructure through national industrial recovery act guidance.
Textile Code Would Create 100000 Jobs Claim
Washington reports on a textile industry hearing where the code of fair competition is said to create over 100000 new jobs and raise total employment to about 515000. George A. Sloan cites wage gains and 60 to 90 day timelines for potential child labor elimination while William Green notes support for a 40 hour week and minimum pay.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Industrial Recovery Law
George A. Sloan
Cotton Textile Institute
Department of Commerce
Sloan
William Green
American Federation of Labor
Market Profits Return Amid Ailing Industry Signals
A fragment recalls American business once waving distress signals for help, then noting renewed fat profits. The era of starved nostrils turns as profits rebound and the scene brightens for industry observers.
MENTIONED IN THIS ARTICLE
James
Hearing Examines Child Labor Wage Fixes Across Industry
Dynamic administrator Hugh Johnson opened the hearing to stress its significance. Sloan explained a minimum wage plan would make it uneconomical to hire children if older workers could be paid the same, prompting Johnson to say there should be no objection to such a provision.
MENTIONED IN THIS ARTICLE
Hugh
Johnson
Sloan
Physicians May Prescribe Without Limit in Ohio
Columbus June 27 Ohio physicians may prescribe without limit under the Smotka law provisions effective immediately. The Associated Press reports the change expands medical prescribing latitude for doctors statewide.
MENTIONED IN THIS ARTICLE
Associated
Columbus
Ohio
Britain Rejects Plan to Join Gold Nations
Britain signals refusal to join a European gold bloc aimed at stabilizing currencies independent of the United States. Paris and London observers see the move as an attempt to split England and America, while gold bloc bankers press Britain to align with continental partners or face an Anglo American monetary shift.
MENTIONED IN THIS ARTICLE
Associated Press
London
Great Britain
United States
France
England
America
Britain
Switzerland
Holland
Belgium
Roosevelt
Bank of England
Kahn Appears for Hearing on Banking Investigation
Otto H. Kahn testified before the Senate Banking Committee on the private banking firm Kuhn, Loeb & Co. He said the chief business is with corporations and noted assets fell from about 97 million to 67 million from 1927 to 1931.
MENTIONED IN THIS ARTICLE
Washington
Senate Banking Committee
Kahn, Loeb & Co
New York
Otto H. Kahn
Kahn
Kuhn, Loeb & Co
J. P. Morgan
Ferdinand Pecora
Pho
Day Fight in West Virginia Prohibition Repeal Vote
West Virginia and California held votes today on repealing prohibition. West Virginia, dry for 20 years, saw intense turnout as a strong southern state contest dominated by religious influence.
MENTIONED IN THIS ARTICLE
West Virginia
California
Little Mountain
West Coast
Trial Set for Judge Small on Intoxication Charge
Judge Horace L. Small of municipal court faces a trial in common pleas court at 9 am Wednesday on an intoxication charge. May term petit jury may be summoned if needed. Small sought a continuance of a second intoxication indictment scheduled for Thursday, citing attorney Sears of Miller Sears and Fitch’s Washington commitments.
MENTIONED IN THIS ARTICLE
Horace L. Small
Municipal Court
Common Pleas Court
Small
M. Sears
Miller, Sears and Fitch
Washington, D. C
Searl
Washington
Aaron L. Mercer
Vulcan Corp
Mercer
Sears
Federal Trade Commission
U. S. Department of Justice
Mansfield Home Damaged By Bomb
A Mansfield residence sustained blast damage as authorities probe a possible slot machine war origin. Investigators assess whether the bombing stems from illicit gambling disputes.
MENTIONED IN THIS ARTICLE
Mansfield
Boy Crushed by Urn While Reaching for Flowers
In New York on June 27 three year old Michael Weglie reached for flowers on a neighbor’s porch. He pulled himself up on a large urn, which toppled and crushed him, ending a brief, tragic moment of play.
MENTIONED IN THIS ARTICLE
New York
Michael Weglie
New State Tax Proposals Considered to Aid Schools and Relief
Columbus reports the senate taxation committee began drafting a tax program to raise about $14 million for poor relief and underfunded schools through year end 1933. The measure may include amusement and cosmetic taxes, beer cap tax, vending machine tax, stock transfer tax, cigaret tax reenactment, gasoline tax diversion, and an intangible tax allocation shift to fund schools. Gunsett hopes a plan is ready soon with action expected in the senate.
MENTIONED IN THIS ARTICLE
Columbus
Senate Taxation Committee
D. J. Gunsett
van Wert County
Senate
House
Gunsett
Union organizers target Akron tire workers
Akron rubber firms remain silent as the American Federation of Labor launches a campaign to unionize thousands of tire builders. The Summit County Central Labor Union calls a mass meeting for Friday night, with handbills distributed near open shop factories. A prior seven year effort enlisted about 2,000 of 30,000 workers before failing.
MENTIONED IN THIS ARTICLE
Akron
American Federation of Labor Today
Washington
U. S. of L
Summit County
Moley Arrives at Cobh Intercepted London Plan Change
The secretary changed plans and will sail on the steamship Moley to reach London by 11:30 pm local time, with 6:30 pm in Portsmouth. The leg of the voyage was adjusted from its previous itinerary.
