Gas Firm Plans FPC Rehearing On Pipeline Expansion
Memphis Natural Gas Co and the L G W division move to file for a rehearing with the Federal Power Commission over the plan to double pipelines from Memphis to Monroe Louisiana. The FPC dismissed the original approval on June 10 and the company may also seek action on extending lines from Monroe to North Lisbon Louisiana. In Washington the Library of Congress reports about 250000 documents added annually and price controls note blue stamps through V8 remain valid indefinitely.
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Memphis
Memphis Natural Gas Co
Light, Gas and Water Division
Federal Power Commission
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Washington
U of Price Administration
Fame Irks Ike as He Sees Himself in the Spotlight
Allied Supreme Commander Dwight D. Eisenhower dislikes sudden fame as Allied forces close on Hitler. Friends note his discomfort with public attention and prefer his informal, approachable manner. A wardroom anecdote shows him defusing a crowded meal by inviting a junior officer to stay and finish breakfast.
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Los Angeles
Moore
Roosevelt signs price control bill to extend stabilization
President Roosevelt signed the price and wage stabilization act for another year until June 30, 1945. The measure, passed after debate, updates ceilings for major textile items tied to parity cotton prices, while maintaining safeguards against inflation. The piece notes India’s 70 million Mohammedan population and language use.
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Roosevelt
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Cotton futures ease on liquidation and weather notes
New Orleans markets show futures down 45 to 85 cents per bale amid week end liquidation and favorable weather. Spot cotton closed steady with a 75 cent drop, gains in New York erased by trade selling and profit taking as futures slipped 30 to 70 cents.
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New Orleans
New York
Wheat and rye futures falter after strength in week
Chicago grain markets show a sharp drop from early highs as mill buying wanes. Wheat futures close 1/4 to 1/2 lower, July at 1.58 1/8 to 1/4, oats up to 3/4, July 0.761/4, rye down 11/8, July 1.083/8 to 1/4, barley up 1/8 to 3/8, July 1.22 3/8.
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Chicago
Hogs and cattle market notes from Chicago auction
Livestock prices show salable hogs totaling 15 500 with sows steady to down, weights 180 to 375 pounds priced up to 12.25 per hundred, 350 to 550 pound cows down to 9 75, calves 500 with best at 16 25. Cattle 1 500 and bulls weak to 2 0, stock cattle dull with 25-50 decline from week’s end.
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Chicago
Potatoes Market Report Chicago June 30
Potatoes arrivals 163 on track 4 total shipments 1 004 supplies moderate demand slow market barely steady California Long Whites U S No 1 3 50 60 commer cials 315 25 Arizona Bliss Triumphs U S No 1 4 54 Arkansas Bliss Triumphs generally good quality 3 40st
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United States
California
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Arizona Bliss
Arkansas Bliss
Turning the Tables in War Games on Maneuver
In Tennessee Pvt. Robert M. Courtright a Red infantry truck driver was captured by a Blue patrol. He led guards to what he claimed was the only stockade he knew and soon became a captive in turn, illustrating a role reversal in wartime maneuver.
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Second Army
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Robert M. Courtright
Blue
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Durbin Named State AAA Administrator in Louisiana
Baton Rouge June 30 G J Durbin of Baton Rouge named state administrator of the AAA by John Doles chairman of the former Louisiana AAA committee Durbin succeeds A C Smith who resigned to enter private business in Monroe Louisiana
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Plain Dealing
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Monroe
River Stage Readings Across States
24 hour river stage changes show rises and falls at Memphis Arkansas City and Vicksburg with notable values in Baton Rouge Cincinnati and Chattanooga Readers note shifts in stages across Tennessee Arkansas Louisiana and Ohio with several locations displaying rises and falls and one station reading 0.0 change.
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Wall Street closes amid gains on utilities and rails
New York stocks advanced with utilities and rail issues driving demand while steels paused and motors steadied. Dealings were lively but uneven as war news leaned bullish. United Corporation bolstered volume with blocks up to 40,000 shares and turnover neared 1.8 million. In Europe, a Berlin report said Colonel General Dollmann and five other German generals were killed in action in France.
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Markets at a Glance New York June 30
Stocks rise with utilities and rails advancing while bonds hold steady. Cotton declines as selling and profit taking persist. Chicago wheat weak due to hedge selling and reduced mill demand. rye weak from long liquidation and sympathy with wheat. Hogs slow but steady with top at 13.75 and over 5,000 held. Cattle and calves dull with no strictly choice offerings, top 16.25.
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