Foreign hand seen in exchange strike in New York
Judge Frederick H. Hackenburg said outsiders backed by a foreign government stirred mass picketing and disorders in the Wall Street strike. John Flynn, 32, Seafarers International Union member, received a suspended one year term on a third degree assault charge amid arrests in the March 31 disturbance.
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Stool Exchange
Frederick H. Hackenburg
Special Sessions Court
Financial District
United States
Moscow
Wall Street
John Flynn
Seafarers International Union
Seafarers Union
United Financial Employee
Stock Exchange
Flynn
Flood siege nears crest across Columbia and Snake
Floods across the Columbia and Snake rivers push 59,000 homeless as dikes fail and crews rush to shore up defenses. In British Columbia, Hatzie island break isolates Dewdney while Port land braces for the crest. President Truman plans a June 11 area tour as relief funds are sought.
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Col. J. Toogood
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Hatzie Island
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Lower Columbia
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Trail
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U. S
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Congress
Red Cross
Oregon
Air Force
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Calif
Louisiana Senate debates tax bills and budget figures
Senator Calhoun and colleagues clash over how to fund a $135000000 budget with a $147000000 revenue forecast, urging return of tax bills for study while opposing steep levies. The chamber advances a beer tax raise and keeps a two year gasoline tax, with adjustments to timber severance rates and municipal distribution plans.
Final tax bills ready for passage in Louisiana Senate
Baton Rouge reports the last administration tax bills approved by the senate finance committee with amendments, emergency measures that become law upon Gov. Earl Long's signature. Floor action on sales beer and coin operated games delayed by routine matters. Senate to vote today, with cross-chamber sign off next week.
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House
Senate
Lessley P. Gardiner
Opelousas
Senate Finance Committee
Earl K. Long
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Puckett Willis
Sikes
New Orleans
St. Tammeny Parish
Hammond
Earl Long
Commencement remarks urge educated citizens to defend democracy
Dr. Sachs warns that educated Americans must blend passion for country with informed thinking to preserve democracy and prevent war or fascism. He contrasts vocational focus with broad civic responsibility, urging graduates to engage in problem solving beyond schooling. Awards, diplomas, and musical interludes follow the address during the Fort Miro graduation ceremonies.
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Sachs
Dr. Soecha
Jane Birdsong
Chopin
Eleona Brinsmade
Fort Miro
Oscar McDonald
Betty Shlenker
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Harold Curry
Jean Phelps
Virginia Mitchiner
Frances Johnson
Buster Stevens
Foster Bond
Guy Elliott
Vienna Woods
Strauss
Beverly Martin
Lydia Jarmen
H. H. Benoit
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American policy criticized as aiding Japan in return for China aid
Ambassador Stuart spoke at a foreign press conference approved by the State Department, denouncing anti American agitation over Japan. He warned that Chinese student protests, including 538 Shanghai professors, oppose U S policy while noting the wider U S program to aid China during its postwar crisis and rehabilitation.
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Markets at a Glance in New York and Chicago
New York markets show stocks down on late selling while bonds hold steady. Cotton and grains slide with weak wheat and corn as midwestern showers forecast. Hogs steady to 50 cents higher, top 24.75, while cattle remain unevenly firm to 25 cents lower, peaking at 36.00.
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New York
Chicago
Mid-West
Cotton futures slip as week end liquidation hits New Orleans markets
New Orleans reports show July cotton at 36.65 after a 68 cent drop from 37.33, with other months down 20 to 45 cents. Spot cotton closes steady at 1.75 lower, with receipts 1,079 and stock 115,288. New York prices slide amid funding cut fears and weak textile demand.
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New Orleans
New York
House Appropriations Committee
New York Stocks End Mixed After Early Decline
The New York stock market tried a faint comeback after an early drop, but losses widened in the final hour as selling grew more aggressive. Aircraft shares fared slightly better. overall activity was light with about 1 million shares traded for the session, while bonds held steady.
MENTIONED IN THIS ARTICLE
New York
Grain Futures Fall as Selling Pressure Wipes Out Gains
Chicago grain markets slipped with wheat, corn, oats, and soybeans all closing lower across July and Sept contracts. Wheat fell to 2.31 3/8, corn around 2.16 7/8, oats near 92, and soybeans at 4.16 1/4 for July, signaling broad selling through the session.
MENTIONED IN THIS ARTICLE
Chicago
Livestock Prices Chicago June Preview
Chicago June 4 report shows salable hogs 9 000 total 12 000 with top 24.75 and bulls, sows, and calves moving widely. Cattle salable 2 000 total and calves 400 total with loads and tops noted for 1 200 lb steers at 36.00, beef cows up to 26.50, canners 16.00-19.00, and stock cattle mainly 22.50-25.00 depending on weight and condition.
