Business and Industry Week Outlook from New York
The defense program begins to impact business with inventories and shifts to military production rising, while industrial output stays rapid. Large expansions are announced by GE and Minnesota Mining, with 50,000 unfilled jobs and production cuts at Kaiser-Frazer. Prices, wages, and stock markets show mixed signals as inflation fears ease slightly and gold rises.
MENTIONED IN THIS ARTICLE
New York
General Electric Company
Minnesota Mining & Manufacturing Company
Washington
Kaiser-Frazer
Stromberg Carlson Company
Office of Price Administration
General Electric
Don & Bradstreet
Michael V. DiSalle
Erle Johnston
Admiral “Radio Corporation
New York Stnck Exchange
Itte Capelzance
Trend of Stock Prices for Past Week Analyzed
An analysis of stock trends notes Korea as a market driver and suggests first quarter earnings show mixed results due to the excess profits tax. It highlights disparities between companies, cites steel and aircraft sectors, and urges investors to monitor tax impacts while remaining confident in long term market potential.
MENTIONED IN THIS ARTICLE
Tims
Washington
Gen. MacArthur
Korea
William Kurtz
EB. F. Hutton & Company
New York
United Kingdom
Bureau of Labor Statistics
Market Viewers Expect Continued Rise: 253-261 D3 Outlook
By FB de LA CHAPELLE Fine Webe Jackson Curtis Analyst the situation suggests no change from a week ago with a likely 253-261 D3 zone and a probable failure to run from the rails indicating a selling opportunity from a trading standpoint. 252 should hold any reaction as today’s move marks a minor correction. the industrials rise to 954 may resume early next week.
MENTIONED IN THIS ARTICLE
NA West
Commercial & Financial Chronicle
Ira A. Cobleigh
Rail Crash Kills Two Near Glasgow Station
Two trains carrying soccer fans to Hampden Park for the Scottish Cup final collided near Pollokshields Station. Two men were killed and about 70 people were injured, with twenty-five hospitalized. Rescue crews cleared wreckage within 30 minutes.
MENTIONED IN THIS ARTICLE
Glasgow
Scotland
Hampden Park Stadium
Pollokshields
Gers
Possen Swifta
Bus Wreck Kills 18 Injures 20 in Philippines
Manila reports 18 people died and 20 injured when a bus toppled 43 miles south of Bantin after veering off a highway into a railroad cut. Authorities say the accident occurred early today as passengers were en route on the highway segment.
MENTIONED IN THIS ARTICLE
Manila
Bantin
UC Regents Balk at Ending Appeal in Oath Battle
UC regents vote not to appeal the court ruling that the loyalty pledge is unconstitutional but file for rehearing to keep litigation alive. Regent Neylan seeks reconsideration of several close votes, keeping the case active until the May 25 meeting. Governor Warren urges end to the dispute as the university seeks stability.
MENTIONED IN THIS ARTICLE
Davis
Calif
University of California Regents
Third District Court of Appeal
Sacramento
Francis Neylan
Neyland
Regents
Neylan
San Francisco
Earl Warren
Warren
Edward A. Dickson
State Assembly
Sam L. Collings
Lt. Gay
Goodwin J. Knight
Edwin W. Pauley
Bradley. Ahlpatt
State Supreme Court
Supreme Court
Textile Price Index Hits New 1951 Low in Week
New York April 21. Wholesale textile prices as measured by the Associated Press commodity index fell to a new 1951 low this week though overall wholesale prices were unchanged from last week. The index held at 210.05, down from 456.96 a year ago, with textiles and livestock and nonferrous metals down while grains and cotton rose slightly. Industrials were unchanged.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Moscow Brass to Aid East Berlin Red Feta
Western newspapers report that high guests from Moscow are expected in East Berlin for the fifth anniversary of the Socialist Unity Party. Special security measures include a barred spur track at Marzahn station and a Soviet train seen near the Berlin Frankfurt Oder line.
