30 Dec 1948
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 30, 1948
Page
1
Washington reports the agricultural parity ratio fell to 109 in mid December the lowest since September 1942. The index shows prices farmers receive for salable goods dropped while buying costs and taxes remain factors. The December figure marks a one point decline from November and a 24 point drop from the 1946 peak.
Batavia Java December 30 The Dutch report the seizure of the Diambi oil fields in southern Sumatra the last major area controlled by the Indonesian republic The communique notes minimal damage and few fires from rebel tactics The capture of Daanjaja chief of staff of the Republican Silwangi division is cited as aiding guerrilla infiltration efforts The action aims to partition Republican forces before cease fire orders take effect in Java and Sumatra
President Truman seeks standby controls only if needed to avoid tight rationing. Advisors say the next year could pass with no new home front curbs despite large foreign aid and rearmament. Defense needs and steel demand could change the balance, risking broader rationing if supplies tighten.
Tremors continued in Reno and nearby towns after a powerful earthquake shook north central California. University of Nevada seismologist Vincent P. Gianella warned of more quakes possibly heavy, noting a surface crack near Verdi 10 miles west of Reno. Verdi suffered broken windows, toppled chimneys, and plaster damage as lines fell but underground service remained.
In Madrid dated December 2320 14 the beautiful Duchess of Valencia was found guilty of high treason for monarchist activities and sentenced to one year in prison. A monarchist ally, Jose Pardo Balmonte, received ten months. Two army officers arrested with them face later court martial.
Nanking reports a government spokesman denied Chiang Kai-Shek called a council of his lieutenants. Shen Chang-Chuan said military leaders came for consultations rather than a conference, interpreted as individual meetings with Chiang. Chinese expect his first of the year statement for clues.
Mrs Mary Vail Cameron sues Bruce B Cameron for divorce on grounds of bed and board seeking alimony custody of two children and legal fees. She claims coercion over a separation agreement and mentions threats to her reputation. Cameron described as Wilmington millionaire with substantial Wilmington business holdings.
Forrestal presses for greater presidential authority over the services and urges backing to rearm non Communist Europe. He notes the U.S. is less vulnerable since unification but warns of possible hard choices at home, including taxes, as funds flow to strengthen Europe against Russian aggression. His annual report surveys the military and proposes changes to the unification law.
Governor Cherry commuted Wright M. Jones from death to life imprisonment for the wife murder in High Point. Jury recommendations cited long term drug addiction and prior hospital treatment at Dix Hill as grounds for clemency.
Forty members of the new General Assembly were guests of the Cumberland delegation on a yacht trip today on the Cape Fear river. The group discussed proposed legislation affecting southeastern North Carolina with emphasis on port development. W. Huske of Fayetteville, a member of the State Ports Authority, was among the hosts.
Democratic leaders study a discharge petition plan to bypass the House rules committee enabling quick action on bills. They seek Rayburn's support while eyeing a move to bar Rankin from the un American activities committee, with Rankin vowing to fight.
Time magazine selects President Harry S Truman as Man of the Year for 1948 marking his second such honor. Time notes his personal victory in the 1948 election and his pivotal role in the wartime decision to use the atomic bomb.
A House small business committee report cites witnesses alleging three firms control 86 percent of U S cigarette sales. The firms American Tobacco Co with Lucky Strike Liggett and Myers with Chesterfield and R J Reynolds with Camel. The panel urges FTC study on divestiture and supports a value based percentage tax over flat rates to curb price competition.
DEWETT MACKENZIE argues the Netherlands seeks to convert its empire into a commonwealth of free states under a projected United States of Indonesia. He notes UN demands for a ceasefire in Java and Sumatra and questions motives behind Dutch actions as imperial days fade and self-determination grows. Prime Minister Drees plans to travel to Indonesia to push negotiations for an interim government and federation.
In Aulander North Carolina robbers used a stolen wrecking truck with a derrick to break into the Bank of Aulander and lift out about $35,000 from a vault, while a nearby resident heard a rumbling at about 8 am and police and the FBI investigated. The bank is a branch of the Bank of Ahoskie and the vault reportedly held about $85,000.
Washington outlines a multi billion dollar program for military and economic aid to Greece Turkey and Western European nations including Britain France Belgium the Netherlands Luxembourg and China. The plan aims to combine military and economic aid under a unified policy with goals to support Europe against Russia and extend the Marshall Plan into a second year.
New York December 30 A year end rally continued into the second day with fractional to point gains on many names. The market shifted unevenly with some issues flat or down as tax selling eased and buyers showed broad interest. Gainers included U Steel Chrysler Firestone Sears Roebuck Caterpillar Douglas Pepsi General Utilities American Smelting Westinghouse Allied Chemical Philip Morris Southern Pacific Standard Oil Nickel Plate Norfolk Western Transcontinental Western Air and Consolidated Natural Gas. Losers included Bethlehem Steel Consolidated Edison General Electric and American Tobacco.
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