Truman Economic Council Optimistic Over Short Range
The Council of Economic Advisers reported a good short range business outlook but warned a mid to late year recession is possible without new adjustments. It cited the 1949 upturn, expected veterans insurance dividends of 2.8 billion dollars, and high demand for autos as factors shaping early 1950, with five key policy recommendations to sustain growth.
MENTIONED IN THIS ARTICLE
Washington
Council of Economic Advisers
Truman
Congress
Council
Veterans’ Insurance
Leon H. Keyserling
John D. Clark
Rail freight volume hits 10 year low in 1949
The Association of American Railroads reports 1949 rail freight total at 35,909,741 cars, down 15.9 percent from 1948 and 6,809,087 fewer than 1947. Grain products rose 4.7 percent, while overall efficiency hit new highs for speed and net ton miles per hour. Week ending Dec 31, 1949 totaled 495,634 cars, down 20.5 percent from the prior week.
MENTIONED IN THIS ARTICLE
Washington
Association of American Railroads
AAR
Futures In Cotton Open 20-50 Higher
Cotton futures opened 20 to 50 cents a bale higher in New York with March 30.88-89, May 30.87-88, July 30.41, and later deliveries near seasonal highs. Buying supported by mill and export demand, with mid-morning prices 10 to 25 cents higher.
MENTIONED IN THIS ARTICLE
New York
Car Production Tops 1949 Week
Detroit AP report shows US motor vehicle output for the week at 112,346 units with 94,631 cars and 17,715 trucks. Compared to last week 88,064 cars and 18,680 trucks were produced, and the year earlier period saw 70,765 cars and 25,336 trucks.
MENTIONED IN THIS ARTICLE
Detroit
United States
Ward
Demand For Pine Lumber Increases In 1949
Portland report notes Idaho white, ponderosa, and sugar pine lumber demand rose in 1949. Western Pine Association says total orders for the year were two percent above 1948. Local mills and traders look to sustained demand into the new year.
MENTIONED IN THIS ARTICLE
Portland
Ore
Idaho
Western Pine Association
Grocers Expand Warehouse and Office at HQ
Associated Grocers announces a ten thousand square foot warehouse expansion and a new six room office at headquarters on East Buchanan Street. R E Nelson vice president and general manager cites growth from 15 new members bringing total grocers to 150 as the reason for the expansion.
MENTIONED IN THIS ARTICLE
Associated Grocers
East
Buchanan Street
R. E. Nelson
Nelson
Lustron Seeks Plan to Stall Foreclosure on Loans
Lustron Corporation, the prefabricated housing venture started in Columbus by Carl G. Strandlund, files a reorganization plan to stave off foreclosure on $22 million of overdue government loans. The RFC notes $22,000,000 of the loans are in default.
MENTIONED IN THIS ARTICLE
Washington
Lustron Corporation
Lustron
Columbus
Ohio
Carl G. Strandlund
RFC
Drop In Farm Land Values Forecast By Federal Bureau
The Bureau of Agricultural Economics forecasts further decline in farm land values in 1950. Value index was 167 percent of 1912 14 average on Nov 1 1949, down from July 1 and down 6 percent from November 1948. California Tennessee West Virginia North Dakota South Dakota Nebraska Arkansas show largest declines. no state reports increases. Government controls likely to soften price drops. area effects vary with funding cuts and tighter bank lending on land.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Agricultural Economics
Pacific Coast
California
Tennessee
West Virginia
North Dakota
South Dakota
Nebraska
Arkansas
Bureau
Gains and Losses Of Fractions Hold Balance
NEW YORK, Jan. 7 AP The stock market held steady with faint early gains fading into buying apathy. Minor fraction changes kept a near steady balance as trading shifted from brisk to routine. Curtiss-Wright Cuban American Sugar St Regis Paper and others rose slightly while Bethlehem Steel U S Rubber United Aircraft Zenith Radio and Commonwealth Edison slipped a touch.
