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About The Plattsmouth journal. (Plattsmouth, Nebraska) 1901-current | View Entire Issue (March 27, 1930)
PLATTSMOTJTn SEMI - WEEKLY " JOURNAL THURSDAY, MARCH 27, .1930. PAGE TWO Employment Remains at Sta tionary Basis Increase in Industrial Production. With Wholesale Commodity Prices Downward. Washington Little change from the low point in employment reached in January was reflected for Febru ary in the federal reserve board's summary of business and financial conditions made public Sunday in its monthly bulletin. The board said that industrial production increased, employment remained stationary, and wholesale commodity prices and money rates continued to decline. Credit extended by member banks was further reduced in February, but increased in the first two weeks of !March. "The volume of factory employ ment, which had reached a low point for January, showed little change in February, when an increase usu ally occurs," the report said. "Fac tory payrolls Increased during the month, but a smaller amount than is usual at this season. In the steel, automobile, agricultural, implement, and tobacco industries, employment increased during the four-week per iod, while further decreases occurred in the cotton and wool textile, lum ber, automobile tire, electrical ma chinery and machine tool industries." Wholesale Prices Lower. The summary said that the bureau of labor statistics index showed whole prices during February at 92.1 per cent of the 1926 average the lowest point sin January. 1922. "Marked declines occurred during the month in the prices of many agri cultural products." continued the summary, listing "grains, hides, raw wool and cotton"; certain imported raw materials, notably sugar and silk; and in textiles, petroleum and pig iron. "During the first part of March a number of these commodities declin ed still further in price," the sum mary said. "Wheat and cotton prices were considerably lower, and silver reached the lowest point on record. By the middle of the month, however, prices of cotton, hides and silver had recovered somewhat." Production increased about 2 per cent in February, the summary said, the increase reflecting chiefly a sub stantial gain in output of iron and steel. Automobile production was larger in volume than during Janu ary, the summary said, but was 30 per cent smaller than that of a year ago. Cotton and wool consumption by, njills. was given as substantially' low-: er, and production of bituminous coal and copper "also decreased." ' The output of steel mills during the first two weeks of March declined in comparison with February, the bulletin said, "contrary to the usual seasonal movement." Bituminous coal output also was smaller, it added. No Change in Building. Building contracts were about the same in volume as in the preceding month, the summary said, adding: "Residential building continued at an exceptionally low level, while con tracts for public works and utilities were large in comparison with the corresponding month in other recent years. Awards in the first two weeks of March were larger than in the first half of February." Liquidation of credit at member banks continued thru February, the summary said, "and on Feb. 26 total loans and investments of member banks in leading cities were in about the same volume as in the early sum mer of last year. During the follow ing two weeks, however, there was an increase of $230,000,000 in loans and investments, chiefly in loans and securities. All other loans, largely for commercial purposes, increased slightly. "From the middle of February to the middle of March, the volume of reserve bank credit outstanding de creased further by $90,000,000," the summary added. "This decline re flected chiefly an increase in gold stock of $75,000,000 and a further decline of money in circulation, off set in part by some increase in mem ber bank reserve balances. Member bank indebtedness at the reserve banks declined to $267,000,000, the lowest level since early in 1925; re serve bank holding on bills declined, while those of United States secur ities increased. "Money rates in the open market eased further and bond yields de clined .to the lowest levels since 1928." State Journal. ATTACKS KEEPER, ESCAPES Morristown, N. J. - Alphonee Mieri, arrested at Blair' academy, where he