Looking Ahead to Short-Term Economic Outlook in 1948
A New York Washington sourced forecast expects brisk apparel retail sales to rise past Easter levels, with consumer take-home pay high and certain buyers groups easing. Steel and oil profits may vary, shortages fade, and steel allocations dwindle before September. Wages may edge toward a 35-hour week as production stabilizes. atomic bomb talk comes amid congressional chatter on deterring aggression, amid fears of another Pearl Harbor.
MENTIONED IN THIS ARTICLE
New York
Washington
Commerce Department
Soviet Bloc
Federal Reserve Board
AFL
Congress
Truman
Democracy
Russia
Truman faces Wallgren defeat on competence test
Washington reports the possibility that President Truman may withdraw his nomination of Mon C Wallgren to head the National Security Resources Board. It would mark the first time a major presidential pick was rejected on competence grounds.
MENTIONED IN THIS ARTICLE
Washington
Truman
Mon C
Wallgren
National Security Resources Board
Truman advisers weigh trips aboard presidential yacht
Washington report says several advisers want President Truman to convene a bipartisan gathering on the presidential yacht. National Democratic chairman Senator J Howard McGrath proposed a series of Potomac cruises inviting 50 to 100 Senators and Representatives for a few hours each to discuss Congress.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
J. Howard McGrath
Washing walls wrist care tip for cleanup
When washing walls do not let water run down your arm. Wrap a three inch strip of absorbent cotton around the wrist and secure with rubber bands to keep the water away while cleaning.
Stock Market Ends Month On High Note In Mixed Session
New York stocks closed at the month's high on a light Saturday session with 380,000 shares traded. Sinclair Oil climbed to 237 8 after news a Sinclair subsidiary found a wildcat well in west Texas, while Richfield Oil set a new yearly peak and Standard Oil New Jersey, Pacific Western Oil, Atlantic Refining and Texas Co. saw gains.
MENTIONED IN THIS ARTICLE
New York
Sinclair Oil
Sinclair
West Texas
Richfield Oil
Standard Oil
Pacific Western Oil
Atlantic Refiring and
Texas Co
Alabama Pays Attention to Salt Dome Near Mobile
Washington reports a glowing Bureau of Mines finding on a McIntosh salt dome 40 miles north of Mobile. Rep. Frank Boykin says the land is owned by Washington Lumber and Turain company and chemical firms eye refinery sites. The study notes potential oil gas gypsum and abundant limestone and water and predicts Mobile could become a major chemical industry hub with ample coal and fuel nearby.
MENTIONED IN THIS ARTICLE
Bureau of Mines
McIntosh
Mobile
Frank Bartin
Washington Lumber and Turaentine Company
Boykin
Alabama
Houston
Baykin
James Bord
Gulf Coast
Tombigbee
Movile
Stewart J. Lloyd
Birmingham
U. S. Geological Survey
Coosa
Cahaba Basin
Warrior and Plateau
Cnclares
Labama
U. S. Department of Commerce
South
Market Ticker Advances Mostly Mixed In Small Week
Of the 713 issues on the ticker tape 342 advanced and 180 declined. The market’s weekly performance was unimpressive with selective demand where one group or issue gained then another. The AP average rose only slightly as the week’s overall gain was small.
Also Mentioned on This Page
Truman-Wallgren
Capital Briefs
Navy
Air Force
Civil Aeronautics Board
Southern Pacific
Southern Railway
U. S. Steel
Republic Steel
Chrysler
Sears Roebud
Montgomery Ward
Caterpillar Tractor
Glenn Martin
Pepsi-Cia
Reynolds Metals
Kennecott Cooper
Johns Manville
Philip Morris
American Woolen
United Air Lines
Consolidated Natural Gas
Packard
International Harvester
Columbia Gas
Commonwealth Edison
Dow Chemical
Westing
Kasia
Kem Gess
Fftsiee
Kemglo
Kem-Glo
Sherwin-Williams Paints
N. Foster
Mang
Baihe Ba
Pai
Kom-Tene Trae
Ove
Wilbur Jennings
Bort
Jefferson
Shelby
Bureau of Mins Snow
Kimball
Pian
Strickland
Foster
Johns-Manville
Jackson
Just
Carload
Chapman
S. Oates Bi
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