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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Jun 02, 1936
Page
7
A letter publicized by Senator O Mahoney supports applying a payment principle to sugar legislation and soil conservation allotments. He will offer an amendment reducing payments by up to 60 percent on higher brackets, starting with a one percent cut on $2 000 to $3 000 and rising with larger sums, up to the $51 000 tier.
The president proposed amending the sugar production act to extend it through 1937 and align it with Supreme Court rulings. Committees in the Senate and House were summoned to fast track stop gap control legislation. Secretary Ickes protested a provision granting 40 percent of any increase in consumption to continental beet and cane producers as discriminatory. The Jones Costigan stabilization act would extend its basic features through 1937 with a 30 percent surplus share to continental producers.
Japanese reports allege Nanking sought war as Canton and Nanking near unification. Chinese officials in Sha Hai dispute the claim while noting mobilization of 35 000 soldiers along Kwantung and Kwansi borders. Canton leaders reportedly propose a full mobilization to invade southern Kiangsi and Hunan.
Senate backs a 62 to 14 relief bill after debate over WPA administration and fiscal efficiency. Hayden adds 57 million for western reclamation while key allocations cover highways, public buildings, parks, utilities, flood control, youth, and rural relief. Senators Pope and Borah vote yes.
New York markets opened with nerves as Westinghouse sparked a sharp break and broad lists showed mixed results. Active issues fell from minor losses to over 3 percent with some firms showing late strength while transfers hovered near 80 000 shares. Air Reduction and American Can among names noted with modest gains as overall mood remained unsettled and volatile.
Copper steady around 9.50 futures and 9.10 exports. Lead around 4.60 spot in New York and 4.65 in East St. Louis with 4.45 elsewhere. Zinc dull with East St Louis spot and futures near 4.90. Aluminum quoted 19.00 to 22.00. Antimony spot 18.60 and quicksilver 74.50 to 75.00.
Moderate quantities of wool sold in Boston market at firm prices. Buyers showed interest in fine wool albeit with premiums for good French combing lines. Graded fleeces of combing length sold around 35 to 40 cents for fine Dre laine, with prices near 87 to 90 for blood and 37 to 38 cents for wool.
Readable lines show butter prices from Armour's and Mutual at 29 to 30 cents per pound, eggs for pullets listed, and wholesale wheat and mill feed figures. Elevators in Pocatello publish cwt prices for bran and stock foods, with bulk buying values for various brands and cwt quotes, indicating market rates for farm commodities.
Chicago wheat rose late on news of possible China Japan tensions with prices ending unsettled and July around 84. No. 1 white corn and No. 2 yellow mixed in thin demand while oats and soybeans showed modest changes. staples for spot cash grain listed with varied grades and bids.
Idaho Outlaw charges censorship at the Southern Branch of the University of Idaho after the May 22 Bengal was delayed to May 26 due to extensive edits. Editors pledge rewards for proof of any false statements and vow future editions when press freedom is endangered. Three publications committee members were removed over disagreement about the Bengal.
Livestock markets report hogs cattle and sheep in Ogden Omaha and Portland with price ranges. Hogs mostly steady to lower with top butcher bids around 9.85 and 9.75 in Ogden and Omaha steady to slightly down. cattle show varied prices from strict to good grades, bulls and cows down to 3.75 5.00 in some lots. sheep bulk numbers around 4 520 head in Ogden and 2 500 in Omaha with lambs lower than prior week. Notes include category spreads by weight and grade, with spring lambs now classified as yearlings.
In New York on June 2 bar silver was steady at 44 1/4 cents per ounce with the metal unchanged. London reports bar silver quiet and 1 16d lower at 197 1/2 pence per unit, sterling price equivalent to 44.71 cents.
USDA notes U S potato shipments 503 thousand bags with 71 on track. New stock shows strength while demand remains light and supplies are moderate. U S No 1 Texas Cobbiers at 3 50 to 3 90, California White Rose 3 90 to 4 10, mostly 4 10 era. Idaho Russell Bur banks fair quality medium size 3 70, U S No 2 3 50.
Three summer editions of the Idaho Bengal will publish mid June mid July and mid August printing about 3000 copies for high school graduates across southern Idaho. The issue will feature university departments activities and opportunities with special lithographed inserts of campus photos.
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