Market Blues Push Stocks Down Amid Warmer Trading
New York June 13 AP stock market hits a 41-2 year low as investors abandon shares. Major issues fall to about 2 to 7.50 each with owners across the exchange losing over 1 billion dollars on one of the year’s busiest days. The AP average of 60 stocks sinks to 58, a new postwar low. Prices for United States Steel Bethlehem Steel General Motors Chrysler fall sharply with many other leaders sliding.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Financial District
Associated Press
Moon
U.S. Steel
Bethlehem Steel
General Motors
Chrysler
American Smelting
du Pont ‘Old
Eastman Kodak
Standard Oil (Nj
Nickel Plate Railroad
Southern Pacific
Skelly Ol
Eastern Coal Petition Denied by Fourth Circuit Court
The U S Fourth Circuit Court of Appeals denied Eastern Coal Corporation of Bluefield West Virginia a petition to set aside an NLRB order. The court found the NLRB acted within its rights and ordered reinstatement with back pay for six discharged supervisory employees, with enforcement of the order.
MENTIONED IN THIS ARTICLE
Asheville
N. C
U. S. Fourth Circuit Court of Appeals
Eastern Coal Corporation
Bluefield
W. Va
NLRB
50 50 Fine Imposed By Municipal Judge
Edward A. Bruce faced a reckless driving charge in Rochester municipal court and answered 50 50 to his plea. Judge Justin Emery ordered a 50 dollar fine with half suspended.
MENTIONED IN THIS ARTICLE
Rochester
N. H
Edward A. Bruce
Justin Emery
Emery
Judy's Lawyer May Call Bigwigs
In Washington on June 13 the espionage trial of Judith Coplon neared its seventh week as the defense moved to subpoena Dr. Edward A. Condon and other figures from film and science to testify. Archibald Palmer said the defense might call Condon to argue the Russia atom-bomb charges are nonsense, while listing Hollywood stars Fredric March Edward G Robinson and others named by FBI informants. Coplon, 28, alleges she took secrets to aid Russia. her background includes a Barnard degree and a pursuit of background material for a Washington novel.
MENTIONED IN THIS ARTICLE
Washington
Judith Coplon
Archibald Palmer
Edward A. Condon
Russia
Judith Conion
Dr. Condon
U. S. Bureau of Standards
House on-American Activities Subcommittee
Condon
Atomic Energy Commission
Palmer
Miss Coplon
Justice Department
Barnard College
Brooklyn
FBI
Fredric March
Edward G. Robinson
West Coast
Lies Helpless For 24 Hours After Fall
In Hampton Virginia a woman lay on her apartment floor for nearly a day after falling while cooking Sunday. Mrs Alice Love injured her chin and hip and could not move until neighbor Mrs Esther F Butts heard cries for help and alerted police and firemen.
MENTIONED IN THIS ARTICLE
Hampton
Robert F. Snow
Phoebus Fire Department
Alice Love
Esther F. Butts
How to slice tissues extremely thin for research use
The National Bureau of Standards explains a method to produce tissue slices as thin as one tenth of a micron using a polymer resin, carbon dioxide cooling, and a microtone blade. This precision slicing aids microbiology pathology immunology and industrial technology research efforts.
MENTIONED IN THIS ARTICLE
Washington
National Bureau of Standards
Bribery Hint Emerges in Lias Tax Trial
Fairmont W Va June 13 A federal agent testified that William G Lias implied a bribe to halt a 1944 liquor investigation while denying a direct offer. The trial of Lias for income tax evasion from 1942 to 1946 proceeded as agents detailed confiscated whisky and disputed tax allocations.
MENTIONED IN THIS ARTICLE
Fairmont
W. Va
William G. Lias
Lias
Wheeling
Barton W. Pairo
Federal Alcohol Tax Unit
Baltimore
Pairo
Cecil Briner
Briner
Automatic Cigarette Sales Corporation
Sales Corporation
Pirate Cafe
Hias
Hinton Man Heads Merit Council Appointments Reported
Governor Patteson named H T Brown to the merit system council to fill the unexpired term of Thelma Shaw. The governor also reappointed Hugh Ike Shott Jr to the state election commission for six years, Raymond J Lambert to the conservation commission for eight years, and Edward F McKee to the aeronautics commission for four years.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
Patteson
Hinton
Merit System Council
H. T. Brown
Thelma Shaw
Fairmount
Hugh Ike Shott, Jr
Bluefield
State Election Commission
Raymond J. Lambert
Kenova
Wayne County
The
Conservation Commission
Edward F. McKee
Wheeling
State Aeronautics Commission
Mysterious Gunmen Take Time For Lunch
Chicago police surrounded a building as six squads closed in to capture a pistol wielding man. A pistol packing companion fled downstairs while Detective John Delaney led the approach through an alley toward the gunmen's lair. An elderly woman nearby commented on two youths with water pistols.
