Rising Imports Held Key To Export Goal
Pread P Dunn Jr director of the National Cotton Council of America argues that long term export viability after Marshall Plan ends hinges on a bolder U.S. foreign policy to boost foreign purchasing power. He cites a $6 billion trade gap and suggests expanding imports, tourism, and investments while planning a farm program for cotton to meet price competition from synthetics.
MENTIONED IN THIS ARTICLE
Pread P. Dunn, JR
National Cotton Council of America
International News Service
Memphis
Tenn
United States
Export-Import Bank of Washington
New Fresno Manager Leads Cardinals In 1949 Season
Fresno California January 23 Roland LeBlanc has been named player manager of the Fresno Cardinals in the California Baseball League. A former Pioneer League pennant winner with Pocatello in 1948 he previously steered Winston-Salem in the Carolina League from near the bottom to second place last year.
MENTIONED IN THIS ARTICLE
Fresno
Calif
Roland LeBlanc
Fresno Cardinals
Pocatello
Winston-Salem
FHA Considers Lower Rate On Mortgages
FHA Commissioner Frank D. Richards said the agency is seriously weighing a rate cut for government insured home mortgages though no decision has been reached. Most FHA loans stand at 4 1/4 percent, while GI loans and big rental-project loans carry 4 percent. talks with the Veterans Administration could mean GI rates rise to 4 percent while FHA moves to the same level.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
FHA
Frank D. Richards
Richard
Veterans Administration
Level Holds Near High Of 32 Years
New York stock market held near a 32 year high as traders waited for President Truman to address taxes. Trading was narrow with a few stocks moving, coal miners partially back at work, and a slight overall tilt higher among rails steels motors oils and chemicals. Leaders included Chesapeake & Ohio Nickel Plate Sinclair Oil U S Steel Chrysler Montgomery Ward J I Case American Smelting American Woolen National Distillers while General Motors Studebaker Santa Fe Union Pacific Caterpillar Douglas Aircraft and General Electric lagged.
MENTIONED IN THIS ARTICLE
New York
Truman
Congress
John L. Lewis
Chesapeake & Ohio
Nickel Plate
Sinclair Oil
U. S. Steel
Chrysler
Montgomery Ward
J. I. Case
American Smelting
American Woolen
National Distillers
General Motors
Studebaker
Santa Fe
Union Pacific
Caterpillar Tractor
Douglas Aircraft
General Electric
Opening of 56th ASHVE Annual Meeting in Dallas
About 2,500 delegates were expected in Dallas for the opening of the 56th annual meeting of the American Society of Heating and Ventilating Engineers.
MENTIONED IN THIS ARTICLE
Dallas
Tex
American Society of Heating and Ventilating Engineers
Arizona Cotton Yield Tops U S in Per Acre Output
Arizona led the nation in cotton yield with 700 pounds lint per acre from a record 540000 bales on 373000 acres, the highest ever. Major production came from Pinal and Maricopa counties, with farm practices, improved seed, and fertilizer cited as factors. Defoliation and costs to produce a bale are outlined amid acreage limits for 1950 and concerns over land use and water costs.
MENTIONED IN THIS ARTICLE
George W. Barr
University of Arizona
Arizona
Pinal County
Maricopa
Graham County
Pima
Barr
Congress
Maricopa County
Binal
Graham
Value Tops Billion Dollar Mark in Furniture Industry
Sidman and Seidman reported the value of wood household furniture manufactured in the United States reached 1.175 billion dollars at manufacturers prices for 1949. The decline from 1948 was 12 percent, though prices fell about 4 percent. Employment dropped about 10 percent, with Seidman predicting the industry would improve in the coming months.
MENTIONED IN THIS ARTICLE
Grand Rapids, Mich
United States
Sidman & Seidman
Frank E. Seidman
Radio and TV sales climb in 1949 totals
CHICAGO Jan 23 INS Tele vision time sales totaled 24,750,000 in 1949, almost triple 1948. Radio time sales reached 429,000,000 for a new peak, up 3 percent from the prior year. Radio homes rise 4.2 percent to 39,281,000, about 95 percent of U S homes.
MENTIONED IN THIS ARTICLE
Chicago
Broadcasting-Telecasting Yearbook
Trade Journal
U. S
Lucky
Susan Wallace
Hollywood
Reno
Nev
Susan
Canadian jurist Sir Joseph Chisholm dies at 87
Halifax news reports Sir Joseph Andrew Chisholm chief justice of the Nova Scotia Supreme Court died Sunday at age 87. A noted jurist and frequent contributor to newspapers and periodicals, his death marks the loss of a prominent legal figure. Washington leads the nation with the most electric lights per capita.
MENTIONED IN THIS ARTICLE
Halifax
N. S
Joseph Andrew Chisholm
Nova Scotia Supreme Court
Canada
Arizona Ginnings Top 515,000 Bales
The Census Bureau reports 15,641,310 running bales of the 1949 cotton crop ginned before Jan. 16, up from 14,140,444 last year and 11,390,100 two years ago. American-Egyptian lines totaled 3,558 bales. Sea Island remained at zero. Arizona led with 515,585 bales ginned this year and 306,463 last year.
