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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Jul 18, 1949
Page
3
James D. White analyzes how the cold war shifts from a European deadlock to a broader Asia focal point. He notes postwar European production, intensified religious conflict in communist states, and Asia’s nationalist undercurrents fueling anti‑colonial and anti Western sentiment toward democracy and communism.
J B Newburg named GM relations chairman for two years under General Motors public relations. He will promote GM educational motion pictures and booklets and assist local 4 H club members in the national farm safety contest. A La Crosse native, he is a Beloit College graduate with past posts in Chicago Des Moines Peoria South Bend Milwaukee and Bendix Aviation. He runs the Oldsmobile dealership at 226 Losey boulevard north since April 1947.
Funeral services will be held Monday for Clarence H. Dietz aged 62 of Wauwatosa a defender in the Cameron Dam siege. He and his father John Dietz opposed lumber interests to protect the Cameron Dam farm during the 1910 log driving season. Clarence was wounded in the clash with sheriffs officers and was a La Follette Progressive party member.
La Crosse Zor Temple members travel with the Oriental band and camel patrol to Chicago for the Shrine parade during the imperial council session. The eight hour review includes leaders Rufus F. Wells and Earl Sachse, with officials from Madison Eau Claire Barron and La Crosse guiding a large Wisconsin delegation. Thousands are expected to line Soldiers Field for one of Shrinedom's most colorful displays.
Grover F. Knoernschild 59 longtime assistant Wisconsin manager for Prudential Insurance of America died Friday at home after a long illness. A Milwaukee native he led Whitefish Bay as village president and was active in local politics. He served as financial advisor to Senator Wiley and chaired the campaign committee for Justice Chester Fowler on the state supreme court.
The week saw an unpredictable market pattern with a summer rally continuing to push the market to seven week highs. A looming steel strike threatened industrial slowdown but a 60 day truce was reached just before it took effect and the market greeted the news calmly. President Truman's mid year economic report was seen as optimistic but failed to move stocks on Monday.
A week of gains pushed total market value up by about 1 billion dollars as traders grow bullish. From a June tumble to a four year low, two days of heavy volume signaled a shift toward optimism about business staying solid and not collapsing. A spooky incident reports a monster 30 foot dolphin chasing fishermen in Dundalk bay and roaring offshore.
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