Government Cuts Credit Seizes Natural Rubber
The government slashed private loan funding and asserted control over natural rubber via the National Production Authority. The Federal Reserve froze $2 billion in bank lending, blocking potential $12 billion in further loans, while ESA planned 13 regional offices for price and wage enforcement.
MENTIONED IN THIS ARTICLE
Economic Stabilization Agency
National Production Authority
U.S
NPA
Federal Reserve Board
Federal Reserve
Doctors Under 50 To Register Jan. 15
Virtually all physicians dentists and veterinarians under 50 and not yet registered must sign up for the draft on January 15. Draft Director Lewis B. Hershey announced the medical call up last night estimating about 210000 medical men must register. Dr Richard L Meiling said about 13000 doctors will be needed to care for a military establishment of 3500000 now being planned.
MENTIONED IN THIS ARTICLE
Washington
Lewis B. Hershey
Richard L. Meiling
Defense Department
Dulles To Add Opinions On Policy Debate Tonight
President Truman links isolationism to Hoover’s plan as John Foster Dulles prepares to address the American Association for the United Nations in New York. Dulles will explain a viewpoint distinct from Hoover while backing collective security through the North Atlantic Pact.
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Dulles
Washington
Truman
John Foster Dulles
Herbert Hoover
Western Europe
Hoover
New York
American Association For the United Nations
State Acheson
State Department
Guy Gabrielson
Gibraltar
Britain
Japan
General Electric Plans Jet Engine Expansion
General Electric announced an immediate multi million dollar expansion of its jet engine and turbo prop operations at the Lockland plant near Cincinnati. W Lapierre, head of GE aircraft gas turbine division, said the plan will enlarge engine assembly facilities and add space for manufacturing development and engineering efforts.
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Cincinnati
General Electric Company Today
Lockland
W. Lapierre
Tractor Accident Kills Mrs. Katherine Reed
A tractor driven by Mrs. Katherine Reed, 35, overturned yesterday in McConnellville, resulting in her death. Police and emergency crews responded to the scene. foul play is not suspected.
MENTIONED IN THIS ARTICLE
Mcconnellville
Katherine Reed
U S Assets Seized by Communist China in Retaliation
Peiping reports Communist China seized all United States property and froze U S bank deposits in retaliation for U S actions on December 16. Chou En Lai called the move an attempt to loot Chinese property. U S officials estimate the total well under 100 million dollars and note uncertainty over scope.
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Congress
Wisconsin
America
Communist International
Russia
Truman
Formosa
China
Hong Kong
United States
U.S
Peiping
Chou En-Lai
Commerce Department
Washington
Reds
Shanghai Utilities Co
Farm Price Report Highlights Hitting Ceiling Levels
A government farm price report to be issued today will show how many commodities reached permissive price ceiling levels. As of a prior month only eight of thirty major items sold at prices equal to or above minimum ceilings, with further changes possible after the December price report.
MENTIONED IN THIS ARTICLE
Washington
Agricultural Department
Korea
Calfornian wins Burlington Liars crown 1950
The Burlington Liars' Club crowned a Californian as world liar champion of 1950 after judging submissions from across the country and abroad. The winning tale claimed a crew member froze to death in winter near a pile driver and a burial required seven days of driving.
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Burlington
Wis
Liars’ Club
Frank J. Goulette
Los Angeles
North Dakota
Joseph Flynn
Cleveland
Flynn
Auto industry to cut output at year start
Detroit reports the auto industry will reduce production of new cars as a national emergency pushes curtailments. Cuts, ranging 20 to 30 percent, will affect General Motors Packard Ford and Studebaker with layoffs seen as temporary while shift to defense work begins.
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Detroit
Automotive News
General Motors
Packard
Ford
Studenaker
Extended Forecast for Columbus Ohio
Five day outlook shows temperatures 4 to 8 degrees below normal with highs around 32 and lows near 16. Coldest period after Monday with frequent snow on Sunday or Monday and flurries afterward.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Tired Mailmen Face Charges Over Dumped Christmas Mail
New York men Joseph Davis and Arthur Haas, temporary mail carriers, are charged with destroying mail after five bundles were dumped in a snowbank and another bundle into an incinerator. Davis claimed fatigue and Haas said he was tired.
