Market Weakness Fueled by Tax Fears and Bank Liquidity Shifts
Market weakness attributed to fear of a capital levy and double taxation in the revenue bill. Treasury Mills advocates favorable interpretation, but traders largely ignore developments. Utilities suffer as Bond & Share faces losses, while Canadian National owes the government and faces nonpayment. Banks show liquidity gains early April but must invest to revive business.
MENTIONED IN THIS ARTICLE
Match King
United States
Krueger
Toll 5
New York
Economy clash prompts $12 million cut in interior bill
The economy committee in the House urged the president to propose specific saving steps as Democrats push for action. Senate appropriations reduced the interior department request from 57 million to 45 million, reporting it for action. A letter to Hoover stresses nonpartisan cooperation amid severe fiscal strain.
MENTIONED IN THIS ARTICLE
Washington
Congressional
Democrats
Interior Department
Democratic House
Senate
McKellar
Tennessee
Senate Appropriations Committee
Hoover
Economy Committee
House of Representatives
Kreuger Fraud Report Shakes New York Market
Large blocks of International Match securities tumbled after the Swedish committee report on Ivar Kreuger’s tangled finances. Three issue groupings totaling 185 million par value fell to new lows, with market value dropping from 95 million to about 10.8 million. Kreuger Toll American shares slid to 50 cents, off about 12 1/2 cents.
MENTIONED IN THIS ARTICLE
New York
International Match Company
Ivar Kreuger
Kreuger
Kreuger and Toll Company
American
New York Stock Exchange
Battle Over Soldier Bonus To Start In House Monday
A $2 billion fight over World War veterans’ cash bonus begins Monday before the house ways and means committee. Public hearings will explore paying the bonus now as an emergency measure and the methods to fund it without tax increases or triggering inflation. Opponents warn inflation harms national finances while supporters push immediate cash aid.
MENTIONED IN THIS ARTICLE
Charles M. M’cann
Washington
House
Ways and Means
Legion Receives Burial Plot At Mountain View Cemetery
A Silver Bow post of the American Legion through its 40 and 8 committee is donated a burial plot in Mountain View Cemetery. Deeds and an agreement were handed to Legion officials by Earl Genzberger as Ray Lomas’s representative. The plot will be dedicated with Memorial Day ceremonies, ending more than a decade of efforts to reserve space for World War I veterans.
MENTIONED IN THIS ARTICLE
Mountain View Cemetery
Legion
Silver Bow Post
The
American Legion
Cemetery Association
40 & 8
Bob Fraser
W. L. Chapman
Pat Gagner
Ray Lomas
Chef de Gare
Earl Genzberger
Mountain View Cemetery Association
Joseph Fabian
Earl N. Genzberger
40 & A
Roosevelt Gains Georgia Wisconsin Delegates In Democratic Split
Governor Roosevelt of New York earned 28 Democratic votes from Georgia pledged to him while Wisconsin Democratic delegates backed Roosevelt as long as his name stays in contention. Wisconsin Republican delegation control remained unsettled with conservatives ahead of independents. In Wisconsin 566,292 votes marked a record Democratic showing.
MENTIONED IN THIS ARTICLE
Roosevelt
New York
Georgia
Wisconsin
Record Driving Permits Hit All Time At ButteTreasurer
A record 350 driving permits were issued at the Butte city treasurer office yesterday drawing a diverse crowd of young and old. Applicants lined up as licenses were handed out amid a mix of protests and smiles while the traffic squad issued tickets to unlicensed drivers. Continued on page 2 column 8.
MENTIONED IN THIS ARTICLE
Butte
Montana Weather Forecast for Thursday and Friday
Montana forecasts show fair conditions on Thursday and Friday with little temperature change. Clear skies and calm winds are expected across the state, with daytime highs in the 60s and overnight lows in the 40s.
MENTIONED IN THIS ARTICLE
Montana
Developments boost hopes in Lindbergh case
Four rapid developments fueled optimism that Charles Lindbergh Jr. will be returned. Gov. Moore said the child is alive and well. Boatbuilder John Hughes Curtis reported contact with kidnappers and said the child is alive and well. Lindbergh’s weekend airplane trips were thought to be connected with negotiations. Strong optimism persisted across circles including the family.
MENTIONED IN THIS ARTICLE
Dolos Smith
Hopewell N. J
Lindbergh
Charles Augustus Lindbergh Jr
A. Harry Moore
New Jersey
Col. Lindbergh
Counties to share Montana motor vehicle licenses revenue
Silver Bow County will receive 54544.50 dollars as part of March sales of motor vehicle license plates. Other counties listed include Cascade 58094.10, Missoula 32021.90, Gallatin 19849.50, Yellowstone 30559.05, Lewis and Clark 25654.05, Park 11166.75, Fergus 15191.55, Deer Lodge 13543.20, Flathead 26235.45, Carbon 9923.85, Custer 9244.35.
