Federal Reserve Cuts Private Credit as War Economy Grows
The Federal Reserve orders banks to freeze 2 billion dollars, curbing potential loan expansion by 12 billion as ESA opens 13 regional offices to manage price and wage problems. NPA moves to make rubber a government controlled import and distribution, signaling broader wartime economic control.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Agai
Economic Stabilization Agency
ESA
Ao Tamed Production Authority
NPA
U.S
NPR
Ao T
Doctors Must Register Soon for Draft Jan. 15
Washington dispatch notes virtually all physicians dentists and veterinarians under 50 who are not registered must sign up January 15. Draft officials estimate about 13 000 doctors will be needed to staff a 3 500 000 person military setup. Four priority groups determine call order with most likely in first group including World War II trainees and those who served briefly.
MENTIONED IN THIS ARTICLE
Washington
Lewis B. Hershey
Aeal
Richard L. Meiling
Defense Department
Meiling
Fortune-Teller Charged in Baby Kidnaping Case
Odessa Texas December kidnapping case targets Mary Stanley and alleged accomplice James Stanley a fortune-teller described as gypsy who took two month old Eleser from Beatrice Yvers claiming Red Cross affiliation. Mother feared medical care as sheriff pursues felony theft linked to the suspect townwide.
MENTIONED IN THIS ARTICLE
Odessa
Tex
Dee
Red Cross
Ernest Broughton
Mary Stanley
James
Beatrice Yvers
Eleser
Stanley
Auto makers prepare to cut back output in new year
Detroit reports auto industry moves to curb production as national emergency demands trim output and threaten layoffs. Major firms General Motors Packard Ford and Studebaker announce reductions with Linden New Jersey and Metuchen New Jersey plants idling thousands of workers.
MENTIONED IN THIS ARTICLE
Detroit
Tee
General Motors
Packard
Ford
Studebaker
Linden
M. J
Oeprocat Co
Ford Motor Co
Lincoln- Mercury
Metuchen
N. J
Binkley Declines Seminary Presidency in Wake Forest
Dr Olin T Binkley, who accepted the post on December 7, declined the presidency of the Southeastern Baptist Theological Seminary at Wake Forest due to ill health He will remain as a professor at Southern Theological Seminary in Louisville The opening date for the seminary remains September 1 1951 and the board will seek another president
MENTIONED IN THIS ARTICLE
Charlotte
Southern Baptist Convention
New Southeastern Baptist Theological Seminary
Wake Forest
Olin T. Binkley
Casper C. Warren
Binkley
Southern Theological Seminary At
Louisville
Special Baptist Convention
Warren
Final Split On Jap Pact Inevitable
Washington dispatch reports that a final split between the United States and Russia over drafting a Japanese peace treaty seems almost certain. Key points include U S rejection of a veto by any great power, proceeding without Communist China, Japan’s participation in defense arrangements, and Formosa status under Cairo terms.
MENTIONED IN THIS ARTICLE
Washington
Russia
United States
Soviet Union
China
Japan
Peiping
United
Mandins
Cairo
Formosa
Soldier Fights Frostbite From Korea Battle
Pvt. Hubert E. Reeves, 19, near freezing wounds in North Korea, suffers frostbitten hands and feet. Army doctors at Percy Jones Hospital in Michigan try penicillin and cautious treatment to avoid amputation. His mother Wanetta Reeves, Joliet, Illinois, says the lad would give up his limbs to return from the front, while Lt. Howard Hewitt notes recovery may take weeks and may require further decisions.
MENTIONED IN THIS ARTICLE
Battle Creek
Mich
Hubert E. Reeves
North Korea
Percy Jones Hospital
Hubert
Korea
Wanetta Reeves
Joliet
Howard Hewitt
Army Medical Corps
President Truman Heads Friday Yacht Cruise for State of the Union
President Truman sails for a weekend yacht cruise to work on his state of the union message. He said at a news conference he will deliver the speech in person to the new congress on January 8 if he can finish it. The trip is one of three major messages planned for the opening days of the 82nd Congress.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
82Nd Congress
State Thaws Out Following Ice Storm in Carolinas
Warm air from the Gulf Coast eased ice conditions across the Carolinas as temperatures rose, allowing some thawing on streets. Airports and airlines report runways iced but service resuming. buses and certain schedules in operation with delays possible.
MENTIONED IN THIS ARTICLE
Charlotte
Gulf Coast
Carolinas
Seema & Sohnes
Greenville
S. C
Cape Hatteras
Mt. Mitchell
Duke Power
Eastern Airlines
Greensboro
Winston-Salem
Raleigh-Durham
Piedmont
Capital Airlines
Stock Market In Decline Today
New York stock market slipped after hitting a 20 year high on Thursday with a broad pullback in trading. Losses were modest, mostly under a dollar, while Missouri Pacific preferred rose about four to five dollars amid speculative interest. Standard Oil of California advanced on news of a proposed stock split. Several large issues including Bethlehem Steel Chrysler Douglas Aircraft Philco Du Pont General Electric American Woolen New York Central Southern Pacific Trans World Air and United Air Lines declined.
