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July 26, 1933 - Image 4

Resource type:
Michigan Daily, 1933-07-26

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Farmers Plan
To Limit Daily
Price Changes
Tentatively Agree To Limit
Fluctuations In Grain
Prices Permanently
WASHINGTON, July 25.-(A')-
Farm administrators and represen-
tatives of grain exchanges today
agreed tentatively to limit daily fluc-
tuations in prices on wheat and other
grains to five cents a bushel as a
permanent policy.
The agreement was reached before
the close of a two-day conference at
which four principal changes in grain
marketing practices were approved.
The first, the daily fluctuation
limit at five cents, to obtain final
approval, must be submitted for ac-
tion to the business conduct commit-
tees of the.Chicago Board of Trade
and exchanges at Minneapolis, Kan-
sas City, Duluth and other points
which ordinarily operate along rules
similar to those at Chicago.
The second provision will be the re-
duction of the holdings of futures
of any trader to a maximum volume,
probably from 2,000,000 to 5,000,000
bushels, the exact figure to be deter-
mined later after exchanges have
surveyed the situation.
The third provision calls for in-
creasing margins of traders. In this
instance, the 'exact figure was left
undetermined and probably none will
be fixed. Rules of the exchanges now
re-quire that brokers insist upon "ade-
quate margins" from traders.
Farm administrators took the po-
sition that higher margins should be
employed to prevent a sudden in-
crease in margin requirements and a
depressing. ffect on prices.
Indemnity Removal
The fourth "reform" demanded by
admilistrators and approved by the
exchange representatives will be the
elimination of trading in both week-
ly and daily indemnities. This has al-
ready been suspended by the Chicago
board and other exchanges as a re-
sult of insistence by farm adminis-
trators and -the grain futures admin-
Since last Thursday, limits on daily
fluctuations to 8 cents a bushel on
wheat,.5 cents on corn and 3 cents on
oats have been employed under a
special rule of the exchanges.
Administrators informed Peter B.
Carey, president of the Chicago
Board of Trade, that President
Roosevelt regarded eight cents as too
large a margin of fluctuation.
5,000 More Technicians
Quit Jobs In Hollywood
HOLLYWOOD, Calif., July 25.-
()--Motion picture studios endeav-
ored to maintain the production of
entertainment for American and for-
eign movie patrons today as 5,000
more technicians struck.
Union workers left their jobs,
spokesmen said, because the studios
yesterday hired non-union men to re-
place the 865 sound technicians who
struck Saturday midnight.
Producers attributed the trouble
solely to an argument between two
unions as to which had jurisdiction
over 'sound men.
The sound men's organization an-
nounced studio musicians might
strike later today by virtue of their
trade agreement with the Interna-
tional Alliance of Theatrical Stage
elysThe employes who struck at mid-
night Monday because, said Richard
J. Green, union executive, "the pro-
ducers have violated an agreement1
not to employ non-union help in the

event of a strike," were property men,
operative electricians and special ef-
fects men, laboratory workers and
film cutters, studio projectionists,
cameramen and still-camera men.
Tobacco Chaw Precedes
Toothbrush For Texan
DALLAS, Texas, July 25.-(IP)-J.
W. Wyatt,,,91 years old, came from
Benton, Ky., to visit four generations
of his descendants at the home of
his son, D. B. Wyatt, 65, at Grand
After seeing his latest descendant,
a 5-months-old great-great-grand-
daughter, he left for Kentucky again,1
promising to return when he reached
the age of 100 and go deer hunting.
Never taking off his hat except fora
eating and sleeping, Wyatt puts it on1
the first thing in the morning and3
takes a chew of tobacco before
TOWANDA, Pa., July 25.-R')-
Fred Oler and Walter Gladwin re-
turned from a Susquehanna River
angling expedition with half a fish
each. They said they got a "strike"
simultaneously and found the catch
-not a very large one at that-had
swallowed both hooks.



