Textile Industry Plans Higher Wages for Unskilled Workers
The cotton textile industry moved to raise the minimum weekly wage to 12 dollars in the south and 13 dollars in the north, with a 40 hour work week proposed. The agreement, discussed with Hugh Johnson, aims to replace the prior 10 and 11 dollar levels and awaits hearings resumption.
MENTIONED IN THIS ARTICLE
Washington
South
North
Hugh
Johnson
George A. Sloan
Manufacturers Committee
Sloan
Nelson Slater
Massachusetts
W. L. Allen
Textile mills near agreement on new minimum wage
Washington reports an accord among cotton manufacturers after a four hour conference on a proposed minimum wage for textile workers. The figure was not released but cited as about 12 dollars in the south and 13 dollars in the north, with labor seeking higher protections.
MENTIONED IN THIS ARTICLE
Washington
Hugh S. Johnson
National Recovery Act
Southern Mills
Northern Mills
George A. Sloan
Manufacturers Committee
General Johnson
Washington Cotton Magnates Split Over Labor Wage Concessions
Washington June 30 magnates of the cotton industry remain sharply divided on offering labor concessions for higher wages and shorter hours than those in the code. Continued on page four.
MENTIONED IN THIS ARTICLE
Washington
South States Slash Small Government Costs Amid Budget Scramble
The economy hatchet trims minor state expenses across Georgia to Tennessee. Governors push thrift, eliminating offices and cutting payrolls while department heads face stricter controls. Florida requires prior approval for travel and desk-leave disclosures. Virginia imposes multiple 10 percent salary cuts. Arkansas ends janitor service temporarily. Mississippi and North Carolina tout mansion and personnel cost reductions.
MENTIONED IN THIS ARTICLE
H. V. Brown
Associated Press
Atlanta
Georgia
State House
Talmadges
Arkansas
Arkansas Capitol
Florida
Shultz
Virginia
Louisiana
South Carolina
North Carolina
Capitol
Tennessee
War Memorial
Conner
Mississippi
Uncle Sam Sets Out On New Fiscal Year With Cuts In Government Costs
The USA begins a new fiscal year with payroll reductions in many agencies. Thousands of workers, including long serving staff, face layoffs or pension eligibility as Congress targets a 25 percent cut in federal spending. Notable losses include 330 in the Bureau of Standards, 600 in the Bureau of Internal Revenue, and 1,700 in the Justice Department. Plans also call for tens of thousands in other departments and agencies plus over $30 million in veteran benefits cuts.
MENTIONED IN THIS ARTICLE
Uncle Sam
Washington
Sam
War
War Department
Commerce Department
Bureau of Foreign and Domestic Commerce
Bureau of Standards
Recovery Act Powers Given to Sec Wallace
The president delegated to Secretary Wallace all powers in the industrial recovery act related to handling of milk tobacco and all foods except labor terms. Johnson and Peek said the move ensures cooperation between the National Recovery Administration and the Agricultural Adjustment Administration. Codes of fair competition will apply across industries with joint formulation for labor provisions and president approval.
MENTIONED IN THIS ARTICLE
Washington
National Recovery Administration
Farm Administration
Roosevelt
Wallace
Hugh S. Johnson
George N. Peek
Johnson
Peek
Agricultural Adjustment Administration
Secretary of Agriculture
Agricultural Adjustment
War Industries Board
Cotton South Sees Potential Crop Dwindle Further
The cotton south reports rapidly shrinking 1933 crop prospects as farmers pledge to plow under hundreds of thousands of acres. Georgia leads with 10,956 farmers agreeing to retire 95,952 acres. Tennessee, Arkansas, Mississippi, Alabama, Texas, and North Carolina also report substantial pledges amid government price-boost plans.
MENTIONED IN THIS ARTICLE
Atlanta
Athens
Georgia
Tennessee
Arkansas
Mississippi
Alabama
Texas
North Carolina
Surgeon Collapses During Delicate Brain Surgery
New York June 30. In Park East Hospital an operation on Arnold Javitz seven, for spinal meningitis, proceeds. Dr Mislig collapses from the anesthetic and dies on the floor while Dr Shifren and Dr Goldblatt continue. The patient is pronounced improving after the risky procedure.
