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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 16, 1950
Page
10
New York observers weigh whether spring stock increases presage another postwar inventory boom and recession like 1948 49. Some see momentum from rising durable goods sales and May production highs, while others caution that gains mainly in retail wholesale stockrooms mask uncertain consumer spending shifts and factory demand.
Consumer spending remains steady as high income savings, unemployment insurance, crop subsidies, and government outlays support demand. Commerce data show spring income at 212 billion annual rate. 1948 end and 1949 figures cited. Debts rise with record installment credit and home mortgage debt at 37.2 billion. 126,000 new houses started in April, boosting furniture and appliance sales and driving broader inventory considerations.
London May 15 Russia protested to Tehran that Iran uses American experts to take serial photographs along the Iranian Soviet frontier. Moscow radio said border surveys during oil prospecting are militarily significant and foreigners should not conduct them. It accused Iran of pursuing aims incompatible with good neighborly relations and urged Tehran to remove the abnormal position. The oil company is said to bring in American equipment and hire American experts for topographical geological work.
Annapolis May 5 1951 Governor Lane named a nine member commission to study the need for periodic motor vehicle inspections. A bill for semi annual inspections by private garages failed in committee. a state operated plan would begin in 1951. Members include Arthur H Brice Col Carey Jarman J Cavendish Darrell John Rostmeyer C FE Wise William H Bishop J Marshall Stewart and Edward F Holter.
Baltimore May 15 General Omar N Bradley voiced dissatisfaction with Alaskan defenses stating the situation needed swift review and stronger measures. He cautioned against complacency and urged coordinated action to bolster remote defense readiness.
The Joint Chiefs chairman told an Association of Commerce audience that Alaska is the focal point as installations face disruption and ruin if commitments are not honored, signaling high importance of timely completion.
A fragment notes concerns about defense readiness in Alaska. The text hints at official awareness of defense measures but provides no concrete actions, dates, or entities to specify further details.
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