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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 19, 1932
Page
9
New York Feb 1947 bear interests staggered as the New York Stock Exchange ruled members may not lend securities on margin without written customer consent. The policy, effective April, requires written authorization to lend customer stocks, ending brokers general lending practices to bears.
A string of reader letters criticize high medical charges with a five dollar visit, urge support for San Antonio dressmaking industry, praise local production, question federal bank aid distribution, and defend clerks against unfounded firing claims. The tone remains urging local action and accountability.
A reader endorses abolishing the two-thirds rule in the Democratic Party citing William Randolph Hearst and denouncing its role in creating deadlock at national conventions. The letter argues for harmony and warns against the danger of a dark horse nomination.
A reader argues that San Antonio Junior College lacks a proper athletic program as funds prevented hiring a coach this year. The letter criticizes publicity efforts while demanding attention to the college's athletic status and future coaching support.
In Houston on February 19, producers led by E. M. Biggers refused a distributor price cut from 20 to 16.4 cents per quart for wholesale milk, forming a retail group offering 5 to 7 cents per quart. Biggers warned distributors must surrender as producers plan to assist dairymen in San Antonio, Dallas, and other cities.
The Interstate Commerce Commission issued a tentative report finding that the Abilene and Southern Railroad had recapturable income totaling 148,057 dollars from September 1, 1920, through 1926. The four months in 1920-21 and yearly figures 1923 through 1926 are detailed, with total excess income over base return stated. The commission will hear arguments before final action.
Tokio asserts its right to station Japanese troops in the international settlement. Ambassador Debuchi was instructed to inform Secretary Stimson and seek the basis for his report opposing using the settlement for military operations against China.
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