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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Feb 01, 1950
Page
2
United States Steel Corp. boosts its common stock dividend to 65 cents from 50 cents based on 1949 earnings the highest in 20 years. Net income reached $165,958,06 or $5.39 a share despite a 42 day strike costing $30 million in direct costs, with shipments dropping in Q4 1949 by about 2,120,000 net tons.
President Truman urged soft coal miners to resume digging for 70 days starting Monday and submit their case to a presidential board. He asked John L. Lewis and operator spokesmen to respond by February 4 and proposed a three-member public-spirited board to decide the dispute while avoiding national injunctions.
The Texas State Board of Education and lawmakers debated a salary for the new state education commissioner. Opinions ranged from 12 000 to 16 500 dollars, with proposals up to 18 000 and discussions comparing to UT President pay of 17 000. Proponents argued the post oversees 180 million dollars and affects every child.
The House adopts a pay and staffing resolution for around 55 staffers and pages. Gov. Shivers outlines a hospital program funded by one-year appropriations, a long-range build plan, and a broad-base tax, including a proposed one-cent cigarette tax to sustain the effort.
Temple Texas January 31 Representatives of 115 Baptist Sunday school associations asked Senator Lyndon Johnson to press for legislation banning liquor advertisements on press and radio. About 300 attendees at the statewide Sunday school clinic passed the resolution. Dr Lemuel Hall of Austin attended the meeting.
Russia boycotted the Allied Four Power Council over repatriation delays for Japanese prisoners as Soviet delegate Derev Yanko refused to attend. France's George Bidault weathered a domestic storm with confidence votes while tensions with the East West bloc grew over Vietnam.
A fire at the American Zinc Company's smelter eight miles northeast of Dumas Texas caused about 100000 in damage. An ore bin shed and two box cars were destroyed when the blaze started around 430 a m Tuesday.
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