Washington Inertia Threatens Economic Recovery
Babson warns business activity in March is the worst in three years, 28 percent below a year ago, with four million job losses and $100 million weekly payroll cuts. Retail sales slump despite bargains, dividends cut, and consumer purchasing power down from 1937 peaks. The era, labeled a recession, may force revision of the yearly forecast as early indicators point to a continued downturn.
MENTIONED IN THIS ARTICLE
Roger W. Babson
Babson Park
Fla
Washington
No Trump Slam Attempt and Safe Six Spade Contract
The article reviews a duplicate bridge hand where Sidney Cohn and Barney McGovern found a safe six spades contract amid a trend toward no trump bids for top match point scores. South opens one diamond, North forces. East leads a trump, and after a sequence involving ruffs and discards, the path to a no trump slam proves elusive for others.
MENTIONED IN THIS ARTICLE
Sidney Cohn
Barney McGovern
South
North
West
East
Five Suit Contract Introduced in Vienna for Royal Contract
Vienna scientist Dr Walther Marseille introduces a fifth suit named green in Austria and royal contract in England. The 65 card deck, 18 cards per suit plus a face card, features unique scoring with 120 points for game and bonuses up to 2000 for super slams. The declarer may use the central face card in hand or dummy, and bidding starts at nine. King George and Queen Elizabeth studied the new game at an industry exhibition.
MENTIONED IN THIS ARTICLE
Vienna
England
Walther Marseilles
Austria
George
Queen Elizabeth
Duke of Kent
Recession Outlook and Call to Action for Spring
A financial commentary warns of a fragile recovery as Washington dithers over housing and farm acts. It cites rising costs, tax burdens, and uncertain policy as dampeners while urging protests to end business persecution and urging confidence for a spring rebound.
MENTIONED IN THIS ARTICLE
Nero
Congress
Business Slips as Spring Approaches Amid Stalled Growth
The Nation's business shows a timid upturn with steel inches higher to 32.1 percent capacity, motor output up slightly, and electric power down. The Associated Press index sits at 68.4, retail and wholesale trade lag last year, and Easter and weather hinder relief. Freight carloadings rise 0.7 percent but rail revenues plunge.
MENTIONED IN THIS ARTICLE
Thomas E. Flanagan
Washington
Associated Press
Commerce Department
American Iron and Steel Institute
Interstate Commerce Commission
Iron Age
BC Pain Relief Ad Showcases Quick Acting Formula
A brief ad notes headaches and backaches from functional pains. It promotes the BC formula with quick acting ingredients and encourages trying BC, appealing to many women. Sizes priced at 10¢ and 25¢.
Camel smokers booster quotes from tobacco growers
Tobacco planters including Harry C. King Tom Middleton and J. E. Jenkins praise Camel cigarettes. They say Camel buys top grades and finer, more expensive tobaccos, supporting premiums paid for their best leaf and a preference among growers and smokers alike. Copyright 1947 R. J. Reynolds Tobacco Company.
MENTIONED IN THIS ARTICLE
Harry C. King
Thomas Middleton
James
Tom Middleton
J. E. Jenkins
Also Mentioned on This Page
Babson
McKenney
William EF. McKenney
American Contract Bridge League
West Pass
N.T
Fast
New York
M'Kenney
Scsveccers Joneueae
Ieee
Rockefellers
White House
Detroit
Word Motor
Ward
Association of American Railroads
Association
Ben E. Wilbur
America
Columbia OK
Shaw
Cathleen
Wilbur
Mrs. Shaw
Checkers
Ey Tae
Rieter
PAK OM Vtl P
Mr. Shaw
North Carolina
the Realit Ad PT
Portland Cement Association State Planters Bank Bidg
Richmond, Va
Tobare Company
Winsie-aalem
North Carcten
Ben
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