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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 23, 1933
Page
11
Chicago headlines mix devotion to Mayor Kelly with praise for his early actions. He promotes the exposition and city pride while promising safety and effective governance after Mayor Cermak's death. Separately, international notes mention Norman Davis and European debt worries.
A Senate examination of the J. P. Morgan firm revealed assets approaching 494.7 million dollars as of December 31, 1932, with 20 partners meeting daily for years and no written minutes. Morgan defended private banking practices and opposed direct prohibition of directors serving in other firms, urging that private bankers provide public value and rely on professional ethics.
A modest fall in temperatures is forecast for San Antonio as a slight break in the recent warmth is expected Tuesday night and Wednesday. Highs reach about 90 Wednesday afternoon, roughly four degrees below the past week's average, with light southerly winds. Tuesday's low was 75. Isolated thunderstorms may occur in East Texas, but no rain is expected locally. The monthly rainfall deficit rose to 2.16 inches.
Adolf Hitler, veteran of political parades, took the naval salute for the first time as Germany’s small fleet passed him in a grand review off Kiel. From the bridge of the cruiser Leipzig he watched 34 warships head by the battleship Schleswig-Holstein and including the pocket cruiser Deutschland and the first and second torpedo boat flotillas, followed by a levee of auxiliary craft.
Partly cloudy and cooler Tuesday night and Wednesday. Tuesday low around 72 degrees, Wednesday high near 80 degrees. Light to moderate southerly winds. East Texas mostly cloudy with scattered thundershowers possible in the east, cooler in the west and north portions. West Texas partly cloudy and cooler Tuesday night into Wednesday, generally fair.
Stocks surged in New York on May 23 with many issues posting gains from 61 to about 6 dollars. Short-covering demand and stubborn selling resistance pushed leaders higher including Owens-Illinois Glass, National Distillers Crown Cork United States Industrial Alcohol and Allied Chemical. Major gains across Du Pont Chrysler United States Steel and other names, while wheat and cotton moved up and commodities varied.
May 23 1940 dispatches describe a tentative peace accord between China and invading Japanese forces. Simultaneously Japanese troops occupied Peiping city center and the Chitimen station, with 600 troops from Tientsin securing the legation area as Chinese residents fled in fear.
MEMPHIS Tenn May 28 A rain swollen St Francis river spreads like a muddy sea over thousands of acres in northeast Arkansas forcing hundreds to flee as they fear losing crops to floodwaters. U.S. engineers estimate about 100000 acres inundated and 2000 families left homeless or menaced as the river finally spreads over the land over the coming week.
Paris dispatch reports pilots Paul Corps and Maurice Rassi plan a contingency if South American flight weather fails. They would sail on the Champlain June 1 to attempt an eastward North Atlantic crossing from Detroit to Chicago.
Randolph Jawa May 34 Sharon C Inman resigned from Springfield Presbyterian ministry after marital issues and Jacob reverts here to wed Miss Ezra Patsy Holdridge Sayre OK May 18. They are living here.
Washington May 23 The house resumed work on the Glase-Stenga bank reform bill voting 83 to 41 to relieve stockholders in national banks from possible assessments on their holdings in event of a failure or received rally. New Orleans 34M Fire Loris fire of undetermined origin caused 400 damage to the residence at 231 Victoria street Tuesday morning. Firemen reported.
In St Louis a federal court petition by the Reconstruction Finance Corporation seeks an investigation into Missouri Pacific railroad property deals. The RFC claims creditors deserve details on a $20,334,382 terminal purchase in Kansas City and a $28,134,900 loan imbalance. The agency says purchases followed thorough inquiry.
Washington May 23 a subcommittee ordered the municipal bankruptcy bill favorably reported to the house judiciary committee after an executive session. Representative Wilcox Democrat Florida the bill’s author was heard and stated no objection to the monetary provisions. The measure would allow cities towns and school districts to seek relief in court with creditor agreement.
Samuel Edmundson of 100 Clyde Street was severely wounded when a .25 caliber automatic discharged beneath his mattress Tuesday morning. The bullet hit his left hand and travelled up the arm, reports indicate.
William Randolph Hearst argues the Democrats face a tax crisis and urges a nationwide sales tax as the painless solution. He dismisses corporate and income taxes as harmful, promotes a four to five percent manufacturers sales tax, and claims it would fund government programs while boosting prosperity and public esteem.
Restaurant operators in San Antonio plan to question the federal prohibition division at a St Anthony hotel meeting about raids on legitimate beer sales. The grand jury in the Thirty Seventh District court probes the beer situation, with Capt Verne Miller summoned as a witness as deputies questioned why illegal speakeasies evade raids while legitimate shops are targeted.
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