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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 08, 1948
Page
10
Alexandria Indiana UP report says Roxie Angell and her brother John O Banion expect a share of a 2 5 million dollar estate from their great grandfather, a pre Civil War Irish real estate investor. They await details while continuing work and plan to buy homes when funds arrive.
Monsanto Chemical announces a 17 312 million insurance payout through Oil Insurance Association of Chicago related to the April 1947 Texas City ammonium nitrate disaster. The settlement, a compromise from an initial 21.5 million claim, covers property losses and includes 50 000 paid to victims' families.
KCRG and KCRK air a mix of arts and sports features. Jane Cowl performs scenes from The Corn Is Green in Great Plays From Great Plays at 7. Tonight high school football Roosevelt vs McKinley at Hill Park with Bob Brooks calling plays. The Pep Rally at 7 30 leads into the game at 7 40. Four selections from High Button Shoes on Music Album at 10 15. World Series game four coverage in Cleveland at 11 45. Children’s Theatre presents Mr Wise Goes Topsy Turvy at 9 45. Teen Test and Rippling the Ivories air at 11 00 and 11 30. Professor Buzz Hassett hosts the Teen Test questions.
Readable fragments show a mixed schedule with events: World Series coverage, Ohio State, 1600 Revue, baseball scores, and various MBS program blocks. Names and times are partial, indicating a fragmented listing of programs and sports updates.
Sioux Rapids Iowa Guy M Gillette Democratic nominee for U S senator criticizes the Republican controlled last session of Congress for failures to provide for the people He cites the CCC grain storage space issue and a looming surplus as evidence of neglect and seeks broader farm relief amid bumper crops and a potential billion bushel carryover He warns the nation faces serious farming impacts from this policy clash
Tokyo reports that the Ashida cabinet resigned amid a bribery scandal tied to Showa Denko loans. Prime Minister Hitoshi Ashida went to Gen Douglas MacArthur for approval of the resignation, a break with tradition. RightistDL party factions push to form a Yoshida-backed cabinet.
The Bureau of Labor Statistics reports a 0.9 percent weekly drop in wholesale prices for the week ending Oct. 2 driven by lower food and farm costs. The index fell to 167.1 with 900 commodities down. farm products averaged 2.3 percent lower and food prices 2.1 percent, led by a 10 percent fall in butter.
CHICAGO AP The army announced the purchase of 8,356,300 pounds of Argentine meat for European command feeding needs. Total price was 1,839,760.70 dollars, bought from five firms. Industry sources said the purchase won’t affect domestic supply or prices as federal law bans imports of Argentine meat except canned.
Len Kenneth McKellar of Tennessee sharply split from Democratic Boss Ed Crump of Memphis by publicly backing President Truman. The 79 year old senator said the rift shows honest difference of opinion, not a loss of friendship, as Crump aligned with the states rights rebel party.
In London sources say a black market scandal involving high Labor officials will be aired when Parliament reopens on Oct. 25. Will Nally plans to ask Prime Minister Harold Wilson about the issue as Conservatives predict political capital. The Daily Herald notes the government is pressing a nationwide probe and may appoint a high court judge to lead a judicial inquiry with Viscount Jowitt involved.
Milwaukee: Lawyer Dominic C. Monte confessed to District Attorney William J. McCauley that gambling on horses led to losses of over $100,000, much of which belonged to clients and others. He gave himself up after admitting bets exceeding $60,000, saying he had tried for three years to recover losses and failed. He recalled his first stake on a Chicago track six weeks prior, leading to escalating bets and a racing-fueled delusion of quick riches.
Weeks ago Monte decided to sink or swim on a single $1,000 bet on First Degree at Hawthorne Chicago. The horse won at 19 to 1 but was later disqualified, leaving Monte certain the loss marked the end and that he couldn’t recoup it.
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