MENTIONED IN THIS ARTICLE
Moley
Cobh
London
Irish Free State
Portsmouth
Pusateri Indicted on Murder and Shooting Charges
Mrs. Ethel Pusateri 45 of 2211 Waller Street was indicted for second degree murder of Mrs. Er matrude McCoy and for shooting to kill her husband Augustus Pusateri. She pleaded not guilty with bond set at 2000 dollars in common pleas court. Delmar Jones faces driving while intoxicated charges with a 1000 dollar bond.
MENTIONED IN THIS ARTICLE
Ethel Pusateri
Waller Street
Ermatrude McCoy
Augustus Pusateri
Pusateri
Cincinnati
Delmar Jones
Rushtown
McCoy
William
George
Carrie
Emma
Minnie Zottman
Offnere Street
Albert Zoellner
Second Street
Jones
Frank Purdy
Robert Hyland
Orville R. Hyland
Sunrise Avenue
Wilbur Thornton
Twelfth Street
Harry Thornton
Thorntons
Britain Beats Yank Golfers To Regain Ryder Cup
Great Britain defeated the United States 6 1/2 to 5 1/2 over two days to reclaim the Ryder Cup. Syd Easterbrook clinched the win by defeating Densmore Shute 1 up in the final singles. Britain took the foursomes 2 1/2 to 1/2 yesterday, and split eight singles today.
MENTIONED IN THIS ARTICLE
Southport
Eng
Great Britain
United States
Syd Easterbrook
Densmore Shute
Groverfield Fined by Judge After Courtroom Remark
In Youngstown on June 27 Judge Harry Hoffman fined Gordon Groverfield $25 plus costs for disturbance after Groverfield challenged an attorney's objections. He rose, mimicking lawyerly behavior, before the sentence was imposed.
MENTIONED IN THIS ARTICLE
Youngstown
Gordon Groverfield
Harry Hoffman
Groverfield
Hawks Aide Search For Flier Across Arctic
An aid group asks the Hawks to search for a missing flier in the Arctic region. Officials emphasize coordinated efforts with regional partners and ongoing outreach to communities likely to be affected.
Federal Probe Into Bank Affairs Ends Jurisdiction Clash
Grand jurors report evidence suggesting possible federal violations at First National bank but state courts lack jurisdiction over federal statutes. A DOJ investigation follows Judge McCurdy’s charge after loans to two directors appeared under different names. Conservator C A Brown testified. bank operations were restricted during a national banking holiday.
MENTIONED IN THIS ARTICLE
First National Bank
U. S. Department of Justice
Russell K. McCurdy
Common Pleas Court
McCurdy
C. A. Brown
Grand Jury
Department of Justice
Federal
Cincinnati
Federal Grand Jury
Henry T. Bannon
Brown
U. S. Treasury Department
Federal Reserve
George White
Roosevelt
Nazis Plan Reborn Church Amid Protestant Row
In Berlin on June 27 Nazis forming a new church movement urged a large turnout at 19 demonstrations to back a rebirth of the church. They opposed the Protestant bishops letter urging defiance of persecution and political pressure. Bernhard Rust denied plans for a state church and asserted church self-rule would stay intact.
MENTIONED IN THIS ARTICLE
Associated Press
Berlin
Reichsbishop
Frederich von Bodelschwingh
Bernhard Rust
Wilkin Ready to Talk Again in Bank Holiday Probe
Detroit banker Herbert R. Wilkin prepared to resume grand jury testimony on Michigan s bank holiday and its aftermath. If Washington grants a request, the jury will hear Treasury and Reconstruction Finance Corp versions of Michigan s banking troubles. Prosecutor Toy noted Wilkin s testimony raised suspicion of federal and eastern banker collusion.
MENTIONED IN THIS ARTICLE
Associated Press
Detroit
Herbert R. Wilkin
Michigan
Ford Motor Co
Wall Street
Washington
Harry B. Keidan
United States Treasury
Reconstruction Finance Corp
Harry 8. Toy
Wilkins
Wilkin
F. G. Awalt
The
Treasury
Swineford Emerges as Leading Ohio Public Works Candidate
Akron businessman Fred Swineford leads as a top contender for Ohio administrator of public works. He is backed by prominent Democrats including Governor White, State Chairman Henry Brunner, and former Governor Donahey, with the public works program appointments viewed as imminent.
MENTIONED IN THIS ARTICLE
Associated Presse
Washington
Fred FE. Swineford
Akron
Ohio
Governor White
Henry G. Brunner
Vic Donahey
Public Works Administration
Unidentified Woman Found Dead Near Troy Creek
A well dressed unidentified woman about 0 years old was recovered from a creek north of Troy after being in the water about six hours. Coroner Charles Kiefer said the body was found today after examination.
MENTIONED IN THIS ARTICLE
Troy
Here
Charles Kiefer
Also Mentioned on This Page
van Dine
Westchester Country Club Polo Grounds
North
U. S
Boy
Senate Committee
Lloyd
Earl R. Lewis
Belmont County
John Llord
Scioto County
L. I. Marshall
Cuyahoga County
General Assembly
American Federation
Arctic
First National
Conservator
Swineford
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