Korean War Strains New Peak US Economy
The Korean war brought new problems to a booming national economy. Banks report rising business loans to a high 13.66 billion dollars as inflation fears grow. Defense spending, government mobilization, and potential price controls loom, while industry faces shortages and wage shifts.
MENTIONED IN THIS ARTICLE
New York
Truman
Joseph H. Axelrod
Wamsutta Mills
New Bedford
Mass
New York Stock Exchange
Plastic Covers Removed From Superforts at Davis Monthan
At Davis Monthan Field Arizona the first B 29 Superfortress was unmasked from a plastic cocoon and revealed as not the Lucky 13 but the Gene Margie which has 400 hours of World War II combat Flying. A second plane was soon pulled from storage and about a dozen more were expected to be towed daily to the Grand Central Aircraft plant for modification.
MENTIONED IN THIS ARTICLE
Tucson
Ariz
Davis-Monthan Air Force
Grand Central Aircraft Co
Navy enlistment pace rises in early week totals
Washington July 15 Navy officials report about 2,100 recruits enlisted in the first four days of this week, versus 1,423 in the same period of June. The figures reflect an active recruitment period and underscore a strong intake for the month.
MENTIONED IN THIS ARTICLE
Washington
Navy
Whimsical Public Notes and Press Buzz From Town Pages
Walrus of media chatter references an abdication tale not as a true record, mentions Berle’s Sit Still My Soul, and notes Shakespeare Milton Broadway Main Street edge. Also announces Sugar Ray Robinson bout tickets at Plaza 7-looming and speculates about a newspaper sellout and film casting gossip.
MENTIONED IN THIS ARTICLE
Berle
Milton
Broadway
Main Street
Sugar Ray Robinson
Chas
Fusari
Runyon Fund
Plaza
Bill Shirer
Robert Best
Mario Cabre
Ava
Sinatra
Fined for Saying Goodnight to Cop in Park Traffic
Robert Accor, 21, paid a $13.50 fine for disorderly conduct after telling a policeman good night. Police Lt. Streeper recalled directing traffic at Willow Grove Park on July 4 when a car window yielded the remark, leading to a license number check and a summons. The piece also notes television tube sizes, 3 to 20 inches.
MENTIONED IN THIS ARTICLE
Fort Washington
Robert Accor
Alwyn Streeper
Streeper
Willow Grove Park
Accor
Justice of the Peace
James E. Staudinger
Egypt will not send troops to Korea says war minister
Mustafa Musrat Bey Egypt's Minister of War and Navy announced that Egypt will not deploy troops to Korea in response to the United Nations appeal. Egypt abstained in the United Nations Security Council vote on the intervention decision.
MENTIONED IN THIS ARTICLE
Alexandria
Egypt
Mustafa Musrat Bey
Korea
Trygve Lie
United Nations
Security Council
Stepped-Up Activity In Textiles Believed Normal
Prices climbed on the cotton textile market as the Korean war tightens supplies and mill bookings surge. Traders cite war demand and peacetime demand, with some mills extending orders into 1951. Wamsutta's Axelrod criticizes price hikes as impulsive amid rising raw material costs.
MENTIONED IN THIS ARTICLE
New York
Department of Agriculture
Joseph H. Axelrod
Wamsutta Mills
New Bedford
Mass
Axelrod
Wamsutta
New Seminary Planned to Open at Wake Forest in 1951
The executive committee of the board of trustees of the new South eastern Baptist Theological Seminary met in Ridgecrest to discuss tentative policies. The full board will convene in Atlanta on September 21 where the seminary president is expected to be named. About 12 men are under consideration for the presidency.
MENTIONED IN THIS ARTICLE
Truman
Washington
Maybank
Senate Banking Committee
Taft
Ohio
Senate Republican Policy Committee
Federal Reserve Board
Ford Motor Com
Ridgecrest
Southeastern Baptist Theological Seminary
Wake Forest
Atlanta
Also Mentioned on This Page
By Richard Fiske
Pany
Metuchen
N. J
St. Louis
High Point
Furniture Center
Member
Federal Deposit Insurance Corporation
National Association of Securities Dealers, Inc
Acme al Alloys
Alabama Mills
American Enka Corp
American Marietta Co
American Trust Co
Coin Stores, Inc
Creamery
Pkg Mfg Co
Dan Riv Mills
Wee
Dixie Home Stores
ITH
Douglas and Lomason
Drexel Furniture Co
DuMont Labs
Allen
Dun & Bradstreet, Inc
An Edison
Thomas
Ero Mfg Co
Erwin Cotton Mills
Foremst Dairies, Inc Co
Wewee
Garfinckel, Julius & Co.,, Inc
Garfinckel, Julius & Co Inc
Evesss
Garlock Packing Co
Gordon Foods, Inc
Hanks, P. H Knitting
Jeff Ltd
Life Ins Co
Kellogg Co
Kingsport Press
Eee
Life & Cas Ins Co
Tenn
Long Bell Lumber Co
Monumental Life Ins Co
Moore Handley
Mooresville Mills
Morganton Furniture Co
Ish Munising Wood Prod Co
Nat'l City Bank
Pilot
Full Fashion Mills
Potash Co of America
Pyramid Life Ins Co
Robertson
Rose’s
Rulane Gas Co
Seaboard
Seward
Sats
Southern Webb Mills Oe
Spindale Mills
Standard Stoker Co
Stonecutter Mills
Carlson Com
Strmbrg
Carlson
Mars
Talon, Inc
Taylor Foods
Tenn Gas
Coves
Texas Eastrn Trans
Textiles, Inc
Thiokol Corp
Eeee
Tidewater Power Co
Towmotor Corp
Victor Prod Corp
Wachovia Bank and Trust Co
Warner & Swasey Co
West Point Mfg Co
Winchell
S. Main St
N. C
L. J. Fisher
C. A. York
Siegler
Segier
Siegler Enamel Range CO. Dept. N. Centralia Ill
Glusmobile
Rocket
Oldsmobile
Hone
NEA
General Motors
Highland Motors, Inc
N. Main St
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