Raw Cotton Price Ceilings Set by Federal Office
The Office of Price Stabilization fixed a basic ceiling of 45.76 cents per pound for raw cotton both sold by merchants and by farmers. The rule applies to white middling 15/16 inch Area One from several Carolina counties. variations depend on grade length and location. The ceilings reflect highest market prices from Dec 19 to Jan 25. OPS Director Michael V. DiSalle said the order will reopen exchanges Monday, though New York traders expect a delay. DiSalle warned lack of farm-level controls could spur inflation in cotton textiles.
MENTIONED IN THIS ARTICLE
Washington
Office of Price Stabilization
Area One
North
South Carolina
New York
Memphis
New Orleans
OPS
Michael V
DiSalle
Cotton Exchange
U S. Plans a Russia Targeted Village Image
The State Department will issue a 24 page pamphlet in Russian and 17 other languages to portray life in an American small town Lebanon Connecticut as a model of democratic community. Nearly 500000 copies will be distributed behind the Iron Curtain to counter Kremlin propaganda and show American friendliness and ingenuity.
MENTIONED IN THIS ARTICLE
Lebanon
Atlantic Ocean
United States
Goetlieb Laibrandt
Louis Himmelstein
Russia
Clarence Geer
Acron
Abolish RFC Kem Demands
Sen. Kem of Missouri called the Reconstruction Finance Corporation corrupt and urged Congress to abolish it. He blamed President Truman for inaction and tied the RFC to unsound loans amid a Senate inquiry into alleged favoritism and influence in loan approvals. The subcommittee, led by Sen. Fulbright, also pursued tax transcripts and examined loans to E. Merl Young and others.
MENTIONED IN THIS ARTICLE
Washington
Kem
R-Mo
Reconstruction Finance Corporation
Congress
Truman
Missouri
RFC
Senate Banking Subcommittee
Sen
Fulbright
D.-Ark
Subcommittee
Internal Revenue Bureau
E. Mer
Young
White House
Pennsy Rail Trial Set Over 84 Deaths in Disaster
The Pennsylvania Railroad pleads innocence to 84 manslaughter indictments stemming from the Woodridge rail disaster. Trial scheduled for April 9 in New Brunswick New Jersey. Indictments named each commuter who died in the February wreck of The Broker, returned by a Middlesex County grand jury in February.
MENTIONED IN THIS ARTICLE
NEW _ BRUNSWICK
N. J
Pennsylvania Railroad
Woodridge
Midgreeey County
New U S Bond Aims to Fight Inflation and Debt
A compromise among top officials proposes a new government bond at 2 percent interest exchangeable for old long term bonds totaling 19 billion dollars. Banks and insurers hold most old bonds. new bonds will be nonmarketable to curb lending that fuels inflation. Treasury and Fed announce plan amid Truman and congressional leaders praise.
MENTIONED IN THIS ARTICLE
Washington
Ccut
Treasury
Federal Reserve Board
Truman
Congress
Secretary of
Snyder
Federal
Arop
Federal Serve
Theaters Offered as First-aid Stations
National Theaters Amusement Co has offered its 450 theaters in 19 states to civil defense authorities for emergency shelters or first aid stations. President Charles P. Skouras said the circuit will also host civil defense meetings during off hours and help disseminate defense information via official motion pictures and announcements.
MENTIONED IN THIS ARTICLE
Hollywood
National Theaters Amusement Co
Charles P. Skouras
Shotgun Blast Ends Norwalk Couple's Tiff
Norwalk deputies report a domestic dispute over a hedge ended when Michele Gomez 24 shot her husband Joseph in the abdomen with a .410 gauge shotgun. Gomez was hospitalized at Los Angeles General. she says she shot him after he struck her. he says it was an accidental discharge during cleaning.
MENTIONED IN THIS ARTICLE
Norwalk
Michele Gomez
Leggit St
Joseph
Reig
Artificial Heart Valve Prevents Blood Backflow
Georgetown University surgeons announce a perfected artificial valve for malformed hearts to replace the aortic valve. The plastic device, tested in dogs with no fatalities in 150,000 insertions cited, aims to prevent backflow and aid about 1,000 Americans with diseased valves.
MENTIONED IN THIS ARTICLE
Washington
Georgetown University Heart Surgeons
Thes Atceversity’s Medical Center
United States
O Dwyer Suffering From Pulmonary Congestion
City page notes O Dwyer is suffering from pulmonary congestion after a recent attack. March 33 date appears in the item with limited details and no additional names or places provided.
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