Senate and House Standoff Over Veterans Pay
Washington reports a new House move to break the stalemate on veterans benefits and federal pay restoration as Senate conferees again reject House liberal provisions. Woodrum will push to maintain the House approved 83 million boost and 126 million pay restoration against Senate 118 and 189 million proposals, with Roosevelt signaling opposition to exceeding budget estimates. Connery indicates possible move to concur in Senate amendments, while both sides plan no debate.
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Home Owners Loan Bonds and Baltimore Wheat Prices
The report notes Home Owners Loan 4s with price details including 11,000 and 98 3-8. In Baltimore wheat markets No 2 red winter spot trading around 94 1-8 with March futures at 94 1-8.
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