Senate Eyed Potato Price Fight Looms Today
Senate action centers on potato price supports as Thomas and Lucas clash over ending subsidies. Brannan reports limited ability to discard surplus stock while Aiken backs a market order plan to sustain supports. Debate pivots on feeding or selling surplus and potential loss to taxpayers in ongoing farm aid battles.
MENTIONED IN THIS ARTICLE
Wile’ Wieser Toscias
Sethomas
Oklahoma
Brannan
Thomas
Senate Agriculture Committee
Scott W. Lucas
Illinois
Senate
Congress
Lucas
George D. Aiken
Vermont
Florida fruit prices slip on Northern auctions
Florida oranges and grapefruit declined on Northern markets while tangerines rose 15 cents to 2.34 a half box. Interior Florida oranges fell to 5.28 a box and Indiana River oranges to 5.69. Grapefruit dropped 37 cents to 4.99 a box. Tangerine juice production shows progress though the project remains experimental.
MENTIONED IN THIS ARTICLE
Lakeland
Fila
Florida
Indiana River
Fancy Temple
Des Moines Grocer Marries For Fourteenth Time
Harry T. Miller a 70 year old Des Moines grocer weds his fourteenth bride Florence Swisher aged 40 the former Mrs Swisher’s second marriage Miller previously served a term for bigamy adding a noted twist to the ceremony in the city.
MENTIONED IN THIS ARTICLE
Harry T. Miller
Des Moines, Jr
Florence Swisher
Miller
Coal Output Slump Amid Coal Strike Anxiety
New York trading day shows aimless, cautious activity as markets drift on coal strike tensions. Stocks mostly fractional changes with limited gains in Chesapeake and Ohio, Packard, and United Corporation while steel and auto shares hold firm or dip slightly. London markets swing after national elections with demand for industries facing potential nationalization.
MENTIONED IN THIS ARTICLE
Chesapeake
U. S. Steel
Carnegie-Illinois
London
House of Commons
New York
Goodrich
Douglas Aircraft
National Distillers
American Cyanamid
Union Pacific
Transcontinental & Western Air
General Electric
Youngstown Sheet & Tube
Studebaker
General Motors
Anaconda
Dow Chemical
Union Carbide
Philip Morris
American Woolen
Twentieth Century-Fox
March Wheat Reaches New Seasonal High On Demand
Wheat futures surged to a new seasonal peak at 2.22 to 2 1/4 dollars a bushel as March contracts climbed. Industry reports noted large open interest and cash bean liquidity supporting corn and oats while private reports of light showers in Amarillo tempered gains.
MENTIONED IN THIS ARTICLE
Chicago
Amarillo
Texas Panhandle
Oklahoma Panhandle
Italy
Great Britain
Cotton Futures Irregular As Markets Open Higher
Cotton futures opened scattered and uneven with 15 cents a bale rise and 10 cents fall across contracts. March did not trade early, midmorning quotes ranged with March 32.40 bid, May 32.70, July 32.29, and New crop delivery activity steady on commission house buying amid anticipated acreage cuts for the year. New Orleans and locals were on the selling side as parity trends influence loan bases for the 1950 crop.
MENTIONED IN THIS ARTICLE
New York
Jly
New Orleans
March
Army Buy-In U S Provision Sought in Budget
Senator Chan Gurney of South Dakota vows to press for a provision in the Army appropriation bill requiring that food for the armed services be purchased domestically. He notes the 1950-51 bill lacked this requirement while last year a clause barred non U S produced food or clothing except under specified conditions.
MENTIONED IN THIS ARTICLE
Washington
Chan Gurney
South Dakota
Army
United States
Bolivia to Buy Wheat From Bunge in New York Credit
The Ministry of Economy in La Paz set aside an $80,000 credit to purchase 10 000 tons of wheat from the Bunge Corporation of New York. The move reflects Bolivia's effort to secure grain supplies and stabilize domestic food costs amid regional market pressures.
MENTIONED IN THIS ARTICLE
LA Paz
Bolivia
Ministry of Economy
Bunge Corporation of
New York
Wholesale Prices Rise as Index Hits 152.2 in Feb Report
The Bureau of Labor Statistics reports that wholesale prices in the United States edged up .2 of 1 percent for the week ended Feb. 21. The index stood at 152.2 percent of the 1919-26 average, up 1.2 percent from a month earlier and 3.8 percent higher than the same week in 1949.
