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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 22, 1932
Page
2
Babson Park Mass July 22 An impartial observer notes ten hopeful business developments signaling a recovery after a period of gloom. He cites optimism from Dwight Morrow on turning points and argues that more readjustments remain but brighter prospects emerge earlier than most expect.
A 1932 analysis notes hog prices in Chicago up 60 percent in 36 days, cattle to 9.60 per cwt, and beef, pork, eggs rising. Cotton up about 6 a bale. wheat dull on crop news. Gold outflows halted, dollar confidence restored, boosting credit. Lausanne Conference advances world trade and European planning. Presidential candidates seen as business friendly. Oil industry gains, railroads consider pooling. Abundant crops expected, bond prices firmer, production below consumption, urging renewed confidence and faith.
Local church hosts a Christian Endeavor rally featuring Lorain Amherst South Ridge Henrietta and Brownhelm groups. Rev Chester Kern of Ashland, former pastor, delivers the evening address while each organization offers a program piece.
Pasadena report states Theda Virginia a housemaid was cited for riding a motorcycle at 45 miles per hour in a residential district. The incident highlights rare speed violations by maids as police emphasized traffic safety.
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