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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 26, 1933
Page
4
Senator James Couzens, American delegate, told the world economic conference that the global debt structure must be adjusted. He called for organizing creditors worldwide and a permanent advisory body between creditors and debtors. He cautioned against misreading as a call to default or to scale down obligations.
Assistant Secretary of State Raymond Moley will fly from Cobh to Croydon Field after arriving from the United States. The Roosevelt envoy is awaited by foreign delegates with keen interest as they anticipate his latest plan and a potential welcome from the American embassy.
Senator James Couzens of Michigan urged a world economic conference to lighten personal debt burden, raise prices via monetary means, and boost purchasing power through public works. He cited U S actions already taken toward financial reconstruction and emphasized debt relief as essential.
London June 26 India signaled willingness to cooperate in the rehabilitation of silver as proposed by Senator Key Pittman. The pledge came after a meeting of the conference silver committee with Sir George Shuster present. Experts view cooperation from the world’s top silver holder as crucial to stabilizing supply and price.
Cleveland June 26 The Birmingham division No. 436 was offered a chance to reenlist in the Brotherhood of Locomotive Engineers by the Triennial Convention. A 30 day period was set for back dues and 12 supporters to acknowledge bylaw violations. Grand Chief Alvanley Johnston suspended the division in 1932 over a petition for a special convention. The dispute shows the ongoing split with the progressives challenging Johnston.
New Orleans June 26 Prices for cotton surged above ten cents a pound amid expected Wallace acreage curtailment in the south and wheat gains. Futures climbed to July 10.25 and December 10.71 with May 1934 above 11 cents. spot cotton rose 4.40 to 10.29 cents.
New Orleans reports broad buying as fake deliveries and an imminent July position push cotton futures above 10 cents. July at 10.01, October 10.29, December 10.39 after first hour, with gains of 2.50 to 2.80 a bale and feverish trading amid administration acreage reduction drives.
New York reports a sensational buoyancy in grains at Chicago and a broad stock market rally. Cotton gains are extreme with increases over $3 per bale as traders flood Wall Street to buy commodity and farm belt shares. Industrial groups stay strong while utilities and rails lag amid about 4 500 000 in sales.
Chicago June 26 Wheat rose seven cents to near a dollar a bushel as May 1934 delivery traded around 99 1/4 cents and December near 94 7/8. Crop damage from heat drought spurred buying, grains hit season highs, corn 1.5 cents up to 58.5 cents, oats up 3 cents to 43 cents.
Detroit June 26 Postmaster General James A Farley visiting state Democratic leaders predicted that prohibition would be out of the constitution by Christmas He cited upcoming repeal votes in Alabama Arkansas and Tennessee as key milestones and said southern support would break the drys hold.
In Rome a bomb exploded at St Peter's portico injuring four pilgrims as Demetrio Solomon, a Spaniard with a Spanish passport, was arrested for planting the device. The blast, linked to the Vatican Spain tensions over the June 3 encyclical, caused panic but little property damage. Solomon fled after the explosion but was tracked down as he tossed a passport into a fountain. He will be tried in Italy under the Lateran treaty.
Georgia World War veterans gather in Valdosta for the annual American Legion state convention. Activities include business sessions speeches memorial service canoes and fish fries with a full week of events featuring Ray Murphy Ida Grove Iowa and state leaders such as Scott Candler W A Sirmon Omer W Franklin and Miss Leila Summerall.
Washington June 26 Landon Post assistant federal emergency relief administrator left this morning for Atlanta Georgia to confer with Governor Talmadge and the state relief board on relief matters.
River county farmers and business leaders are urged to attend a Court House meeting next Wednesday at 3 pm to learn about a cotton allotment plan. The plan seeks to remove ten million acres from cotton production in southern states, with potential price gains if adopted and risk of price decline if it fails. County Agent P. H. Ward invites all to participate in explaining how it works and the benefits, emphasizing government aid and economic crisis recovery.
Thousands of Rotarians filled Boston for the 14th annual Rotary International convention. Special trains carried delegates from the Midwest and far west while chartered steamers brought groups from Baltimore Philadelphia and Savannah to attend the sessions opening this afternoon.
Captain Barnett, ousted highway chairman in Georgia, vows to fight 10 million dollars in federal funds placed under military control. He insists funds must go to a legally constituted highway board, while Jud P. Wilhoit seeks release of the allotment in Washington. Barnett remains claimed chairman as Governor Talmadge keeps the department under military rule.
South Carolina and Florida: generally fair tonight and Tuesday. Georgia: generally fair tonight and Tuesday with local thunderstorms possible in the north on Tuesday afternoon. Alabama: partly cloudy tonight and Tuesday with possible thunderstorms in the southern portion. Northwest Florida: partly cloudy tonight and Tuesday with local thunder showers toward the coast.
The Associated Press reports wets and drys rally for a heavy turnout in California and West Virginia as states prepare to decide on repeal. F Scott McBride of the Anti Saloon League says drys can win remaining states with strong turnout, while Joett Shouse cautions against overpromising gains. Indiana's delegates meet to declare the state's repeal stance, with 246 for and 83 against. Massachusetts also expected to ratify today.
Washington June 26 The recovery administrator Hugh S Johnson urges a national campaign to back codes of fair competition and deter price hikes. He says key industries delay seeking textile agreement while warning labor and industry against panicky moves. Today 46 business leaders meet Secretary Roper to discuss stabilizing industry as cotton textile code hearings loom.
Ernest Butter of New Orleans and Dickie Dunlap of Paris Tennessee won the junior doubles crown at the Southern tennis meet in Atlanta. They defeated George Boynton of Atlanta and Ramsey Potts of Memphis 6 4 6 1 4 6 4 6 6 1 in a five set match yesterday.
Washington predicts farmers will accept substantial acreage reductions in a weeklong cotton campaign with two plans offering cash payments or option benefits. A parallel wheat drive targets July 1 with educational emphasis and contracts to be issued in August for 1934 and 1935 reductions.
In Atlanta on June 26 Governor Talmadge presided over a public hearing where the Georgia Federation of Labor accused the Georgia Public Service Commission of neglect of duty incompetence and inefficiency. The governor and Adjutant General Lindley Camps attended as guards maintained military presence at the capitol. The commission denied the charges as a group and individually with Chairman James A. Perry leading the response. The hearing proceeded with evidence and continued after lunch. Officials named include Perry Knight McDonald Woodruff and Felton. 126 telephone 30 gas electric others are listed as regulated utilities. v 0626 1940s context
Nashville Tenn June 26 Bishop Thomas F Gailor of Memphis and former head of the Episcopal Church says he favors repeal of the 18th Amendment. He cites four reasons including states rights and backlash against crime and bootlegging. The statement supports Tennessee’s forthcoming July 20 election on repeal.
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