Stronger Banks and Sounder Business Ahead
In a crisis the banking sector prioritized liquidity and loan collection to meet withdrawal demands. As confidence returns, banks will lend more prudently, avoid long-term risk, and support recovery with sound, deposit-backed loans while addressing tax fears and regulatory concerns. Bank strength, per the Comptroller of the Currency, underpins renewed public trust and fewer runs.
MENTIONED IN THIS ARTICLE
Congress
Federal Reserve Board
United States
Training for Bankers by the American Bankers Association
F. M. Law, president of the American Bankers Association, states that the ABA has long operated standard courses for banking under the American Institute of Banking Section. Over two hundred chapters nationwide train thousands yearly, instilling banking skills and ethics, with a proposal to create a central graduate school for select graduates.
MENTIONED IN THIS ARTICLE
American Bankers Association
American Institute of Banking Section
Association
F. M. Law
Banks Repaying Loans From R F C
Banks and trust companies have repaid faster than other borrowers from the Reconstruction Finance Corp. Since 1932 loans were authorized to 7,080 banks totaling 1.995 billion dollars, with 1.553 billion drawn and 0.925 billion repaid by April 1934. Observers see this as a sign of returning normal financial conditions.
MENTIONED IN THIS ARTICLE
Banks
Trust Companies
Reconstruction Finance Corporation
ABA Foundation Scholarships Since 1928
The American Bankers Association Foundation for Education in Economics established in 1928 has awarded 354 college loan scholarships. Loans repaid total $262,000 with $86,900 still outstanding. Investments of funds total $210,060.
MENTIONED IN THIS ARTICLE
American Bankers Association Foundation For Education In Economica
South Omaha Livestock Prices Report May 29 1934
Receipts at Union Stock Yards Omaha Monday totaled 9 000 cattle. Opening prices for desirable yearlings heifers and beef steers up, best up to 8 50 or more. Cow tuff steady, stockers and feeders active and stronger, top feeders to 5 25. Cattle quotations include steers from 8 25 to 8 85 prime, yearlings 6 25 to 7 00 prime, veal calves 3 00 to 5 50, stocker and feeder classes varied, several categories listed with ranges.
MENTIONED IN THIS ARTICLE
Union Stock Yards
Omaha
Liberal run of hogs lowers receipts and bids
Hog receipts Monday reached about 14 000 with ample local supplies and bearish outside reports. Trading opened slow with bids and sales 10 cents lower than Saturday. Desirable butcher weight and light hogs moved at 3.00 to 3.15 dollars, heavy and mixed packers mostly 2.75 to 3.00, lows 2.60 to 2.70.
Lambs Decline 15 25 Cents Amid Steady Feeder Demand
Receipts of sheep and lambs totaled 6000 on Monday. No urgent demand for fat lambs appeared, market down 15 to 25 cents from last week. Prices included shorn Californias at 9.50, wooled Idahos at 9.00, shorn old crop lambs at 7.85. Feeder demand was active with top at 8.00. Aged sheep steady. Fat lambs ranged 7.75 to 10.10 depending on grade and size. Feeder lambs and yearlings quoted at 7.50 to 8.75 and 6.50 respectively.
Gas street lighting first lit Pall Mall in 1808
Delaware’s low elevation is noted, with 60 feet above sea level if leveled. Pall Mall’s 1808 gas street lighting marked a bold dawn as Winsor’s enterprise faced universal prejudice. Cartoons mocked the smoky glow while Sir Walter Scott and Sir Humphrey Davy doubted the bold experiment.
MENTIONED IN THIS ARTICLE
Delaware
Colon
Pall Mall
Winsor
Walter Scott
London
Humphrey Davy
Porcelain Exhibit Recalls Meissen Discovery in Germany
A permanent porcelain exhibit at Albrechtsburg Meissen highlights Johann Böttger who sought gold for King August II and inadvertently discovered porcelain. A banquet room table features coral red porcelain with the dragon mark made for the Saxon royal house until 1918, with a Bottger ram mural and a materials showcase.
MENTIONED IN THIS ARTICLE
Meissen
Germany
Albrechtsburg
Johann Bottger
August the Strong
Bottger
Meteor and Meteorite and Jumping Over a Broomstick
The piece distinguishes a meteor as a luminous space rock in flight and a meteorite as a fallen stone from space. It also notes the custom of jumping over a broomstick as a mock marriage rite, traced to Scottish gypsies and early English literature from 1774.
MENTIONED IN THIS ARTICLE
Earth
Literary Digest
Scotland
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