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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Apr 26, 1932
Page
11
LaGuardia told a congressional committee that stock exchange statements predicting a bull market were false and profitable misstatements. He cited a Newark brokerage circular urging immediate purchases and blamed a tax transfer proposal for blamed market declines while noting no bull market existed.
LaGuardia testified that New York exchange regulation is unnecessary and accused Whitney and the exchange of failing to curb fraud. He cited checks paid to writers and publicity men to boost stocks including Savage Arms Pure Oil and Indian Motorcycles, alleging widespread ballyhoo and manipulated markets.
Washington April 20. A major fight over provisions to cut World War veteran benefits in the 217 million omnibus retrenchment bill looms as the economy committee prepares for a House opening battle tomorrow. The committee, with Chairman McDuffie, prepares the report to present by 4 o clock. The American Legion and other veterans groups oppose revised provisions reducing allowances pensions and hospitalization for ex servicemen with incomes over 1500 single 3500 married and 400 per dependent.
Federal agents raided a major operation on Trenton Avenue finding a 112 gallon still 250 gallons whiskey 400 gallons whiskey mash and equipment. Harald L Brown pleaded guilty and posted 1500 bond while Mrs Charles Wallace earned 750 bond after a raid on Clay Street. Commissioner Lockhart scheduled a hearing for Martin Moreno on Saturday as Moreno admitted a sale charge and related whiskey quantities.
The Bexar County Democratic executive committee met at 5 p m Saturday in the Thirty-seventh District courtroom to name 63 precinct chairmen. John K. Weber, the county chairman, led the session which also addressed vacancies from deaths resignations and disqualifications and the increase in precincts. Two opposing lists were presented by Walter Tynan Dan Quill George Green for the Citizens league and Justice of the Peace John Shack County Treasurer Joe Sobieski and Constable Will W Wood for the machine.
Approximately 40 special delivery workers at the San Antonio post office department were eliminated from the staff. Postmaster P. G. Lucas announced the reduction on Tuesday.
An advertisement touts Vinal a tonic for women to gain curves and fuller chests. It promises quick results after weeks of use and describes the product as delicious tasting. The ad ends with a note from Seniling druggists.
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