Price Prospects Tighten Cotton and Sheet Markets
A government crop forecast predicts a one third drop in cotton production as mills halt work clothes fabrics and denims sell out for Q3. Sheet prices rise, last month prices gained 2.5 percent, and yesterday a 5 percent hike was seen. Demand stays heavy to shelves, supporting the Federal Reserve Bank of Philadelphia view that prolonged Korean conflict could be inflationary and rapidly affect prices.
Carolinians Head to Polls in Major Primary
About 70,000 Negroes registered for the North Carolina primary. State Democratic Chairman William P Baskin predicted 400,000 would vote, far above the 337,000 1938 Senate race record. If no governor candidate wins a majority July 25 runoff possible. Byrnes faces Thomas H Pope Lester L Bates and Marcus A Stone. Also at stake are four of six U S House seats lieutenant governor attorney general secretary of state agriculture and most of the general assembly seats.
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William P. Baskin
Senate
Ellison D
Cotton Ed
Successful Insurance Company
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Reds Use Heavy Tanks North of Kum River Front
Allied air power pounded North Korean armor as U S and South Korean forces held a wide front near Taejon with tanks and vehicles reported in dire need of air cover. U S planners expect a major troop buildup as Egypt condemns invasion and Congress weighs force levels and funding for a larger Korean push.
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Kum River
Taejon
U. S
Truman Urges Senate to Restore 35 Million Aid Plan
President Truman pressed senate leaders to reinstate the full 35 million dollars he sought for the point four program aiding backward lands after a White House conference. Senator Alexander Smith said the senate appropriations committee will probably reconsider its cut. The article notes plankton as staple food for many fish.
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Washington
Truman
Senate
Alexander Smith
Rn.j
White House
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Brutal Fighting Haunts Hill Scene Amid Tank Recovery
A convoy on a Korean hillside endures an air attack and tank salvage amid grim battlefield aftermath. Soldiers describe enemy tank fire, a sniper wounded comrade, and dead North Korean troops as medics and stretcher crews move along the road.
Bradley reports on Korean crisis and Formosa troops
General Bradley warns of a potential Bataan moment in Korea if forces are not landed quickly. He notes no breakdown between army navy and air in the 100000 man increase and cites an initial $350 million cost at $3500 per man per year, with expectations for further military funding if Korea improves.
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Korea
Douglas MacArthur
Tydings
United Nations
Egypt
United Nations Security Council
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Security Council
U. N
Washington
Far
Pacific
Formosa
Bataan
Peurifoy Nominated Ambassador to Greece
Assistant Secretary of State John E. Peurifoy was nominated by President Truman to be ambassador to Greece and to head the American aid mission there. The White House gave no explanation for the reassignment of duties from his security and loyalty program role amid Senate attacks.
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Quake Toll In Colombia High
The report notes more than 600 left homeless as cleanup continues across affected towns. Dewitt and Beatrice brace for rising floodwaters with Beatrice forecast to crest at 25.5 feet on Thursday. Livestock moved to higher ground, with residents packing furnishings ahead of the flood reach. An amphibious army unit stands by for aid. Casualties include a family drowned near Fullerton and four members of the Bogner family found dead after their car was swept away.
MENTIONED IN THIS ARTICLE
Dewitt
Beatrice
Fullerton
Here
Ray Bogner
Hastings
Atrocities Reported and War Warnings Issued
Pfc. Arthur Allyn of Fort Meyer says he saw two bound soldiers with throat wounds at an aid station. General MacArthur warns North Koreans the atrocity killings will be punished and UN troops ordered to observe civilized warfare rules. South Korean commanders direct their troops. Britannica notes gypsies originated in India.
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Arthur Allyn
First St
Fort Meyer
MacArthur
United Nations
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