MENTIONED IN THIS ARTICLE
Chicago
USDA
Potatoes Market Strengthens as Shipments Rise
Potatoes arriving nationwide reach 95 on track 180 with total U S shipments 1,232. Supplies remain moderate while demand stays good and the market edges higher. Alabama Bliss Triumphs priced at 5.40 and California long whites quoted 4.40 to 4.60 per unit.
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Chicago
USDA
U. S
Alabama
Poultry Prices Steady in Chicago Market
Chicago June 4 live poultry prices are steady with no change as receipts reach 13 trucks. USDA notes no movement in prices across products.
MENTIONED IN THIS ARTICLE
Chicago
USDA
Butter And Eggs Market Report Chicago June Fourth
Butter firm with higher prices and large receipts. U S extras and A grades shown, prices held steady to up three cents a pound. Eggs steady with mixed shifts in U S extras, standards and current receipts, markets reflecting light end of week volume.
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Chicago
U. S
De Sylva Granted Cut in Payments
Santa Monica California June 4 The film producer George Buddy de Sylva was granted a $100 monthly reduction in child support payments for his son born out of wedlock. The Superior Court reduced the monthly payment from 750 to 650 after March 10 1949. His lawyer cited that continuing payments granted last February to Maris Ballentine would encourage women to think they can live in luxury by having a baby.
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Santa Monica
Calif
George
Buddy) de Sylva
de Sylva
Maris Ballentine
House Cuts ECAs Budget and Truman Tour Adjusted
The House trimmed a large overseas aid package for Western Europe and Greece, reducing the ECA fund and related allocations. The move adjusts aid over 12 to 15 months, with further amendments possible. President Truman scheduled major talks across Omaha Seattle Berkeley and Los Angeles while floods in the Northwest alter his itinerary including Spokane and Olympia.
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Truman's pre convention tour heads to Chicago and West
President Truman plans improvised talks during a pre convention sweep with stops in Fort Wayne and Gary and a Chicago Stadium address marking a Swedish immigrant centennial. he travels from Washington to Los Angeles on June 14 with no Democratic national committee representation aboard the train.
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Singing Convention Forecast In Louisiana Area
The state singing meet features groups including The Wonder State Quartet Crossett The Allen Brothers Quartet Alexandria The Jeffress Quartet Crossett The Gospelaires Quartet Shreveport Herschel Foshee and his Stamps Baxter Quartet Little Rock with Garland May Monroe as vice president Miss Elizabeth Rogers Farmerville secretary Bennie Hickman Alexandria sergeant at arms Millard Sills Jena chaplain Dixie White West Monroe committee member on arrangements Loudspeakers provided by Cobb Radio Service Monroe Roark Brothers Monroe piano furnished by Roark Brothers Monroe An invitation extended to all.
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Cobb Radio Service
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Roark Brothers of
Discovery of New Comet Reported by Honda
Tokyo reported by Kyodo News Agency that astronomer Minoru Honda located a new comet at 12 23 p m E S T on Wednesday. The object was fourth magnitude with a second magnitude tail, moving westward near Perseus in the northeast pre-dawn sky. Honda is with Kurashiki Observatory.
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Tokyo
Minoru Honda
Honda
Kyodo
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Kurashiki
Paraguay Leader Morinigo Faces Rival Coup Threat
Political observers view moves by Liberato’s removal and Gonzalez’s refusal to quit as a climax in a bid for power by Morinigo and Gonzalez. Morinigo’s crackdown on parties left Gonzalez as the sole candidate, while reports say Gonzalez fears Morinigo aims to cling to power by strengthening the army. Morinigo, in office since 1940 after Estigarribia’s death, faced a civil war last year that ended with a government victory after seven weeks and a two-week siege of Asuncion.
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Latin America
Labor showdown looms as Oak Ridge strike deadline nears
C I O and I L W U leadership prepare for a New York meeting to draft mutual aid plans while a major dispute at Oak Ridge atomic lab heads toward an 80 day injunction expiry. Carbide and Carbon and the A F of L Atomic Trades clash. NLRB report shows 771 to 26 vote against the latest offer. If unresolved, the president must report to Congress.
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Harry Bridges
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Pioneer National Emergency
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Judge Holds Secret Conference With Hopkins and Call
A state court judge summoned Hopkins and John C. Call to chambers after a noon session for a confidential conference. It was believed the attorneys would report to Goldsborough this morning on the negotiator’s dealings with individual group members.
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Hopkins
John C. Call
Goldsborough
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