Stock Exchange Opens Amid Moderate Activity
New York prices opened with modest gains across several smaller items. Key names moved in tight fractions as U S Rubber and Radio Corporation advanced while steel and automakers showed mixed signals.
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Feb 27, 1950
Page
2
New York prices opened with modest gains across several smaller items. Key names moved in tight fractions as U S Rubber and Radio Corporation advanced while steel and automakers showed mixed signals.
Stock quotations list major companies and industries including Armco, Boeing, General Electric, US Rubber, Westinghouse, and United Aircraft. The article covers government contempt hearings against John L. Lewis, court orders ending the coal strike, and the broader impact of coal shortages on schools, brownouts, and emergencies. It notes miners’ resolve for a contract, and IDs court clerk Harry A. Hall and UMW leaders amid ongoing talks with government officials.
Three area Junior Achievement units place items among the nation’s top 20 JA projects. From 240 entries, 20 products were selected for orders of 30 units each. Local winners include Novelty Crafters shadow box shelf Armco Junior Craftsmen sleeve ironing board and Felt Crafters felt Christmas stocking. An open house is set for March 14 at the Civic Association auditorium from 7 to 9 p.m.
The report lists varying wholesale and consumer grade prices for poultry and butterfat as well as potato ranges. It also notes Ethiopia’s royal family asserting descent from King Solomon and the Queen of Sheba.
The Steel magazine reports steel production has fallen 8.5 points since month start and may drop 20 to 30 points soon. A nationwide curtailment threatens unemployment and food supply as power shortages hit plants, schools, and homes. 40,000 United Mine Workers face new contracts, while coal is rationed in many cities and several states declare emergencies. Governor Lausche warns Ohio coal is acute.
Chicago report notes Henry Wale Jace's Progressives vow to seek respectability by opposing Red label stigma. They urge targeting districts with a win chance while backing pro progressive candidates or closer aligned Republicans or Democrats in weaker areas. Wallace and allied strategists outlined this approach.
The 8000 ton United States Lines freighter Pioneer Dale was attacked by a bomber off Tsingtao China. Captain James F. Knowlton reported one bomb dropped six lengths astern, ship strafed with one slight casualty. Vessel proceeding seaward awaiting orders. crew of 50.
William N. Hardy aged 80 and longtime manager of the Pennsylvania Newspaper Publishers Association died after a three month illness in Harrisburg. He led the association for 21 years and was a prominent figure in state newspaper circles.
A cluttered listing highlights WPFR Morgan's Folly Ome Val Rotin breakfast shows and WJFB Provieo Farm segments alongside a dense slate of Channel 4 WLW and WKRC programs. The schedule features Ruth Lyons, Judy Sprintecs, Howdy Doody, Kukla Fran and Ollie, Captain Video, and Pauper's Penthouse among many others.
Ohio obituary notes funeral services at 11 a.m. for Mrs Louisiana Ransburgh Griges who turned 100 last December 10 and died Sunday. Also reports a fire destroyed a Pentecostal Church in Ohio City near Van Wert with estimated losses of $10,000.
Local notices list deaths of Gene Mirfield Carl Kinney Ruth Flagg Clyde Lawson Richard Leidy Arthur Stokes and others. Funeral details include services dates times and attending firms McCoy Leffler and JG Smith among others.
Police blamed labor trouble for a brick and stink bomb hurled through the window of Brandon's Cleaners and Tailors, Inc. in Cleveland. Fred W. Heyman and two other owners had spent the previous day painting and redecorating the interior. police estimated damage at $90.
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