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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 30, 1920
Page
10
The article notes ongoing labor action with 3500 workers at a central railroad poised to return, while yard crews and Erie railroad staff face suspensions and possible further closings. Officials warn of paralysis and potential layoffs as talks stall and the strike threat persists despite some workers resuming duties.
A damaged OCR fragment shows a Florida advertisement with prices for items like prunes at 35 cents a pound, iber.40c, target items such as paper 25c, Ivory 80c, and various cleaning and food products. The text ends with Wednesday after, unclear date or context.
The testimony discusses Secretary Daniels delaying large expenditures until war began. Hale questions whether Daniels procrastination delayed navy prep. the witness notes Daniels did not always agree with him on spending and required strong justification before Congress.
In Columbus and New York trading, call money rose to 15 percent amid tighter credit signals. Closing stock activity was steadier but subdued with about 950000 shares traded. commodities including sugar, cotton, and coffee futures posted firm or steady closes. Liberty bond prices closed higher on the day, with victory issues around 96.40.
Market reports show cattle hogs and sheep receipts with varied price ranges. Hogs receipts 4,000 higher. heavy and light classes quoted up to 19.00 and 15.50. Cattle receipts 600 strong. steers 11.50 to 13.50. cows 19.00 to 11.00. calves 15.00 to 15.50. Sheep and lambs receipts 300. lambs 19.00 to 20.00. nudged by regional notes on butter, potatoes, and oats.
Market wires show mixed cattle and hog tone with receipts and bids noted across Chicago and other centers. Beef steers and stockers varied while hogs and pigs showed gains and price shifts. grain futures moved on strength. Butter eggs and poultry held steady as other crop prices quoted in late April notes.
Constantinople April 80 British troops plan to support the sultan's forces against Turkish nationalists in Asia Minor and may join a new offensive against Mustapha Kemal. General Milne tours Ismid while British prepare along the Marmara coast and occupy Mudania. Indians accompany the move toward Brusa as a nationalist center. The undergrouth route via Marmara ports, now under British control, could be secured. San Remo council reports are fragmentary due to censored police messages. Nationalists expect peace terms to dampen their cause.
The article outlines a proposed tax plan with rates on net incomes from 35 000 to 10 000 and 26 900 to 26 000, plus a one percent tax on retail sales and similar levies on stocks bonds transfers and produce exchanges. It mentions a two cent tax per 60 dollars on land sales and contracts and references various brands. The fragmentary copy lacks clear context or complete figures.
Gar, tobacco and manufactured products face rates from 15 to 66 percent by grade with a cigarette tax of one dollar per thousand. The measure outlines varied duties across product types and includes a cigarette excise component.
The American Bankers Association executive council formed a special committee to consult the Federal Reserve on orderly methods to deflate credits. A resolution states that reducing bank demand requires a rationing of credit, applied progressively from the Federal Reserve.
A broad overview notes how banks drive commerce through lending, payments, and intermediation. It outlines regulatory influence, capital requirements, and the role of central banks in maintaining monetary stability while supporting growth and employment nationwide.
London reports the Ruhr district remains grave with fears of an anarchist movement. A large secret stock of arms was found at Ruegen in the Baltic near Pomerania, and the land guard leader accused of stealing them has been arrested and the guard disbanded.
Washington on April 30 Chairman Johnson of the house immigration committee testified at the rules committee renewal of the investigation into deportation warrants handled by Louis F. Post Assistant Secretary of Labor. He said efforts to break up the alleged conspiracy against the government failed due to disagreements between the labor and justice departments.
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