MENTIONED IN THIS ARTICLE
Helena
Montana
State Board of Examiners
Registrar of
Pear Vehicles
Cascade
Custer
Deer Lodge
Fergus
Flathead
Gallatin
Hill
Lewis and Clark
Missoula
Park
Silver Bow
Yellowstone
Reparations to End at Lausanne Conference
Berlin reports a semi official German statement says the Lausanne talks in June will end reparations payments for Europe. In return Germany would pledge a political truce and refrain from pressing treaty revision for several years. The notice cites France’s Andre Tardieu and Britain’s Ramsay MacDonald as context.
MENTIONED IN THIS ARTICLE
Frederick Kuh
Berlin
U.P
Lausanne
Europe
Germany
Andre Tardieu
France
J. Ramsay Mac
Cosgrave to Fight De Valera Policy in Dail Opposition
The new Cosgrave opposition in Dail Eireann pledges to vigorously resist De Valera policies that could weaken the Anglo Irish Treaty and harm the Irish Free State’s position in the British Commonwealth. The stance was announced in Dublin.
MENTIONED IN THIS ARTICLE
Dublin
Irish Free State
Dail Eireann
William Cosgrave
Eamon de Valera
Cosgrave
Carroll Leads Derby Contenders On Reveille Boy
Reveille Boy ridden by J. L. Carroll leads the Red Triangle Derby as 1932 jockeys report at luncheon. Kilroy on Gallant Knight close behind amid word of an investigation into Phar Lap’s death and alleged stimulant use by Carroll’s stable.
MENTIONED IN THIS ARTICLE
J. L. Carroll
Dead Mount
Canters
DERBY
Reveille Boy
W. E
Casey) Pierce
Carroll
Phar Lap
Ward Graham
Dave Kilroy
Gallant Knight
Kilroy
Columbia Students Clash Over Expulsion Rulefor Reed Harris
bruised knuckles and black eyes marked a one day protest at Columbia University as students urged reinstatement of Reed Harris expelled editor of the Spectator. tear gas was used during a melee beneath President Butler offices with strikers and non-strikers. strike leaders claimed 75 percent effectiveness and planned to resume classes tomorrow.
MENTIONED IN THIS ARTICLE
New York
Columbia University
Reed Harris
The
Spectator
Nicholas Murray Butler
Harris
Highway matter to be settled at joint meet
City council voted to form an 11 member committee with county commissioners and chamber of commerce to discuss a southern city arterial highway project. They also set a canvass for aldermanic election ballots and sought AG opinion on county supervision and funding rules for the improvement.
MENTIONED IN THIS ARTICLE
Pers
Chamber of Commerce
Butte Merchants Deny Half Day Closings Amid Low Mood
Butte leaders at the largest Chamber of Commerce meeting vow to keep stores open and oppose rumors fueling fear. J. Cohen sponsors a committee to boost employment while J. R. Hobbins of Anaconda emphasizes Montana’s steady copper industry and community resilience.
MENTIONED IN THIS ARTICLE
J. R. Hobbins
Anaconda Company
Merchants’ Meeting
Montana
Butte
Chamber of Commerce
J. Cohen
Symons Company
Ray Ruhle
Cohen
Potter
Chamber
Racial Hatreds Surface in Fortescue Trial Judges Struggle Over Jury
Honolulu April 6 A courtroom drama centers on Mrs Grace Hubbard Fortescue her son in law Lieut Massie and two others as they face an alleged honor murder of Joe Kahahawai JI amid fierce racial tensions. Prosecutor Kelley seeks to remove white jurors while defense argues against biased panelists.
MENTIONED IN THIS ARTICLE
Honolulu
T. H
U.P
Grace Hubbard Fortescue
Joe Kahahawai Ji
Thalia Fortescue Massie
Hawaii
Island
Paradise
John Kelley
Shaggy Clarence Darrow
Washington Society
High Standard Maintained by Milk Supplied to City
Butte's milk supply keeps the high standard set months ago, the March standings report read to the city council. City milk inspector Ed H. Schogren says 36 dairies supply A grade milk and two are in B class. Dairies with fewer than 25 000 bacteria per cc are in the A group while higher counts go to B. The March survey, based on 268 samples, shows improvement since earlier months when some dairies were rated C. Continued on Page 2, Col. 72.
MENTIONED IN THIS ARTICLE
Butte
Ed H. Schogren
Also Mentioned on This Page
Congress
Everybody
Max Winkler
Canada
America
Dominion of Canada
Dominion
Olaoh
Special House Committee
Group
Rodgevelt
Silver Bow County
Associated Press
Ruth H. Carpenter
Franklin Roosevelt
DE Valera
Henningsen
Blewett
Joint Meet
Anaconda
S8ymons
Hennessy
Shiner
Henningson
Eclipse
Stephenson
Hobbins
Fortescue
Darrow
By Dan Campbell