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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 25, 1951
Page
10
The Bureau of Labor Statistics says living costs from March 15 to April 15 rose only 0.1 percent, the smallest monthly increase since 1930. Food prices fell 0.2 percent, fruits and vegetables dropped, eggs down 2 percent, while meat rose 0.1 percent. Overall costs are now 84.6 percent above the 1935-39 base, reflecting postwar price trends and waning controls.
The text traces price trends from 1935 to 1946 with wartime pauses by the OPA, noting living costs rose 3312 percent from a base, then jumped 846 percent by 1950. It records revival of price controls under OPS in January after the postwar upsurge sparked by the Korean crisis.
June 1950 to April 1951 saw living costs rise 81 percent with food up 11 percent and rent up 32 percent. Fuel, electricity and refrigeration climbed 34 percent, house furnishings 146 percent, and miscellaneous services 6 percent. OPS controls raised costs further through January 1951 to April 1951, with food 1.7 percent, clothing 2.6 percent, rent 1.4 percent, furnishings 2.1 percent, and miscellaneous 15 percent. The new index method shows the period had an overall rise, unlike the old index. STOCKHOLDERS MEET New York May 24 Stockholders of Ox Fibre Brush Co. voted to split common stock 4-for-1 and reduce par value to 25 per share from 100 with a quarterly dividend of 30 cents on the new stock payable June 11 to holders of record June 1. The split yields 1.20 on old stock, of which 1.25 was paid March 9.
Washington May 24 President Truman urged Memorial Day observances to include prayers for permanent peace. He said the Korean War makes such prayers more important and noted the observance followed a Congressional resolution sparked by Carl M Saunders editor of the Jackson Citizen Patriot who won a Pulitzer for urging Memorial Day as a day of prayer for peace.
A May 2 1950 joint Congress proclamation urges observance of Memorial Day as a day of prayer for permanent peace. It invites Americans to reflect at 11 AM Eastern Time and asks the press and media to participate. The call comes as free nations confront aggression in Korea, stressing collective prayer for enduring peace.
Farmers increasingly use electric barbed wire to create temporary pastures efficient fencing reduces labor and allows rapid subdivision of grazing areas. This method supports flexible grazing plans and improved herd management in rural operations.
Walter P. Reuther head of the CIO United Auto Workers warned the Wage Stabilization Board that blocking a four cent auto production bonus would trigger immediate scrapping of a five year peace pact with the industry. He did not threaten a strike but said any penalty would force renegotiations between management and unions.
May 25 1941 Ye News reports a grand jury will hear the five-day case tied to a kidnapping suspicion. Henry Ford L McCracken, 34, led the push to renew demands dropped a year ago as a guitar player is held since Sunday.
Two first term Maryland Republicans, Senator John Butler and Representative James P. S. Devereux, will address the Young Republican Club of Carroll County at its spring dinner in Westminster. The article notes a scientific aside about the earth’s atmosphere weighing approximately 5.9 trillion tons.
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