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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 12, 1934
Page
10
A controversial piece by Lewis Haney argues economists defend inhouse capitalism and government as a capitalist. It questions labor versus capital rights, explores savings and money standards, and considers housing programs' effect on national wealth and resource allocation.
In Canadian Texas a Borger case moved forward as prosecutors offered additional evidence in the murder trial of a defendant linked to the August 31 post office slaying in Borger. Detective testimony described witnesses and movements at the scene as the state pursued a conviction.
The New York & Rentume Mining company approved a special dividend of $1 per share. Earlier, on October, a quarterly dividend of 29 cents and a supplemental 80 cents were paid, marking the first payment since January. The board also approved regular dividend actions for the near term.
A Standard Statellite chart documents quarterly dividend actions from 1928 to 1982. Favorable dividends rise to a high in December 1928 and again peak every three months, while unfavorable dividends overtake in February 1931 and peak in June 1982. The pattern reflects a policy of quarterly dividend declarations by the directors.
New York reports widespread cold with below zero readings possible in several states and frost damage to crops. In contrast, Vienna Boys Choir visit Thomas Jefferson High School, delivering a polished performance with Graupner to Schubert repertoire and a memorable operetta by Schubert, drawing autograph seekers after the show.
Woodhull was elected president of the Scientific Society of San Antonio at its thirty first annual meeting held in the Stevens building Tuesday. New officers included Dr Leo J Banck and Dr Frank ard Herman Hirech as vice presidents Avery B Qushing as secretary Z W Berson as treasurer and Edward W Taizin er as director. Governing board members will include Past President Knox Gus A Duerler Dr Henry Slavik Edward Neumann Fred V Comy and Dr Nevid Berne.
Curtis Bok and his mother Mrs. Mary Lanvise Curtis Bok resigned from the Philadelphia Orchestra board amid a dispute over conductor Leopold Stokowski. Stokowski, the famed conductor, had resigned his post with the orchestra, and board tensions centered on his musical philosophy and structural reform. The resignations, including Bok's mother's, were accepted as the board could not reorganize to align with Stokowski's policies.
The Court of Criminal Appeals reverses the February conviction of Sen Namn, a San Antonio promoter, on charges including conspiracy to embezzle and theft. He had been serving a two year sentence but was released on bond pending remand. Co-defendant B. J. De Graben also faced related charges.
In Fort Worth Dew 12 ins The Henry Bert Mullins a 14 year old mother and her partner settled their differences after an earlier separation. The young mother returned to her folk home while a father in law faced dismissal tied to threats. The couple appeared content now as Mrs Mullins recently gave birth to a five and a half pound daughter three weeks ago.
A special meeting of the Fiesta San Jacinto directors will be held in the Gunter hotel ballroom at 7:20 p m Wednesday, chaired by President Ralph Durker. The appointment of eight merchants to the open house committee was announced, with Harry Martyn and Lewis Lauterstein named among others.
Fire damaged the home of Rev. Fry Winter at 2239 Hast Crockett Street in Wellesday morning. Firefighters estimated unspecified portions of the damage but could not determine the fire's origin.
A New York dispatch reports that officials estimating business recovery find 1934 overall the best since 1931. Industrial output neared 1933 levels by year end, with gains in consumption goods and autos, while steel and building showed progress but require further gains. Washington targets 1935 construction as a key recovery focus.
Chicago and San Antonio grain markets show bearish pressure amid lower wheat and corn prices. May deliveries slipped while reports of French exports and Argentine weather reinforced the downward trend. speculative talk aided a weaker wheat market and modest firmness only in provisions. San Antonio notes show corn prices around 1.05 per bushel and prairie hay at 12 per ton, with local quotes for other feeds.
Cattle and hog sales at San Antonio and Chicago markets showed slow trading with limited demand. Calves and yearlings moved at $4.00 to $5.25, slaughter cows steady to firm, hogs about $5.75 top for weights around 126 pounds, while sheep and lambs varied, with buyers cautious but values holding firm for prime lots. News wires report similar conditions in St. Louis and Kansas City markets with mixed results across cattle, hogs, and sheep.
The New Orleans cotton market opened steady then eased as Liverpool cables arrived. March at 12.81 cents, July and October steady. May and December futures moved within narrow ranges. Prices fluctuated with limited gains over yesterday’s close, while wheat and provisions in Chicago showed small shifts amid market chatter.
The page shows erratic OCR text about futures and prices, referencing cotton terms and a 6 October date. It lists middling prices and various terms in an unreadable sequence, implying a market wrap with commodity values and futures notes for New Orleans. The readable data points include a middling price around 7.93 and references to October and other numbered values.
Migs Liora Bialt of Texas A M College told 200 farm demonstration agents at the Plaza hotel closing session that 125,000 Americans eat little fruit and vegetables. She cited farm habits and cited extensions urging larger orchards and gardens to raise diet quality, with aims for milk, vegetables, meat and grains. The Texas extension program targets five year gains via 4 H clubs, with figures from US A A showing gaps in crop and livestock production.
New York stocks recovered from yesterday’s shakeout with several issues gaining 1 to 2 points. Rail and steel shares climbed modestly while gains spread to Radio, American Can, and U.S. Steel, as market breadth showed limited strength and call money renewed at 1 percent amid a cautious midweek session. The Iron Age weekly review warned of weak iron and steel demand despite higher scrap and production, noting lower capacity utilization and delayed automobile production. Electric power output rose seasonally to near a peak, with coal and transportation showing some improvement.
London reports show silver at 34.951-16 pence per troy ounce with sterling at 33.08 for 106, and gold priced at 1409 5a per ounce. Market notes reference U.K. and U.S. sterling exchange and a London bar price context for precious metals.
The United States dollar closed at 4.0436 pounds with a 4 cent gain from yesterday while the franc weakened to 7.698 per pound. Paris reports also note franc and dollar movements amid holiday advertising for classifieds.
The market notes fruit and vegetable prices with numerous items and region references. Central American produce dominates the slate with crates, bushels, and per‑unit quotes. Beets, carrots, cucumbers, strawberries, peaches, apples, avocados, and dairy products appear with varied price points across crates and dozen units.
Wall Street briefs note a plan to protect holders of Rock Island and Pacific Railway company equipment leases and the Spring Valley principal maturities on Series Land Series certificates. The exchange reports an index slip amid slight market movement, with a small advance in trade activity and a few notes on service and repairs. The page also lists items for sale such as rocking chairs at $1.79 and up, reflecting light classified ad content.
Jesse H. Jones urged New York bankers and business leaders to form a $50 million RFC aided corporation to rehab and assume mortgaged properties. He proposed buying preferred stock in real estate focused trust companies and urged private funding to underwrite new mortgage loans and build new office space.
London and Paris markets showed limited gains as offers pruned and activity stayed light. Berlin closed with subdued turnover as the market remained firm on few leaders while overall trading was quiet and undecided.
Mixed market updates from AP wires show poultry and produce pricing across Chicago and New York. Turkey and capon values edge higher in places while roosters hens and ducks display varied cents per pound. egg and butter quotes also noted with unsettled futures and weekly receipts.
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