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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 18, 1940
Page
4
The article warns that French surrender could push Europe toward a vast Nazi controlled economy, impacting US industry and trade. It examines Western Hemisphere dependence on European markets, Nazi currency and trade methods, and the potential for economic realignments while noting US resilience and strong industrial output.
Naashville Ga January 18 Farmers start curing the 1940 crop of bright leaf tobacco for the auction sales with many barns already firing. The crop is described as good quality with minor weather damage. Prices are expected to stay low due to limited British demand and previous year surpluses. Warehousemen and buyers plan to meet to set opening dates for markets in Georgia Florida and Alabama regions.
Washington June 18 Rep Allen Republican from New York denounces President Roosevelt over German observers and war preparedness claiming 72 U S officials in Germany and warning of dangerous content. Rep Fish also assails a cabinet cartel proposal as crackpot and cockeyed New Deal experiment and accuses Roosevelt of war hysteria.
The Justice Department plans to assign three deputy marshals to the southern district of Georgia due to increased duties. S. A. Andres of the administrative division testified before the house appropriations committee that final approval of a requested appropriation is needed. Deputies would earn 1800 dollars annually as part of new national defense related functions and a reorganization expanding control over the immigration and naturalization service.
New York June 18 trading sees steels rails and rubber shares up briefly before mid day losses erase advances. Traders await Hitler Mussolini peace terms while Petain and Weygand urge continued fighting. Bond and cottonseed oil markets close steady with varied prices and gains.
Atlanta reports state funds have been set aside to cover a 3500 dollar loan Governor Rivers made during the current fiscal year to meet the seven month state supported school term. Revenue shortfalls limit options. a new borrowing may be needed after July 1 unless counties can bridge until December tax receipts.
Valuable League of Nations records sent to Vichy in May for safekeeping were returned to the League’s palace in Geneva this morning. A Swiss moving van drove the documents through the war‑stricken republic as part of contingency plans if Switzerland were invaded.
New York stocks show a steady start with an early rally faltering. Bonds edge higher as axis loans see limited rally gains. Currencies mixed with Nazi units rising and the Canadian dollar slipping. Cotton and sugar hold steady amid buying and trading activity. Tin softens while wool falls on selling pressure. US wheat and corn rise. cattle trends higher. hogs mostly lower with a top around 5.25.
Combined receipts of hogs at Southeastern plants totaled 841 head with steady prices from Monday. Chicago hogs also listed light demand with prices mostly 10 lower. cattle and calves show firm to higher values amid active demand. Cotton futures rose in New York and New Orleans on short covering and mill demand.
In New York on June 18 bleachable cottonseed oil futures closed mixed with some contracts up. Sales reached 70 contracts with June at 5.96 bid and September at 6.09 bid while October 6.10 and December 6.15 and January 6.18 bid.
Turpentine firm reports 26 percent offerings with 270 sales 45 receipts 439 shipments none stock 10.50. Rosin firm shows 282 offerings all sold receipts 750 shipments none stock 163 312. Prices listed alphabetically from B to X with ranges and single values including F G I M N WG WW and others.
Cash wheat prices show sample grade red and hard Tle at 77 to 84 cents, Uorn No 1 yellow 64 to 65 cents, No 2 64 to 66 cents, No 1 white 75 to 76 cents. Oats No 3 white 44 to 45 cents, Barley malting 55 to 56 cents, feed 40 to 48 cents.
New York sugar markets opened steady with small trade and operator orders. Prices held near prior levels with July at 1.79 and March at 1.93. Puerto Rican June 26 clears offered at 2.80 cents, Philippines mid July at 2.77 cents, Cuban sellers withdrawn, refined withdrawals slow at 4.50 cents per pound.
Chicago poultry markets on June 18 report live poultry steady to firm. Hens 4 lbs and under 13 percent, broilers 214 lbs down, colored 15 14, Plymouth Rock 17, White Rock 17, springs under 4 lbs 18, turkeys hens 12. other prices unchanged.
Potatoes and related prices in Chicago report mixed changes with butter at 90, centered carrot and other price items steady. Beggs line shows 27, 824 steady. other prices unchanged. Source notes U S Dept of Agriculture data and mentions cobblers and paroles in garbled text.
Dr. Glenn Frank heads a 200 member Republican committee that rejects commitments risking involvement in others wars. The group’s 30,000 word program calls for defending the Western Hemisphere, avoiding European war involvement, and building defenses. Herbert K. Hyde named temporary Republican resolutions chair. Hyde supports aid to Allies but opposes guaranteeing any nation’s political independence.
In Munich on June 18 informed circles expect Axis peace terms to start with Alsace and Lorraine for Germany and Corsica Tunis and Nice for Italy. Mussolini may seek other concessions to African colonies. The question is what will become of France as its army would be rendered impotent and the republic downgraded if terms are accepted.
The Bureau of Agricultural Economics said that if the European war persists, American industrial production could rise above 1939 levels. An end to hostilities might trigger a decline as exports fall and domestic markets adjust. The report notes Germany's moves may redirect steel trade to the United States and warns of uncertainty dampening buying.
Navy reports the cruiser Quincy calls at Montevideo Uruguay as part of a friendly South American cruise after visiting Rio de Janeiro. The text notes concerns over German influence and Nazi activity among Uruguayan and Latin American circles. It also mentions another U S cruiser Wichita operating in the region.
The House Appropriations Committee asked Congress for over 1.69 million dollars in an emergency measure to double the Mexican and Canadian border patrols and tighten alien seamen enforcement. The $57.92 million omnibus move also provides 2.2 million for immigration services and raises patrols from 856 to 1,625 across both borders.
London reports the Rumanian cabinet has resigned with exchange Telegraph citing DNB the German official news agency as its source. The brief dispatch identifies no names or dates beyond the June timing.
Tulsa police commissioner Russell Cobb joked that he has no need for a gold badge, saying its only use would be to tease friends. He noted heightened domestic preparedness could blunt any recession impact and that recovery would follow when defense industry demand grows.
Uruguay acts to curb associations seen as fifth column with a law approved by the senate after marathon talks. The chamber of deputies backed the measure on June 13, and the German minister had already ordered Nazi centers closed in anticipation.
A 15th century painting at the Persian Exhibition is interpreted as depicting a large four wheeled self propelled flame throwing vehicle used in warfare. Scholars note the work reflects Persia’s long history of wars and disaster while suggesting early ideas behind modern blitzkrieg concepts.
City officials were embarrassed by a report from Building Inspector Frea Erhart who found the aldermen chamber doors swung inward since 1870 violating a 1893 law requiring outward swinging doors. He noted 34 city churches also violated the law, prompting concern across Louisville.
A Butte Montana manicurist claims she did service for a customer who left without paying. Police caught up with the man who said he slept in the barber chair and felt he was not morally obliged to pay, prompting dispute over payment for nail work.
On a West Party street corner a crippled man fought with a passerby over income tax. Patrolman Del Rodda stopped the scene and found 31 pounds of silver coins in 11 bags and $15 in currency on the man. The coins were sent to a bank for counting.
In Manhattan Kas Sidney Harry, golfing with a friend, claimed he had attended Kansas College three years without meeting President F D Farrell. A ball struck him from behind interrupting the remark as the actual forward who stepped up was the president.
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