MENTIONED IN THIS ARTICLE
Berlin
Moscow
East Berlin
Socialist Unity (Communist
Frankfurt
Oder
Marzahn
Ohio Mother Slain as Children Sleep
Newark Ohio April 21 a 23 year old Newark mother was choked and beaten to death in the front room while her two small children slept undisturbed upstairs Police found Mrs Richard Loewendick in her home Robert Jamison 25 a close friend is held in Newark city jail for questioning
MENTIONED IN THIS ARTICLE
Newark
Ohio
Richard Loewendick
Loewendick
J Robert Jamison
Newark City
Sydney Chile map flight completes Pacific mapping
Sydney Australia April 21 Captain P G Taylor landed the Frigate Bird II at Rose Bay Base ending a voyage across the Pacific from Sydney to Valparaiso Chile and back. The flight aimed to map a trans Pacific route for future commercial air traffic.
MENTIONED IN THIS ARTICLE
Sydney
Australia
Upy
P. G. Taylor
Rose Bay
Pacific
Valparaiso
Chile
Taylor
No Concert For Girl Pianist After Injury
In Haverhill Massachusetts on April 21 Carol Jane Yannalio fourteen was hurt playing softball. She broke the third finger of her right hand yesterday, forcing cancellation of her piano recital at the First Baptist Church tonight.
MENTIONED IN THIS ARTICLE
Haverhill
Mass
Carol Jane Yannalio
First Baptist Church
Miss Yannalio
New Body to Probe Military Spending
A new seven man House subcommittee on armed services spending was created to oversee procurement by the Army Navy Air Force and Marines. Led by Rep Hebert the panel has subpoena powers and oath authority with John J Courtney as chief staff. The goal is proactive oversight rather than after the fact probes.
MENTIONED IN THIS ARTICLE
Ashington
Uaay
Vinson
D-Ga
House Armed Services Committee
Army
Navy
Hebert
D-La
Truman Senate
Truman
New House
John J. Courtney
Department of Justice
Reps
Fisher
D.-Texas
de Greffenried
D.-Ala
Clemente
Elston
H-Ohio
Anderson
R-Cali
Towe
R. Hebert
Three New Holes Slated for City Harbor Land
Oil field news reports Long Beach Oil Development Co plans three new wells W-206 W-237 and W-238 on Wilmington Gelden City harbor land under a drilling notice filed with the Division of Oil and Gas. Seaboard Oil secures water shutoff approval at Nich field-Kirschenmann 78-22 in Cuyama Valley and proceeds with production testing.
MENTIONED IN THIS ARTICLE
City Harbor
Wilmington Gelden
Long Beach Oil Development Co
Division of Oil and Gas
Seaboard Oil
Nichfield-Kirschenmann
Cuyama Valley
South Cuyama
Richard D. Montgomery
Manastey
Richfield Oil
Richfield
Land Department
A-bombs Lead Scientist Avers Can Prevent War
Dr Vannevar Bush, head of the Carnegie Institute, told a Minneapolis audience at the University of Minnesota dedication that free world atomic superiority can prevent World War III and create a stalemate in Europe. He warned a future war could be vast in toll but believed the free world would win if such a conflict occurred.
MENTIONED IN THIS ARTICLE
Minneapolis
Vannevar Bush
Bush
Europe
University of Minnesota
Carnegie Institute
Washington, D. C
Ten Lost in Baltic Sea Listed as Dead
The Navy announced that ten crewmen of a patrol plane shot down April 8 last year over the Baltic Sea have been legally declared dead. The incident sparked a heightened U S Russian tension amid a training flight from Weisbaden to Denmark when intercepted by Russian fighter planes.
MENTIONED IN THIS ARTICLE
Baltic Sea
Bay Postmaster Dies
Santa Monica postmaster Philip T. F. HI, age 61, who served for 14 years in Santa Monica, died at Santa Monica Hospital last night.
