World Markets Slump After Cease Fire News Across Regions
Prices fell on final markets worldwide as the cease fire order in Korea influenced sentiment. Commodities like wheat, corn, rye, and sugar dropped, with grain pits seeing heavy selling in Chicago. Cotton, wool, cocoa, and soybean oil also declined, while eggs butter coffee and metal prices moved lower in several markets.
MENTIONED IN THIS ARTICLE
Associated Press
Korea
Singapore
Bombay
Chicago
New York Cotton Exchange
New York
New Orleans
London
Selling Wave Hits NYC Stock Market
Two waves of selling swept through the New York stock market on Monday and pushed prices sharply lower in reaction to peace proposals from Russia and Korea. Lost values extended to just over $5 a share among leading issues, with many stocks ending near their session lows.
MENTIONED IN THIS ARTICLE
New. York
War anniversary statement cites false Communist peace ploys
The article notes a Korean War anniversary statement drafted before Malik spoke, saying Communist peace talk hides war plans. Acheson asserts the free world is not deceived. The State Department promises to help end hostilities and prevent resumption. Dean Rusk steered early U.S. reactions.
MENTIONED IN THIS ARTICLE
Malik
Free World
Acheson
State Department
U. S
Dean Rusk
Chicago and South St Paul Livestock Prices Fall and Hold Steady
Chicago and South St Paul report mixed changes in cattle hogs and produce. Slaughter steers and yearlings hold steady near week’s close while hogs trend lower on lighter demand and sows weaken with lighter weights bid.
MENTIONED IN THIS ARTICLE
South 8St. Paul
ST. Paul
Minn
USDA
Medi
O'Donnell urged raids on North Korea and China in 1950 hearings
During the 42nd day of Senate hearings, O'Donnell argued for five Korean city bombings and 18 strategic targets, noting doubts about preserving any later option against Russia. Senators debated calling Harriman as a witness while Hurley attacked Yalta. Reports may split along majority and minority lines with no consensus on military strategy.
MENTIONED IN THIS ARTICLE
Russia
O’donnell
Senate Armed Services and Foreign Relations Committees
W. Averell Harriman
Foreign Affairs
McMahon
D-Conn
Harriman
Patrick J. Hurley
China
Kent Roosevelt
Uria
Hurley
Manchuria
Hur
Senate
MacArthur
Red China
Far East
U. S
Containment Pressure and Shifting Power in Korea and Asia
Analysis notes heavy Allied casualties yet gradual success holding the Korean peninsula. It warns Soviet losses are smaller but strategic gains reveal the Communist advantage in Korea and worldwide influence. The piece assesses inflation, western weakness, and possible future shifts including a Peiping Moscow split.
MENTIONED IN THIS ARTICLE
Asia
Korea
Kremlin
North Korea
Yalu River
Peiping
China
Moscow
Mao Tze-tung
Tito
Russia
Manchuria
Dairen
Local events listed at streets and church schedule
Readable fragments show a sequence of times on Tuesday afternoon and evening at Seventh and Winnebago streets and a church service times from noon and into Wednesday. Details are sparse but indicate a community schedule of gatherings and services.
MENTIONED IN THIS ARTICLE
Winnebago
Local residents rushed to hospital after heart attack
Mrs. Frank Kowalewski aged 53 of 1720 Winnebago street was taken by police ambulance to a local hospital at 9 52 p m Saturday after suffering a heart attack. At 1 03 a m Sunday Lester Schlectmeier age 40 of 1719 Market street also was taken to a hospital by ambulance after falling ill.
MENTIONED IN THIS ARTICLE
Frank Kowalewski
Winnebago Street
Lester Schlectmeier
Market Street
Jaycees Schedule Regular Meeting at La Crosse Hotel
Junior Chamber of Commerce members will hold their regular meeting Tuesday at 8 p m at the La Crosse hotel.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
la Crosse Hotel
Chicago potatoes market mixed as arrivals and prices listed
Potatoes arrivals total 3262 cars with 358 on track and U S shipments Friday 892 Saturday 419 and Sunday six. Supplies moderate and demand fair. Market slightly weaker on whites but slightly stronger on reds. Arizona Pontiacs quoted at 4.50 to 4.65 and 4.50 to 4.75 for reds. California long whites 3.80 to 4.50.
MENTIONED IN THIS ARTICLE
Chicago
USDA
U. S
Arizona
California
Two Cars Stolen in La Crosse Over Weekend
Two vehicles were reported stolen in La Crosse over the weekend. One car, a 1940 Buick owned by Hugh Plata of 204 South Seventh Street, was recovered Sunday afternoon by the Monroe County sheriff's department after being stolen around 11 a.m. Sunday from Plata's home. The second car, a maroon 1946 Ford two‑door sedan owned by anti Markely of Camp McCoy, was taken Saturday night from Fourth and Jay streets. it bears a Wyoming license and remains missing.
