RUSSIA / ... ^ Ax to - Si. tln^- e years trade relations between Uncle Sam and oovlct Russia became a reality today. The Reconstruction Finance Corporation announced officially that we have sold eighty thousan,. br. 1. z of tes cotton to Eomrad Stalin by naans of loans made to the SovI( t Gov rnment by the R.F.C.^ The deal was put through Amtorg Tra 'in Corporal I on, * company hich Is actually purchasing A agent for to Russian Government. A message from V.r hlnrton declares that this is in' ‘preted as rieanine th t recognition of th Soviet b-ov-■ »inn;cmi» by * Uncle Sam ’s inevitable.The transaction Involved a sum in the w i hborho■ . of four million iollars. This is the second bit of export business of th* kind consu n by tn- . . The first was connect : i h that sal*, of wheat to China. N.B.C, !>•_ T. SUNOCO OIL BROADCAST - 7/5/SS Good Evening, Everybody: That World Economic Conference in London still shows signs of life. President Roosevelt joined the rescue squad today. He held a long trans-Atlantic telephone conversation with Secretary of State Cordell Hull and Assistant Secretary of State, Professor Raysonti Moley. Following this conversation, the White House issued the statement that the President expects the Conference to continue in spite of the attempt of the five nations of the so-called gold bloc to break it up. The President did not elaborate on this statement. He merely pointed out that there are many things for the delegates to deal with besides stabilization of currency. In other words, tguke the boys had plenty to do and why not let them haao* a shot at doing it. 0 A wireless dispatch from London informs us that - the delegates took a day off and did nothing much but gather in groups to talk about President Roosevelt* s spectacular rebuke to France and the other gold nations. The dope in London is that INTRO - 2 President Roosevelt would have to work a miracle if he Is going to save the Conference. But the doctors have not given up hope i EOIfLCQ'M17’1. MCI A telephone if;ossa^e: froui V.ashinat President A n noO'Svvell ■■1 insist on stabilizing the dollar in terms of the price levels of eo rio 'if s In America. This ;o s> no matter what hapveris to the Economic Conference in London, no natter what foreign nations hi hk -?r o. 1": idea of official circles in V.ashing'ton is that *tne real of 1.isagr eont is that u ’Ope has a totally dif f- r-.it concept? ^n of this currency , tabilization cues > ion from rw\ that of am A-minis!ra* ion. As the experts put it, Europe regards it as iPl an a.greecitont to fix ratios between th- currtneEs of the various * natio,iE while' In A;.,erica it ’oimded n th- price level of goods cO'in.mot,ities in '.'''e U.A.A. An 'unoffi-ei*.l but obviously Inspireu statement from Washington In:icatcs that it as never the object of the London Confer■( nee to- sot up an agreement which would enable some half dozen out of :’ifty-six nations to fix their ratios of foreign exchange and an attempt to control th ir fluctuations. In other words, the tail must not we . ; the dog. POLLOV_CONF. ; - ;c[ 2 % ^ncle Saffl is being accused of creating confusion through 'i.is refusal bo enter into an agreement on stabilization, hashington retorts that Great Britain has already been off the goli standard for too years, ana that John Bull1s responsible officials admit that he is not yet ready to return to stabilized currency. By the sa e token France uas actually off the old star.dard^four years aft-r the War, although she subsequently pegged the franc. In short. Fra ice hid four years In ;hich to study the situation an' find her be; rin s. On the other hand, Uncle Gam has been off only three months, a s ;s not had reasonable time in which to accomplish .stabilization. another* point of difference 1s this: Ensoaxthe iia-iihinnrt** point of vl v, regards old not as a collateral behind currency but ns a medium