MENTIONED IN THIS ARTICLE
New York
Missouri Pacific
Standard Oil
California
Bethlehem Steel
Chrysler
Douglas Aircraft
Philco
du Pont General Electric
American Woolen
N. Y. Central
Southern Pacific
Trans World Air
United Air Lines
Japan as a wartime ally in Korea analysis
Relman Morin argues Japan could be America’s most effective ally in the Korean conflict. He cites Japanese willingness to volunteer, broad public support, and tied political and economic interests as reasons for close cooperation and a path to normal trade and UN participation.
MENTIONED IN THIS ARTICLE
New York
Japan
Tokyo
Gisan
United States
Electronic Brain Tracks Planet Orbits in Detail
An electronic brain the size of a house calculated exact orbits for Jupiter Saturn Uranus Neptune and Pluto. In four weeks it corrected planetary positions since 1653 and projected them to 2060, aiding navigation weather tides and motion laws. Reported by Dr W J Eckert and Dr Dirk Brouer of Yale Observatory.
MENTIONED IN THIS ARTICLE
Howard W. Blakesler
Associated Press
Haverford
American Astronomical Society
Jupiter
Saturn
Uranus
Neptune
Pluto
W. J. Eckert
Pure Science
International Business Machine Corporation
Dirk Brouer
Yale Observatory
China Seizes U S Property After Retaliation Move
Hong Kong report says Communist China seized all U S property and froze deposits in retaliation for U S actions on December 16. Chou En Lai announced the move and ordered local governments to inventory American assets with restricted transfers. Most U S property dates from 1949 takeover. total value seen well under 100 million dollars.
MENTIONED IN THIS ARTICLE
Hong Kong
China
United States
U. S
Chou En-lai
Commerce Department
Washington
Chou
Financial and Economic Commission of the
State Council
Thee's Republic
Communists Drive UN Forces Back Ten Miles In East
In the eastern Korean front, massed Communist forces push UN units back up to 10 miles with skirmishes along the line. General Ridgway and General MacArthur report continued heavy fighting, with Chinese and North Korean troops active across multiple sectors and 1.35 million Reds poised for action.
MENTIONED IN THIS ARTICLE
Tokyo
United Nations
Matthew B. Ridgway
U. S. Eighth Army
Korea
MacArthur
Oran
Sea of Japan
Yongpo
Oron
Imjin
Yonchon
Chunchon
38Th Parallel
Manchuria
U. N
U.N
U. S
8Th Army
Ridgway
Eighth Army
Red
Pyongyang
Kangwon
People’s
No Exemption For Newly-Wed Draftees
Winston Salem dispatch reports that seven draft registrants who marry after being ordered for physicals will not receive exemption. They will be examined in order and inducted regardless of marriage, per national and state selective service headquarters. This marks a major relaxation of prior rules barring married men from service.
MENTIONED IN THIS ARTICLE
Winston-Salem
Pérsyth County
National
State
Selective Service Headquarters
Senator Wiley Urges U S to Aid Anti Communist Guerrillas
Senator Wiley calls for arming sabotage materials and money to underground groups in Russia and satellite states. He says a world wide revolutionary movement modeled on Cominform could provoke stronger Soviet tactics. He proposes a board of revolutionary strategy to guide guerrilla actions and strain U S policy to counter communism.
MENTIONED IN THIS ARTICLE
Edwin B. — Ashington
Wiley Thie
United States
Visi
Russia
Wiley
Senate Foreign Relations Committee
America
China
Congress
Wisconsin
Communist International
Truman
Formosa
Iron Curtain
State Teement
Cen Jaeiguese Agency
Joint Chiefs of Staff
Voice of America
Crackles of the Road Edge Phrase Ends In Ruled Line
The fragment presents famous last words about a yellow line in the road, noting it as a misinterpreted or incomplete statement. It hints at a broader quotation or cultural reference without full context.
Californian Crowned As Champion Liar of Year
A Californian, Frank J. Gourette of Los Angeles, was named World’s Champion Liar of 1950 by the Burlington Liars' Club in Wisconsin. He won for a tale about a pile driver burial in North Dakota, amid a field of entries from across the nation and abroad. The judging also gave honorable mention to Joseph Flynn of Cleveland for a railroad sidetrack story involving canaries and a stalled highball.
MENTIONED IN THIS ARTICLE
Burlington
Wis
Liars’ Club
Frank J. Gourette
Fortola Ave
Los Angeles
North Dakota
Joseph Flynn
Clinton Ave
Cleveland
Also Mentioned on This Page
Ape
Hun
Gen. Ridgway
Federal Reserve
South Korea
James J. Metcalfe
Moscow
President
The
U.S. Weather Bureau
Georgia
Pennsylvania
Relman Morin
Morin
By Belman Morin
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