MENTIONED IN THIS ARTICLE
Washington
INS
Bureau of Labor Statistics
United States
Tax Collections Slump Amid 1949 January Declines
The Internal Revenue Bureau reported January tax receipts fell 214.9 million dollars from a year earlier, totaling 3.465 billion versus 3.679 billion in January 1949. Individual income taxes dropped 118.0 million, corporate incomes down 263.6 million, while liquor, tobacco, and manufacturers' excise taxes rose, and liquor and tobacco profits helped offset some losses. Retail sales taxes declined about 7 percent, sparking talk of halving President Truman's proposal to cut those taxes if offset elsewhere.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Bureau
Truman
Tax Evasion Charged Rail Defrauding U S Tax 1943
United States District Court suit charges Western Pacific Railroad Company with defrauding the U S Government of 12 768 712 income taxes in 1943. Complainant S Roberts of San Francisco says a holding company loss of 75 000 000 was used to offset tax liability. The holding company named is Western Pacific Railroad Corporation.
MENTIONED IN THIS ARTICLE
San Francisco
United States District
Western Pacific Railroad Company
U. S
S. Roberts
Western Pacific
Western Pacific Railroad Corporation
Thomas M. Judson
Vatican
Ambrose W. Vernon
Hanover
N. H
Alice C. E. Vernon
Louvre
Paris
William Henry Vernon
Marie Antoinette
Judson
Transatlantic airline fight heads to deciding round
The battle over Pan American World Airways buying American Overseas Airlines for 17.45 million and granting access to London and Frankfurt to TWA enters oral arguments before the Civil Aeronautics Board. Justice Department weighs in as rivals warn of a potential monopoly in transatlantic routes.
MENTIONED IN THIS ARTICLE
Pan American World Airways
American Overseas Airlines
Pam Am
Trans World Airline
London
Frankfurt
TWA
Civil Aeronautics Board
CAB
Pan Am
AOA
Truman
Europe
U. S
England
Scandinavia
Poland
Berlin
Moscow
Vienna
Istanbul
India
Azores
Lisbon
Barcelona
Marseille
Nice
Ireland
Paris
Rome
Cairo
Madrid
Algiers
Tunis
Russia
Justice Department
Pan American
United States
New York
Pit Strike Slows All U S Trade
A demoralizing coal shortage grips the nation with a strike between United Mine Workers and coal operators. Railroads cut schedules. retail stores face brownouts. unemployment soars near 10 percent. If coal moves slowly, steel production may drop sharply as mills curb blast furnaces.
Branches Consolidated in Canada into Dominion Brake Shoe Co
American Brake Shoe Company announces consolidation of all Canadian subsidiaries into Dominion Brake Shoe Company Limited, a wholly owned subsidiary. Joliette Steel Limited and Ramapo of Canada Limited assets and business are acquired by Dominion.
MENTIONED IN THIS ARTICLE
New York
American Brake Shoe Company
One
Dominion Brake Shoe Company, Limited
Joliette Steel Limited
Ramapo of
Canada
Dominion
Rail bonds ease as coal strike pressures market
New York Feb 27 AP rail bonds eased gradually as the coal strike persisted into a new week reducing demand. Treasury bonds held steady while investors awaited a coal dispute settlement. Notable loss shown by Baltimore and Ohio with January net income turning to a deficit of $835,443 versus $1,116,702 a year earlier.
MENTIONED IN THIS ARTICLE
New York
United States Treasury
Baltimore and Ohio
B & O Southwestern Division
Boston & Maine
Illinois Central
M-K-T
Pittsburgh
Cincinnati
Chicago & St. Louis
Southern Pacific
New Haven
Pennsylvania Railroad
Chicago & Entetan St Balls “Ainneapuise Maha Cago
Paul
Minneapolis
Railway
Chicago
Special Meeting Called for Salt River Valley Water Users Association
A special meeting of the Salt River Valley Water Users Association is set for Thursday March 2 1950 at 10:00 AM in the Water Users Building Phoenix Arizona. The agenda covers a rehabilitation program with the US Bureau of Reclamation and a revision of the by laws. WITNESS hand February 24 1950. Chairman L C McManus.
MENTIONED IN THIS ARTICLE
Salt River Valley
Atea Users’ Association
Salt River Valley Water Use Association
Phoénix Arizona
United States Bureau of Eclamation
Also Mentioned on This Page
OOO
Bureau of Mines
Commodity Credit Corporation
America
Phoenix
Arizona
Yvette Madsen
Andrew Madsen
Jacqueline Henneman
Indianapolis
Ind
Syngman Rhee
Gen
Douglas MacArthur
Tokyo
Detroit
Sherman Downs
Donald Austin
Sunshine State
Merald
Griffin
South Florida
Stan Wee
Gables
Sky
Miami Herald
Business Mirror
U.S
United Mine Workers
Iron Age
Applewhite Mortgage & Investment Company
Luhrs
L. C. McManus
J. F. Griswold
Secretar
New York Stock Exchange
Benton M. Lee
Ficks & Tompane
North Central Avenue
van Buren
Home Owned—Home Operated
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