MENTIONED IN THIS ARTICLE
New York
Joseph Davis
Davis
Arthur P. Haas
Haas
Three Year License Plan Proposed to Conserve Steel
Governor Lausche backs a plan to use 1951 license tags for three years to save steel for defense. Beginning April 1 each car would display a single tag with windshield stickers updating years 1952 and 1953. Plan hinges on emergency legislation and legislative approval before March 15 tag sales.
MENTIONED IN THIS ARTICLE
Columbus
Frank J. Lausche
General Assembly
Lausche
Alger Hiss Granted Continued Bail on Perjury Case
In a two to one decision the U S Court of Appeals allowed Alger Hiss to remain free on ten thousand dollar bail while his perjury conviction awaits review by the Supreme Court. Hiss, once a State Department aide, was convicted of lying about sharing government secrets with Whittaker Chambers.
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New York
U.S. Court of Appeals
Alger Hiss
U.S. Supreme Court
Hiss
State Department
Whittaker Chambers
Army Has No Plans To Call High Officers
Washington reports the Army has no immediate plan to call up many reserve officers above captain to train expanding ground forces. Spokesmen explain in relation to the December 26 call for 7500 lieutenants and captains from the Reserve and National Guard next March.
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Washington
Army
Reserve
National Guard
Cost of Living Up in Ohio in December
Ohio’s cost of living continued rising in the first half of December per the State Industrial Relations Department. In Columbus from mid November to mid December thirty four of forty nine food items priced in the capital showed increases, the largest number since the Korean War began. Cleveland’s consumer price index reached 178.6, three percent above the national average, meaning food prices are 78.6 percent higher than 1935 to 1939 levels.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
State Industrial Relations Department
Cleveland
Ridgway Confident Yank Eighth Army Will Be Successful
General Ridgway declares complete confidence in ultimate UN success in Korea as heavy fighting continues along the eastern front. MacArthur reports Red forces massing west of the Imjin River and near Yonchon, with UN air and ground actions across Korea. Captain Sams Sims Walker assigned as aide to General MacArthur. General Walker to be returned to the United States.
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Kaesong
Korangpo
U.S. 8Th Army
Imjin River
Red Army
Kumchon
Yonchon
Seoul
Chunchon
Manchuria
Ridgway
Eighth Army
TOKYO
United States
Matthew B. Ridgway
U.S
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Korea
MacArthur
Oran
Sea of Japan
Yongpo
Oron
Imjin
U.S. Eighth
Sams Sims Walker
Walton H. Walker
Walker
24Th
Japan
U S Russia Near Split Over Japan Peace Treaty
Washington reports a growing rift between the United States and the Soviet Union over a Japanese peace treaty. Key disputes include veto rights by great powers, excluding Communist China, Japan defense participation, potential U S troop presence, and Formosa status under future decision by great powers or the United Nations.
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Washington
Russia
United States
Soviet Union
China
Japan
Peiping
Great Powers
United Nations
Formosa
U.S
Cairo
Humphrey urges watch-dog panel for Civil Defense
Senator Humphrey calls for a new independent Civil Defense Administration led by a single administrator. He wants a watch-dog committee to curb potential abuse of the vast powers in the compromise bill backed by Senate and House conferees, aiming to authorize about $3.1 billion over three years.
MENTIONED IN THIS ARTICLE
Washington
Humphrey
D-Minn
Congress
Civil Defense Administration
Senate House
White House
Truman
Boy Dies After Shotgun Accident in Marietta
Dwane Ritchie, eight, son of Mrs Dorothy Thompson, died last night two hours after an accidental blast from a 12 gauge shotgun struck him at his home in Marietta.
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Marietta
Dwane_ Ritchie
Dorothy Thompson
Search for coronation stone continues in Hyde Park lake
London police in Hyde Park near Westminster Abbey continue the search for the missing 458 pound coronation stone. Detectives sent for special tackle to lift an object found in the Serpentine near the lake shore as crowds watched. Earlier, a rusty safe was pulled from the water and the boatmen returned to dredging after locating benches and stones.
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London
Scotland Yard
Hyde Park
Britain
Westminster Abbey
Contract Awarded for Rocky Fork Dam Project
The Fischer Construction Co of Cincinnati received a $699,092 contract to build the Rocky Fork dam near Hillsboro in Highland County. Work is slated to begin next spring as a multiple purpose project for the state.
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Columbus
Rocky Fork
Highland County
Fischer Construction Co
Cincinnati
Hillsboro
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