Packinghouse Workers Plan Nationwide Walkout Next Tuesday
Packinghouse workers threaten a nationwide walkout that could shut down about one third of the industry. The 27 member national strike committee met to finalize plans as a fact finding board may delay action for up to 80 days under Hartley law.
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Third Pipeline To East Coast Asked
The owners of the Big and Little Inch pipelines ask to build a larger third gas line from Texas to the Eastern seaboard. A proposed project valued at about 151 million dollars would double the current capacity to feed Philadelphia New York New Jersey and New England areas. The Federal Power Commission announced the plan amid gas shortages and to serve the growing Northeast markets.
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Market Reports From Lively Trading Session
Market activity closed with gains on radio stocks and rising television demand. The ticker stayed fairly active with 390 008 shares traded and a weekly total near 4 million, while the Associated Press stock index rose but weekly results were negative. Wright Aeronautical and Goodyear showed notable intraday milestones as investors watched tax cut and European debt program prospects.
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At A Glance Stocks and grain market notes form mixed week
New York reports steady stock mixed bonds with rail gains and cotton firm on Marshall plan hopes. Chicago wheat and corn rise on CCC cash buying revival while oats and hogs hold. Fort Worth cattle and hog markets show varied week totals with slaughter calves and stocker prices described. New Orleans and Houston data update middling cotton, futures rally then pullback as export plans loom.
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Britain Initiates Daylight Saving Time Tomorrow
Britain moves clocks forward one hour at 2 a m marking the start of daylight saving time, placing London six hours ahead of Eastern Standard Time. The change will end October 31. Market notes show May wheat futures down and soybeans mostly steady amid erratic trade.
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Britain
Rubber output rises in British Malaya after wartime boost
Rubber production in British Malaya climbs since World War II. Before the war the colony supplied half of global rubber, highlighting its key role in postwar market recovery and industrial supply.
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British Malaya
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