GOP Hints Policy Shift as Anti-Inflation Drive Proceeds
Senate Republican Policy Committee will study further anti inflation proposals early next month led by Sen Taft. The plan includes extending rent controls, regulating commodity trading, and curbing bank credit, as President Truman weighs signing the voluntary price stabilization bill. Debate over budget timing and Europe aid rues priorities for long term economic action.
MENTIONED IN THIS ARTICLE
Washington
Senate Republican Policy Committee
Taft
Ohio
Truman
Senate
GOP
Congress
Europe
Anglo Soviet trade pact linked grain and machinery
London reports a five year barter agreement signed in Moscow allowing Britain to receive over 500000 tons of coarse feed grains from Russia in 1947 harvest and to export transport machinery civil engineering equipment and heavy electrical gear including mobile plants. Russia's grain supply for later harvests not guaranteed. Talks to continue, next round in May 1948.
MENTIONED IN THIS ARTICLE
London
Moscow
Board of Trade
J. Harold Wilson
House of Commons
Britain
Russia
Permit to Sink Test Well in Barbour County Granted
Robert York trustee and Dr. Walter B. Jones state oil and gas supervisor announced a permit to sink a test well in Barbour county on December 27.
MENTIONED IN THIS ARTICLE
Mobile
Barbour County
Robert York
Walter B. Jones
Rent controls top Wolcott agenda as Congress reconvenes
House Banking Chairman Wolcott says continuation of rent controls expiring February 29 will have top priority when Congress reconvenes January 6. He sees little prospect for credit controls and urges inflation measures to be used by the President. Other committees plan a $5.6 million tax cut and new efforts to cut federal spending.
MENTIONED IN THIS ARTICLE
House Banking Committee
House Banking
Wolcott
R-Mich
Congress
Banking Committee
Knutson
R-Minn
House
Ways and Means
Taber
House Appropriations Committee
Goodyear Leads Postwar Rubber Boom With Record 1947 Output
P W Litchfield notes Goodyear and the rubber industry set multiple records in 1947. Passenger car, truck, and bus tires hit all time highs, with domestic demand pushing output to about 78 million passenger tires and 17 million truck and bus tires. Total rubber consumption neared 1.1 million long tons, far above 1946.
MENTIONED IN THIS ARTICLE
P. W. Litchfield
Goodyear Tire & Rubber Co
Ene Boed Il
Goodyear
Speculators Chase On in Government Market Probe
Senators Knowland Bridges and a House panel spearhead inquiries into wartime and relief era commodity trading. They seek names from Secretary Anderson and testimony from Edwin Pauley and other officials to determine if insiders abused tips or leaked information. Anderson released trader lists and urged checks across federal departments.
MENTIONED IN THIS ARTICLE
Edwin B. Harkinson
W.W. Gton
Knowland
R. Calif
Secretary of Agriculture
Anderson
Bridges
N.H
Senate
Eytions Committee
House
August H. Andresen
Minn
A.l
Senate Group
Robert E. Hannegan
Edwin W. Pauley
Pauley
Hawaii
Hannegan
Departments of ‘Agriculture, Commerce
State, National Defense
Treasury
Commission Houses
Shifts in Local Businesses Prompt Ownership Changes
The Moulton Advertiser reports three local business changes as year-end nears. Bud Young bought the Moulton Hatchery from Rupert Thrasher and will run the store at the same location with Norman Young and Henry Smith. The McCullough-Sanderson partnership dissolved as Ten nis Sanderson sold to Walker McCullough, involving a warehouse, three freight trucks, a motor truck franchise, and feed stock. A M Cleaners ownership reverted to Earl Aldridge who announced the transfer Thursday.