The News Of The World As Illustrated In Associated Press Pictures

Police and sheriffs' deluties are shown struggling with strikers and sympathizers during disorders
at a Landsdale, Pa., hosiery mill. Tear gas and smoke bombs were brought into use and two men were
shot in the legs during the fighting.

Henry W. "Bunny" A u s t i n
(above), British star, turned back
the American Davis Cup team by
roundly beating Ellsworth Vines
and Wilmer Allison, in the inter-
zone finals at Auteuil, France.

Fred Perry (above), Britain's
first ranking net star, captured
the second singles victory in
straight sets by defeating Wilmer
Allison in the Davis cup inter-zone
Picard Says Recall Of
Comstock Is Ridiculous
SAGINAW, Mich., July 25.-(P)-
Declaring that any movement to re-
-all Gov. Comstock "is destined for
'ailure, as t .s ridiculous," Frank A.
Picard, chairman of the State Liquor
Control Commission, has come vig-
orously to the defense of the State's
chief executive.
He said the recall petitions were
eing circulated by "disgruntled so-
-alled Democrats and a few Repub-
icans who want to say the founda-
tion for success a year, from next
"If anyone can find a single dis-
ionest thing that Gov. Comstock has
done," he said in his statement, "it
is his duty to call the attention of
everyone in this State to that malfea-
sance in office. But even the Legis-
lature, in a hostile mood, upheld him
:n all but two vetoes, and one veto,
the chain store bill, was vetoed by the
Governor only because it jeopardized
the sales tax."l

Seven Cents a Page
PHONE 2-1636
Leave Name and Address
Quick Service'
ice. Phone 2-1988.
WILL-Pay cash for used ladies' bi-
cycle. Write Box 5, Michigan Daily.
new suits and overcoats. Will pay
3, 4, 5 and 8, 9 dollars. Phone Ann
Arbor, 4306 Chicago Buyer. 34c
PERSON who can drive to accom-
pany me to New York Saturday.
Phone Dr. J. W. Conn. University
Hospital. 22
Call 9019. 20
An increase from 2,835,000 to 3,-
538,000 bushels of wheat is estimated
for the 1933 Kentucky crop.


.-: ----

. t ,,4


r Last i v 's~~
Times A lLU~&UIWashed
"The Story Of "LAUGHTER
Temple Drake" IN H ELL
Miriam Hopkins Pat O'Brien


Beauty as well as ability was featured in one of the greatest fields of feminine swimmers and divers ever gathered in the national
A. A. U. championships at Johnes Beach on Long Island recently. Eleanor Holm, who deserted motion pictures to defend her 220-yard back-
stroke crown, is shown at the right. Above is the start of the second heat of the 100-meter free style swim which was won by Lenore Kight
who is at left. Below are the winners of this race. Left to right: Miss Kight, first; Olive Hatch, second; Alice Bridges, third.


1st Explanation
Of Island Made
By Dean Kraus
(Continued from Wage 1)
ing, however, in that, like the other
Put-In-Bay caves, its formation was
more complicated, and that, in addi-
tion, the celestite crystals lining its
walls are most unusual."
The group which will go with Pro-
fessor Gould on tomorrow's excursion
will leave here on chartered buses at
7 .a.,m. for Detroit, where the steamer
Put-In-Bay will be boarded for the
trip through the Detroit- River and
Lake Erie to the island. The steamer
will dock at Put-In-Bay at 12:30
p. m.
Tours under the direction of Pro-
fessor Gould will occupy the after-
noon until the boat leaves on the re-
turn trip at 4:15 p. m. to dock again
in Detroit at 8:15 p. m. The party is
expected to be back in Ann Arbor by
10:50 p. m.
Professor Gould said yesterday that
he will be particularly interested in
the course of tomorrow's trip to ex-
amine a number of distinct glacial.
markings which have been found on
Put-In-Bay Island. He believes they
may be of great geological import-
The excursion tomorrow will be
the second which Professor Gould
has led this summer. The first was
to Niagara Falls July 15 and 16.