MENTIONED IN THIS ARTICLE
New York
Arnold Javitz
Park East Hospital
Arthur Shifren
Aaron Goldblatt
Michael Mislig
Mr. Goldblatt
Dr. Shifrin
Mr. Misling
Dr. Mislig
Stabilization Deadlock Persists in World Economic Talks
London reports the currency stabilization deadlock remained unbroken after conferences of the gold bloc leaders and British officials. The next move rests with the United States government as Washington is awaited for a reply on preventing erratic dollar fluctuations.
MENTIONED IN THIS ARTICLE
London
World Economic Conference
United States
Washington
Georges Bonnet
France
Raymond Moley
Ramsay MacDonald
Neville Chamberlain
Great Britain
Roosevelt
Parley waits for word to save it from rocks
London reports the world economic conference stalls as American delegates and Raymond Moley weigh a plan to curb dollar volatility while avoiding fixed exchange rates. Washington signals authority to pursue stabilization without tying the dollar to a set level.
MENTIONED IN THIS ARTICLE
Dewitt MacKenzie
London
Raymond Moley
Roosevelt
Moley
U.S. Officials Review Currency Trends as Dollar Stabilization Favored
Washington reports indicate a thorough study of currency developments in London with no current change in Roosevelt era policy. Officials declined to comment on potential shifts to dollar stabilization, while New York Fed signals readiness to curb speculation using existing control measures.
MENTIONED IN THIS ARTICLE
Washington
London
Roosevelt
Eleven Lives Lost in Trinidad Storm Toll Rises
Belated reports from Port of Spain say eleven lives were lost in Tuesday’s storm across southern Trinidad. The disaster left thousands homeless, destroying houses and wrecking oil fields and cocoa plantations in numerous villages.
MENTIONED IN THIS ARTICLE
Spain
Trinidad
Port-of-Spain
Flatiron Building Sold at Auction for 100 000
New York June 30 The Flatiron Building sold today for 100000 after a brief auction lasting one minute with a single bid from the Equitable Life Assurance Society. The sale followed a court foreclosure on a first mortgage of 1238727 and taxes totaling 139000 plus interest.
MENTIONED IN THIS ARTICLE
New York
Equitable Life Assurance Society
United States
Supreme Court
Weather outlook for southern states shows fair to partly cloudy skies
Georgia and Florida expect generally fair conditions tonight and Saturday with local thundershowers. South Carolina has generally fair weather tonight and Saturday with interior thundershowers on Saturday. Alabama and extreme northwest Florida will be partly cloudy tonight and Saturday with local thundershowers.
MENTIONED IN THIS ARTICLE
Werather
Georgia
Florida
South Carolina
Alabama
Balance Sheet Reveals Shrinking Kuhn Loeb Assets in 1932
Washington reports show Kuhn Loeb and Company assets dropping from 67 million to 34 million in 1932 with deposits down to 15.2 million. Otto H. Kahn highlighted nearly 5.47 million in organizing compensation plus 400 thousand from Pennrod tying to a 140 million holding. Senate Pecora notes Pennrod losses exceeding 100 million as details on investments and stock purchases are probed.
MENTIONED IN THIS ARTICLE
Washington
Kuhn, Loeb and Company
Senate
Otto H. Kahn
Kahn
Loeb
Penhroad Corporation
Pennsylvania Ballroad
Ferdinand Pecora
Pecora
Pennroad Corporation
Tropical hurricane nears Jamaica from Trinidad hit
The tropical hurricane that struck southern Trinidad Tuesday night moves northwest toward Jamaica. The Weather Bureau notes it remains intense and small in diameter, about 126 miles south-southeast of Morant Point Jamaica, roughly 600 miles southeast of Key West. Movement is about ten miles per hour with uncertain future track.