was a student, on charges of Murder and robbery, escaped Sun day night from the Morris county jail after knocking the night keeper unconscious with a club. The youth, who is nineteen called the night keeper, Arthur C. Fairlamb, to his cell, hit him with the club he had concealed and with the keeper's keys unlocked his wayto freedom. Mieri was indicted Wednesday by the New York county grand jury on charges of murder and robbery. He is alleged to have been one of four young gunmen who on Jan. 26, last, held up a cigar store in New York, during which an unidentified negro was shot and killed. Alarm of Mien's escape was given by the keeper when he recovered consciousness a half hour after the escape, and every available state trooper began scouring the country side for him. Industrial Out put is Reported on Increase Decline Noted in Wholesales Com modity Prices and Money Rates Work Holding Up WnciiinPtnn n C... March 23 from the low noint in employment reached in January was reflected for February in the federal reserve board s snmmary oi ousine and financial conditions made public- today in its monthly bulletin. The board said that industrial pro duction increased, employment re mained stationary, ana wnoiesaie onmmnflitv nrirps and money rates continue to decline. Credit extend ed by - member banks was further rHnrod in Februarv. but increased in the first two weeks of March. ."The volume of factory employ ment, which had reached a low point for January, showed little change in vahruarv when an increase usually occurs,"" the report said. "Factory payrolls increased during me monin, but a smaller amount than is us ual at this season. Auto Employment Up. "In the steel." automobile, agricul tural implement and tobacco indus tries, emnlovment increased during the four-week period, while further decreases occurred in the cotton and wool textile, lumber, automobile tire, electrical machinery and machine tool industries." The summary said that the bu reau of labor statistics index showed wholesale prices during February at 92.1 per cent ot the 1926 average the lowest point . since January, -"Marked declines occurred .during the month in the prices of many agricultural products." continued the summary, listing "grains, hides, raw materials, notably sugar and silk, and in textiles, petroleum and pig iron. Steel Output Cut. Thp oiitrmt of steel mills during thf first two weeks of March declin ed in comparison with February, the bulletin said, "contrary to the usual seasonal movement. Bituminous c6al output also was smaller, it added. nnildintr contracts were about the same in volume as in the preceding month, the summary said, aamng: "Residential building continued at an exceptionally low level while con tracts for public works and utilities were large in comparison with the corresponding month in other recent years." World-Herald. Aa Another was that the British planned to make an important state ment at 9 o'cloclt tnis evening, uui th hnur naased and the British press conference resulted in nothing. - From Paris came reports or resent ment against the British press, which was accused of carrying on a cam paign to place on French shoulders the responsibility for the "failure" of the conference. wona-xieraiu. EX-WEST POINTER HELD F02 ROBBERY fTifnrn March 22. James Walk er, captured Friday in an attempt to hold up the First National bank of RJverside, revealed himself today as hp son of a prosperous grocer of Chester, S. C, and for two years a cadet at West Point. MAY REDUCE NUMBER OF GREEK HOLIDAYS Athens. March 22. Aommittee appointed by the Greek government to study the reasons for the relatively small output of Greek workmen re commends that the government cut down the number of national holi days as a remedy. Legal Blanks of all kinds for sale at the Journal office. MAE WEST PLAY TRIAL ENLIVENED New York, March 24. -The song and dance act of the state against Mae West and her pleasure men was enlivened somewhat Monday by the appearance in court Monday of one o fthe missing 47 codefendants, Alan Brooks, who ployed the part of Pleas ure Man himself, and who arrived from the road tour of Fritzl Scheff in "Mile, Modiste." Mr. Brooks appeared in Judge Bcrtini's courtroom just in time to hear the dismissal of one count of the triple indictment that of main taining a public nuisance. The re maining two