Washington News Roundup on Policy and Markets
President Coolidge shows interest in shipping policy and merchant marine plans. Comptroller Dawes reports national bank resources totaling 21.5 trillion dollars as of June 30. July food costs rose 2 percent from June with a 4 percent yearly advance. Hardings death prompts nearly a million condolence messages. clerical staff acknowledge each. July exports minus imports yield a favorable balance of 26 million dollars, first since February. Bergdoll telegram deemed bogus. Washington treaties on Pacific and naval accords ratified and in effect. East Chicago banker William Williams dies of apoplexy in his bath. Actress Marie Wainwright dies in Scranton. Mrs Grace Neal, Chicago grace sister, dies in Santa Barbara. Ex-banker Enoch Smith found dead with pistol in Pasadena. Paul Gaynor, Toledo leader, dies after illness.
Safety education to be added to school courses nationwide
Atlantic City announced by Marcus Dow of the National Safety Council that domestic accident prevention becomes a regular topic in courses for two million schoolchildren this fall. The move follows a spate of tragedies including a Mississippi River launch sinking near South St. Paul and the Ku Klux Klan initiation in Minnesota.
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Atlantic City
N. J
Marcus Dow
National Safety Council
Siik
Mississippi River
South St. Paul, Minn
Reds to Subsidize Foreign Newspapers
Washington reports that Russia plans to fund propaganda abroad with 5 million rubles, about 2.5 million dollars, elevating 256 foreign papers including four in the United States. Officials say the document urges buying the press and aiding pacifist moves to spread communism, incite strikes, and train workers troops.
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Ashington
Russia
United States
H. M. Whitney
Washington
American Defense Society
Communist Internationale
Whitney
Third Internationale
Lunacharsky
Bolshevist
Tchitcherin
Recommendations on restricting grain futures trading by FTC report
A federal trade commission report urges Chicago Board of Trade measures to curb speculation and ensure price transparency. It calls for daily volume disclosures by grain option and open trades, bans on broker and insider speculation, impartial rulings on delivery and settlement, and allowing futures delivery at other markets with safeguards. It also favors storage capacity backed by negotiable receipts to aid farmers in financing crops.
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Chicago Board of Trade
Board of Directors
Chicago
Commission
Prehistoric Mimbres Pottery Highlights in Smithsonian Publication
Dr J Walter Fewkes of the Smithsonian profiles Mimbres Valley pottery from New Mexico noting naturalistic human and animal figures, geometric designs, and mortuary bowls. He links regional origins to broader Pueblo traditions and describes inside painted colors, common deities of food animals, and burial usage with bowls found near skeletons.
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Mimbres Valley
New Mexico
North America
J. Walter Fewkes
Bureau of American Ethnology
Smithsonian Institution
Die
Pewkes
Real
Tte
Inated
Mexico
Fewken
Ava
Growth of Local Indebtedness Prompts Taxation Debate
A national industrial conference board study warns public spending now outpaces tax receipts as governments rely on credit. It cites Arizona indebtedness rising from 10 million to 43 million between 1912 1919 and 1921 1922 and California state debt increasing from 10 million to 76 million with county debt up from 12 million to 19 million, noting rapid growth in state and local obligations.
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Local Debts Rise Across States and Municipalities
Indebtedness in North Carolina counties and Ohio local subdivisions surged from 23,000,000 to 125,000,000 and 250,000,000 respectively. Bond sales nationwide in 1932-33 reached 1,102,000,000, with long term securities rising by about 6,000,000,000 since 1912-13 and short term by 3,000,000,000. Some issuers used bonds to cover current expenses, boosting valuations and violating debt limits.
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