MENTIONED IN THIS ARTICLE
New York
Curtiss-Wright
St. Regis
Republic Steel
Chrysler
Douglas Aircraft
Lockheed
Schenley
Admiral Corporation
Continental Motors
Consolidated Edison
Homestake Mining
General Electric
N. Y. Central
Pennsylvania R. A
Emerson Radio
Gulf Oil
U. S. Gypsum
Bethlehem Steel
U. S. Rubber
United Aircraft
Zenith Radio
Commonwealth Edison
Dow Chemical
Southern Pacific
Columbia Gas
Goodrich
Trust Busting Quiz To Open On U S Steel
Washington January 7 AP Chairman Emanuel Celler said the House Judiciary Committee will resume monopoly inquiries starting with U S Steel Corporation. The panel plans anti trust bills before the hearings and will probe steel price increases and postwar merger undertakings including Columbia Consolidated Steel.
MENTIONED IN THIS ARTICLE
Washington
Emanuel Celler
New York
House Judiciary Committee
Truman
U. S. Steel Corporation
Celler
Congress
U. S. Steel
Columbia Consolidated Steel Company
Weekly Wool Market in Boston Starts Quietly in 1950
AP report from Boston notes a subdued opening to 1950 wool trading with little change in routine after New Year's. Activity focused on new price announcements for aequilled wools, ongoing inquiry for various wools, and firming CCC price advances in line with late 1949 trends. Prices and movements reflect continued manufacturing demand and foreign wool movement through ports, with some adjustments by the Department of Agriculture affecting pulled wool selling prices.
MENTIONED IN THIS ARTICLE
Boston
New Ear’s
CCC
Texas
New Mexico
Department of Agriculture
Bond market nudged higher on selective rail demand
Good demand for a select group of medium priced rails lifted the bond market in a brief session. Gains were small and not universal, with some rail issues inching up while others held or drifted. Missouri Pacific bonds showed activity but no clear trend after Washington reorganization news.
MENTIONED IN THIS ARTICLE
New York
Missouri Pacific
Fion
Washington
Katy
Baltimore
Obie
Central of Georgia
Colorado Southern
New Haven
Northern Pacific
American Telephone
United States
Congress Tepid On Economic Plan
President Truman’s economic recommendations drew a tepid reaction in Congress as 12 specific measures were presented. Key proposals included expanding Federal Reserve control over installment buying and raising RFC loan security periods, with mixed views from Senate and House leaders and Republican critiques urging less government lending.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
House
Senate
Federal Reserve Board
Reconstruction Finance Corporation
Rail Express Rate Increase Proposed by ICC Examiners
Two Interstate Commerce Commission examiners, Samuel R. Diamondson and Charles W. Berry, recommended a 10 percent rate hike for most Railway Express Agency business. They said revenues are inadequate to cover higher operating costs and taxes and to pay railroads fairly. Even with more volume, costs would still exceed revenue by over seven million dollars annually at current rates.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Railway Express Agency
Samuel R. Diamondson
Charles W. Berry
Express Agency
Diamondson
Berry
ICC
Retail Sales Slip In Week
New York, Jan. 7 (AP) Retail sales fell in the post-Christmas week ended Wednesday. Dun and Bradstreet said dollar volume was slightly below the previous year after New Year’s Day observance. Nationally, retail volume ranged from 1 percent above to 3 percent below last year with regional swings from the Southwest up 3 percent to down 1 percent.
MENTIONED IN THIS ARTICLE
New York
Dun and
Bradstreet
Southwest
Mrs. Pearl Brown Funeral Today
Funeral services for Mrs. Pearl Brown 69 of 1021 East McKinley Street proceed at 2 p m in Memory Chapel of A L Moore and Sons Mortuary. The Rev Charles S Kendall officiates. Burial is at Greenwood Memorial Park. She died at Good Samaritan Hospital after eight days of illness. A Texan native and Arizona resident for 38 years widow of Guy C Brown. Survivors include daughter Mrs James B Morris sister Mrs Lula Fulton and two grandchildren.
