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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 18, 1950
Page
5
New Orleans market notes that cotton futures advanced due to trade buying and short covering after bullish Washington signals. By 11:30 a.m. CST, prices showed increases of 80 cents to 2.40 a bale, with the May, July, October and nearby contracts all up.
Chicago on December 18 reports live poultry receipts at 38 loads with prices unchanged to a cent higher. Heavy hens 26 to 29 cents, light hens 23 to 24, roosters 27 to 33, fryers 23 to 24, old roosters 18 to 18.5 cents per pound.
Butter firm receipts for two days total 364 124 with wholesale prices steady to 0 25 higher per pound. AA 93 score 66.25, A 92 65.5, B 90 63, C 89 60.5. Eggs weak with 20 047 receipts two days. prices six cents per dozen lower to one cent higher. U S extras 53 54, mediums 52 53, standards 48 51, current 47, dirties 46, checks 43 45.
Livestock markets in Chicago report 12,000 salable hogs and 9,500 cattle as of December 18. Hog prices lift 50 to 75 cents with top hogs near 19.10, while sows strengthen to 16.75 17.50 for most good and choice weights. Cattle demand remains active with steers 32.00 38.04 per hundredweight and cows 20.50 23.00, bulls 25.00 27.75, calves 29.00 34.00 for medium to choice offerings.
Auto industry leaders react as government rollback order draws protests from Ford GM and Chrysler executives. The industry agrees prices must fall to prewar levels while wage and cost pressures prompt wage stabilization talks chaired by Cyrus Ching in Washington. Executives pledge cooperation but warn about mobilization needs.
Employed people can receive $100 cash quickly for holiday shopping under Aetna Finance Company’s Shopping Money Plan. Larger loans available for bills or debt consolidation with up to 20 months to repay for expenses or medical needs. Visit Aetna at 204 N Second Street in Ady to obtain immediate funds.
Workers' union leader Reuther criticized what he called discriminatory pin point price controls. He cited recent price boosts by General Motors as unjustified, noting models remain expensive while producers face rising costs and political friction.
Navy bombardments along the Korean coast near Hungnam with 45 000 ton battleship activity. U S third infantry division repels Chinese assault in snowy shore defenses as North Korean raids rise. FEAF air power claims heavy enemy losses while rail and town targets are struck nationwide.
The day featured four jets including Lt. Col. Bruce H. Hinton’s F-86 Sabre that shot down a Russian MiG-15 near Sinuiju, marking its first mission in Korea. The F-86 Sabre, part of a four-jet flight, set the world speed record at 670 981 miles per hour as it encountered no Red fighters.
Postal officials report a two day embargo on bulk mail through major gateways. Staffing increased from 24,000 to 37,000 to clear backlogs, with 6.5 billion pieces expected between Dec 5 and New Year’s Eve. By last Thursday 3 billion had moved, 6.62 percent above last year. Chicago hosts court showdown over rail strikes.
The conference included Cormack, Barkley, Lucas, and other leaders who listened to a military briefing from Defense Secretary Marshall and top service chiefs. Rayburn could not give a date for adjournment but expects a Christmas recess from Friday to next Tuesday.
President Truman urged workers to return to their jobs in a radio address as the nation faced a wartime crisis. Rail terminals were crowded with freight, perishables faced embargoes, and the post office restricted mail acceptances including the Christmas parcel post rush.
At an advance U S base in Korea on December 18, Lt. Col. Bruce Hinton piloted an F 86 Sabre to shoot down a Russian built MIG 15 ten miles south of Sinuiju amid a five minute aerial duel. Four Sabres pursued four MIGs as the rest fled toward Manchuria.
The Monroe News Star reports a man found not guilty on arousing DUI and driving without a license, changed to guilty, receiving 40 days in jail. R. V. Bailey got 10 days concurrent for theft of 20 pounds of pecans from Guy Stubbs. Two others pleaded not guilty, while R. B. Hayes got credit for jail time already served after pleading guilty to a $20 theft by check.
The Good Fellows group has grown for over a generation in aiding others during holidays. They dedicate many hours of toil to brighten lives and keep donations local. More funds are welcomed in the coming days to further the charitable effort.
Freddy Harden, of 306 South Eighth Street, received a ten inch cut in the left side during a Saturday night cutting scrape at Jack's Bar on Eighth Street. Harden said he was cut by Frank Staden after an argument. He was taken to Charity Hospital for treatment. No charges have been filed against Staden.
In fourth district court Monday Judge E. L. Gladney presided over two cases of unauthorized use of a movable. Charles Lawrence changed from not guilty to guilty while co-defendant Eugen Walker pleaded not guilty. Louis Arnold Linton of Shreveport was also named.
New York date December 18 Alfred Bergdoll 23 the son of the famed World War I draft evader pleaded guilty before Federal Judge Sylvester J Ryan to two counts of draft dodging He admitted failing to report for a physical examination on August 21 and reporting for induction on November 9, facing up to five years in prison and a ten thousand dollar fine.
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