Government Men Ponder Artist Entry Petition
The Justice Department weighs Maurice Chevalier’s request to enter the United States. State officials examine if he is barred under the 1930 Internal Security Act for Communist or totalitarian ties. Paris reports Chevalier sought a visa to film in Hollywood, and he is due in Montreal by ship next Tuesday.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Maurice Chevalier
United States
State Department
Chevalier
Internal Security
Communist Party
Paris
Hollywood
Montreal
Canada
Marriage of Egypt King Due May 6
Akhbar El Yom reports 17 year old Nariman Sadek King Farouk's fiancée will appear as queen at Abdin Palace on May 11. Royal wedding planned for morning of May 11, marking the 15th anniversary of Farouk's succession to the throne.
MENTIONED IN THIS ARTICLE
Carko
Apri
Akhbar el Yom
Narriman ‘Sadek
Farouk
Egypt
Abdin Pallace
Weather Statistics From Long Beach Lifeguards
Friday's weather statistics show tides and temperatures with sunrise at 5:15 a.m. and sunset at p.m. Moonrise and moonset times are noted. High tide 9:37 a.m. and 4: p.m. Low tide 12:48 p.m. at 1.2 ft. Water temperature recorded, general conditions described. Data credited to U.S. Coast and Geodetic Survey.
MENTIONED IN THIS ARTICLE
U._ Bi Coast and Geodetic Survey
Long Beach
MacArthur Apology Parley Signals Truman Talks at Wake Island
The Times summary reports General MacArthur told President Truman and Wake Island conferees that he no longer feared U.S. entry into the Korean War and that UN forces were stronger. He predicted a Korea operation nearing completion by Thanksgiving 1950 and a Christmas return of most troops to Japan, while urging the Second Indian Head Division for Europe. The Wake talks urged harmony, a rehabilitation program, a rapid Japanese peace treaty, and a Truman Pacific doctrine to deter aggression, with Truman opposing Formosa occupation to avoid instilling imperialist fears.
MENTIONED IN THIS ARTICLE
Times
MacArthur
Wake Island
Omar N. Bradley
Joint Chiefs of Staff
United Nations
Tenth Corps
U.N
Japan
Europe
the Times
Wake
Washington
United States
Truman
Pacific
Korea
Formosa
Asia
MacArthur Speech Recordings Hit the Market
Gen. MacArthur’s congressional address will be released for public purchase. Chicago Tribune will sell the speech on long playing and standard discs at cost starting Wednesday with prices from $1.85 to $3 by mail. Columbia Records and RCA plan issue of complete recordings next week. WOR will market in the New York metropolitan area starting Monday with long plays carrying the full speech.
MENTIONED IN THIS ARTICLE
New York
MacArthur
Congress
Chicago
Chicago Tribune
Columbia Records
RCA
WOR
Mutual
New York City
Hollywood Students Held in Theft Inquiry
Hollywood police questioned two high school students after a burglary spree in Beverly Hills and Hollywood. A buried cache contained watches jewelry guns radios and a television set. Warren Wilson 17 and Philip Strizl 16 were taken into custody after a youth tipped off investigators.
MENTIONED IN THIS ARTICLE
Hollywood
Beverly Hills
Hollywood High School
Warren Wilson
Philip Strizl
Jury Weighs Four Berling Verdicts
The judge urged careful deliberation as jurors weighed four counts in the Berling case. He explained involuntary manslaughter and the need to prove guilt beyond reasonable doubt. Miss Berling defended herself against allegations of injuring Kay Frances in a sadistic sexual orgy involving claimed occult influences.
MENTIONED IN THIS ARTICLE
Miller
Miss Berling
Dep. Dist. Attys
Ted C. Sten
Thomas W. Cochran
Kay Frances
Albert J. S. Ramsey
Air Guardsmen to Drill at Santa Rosa Base
SACRAMENTO April 21. All California Air National Guard units will train two weeks at Santa Rosa starting August 19. Maj. Gen. C. D. O'Sullivan said the 144th Fighter Wing and various Alameda units along with Hayward squadrons will participate. The 195th Fighter Squadron and Weather Station at Van Nuys will also attend.