of int rnational exchange. Uncle Sam on the oth r hand considers old and silver as collateral to be used behind paper currency, not as a medium of exchange* So there ou are. I hope this leaves us wiser than we -.ere before. I.B.C. LONDON Here's more about It. The last word -- just In. It’s^from London^ dL new Roosevelt message just made public in London by Secretary of State Cordell Hull. It repeats the American refusal to consider any immediate stabilization of the dollar or any immediate measures forj controlling dollar fluctuations. ~ lengthy reason was cited :n this new statement from Hr. Roosevelt. As a result of this new statement, Lurooean countries who oppose Uncle Sam's attitude went into an immedlatel meeting 10 consider an answer to America. It is expected they will favor outright adjournment. ^ V' LT ran: Lin D, ^oost vi. lt too ay threw up his job as (sc ——Jl <3™- tto? vw^-A-e>7 -p-th- Za. sicippor of tn«.. yac t Amb rjack II, and re sumo d his functions as A President of the United State.. In other <ords, the President is beck an.—at nis desk in the Vthite hfvaSP# One of the first jobs n tackled as proyr* i«4 for nation; 1 recovery. h , rooi.evc It hod a conf- roi.c*- at luncheon with Secretary hoper of the Department of Co urn rce, and Secretary Iekes of the Dcpartmenr of ■ Inti rlo: . n riscuscc .5 th national fircov ry Act and th Purl! c orks prop" . £ccr-*fr : y ton as u no , is Chairman of the Special Coirtmittee of th« Cabinet in charge of the Recov* : y and Secretory Ic * s is Chair’ on of th Board that has outh ri p ir.x ov 4 * it lie o:* i***v tho t involves on expendi’.ui’r o ’ thr t. .billion three hundred million collars. The it* “ ire a nounepd t d y f t the President had noj’t yet taken u. tli< Cot on 1 x Lilt- Code v.ith G( ;i ral hu. h Johnson, Aimlnistrator of the National K cov.ry Act. The President is v,ithhol'.lin his de cision on this.wrtrtr^. BALr-0 '-'ic t last Ls rome v< 1 news from Italy*s Minister of Aviation. A ir 1 ss r port I a ve just received conveys the information thai^General Balbo and his fleet of tv/enty-four of Premier Mussolini's best seaplanes are safe In Reykjavik^ the capit?1 of Ic land. They landed at Reykjavik at a quarter past t .© -his aft moon. East; rn Daylight Savinr Time^— s±xh± a right s-'iart hop b< coaov tho, : 1 ■ ^'ndcpvy ~ l.fi NortIreland u it 11 tv.enty minut- o i i ;ht th i ^ morn in , Last rn Daylight Saving Time. In other words, they did the nine hundred and thirty miles e^jdU, in six houi's and a half. * General Balbo took off from Northern Ireland with a hir ; !. h f li f histlinc t r ugh. his whisk* rs. He told the correspondents it '■as hi h tin* o leave, because the long delay and bad weather had made his men exceedingly fretful. Well, they aren’t fretful now,ttd-j *-ruL - .v . Jr J2£. -teh N.B.C. wCZtM — ET - TEMIb Here^ news from the tennis courts of Wimbledon to flatter 033^ national pride. Ellsv/orth Vines, our f big tennis^#^MPi, won again^defeating the great Frenchman Henri Coehet. This is the 3rd time that Vines has beaten Cochet. They played their match before a crowded gallery. The American star did the obvious thing by picking on Cochet’s back hand which has always been his one weak point. The game went four sets. Vines taking three of them. Incidentally this put Vines into the finals. In the other semi-final Jack Crawford of Australia defeated Satqfc, the little Japanese champfcu*, also in three out of four sets. Thus the finals, which will be played off tomorrow, will be between our own Ellsworth Vines and Jack Crawford of Australia. i«bC ATCH '^ie I have ju t received in unusu-1 'ift. ^/number of things th' t can be don. v.ith it sound quite Extrasd extraordinary. For instance: You can throw it out f an airplane five thousand feet in the air ithout brt akin ' it. You can throv. it out of the window Mg trf ^ ~ \/J of my ’loor in the R.,. A. buTI in*, ev» n the /ri’ht on to fl A A ^ avement ‘‘bout da.