President Discusses Foreign Aid And Trade Act Extension
President Truman spoke on continuing aid under the Marshall plan until recovery is assured, noting four years may be needed if Congress approves. He urged fast passage of a three year extension of the Reciprocal Trade Agreements Act, aiming for congressional action by March 5. The scene included jokes and light exchanges with reporters at Arlington VA.
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United States
Congress
White House
Reserve Officers Association
Arlington
Washington Daily News
Puc
Star
IMF
UNO
Senate
Truman
Rollins College
Fla
Long Beach Banks Record Set in 1948 Checks
Long Beach banks handled 1.9315 billion dollars in checks in 1948, an all-time city record and placing the city among the top 25 nationally for increase since 1940. December also set a record with 171.428 million in debits, a 5.8 percent rise over December 1947, as American Banker’s annual survey shows national banking volumes reaching 1.249568 trillion in 1948, with 114 cities posting over a billion.
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Long Beach
Bf American Banker
New ‘York City
United States
U. S
Oil field updates report multiple California wells
Hancock completes Quality 681 well at Cuyama flowing 467 barrels daily with 33.4 gravity from 3363 feet. Richfield adds producers in Cuyama and improves field potential with 936 barrels daily. Edison Union Pacific Unit No 1 near Newhall yields 455 barrels at 34.5 gravity. General Petroleum Pastracchio No 2 at Placerita 43 barrels net. Barnsdall R S F 73 5 at Porters 210 barrels in 15 hours. Hancock Signal No 3 under drilling at 9190 feet in Signal Hill field.
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Fancock Oil Co
Cuyama Esterday
Richfield
Richfield-Russel
Los Angeles
Edison Union Pacific
Newhall
General Petroleum Corp
Placerita
Barnsdall Oil Co
Porters
Hancock Oil
Signal Hi
Larger Rice Crop to Aid Needy
The U S Department of Agriculture estimates 1948 3019 rice production at 7 470 009 000 bushels with last year at 7 060 000 000 indicating prewar levels for the first time since the war and about 4 200 000 short tons available for needy nations.
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Washington
U. S. Department of Agriculture
Ie Department
Egypt Israel Armistice Talks End As Delegates Sign
Delegates signed five feather bound copies of the armistice agreement after six weeks of talks. Bunche thanked both sides for their patient effort and noted the agreement’s future need to settle Negev, Jerusalem, and Arab Legion areas through Trans-Jordan negotiations starting Monday. Egypt concedes that territorial questions await final peace settlement and Israel’s October and December advances in the Negev are cited as context.
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Bunche
Egypt
Israel
Negev
U.N. Security Council
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