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This newspaper page contains 15 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Feb 07, 1949
Page
1
Market data shows a sharp downturn with employment rising and stock prices tumbling. The Canmu Bureau notes a wave of unemployment and broad selling across major sectors, including tobacco, oil, and general motors, as investors react to weak demand and market volatility.
Washington announces hearings begin Tuesday by the Senate Economic Committee to assess whether postwar employment and price declines signal a general downturn or a temporary adjustment. Officials including Labour Secretary Tobin and White House aides say there is no need for alarm. analysts warn inflation risks and lingering uncertainty could shape the next few months.
United Nations report notes better world economic conditions in 1946 with higher food production and increased industrial output. Trade improves, some signs of recovery appear in various regions, though uncertainties remain as nations rebuild postwar.
Mr Chifley warned that a global slump could hit Australia hard, urging recommitment to wartime controls and noting external reserves have shifted. He cited reduced overseas income, postwar relief measures, and selective aid to Britain and Malaya, while highlighting strong secondary industry growth and plans to reduce debt in coming years.
Fragmentary report discusses staff dismissals at Rank Organisation in London. It mentions potential publicity plans and a film liability related to tax financing for Wiz productions, with unclear names and dates.
Key Hollywood salaries show Humphrey Bogart leading film stars at about 928000 dollars. Betty Grable from 20th Century Fox also features among top earners, with other prominent names listed in the Warner Brothers and related studio reports.
An unclear report notes activity linked to Sydney with reference to Lordor and Aaron ben Vor. It mentions a ban and claims about 100 candidates recruited locally and 450 already sent to Australia amid a recruitment push.
Berlin's Sunday report says a tightened counter blockade on the Soviet sector will begin at midnight. Britain and the United States expect the move to hurt the East less than a full Soviet frontier blockade, with road transport and limited water routes disrupted. Western supplies and industry face new curbs as Allied authorities assess the impact on Berlin and the broader Cold War balance.
Moscow reports say Stalin planned to attend a four nation conference with the United States and Britain as Western observers discuss Soviet peace plans. Pravda argues for improved Soviet American relations and warns against encirclement by Western powers. Allies lodged a verbal protest over Soviet air safety drills near the Berlin corridor.
In Washington on Sunday exiled Czechs gathered to form a government in exile. Leaders planned to unite Czech groups and establish formal relations with the United States while discussing plans to reclaim authority in Prague. Waclaw Majer, former minister, attended as part of the broader effort.
Soviet note proposes Norway join a bloc amid Atlantic Pact tensions. Moscow argues the alliance seeks to encircle Europe, while Oslo contends UN charter safeguards peace. the Soviet message questions Norway's stance and hints at strategic alignment without confirming commitments.
Fragmented report outlines Cardinal Mindszenty’s trial with denouncements from the U.S. amid tensions in the Delta region. It notes insurgent interests, British involvement, and church state disputes while detailing courtroom proceedings and political accusations against Mindasenty and allied figures.
The report notes Nationalist China’s stance and Communist moves including takeover of the Central Bank and Municipal Court in Nanking. Premier and officials promise insistence on negotiated peace while warning of continued resistance if Communists refuse reasonable terms. Officials cite evacuation debates and looming war crimes handling.
A Sunday Hong Kong dispatch cites a Moscow Radio communique detailing nationalist casualties and communist advances in the Chinese civil conflict. It claims 4,600 to 9,000 officers and men killed, plus 4,146,000 square miles occupied and widespread ramifications, while authorities warn of growing unrest and government actions.
The readable fragments reference a figure named Cartinal and an event described as a long death or decline. Names, places, and clear actions are obscured by errors, yielding no coherent report or verifiable details for a meaningful summary.
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