FDR Proclamation Reshapes U S Economy for War Aims
President Roosevelt declares a state of unlimited emergency and names Interior Secretary Ickes as a de facto dictator of the oil industry to push defense priorities. The move tightens price controls and directs freight and labor to sustain defense production across steel, coal, textiles, autos and construction. May output and deliveries rise while shortages loom.
MENTIONED IN THIS ARTICLE
Office of Price Administration
Roosevelt
Reail
Federal
Edison Electric Institute
Federal Power Commission
National Coal Association
Army
Navy
United States Defense
Britain
Bullet-Riddled Car Chased Across Counties
Bullet holes perforate the police car carrying Patrolmen Grady Kelton and John Parker after they were fired on by convicts Buzz McClain and Deb Creasy. The pursuit ran from Kingsport to Hawkins County’s Carter's Valley, where captors were seized by Captain L. T. Anderson and others. The vehicle had its radiator hit and was supplied by Grady Begley.
MENTIONED IN THIS ARTICLE
Grady Kelton
John Parker
Buzz McClain
Deb Creasy
Kingsport
Carter’s Valley
Hawkins County
L. T. Anderson
Bill Fletcher
Jim Broyles
Parker
Grady Begley
Bond Averages Report May 31 From Associated Press
Bond averages by category show mixed changes with several metrics unchanged. Trading data includes par value sales of 1,740,500 and varied highs and lows across years 1941 1940 and 113 to 114 for low yield bonds.
MENTIONED IN THIS ARTICLE
Rls
Ind
Bonds Hold Steady Course Across Muted Holiday Session
Bond market drifted through a brief holiday session with light turnover of 1.74 million face value. Governments were unchanged in over the counter quotes while several corporates advanced such as Consolidated Oil convertible 3s and Portland General Electric 4s, with mixed results including Erie 5s and Shell Union 2 12s. Foreign government issues from Sydney to Denmark posted gains.
MENTIONED IN THIS ARTICLE
Consolidated Oil
Western Union
Portland General Electric
Northern Pacific
St. Paul
Erie
International Hydro Electric
Shell Union
Sydney
Queensland
France
Australia
Denmark
Market Strikes Nine Month Low In Saturday Trade
The market closed lower with the Associated Press average off .1 at 39.6 for the day and down .2 for the week though some issues rose. Transfers totaled 107,100 shares, the smallest since last August, with notable gains for Douglas Aircraft Boeing United Aircraft Lockheed Sears American Telephone and Anaconda while several big names remained in arrears.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Crete
Ickes
U. S. Steel
General Motors
U. S. Rubber
Santa Fe
Chesapeake & Ohio
Westinghouse
du Pont
Allied Chemical
Eastman Kodak
Standard Oil
N.J
American Smelting
Atlantic
Consolidated Aircraft
Douglas Aircraft
Boeing
United Aircraft
Lockheed
Sears Roebuck
American Telephone
N. Y. Shipbuilding
J. J. Case
Anaconda
Republic Aviation
Humble Oil
Puget Sound
Georgia Power
Wheat finishes day with gains after closing higher
Chicago trading saw a batch of buy orders before the close to cover shorts and tidy accounts for the weekend. July wheat rose to around 92.5 with a rally to 94.75 later, with deferreds leading the rebound and July at 94 1/4 and September 96 1/4. Corn up about 1 percent to July 73 1/2 and September 74 1/2, soybeans mixed, rye and lard higher.
MENTIONED IN THIS ARTICLE
Chicago
Ickes Placed In Charge Of U. S. Gas and Oil Supplies
President Roosevelt names Secretary Ickes petroleum coordinator for national defense with veto power over anti-trust suits against 22 major oil companies. Attorney General Jackson says talks with oil firms ongoing to avoid hindering defense goals. Ickes to coordinate with federal agencies, state officials, and industry to advise on reserves, transport, refining, and drilling limits.
MENTIONED IN THIS ARTICLE
Washington
Ickes
Justice Department
Jackson
Secretary of Interior
National Defense
Hyde Park
N. Y
Roosevelt
Office of Production Management
Office of Price Administration
Kingsport Produce and Feed Co Garden Remedies Ad
The ad promotes the Kingsport Produce and Feed Co offering a full line of horticultural insecticides and remedies for garden health and prevention. It positions the store as a source for all garden troubles and healthy growth.
MENTIONED IN THIS ARTICLE
Kingsport Produce & Feed CO
Also Mentioned on This Page
U. S
E Steel Industry
C.G. Fry
Optometrist
Kingsport Police
Tas Corp
Celanese Corp
Thryster Corp
Bow
Curtiss
Gen Foods
Bis
Kennecott Cop
Kroger Groc
Mead Corp
Montgo Ward
No Amer Co
Parker Rust
Penney Ie
Penn Dix Cem
Penn-Dix Cal Reynolds
Susy Cem
Brande Bis
Cal
Swift
Tnion Carbide
Vnkt Corp
CS Steel Bet
BS Va R
Weet el & Miz
Beg«& Woolworth Rw
The
Wall Street
Stock Exchange
John C. Patty Tometa
Market ST Tol
Mme ZZ
General Electric
W. B. Greene Co., Inc
Kingsport, Tenn
J. L. Kincheloe Produce Co
E. Market Street
Market St
Garden Friends
Abiko
United Furniture
Bulova Or
Waltham Watch
Kroehler
Waltham
Crosley
Crosley Electric
Shelvador
NEW
United
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