MENTIONED IN THIS ARTICLE
Moulton Advertiser
C. E
Bud) Young
Moulton Hatchery
Rupert Thrasher
Mr. Young
Norman Young
Henry Smith
Smith
McCullough-Sanderson
A and M Cleaners
Tennis Sanderson
Walker McCullough
Earl Aldridge
Company Delivers Solid showing in Keeping Prices Steady
The firm reported a good performance by holding down prices for its main products, signaling price stability and steady demand. Executives cited disciplined sourcing and efficient operations as drivers of the results.
Escapee Smothers Recaptured After Cabin Standoff
The gun thief Smothers, linked to robberies around Irondale and Birmingham, was arrested after a stint in a cabin and escape from Kilby prison. He faced federal and state charges and had prior convictions for robberies in 1941 and 1942. A young woman was also arrested near Trenton and jailed in Birmingham.
Ebenezer Baptist to Host New Year's Night Singing
Ebenezer Baptist church in Cullman county plans its annual New Year’s Eve singing. The event will feature several outstanding singers and quartets with invitations sent to all attendees.
MENTIONED IN THIS ARTICLE
Ebenezer Baptist Church
Cullman County
Business Transfer Sees Aldridge Interest Acquired
Roy Saint completed a purchase of the Aldridge interest, last summer. Miss Gertrude Aldridge will assume management of the shop.
MENTIONED IN THIS ARTICLE
Roy Saint
Aldridge
Gertrude Aldridge
Labor Peace Efforts Highlight Truman Advisory Panel
President Truman appointed a 12 member labor management group led by Benjamin F. Fairless to advise Ching on resolving disputes. The prior year saw near nationwide strikes as Western Union and AFL unions settled knotty issues via a fact finding panel. The panel includes leaders from U S Steel General Electric AFL CIO to help forestall production stops.
MENTIONED IN THIS ARTICLE
Ching
Western Union
AFL
Truman
Benjamin F. Fairless
U. S. Steel Corporation
Charles E.wilson
General Electric
William Green
Philip Murray
CIO
Henson in Custody on Larceny and Non‑Support Charges
James B Henson a 26 year old white man is jailed in Morgan county charged with grand larceny non support and failure to appear in court He was arrested Friday night at his home south of Hartselle by Sheriff C B Humphrey and deputies after being sought since November when he fled a grand larceny trial His wife had filed a non support warrant about three weeks earlier Bond had been posted after his first arrest but forfeited after his indictment and escape attempts.
MENTIONED IN THIS ARTICLE
Trenton
DeKalb
Smothers
U. S
Louise O. Charlton
Birmingham
Charles L
y.Jdasper
Ernest Skelton
Irondale
Billy Joe Hutchison
Hutchinson
Skelton
Hoepte
Pendley
van Buren
Ark
Kilby
Jefferson County
Myron Silverman
Pauline Crumbley Burgess
Morgan County
Henson
Hartselle
C. B. Humphrey
Kirkpatrick
Seliger Ipese
Tee
Ching Welcomes Veteran Leaders in Labor Management
Ching expressed hope that seasoned leaders from both management and labor can help the service improve industrial relations and promote better understanding in this field.
MENTIONED IN THIS ARTICLE
Ching
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Evinrude
Appliance CO
Second Ave
Peione
Turner
Coal & Grain CO
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Moulton ST
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Cairo
Chase
United Nations
Holy Land
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Costellos
Helene Costello
Robert Neeb, Jr
Dolores Costello Vruwink
Los Angeles
Helene
Leo Leblanc
Hollywood
Jores
Mr. Edmundson
Ebenezer
Don's Floor SeRvice
Don Williams
ITH Avenue
Culver
St. E
Jas. B. Henson
Ray Childs
4Th Ave
MR. Food Merchant
Frigidaire Sales Corp
Hussmann~Refrigeration Co.Inc
Floyd Harrison
7Th Ave
West Eeney
Flint Refrigeration Co
Ala
Aluminum
Copper
Wyker’s
Bank St
Hartselle, Alabama
Main Street
Hart
Selle
West Side
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Wesley Curry
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