Trend of Stock Prices for Past Week Analyzed
A market review notes Monday's Dow action with a 5 point drop on 4,340,000 shares, followed by partial recovery through Thursday. It cites Korea tensions, election news, potential tax and policy shifts, tighter credit rules, and a predicted gradual recession with rising unemployment, advising investors to hold cash and remain bullish on long term equities.
MENTIONED IN THIS ARTICLE
Daw- Jones
Korea
Congress
82Nd Congress
Federal Reserve Board
Market outlook amid election sway and deflation risks
The analysis notes light volume, a ceiling near 229-232, and potential test of recent lows with a possible November low of 220. It cites uncertainties from Korea, taxes, and controls, plus the Fed's anti inflation stance. Armament spendings may lift into 1952-53, keeping an overall recovery in sight and a long term objective of 235-245 before year end.
MENTIONED IN THIS ARTICLE
Nore
Momndar
Korea
Federal Reserve
Eure
Butter and Poultry Prices in Los Angeles Market News
Federal state market report from Los Angeles on November 11 notes jobbing butter prices to retailers with Grades AA and A, and lists Grade A and related carton prices. It also covers poultry prices for broilers, fryers, hens, and roasters with weights and hauling considerations, reflecting market movements and consumer price expectations.
MENTIONED IN THIS ARTICLE
Federnl State Market News Service
Los Angeles
Amiss
Livestock Market Steady Amid Week of Fed Offerings
Chicago Nov 11 livestock market held steady as weeklong offerings flooded the market. Cattle and sheep saw varied gains with sheep reaching a November high, hog prices up to a dollar. Reports note top cattle at around 8.25 and mixed load prices, while feeder and slaughter values moved within narrow ranges as demand remained active.
MENTIONED IN THIS ARTICLE
Chicago
Hoxs
Sizand
Howleé Lamba
Vance
Wweek
Colorado
Tate
Ted
Pearce
Ste
Ewer
U S May Buy Up 1950 Potato Crop for Price Support
Washington, Nov 11. The Agriculture Department official indicated the government will likely purchase about 400 million bushels of the 1950 potato crop for price support. A new survey pegs the crop at 430.591 million bushels, 28.5 million more than last year. So far, 24 million bushels have been bought at $14.5 million, with the rest expected through late spring as surplus is cleared.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Congress
Pasadena Officials Summoned to State Education Hearing
Pasadena public school officials led by Superintendent Willard E. Goslin are called to a two day state Senate Education Committee hearing. The inquiry will probe educational policy and possible subversive interference with school operation. Goslin has faced calls to resign over progressive education reforms.
MENTIONED IN THIS ARTICLE
Pasadna
Pasadena
Willard E. Goslin
Apear
State Senate Education Committee
Nelson Dilworth
R.hemet
Dilworth
Goslin
Board of Education
Minneapolis
Sen. Idsworth
American Association of School Administrators
New York
A. P. Wholesale Index Rises With Fourth Weekly Gain
The Associated Press wholesale commodity index climbed to 194.01 this week from 190.45, marking the largest weekly gain since mid July. It stands at 160.32 a year ago, with three groups industrials, grain and cotton, and nonferrous metals hitting new 1950 highs. All six component groups contributed to the gain.
MENTIONED IN THIS ARTICLE
WEW
Wholesale Price Index Climbs to New Highs
The week ended November 7 saw wholesale prices rise to 170 percent of the 4926 average, near the August 1948 peak. The index is 3 percent above the June 20 level, 0.2 percent higher than the prior week, and 12.1 percent above a year ago. All commodities except farm products and food hit a new high, 9 percent above June 20.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Labor Statistics Index
Security Markets Observe Armistice Day Holiday
New York November 11. Ally markets in the United States and Canada were closed today in observance of Armistice Day. British markets normally close on Saturdays.
MENTIONED IN THIS ARTICLE
New York
Ally Security
United States
Canada
Weeklong Business and Industry Snapshot Amid Election Effects
New York reported reduced business activity due to political holidays but industries operated near peak. Steel mills ran at 103 percent capacity and paper mills at 109 percent, while auto production and freight activity eased. Retail trading showed slower fall upturns, yet there were signs of a strong holiday season with 35 shopping days until Christmas and high employment income fueling optimism. Prices moved up across sectors as cotton futures hit historic highs and stocks rallied post election, with crude oil output steady and electric power near record levels.
