Stepped-up War Production Powers Week of Business Boom
New York page notes a faster pace in the rearmament drive boosting civilian trade and pushing industrial production toward capacity. A stock market rally, higher retail sales, and rising forward buying press price structures. labor unrest and rising wage talks mix with broad war production orders for guns, tanks, planes. Bank lending climbs to a record high as steel, oil, and auto output surge, signaling a complex inflation challenge and policy press from Washington.
MENTIONED IN THIS ARTICLE
G. A. Phillips
New York
National Foremen’s Institute
General Motors
Washington
Canada
Detroit
Serious Note Observed At Local Library
At the High Point Public Library summer gaiety faded as autumn nears and a serious outlook grows among school children for reference works on modern life. Summer reading shifted from recreation to reading improvement with about 2000 more books read by local readers in 1950 than 1949, including 500 more by adults and 1500 more by youngsters, as families still seek useful library facilities.
MENTIONED IN THIS ARTICLE
High Point Public Library
Mother
Tom
Sally
Mary
Jim
South Emerging for Dairy and Industry, Says Exec
L. A. Van Bomel of National Dairy Products Corp told Asheville executives that the South has a bright future in agriculture and industry. He spoke to Southern Dairies junior executives and forecast no U S food shortages, eventual material allocations for industry, continued business and steady dividends.
MENTIONED IN THIS ARTICLE
Asheville
Vup
South
L. A. van Bomel
New York City
National Dairy Products Corp
Southern Dairies, Inc
NDP
van Bomé
U. S
Shorter stories trend in fast modern life says Davenport
Los Angeles reports that Dr William H Davenport of the University of Southern California notes a shift toward brevity in contemporary literature. He says readers lack time to sit and read long works while television competes for attention, making the short story increasingly concise.
MENTIONED IN THIS ARTICLE
Los Angeles
Sept
Ins
William H. Davenport
University of Southern California
Parachute Hobbyist Notches 300 Jumps in Lexington
Clarence Alverson of Lexington, a 41 year old chutist who joined the Navy in 1927, lists 300 successful parachute jumps with only one minor accident. He treats chute jumping as a relaxing hobby and plans more demonstrations and training sessions as a member of the local aviation community.
MENTIONED IN THIS ARTICLE
Lexington
INS
Clarence Alverson
Alverson
Navy
New Credit Curbs Tighten Auto and Home Purchases
The Federal Reserve Board imposes installment curbs starting Monday, raising down payments and shortening terms on autos, appliances, and furniture. Analysts predict mixed effects with some sales dips, especially for used cars, while others expect a rebound by late fall as wages rise. Consumer credit remains near record highs, with July figures showing $20.3 billion in total, $12.6 billion tied to installment plans and near $4 billion linked to cars.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Reserve Board
Chase Iave Washington Senator Smith Joins Women’s Air Force Reserve
Senator Margaret Chase Smith of Maine becomes a new member of the Women’s Air Force Reserve. She applied for a commission in July and was sworn in shortly after ward. Members of Congress are not normally called to duty with the National Guard or Reserve, so she will not need leave from the Senate.
MENTIONED IN THIS ARTICLE
Washington
Sept
INS
Margaret Chase Smith
Maine
Women’s Air Force Reserve
Congress
National Guard
Reserve
Also Mentioned on This Page
Steels
Dairy Products Head
Ures
Member
Federal Deposit Insurance Corporation
Hobart Gay
First Cavalry
Taegu
Nea-Acme
Norman Williams
National Association of Securities Dealers, Inc
Acme al Ahoys
Alabama Mills
American Enka Corp
American Marietta Co
American Trust Co
Butlers Inc
Cannon Mills
Carolina Mtn -Tel Co
Caro Pow & Lit Co
Caro Tel & Tel Co
Chad Hos Mills Inc
Chad Hos Mills, Inc
Chase Nat'l Bank Weer
Ts Cable Dairy
Coin'l Stores, Inc
Cain
Coin'l
Creamery Pkg Mfg Co
Dan Riv Mills
Dan River Mills
Delaware Rayon “A
Dixie Home Stores Wen
Douglas and Lomason
Drexel Furniture Co
Te Dan & Bradstreet, Inc
Edison
Thomas A
Pida Wees
Garfinckel, Julius & Co
Sane
Inc
Garlock Packing Co
Ists Genuine Parts
Gordon Foods, Inc
Hanes, P. H. Knitting Co
Ee Wees
Home Finance Group
Home Ins Co
Hotels
Statler
Etwas
Houston Oil
Hytron Tel
Elec
Il International Cellucatton Prod Co
Inter Mountain Tel
Irving Trust Co
Ivey, J B & Co
Jefferson Ltd Life Ins Co
Kellogg Ca
Kingsport Press
Life & Cas Ins Co of
Tenn
Lone Star Steel
Long Bell Lumber Co
McBee Company
Monumental Life Ins Co
Moore Handley Hdwaeene
Bly
Mooresville Mills
Morganton Furn Co
National City Bank
NYAY
Nat'l Fire Ins Co
Nat'l Food Prodre
New Britain Mach Co
Newport Steelee
N. GC. Railroad Co
Occidental Life Ins Co
Ohio Water Service Co
Oswego Falls Corp
Peninsular Tel Cowees SS
Peoples Savings Bank and Trust Co
Piedmnt & Northin 'Ryy
Bo Piedmont Aviation
F Mills
Hs Potash Co
Amer
Pyramid Life Ins Co
Rose
Omulane Gas Co
Ats
Shs
Seaboard Finance
Wee Eae
Bank of Greensburg
Sou Webb Mills
Aeavee Int Spindaie Mills
Eem
di Wlandard Stoker Co
eSconecutter
Stimorg Carlsn
Sirmorg Carisn
Satz
Talon
Anc
Agloc Foods
Tenn Gas
Quem
Texas Eastern
Textiles, Inc
Del
Victor Prod Corp
Wachovia Bank and
83 Trust Co
Eeme Es West Point Mfg Co
Eenee
Wilmington Savings & Trust Co SL
U.N. Navy
Korean
Korea
Inchon
Seoul
South Korea
John M. Higgins
USN
Central Press
the Business Mirror
By Sam Dawson
Chase
Penney S
Penney
Nolan
Will
Slate
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