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...bales in return for a three-year credit of about $30,000,000 at 4½%. The price was to be a monthly average of the New York, Liverpool and Bremen Cotton Exchanges' cash quotation. The Farm Board had taken its cotton at about 16? per Ib. or less, leaving the Farm Board about $30,000,000 in the red on the deal...
Born. To Franklin Pierce ("'F. P. A.".) Adams, colyumist for the New York Herald Tribune: a daughter (he has two sons). Name: Persephone. Weight 5 Ib...
...Canadian Government's tariff schedule against U. S. periodicals, viewed with alarm by U. S. publishers and Canadian newsdealers (TIME, June 15), was made even more stringent last week by Premier Richard Bedford Bennett. The original plan, to be effective Sept. 1, imposed a duty of 15? per Ib. on all periodicals other than educational, scientific or religious. The new schedule admits the exempt classification if they contain 20% or less of advertising. Magazines with more than 20% advertising must pay 2? tax per copy; over 30%, 5? per copy. Nearly all magazines entering Canada from...
Original plans for the Akron prescribed a lift of 221,000 lb. for the airship herself, and capacity for a useful load of 182,000 Ib. Last week the Navy Bureau of Aeronautics estimated that the ship will be 19,000 to 20,000 Ib. overweight. The exact figure cannot be determined until after the final strips of covering are applied to the envelope and the ship is "weighed off" with lifting gas. By its contract with...
Navy, Goodyear-Zeppelin Corp. is liable for a penalty of $5 per Ib. for overweight up to 5,000 Ib., but last week it was questionable whether a penalty would be assessed since some of the excess may be chargeable to changes in Navy specifications. Said Rear Admiral William A. Moffett: "The Akron has been splendidly constructed, better than any dirigible within our knowledge. The slight excess in her weight ... is a direct conversion into increased safety and military factors...