Government Can Use Farm Laws to Curb Price Rises
The government can cap prices for many food and farm goods without new authority by selling surplus at set or controlled prices. Wheat and non perishables could be priced near support levels plus costs, while perishables like butter and milk may be sold to prevent deterioration. Meat sugar wool and coffee lack government stocks, leaving room for price moves. Parity remains a legislative aim, with only five major products at parity mid June.
MENTIONED IN THIS ARTICLE
Washington
Senate Banking
Maybank
Uncle Sam
U. S
Optometrist Held In Slaying In Tuscaloosa Suburb
61 year old optometrist Dr. Page Reed is charged with murdering his wife Cleo McDowell Reed 32 with a shotgun blast at their Tuscaloosa home. Reed claims accidental discharge after burglars, his wife advised putting the gun away. They have a 7 year old daughter Linda. Reed denies the accusation and sits in county jail.
MENTIONED IN THIS ARTICLE
Tuscaloosa
Ala
P— A
Page Reed
Reed
Clevé
McDowell
Alberta City
Demopolis
Markets Farm Markets in Decatur
Cotton prices quote middling 36c and strict low 34c at Decatur markets. Cottonseed per ton 45 dollars. Broilers delivered 25c. Hens heavy 18c. Hatching eggs 80c per dot. Yellow corn ear 1.49 shelled 1.55. Corn basis 19 percent moisture. No 2 new wheat onion free 2.17. No 2 new oats onion free 67c. Other grains basis 13 44 percent moisture.
Wall Street Advances on Truman War Message Influence
The market opened rising then pulled back as Truman's war message was reviewed by congress. After midday buying resumed and the index climbed, with many stocks gaining around two dollars and some up to four. Leaders included Douglas Aircraft United Aircraft Republic Aviation U S Steel DuPont and Kennecott Copper.
MENTIONED IN THIS ARTICLE
New York
Truman
Congress
Douglas Aircraft
Lec United Aircraft
Republic Aviation
U. S. Steel
Republic Steel
Jones & McLaughlin
Consolidated Vultee
Glenn Martin
American Locomotive
Kennecott Copper
DuPont
Union Carbide
American Woolen
Markets at a Glance New York July 19
Markets at a Glance reports stock higher on July 19 with aircrafts strong. Bonds higher as rails continue advance. Cotton active with short covering. Chicago wheat firm with mill buying. corn and oats mixed. July futures show strength on short covering. Hogs steady to 25 cents lower, top 24.25. Cattle steady to 50 cents lower, top 32.00.
MENTIONED IN THIS ARTICLE
New York
Chicago
North Georgia live poultry market unsettled prices drift
Atlanta July market report shows strong trucking demand but resistance to dressed prices. Dressing plants report lower live poultry offers. supplies not burdensome with freer offerings noted. Prices paid FOB farm Tuesday afternoon and Wednesday morning ranged broilers and fryers 28.5 to 33.0 cents, mostly 31 to 32 cents.
MENTIONED IN THIS ARTICLE
Atlanta
Usda
North Georgia
Cotton futures rise on short covering after military spending plan
New York prices firm as investors cover shorts after the presidents congress message proposing 10 billion dollars for military spending. The census shows May 28 to July 1 cotton consumption at 841,227 bales, above expectations. Late quotes: Oct 37.36, Dec 37.31, March 37.24.
MENTIONED IN THIS ARTICLE
New York
Congress
Census Bureau
Nashville Livestock Market Report July 19
Nashville Tenn cattle and hogs market activity reported by Federal State Departments of Agriculture. Cattle steady with steers and heifers 23.00 to 28.00, cutters down to 19.00, cows 14.00 to 22.00, bulls 17.50 to 24.50, calves 22.00 to 30.00. Hogs 800 head, barrows and gilts steady to 25 lower, good to choice 13.80.
MENTIONED IN THIS ARTICLE
Nashville Livestock
Nashville
Tenn
Federal State Departments
Vol. Agriculture
Convict Faces New Charges In Prison Release Plot
Albert Melhman, a Kilby prisoner, faces a new indictment for taking 250 to influence the release of Marvin Marcus. Trial postponed until November as key witness Betty Koch fails to appear. Melhman already serves five years for defrauding a Birmingham woman of 5000 and once drew publicity for a lenient parole.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Kilby
Eugene Carter
Albert Melhman
Betty M. Koch
Bowling Green
Ohio
Mehlman
Marvin Marcus
Birmingham
Carter
Temple Seibels
Melhman
Marcus
Livestock Market Report Text Snapshot
Cattle weights 250 lbs at 23.50, 265-290 lbs at 22.50, over 300 lbs odd head 20.50-21.00. 140-170 lbs largely 21.50. Sows steady 17.00-18.50. Sheep 700 head steady. Good and choice springers 25.00-26.00. Common and medium 18.00-24.00. A few common to low good slaughter ewes 3.00-6.00.
Truman advocates broad defense buildup and UN action in Korea
The article notes President Truman urging continued defense spending, warning that future increases are needed to strengthen North Atlantic powers against Soviet communism. He ties Korea to UN efforts and urges Congress to lift legal limits on armed forces to allow substantial increases and mobilization.