MENTIONED IN THIS ARTICLE
Pearl Brown
East McKinley Street
Good Samaritan Hospital
A. L. Moore and Sons Mortuary
Charles S. Kendall
Central Methodist Church
Greenwood Memorial Park
Brown
Texas
Arizona
Guy C. Brown
James B. Morris
East Garfield Street
Lula Fulton
del Rio
Tex
A—Deaths
Pearl
Servi
New Charles Ss
Kendall
Len Moore
Green- Burke
Emma Luella
Eas Roma
Latter Day Saints
Lakeside
Don L. Hansen
Lakesite
Eeery
Mortensen
Kingsca F . A. Razareene Chu
West Polk
B. G
Sad Ave
Hazard
Henry T. Forman
Alice
Ilbur Bluhm
Florence Cook
Francis
Agihiiney Fu
Haries
Mond Palms
Gripe
Lelandekin
Patie
Laurie Pollock
Phoenix
Aries Flock
Oenix
Compton
Payon
Dia Apatite
Eet Bevye
Vlna Pi
Riz
David and
Pieng
Reaper
Usband O
Marcos “de Niza Council
Knights of Columbus
St. Mary’s Church
Urial
St. Francis
Chen Foney
3Rd Ave
Oan
Foding A
Henry
Norway Grants Full Diplomatic Recogniton to China
Norway followed Britain and granted full diplomatic recognition to the Chinese Communist regime last night, marking a shift in recognition amid ongoing Cold War tensions.
MENTIONED IN THIS ARTICLE
Norway
Britain
Livestock market mixed gains across cattle hogs and sheep
Chicago and US Department of Agriculture reports show steers and heifers rising to 1.00 higher week over week with strong demand for stockers and feeders. Hogs steady to 25 higher with tops around 17.00 for selected 190-210 lb lots. Sheep and lambs show improvement, with good to choice lambs up and milder gains in ewes and feeder lambs amid active buyer interest.
MENTIONED IN THIS ARTICLE
USDA
Higner
Chicago
Colorado
Aime
Corn Dip Leads Grain Market Into Down Tilt
CHICAGO January 7 AP Grains tilted toward the lower side on the Board of Trade led by corn as cash grain receipts rose to over 100 cars. Wheat showed some resistance while mills supported bread cereal optimism. No foreign business reported. Cash corn receipts reached 104 cars, up from prior weekly levels. Directors authorized December 1950 futures trading and set January 23 as the last day for January lard futures trading.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Kansas City
Minneapolis
Duluth
Hutchinson
Kan
Government Price Support Investment Tops Record 3.15 Billion
The Agriculture Department reports that by Oct 31 the government's total price support investment in surplus farm products was a record 3,148,500,000 dollars. Wheat accounted for 1,108,000,000, cotton 724,000,000 and corn 526,000,000, with inventories including eggs butter beans dried milk cheese dried fruits and potatoes. Cotton led the outlays among owned commodities at 615,000,000 while the government-owned stock cost 1,692,478,677.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Senator Pushes 7 2-Cent Coin to Fight Inflation
Senator Sheridan Downey of California introduces a bill urging a seven and two cent coin as a tool against rising living costs. Proponents say a coin of that value would slow price increases on small items, with typical prices rising only to seven and two tenths cents.
MENTIONED IN THIS ARTICLE
Washington
Jan
INS
Congress
Sheridan Downey
California
Weather Forecast for Phoenix January 1950
Phoenix weather bulletin shows mostly clear skies with rising temperatures tomorrow after tonight frost. today’s high around 64 with morning around 26, low 29. humidity fluctuates. airport data lists wind and cloudiness, with a cold to mild trend and sunrise around 6:00.
MENTIONED IN THIS ARTICLE
Phoenix
Togaty Victor
Lepe
Hipper
Pecen
Peerature
Temp. Sinat
Saas
Buen Xx
Jeter Aipany
Aes Bu
Ig Amarillo
I — Nort
Atlanta
NY City
Blyth
Okla City
Omaha
Boston
Philadel
Br Peval
Affalo
Airport
Utte
Pitsligh
Yenne
Port
Chicago
1. C’cinnati
Presco
Cleveland
Pr’ Iance
Lawson
P’a P’co
del Rio
Quebec
Denver
Raleigh
Dmoines
Apidc
Dodge C
Hartfrd
Seattle
Showlow
Indapolis
Gpokane
Tucso
Kan City
Washoc
Lansing
Wichita
Vegas
Miami
Yuma
L. R. Jarwitz
U. Weather Bureau
Births Reported at Multiple Hospitals in January
Birth announcements from GOOD SAMARITAN HOSPITAL and ST. JOSEPH and other locations list newborns by parent and address. Names include GOOD SAMARITAN, UMLEY Mark, STARTUP Merwanane, TRUXLER Thomas, and others with sex noted as girl or boy and January birth dates.
