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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 02, 1940
Page
8
Officials forecast 1941 cash income rising to 85.6 billion dollars from 74.1 billion, pointing to defense spending lifting consumer buying power for farm products. Farm marketings and government payments are seen at 9.5 billion, with crop production at a record level and granaries near full. Prices to farmers are slightly higher since the European war began.
Buenos Aires reports Britain quietly tightens ocean trade controls to curb supplies reaching Axis-linked nations. Navicert refusals affect Argentine cotton to Spain and fats and meats to France, with hints against Russian trade. Swiss firms store goods in Argentina while talks with French debt recovery unfold.
The regular monthly song fest sponsored by the Missouri Pacific Boosters Club at their clubhouse drew large crowds of singers and listeners from all parts of North Louisiana. S. A. Moss Booster president announced the event.
Allied forces start a retreat from Serbia as of December 2 1915 marking a strategic withdrawal noted by Associated Press. The move follows military developments in the Balkan theater during World War I.
DeWitt MacKenzie reports Mussolini efforts to reinforce Italy after Greek advances threaten the axis line from the Adriatic toward the sea. Greek gains, aided by British support, unsettle Balkan neutrality and potentially open a land route for allied actions.
The American schooner Maine journey from England to the Bahamas covered eight weeks with six crew, facing German air and submarine danger. Henry B. Clarke of Roslyn owned English aircraft factories and survived a foodless voyage ending at Nassau after a storm and broken wireless.
An unknown man threw two buckets of refuse at the U S embassy in Tokyo and splattered the gate posts. Embassy secretary William Turner spotted the assailant, who fled. Police and detectives were assigned to pursue the perpetrator while embassy staff cleaned the posts. Ambassador Joseph C Grew said the act appeared isolated.
Fred E. Logan, son of Mr and Mrs John T Logan of this city, has enlisted in the United States Army Air Corps at MacDill Field Tampa Florida, announced by Lieutenant Colonel Charles J Crawford recruiting officer in Jackson Mississippi.
William M C Martin Jr president of the New York Stock Exchange calls for private financing of defense industry to ease tax policy. He argues corporations could fund defense work via securities, enabling fair taxation and moderated borrowing, while noting current tax schedules are unsettled by proposed excess profits taxes.
Berlin reports say Germany may delay recognizing the Japanese backed Nanking regime in China while differences in details among the Axis powers persist. Netherlands status remains unsettled as its Tokyo minister continues. An American Auto poll lists top driver peeves and Bahamas Abaco isle residents trace lineage to two families.
President Roosevelt and Joseph P. Kennedy agreed on his resignation as ambassador to Great Britain, with no immediate successor named. The move comes as several European posts face vacancy and the United States tightens consortia amid ongoing military expansion and procurement.
Washington sources say large scale buys of motor vehicles clothing and housing facilities will occur as defense purchasing proceeds. The army has contracts totaling nearly 10 billion dollars and aims to raise trucks and autos to 186000. Navy obligations reach 5.35 billion with plans for 8900 aircraft by 1942 and a naval air force of 15000 authorized. Housing construction will rise in forthcoming awards to shelter draftees and defense workers.
The Navy Department announced a $127,200 contract for fuel oil to the Standard Oil Company of Louisiana on December 2.
Washington Dec 2 Two dogs that share daily duties with Senator Rush Holt Democrat West lay retire temporarily as Holt loses reelection and his term ends in January Old Fellow a 12 year old German shepherd cross and Kerry a white pedigreed shepherd familiar with Senate offices have long kept him company in the Capitol.
The First Methodist Church of West Monroe announces a campaign to retire a 4300 debt. Pastor Dr. C Karles Smith says the annual budget has been subscribed and urges all members to rally for a full payoff by year end.
An ad claims Prescription C-2223 provides relief for rheumatic pain muscular aches and rheumatic fever at low cost. It promises money back guarantees from druggists who sell it for one dollar or less and instructs buyers to use the full prescription name.
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