Rediscount Rate Change Impacts Farm and Trade
The report notes shifts in rediscount rates affecting farmers and commerce, with considerations from the World Bank's reforms and a briefing from the State Department. Market reactions hinge on agricultural prices, loan costs, and international trade tensions impacting demand for farm products and financing conditions.
Wool marketing officials to form national sales agency in October
Washington announces that officials of all wool cooperative marketing associations and producer owned warehouses will meet with the federal farm board in Chicago early in October to establish a national cooperative sales agency and an advisory council for the commodity. The move follows conferences with the National Wool Marketing Council and other groups seeking federal aid and an advisory council for wool, with a similar petition expected from the American Cotton Growers exchange.
MENTIONED IN THIS ARTICLE
Washington
United States
Federal Farm Board
Chicago
National Wool Marketing Council
Farm Relief Revolving Fund
American Cotton Growers Exchange
Wool Marketing Association
Ramsay MacDonald
Britain
Snowden
Federal agent Reynolds found dead after ride in Arizona
The body of Justice Department agent Paul Edward Reynolds was found in the Grand Canal near Peoria Arizona with a bullet wound to the heart. Police suspect gangsters or vice leaders arranged Reynolds murder as he hunted for criminals while trailing a gang operation. Reynolds rented a car Friday night telling attendants he would swim and planned to return in a few hours. Glendale pool officials could not confirm if a man matching Reynolds’ description swam there that night.
MENTIONED IN THIS ARTICLE
Phoenix
Ariz
Paul Edward Reynolds
Department of Justice
Grand Canal
Peoria
Reynolds
Glendale
Centerville Fire District adopts 14 mill tax increase
Silver Bow county voters face a 29-30 levy fixed at 2134 mills, down 134 mills from recent years. Board chair Emmett O'Brien says the plan yields one of the lowest tax levies in years, with the general fund cut by 2.25 mills and a 0.25 mill shift to sinking fund, reflecting strict county economy and department budget trimming.
MENTIONED IN THIS ARTICLE
Farm Board
National Wool Co- -Operative Sales Agency
Silver Bow County
Board of County Commissioners
Emmett P. O'Brien
Tim Kearney
Don King
Emmett O'Brien
Parachute Jumper Communicates Thrills by Radio
At Roosevelt Field New York on August 12 H G Buddy Bushmyer parachute expert leaped from a plane about 10000 feet and described his sensations to a large radio audience Officials of the National Broadcasting Company said it was the first successful broadcast of its kind He left his plane at 630 p m and remained in communication until he was 3000 feet above the ground
MENTIONED IN THIS ARTICLE
Roosevelt Field
N. Y
National Broadcasting Company
H. G
Buddy
Bushmyer
S. U
Snowden May Relent At Reparations Conference
United Press reports in The Hague indicate the international reparations conference moves toward a compromise on the Young plan. British chancellor Phillip Snowden and French Italian Belgian delegates show signs of concessions as France may yield part of its 500 million mark reparations share to Britain and broad agreement appears possible.
MENTIONED IN THIS ARTICLE
Henry Wood
United Press
The
Hague
Great Britain
Owen D. Young
Phillip Snowden
France
Italy
Belgium
Britain
Germany
Snowden
Federal Reserve rate hike shocks markets and analysts
Col Leonard Ayres and W C Durant debate the Fed move raising rediscount rate from 5 to 6 percent without warning, predicting broad impact. The New York bank leads a likely ripple effect with other federal reserve banks expected to follow. Bulls face renewed uncertainty after years of a strong uptrend in American trade and markets.
MENTIONED IN THIS ARTICLE
North American
Alliance
Leonard Ayres
Cleveland Trust Company
Federal Reserve Bank of New York
W. C. Durant
New York Bank
Federal Reserve System
Federal Reserve
Chicago
Hides Taken Off Tariff Free Bill Faces Senate Action
Senate finance committee Republicans indicate support for some duty on hides leather and shoes still on the free list after long House debate. A tentative plan leaves hides at 10 percent, with leather and shoes varying higher or lower. House-passed rates ranged 12 to 30 percent for leather and 20 percent for shoes. Final amendments to the House duties postponed until tomorrow after consultation with a national farm leader.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
Two Firemen Die as Truck Skids in Winnipeg
In Winnipeg Manitoba two firemen were killed and two seriously injured when a fire truck overturned while answering a false alarm. The deceased are Fred Doulding and Alex Morrison. Injured are Chief James Dickson and Duncan Dure. The crash is believed caused by harsh braking at an intersection.
MENTIONED IN THIS ARTICLE
Winnipeg
Man
Fred Doulding
Alex Morrison
James Dickson
Duncan Dure
Doulden
Young Women Robbed by Hitch-Hikers Near Hoxie
Two Concordia women were found bound near a highway east of Hoxie after saying two youths they had given a ride from Limon Colorado assaulted them, stole their car and most of their clothing. Beatrice Walsh 33 and Leda Beauregard 22 remain in hospital in serious but not critical condition as sheriff investigations continue.
MENTIONED IN THIS ARTICLE
Hoxie
Kan
Concordia
Tomobile
Beatrice Walsh
Leda Beauregard
Limon
Colo
Quinter
Fred Morse
Sheridan
Chinese bandits kidnap American missionary in Shantung
Henry Wesche, an American missionary of the Holiness mission at Tung Chang Fu in Shantung, was kidnapped by Chinese bandits on August 9. The bandits demanded government employment as the condition for his release, while Shantung continues to suffer famine pressures.