counts are staging and authoring an "improper, indecent, immoral and obscene" play. LAMONT'S SON SUED . IN $25,000 ACTION Denver, Colo., March 25. Robert P. Lamont, jr., son of the secretary of commerce, was made defendant in a 25 thousand dollar damage suit filed in district court here today. Jewel A. Ball, the plaintiff, claims the damages for injuries 6he incur red when struck by Lamont's car here recently. ' Young Lamont lives on a large ranch near Larkspur, Colo. TRIBUTE TO DEAD AIRMEN Seattle, March 23. Seattle paid final tribute Sunday to the memor ies of Ben Eielson and Earl Borland, aviators, .who went to their death In an airplane crash near North Cape, Siberia, last November. The bodies were recovered after months of searching and brought to Seattle by plane, train and ship, the steam ship Alaska bringing them here from Seward, Alaska. The Alaska arrived Saturday night many hours overdue, having been buffeted by headwinds continually on the trip south. As a result of the delay, funeral services originally planned for Saturday were postponed until Sunday. Hundreds of Seattle residents waited patiently at the dock for the Alaska to arrive Saturday night and stood reverently by as the bodies were escorted through their ranks to the mortuary. With the Alaska docked, Mr. and Mrs. W. E. Borland, parents of Earl Borland, and Miss Adeline Eielson, sister of the flier, went aboard to meet relatives who had accompanied the bodies' to the states from Fair banks, Alaska. Ole Eielson, father of the pilot, returned with the body of his son. Mrs. Earl Borland, with her two small sons, also came south. HOUSE PASSES BUS , BILL Washington The first act by con gress to place interstate motor bus traffic under government regulation came Monday with passage by- the house of the Parker bill to .give the interstate" commerce commission jur isdiction over the motor carriers. The final vote was 215 to 118, after a mo tion to rend the measure back to the Interstate commerce committee for amendment was rejected by fS to 104. It now goes to the senato. In addition to regulatory powers over rates and schedules, the federal commission, with . the aid of joint boards composed of representatives of states involved, would be required to pass on applications for certificates of necessity and public convenience, which the bus lines would be called up to secure. The bus operators also would be compelled to carry surety bonds for the protection of the trav eling public. BULLITT GETS DIVORCE , I Read the Journal Want Ads. Philadelphia A divorce -was granted Monday by the court of com mon pleas to William C. Bullitt, au thor and diplomatic agent during the World war. He filed suit "Dec. 4, charging his wife Mrs. Anne Moen Louis Bryant Reed Bullitt, with "per sonal indignities." .EXPLOSION ON CRUISES . r.Dnevii The dinlomatic 'confer ence called by the League of Na tions to consider proposals lor an International tariff truce adjourned unnHav rMtrht after adopting a two fold scheme that falls considerably short of the original objective, one part of the scheme agreed upon was a convention embodying engagements to undertake a limited program of economic 'co-operation tor tne con solidation of customs -duties. Repre sentatives of elev ncountries signed this Monday night. .i .i ..-o o i nrntnnnl A 11C DCI.UI1U J ' 4 . ' x- providing 'for further negotiations among ine coumnns, incimnus . paratory study.of the economic need3 of each state and the inter-relation fifteen states signed, this, TR0BAUGH FILES 2ND -APPEAL Lincoln, March 24. Sidney A. Trdbaugh. twice convicted iYr Adams county for the murder of his wife, Sarina, appealed, again . to the su preme court Monda'. from .the latest judgment., , , The jury found that he" shot his wife with a revolver on Nov. 13, 192S) and pronounced him guilty of second degree murder. The- jurge sentenced him to 25 years. Premier Turns to Three-Power Navy Agreement Hopes for a Limited Five-Nation Pact Based on Tripar tita Accord. PRESIDING BISHOP TO NAME Chicago The third presiding bis hop to serve within a year will be elected here Wednesday at a special session of the house of bishops of the Episcopal church in the United States. The convocation will be the t-econd within the last four months for the purpose of selecting the eccle siastical head and president of the national executive