Weather dictates winter business fortunes across industries
Business leaders from Hood Rubber to Standard Oil weigh how early cold, snow and wet spells influence demand. Blanchard cites cold rain in October and late snow boosting rubber wear. oil and coal sectors watch forecasts for oil and gas risks. steel fears ice delays on Great Lakes. snow proves helpful to glove makers and ski firms while warm, dry seasons depress others.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Raymond H. Blanchard
Hood Rubber Co
Watertown
Mass
Blanchard
Chester F. Smith
Standard Oil Co
New Jersey
New York City
Great Lakes
Gulf of Mexico
Louisana
Texas
Canada
New England
Irving P. Krick
Pasadena
Calif
Qose
Transportation Busiess
TV Issues Lead Stock Mart Today
New York stock market moved mainly in TV shares on September 18 with prices surging to four year highs at the open before gains narrowed. Leaders included Admiral Emerson Philco Radio Zenith Motorola GM Chrysler Studebaker Lockheed Schenley AT&T Phelps Dodge Allied Du Pont GE and U S Gypsum, with notable declines in a few industrials like U S Steel Bethlehem Steel Woolworth Anaconda Dow and Gulf Oil.
MENTIONED IN THIS ARTICLE
New York
Admiral Corp
Emerson
Philco
Radio Corp
Zenith
Motorola
General Motors
Chrysler
Studebaker
Lockheed
Schenley
American Telephone
Phelps Dodge
Allied Chemical
du Pont
General Electric
Chesapeake & Ohio
U. S. Gypsum
U. S. Steel
Bethlehem Steel
Woolworth
Anaconda Copper
Dow Chemical
American Woolen
Goodrich
Gulf Oil
Homicides Rise in Charlotte with 22 This Year
A shotgun slaying yesterday raised Charlotte's homicides to 22 for the year, matching last year’s pace of 22 and surpassing 1949's 11. The victim was a Black man, and details of the incident remain limited as investigations continue.
MENTIONED IN THIS ARTICLE
Charlotte
Civil Defense Plan Unveiled Lacking Price Tag
The Truman administration released a master civil defense plan aiming to halve home front casualties with trained experts and millions of volunteers. It lacks cost estimates and a timetable, proposing federal state and local cooperation, 140 critical target areas, mutual aid pacts, mobile defense teams, and government training schools.
MENTIONED IN THIS ARTICLE
Washington
Truman
Federal
Civil Defense Administration
Congress
National Security Resources Board
NSRB
United States Civil Defense
Jaul J. Larsen
Senate House Close In On Spy Bill Tightening Defenses
Washington outlines near completion of a compromise bill to strengthen home front defenses against communists spies and saboteurs. The measure would register communists and their front organizations and bar them from federal jobs or defense plants, with possible internment in emergencies.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
McCarran
D-Nev
Conference Committee
Navy May Place Second Big Ship on Active List
The navy may recommission a second 45,000 ton battleship, likely the New Jersey, to join the active fleet for Atlantic training and potential combat use. The move follows Missouri’s deployment in the Far East and aims to bolster training while preserving carrier-based naval doctrine.
MENTIONED IN THIS ARTICLE
Navy
Elton C. Fay
Washington
Missouri
Defense Department
New Jersey
Brooklyn
N. Y
Navy Yard
Wisconsin
Norfolk
Iowa
San Francisco
Pacific
United States
Far East
Korea
Chesapeake Bay
Atlantic
Forrest P. Sherman
Naval Operations
Congressional
Government imposes control orders to curb credit and purchases
The United States government enacts stop orders on easy consumer credit and aggressive buying by businesses. The commerce department limits inventories of key materials while the Fed tightens installment terms for autos appliances furniture and home improvements. Penalties include up to a year in prison and fines.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Federal Reserve Board
Reserve Board
Women Drinkers Rise as Beer Sales Grow Says WCTU Official
Violet T. Black of Evanston Illinois told the National Union convention that beer and liquor sold at corner stores increase female alcoholism. She estimated about 800000 women addicts in the United States and cited radio ads by distillers targeting women. A Methodist official linked alcohol distribution to combat troops in Korea.
MENTIONED IN THIS ARTICLE
Denver
Women's Christian Temperance Union
Violet T. Black
Evanston
Inl
Women’s Christian Temperance Union Convention
Milking Contest Open To Mayors At County Fair
Goldsboro Mayor Scott B. Berkeley challenged 26 mayors to compete in a cow milk ing contest at Wayne county agricultural fair on September 28. The winner is the mayor who delivers the most milk in the shortest time, for a battered milk pail trophy.
MENTIONED IN THIS ARTICLE
Goldsboro
Scott B. Berkeley
Wayne County
Congress May Finish Work This Week
Washington dispatch notes the 81st Congress nears completion as Democrats may wrap up work this week. It contrasts with stalled Truman programs and highlights wartime military spending and shifts in defense funding ahead of the 1951 start of the 82nd Congress.
