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Newspaper
Syracuse Journal
Location
Syracuse, New York, United States of America
Date
Feb 12, 1938
Page
7
Readers express anger at Washington policymakers and New Deal leaders, urging taxation and policy reform. Letters from small manufacturers and observers criticize Ickes Johnson Perkins and Congress, blaming federal actions for economic distress. They call for organizing 1,200,000 small business workers and warn of marches on Washington.
Livestock prices show steers and heifers at various figures, with fat cattle around 28 to 30 dollars per hundredweight and cutter grades listed. Feeder cattle, lambs, and yearling listings appear with multiple numbers, including top quotes and discard ranges, reflecting a fluctuating market and buyers' activity.
Fragmentary weather chart shows pressure changes and broad temperature shifts across Ontario Michigan and the Pacific coast with easterly flow and lingering cold air. Reads like a late edition weather table with scattered readings and vague region names.
New York stocks closed for the holiday with global events in Germany causing subdued activity. Prices barely moved with few leaders gaining while Allied and Union Carbide fluctuated, United States Steel and Lehigh improved, and General Motors edged up slightly.
Wall Street hears that Celanese Corporation may show an operating loss for the current quarter. Insurant shares hint at a 21 cent dividend rate. Gotham Sik Hosiery reported 1937 earnings near 1.11 dollars per share versus 0.54 last year.
NEW YORK, Feb. 12. With business slow, sentiment in wool goods markets turned cheerful as reports spread that prices had bottomed and would rebound. The New York Wool Top Exchange Service says spring goods demand is brisk though mills struggle with deliveries. Women's wear demand remains active but limited to select fabrics. prices stayed firm.
Treasury balance in Washington for February shows internal revenue receipts of 38.687 percent and total balance of 1,010,757 dollars. The report lists receipts and balances though text is garbled with OCR errors.
A bustling Saturday market at City Mart and Trading drew a large crowd. Live poultry and dressed birds moved briskly, with out-of-town buyers depleting producer stocks while wholesale prices trended lower than retail, and general produce like apples cabbages potatoes and several staples showed steady demand and pricing.
A torn report from the Corn Industries Research Foundation shows an 8.270.995 bushels drop in corn usage during January. The data indicates reduced domestic consumption for starches syrups and sugars across major refiners.
Dr Lewis Haney of New York University explains economic history and policy choices during past recessions. He argues Washington sought to curb booms, faced political pressures, and contends actions could have halted downturns earlier, while discussing price levels, monetary policy, and currency questions raised by readers from Baltimore to Wisconsin.
New York February figures show December silver output at 153,315,906 ounces, down from 26,655,000 in November and 15,923,999 in October. The report cites a world decline in white metal production, with U S and Canadian output lower due to reduced demand and mine stoppages.
Reading from the index shows a tempered rise in prices across most classifications with occasional gains in items like infants wear and a notable drop in other goods. The period ends with broad stabilization as December rates ease compared with earlier months.
The Camden Fire Insurance Association today reported an improved profit per year with figures showing 440,673 for 79ust and 356,1382 for 7938, indicating a stronger financial position amid reported gains.
Washington dispatch reports East Coast congressmen led by Hamilton Virginia pressing for a dedicated Atlantic naval force matching Pacific strength. They seek a bill setting a fleet of 8 battleships, 1 aircraft carrier, 49 destroyers, 35 submarines, 125 aircraft with crews, to defend U.S. coasts while Roosevelt weighs policy shifts amid broader military expansion.
A garbled 1920s style clip describes a man named Joseph Smith selling ore cars and claiming to have 47 girls on a date list. The readable fragments imply a promotional list of salesmen and dates but the text remains unclear and incomplete.
John E. Kelly a consulting engineer urged the Post Office Department to end what he called a flagrant abuse of franking privileges for the Spanish embassy in Washington. He cited a package marked climatic mail fee containing loyalist government propaganda that had been retrieved by a crowd of six.
A mild quake rattled parts of South Chicago and Lake County with a brief tremor felt near Gien Park south of Sarriad. No injuries reported as residents described a short shaking sensation lasting several seconds.
A proposed revision to installment sales law would form a temporary legislative committee. The panel would investigate and suggest improvements to governing contracts and sales practices.
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