Capehart says economy is on sound footing
Senate Banking Chair Capehart defends the economy amid Democratic criticism of high bond rates. Treasury action on 30 year bonds raises rates nationwide, Sparkman warns it will tighten credit for farmers and small businesses, increasing borrowing costs for homes and loans.
MENTIONED IN THIS ARTICLE
Capehart
Associated Press
Washington
Sen
Eisentower
Senne Banking Committee
Treasury
Hum-phrey
Wall Street
Gupehurt
Ley
Sparkman
Morse
Oregon
Tumphrey
Uric
Messman
New Treasury
House Delays Action on Sales Tax Debate
The House postponed sales tax action again while seeking ways to trim another 11 million to hit a 30 million Hewta rent. GOP leadership faced rising opposition from Republicans led by August Metz who warned it would take 85 to 90 votes to pass the levy. The article notes an unusual aside about Mercury rarely visible except in tropical regions.
MENTIONED IN THIS ARTICLE
House
GOP
August Metz
R-Pike
Savage Fighting Flare In Korea Night Battle
Allied air forces bombed Pyongyang as B29s and jet escorts struck Communist targets amid heavy fighting across Korea. South Korean troops repelled two assaults on Tejas Hill while Chinese units attacked near Old Baldy, with Eighth Army reporting stiff counterattacks and limited gains on both fronts.
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Associated Press
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Red
Sundin
LTG
Punghyowl
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Arwerl
Old Baldy
Jones & Laws Tin Steel Corp unveils new plastic core wire rope
Pittsburgh firm claims twenty new plastic-core wire rope will solve drilling problems. Rope unveiled at Money Plant, J and B, and said to resist acids and other substances that corrode timber wares. Debris and water deposits noted as factors in oil well operations.
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Jones & Laws Tin Steel Corp
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Popes
Driver Fined $100 Gets Jail Term
A driver pleaded guilty before Judge Burton R. Lah yesterday and received a 60 day jail term plus a $100 fine after he drove while intoxicated near a state park. The case involved Fred Treland of Box 17 Plates Treland, with the incident occurring January 12 and ending at the state police office.
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Coupey
Burton R
Fred Trelind
Trelind
Penney
Yank State
Pune
Alice Geyine
Breton
Lee Tate
Wis
Tynower
Greek Ships to Curb Trade with Reds
A terse dispatch reports further Greek naval assets to enforce trade curbs on the Soviet bloc. The line notes strengthened armament and patrols by the Greek government to pressure Moscow, with allied nations seeking to suppress illicit shipments and bolster strategic postures.
MENTIONED IN THIS ARTICLE
Mhy
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