Cuba Declares Amnesty
For Political Offenses
HAVANA, July 25.-(t)- A bill
granting amnesty for political of-
fenses since 1927 and described as
a forerunner of a restoration of sus-
pended constitutional guarantees in
Havana province was set for consid-
eration today by the House of rep-
Resentatives after the Senate passed
it, 20 to 4. ,
A message from President Mach-
ado introducing the measure said the
depression and other causes resulted
in the failure of his efforts since his
inauguration in 1925 to promote po-
litical harmony in Cuba. New ten-
dencies toward peace and reason
have now appeared, he asserted, so
he can again ask for amnesty and
the restoration to their civil status
of political prisoners.
Chicago Demands Action
To Stop Police Killings
CHICAGO, July 25.-()-Incensed
by the killing of policemen, officials
demanded action today to prevent.
further losses in the police depart-
Nine policemen have been slain in
line of duty thus far this year, in-
cluding two shot to death last Sat-
urday night by a pair of alleged
hoodlums, and Policeman John G.
Sevick, killed yesterday by a gunman,
John Scheck, in the Criminal Courts

Will Be Held At
(Continued from Page 1)
las Lake during the summer are, in
addition to Professor La Rue.
Alfred H. Stockard, assistant pro-
fessor of zoology; Paul S. Welch,
professor of zoology; John H. Ehlers
and parl D. La Rue, assistant pro-
fessors of botany; and Frank :N.
Blanchard ,and Frank E. Eggleton,
assistant professors of zoology.
Those who come from other insti-
tutions are: Frank C. Gates, profes-
sor of botany in Kansas State Col-
lege; George E. Nichols, professor of
botany and head of the botany de-
partment at Yale University; Her-
bert B. Hungerford, professor of en-
tomology and head of the department
of entomology at the University of
Kansas; William W. Cort, professor
of helminthology and head of the
department of helminthology at the
School of Hygiene and Public Health,
Johns Hopkins University; Charles
W. Creaser, associate professor of
zoology in the College of the City of
Detroit; and Lyell J. Thomas, assist-
ant professor of zoology in the Uni-
versity of Illinois.
Mrs. Jewel B. Stockard, of Ann
Arbor, is dean of women, and Dr.
William M. Brace, University Health
Service physician, is physician to the

Flood Is Expected Here
When Repeal Is Passed
WASHINGTON, July 25.-(;A)-
Foreign powers already are clamoring
to get favorable treatment for their
wines, whiskies and beers in case the
Eighteenth Amendment is repealed.
France and half a dozen other na-
tions have sounded out American of-
ficials in London and Washington on
the possibilities of tariff trades on
alcoholic beverages.
The line up of Tennessee Arkan-
sas and Alabama for prohibition re-
peal,:many diplomats say, has per-
suaded them that the American mar-
ket will be opened to liquor imports
by the end of the year.

Three MAJEST~IC Attend Cool
Days ~J~l%~ Matinees
ttMaedchen in Uif f

Two Perf

ormances Daily
15 -- 8:15

All Seats Rescrv
at 4Oc



su perstition
..you say

-and what an unfounded superstition it is that fingerle's
is expensive. . . maybe fingerle's reputation for distin-
guished foods for fifteen years started it all. 'Have you
noticed how fingerle's prices go arm in arm with down-
ward costs of foods?
all week specials'
fried chicken on toast ............ 35c
ice tea, coffee, milk, home-made pie or ice cream
breadedleanpork.chops. . .....35c
lima beans - coffee, ice tea, or milk - rolls and butter
home-made pie or ice cream
hot creamed turkey sandwich
or hot pork sandwich ...... .. .....25c


TONIGHT at 8:C15
W. Somerset Maugham' s Smart Modern Comedy

Ice tea or coco cola

orange sherbet

Tennis Racquet Restringing

coldroast;pork luncheon ... ........40c

1 111

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