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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 02, 1933
Page
12
Washington Aug 2 The over-subscription of the treasury offering totaling 50 000 0000 in bonds and notes cheers officials. They view it as a sign the government can refinanc e long term debt at low rates and may refinance the 6 000 000 000 Fourth Liberty loan at about 4 1 4 per cent, easing future financing.
An old advertisement claims Nixon's Nixoderm relieves skin conditions such as athlete's foot and fungal growths within 30 days. It promises guaranteed results or a money back offer, urging readers to purchase at Sommers drug stores.
In a saving scenario of 60 million dollars, the treasury could issue this call at 3 percent. However, due to a required six months notice to Liberty bondholders, refinancing cannot occur before March 1939, making October issuance moot until then.
John D Hartman federal district attorney faced a reported push for his resignation by the Department of Justice. Hartman said he would await official notice and would not comment on whether he would resign or fight removal. Smith of Odessa has Senate endorsement for the job, with presidential approval but no Senate confirmation yet. Four Hartman aides could lose their posts if he is removed.
President Roosevelt urges expanding bank capital to all classes of citizens to reestablish business. Jesse H. Jones, head of the Reconstruction Finance Corp, says added credit, via bank capital, can be multiplied and will bolster banks as they extend loans on sound local values.
Egbert Schweppe and Russell Wine with El Paso aides H. L. McCune and L. V. Dodson will be replaced by new appare toes.
In Cleveland August 2 labor unrest spread as 1300 garment workers in Sozen dress plants strike over wages and hours. At Hupp Motor Car plant and Van Dorn Iron Works about 1000 to 1500 quit, with 125 Van Dorn workers urged to return and organize. Hupp to join industry code talks with retroactive wage readjustments, while union seeks renewal of 1931 terms and 28 weeks work yearly. wage levels for cutters, pressers, and welder operators cited.
Havana August 2 reports a withdrawal of soldiers guarding the closed Havana university viewed as the next step in normalising Cuba's political situation. The university has been closed for ten years under military protection amid student demonstrations against the government. Indications point to US Ambassador Welles and both government and opposition representatives presenting next week the results of talks on settling political differences.
In Pittsburg Kansas on August 2 a gang escaped with the Citizens Bank of Weir safe after locking more than a dozen people including the night marshal in the city jail. The safe, containing an undetermined amount of money, was later reported found east of Coffeyville.
The fourth world jamboree of Boy Scouts began with a parade of about 90,000 youths, including 387 Americans, past Regent Horthy of Hungary, highlighting opening ceremonies. Also note New York reports: national average of aloe production holds at 57 percent capacity as of today, with the "Iron Age" late today.
George Campbell Ferry of Tazewell won the Virginia Democratic nomination for governor after a strong primary showing against Joseph T. Deal of Norfolk and State Senator W. Worth Smith Jr. Ferry, a six foot three southwestern standout, urged repeal on the issue.
Tulsa Aug 2 An other brief struggle of independent oil forces to achieve first rank ends with reductions in schedules by Sinclair Prairie Oil Marketing and Empire Pipe Line, cutting 14 cents per barrel to a 62 cent peak. H F Sinclair president of Consolidated Oil blamed the recession on Standard Oil rivals failing to meet an earlier advance and said the cut was forced after leaders spent hundreds of thousands to fix a higher scale.
In Boston on August 2 a record for fewest defendants in a municipal court drunkenness case was set when only three men appeared to answer charges. The prior practice in 1862 allowed four defendants in such cases.
Washington reports Japan aims to launch the largest naval build program in history with 71 million next fiscal year and 190 million the following year. Plans cover cruisers destroyers aircraft carriers and submarines while strengthening air forces signaling parity aims with Britain and the United States. If Britain and the United States do not acquiesce, Japan may abrogate the Washington treaty of 1922.
A Bluebonne hotel guest awoke to noise and shouted from his window, scaring off thieves who were attempting to break into the B. F. Davis Radio company at 418 North St Marys Street. The burglars had removed a screen and iron bars from a rear window.
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