Republicans push early military draft and air force boost
Taft outlined Republican support for early military legislation ahead of Asihess, including a larger air force and temporary draft if needed. He warned the process could take weeks, noting readiness to fund increased defense and avoid harming broader national security. Hearings and funding moves followed, with emphasis on prioritizing the air force and military matériel.
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Cotton and grain futures shift through gains and losses
New York and New Orleans report irregular cotton futures with early losses of over 1 a base, then a rally on trade buying. May 20.7 high, 26.65 last. other base values shown. Cattle and hog prices adjust as market remains mixed amid steady to lower cotton closes. New York stocks rise modestly, rails lead, but some sectors lag.
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Hope Star item mix spans news and market blurbs
Local Hope Star content combines editorial staff details with scattered market notes. Highlights include AP dispatch usage, 1944 railway bond chatter, poultry and produce pricing, grain futures moves, and commodity quotes from Chicago markets.
Truman asks Congress to expand export-import bank loan powers
President Truman proposed merging the export-import bank lending authority by 500 million dollars to finance further economic development in Latin America. The request aims to bolster trade, infrastructure, and growth in the region through increased government-backed financing.
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Hob Seizes National Palace in Bogota During Ase Conference
A hob seized the national palace in Bogota today and gained temporary control of the government as the ninth international conference of American States convened.
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Colombia
Daily Bread Contested Into Paxte One Editorial Tone
The excerpt argues that eratte methods have harmed his followers and risks turning the fiery union boss meek and out of character, suggesting a critical turning point where drastic action may be needed.
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Eratte
FBI Joins Hunt for Kidnapped Children in New Jersey
FBI joined police in a nationwide search for Evelyn Coulantes aged three and Nicholas Coulantes Jr. aged five who were abducted from their Hackensack home by a man in dark glasses. The grandmother Ruth Vasias witnessed the kidnapping as a dark sedan pulled up, the children were carried out, and both were taken. Authorities issued an eight state alert and checked a possible parental abduction by Nicolas Coulantes, a Miami used car dealer, who was estranged from the children's mother.
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Corn and Wheat Fall in May Prices Across Market
Market notes show May corn and oats down with May soybeans also lower. Wheat closes one to two cents lower at 2.47 to 2.48, May. corn around 2.25 per bushel. oats down 5 to 8 points. soybeans down fractions with May at around 2.23.
Western Europe to receive stronger American military aid
Washington officials see a Western European union gaining solid American military backing to counter Soviet expansion. Belgian Premier Spaak said nations will seek military and later recovery help, aiming to consolidate the new bloc formed by Britain, France, Belgium, the Netherlands and Luxembourg.
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Laney Declines A third term for governor not chosen
Gov Laney, after hurried conferences and amid weeks of pressure, reaffirmed his Jan 19 statement that he will not seek a third term. He said time has not changed his view and that he can contribute more by not running, despite reports he considered re-election locally.
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Arkansas
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Chiang Admits Heavy Losses in Manchuria
In a frank address to the National Assembly, Chiang Kai-shek said seven of China’s best divisions were destroyed in Manchuria, yet he claimed the Communists cannot conquer China. He announced reorganizing the units and outlined a revised strategy focusing on central and north China, while pledging to defend Manchuria.
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Meat Strike Report Ready But No Public Decision Yet
Washington reports an inquiry board told President Truman the meat strike issues are set for public release but no date was given. Chairman Nathan P. Feinsinger delivered the Taft-Hartley based finding under emergency powers. The board outlines issues without recommendations, paving the way for potential court orders to halt the strike similar to actions in atomic energy and coal disputes.
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