MENTIONED IN THIS ARTICLE
Washington
Trinidad
Jamaca
Weather Bureau
Morant Po
Jamacia
Key West
Florida
Veterans condemn adoption of National Economy Act in protest
The disabled American veterans of the World War convention at Cincinnati rescinded a demand to remove General Frank T. Hines and adopted a resolution criticizing those responsible for enacting the administrations National Economy Act.
MENTIONED IN THIS ARTICLE
Cincinnati
Frank T. Hines
Veteran's Bureau
Disabled American Veterans of the World War Convention
Southeast business shows gains in June report
The Federal Reserve Bank of Atlanta reports steady upturn in the sixth district with department store sales up 12.8 percent from April, wholesale trade 14.6 percent higher, and building permits 87 percent above last month across 20 cities. Cotton mills show gains in May production and payrolls while agricultural prices rise to 62 percent of pre war levels.
MENTIONED IN THIS ARTICLE
Atlanta
Federal Reserve District
Federal Reserve Bank of Atlanta
Southern Pine Association
Alabama
Perry Charged With Aiding Power Company
Governor Talmadge heard testimony that James A. Perry head of the Georgia Public Service Commission helped Georgia Power Company in opposing a small utility’s Macon power contract. Albert Adams, a Macon insurer, described Perry’s remarks urging limits on a rival’s capacity and warning of confiscation if he could not serve every customer.
MENTIONED IN THIS ARTICLE
Atlanta
James A. Perry
Georgia Public Service Commission
Georgia Power Company
Macon
Talmadge
Albert Adams
Adams
Ocmulgee
Perry
Georgia
Macon Telegraph
Commission
C. W. Brega
Georgia Motor Lines
A. C. Shipman
Garden City Coach Lines
W. F. Arrington
Price
Mees
Yeomans Seeks Injunction Suit Dismissal At Hearing
Experts clash as Governor Talmadge's ouster probe into the Georgia Public Service Commission unfolds. E M Price questions Curtis Mees on stock issuance and retirement while Florida Governor Dave Shultz attends. Federal hearing considers 1931 reorganization and attorney general powers amid martial law context.
MENTIONED IN THIS ARTICLE
Atlanta
Georgia Public Service Commission
E. M. Price
Commission
Curtis Mees
Columbia
S. C
Georgia Federation of Labor
Price
Mees
Georgia Power Company
Dave Shultz
Florida
Talmadge
Samuel H. Sibley
District Court of Appeals
Yeomans
Sibly
Jud P. Wilhoit
Highway Department
State Public Service Commission
Capitol
Lindsey Camp
Reuben Arnold
J. W. Barnett
W. C. Vereen
Highway Board
Barnett
Vereen
Wilhurt
Arnold
J. T. Colson
Brunswick
Georgia
Government Owned Loan Corporation Feature Home Mortgage Relief Law
Washington June 30 The Home Owners Loan Corporation aims to operate by August with a 200 million dollar fund to aid homeowners with mortgages not exceeding 80 percent of current value. It may issue up to two billion in bonds, offers 18 year bonds at four percent with federal interest guarantees, and can lend up to 40 percent of property value at six percent for 15 years. The program includes tax and repair advances through county agents and the creation of federal savings and loan associations, while mortgage holders are urged to avoid foreclosures during setup.
MENTIONED IN THIS ARTICLE
Charles D. Watkins
Washington
Home Owners Loan Corporation
Savings and Loan Associations
Roosevelt
Also Mentioned on This Page
Treasury
Bureau of Internal Revenue
Coast Guard
The
Public Health Service
Industrial Alcohol Bureaus
Interior Department
Department of Justice
Navy
Department of Agriculture
State Department
Post Office
Interstate Commerce Commission
General Accounting Office
Sec
Federal Reserve Bank
U. S
G. Bonnet
Federal Reserve Bank of New York
Thomanville and Vicinity
KUEN
Penmoud Corporation
Pittsburgh and West Virginia
Frank E. Taplin
Taplin
Jamaica
Power Company
Small Utility
Attorney General Claims
K Read
Government Owned Loan Corporation
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