Soviets Shift Gold Reserves to Silver Amid Market Fear
New York June 63 According to cable advices the Soviet government plans to convert its gold reserves, about 250 million dollars, into silver. World silver output is estimated at 100 to 122 million ounces this year. The Pittman order could absorb all U.S. silver production, leaving about 77 million ounces with over 20 million already sent to India and China. The move could trigger a stampede in global silver markets, while U.S. silver purchases and imports shift under treaty terms and demand from jewelry and motion picture sectors rises. A shipment of 198,000 in gold bars from India arrived in New York this week.
MENTIONED IN THIS ARTICLE
New York
Pittman
China
U S. A
Germany
Europe
U.S. A
Foreign Relations Committee
U.S. Senate
India
Aes! Corporation
Explosion Kills Flagstaff Man in Hidden Blast
Phoenix dispatch reports Civil Engineer Billy Powers killed when a furnace heated stove exploded at his Flagstaff home during dinner. Mrs Powers and their daughter injured. Powers’ father rose from table and moved toward a window as the blast occurred. Authorities link the explosion to suspected TNT planted by a northern faction, but the case remains unresolved.
MENTIONED IN THIS ARTICLE
Phoenix
Asistant
George H. Harbin
Flagstaff
Coconino County
Harbin
Billy Powers
Powood
Harben
LW. W
Cattle Movement Shifts to Better Pastures in May
A May Federal Reserve report notes heavy cattle movements from winter ranges to richer grazing areas in Texas and California as farmers finish cattle for market. It cites drought g affecting stock from Arizona and New Mexico and says receipts in April and early May were unusually low, with hog supplies down 59 percent from March and livestock prices at decade lows amid a slow spring run in the Southwest.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of the Southwest Territory
Arizona
New Mexico
Texas
California
Kansas
Fort Worth
Kansas City
West Texas
Designate Cities on Bankhead Route Pacific division listed
Route for the Bankhead highway Pacific division from El Paso to San Diego was designated by J G Keating vice president for Arizona. Cities named include Mesilla Park Deming Lordsburg Rodeo Tucson Florence Chandler Mesa Tempe Phoenix Hassarampa river to Yuma Campo San Diego via Alpine and El Cajon. Buyers hammering beet steers net $1.00 drop monthly. lamb prices reach top $15.25 and spring lambs $5.00 to $8.50 amid a weak sheep market.
MENTIONED IN THIS ARTICLE
Birmingham
J. G. Keating
Association
Arizona
el Paso
San Diego
Paso
Mesilla Park
N. M
Deming
Alden
Myndas
Lordsburg
Continental Divide
Wilma
Rodeo
Southern Pacific Railroad
Animas Valley
Steins Pass
Granite Gap
Douglas
Bisbee
Tombstone
Benson
Holtville
Campo Vila Coyote Welle
Mountain Springs
Alpine
el Cajon
Cochise Valleys Offer Possibilities for Irrigation
The 1919 legislature funded investigations into Cochise county water and irrigation, focusing on three valleys. Studies cover rainfall runoff, artesian wells, diversions, and reservoir sites, with gaging stations on San Simon creek and at canyon mouths. A state U S Geological Survey partnership aims to publish San Pedro valley geology and water resources.
MENTIONED IN THIS ARTICLE
Cochise Valleys
Arima
Cochise County
San Simon
He County
Mountain
San Simon Creek
Cienega
Cave
East Turkey
Wood
Round Valley
Turkey Creeks
Bowie
San
Portal
United States Geological Survey
San Pedro Valley
Hereford
Fairbank
Charleston
Inter- Simon
Fear Bandit Has Killed 2 Deputies
Fear spreads as Deputy Sheriff Alva Gray and Roland Jones are reported ambushed and killed by fugitive convict E. Burnett near Globe. Officers arrived from the wire corral on El Capitan road seeking Burnett who may have fled toward his cave near Bobtail mountain. Fire Guard Bob Woons reported three shots heard near Pettail, heightening alarming fears as pursuit continues.
MENTIONED IN THIS ARTICLE
Globe
Alva Gray
Roland Jones
Burnett
Marion Teague
John Bo Wight
Wid Childrens
Joe Kerrick
Wire
el Capitan Road
Bobtall Min
Gray and Jones
Haunted Canyon
Bobtall
Red
Gray
Jones
Wight
Mears
Bob Woons
Sas
Six Escape Serious Injury In Car Crash Near Bisbee
A party including Mr and Mrs John McDonald Mrs Charles Wise and two women narrowly escaped serious injuries when a Ford driven by McDonald overturned on the Douglas road near Lowell at about 9:45 PM. Mrs Wise and Mrs Richie were taken to Copper Queen hospital, later released with minor injuries. Mrs Richie's shoulder was bruised. The crash occurred on cracked sunken concrete pavement after a front wheel hit a sunken spot, sending the car over a culvert and into a bank. Deputy Sheriff Verne LaMore witnessed the crash and assisted. In Phoenix, H D McVey, manager Mountain States Telephone, asked the state tax commission for a per mile reduction in assessment, presenting data on taxes paid across operating states as the company seeks rate changes.
MENTIONED IN THIS ARTICLE
Bisbee
John McDonald
Charles Wise
Small
Bertha Richie
McDonald
Douglas Road
Lowell
Mra Wise
Richie
Copper Queen Hospital
Verne LaMore
Wise
Douglas
LaMore
H. D. McVey
Mountain Ssates Telephone Company
State Tax Commission
McVey
Mater Cnder
No Action Soon On Big Power Project Plan
No action will be taken on Southern California Edison Co.'s permits to develop a two and a half million horsepower hydroelectric project by impounding the Colorado river at Glen Canyon and Diamond Creek. Water commissioner Norviel said filings would remain dormant until the Colorado River Commission is organized, with federal involvement pending. Governor Campbell expects congressional action to allow the commission to operate by November, enabling states to outline their needs and water use.
MENTIONED IN THIS ARTICLE
Phoenix
WS. Norviel
Southern California Edison Co
Colorado River
Glen Canyon
Diamond Creek
Colorado River Commission
Southern California Edison Company
James Bo Gtrand
Gillespie
Girand
Norviel
Federal Power
Colorado
Campbell
Washington
Arizona
Referendum on Arizona reclamation bill faces opposition
Petitioners struggle to gather names as miners and irrigation groups debate House Bill 3 and a constitutional amendment. Backers say it spurs development, lowers per capita taxes, and broadens population growth, while mining interests back the referendum to block the measure seen as crucial for state reclamation and economic diversification. The measure would go to voters on November 5.
MENTIONED IN THIS ARTICLE
Phoenix
Enemies of Reclamation
Arizona
Nevada
Engineera
Woman Charged With Raising Three Bills In Tempe
Guadalupe Guadarama was held to the federal grand jury by United States Commissioner Henke in Phoenix. Committed to county jail on $2000 bond after arrest in Tempe by Marshal Smith. Accused of passing altered $2 and $20 bills and a $1 to $10, with May 2 and May 25 purchases alleged. Neighbor verified bill alterations. case presented by Sing Lee.
MENTIONED IN THIS ARTICLE
Phoenix
Tune
Guadalupe Guadarama
United States
Henke
Tempe
Marshal Smith Anm
Sink Kee
Sing Lee
Crimaman
Ace
Tole
Also Mentioned on This Page
Beok of America
Bankhead
Cochise
St. David
Rock Gorge
Rock Island
Rucker
West Turkey
Rock Creeks
Post Creek
Benng Si
Douxlac
Fear Bandit
Osery
Carrs
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