MENTIONED IN THIS ARTICLE
la Crosse
Hugh Plata
South Seventh Street
Angelo
Monroe County
Theft of boat leads to river theft report
Richard Evans reported the theft of his boat from the Raharpa River area on a Friday or Saturday. Police were told on Monday that a spare tire and wheel were stolen from his car parked in front of his home at 1707 Market Street.
Boy Bitten by Dog While Collecting Papers
James Sanford a 13 year old of 1117 Sill Street was bitten by a dog while collecting La Crosse Tribune over the weekend reporting two tus ture wounds on his left leg to police.
MENTIONED IN THIS ARTICLE
James Sanford
Sill Street
la Crosse Tribune
Court test sought on 1951 teacher pension hike
Madison Wisconsin state budget director said he would confer this week with the attorney general on plans for a court test of 1951 legislative action increasing teacher pensions.
MENTIONED IN THIS ARTICLE
Madison
Wis
E.C
Thomson
Senate cites three on contempt counts
The Senate without debate cited George S. May head of the Tom O'Shanter club and two alleged Capone gang members, Rocco Fischetti and Murray L. Humphreys, all of Chicago, for contempt of Congress. Citations move to the Justice Department for prosecution. Contempt carries up to one year in jail and a $1000 fine.
MENTIONED IN THIS ARTICLE
Washington
The _ senate
George S. May
Tom O
Frontline Clash as UN Forces Press Red Positions
In a fierce bayonet battle on the western front Monday UN patrols near Yonchon fought Reds amid entrenched artillery and air assaults. Northwest of Yonchon the hill remained in Red hands as UN troops pressed to drive them off. Northeast of Kumhwa UN forces failed to recapture a key height but surrounded the peak and severed the Red supply line.
MENTIONED IN THIS ARTICLE
North Korea
Yonchon
Kumhwa
Doughboys
UN confronted by North Korean aggression and Malik proposal
The article discusses international reactions to the Korean conflict outside the Communist bloc and the Malik peace plan. It notes UN challenges to aggression, skeptical U S State Department views, and calls by Eirik Lie for a cease fire and UN led negotiations.
Wisconsin Young Republicans oppose McCarthy in district vote
The eighth district Young Republicans debated a resolution urging Wisconsin citizens not to reelect Senator Joseph McCarthy. Hooper and others criticized McCarthy as ineffective and divisive, while some members abstained or walked out. Karl Schmitz and O’Brien argued the measure reflected district sentiment. General George Washington’s 1775 call for Army recruits noted.
MENTIONED IN THIS ARTICLE
Hooper
McCarthy
Eighth District
Republican Party
Wisconsin
Joseph McCarthy
Brown County
Gerald
Tytagamie
O’brien
University of Wisconsin
Sunnicht
Karl Schmitz
Manitowoc
Schmitz Hooper
Young Republican Organization
Taft Talk Schedule Hints Candidacy
The Ohio newspaper notes Taft plans to tour pivotal states including Wisconsin Indiana Maryland Massachusetts North Dakota Missouri and North Carolina as part of early campaign strategy. The piece highlights the candidate's outreach amid national political winds.
MENTIONED IN THIS ARTICLE
Wisconsin
Indiana
Maryland
Massachusetts
North Dakota
Missouri
North Carolina
Cold War diplomacy unfolds with ceasefire talks urged
Rhee criticizes a Russian move as a trick while Lie calls for negotiations for a military cease fire at the earliest possible date. Malik's proposal, first from the Communist side not imposing truces favorable to Chinese Communists, garners global headlines as Moscow’s official papers react.
MENTIONED IN THIS ARTICLE
Korea
United Nations
Malik
Council
Rhee
Trygve Lie
Moscow
Reds Endorse Soviet Peace Plan Amid Korean Crisis
Chinese Communist Party outlet in Peiping announces the people fully endorse the Soviet proposal for a peaceful settlement of the Korean question. The belligerent Peiping radio editorial accuses the United States of aggression, claims an American defeat, and says Washington has not learned its lesson.
MENTIONED IN THIS ARTICLE
San Francisco
People’s Daily
Peiping
Peiping Radio
Associated Pres
Must Not Relax Anniversary of Korean Conflict Outbreak
A government editorials warns against lifting economic controls as the Korean conflict anniversary draws attention to potential chaos and disarray in wartime economies. The piece stresses steady management to avoid market instability and fulfills the period newspaper tone.