council of the church. Among thoe discussed as likely candidates for the office are the ltight Rev. Hugh Latimer Burleson, bishop of South Dakota and assistant to the presiding bishop for the last live years; the Rt. Rev. James E. Freeman, bishop of Washington, D. C the Rt. Rv. Ernest M. Stires, bishop of Long Island, and the Rt. Rev James De Wolfe Perry, bishop of Rhode island. Church officials be lieve the dean of the house of bis hoos the Rt. Rev. William A. Leo nard bisbop of O'jIo and acting pri ,,vife' will decline the nomination be cause of his advanced age. . London," March 23. Prime Min ister Ramsay MacDonald came back from a week-end at Chequers tonight to search the somnolent naval con ference headquarters for the material with which to build a fi-epower naval pact of limited scope but resting on a tri-partite agreemnt among the Americans. British and Japanese. He will begin the preliminary phases of this work tomorrow. When the Japanese have received word from Tokio about the tentative Japanese American arrangements, the fate of the treaty envisioned will be settled, and if the word is favorable, it can be rushed to completion within two weeks. Throughout the day Mrr MacDon ald waited at Chequers, as he had waited yesterday, for word from eith er the French or the tlalian delega tions of some new development that would enable them at least to get to gether again at the conference table. Italy's demand for parity and France's resolute refusal to accept it with her still forms the chief barrier to" the progress of negotiations. The only statement of the Brit ish spokesman tonight was that the conference continued in full confi dence that the French delegation soon would return. The British and the Americans will meet tomorrow morn ing. - With no real developments in con ference activities, rumors took the place of news today. One was , that Secretary of State Henry L. Stimson had had a two-and-a-half hour conference with Mr. MacDonald. today, but this vanished when it was learned tha Mr- Stim son had remained, at Stanmore all Mm PMlair Rayon Marquisette - " 4 Yards for $1 A lovely qnality of high grade Rayon , Marquisette. Slightly imperfect in weave. Ecrn color. 4 yds. for $1. Tabie Damask All linen, 63 inches wide. Pure white linen, per yard 1 1 Sewing Thread " 36c per Doz. Genuine Coats' White, black or col ored mercerized. Price :ocd only with $2 purchase. Limit 1 doz. to person. SUIT CASES 24-inch. Black or brewn. $ 1 Metal corners and ends. Each JL RuSfted Curtain Sets 2 Pair for $1 Exceedingly attractive White and Cream, novelty trimmed. Former val ues to $1 each. Two pair for $1. NELLY DON and Other Attractive DRESSES Sizes to 44. Former values $ 1 to $1.95. While they last I KOTEX-3 pkgs ... $1 Rayon Combinations $1 per Suit Jnao i Brassiere top, knit cuff, an excellent fitting garment unusually low priced. Sizes from 32 to 38. $1 per snit. Misses White Muslin BLOOMERS Elastic ,tcp, full cut, regular 49c quality. Sizes to 10. $1 THREE pair for A GIRDLES Brassiere Combinations Corsets Assorted sizes. All excep tional values. Each 1 Chiffon and Semi-Service Wt. SILK HOSE Values up to $1.49 per pair,' now, pair. . 1 Men's Fancy Ties 2 for $1 New Spring patterns in Four-in-Hand ties. Rayon and Silk. 2 for $1 Men's Hew Spring Dress Caps New, classy patterns. $ 1 See these fine new caps, at Men's Dress Sox 5 Pair for $1 New patterns in fancy Rayon Socks. Long wearing. Five pairs for $1. Men's Work Sox . $1 Dozen TTNCIE SAM, Brown mixed. A two for 25c value. Ex. special, $1 dozen. Seamless Sheets, 81x90. . .$1 6 yds. 27-in. White Outing. $1 7 yds. Wh. Lingerie Crepe. $1 1 doz. fine Lawn Hdkchf.. .$1 7 yds. Unb. Linen Crash. .$1 6 yds. fast color Print Percales FridayMarch iatiir AT Khaki Work Pants ' Men's Sizes, $1 Pair ' Full cut, wide bottom cuff. Extra well made. Unusual value at $1 pair. New Underwear Men's fancy Shorts and Knit. Shirts. Fast color materials. Price, per suit 1 Men's Solid Leather Outing Bal work Shoes 1.93 Boys9 Canvas Shoes $1 per Pair Good sturdy canvas uppers and extra heavy rubber sole. Sizes 11 to 2. New Spring Silks! N Georgette Crepes Shantungs Tub Silks Rayon Crepes Crepe de Chines An Unusual Pre-Easter Opportunity , Price Per Yard Summer Prints in Attractive Cottons PIQUES PETER PAN DIMITY VOILES tmOADCLOTH All Fast to Laundering , 3 Yards or $K1 00