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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 16, 1933
Page
2
Babson analysis from Babson Park Massachusetts argues stock and bond highs reflect a broader recovery. It notes May and June 1933 versus 1932 show improving employment and industrial activity, countering pessimism, and explains investor mood swings drive wide business fluctuations.
The writing compares the market to a coiled spring ready to snap upward, noting 1932 33 deflation and 1929 highs. It cites declines in volume, bonds, wheat, and steel, with revival signs in building and a jump in steel capacity to 40 5 percent. Advice urges frugal living, bank leniency, and patient investing as the wheel of fortune turns. It ends with local Eaton items and community notices.
Senator James J. Davis of Pennsylvania leaves federal court in New York City after pleading not guilty to a new indictment in the Moose lottery case. Trial set for July 10. Widespread delays followed a mistrial last fall due to the senator's illness, with postponements continuing.
The Eaton Sunny Stitchers Four-H Club met June 8 at the schoolhouse with six absences. They planned sending cards to sick members and announced a leaders and officers meeting at the Y M C A in Elyria on June 14. Future events include July judging, August style revue in Elyria, a Cascade Park picnic, and an August 15-20 outing at Camp Craig in Medina County. The next meeting will be June 15 at 1:30 p.m.
A local high school planned a carnival dance and sought a nationally known orchestra, claiming a $300 budget. In California, Superior Judge Thomas D Johnson refused to prosecute fishermen who testified their nets accidentally caught bass. Several fishermen were arrested by state game authorities. A Picoolo player costs 300 in Manhattan Kansas.
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