Washington Decree Sways Congress on Price Controls
A wartime column discusses Republican plans to curb rising costs through price and wage controls if they win Congress in 1948. It notes talk of limited controls on essentials, possible wage hikes, and deep cuts to foreign aid to ease domestic strain. Also reports rising criminal tax prosecutions and a push to repeal the 15 percent federal transportation tax.
MENTIONED IN THIS ARTICLE
Congress
Truman
Washington
The
Treasury
Justice Department
Arverian Airlines
Cotton futures show firm tone as New York trading closes
New York cotton futures closed with modest gains amid weekend profit taking and buying by textile mills and commission houses. Government crop forecasts expected a drop of 100000 to 150000 bales from 1947 prospects, while New Orleans prices rose, spot gains supported by favorable Washington interpretations and short covering. Local spot middling quoted around 35.40 cents per pound with 2593 bales traded.
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New York
Commission House
New Orleans
Washington News
Oil Prospecting In Seoraia Carolina's Big Business Now
Oil prospecting is booming in Georgia and South Carolina as companies push deep wells to meet postwar petroleum demand. In Allendale county South Carolina, leases and drilling interest rise despite only dry wells so far. Gulf Coast and Southeast operators push for deeper targets, with Florida's Sunniland field showing early success and potential for deeper discoveries.
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Columbia
S. C
Nea
Georgia
South Carolina
Allendale County
Georg Awale
South Georgia
Mississippi
Alabama
Florida
Sunniland
Everglades
Miami
Willard Perry
Duke University
Geological Society of America
Deep search spans borders for missing transport crew
Officials fear 19 U S soldiers and an American woman aboard the missing transport may have perished in cold snow as search efforts along the French German border face doubts about earlier radio signals. The probe notes long, difficult digs may favor well funded exploration outfits from Pisa to Frankfurt.
MENTIONED IN THIS ARTICLE
Pisa
Italy
Frankfurt
U. S
Earier
Plane search fails to locate missing C 47 transport
A cooperative search by American, French and Swiss air forces covering from the Alps to the North Sea failed again to locate the U S Air Forces C 47 transport missing eight days with 20 persons aboard. The teams scoured possible crash zones and maritime approaches but found no trace, as authorities pressed onward with the deepening nightlong hunt.
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Frankfurt
Alps
North Sea
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