-* 'in i . You can put it in the -oldflsh bowl or you can. wash it in the bathtub. It isn't i medicine b 11 an. It Isn't a rubber doll. It's a watch. It ir factiuilly true thr t nm EwlebrixyxBf celebrated aviator rude a test of it and threw it out of an airplane when he was five thousand feet up. And .when ttfey picked it up it was still ;oin . TV -/ateh vrs • ir‘ ]v t ; •.ittnau r Company which for A ye-rs hr,t n in th business of upplylnr chronometers and oth r ti n* pi *c> s to aviators, navigator. , xplorers, etc. but tney oau.. that the watches they'd l in' covOdwte* certain tests*. ?oi lasts, ac , apt- tn Bob Bartlett complained that vhen jr fell . I >i zx J. oil — y overboard into the erotic Ocean his watch stopped. Clyde r’&n.gborn> the aviator, said "the watch you sold me kept swell time until I dropped it out of an airplane and it want flooey." ih?u the ifitmaaer people decided aomet L.ue had to be done about this. The result is they have built a timepiece which is unbreakable -- you can break your neck, but you can't breal that watch. Moreover it cannot be damaged by water, and what's more, it’s non-magnetic. In other words an aviator can fly in the Arctic I regi us without having his watch, go haywire. nru.Lr / Iiilo ic .uite an important year in the history of the royal oanr-!;i ^ount d Police, formerly the royal North vest Mounted r'l'iTf iiv^j a it' • i> yule.' ly c a Ilea the Mount is -s* Even if you have ev- • r . n n Cpni.'" you*va seen tn- m, because any i n excitin'* film, story has been written around the lads who, as they say, nalways gt t their A oo. j.unlcr;lion r th* Canadian Gov rm.i- nt In Ottawa Infori.ss 4,' t - f. .*,• '-’re* , as tablished in 1873 , just sixty y - . a •« . It- fir: : organize 3 o : rot ct the ahit settlers edains- In:ian "Lb s. Ihe Indians in Canada were powerful and rosp rous, ' ul th y . re bcin" demorelized by low whites who wen St 11 in • : r. liquor, and also^ by tribal warfare Moreover, like the Indians in our o. n oouidry, they die not relish the idea of being oust* d from their homes by white settl- rs. The Canadian counted Police were only three hundred strong at the outset. They hscl plenty to do besides police work. Vnov had to watch out for prairie fires and frequently to fight them. . ....... - ............ —- - £ Cenad la n Gov- min^nt Ihey ...i o 1 ■ 1 lonuly rs in remote parts of Canada, r re _ ..r Lit l ; thr-y m ; : o ■ O' rou h an.:", rrady jobs of surgery. In f a c t , 11 1 ■- v. ■. i ■ :. rt a t cl • al more th a i* j e r t> po 1 i c e m, ® n . Today the 1,.0,'h.P. con: 1 ts‘ of twen-fiYe hundred officers •■.ci • n. In t • o its oth ir ,lice u' i 1.1:. ties today to do a *oO'd d€ ■ 1 f i"-v«:. m*.' j - i rlso tb-i functions performed in. the Un!t> : otat . by ■ it Isnigr: lion £* rvic , ..." ...y j , t T s . rv lou; fore* , For sixty years tht v havt sentt ■ law •• • n- ju.Ftl.cc fo**. our neighbors to the N r*.h, r- th y1'. 'on1 a j r tlr 1 ir > n polic« ment may 11 envy. PnIC'.o iiif • ‘ linr of relief over the general improvement in f, -€_ The busint:ss is becoming decidedly modified^for housewives. ^Household budget nss already begun *'0 ‘0 up, Tht price of bread has advanced O'lie cent a poun- and th*-: American Jed a; re Association warns us that an a a, 1 1 tion 1 t o cents a pomie. may be si' pped on it before lone. This they say, is due to th- processing tax on wheat which / (, into ff-ct n July 8thf Many newspapers editorially hav- ; rint i caustic cuestions why the bakers should have the nerve to ch' rgt u.- more for bread before tin processing tax even goes into ef-'et, h , t v •, to th.'r tii .istters Bread Trust makes no reply, 71 f-.ct * ' t' 'c- f your b.