World currency devaluation ripples through markets
Devaluations in 19 countries push traders to gold and commodities while U S markets shift little. Britain faces wage pressure as bread prices rise. London's stock market booms on gold price gains. Hong Kong and Holland join the devaluation, with Italy’s lira volatile as exchanges react across Rome Milan and South Africa.
MENTIONED IN THIS ARTICLE
Associated Press
United States
France
Canada
Germany
Hong Kong
Holland
Indonesia
Britain
Winston Churchill
London
U. S
U S
Rome
Milan
South Africa
Wine Makers Tax Trial Nearing Close
Greensboro September court record of Josephus D Parker Eagle Springs wine maker in a federal income tax case now in its second week with over 50 witnesses. Prosecutors allege failure to report about 114000 in taxes including penalties and unreported 1943 1944 1945 income. Testimony continues as government details remaining 1944 income and checks over 100000.
MENTIONED IN THIS ARTICLE
Greensboro
Josephus D. Parker
Eagle Springs
Federal District Court
Parker
James L. Garst
N and W to Lay Off 1650 Men Thursday
Roanoke Virginia reports that the Norfolk and Western railway will lay off 1,650 motive power department employees at the close of Thursday due to the coal strike. The entire N and W system is affected and 1,350 were cut in June when the three day work week began. Those workers have not been recalled.
MENTIONED IN THIS ARTICLE
Roanoke
Norfolk and Western Railway
N&w
Vandenberg Rallies GOP Behind Military Aid Bill
Senator Vandenberg of Michigan rallied GOP support for the administration's foreign military aid program. Senate leaders seek a quick final vote with little organized opposition and a likely decision by Thursday or even Wednesday. The measure totals 1.314 billion dollars to arm friendly nations, with bipartisan support and pressure for an early vote.
MENTIONED IN THIS ARTICLE
Washington
Vandenberg
Michigan
Senate
Senate Foreign Relations and Armed Services Committees
Wherry
Nebraska
Taft
Ohio
GOP
George
D-Ga
Monroe Mayor Is Inder Fire In Beermap
Monroe voters face a Saturday ballot on legalizing beer and wine sales. City leaders claim Mayor J Ray Shute used radio time funded by beer wine interests to support relegalization, while Shute says his views are personal and not city policy.
MENTIONED IN THIS ARTICLE
Monroe
J. Ray Shute
J. A. Hudson
Union County Allied Church League
Hudson
Shute
Newton Train Wreck Claims Third Victim
In Newton the passenger train derailment near dawn left about 50 passengers injured. Fireman Herman Bishop aged 51 of West Asheville died after being buried beneath the locomotive as rescue crews freed him after almost an hour. Bishop died at 2 15 a m in Catawba hospital where thirty injured were treated.
MENTIONED IN THIS ARTICLE
Newton
Herman Bishop
West Asheville
Bishop
Catawba
Murder Suspect and Witness Shot in Greenville
In Greenville South Carolina a man charged with murder and a witness against him were shot at the same filling station where the earlier murder occurred. The witness Oscar Walker Moon died while Roy Black was seriously wounded. the earlier victim William Harry Sprouse 26 had been killed Sept 4. Black is charged with Sprouse’s murder and held on $2,000 bond. Deputy Red Reid asked Black who shot him and he replied Somebody.
MENTIONED IN THIS ARTICLE
Greenville
S. C
Oscar Walker Moon
Roy Black
William Harry Sprouse
Black
Sprouse
Red Reid
Greenville General Hospital
Three Nation Talks Open On Atomic Secrets
Washington reports that the United States Britain and Canada begin exploratory negotiations on sharing atomic secrets and uranium for bomb production. Officials stress no commitments until Congress is consulted.
MENTIONED IN THIS ARTICLE
Washington
United States
Britain
Canada
Truman
Congress
State Department
U. S
Japan
Los Alamos
N. M
Oak Ridge
Atlanta Judge Is Acquitted After Short Trial
A Fulton County jury acquitted Superior Court Judge Robert Carpenter in 59 minutes after five days of testimony. The 44 year old jurist was charged with attempted murder in a July 27 shooting of his former friend, lawyer John Lockwood. Carpenter smiled as the verdict was announced and embraced his 20 year old stepdaughter Barbara.
MENTIONED IN THIS ARTICLE
Atlanta
Robert Carpenter
John Lockwood
Carpenter
Barbara
Fulton County
Lockwood
Philadelphia
Devaluation’s fate lies with Britain’s working class
AP analysis argues that the success of pound devaluation hinges on British workers and unions. If costs rise and wages push up, strikes could throttle production, undermining government aims to lower export prices through austerity and wage restraint.
MENTIONED IN THIS ARTICLE
Dewitt MacKenzie
England
Arfand Arf
America
Stafford Cripps
London News Chronicle
Cripps
Britain
President Has No Plan to Avert Nationwide Steel Strike
Washington dispatch reports President Truman has no plan to avert a nationwide steel strike by Saturday midnight. CIO Steelworkers Union chief Philip Murray demands a company financed welfare plan, while government conciliators push talks with Cyrus S. Ching of FMCS offering possible peace ideas.