MENTIONED IN THIS ARTICLE
New York
New Orleans
U. S. Steel
Australia
New York Exchange
Wall Street
Good Fall Weather Boosts Farmers Big Crop Outlook
In a semifinal crop report, the Agriculture Department says fall seeding is well advanced aiding a possibly record 1951 crop. Great Plains enjoy ideal conditions with adequate topsoil moisture. Corn quality improves, with an estimated 3.165 billion bushels, above goals, setting stage for larger livestock feeding. Secretary Brannan urges higher next year for safe reserves amid global tensions. October saw higher yields for soybeans, cotton, potatoes, tobacco, and fruits, while buckwheat and sweet potatoes declined slightly.
MENTIONED IN THIS ARTICLE
Ashington
National Defense
Great Plains
Branjaan
Arrest Slated in South Whipping Rally
Conway South Carolina reports an Armistice Day Ku Klux Klan rally planned amid recent white farmer bullwhipping and a drive by robed knights on a Negro nightclub. Sheriff says an arrest is expected today in the home invasion case involving Rufus Lee, a 52 year old farmer.
MENTIONED IN THIS ARTICLE
Conway
S.C
Ku Klux Klan
Thomas Hamilton
Carolinas Klan
Myrtle Beach
Here
Rufus Lee
C. E. Sasser
Town Honors Crew of Gift Bomber Spirit of Freeport
Freeport residents honor the air and ground crew of a B29 bomber bought with bond funds. The Spirit of Freeport is the first bomber returned from active duty in Korea, a veteran of World War II and Pacific theater combat.
MENTIONED IN THIS ARTICLE
Freeport
Korea
Air Force
Pacific
Rent adjustment offices to aid L A landlords
Los Angeles announces six local rent administration offices to speed rent increases for landlords with four or fewer units. 22 member Los Angeles Rent Advisory Board approved the plan. Applications can be processed in 48 hours, followed by notices allowing a 15 percent increase within 30 days, effective by Jan. 1 if approved, though current law expires Dec. 31. Picketing landlords dispute the move, insisting rent lids remain in place despite the council’s earlier resolution.
MENTIONED IN THIS ARTICLE
Los Angeles
William G. Barr
Federal Rent
Tighe Wood
Lea Ansee Rent Advisory Board
Hera
Barr
Small Approved as Chairman of Munitions Board
John D. Small longtime civilian production leader in World War II is named chairman of the government munitions board by President Truman aboard the Williamsburg. The 57 year old New York executive succeeds Hubert How ard and will oversee procurement, production plans and the national security stockpiling, subject to Senate confirmation. Small hails from Palestine Texas and is a U S Naval Academy graduate.
MENTIONED IN THIS ARTICLE
Washington
John D. Small
Civilian Production Administration
Munitions Board
Presidential Truman
Williamsburg
Small
New York
Hubert Howard
Louis Johnson
Defense
Senate
Congress
Palestine
Texas
U. S. Naval Academy
Drafting of 4 F s for Limited Service Urged
A committee in the Army surgeon general’s office proposes drafting men currently classified as 4-F for limited Army service. Col Barner Bowers, chief surgical consultant, told the Association of Military Surgeons that Selective Service should stop outright rejections and classify such men for limited duty based on capacity to expand usable manpower.
MENTIONED IN THIS ARTICLE
New York
United Army Service
U. S. Army
Arner Bowers
Army
Association of Military Surgeons
Col. Bowers
World Aid Rated Vital in Defense of Civilization
Philp D. Reed, president of the International Chamber of Commerce, warned at the Society of Naval Architects and Marine Engineers banquet that a new isolationism would be dangerous. He urged the United States to seek European aid, stressing civilization must be defended together and not by Americans alone.
MENTIONED IN THIS ARTICLE
New York
Philp D. Reed
International Chamber of Commerce
United States
Society of Naval Architects and Marine Engineers
Atlantic
Gets 40 Days Wife Beater Pays on Installment Plan
Richmon d Virginia November 11 Charles Johnson jailed to begin a 60 day sentence which will take eight months to serve. Domestic Relations Court Judge R Dixon Powers ordered him racked up two days per week Tuesday and Sunday until the sentence is completed. Johnson punished for beating his wife to support his family the rest of the week.
