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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 01, 1932
Page
13
In Wellston Ohio an invasion by striking coal miners culminated at the home of Mrs Edna Fair. After a mass meeting protesting Wellston men working elsewhere three carloads pursued Bart Walton to the cottage. Walden refused a ride and police say shots shattered windows and telephones but no one was injured.
Cleveland Aug 1 The monthly business review of the Federal Reserve Bank reports a quickening of the industrial pulse in the district during early July. Many companies expanded or resumed operations after shutdowns or planned to do so soon, especially among small manufacturing concerns, while June data show a further decline in key trade and industry lines. Savings deposits at 45 selected district banks fell only 0.2 percent in June.
The report notes that gains by 23 Ohio banks were offset by declines in western Pennsylvania. Abnormal increases occurred in June before new federal taxes, especially in tire and oil, with slackening since. Shoe production rose, auto output fell less than typical May declines, and iron and steel remained very weak. Agricultural crops suffered in June due to dry weather but late crops improved after rains. Farm sentiment rose as farm product prices climbed, with livestock and hog prices near yearly highs.
Newton D. Baker will lead a national citizens committee for the Welfare and Relief Mobilization of 2933 to promote private relief campaigns amid the mood of austerity. Affiliate groups under the Community Chests and Councils aim to bolster charities as the federal role is questioned. The drive and affiliated associations plan to launch at the White House on September 15 with Herbert Case of the Federal Reserve Bank of New York coordinating.
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