Simmons Co Ties Up Funds Of Union
Milwaukee federal court issued garnish ment summonses to freeze assets of Simmons Company in a labor dispute. Writs seek damages totaling 490000 plus 39000 per day of plant closure. Union alleges compelled cessation harms workers and operations.
MENTIONED IN THIS ARTICLE
Milwaukee
Aeral Labor Union
Chrysler Granted Increase In Price
The Chrysler corporation was authorized to raise retail prices on 11 new V-8 designed models. OSS said other automakers with materially redesigned cars would receive similar price increases.
MENTIONED IN THIS ARTICLE
Washington
Chrysler Corporation
Office of Price Stabilization
Iran accuses British oilmen of sabotage
Iran charges British oilmen with sabotage over oil receipts refused aboard tankers. The British embassy said the Iranian National Oil Co. made the claim and Ambassador Sir Francis Shepherd lodged a protest with Iran's foreign ministry.
MENTIONED IN THIS ARTICLE
Iran
Tehran
Iranian National Oil. Co
Francis Sheperd
McCarthy Urges War Limits and Pro-Manchuria Tone
McCarthy frames policy as safer than a broader war. He backs Gen MacArthur on pro Manchuria stance while criticizing expanding Korea fighting. He warns that delaying peace signals to rivals that resistance to communism ends in destruction.
MENTIONED IN THIS ARTICLE
MacArthur
Favored Russ Entry Into War On Japan
Fleet Admiral Ernest J. King said at the time of the 1945 Yalta conference he was agreeable to bringing Russia into the war against Japan. He noted the navy believed Japan could be defeated without attacking all home islands and that Russia’s entry might hasten capitulation. He added he did not favor as great concessions to Russia as were at Yalta.
MENTIONED IN THIS ARTICLE
Washington
Ernest J. King
Yalta
Russia
Oes
Navy
Japan
Manchuria
King
Western Union Strike Set for Monday by AFL Union
Washington reports a nationwide strike called by the AFL Commercial Telegraphers union for 5 a m CST Monday July 2. The union seeks a 25 cent hourly wage boost for 35 000 employes. Messengers earn 75 cents per hour. 28 000 others average $1 27. The last raise was April 1 1948.
MENTIONED IN THIS ARTICLE
Washington
Western Union
AFL Commercial Telegraphers Union
Japanese Peace Treaty Seen Ready by Sept First
TOKYO John Allison a U S state department policy expert said Monday a Japanese peace treaty may be signed by Sept 1 and that it will allow Japan to re arm.
MENTIONED IN THIS ARTICLE
Tokyo
John Allison
U. S. State Department
Japan
Veterans return to San Francisco on Gen. John Pope
The largest group of Korean War veterans, 3 377, arrives in San Francisco aboard the transport Gen. John Pope on Monday. The total brought to the city under the rotation plan reaches 12 273.
MENTIONED IN THIS ARTICLE
San Francisco
U. S
Mona
John Ope
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Priday
Chicago Livestock
U.S
F.o.b
Italy
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Europe
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Lacrosse Office
DIAL
Newburg
Ee Ee
Bond & Sb
Goodrich
Allied Chemical
Allied Stores
Homestake Mining
B. J. Am. Car & Fadry
Houd.Hershey
Ges & Illinois Central
Inland Steel
Inspiration -Copper Swift & Co. A
Int
Harvester
Harvester Pf. Timken-Det
Azle
Union Carbide
Am. Tel. & Tel
Tel
Union Pacific
United Airlines Am. Zinc
Keystone 8. & W
Armco Steel
U. S. Rubber
Armour & Co. .-O.-Ford Glass
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McN. & L
Western Union Tel
Mfg
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Nash-Kelvinator
Wor
Nairn
Pan Am
W. Airn
Chicago Mold P
Paramount Pictures Inter
Cellucatton Natural Gas
James
Container Corp Ism
McQua
Phelps Dodge
National Tool
Philip Morris
Nekoosa
Curtiss-Wright Radio Corp
Douglas Aircraft
Prentiss-Walters -O-Vac du Pont
Republic Steel
Gg Sa Steel
Scott Way
Baton Mig Cuneeeapeaial Roebuck
Geonor S. May
Ne Contrel di
Mutual Benefit of
Omaha
Health and Accident Insurance Com
R Hospital
Surgical ‘of
LOW Motor CO
DS Goto - Plemol
Communist Bloc
League of Nations
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Enteram
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Oslo
Norway
38Th Parallel
George Ge Washington
Robert
McDonald
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Taft
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Marquette
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Neeson
Melson Eral
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