MENTIONED IN THIS ARTICLE
Good Samaritan Hospital
Clatterbuck
Henry
South Seventh Street
Dobbins Road
Umley
Mark
East Portland Street
Perkins
Victor
Ait North 18Th Place
Porter
Robert
East Palm Startup
Merwinane
North 24Th Street
Truxler
Thomas
South 10Th
Glendale
Janu
ST. Joseph's Musena
Bassler
Willia
Granada Road
Davis
John
West Tonto Street
Eng
Leary
Apo
Marriage Licenses Burtons and More Across Cities
A list of marriage licenses shows Burton Gene 21 Tempe and Marilyn Joyce 20 Jerome. Hubert E Grammer 44 Mesa with Velma 49 Peoria. J E Haddon 45 Oklahoma with Fae 43 Phoenix. David A Hour 62 Lions Falls S D with Lillian Pearl 43 Seattle. Timothy Marietta Enos 20 Sacaton. Robert Er nest Metzger 23 with Jeanne 22 Phoenix. Hubert L Pepper 41 with Frances Jane 34 Phoenix. Leonard J Street 43 Pearl B 45 Phoenix.
MENTIONED IN THIS ARTICLE
Burton-Cook
Burton Gene
Tempe
Marilyn Joyce
Jerome
Grammer-Garrett
Hubert E
Mesa
Velma
Peoria
Haddon-Haddon
J. E
Oklahoma
Fae
Phoenix
Hour-Iverson
David A
Lions Falls
S. D
Lillian Pearl
Seattle
Wash
Marrietta-Enos
Timothy
Permelia
Sacaton
Divorces Granted in Local Court and Notices
Divorces granted for Ruth MecMannis and Sabina Paulsen with others noted as dismissed. The column includes legal notices, subscription rates for Arizona Republic and Gazette, and contact details for Phoenix newspapers. Also mentions a late entry on firewood and a public sale placeholder, with advertising rates and delivery offices listed.
MENTIONED IN THIS ARTICLE
Mecmannis
Ruth
Albert S. Paulsen
Sabina Kartehner
N. White
Frances
Gerald
2 Cards of Thanks Expressing Gratitude
The Dilis family extends thanks for flowers sympathy and kindness during a bereavement. Includes contact listings for local funeral and ambulance services in Mesa Arizona and a lost item notice with rewards. Also notes several auction houses and an upcoming sale schedule.
Also Mentioned on This Page
Truman Economic Council
Grocers
Federal Bureau
Burnet R. Maybank
South Carolina
Senate Banking Committee
Jesse P. Wolcott
Michigan
Paul H. Douglas
Illinois
Mrs. Pearl Brown
China
Germany
Japan
Canada
U.S
Camilla Failla
Bronx
N. Y
International Soundphoto
Bandit
Penny Gust
Bruce Meeks
Penny
Connie Marie Wheeler
Wayne, Mich
America
Henry Ford Hospital
ST. Monica’s
Poersley
Foy
Oliver. Tolleson
Boy
Juante
Antonio
el Mirage
Yancy
Walter
Ninth Avenue
Zumstein
Roy
East Panton View Road
Doris Sues
Bill R. Bonagen
Aurelia M. Sues
Florenio R
Grantham
Ola Sues
Monroe
Oleta
Milton C. Cemer
Howard F. Sues
Pat Reed
Robert Sues
Elinor Eerie
Risdon
Marilynn F. Sues
Don W
Schwartz
Evetta Sues
Eugene J
Ray
Esther
Frank F
E. Tonto
Republic and Gazette Phoenix Newspapers, Inc
East van Buren
P. OU
Aieaiaas
Esa
West Main St
Ei Main’ St
Republic—M. and
Gazette
Republic
M&s
Sun
Mail
PRESSED _ PRESS INTERNATIONAL
Advertising Index
Delp
Setae
Sasczes
Oseces
Corogen Ter
Keeley
Cnetes
Dilis
L. Moore & & Sons
Iene
Jj—Flowers
Millie
Central Phoenix Floral CO
Central
South Central
Cal
A. Thornton
Manfield
Ocker Paniel
Brizona Park
Jo Ann Comer
North
Warren
Jae White
Jolly
1St Street
McKinley
Erriers
Per P
Brunk’s
Roosevelt
Reliable House
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