07 Apr 1942
Page 1
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Newspaper
Amarillo Globe
Location
Amarillo, Texas, United States of America
Date
Apr 07, 1942
Page
1
The weather bureau warns of a freezing drizzle and temperatures dropping below freezing tonight in a forecast tied to an Easter spell. Windy with a low near 27 degrees could damage unprotected blossoms. the old tradition of thunder in February and frost in April is cited as a predictor.
The comptroller of the currency calls 5 117 national banks to submit a statement of condition as of April 4. The Federal Reserve Board asks 1 502 state banks in the Federal Reserve System to report their financial status. State banks outside the system are not included because the FDIC did not join the request. Austin reports a parallel call by State Banking Commissioner John Q. Mc Adams for state banks to disclose condition by April 4.
Washington April 7 war production head Donald M Nelson announced that production of most consumer durable goods will stop by May 31. He said orders halting private building and restricting iron and steel use will change American industry as part of a lean civilian economy for total war.
In a Pacific war communique the japanes e drive along Wainwright lines on the 13 mile Bataan peninsula is described as continuing with some success. Both sides suffer heavy casualties as Yamashita unleashes waves of assault troops supported by dive bombers artillery and tanks.
British troops retreating north of Thayetmyo fall back in the Irrawaddy Valley as Japanese columns advance along both river banks. Chinese and American air forces bolster Mandalay defenses while Col. Chennault promises Allied air control soon.
Allied air assault continues as more than 300 RAF bombers hit German targets across the Ruhr and Rhineland under poor weather. Berlin reports civilian casualties from night raids. Soviet forces push in the Lake Ilmen region and claim gains against remnants of the 16th Army, while German high command notes local successes and mud hampers movement. The Dutch West Indies prepare for potential hostilities, and Soviet reports claim heavy German losses on multiple fronts including Leningrad and Kalinin.
Drizzle turning to freezing drizzle or light snow late this afternoon and tonight. Colder with temperatures below freezing by morning. West Texas winds bring rain or drizzle Panhandle and South Plains with showers or thundershowers elsewhere this afternoon and tonight. Temperatures: 24 hour extremes 45 to 69 with 46 at noon. precipitation 0.01 inch. Victory Bond and Stamp sales over the weekend total 30 648, averaging 7612 daily. daily quota 12509.
DETROIT April 7 United Automobile Workers executive board proposes a 25000 dollar annual family income limit for the war’s duration in exchange for defense bonds replacing overtime pay above 40 hours per week. The plan, dubbed equality of sacrifice, includes price fixing, wage boosts, and a postwar planning agency with labor and industry.
Nehru and Azad asked Johnson for American aid to break the Cripps Nationalist deadlock on real control of Indian defense. Cripps reportedly gave Britain’s war cabinet response on defense control as part of postwar dominion status talks. A urgent meeting of the All-India Congress working committee was called amid pessimism.
Amarillo's three national banks report total deposits of 24,112,288.68 as of last Saturday. Officials from the comptroller of currency and the state banking commissioner requested the figures, noting a seasonal decline from prior statements.
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