Market slump and price cuts ripple through retail and futures
Prices declined across commodities from corn to lard as retailers fear sustained reductions. Woolen fabrics and clothing saw cuts while meat markets reported heavier sales this week. Analysts cite lack of confidence as the trigger, with fears of a broader deflationary trend affecting stocks and futures.
MENTIONED IN THIS ARTICLE
Woolen Company
Gedaan Geto
Holessle Meat Market
New York Exchange
Otton
Corse
Coast emergency fuel offices aid as ships curb purchases
The text notes hundreds of tug boats and a pleasure craft amid 175,000 industrial workers nationwide affected by the fuel shortage. Coast ports sought foreign aid to cut fuel purchases while New York City police logged 4,217 emergency requests. The navy granted reserves and the city has accessed about 1,500,000 gallons, with 396 gallons withdrawn yesterday.
MENTIONED IN THIS ARTICLE
Socce
New York
Navy
United Nations to choose site for 1948 assembly
The United Nations plans to pick a European city to host the 1948 general assembly, with an expected cost around 5 million dollars. Paris Brussels Geneva or The Hague are the leading candidates as Trygve Lie reviews options after a European tour. The nine nation committee meets next Monday to decide the venue with a report due soon.
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United Nations
Assembly
Paris
Brussels
Geneva
Hague
Trygve Lie
Lie
Europe
U. N
UMW
Perce
Southwest Electric Cooperative Board Election Under Inquiry
Washington Feb 1 UPI An Agriculture Department inquiry examines the recent annual election of the Southwest Arkansas Electric Cooperative Corp with proxy voting concerns. Officials say requests are to determine the truth about complaints and the influence of federal REA funds on director selection.
MENTIONED IN THIS ARTICLE
Gordon Grown
Washington
UPI
Agriculture Department
Southwest
Ark, Electric Cooperative Corp
Wathan Koenig
Anderson
Rural Electrification Administration
Koenig
REA
Sedia
Southwest Cooperative
Solid South May Be Breaking Up Says Senator Pepper
The Associated Press reports Senator Pepper of Mississippi says the Solid South may be breaking up but any shift will be too slow to help Republicans in 1928. He predicts Democrats will carry every Southern state this year, while protests against civil rights could erode solid support in future years. Gov Fielding Wright vows to keep protests alive with a Southern Democrats meeting to punish anti Southern legislation. Republicans attack Truman on price controls as Taft campaigns in the Midwest, and CIO and labor leaders discuss strategy for 1944. Stassen appeals to Minnesotans to back Taft and avoid third party splits.
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Associated’ Press
Pepper
D-Fila
Fielding Wright
Mississippi
Truman
Taft
Ohio
Corn Belt
Bloomington
Republican Congress
Johnson City
Tenn
GOP
Carroll Reece
Reece
CIO
Lee Pressman
Benny A. Wallace
Wallace
New York
Harold E. Stassen
Ford to Import British Made Cars to the U S
London reports Henry Ward II will drive a British made Ford off the assembly line at Dagenham to inaugurate an export program to the United States. Six thousand British built Fords are planned for export over six months, bringing Britain about four and a half million dollars. Ford and Ford arrived in England aboard the Queen Mary and will tour Ford plants in France Belgium Holland Denmark Germany and Sweden.
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London
Henry Ward II
Ford
United States
Britain
Einglang
France
Belgium
Holland
Denmark
Germany
Sween
Ponds Fertilization Boosts Fish Growth
If ponds used for fish are fertilized, plankton growth increases and fish production rises sharply, improving yields in aquaculture.
Market News From Chicago and Stockyards Report
USDA live poultry prices weaken with receipts rising and unchanged to two cent declines. Butter drops 1 to 2 cents with high grades around 93 and 90s. National Stockyards notes hog prices up to 75 cents higher, cattle and sheep values mixed, with feeders and yearlings sluggish amid moderate supply. Grain and provisions section shows wheat corn soybeans and lard tumbling, futures limit moves, and London and New York stock movements reflecting cautious demand.
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Chicago
USDA
National Stockyards
Freiters
Board of Trade Today
Hope Star 1899 1927 Consolidated Star of Hope Office Note
A publication data note for Hope Star outlines its 1927 consolidation, daily weekday printing from the Star building in Hope Arkansas, with staff roles including editor publisher Alex H Washburn and other executives. It lists distribution and advertising details, Associated Press rights, and national office connections.
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Star of Hope
Press
Consolidated
Arkansas
Memphis
Tenn
New York Cotton Falls and Rebounds Amid Mill Buying
New York cotton futures slid sharply at first then rebounded as mill buying and short covering met limited offerings. Trade showed large losses early, with settlements around 31 cents to 50 cents above or below prior close, as mills and tire manufacturers stepped in amid signs of oversold conditions.
MENTIONED IN THIS ARTICLE
New York
vPi
Peg
Gan
Russians Halt U S and British Trains in Soviet Zone
In Marienborn, a Russian zone town near the border, Soviet troops halted a British train and an American train en route from Frankfurt to Berlin. The Americans demanded interzonal permits for five Germans aboard, received translations of U S orders, and after a Russian officer intervened, the American train was allowed to continue. The British train traveling from Berlin to the British zone was also stopped.
MENTIONED IN THIS ARTICLE
U. S
Berlin
British Zone
Communists Back Wallace Campaign For Presidency
New York February 11 The Communist party of the United States signaled support for Henry A. Wallace in the presidential race. The Daily Worker described the third party as a movement for peace and liberty, quoting Eugene Dennis on Wallace’s candidacy.
MENTIONED IN THIS ARTICLE
New York
United States
Henry A. Wallace
Daily Worker
Communist Party
Wallace
Eugene Dennis
The
Worker
Gandhi Funeral Train Draws Multitudes Across India
Thousands lined stations as Gandhi’s funeral train moved toward Allahabad on February 11 drawing devotion and crowds. At Delhi Nehru and others watched as the urn with Gandhi’s ashes rested in a third class car, surrounded by guards and spotlights.
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Gandhi
Allahabad
Mohandas K. Gandhi
Triveni Sangham
Attanbad
Ganges
Jumma
Saraswati
Aligarh
United Provinces
India
New Delhi
Rani Das
Pandit Jawaharlal Nehru
Nehru
Bombay
Wallace speech in Columbus praises cooperation with Communists
In Columbus Ohio on February 2 Wallace said he would accept support of American Communists because he saw nothing criminal in advocating different economic and social ideas. He claimed major parties were under control by reactionaries and endorsed cross ideology collaboration.
MENTIONED IN THIS ARTICLE
Wallace
Inva Speach
Columbus
Ohio
Peb
Ambedkar Leads Untouchables Movement Against Guards
Dr. B R Ambedkar, Indian government minister and founder of the Samata Dal, announced bans on the rd guards and the Samata Sal nik Dal, asserting an organizational stance against caste-based oppression and urging reform within the Untouchable community.
MENTIONED IN THIS ARTICLE
Ment
Rd Guards
Samata Sal+nik Dal
Dr. B. RB. Ambedkar
Untouchables
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