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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
May 13, 1933
Page
8
Chicago May 12 prices for agriculture exports surged as inflation and farm relief became law. Hides flour wheat corn and silver led gains with dollar wheat near 79 cents while oil lagged on oversupply and copper touched the year’s high.
Washington May 12 The Roosevelt administration prepares a broad public works program with a $3.3 billion bond issue and anti trust relaxations to stabilize industry and create jobs. Taxes to cover annual interest and amortization total about $220 million. A special committee under Roosevelt aims to finalize details tomorrow.
W Douglas insists additional taxes must be levied to underwrite the bond issue. A delegation from the national association of manufacturers will view tomorrow morning the epochal plan for stabilizing production hours and wages through industry trade associations in all its complexities.
The 19th annual Virginia High School Literary and Athletic League track contest is set for today at the University. A total of 279 entries from Class A 174 boys Class B 42 and Class C 63 compete amid stricter qualifying rules. John Marshall Richmond Hamp ton Abbemarle lead defending champions and finals follow a 9 30 a m start before a dual meet between university and Navy varsity teams.
Herbert Hoover emphasizes national duty to provide daily care and instruction for children. He warns against delaying child welfare while other problems persist, framing education and child welfare as urgent priorities for the nation.
The article reports on a worldwide effort to restore global trade. Nations including the United States Great Britain Germany France Italy Belgium Norway and Japan back a conference plan. Berlin's Hitler calls Reichstag May 17 to discuss disarmament amid tense warnings from London Paris and Washington.
Continued from page one, three bids regarding light and power here outline installation of diesel engines on a lease purchase basis. Monthly payments are to be made from savings achieved over a definite period, at which point the distribution system and all equipment become the city's property.
The national milk strike was called off by promoters after the President urged leniency on farm debtors. Wisconsin's Walter Singer said the strike is on, while Reno noted dairy leaders would set their own policy. States varied in response with creameries ordered shut in Wisconsin and relief provisions planned for sick children.
President Roosevelt signed the farm relief bill paving the way for a vast mortgage financing program with 2 billion dollars. Secretary Wallace announced immediate action to halt foreclosures and implement relief for prices, production, and dairy distress in Chicago. George N. Peek was named chief administrator with Chester Davis in an important role and Jerome Frank slated as chief counsel as commodity councils prepare launches.
The undersigned will sell at auction in front of Court House Winchester Va at 12 o clock on Saturday May 20 1933 thirty shares of six percent preferred Potomac Edison Co stock and ten shares of Union Bank stock. Terms cash. M M Lynch Executor of John H Myers dec d Duvall Dunn Auctions.
The Akron report shows B F Goodrich production up 200 percent in March with 24 hour operations returning and 600 workers rehired in 30 days. Fisk Rubber hires 1,000 in Chicopee. Goodrich plants in Cartersville Rockmart Cedartown plan 2,000 more. Department stores rise seasonally but April still trails 1932.
Road company posts last month deficit of 87021 versus 212038 in April 1932. Reports from Dallas Briggs Weaver resume six day week with 20 percent above last week. Burlington mills raise pay five percent for 4000 workers in line with Roosevelt program. Dun and Bradstreet notes upswing though seasonal expansion underway. United Airlines carries 6345 passengers in April up 1404 from March and transports 233637 pounds of express up 3000.
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