MENTIONED IN THIS ARTICLE
Chicago
John Delaney
Nineteen Senators Urge $2-4 Billion Budget Cut
Nineteen senators from both parties sponsor a resolution directing President Truman to cut federal spending by 2 to 4 billion dollars for next year's appropriations. The plan aims to trim 5 to 10 percent from executive funds, with a 20 percent cap per department, targeting roughly 17.59 billion in non-debt items.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
McClellan
Treasury
Senate
Family Home Pepperd by Hidden Rifleman
For two weeks a .22 rifle has peppered the roof of O. M. Smiths home at 1143 Stovall Street. Police report considerable roof damage and suspect fire from a ridge above the house. Officers were asked to locate the gunman and end the danger to Smith, his wife, and children.
MENTIONED IN THIS ARTICLE
O. M. Smith
Stovall Street
Smith
Pickets Dump Coal Hits West Virginia Coal Industry
In northern West Virginia roving pickets protested non union strippers during a seven day stabilization. About 150 pickets halted operations at multiple tipples, dumped coal on highways near Lost Creek and Two Lick, and blocked U S Route 19 injuring two with a taxi crash. Police report 10 to 12 tons dumped and trucks turned away.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
West Virginia
United Mine Workers
John L. Lewis
Harrison County
J. G. Hart
Wilsonburg
Clarksburg
Gregory and Poole
Fitzhugh Reynolds
Hart
Reynolds
Tasa Coal Company
Lost Creek
Industrialist Named New Rotary Leader
Percy Hodgson a 47 year old Rhode Island yarn manufacturer from Pawtucket Rhode Island was elected president by acclamation at the 40th Rotary convention. The leadership of Rotary International passed today from a retired Australian grain broker to Hodgson at the largest Rotary convention in the organization's history.
MENTIONED IN THIS ARTICLE
New York
Rotary International
Rhode Island
Percy Hodgson
Pawtucket
R. I
Rotary
Lewis Quiet On Talks With Steel Bosses In Philadelphia
John L. Lewis kept public remarks brief as he met with Harry Moses of U S Steel subsidiary Frick Coke in the Bellevue Stratford hotel. The coal leaders discussed a 1949 contract while likely sealing a wartime pause with a two hour lunch.
MENTIONED IN THIS ARTICLE
Lewis
Steel
Harry Moses
Philadelphia
John L. Lewis
America
UMW
H. C. Frick Coke Co
U. S. Steel Corp
Moses
Bellevue-Stratford Hotel
Union
John
Vesterday
Harry Moses Geeeellent
H.C. Pink Commpens
Guinee
City Primary Opens With 18 Nominees in Bluefield
Polls open at 6 30 this morning to nominate 10 directors and elect Republican and Democratic party executives. Voters in five districts cast one vote per district with top two finishers advancing. seven candidates compete in District 1, others in districts 2 3 4 and 5. Balloting ends at 7 30 p m with municipal offices closed.
MENTIONED IN THIS ARTICLE
Democratic Party
Tanner
Board of Directors
Ada M. Warden
C. W. Pace
Kitty D Shelton
J. R. Murphy
Merrimands. Smith
Marge Staniforth
C. N. Wilson
Lewis H. Cook
Annie D. Woolwine
F. A. Toyer
John&. Thompson
James E. Keyes
Effie M. Keyes
Mack Melvin
J. M. Houchins
Patsy Small
W. M. Snead
W. T. Jackson
Tommie Fallis
John R. Munsey
Annie O. Stinson
Raymond L. McCoy
Coal Contract Talks Resume In Redefined Traversal
Negotiations between miners and operators reopened today as leaders from the United Mine Workers and coal groups gathered in Philadelphia and Bluefield. Officials discussed a new contract while avoiding immediate details, with walkout impact and potential furloughs affecting eastern rail service and mine output.
Big Four move toward Berlin truce and Austrian talks
Paris reports indicate secret Big Four talks yield partial settlement toward a Berlin tru ce while pushing for an Austrian treaty. Western powers seek a patchwork accord to ease Cold War tension in Germany, with a two Germany outcome and continued dual administrations and currencies.
MENTIONED IN THIS ARTICLE
Paris
Benn
Big Four
Council of Foreign Minister
Berlin
Russia
Austria
New York
Ilin
Wandering Virginian Beaten Over 11 Cents
A man named Ogle was assaulted east of Bere Sorter after being asked for money. He reported the assailants demanded cash and took his clothes before he fled toward Greenup, where Sheriff William Adair collected his statement.
MENTIONED IN THIS ARTICLE
Greenup
Bere
Poser
Ogle
Leslee
William
Also Mentioned on This Page
Buffalo
N. Y
Rensselaer
NEA Telephoto
Eastern Coal
Judy
Federal
Big Bill
S Merit Council
McClelland
D-Ark
Penny Karnofsky
Phoenix, Ariz
Upstate
U. S. Steel Company
John Buckley
E. Bernard Jarrett
E. H. Tucker
C. H. Arnold
Cc. W. Godsey
J. A. Stevenson
W. J. Br
Tome Gee
Sgeim
Gee & Ge
Jobe L. Leek
Ge United Mine Worters
Amerie Seeg
Ge Seem
Cape
Joseph FE Moodys
Greely
Industriel
Camera & Lehem
Big 4
Handyman Pawas
Norton Coal
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