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Newspaper
Moulton Eagle
Location
Moulton, Texas, United States of America
Date
May 02, 1947
Page
2
A Washington column notes soaring living costs hit fixed income groups and writes about rising wages and prices, hotel decline, costly housing projects, and overbuilt markets. The author voices frustration with Truman and Snyder, laments rent and fuel costs, and predicts continued inflation effects on daily life.
WNU Service reports a shift in the Greek revolt as guerrillas, though not all Communists, are led by Moscow trained leaders and indoctrinated in communism. The piece argues US aid aims to quell chaos by stabilizing security, feeding the population, and restoring normal economic life.
In St Cloud Minnesota a housing crisis spurred the creation of basement homes. Mayor Murphy underwrote the first five units in 1945 and the program expanded to 175 basements. Veterans such as Cliff Ganfield and Don Strack joined the effort building affordable 24 by 30 foot basements with living spaces.
The United States and Soviet Union show little progress in the Council of Foreign Ministers over the German peace treaty and Austrian settlement. Russian demands for heavy reparations and price pressures forecast higher living costs, with American diplomats noting wage trends and potential but limited concessions.
Alfred P. Sloan Jr. cites union labor demands as a factor in rising prices while the Texas City disaster unfolds with the Grandcamp and High Flyer explosions. Ammonium nitrate laden ships ignite chaos injuring and killing hundreds. Monsanto plant damages reach about 20 million. Firefighting and aid efforts span Houston Galveston and beyond as evacuees seek shelter. Article 51 suggests a potential automatic enforcement mechanism for illicit fissionable material concerns.
Washington reports that 1947 wheat production should meet domestic needs with a surplus. Winter wheat projected at 973,047,000 bushels and spring wheat at 265,000,000 bushels, despite only 140,000,000 bushels carried on farms as of April 1. High prices and export demand pushed farmers to sell, yet ample corn stocks and good quality reduce concern over oats and barley. Rye planting and growth were generally favorable, with December cold slowing but no major losses.
A collection of light sayings about social behavior and courtship. Observations contrast fortune seeking with genuine affection, and note on fashion choices and dog etiquette. The tone imitates a late 19th or early 20th century humor piece.
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