MENTIONED IN THIS ARTICLE
Cyrus S. Ching
Washington
Philip Murray
Steel-Workers Union
Benjamin Fairless
Murray
White House
Truman
CIO
Thamed
Thehio
Federal Mediation and Conciliation Service
Ching
Fic
Ford Motor Co
Ford
United Auto
Romulo Elected President As UN Assembly Reopens
Brig. Gen. Carlos P. Romulo of the Philippines won the UN General Assembly presidency with 53 of 59 votes as delegates open the fourth session at Flushing Meadows New York. Officials expect three months of debates on 72 items and 18 foreign ministers lead the talks while Andrei Vishinsky urges cooperation.
MENTIONED IN THIS ARTICLE
New York
Carlos P. Romulo
Philippines
United Nations Assembly
Peace Assembly
Romulo
Flushing Meadow Park
United Nations
U.N. General Assembly
Flushing Meadows
U. N
Andrey Vishinky
Russia
Governor to Aid State ABC Head In War on Bootleggers
Governor Scott will convene a one day meeting in Raleigh with police chiefs and sheriffs to crack down on bootleggers. State ABC Chairman Robert W. Winston said the governor will issue the call within 10 days and that local officers in dry counties must enforce prohibition laws.
MENTIONED IN THIS ARTICLE
ABC
Raleigh
Scott
Robert W. Winston
Winston
House of Representatives
George H. Andrews
ABC Board
Andrews
Chatham County
State Sheriffs’ Association
Maryland
Illinois
North Carolina
Pennsylvania Pastor Tells Whopping Lie Wins Liar Contest
The Rev. Frank Ruth of Bernville, a minister and state senator, won the Pennsylvania Dutch Liars club annual contest with a tale of an indestructible old tomcat. He claimed a posse decapitated the cat and buried it, but three days later the animal returned carrying its head in its mouth.
MENTIONED IN THIS ARTICLE
Reinholds
Frank Ruth
Bernville
Pennsylvania Dutch Liars Club
Ruth
Posse
Prices Advance On Flue-Cured Tobacco Markets
Regional tobacco prices rose across four belts as the second week of sales began. Cold belt logs and eastern belt lugs showed higher bids, while most primings declined. Middle belt leaf and cutters gained, with some wrappers selling for 70 to 80 dollars per hundred.
MENTIONED IN THIS ARTICLE
Raleigh
Departments of Agriculture
Carolinas
North Carolina Belt
Middle Belt
Postscript to Young Democrats Convention Deliberations
The Yale style postscript notes twelve resolutions from the Young Democrats State Convention at New Bern covering endorsements, pay raises for legislators, and tribute omissions. It records omissions for Capus Waynick, Joe Blythe, J. B. Broughton, and J. C. B. Ehringhaus, later added, with a tease of further details on page fourteen.
MENTIONED IN THIS ARTICLE
Young Democrats
New Bern
Resolutions Committee
General Assembly
Gordon Gray
Capus Waynick
State Party
Nicaragua
Joe Blythe
J. B. Broughton
J. C. B. Ehringhaus
UDC
YDC
No Effort Is Made To Halt Strike
Nationwide coal strike idled over a half million workers in mines and railroads. John L. Lewis and the United Mine Workers faced sharp criticism as southern operators refused pension fund payments. Royalty disputes and halted contracts deepened the stoppage with talks looming at Bluefield W Va and warnings of further layoffs.
MENTIONED IN THIS ARTICLE
Pittsburgh
John L. Lewis
Kentucky
West Virginia
William Tuck
Virginia
Lewis
United Mine Workers
Washington
Southern
Bluefield
W. Va
UMW
Southern Coal Producers Association
Joseph Moody
Southern Coal Producers
UMW Fund
Ingvar
Moody
George H. Love
Pittsburgh Consolidation Co. Company
Scott to Confer Tonight on Tarboro Mill Strike
Governor Scott announced a 8 p.m. meeting with Marcus Carter of Hart Cotton Mill amid continued Tarboro strike violence. Sheriff Tom Bardin requested highway patrol aid. Col. C. R. Tolar reported Tarboro quiet last night, with the sheriff handling a court order against mass picketing.
MENTIONED IN THIS ARTICLE
Raleigh
Scott
Hart Cotton Mill
Tarboro
Marcus Carter
Sherriff
Tom Bardin
Edgecombe County
Col
C. R. Tolar
Pound Devaluation Slightly Impacts Stock Market
Fresh demand for gold contrasted with overall market declines as many stocks slipped around a point or less. Traders viewed pound driven currency devaluation as a minor factor, while gains appeared in Howe Sound Alaska Juneau Dome Homestake MoInt Porcupine and South Americ Gold & Platinum.
MENTIONED IN THIS ARTICLE
New York
Howe Sound
Alaska J Neau
Dome
Homestake
MoInt Porcupine
South Americ
U. S. Steel
Youngstown Sheet
General Motors
Studebaker
Chrysler
Sears Roebuck
American Telephone
International Telephone
Anaconda
Copper
Dow Chemical
General Electric
American Woolen
N. Y
Centr Southern Pacific
Canadian Pacfic
Standard Oi
Gypsum
Also Mentioned on This Page
A, Lh
Hans Hornbostel
New Orleans
Malverne
Long Island
Bataan
N. and
Inder Fire
Trueman
UN Assembly
Pennsylvania
Capitol Square
By Lynn Nisbet
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