MENTIONED IN THIS ARTICLE
North Atlantic
Europe
Truman
United Nations
Korea
Marshal Stalin
Moscow
Congress
Secretary of Defense
Hias
National Guard
Alabama Guard Ready to Fight If Korea War Expands
Alabama Adjutant General James S. Saliba says there is no sign of a mass resignations among the National Guard despite the Korean crisis. He notes the 31st Dixie division, including Alabama Guard, has long been classified as among first mobilized and that potential exits would have occurred earlier.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Alabama
James S. Saliba
Saliba
Dixie
Alabama Guard
Adjutant General
Truman outlines Korea crisis and need for armed forces
President Truman delivers a 5,500 word message detailing Korea events and reasons for U S fighting far abroad. He warns the international communist movement is ready to invade independent nations and calls for larger armed services and extra supplies, requiring extra appropriations.
MENTIONED IN THIS ARTICLE
Truman
Senate
House
Korea
United States
Rome
Tici Republic
Republic
Jehad
International Communist Movement
Truman proposes priority controls to defend nation
President Truman urges Congress to authorize material priorities and allocations for national security, curb non essential use, and empower requisition or seizure of defense needs. He calls for tighter credit controls, higher taxes, and review of programs to reduce defense material demand. He outlines a forthcoming tax program and production loan boosts to accelerate defense outputs.
MENTIONED IN THIS ARTICLE
Truman
Congress
Federal Housing Administration
Veterans Administration
National Guard and Reserves Put Under Call
Washington reports that about 2,500,000 members of the National Guard and armed services reserves are subject to call under the current policy. The statement outlines large manpower pools available for national defense and potential deployment.
MENTIONED IN THIS ARTICLE
Washington
National Guard and Armed Services Reserves
News correspondents cover convoy amid uncertain contact
Twenty news correspondents two radio men and six photographers accompanied the convoy. Several left when it became obvious there would be no immediate contact with the enemy. Some newsmen had expected the troops to land farther north to cut the North Korean army from its base of supplies.
Local notables share travels and family milestones
Mr and Mrs Herbert Bailey return from a trip to Panama City Florida. Birth announced of LeAnn to Mr and Mrs Jimmy Petit in Atlanta at Emory hospital. Families from Birmingham Atlanta Detroit and New York visit relatives in Cullman. Brewton high school post for T G Price. Coltharps attend Baptist World Alliance in Cleveland. Hartungs in Birmingham for a state pharmacy meeting.
MENTIONED IN THIS ARTICLE
Herbert Bailey
Panama City
Florida
Jimmy Petit
Jdyce Leeth
Atlanta
Emory Hospital
LeAnn
Wilbur A. Green
Dinsmore Green
Green
Birmingham
Dent Green
W. A. Green
S. H. Green
O. G. Gilbert, Jr
Detroit
O. G. Gilbert
New York
W. S. Leeth
Ann
Tudsay
T. D. Beatty
Iowa
T. G. Price
Brewton
Price
Andrew Coltharp
Baptist World’s Alliance
Cleveland
Ohio
P. G. Hartung
Hartung
State Board
Allied Assaults Keep Pressure Around Taejon
U S and South Korean forces reported gains around Taejon with infantry patrols probing enemy positions while North Koreans halted after crossing the Kum River. Allied air strikes damaged tanks and trucks, hit bridges, and disrupted Red supply lines as carrier planes supported operations near Pohang and Wonsan.
MENTIONED IN THIS ARTICLE
Kum
MacArthur
Taejon
Tokyo
U. S
Yethon
Eighth Division
Far East
Pohang
Korea
Pyongyang
Navy
Wonsan
United States Advances Pin Point Rocket Missile Aiming
An expert states flight effects anchor a program aiming for precise rocket missile accuracy. The goal is to reduce the error radius from ten miles to five miles compared with German records. The discussion notes large fuel and oxidizer quantities needed for each launch, including thousands of gallons of fuel per filling.
MENTIONED IN THIS ARTICLE
United States
Mrs Anna Pannell Claimed By Death
Funeral services for Anna Pannell 83 were held today at 3 p.m. at Valhermosa Spring church with Rev Silasord officiating. Interment followed in the adjoining cemetery Peck directing. She died Tuesday night at the home of her nephew Andy Winton Somerville after a long illness. Survived by six nephews Omer Elders Clifford Elders John Elders and Madron Elders plus two nieces Peast Murphy and Lula Fields.
MENTIONED IN THIS ARTICLE
Anna Pannell
Valhermosa Spring Tian Church
Silasord
Also Mentioned on This Page
Lawrence County
Morgan County
Bain
Ings
Helmstedt
Germany
Standard Oil
N.J
Gulf Oil
Texas Co
Kaiser- Frazer
Piper Aircraft
Rotary Electric Steel
Standard Power & Light
Waltham Watch
Technicolor
Great Northern Paper
Fairchild Engine
Electric Bond & Shares
Creole Petroleum
Brown Rubber
Ameri
Aluminum
Board of Trade Toay
Decatur
Wall Street
Juanita Mullins
Fort Worth, Tex
U. S. Army
Leicester
England
Remale
Hugh Carlisle Speakman
Percy Sharp
Decatura
Defense Johnson
Army
Air National Guard
Guard
Otis Jeffries
A. H. Barnett
Florence
WMS
Austinville Baptist Church
H. R. Leeman
Bible School
Martha Jean Linderman
Alan Linderman
Decature
Sycamore Street
Harold Damsgard
Kansas City
John Damsgard
Grants Store
J. M. Haire
Memphis
Becky
North Korea
South Korea
N San
Yechon
Cullman News
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