-ea ■ *.ss -om> up n ' if you Jon11 like i , it your only remedy is to In x-i a the bre?. :oien tri • to r lr p on a t’.o cent increase on th- >rlce f on ■LK'iunu loaves ov- -rni liTb-' at ueirpt aroused a storm of protest, an American ■ Association u rns its members against repentin such an error. It is oob to know that if. we goin f to be charged more they will try to o it in a tact u! .ashion. mi PI-JCI'S - £ &LnUt All other step},os iws O'f course, bresl is not the only article that is toing up, —sxz&xxsLmta ‘oo fe me're expensive. Your errs and A poultry are oin-' to cost you more because already thr price of chicken feed uas on up s«:-ven per cent. FXQT f. cr v.d '.'f Communir-ts In ^ev; York ;ave a oarty this afternoon and now there are twenty well-cracked heads in good old Gotham, It : U::t oavv b n :ui t* a yarty, because it took a hundred arid twenty-five Y r’: •010 :*s to o the tit rtainin . And the usual ratio :s about one com ;* r to a hundred Comnium. ts, Hov those '^ew York coos do lov- 'o .wash a Communi s t. V.q 11 j this red ; nd blue arty took place at lunchtime today in th •' trict "'hich is t; c* t r of the lur and garment industries. In the liuach ho ir the streets th re art crowded with ..or’ era. I • I dr: :ot out in considerable numb* ra end undertook to del tv r It c tur • . on the w tionr 1 I.ecov •;/ Act. The usual squad of police tried to move them oiij but they would not move. So t .en the cops sent for the mounted squad, and it was soon over. As usual, the an Innocent bystander was th- one most seriously in need of a doc tor. c.TQfifc 1 J s ^ toj'in t'ociiis ■ o have raised havoc wi^feh. ahi.iu.i n Atlantic. »e lc. a rn from Coastguard Headquarters t a l . more t : n sixty livus may have been lost in the heavy seas that lashed the eastern shore of the United States. Both seaplanes and cutt rs of the Coast Guard are quart -i r. th- s -as looking "or bargns and dories that have been reported missing. A ra lo ess? < to Norfolk, Vir inla reports that the tug Nassau has collected t o survivor from on-. El-fated be eg* . Th . « firvIvors -* * thr * other, of th cr vero s" ill missin_. They took to the sea in a couple of small dories. Then th< Coast Guar Destroy* i* G-Hat r reports that t o barges xstex which r'^re bein towed in o Chesapeake Bay, have been sun : off the Virginia Capes. It is feared that TBa entire crev; has been lost. Incidentally, a still worse storm Is on its way to the U...;., this time headed towards Texas. Reports to the Weather Bureau indicate that it might hit Texas sometime tomorrow. Latest STORM - C innics tions wc ,■, tViat It ■.as n hundred and f 5.fty mi 1 es due oat of 1 rownsville, moving at the ratt of tv/elve milns an hour inland ov- !• the south rn coast of Texas* So th; t will probably provide news for tomorrow. N\ .C. BKAB They had an unexpected Independence Day thrill at Riverside, a suburb west of Chicago, This thrill was a bear hunt. Rumors that a grizzly was stalking the streets of Riverside aroused everybody who owned any kind of a weapon from a rifle to an airgun. The population of that peaceful Chicago suburb soon developed a surprising number of would be big game hunters. It was a squad of police, however, who finally disposed of Mr, Bear. It was then discovered that the grizzly had escaped from Chicago's Zoo. He had -nly arrived in Chicago two weeks ago from the West. The net result of the panic was that the Chicago Zoo has to buy another grizzly Little Doris returned unusually early from school tfr-' O1 ther day. She rang the door bell. There was no answer. She rang a rain, a little longer. Still no answer. A third time she pushed the button, long and hard. Nobody came to the :oir. Th^n she pushed open the letter box, and in a shrill v< lco r»'r ich carried to the ears o'* every neighbor in the block, shouted: "It’s all right, mamma, I ain’t the instalment ran!0 I think I will run along home now and try that zb e formula and se* if it will work at my house and SO LONG UNTIL TOM0R OW. L.T.