Costello Protests Use Of Wiretap Recordings
Frank Costello, appearing before a senate crime probe, defended using wiretap transcriptions while denying legal overreach. He faced perjury threats over answers and questioned his finances and leadership of underworld operations, in a New York hearing room crowded with cameras and officials.
MENTIONED IN THIS ARTICLE
Costello
New York
Frank Costello
Senate
Herbert R. O'Conoe
Dmd
Charles Tobey
RN HH
Tobey
Senate Committee
Overlord
Mittee
Rudolph Halley
Aan
National Crime
Anctors
Sos Psi
Beverly eea _— wight
New
Joe Adonis
Kefauver Crime Committee
Frank Erickson
Harold In
Buying Eases Market Loss
The New York stock market opened lower but trading support halted the early decline. The index extended losses to over a dollar but buying activity soon steadied the market and even reversed some losses. Notable losers included Union Pacific, Nickel Plate, Gulf Oil, Paramount Pictures, Mott Copper, Homestake Mining, American Dynamite, General Electric, International Paper, Sears, Boeing, and Douglas Aircraft. Gains appeared in Zenith Radio, Radio Corp., Chrysler, International Telephone, American Woolen, and Missouri Pacific preferred.
MENTIONED IN THIS ARTICLE
New York
Union Pacific
Nickel Plate
Gulf Oil
Paramount Pictures
Mott Copper
Homestake Mining
American Dynamid
General Electric
International Paper
Sears
Boeing
Douglas Aircraft
Zenith Radio
Radio Corp
Chrysler
International Telephone
American Woolen
Missouri Pacific
Patrols Enter Seoul as Red Withdrawal Presses On
Five United Nations patrols from the Republic of Korea entered Seoul, raising the flag with ROK First Division troops. An army spokesman said no opposition was met and a lapse before further details. Gen Park Sun Yup voiced relief at the city’s return to control amid ongoing front withdrawals.
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U. S. Eighth Army
Korea
United Nations
Seoul
Eighth Army
Republic of Korea
Seoul City
Park Sun Yup
ROK
Associated Press
Jim Becker
Matthew B. Ridgway
U. S. First Cavalry
Fyoney
Red
Tokyo
Yudong
Soksa
Big Business to Oppose Gov Labor Compromise
Washington with industry leaders opposing the government labor compromise for a revised wage stabilization board. Government plans include mobilization measures while unions withdraw from mobilization agencies. Industry fears a tri partite board could curb wage decisions and trigger more strikes.
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Big Business
Gov’'t Labor
Washington
Aevice
National Association | Manmenotarers
Commerce
Pacipens
Commerce Department
Eric Johnston
Truman
Sakae Ioe
Chamber of Commerce
Johnston
Prdgram
United Labor Policy Committee
AFL
CIO
Wage Board
McCarthy Urges Rapid Arms Build-Up to Counter Soviet Threat
Senator Joseph McCarthy warned that the United States must help Western Europe and Nationalist China against Communist forces and argued the Soviets could be deterred only if guided missiles and stronger air defenses were ready. He condemned Truman’s policies, blamed Acheson and Lattimore for failings, and said limited time remains to reman Western Europe before Soviet forces strike.
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Washington
McCarthy
R-Wis
United States
Wisconsin
China
Germany
Senate
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Korea
Ote D. Eisenhower
PeicCarthy
Russia
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Cer
North Atlantic Defense Force
Douglas
MacArthur
Ike
Pacific
Seventh Fleet
U. S. Army
Acheson
Owen Lattimore
Far East
Lattimore
Western Europe
Eisenhower
Western
Spain
Dud Bomb Found Near MacArthur's Office
A World War II era aerial bomb was uncovered today within 100 yards of General MacArthur's office area. It was the second bomb found in the same vicinity as workers building a hotel and an office building reported the site.
MENTIONED IN THIS ARTICLE
General MacArthur
Dapper Bandit Strikes Jewelry Store Again in New York
A suede-gloved thief returned to Schlumberger on the East Side and robbed the shop of gems. In the Feb 16 visit he took 40,000 in stones after a 45 minute search. Yesterday he entered unannounced and grabbed 160,000 in gems plus 55,000 from a customer, leaving other valuables untouched.
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New York
Schlumberger
East Side
Tie Store
Marchioness de Montferrier
Browder Freed as Court Clears Contempt Charge
Federal Judge F Dickinson Letts acquits Earl Browder of contempt of Congress after ruling the Senate Foreign Relations subcommittee failed to compel answers. Browder, once a leading Communist, walked free, ending a trial that could have sent him to jail. The judge found no proven obstruction or overruled objections by Browder.
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Washington
F. Dickinson Letts
Earl Browder
Browder
Senate Foreign Relations Subcommittee
Letts
Gene
Wintharce
Ueso Allegcomteees
McCarthy
Tydings
Hoey Reopens Hearings On Influence Peddlers
Senator Hoey bids anew at influence peddling in defense contracts as his senate expenditures committee questions officials from the General Services Administration and the munitions board. The inquiry recalls the 1949 five percenter probe that led to convictions and resignations, including Gen. Alden H. Waitt.
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Ee Ton
Ee Se
Hoey
John F. Washington
White House
Harry H. Vaughan
Bent Truman
Army
Vaughan
Army Chemical Corps
Senate Expenditures Committee
Jess Larson
General Services Administration
H. K. Clark
Munitions Board
Defense Purchasing
Navy
Air Force
Last Minute Talks Try To Avert Textile Walkouts
Negotiations continued across several mills as unions and management sought a nationwide textile workers strike set to begin at midnight. A 12 percent general raise with cost of living escalator was discussed, while Dan River Mills and Erwin Mills showed limited progress and strike votes loomed at several plants.
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Associated Press
Carolinas
Boyd E. Payton
Upper South
CIO Textile Workers Union
Payton
Dan River
Danville
Nho
Erwin Mills
Durham
West Durham
Erwin
Draper Wood
Mecklenburg County
Marshall Field,and Co
Spray
Leaksville
Cone Mills
Greensboro
Lumberton
Caledonia Mills
Tax returns face closer checks for high incomes
Washington reports that about 1 in 12 individual returns in the under 25 000 bracket will be examined to ensure proper payment while those over 25 000 face higher odds. Public policy details disclosed to the House Appropriations Committee show audit rates by income and the plan to audit big bracket returns biennially. All returns are scanned for mathematical errors.
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Gambier
U. S&s. Treasury Department
Costello
Estes Kefauver
Washington
Federal
Internal Revenue Bureau
House Appropriations Committee
Treasury
G., J. Schoeneman
Senator Vandenberg in serious condition in Grand Rapids
Senator Arthur H. Vandenberg, 66, is reported weakening rapidly in Grand Rapids as his physicians say his condition continues to worsen after a relapse on February 26. The Republican foreign policy leader remains in critical care amid ongoing efforts to stabilize his health.
MENTIONED IN THIS ARTICLE
Grand Rapids, Mich
Mar
Arthur H. Vandenberg
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