MENTIONED IN THIS ARTICLE
Sacramento
California ‘Air
National Guard
Santa Rosa
iMaj
C. D. O'Sullivan
144Th Fighter Wing
Alameda
11Th Air Force
561St Air Guard
144Th
144Th Fighter Group
148Th Airr
Hayward
van Nuys
O'Sullivan
MacArthur Tops Kefauver on TV in New York
New York report shows General MacArthur’s parade was viewed on 43.6 percent of homes between noon and 1 pm. Hooper rating for his Congress speech reached 487 percent, beating last month’s 343 percent from Senate crime committee hearings in New York.
MENTIONED IN THIS ARTICLE
New York
Phe
Gen. MacArthur
New York City
Hooper
MacArthur
Congress
U. S. Senate
Widow Follows Mate in Sudden Death
LEVERLY HILLS April 21 Mrs Edna Stone 70 attended the funeral for her husband Wallace D Stone 76. Two hours later she joined him in death and her ashes were placed beside his in the same chapel marking a double burial after a day of illness and tragedy.
MENTIONED IN THIS ARTICLE
Leverly Hills
Edna Stone
Wallace D. Stone
Parade Spectator Hit By Object In MacArthur Parade
New York April 21 47 year old Mario Riccobono of New York with a head injury fought for life in critical condition after being struck by two sharp objects possibly a paperweight thrown from a window during the MacArthur parade. Seventeen others were treated for minor injuries among about 7 500 spectators.
MENTIONED IN THIS ARTICLE
New York
Mario Riccobono
Casulty
Riccobono
Beatrice Wood Chooses MacArthur Birthday Celebration
Mrs. Beatrice H C Wood objects to sharing her birthday with President Roosevelt and announces a personal notice to celebrate January 26 with General MacArthur instead. She notes she has long celebrated in May but will switch, citing her birth early in the morning and a willingness to follow the general’s birthday. Vernon D Wood, her husband, is a Republican financial counsellor.
MENTIONED IN THIS ARTICLE
Los Angeles
Beatrice H.C. Wood
Truman
Gen MacArthur
Mrs. Wood
Wood
Vernon D. Wood
Old Soldiers Never Die Stirring Tin Pan Alley Boys
New York writers adapt the line Old Soldiers Never Die from General MacArthur’s speech into new songs while Gene Autry and Bing Crosby plan recordings. A West Point spokesman and others trace the ballad’s origins to 1855 with Abbey Butchinahon and soldiers from World War I era.
MENTIONED IN THIS ARTICLE
Tin Pan Alley
New York
MacArthur
Congress
West Point
Gene Autry
Columbia Records
Sala
California
Bing Crosby
Crosby
Hollywood
Also Mentioned on This Page
By Richard Fiske
Man-ones
Paul H. Macgregon
Ff. Hatten & Compiny Analyst
Intriale
de LA Chapelle Fine
Webe, Jackson & Curtis
Steel
Mr. Cabieigh
Balks
Industri
Mets
Moscow Brass
Red Feta
By Emmet EF. Riordan
Office of Price Stabilization
OPS
Bruce K. Brown
Petroleum Administration For Defense
Santa Fe
Dudisp and
Graham
Hellmen Poume No
Seal Beach Eld
Signal Hill
Shell-Irvine Ranch
San Joaquin Hills
General Petroleum
Gosford
Helm
Ford No. 1
Wilmington
Southern California
Stetson
Avalon
Qaf
Newport
Greanside
Batridge
Barbara
Beaumont
Pasadena
Santa Monica
Burbank
Qgiemo Robies A
Averafield
Hellipeil Tadinnarolis
Kansas City
Baron
Nas Viste
East Laks City
Brownavilie Ag
Ens
Ratti
Erandecs
Heaton
Bn Mediard
Yanne
Auuacaspana
Pitteblaha
Berling
Jergins
Fred Miller
Press-Telegram
N.Y. Times
Mac
Ing
Santa Rosa Base
Kefauver
Ito Mac
London Daily Express
Charles P. Summerall
U. S
Sumeraill
Abbey Butchinaon
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