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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 22, 1944
Page
2
A survey cites wages up 71 percent linked to local and foreign instability. It notes cumulative foreign losses through 1940 totaling thirteen billion four hundred million dollars, while investments and income payments reached twenty three billion seven hundred million, yielding a net profit of three hundred million on these transactions.
After the armistice the article suggests corporate and individual savings could reach twenty seven billion dollars annually. It notes the surplus may not be usable domestically and foresees nest eggs being invested overseas where returns on capital are higher. The piece argues foreign trade is a two way street with exports balanced by imports.
The piece argues lower tariffs are needed and cites Westinghouse as an example of exporting while maintaining influence abroad. It notes practical and moral limits on free trade, including a department store seeking Mexican goods, a Latin American supplier’s profit-driven spree, and the resistance from foreign and domestic interests to wider imports. It also discusses oil investments, a South American expropriation, and wartime reparations affecting postwar trade.
Southern senators will be asked to order an economic survey of Atlantic Florida ports. The Atlantic-Florida ports conference meets to plan steps to boost southern port business with senators Maybanks Pepper George and Bailey expected to join a session.
Labor wage increases during wartime show a 16 percent general rise for factory workers since 1941 with broader net earnings up 31 percent for nondependents and 19 percent for war purchases. Incentive pay and overtime shape the total, while government wage rules limited gains to 15 percent above base rates as living costs rose.
War Food Administration reports narrow price ranges on flue-cured tobacco markets in North Carolina and Virginia. Old belt markets show declines in some middle grades, while nondescript grades fall about 1 per hundred. Middle belt green leaf rises 2 per hundred. lemon leaf and some grades drop. Markets close Thursday and Friday for Thanksgiving. Officers elected for the Lutheran Brotherhood of North Carolina include Zeb B. Trexler, A. W. Fisher, and FE. 4. Pearson. Eric Johnston at Duke urges quick postwar problem solving to avoid global disruption. Six Raleigh men listed in the OPA records. Forest fires totaled 55 in October with $1,449 damage. most fires from careless smokers.
National Labor Relations Board reports 82 votes against and 68 for the American Federation of Hosiery Workers after a secret election at Tower Hosiery Mills. In Winston Salem Southern Dairies also faced a dismissed petition with 47 against and 17 for the United Dairy Workers. Six held for embezzlement in Raleigh shell game case involving ration coupons.
The CIO asks for a flat 17 cent an hour raise for steelworkers as labor seeks to bend wage rules. The WLB resists and sends the demand to the President for a decision, noting overall wage growth far outpaces living costs since January 1942.
Three year old Forest Nubbins Hoffman of Cheyenne Wyoming has only a ten percent chance to live after a congenital bladder neck obstruction damaged one kidney and badly injured the other. A Denver urologist said a transfusion was a tonic not a cure and declined to be named. Santa arrives early as the family contends with the illness.
North Carolina highway fatalities totaled 51 in October, down 13 percent from October 1948. Of the deaths, 12 occurred in cities and towns and 31 on rural roads, with 21 pedestrians among the fatalities. Cities reporting fatalities include Greensboro Raleigh Winston-Salem Concord Hickory and Wilson. Through ten months in 1944 the total reached 484, an 11 percent drop from 1948.
North Carolinians donated 159772.08 to the infantile paralysis campaign this year, chaired by Dr. Ralph Meid, comparing to 89515.05 raised last year. The drive shows strong support across the state for polio relief efforts.
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