MENTIONED IN THIS ARTICLE
Peking
China
Henry Wesche
Tung Chang-Fu
Shantung
Culver to Speak at Butte Realty Leaders Banquet
Harry H. Culver head of the National Association of Realty Men travels across the country drawing business attention at Culver luncheons. He spoke in Great Falls Saturday night with Lewistown visitors praising him. A Montana telegram urged inviting bankers ministers and attorneys to the August 14 banquet at the New Finlen in Butte. Culver flies across the nation at his own expense and is noted for a strong speaking style.
MENTIONED IN THIS ARTICLE
Butte
Harry H. Culver
Culver City
Los Angeles
Calif
National Association of Real Estate Boards
Stinson-Detroiter
Herbert A. Nelson
Chicago
The
Association
Eft
National Association of Realty Men
Culver
Billings
Great Falls
Lewistown
John 5. Wulf
Realty Board
W. W. Hulce
Montana State Association of Realtors
Mr. Moore
Montana State Association
Finlen
Divorce and Marriage May Be Made in Heaven Says Novelist
New York report from Sam Love notes Owen Johnson argues marriages and divorces both made in heaven. He suggests happiness is possible after divorce and even while divorced in Paris. Johnson, famed for experiments with ideas, counters harsh critiques of marriage.
MENTIONED IN THIS ARTICLE
Novelist of
America
Sam Love
United Press
New York
John Roach Straton
Owen Johnson
Johnson
Heaven
Mr. Johnson
Paris
Fires Sweep Montana Forests Prompt New Crews
Western Montana battles multiple fires with blazes at Huson Lothroy Westfal Iron Mountain Kalispell and Lost Horse creek. More than 3 000 acres burned near Sullivan fire 40 miles from Coran. Willow creek blaze near Helena scorched 1 000 acres as winds fanned flames. Reinforcements rushed by truck to Eakin Ridge fire south of the Bitterroot.
MENTIONED IN THIS ARTICLE
Missoula
Montana
Huson
Lothroy
Westfal
Iron Mountain
Kalispell
Sullivan
Coran
Flathead Forest
Lost Horse Creek
Hamilton
Willow Creek
Helena Forest
Blackfoot Valley
Blanchard Creek
Eakin Ridge
Bitter
Father questioned on death of child in Milford
Peter Mikenas father of three year old Albert Mikenas of Ansonia was arrested at a Shelton bakery where he works. Police say he will be held as a material witness after the decomposed nude body bearing marks of foul play was found in a Milford marsh yesterday and he will be questioned thoroughly.
MENTIONED IN THIS ARTICLE
Milford
Conn
Peter Mikenas
Albert Mikenas
Ansonia
Shelton
Mikenas
Portland flyer completes Pacific coast flight in 75 gallons
Tex Rankin, Portland aviator, left Vancouver at 4 30 am in the plane Three Flags for a non stop flight along the Pacific coast. He landed at Agua Caliente Mexico at 5 48 pm after circling San Diego and passing over the city about 5 40 pm at about 1000 feet. Rankin was greeted by Mayor Harry Clark of San Diego and others and said fog kept him from ground contact until near Portland. He used 75 gallons of gasoline and encountered warm San Joaquin valley weather and head winds little troubled.
MENTIONED IN THIS ARTICLE
San Diego
Cal
Tex Rankin
Portland
Vancouver
B. C
Pacific Coast
United States
Agua Caliente
Mexico
Rankin
San Joaquin Valley
Federal Agent's Arrest Demanded in Chicago
James Bobbett a Chicago Tribune photographer requested a warrant for the arrest of federal prohibition agent B F Mills claiming Mills struck him and blinded his eyes while four agents restrained him Judge John Lyle signaled he would issue the warrant The alleged attack followed a court corridor clash after Judge Lyle postponed the Willard Mogland case Mogland another federal prohibition agent is charged with beating a 60 year old cafe owner during a raid but did not participate in the assault according to Bobbett
MENTIONED IN THIS ARTICLE
Chicago
B. F. Mills
James Bobbett
Chicago Tribune
Mills
John Lyle
Municipal Court
Lyle
Willard Mogland
Mogland
Bobbett
Highway work in Jd 10 connect important trails
Montana road program reports 3.6 million dollars spent to build over 500 miles of improved highways in the last year and a half. O S Warden, chairman, spoke at a Kiwanis convention in Billings, outlining 1930 plans to breach western mountains to link Idaho routes and to span the Missouri and Yellowstone rivers for tourist access.
MENTIONED IN THIS ARTICLE
Billings
Montana Highway Commission
Montana
O. S. Warden
Kiwantans
Fall on Pitchfork Fatal to Ranch Hand in Wise River
J. A. Howard, 23, of Greeley Colorado, died at Murray hospital after falling from a haystack on the Tom Pendergast ranch near Wise River last Friday. He toppled onto a pitchfork causing fatal injuries, an operation was performed but he died about 9 a.m. yesterday. Beaverhead county coroner expected to hold an inquest. Body lies at Sherman Reed parlors pending relatives’ word.
MENTIONED IN THIS ARTICLE
J. A. Howard
Greeley, Colo
Murray Hospital
Tom Pendergast Ranch
Wise River
Howard
Beaverhead
Greeley
Colo
Sherman & Reed
Also Mentioned on This Page
State Department
Altion
General Fund
Centerville Fire District
Hides
Senate Group
James H. Rowe
Kremer
Hazelbaker
Portland Flyer
OANG
America North VO South
Warden
High Commission