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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
May 01, 1947
Page
5
AP analyst DeWitt MacKenzie argues the proposed Indian constitution could abolish untouchability, lifting millions of outcasts who lack land rights and economic independence. About 60 million people live outside caste Hindus in segregated villages, enduring severe social exclusion.
New York attorney Robert Murphy targets the New York Yankees New York Giants and Brooklyn Dodgers in a bid to unionize major league players. The state Labor Relations Board says a complaint of unfair labor practices has been issued against the clubs for allegedly supervising a players committee and coercing players in self organization. A hearing is set for June 4.
Arkansas economic council state Chamber of Commerce forms a new manufacturers division. President Moses names members including Basye of Hope and Ward of Fort Smith along with Ottenheimer Crossett and others. Crain reported improved at Methodist Hospital in Memphis after Wilson estate management in Mississippi County Arkansas.
An expedition into India's untouchable settlements reveals entrenched caste discrimination and daily humiliations. Dr Ambedkar proposes segregated villages funded by government aid to end untouchability within twenty years, a plan echoed in the push for constitutional change.
Liver poultry and eggs show mixed results with hens firm and chickens unsettled. FOB prices list fowl 34 and roasters 38-41, eggs weak with 18 064 receipts and U S extras numbers around 44 5 to 45. Wheat and corn futures rise modestly while oats gain slightly amid varied market activity.
May cotton at 35.52 and 35.52 in May, July 33.41, Oct 29.23, with late trades 25 cents to 1.60 higher. Distant deliveries hold firm as loan level guidance for next crop influences prices, while nearby contracts show varied gains and losses across multiple futures months.
Select oils and special issues pushed stocks higher while many leaders made limited gains. United States Steel General Motors Douglas Aircraft Kennecott General Electric Pullman Atlantic Coast Line Illinois Central Pfizer Schenley fell. Vulcan detinning rose 20 points to 148 after a split up proposal. Standard Oil (NJ) boosted its dividend lifting Superior Oil Texas Company Skelly Continental Gulf Phillips Petroleum Amerada and Seaboard. Carpenter Steel rose on strong earnings. International Silver National Steel May Department Stores gained with expanding earnings. Bonds remained steady.
In New Orleans on May 1, early gains in cotton futures faded as prices declined during the session. Traders noted modest selling pressure and a pullback from opening highs as market attention shifted to nearby supply concerns.
Market notes show closing prices mostly steady to modestly higher with May at 35.33 after highs near 35.48 and lows 35.30, while other months record varied moves from 28s to 33s and mid 20s. Active moves imply cautious trading amid liquidation pressures and bid activity.
National Stockyards Illinois reports hogs slow with 50 to 75 cent declines from Wednesday's average across weights 100 to 325 pounds. Sows down 25 to 50 cents. Cattle and calves see open trading active with higher demand. best steers 23.00 to 24.00, cows mostly 13.50 to 18.00, bulls around 16.75 to 17.25. Sheep limited with no early action.
May deliveries of all grains moved higher on the Chicago Board of Trade. May wheat led the advance, climbing about 4 cents at one point amid buying by eastern commission houses and short covering. Traders noted potential tightness in the May contract and the lack of cash grain deliveries. Rain in the central and northwestern states favored planting and supported the price upturn.
A brief musing notes that laws cannot stop one man from looking down his nose at another, suggesting social judgments persist beyond legal limits. The line reflects a commentary on personal attitude versus formal rule.
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