MENTIONED IN THIS ARTICLE
Richmond
Charlies Johnson
Henrico County
R. Dixon Powers
Johnson
Two WWII Experts Named to Co-ordinated Manpower Plan
Washington officials announced steps toward a centralized manpower program for defense with Anna Rosenberg named as assistant in charge of manpower and Obert C. Goodwin directing the new Labor Department manpower agency. Edward Keenan Arthur Motley and Leo Werts are slated for key roles as the plan takes shape under Defense Secretary Marshall and Labor Secretary Tobin.
MENTIONED IN THIS ARTICLE
Ashington
Defense
Marshall
Anna Rosenberg
Office of Sense Manpower
ODM
Labor Department
Obert C. Goodwin
Rosenberg
Goodwin
War Manpower Commission
WMC
World War IL
Defense Department
New York
Franklin D. Roosevelt
Manpower Commission
Indiana Doctor Says Slain Men Tried Blackmail
In Muncie Indiana a local physician Dr Jules F La Duron says two brothers Siebert Carter 27 and Ralph Carter 35 blackmailed him with charges of illegal operations He signed a statement admitting the killings and denying the brothers accusations He previously admitted shooting the men and police described the blackmail as professional in nature
MENTIONED IN THIS ARTICLE
Harry Nelson
la Duron
Fraud charges against eight in TV talent school case dismissed
Eight defendants including Betty Jean Thompson Joseph D Roseborough Allen D Norkin and others saw fraud indictments dropped by United States Judge Leon R Yankwich in Ferral Court for lack of evidence in a case accusing them of charging applicants $100 for memberships in a television talent school and guild amid a grand jury probe.
MENTIONED IN THIS ARTICLE
Los Angeles
Ferral Court
United States
Leon R. Yankwich
Inesterda
Associated TV
Betty Jean Thompson
Joseph D. Roseborough
Allen D. Norkin
Richard S. Nielsen
Douglas V. Neale
Gordon Tharp
Charles J. Chop
Matthew M. Lomonoco
Convicts Install Still Found Under Oklahoma Penitentiary
McAlester Oklahoma November 11 prison officials today sought to capture thirsty convicts who set up a whisky still in a tunnel beneath the state penitentiary. Guards Sgts H Brown and Jack Carter discovered the apparatus in a steam tunnel under the prison light plant. The still consisted of eight 55 gallon milk cans connected by copper tubing to a five gallon paint bucket. A five gallon milk can held corn meal yeast and Irish potatoes.
MENTIONED IN THIS ARTICLE
Mcalester
Okla
Oklahoma
State Penitentiary
Sgts
H. ¥. Brown
Jack Carter
Attlc
Reds Peace Congress Likely Delayed by British Visas
London reports indicate a World Peace Congress delegation filtered through stricter British security as visas were checked. Only Picasso among French delegates reached London. Moscow radio criticized Britain while Britain issued visas to 40 of 88 Russians.
MENTIONED IN THIS ARTICLE
London
World Peace Congress
Britain
Sheffield
Prague
S Aid
Frederic Joliot- Curle
Gueeldene
World Peace Committee
French Atomic Energy Commission
Thar
Pablo Picasso
Moscow
Konstantin Simonov
Early Trial Date for Puerto Rico Gunman Unlikely
Washington November 11 Government hopes for a quick trial of Oscar Collazo appeared doomed. Prosecutors expected Dec 1 start but court attorney Leo A Rover said he cannot prepare by then. Collazo and Griselle Torresola attacked Blair House on November 1 in an assassination bid on President Truman. Coffelt, a White House policeman, was killed in the gun battle.
MENTIONED IN THIS ARTICLE
Washington
Oscar Collazo
Hays
Leo A. Rover
Collazo
Griselle Torresola
Blair House
Truman Torresola
White House
Tides and Temperatures for Sunday November 12
Sunrise at 6 22 a m and sunset at 4 52 p m mark the day with moonrise at 9 50 a m and moonset at 7 22 p m Tides show high at 9 84 a m 6 7 feet and low at 3 32 a m 2 3 feet with a 5 29 p m low of 1 1 feet Foregoing statistics by U S Coast and Geodetic Survey.
MENTIONED IN THIS ARTICLE
U. S. Coast and Geodetic Survey
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Ry H. DE LA
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Carport Sans
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Viniiy
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SF. Manila
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Francisce
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U.S
A. P. Wholesale Index Rising
G. A. Phillips
By Ovid A. Martin
L.A
World Aid
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Reds
Puerto Rico
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Francis — Buffato
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Pr. Worth Ae
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Fresno
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