MENTIONED IN THIS ARTICLE
Congress
Marines Reach Far and Wide for Inchon Forces
Washington dispatch notes Marines pulled manpower from the Mediterranean and other theaters for the Inchon amphibious assault. Units worldwide were recalled as reserves to rush to the Far East with precise timing. Two Marine elements arrived just in time to participate in the land invasion.
MENTIONED IN THIS ARTICLE
Washington
Mediterranean
Inchon
Montezuma
Tripoli
Far East
Marine Corps
Pleasant autumn weather across nation with scattered showers
Pleasant autumn weather was reported over most of the nation. Only rainfall appeared as scattered showers in the southern and central Rocky Mountains, the Dakotas, Minnesota, and the northern Great Lakes region.
MENTIONED IN THIS ARTICLE
Chicago
Rocky Mountains
Dakotas
Minnesota
Great Lakes
Marines Press Near Seoul As Reds Fall
American Marines reached within three miles of Seoul with 40 000 allied troops advancing to force Red Korea surrender. The 10th corps liberated the south capital area, crossing the Han River to threaten Seoul while Kimpo air field came under Allied control.
MENTIONED IN THIS ARTICLE
Tokyo
Seoul
10Th Corps
Yong Jong
Han
Kimpo
Republic
South Korea
Naktong
U. S
Changnyong
Kyongsan
Pohang
Relman Morin
Navy
Inchon-Seoul
Inchon
U. S. Fifth Air Force
Korea
Waegwan
Taegu
Edward M. Almond
Almond
State says no peace overtures from North Korea
The State Department stated there are no known peace overtures from North Korea and has nothing to confirm. A London report via an Italian paper claimed feelers were sent, but officials cited no corroboration. The UN is described as the normal channel for settlement proposals, with Moscow backed reps Malik and Vishinsky named as contacts.
MENTIONED IN THIS ARTICLE
Washington
State Department
Lincoln White
Department
London
White
United Nations
U. N
Russia
Jacob Malik
Andrei Vishinsky
Rome
Giornale D'Italia
New Delhi
China
India
Giornale
British Foreign Office
Truman Signs Bill Naming Marshall Defense Secretary
President Truman signed legislation to allow General George C. Marshall to become secretary of defense. Marshall’s nomination will be sent to the Senate for confirmation, with an oath at the Pentagon desired no ceremony. The bill also permits General Omar N. Bradley to receive five star rank as general of the army, under an exception to the unification act.
MENTIONED IN THIS ARTICLE
Washington
Truman
Gen
George C. Marshall
Defense
White House
Marshall
Senate
Charles G. Ross
Pentagon
Louis Johnson
Ross
Omar N. Bradley
Congress
Automobile Dealer Stocks Reach Two Year Low
DETROIT Sept. 18 dealers held the equivalent of 9.3 new cars per dealer as of Sept 1 with 5.6 on hand and the rest in transit. Automotive News said the survey totals about 407 26 vehicles with 247 426 actually on hand and the remainder in transit.
MENTIONED IN THIS ARTICLE
Detroit
tPy
Automotive News
United States
Washington's Move For Jap Treaty Welcomed Worldwide
AP foreign affairs analyst Dewitt Mackenzie says the move to begin preliminary negotiations for a Japanese peace treaty will ease tensions in Asia and among eastern nations. He notes fears of imperialism, rising nationalism, and Communist gains as nations watch postwar occupation and the dispute over whether the treaty is drafted by the big three or expanded to include Russia.
MENTIONED IN THIS ARTICLE
Dewitt MacKenzie
Washington
Asia
Nippon
Far East
Moscow
Japan
Britain
France
America
New York
United States
Russia
Tax Boost Plans May Be Ready
Washington reports a compromise to prompt a $4.508 billion tax rise with retroactive excess profits measures. Conferees hope Congress acts this year or early next and returns after the elections to finalize the plan. The package includes a $2.7 billion income levy rise and a $1.5 billion corporate tax hike with reforms to close loopholes.
MENTIONED IN THIS ARTICLE
Washington
Congress
Knotty Corporation
House
Senate
Connally
D-Tex
O'Mahoney
D-Wyo
Shaw in England Shows Slight Improvement After Operation
George Bernard Shaw, 94, in Luton England, displays a slight improvement after surgery to mend a broken left thigh. A prior flare up of kidney and bladder trouble last week had raised anxiety about his condition.
MENTIONED IN THIS ARTICLE
Luton
England
George Bernard Shaw
Attlee Faces Narrow Margin in Steel Nationalization Vote
London reporters say Prime Minister Attlee risks a near defeat by pushing steel nationalization to a Commons vote. The move follows a possible Labor revolt aimed at reshaping government control of the steel industry amid the defense crisis. A Churchill motion of censure looms as observers expect a slim government victory, with a general election unlikely if Labor loses.
MENTIONED IN THIS ARTICLE
London
Labor Party
Prim
Attlee
House of Commons
Commons
Winston Churchil
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