MENTIONED IN THIS ARTICLE
Washington
Census Bureau
Sea Island
Arizona
Coal and steel shortages threaten production
Milwaukee Jan 23 Allis-Chalmers and Nash Motor Co warn they may cut output due to coal and steel shortages. An Allis-Chalmers spokesman cites only a three day sheet steel inventory and worsening coal supply affecting plants in West Allis La Crosse Gadsden Springfield La Porte and Oxnard. Nash manager Elmer Bennett says sheet steel is thin at Kenosha and Milwaukee plants.
MENTIONED IN THIS ARTICLE
Milwaukee
Wis
Allis-Chalmers
Nash Motor Company
Allis- Chalmers
West Allis
la Crosse
Gadsden
Ala
Springfield
Ill
la Porte
Ind
Oxnard
Calif
Kaiser-Frazer to offer Hydra-Matic on popular cars
Kaiser-Frazer plans Hydra-Matic transmissions on its popular and medium price cars. Edgar Kaiser announced at the 1951 model preview that details of the new lines will be released in 30 days. Overdrive will be optional on all but the lowest priced model as production shifts for three new 1951 lines begins.
MENTIONED IN THIS ARTICLE
Seth
DE Ros
Maieev-Prasbe
Edgar F. Kaiser
K-F
Kaiser
Kaiser-Frazer
General Motors Group
Ford
Lincoln
Nash
Oldsmobile
Cadillac
Pontiac
Buick
Chevrolet
General Motors
Willow Run
Grain Futures Show Easing as Corn Tops Liquidation
Chicago January 23 AP Grain futures pull back from early losses with corn as the main liquidation target while wheat holds better. March corn around 1.27, oats down 4 to 66 May, soybeans near unchanged, lard steady. Receipts of 211 cars of cash corn influenced selling. government actions on 1948 corn exports weigh on prices.
MENTIONED IN THIS ARTICLE
Chicago
U S Steel Plan Costs 67 Billions
New York Jan 23 AP Directors of United States Steel Corp say a new pension and insurance deal with CIO United Steelworkers of America will cost an extra 67.5 million dollars per year and seek stockholder approval. Olds warns absence could trigger another steel strike ahead of a Feb 27 Hoboken meeting affecting about 290000 workers.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Congress of Industrial Organizations Union
Irving S. Olds
CIO
United Steelworkers of America
Olds
Hoboken
N. J
Ventura Ties for WSC Laurels After 92 75 Win
Ventura and Long Beach share first in the Western States Basketball Conference after Ventura overpowered Beach 92 to 75. Ernie Hall led with 36 points, setting a new WSC scoring record, while Bruce Zeplin added 25 for Riverside in a 54 51 upset of Compton, their first non conference loss in 15 games.
MENTIONED IN THIS ARTICLE
Ventura
Long Beach
Beach
Ernie Hall
Riverside College
Compton College
Tartars
Bruce Zeplin
Cotton Futures Rise on Demand and Spot Strength
Cotton futures opened 5 to 15 cents higher in New York with March 31.04-05 and May 31.13 led gains as mill and New Orleans buying boosted prices to new seasonal highs. Profit taking cooled some gains while spot market strength supported the rally, with nearby May briefly at 31.18 cents per pound and midmorning quotes 15 to 20 cents higher.
MENTIONED IN THIS ARTICLE
New York
Mill
New Orleans
Arrowhead Home Burns In California Fire Destroys Lake Arrowhead House
Lake Arrowhead California January 23 Fires destroyed the $50,000 Lake Arrowhead home of John Brisbane Alhambra iron works owner last night.
MENTIONED IN THIS ARTICLE
Arrowhead
Lake Arrowhead
Cailif
John Brisbane
Alhambra
Iron Works
TWA Buys Six Connies in Major Fleet Boost
Trans World Airline announced the purchase of six Lockheed Constellations from Hughes Tool Company, adding to its fleet to total 61 aircraft. The deal completes a mid January move expanding TWA’s long range capacity.
MENTIONED IN THIS ARTICLE
Chicago
Trans World Airline
TWA
Hughes Tool Company
Bonds Edge Up As Small Orders Help Market Gains
Bond traders reported shallow price increases with many issues advancing fractions amid a cautious rally. U S Treasury issues lagged, federal reserve actions and coal strike jitters weighing on demand as several notable bonds such as Missouri Pacific liens and New York Central 5s showed modest gains on light turnover.
MENTIONED IN THIS ARTICLE
New York
U. S. Treasury
International Railways
Aden
Peel More & Ohio
Canadae Perpetual
Big Four
Southern
Gs Colorado & Northern Adjustment
Missouri Pacific
Lig & Myers
New York Central
Ding
Eer Pacific
Government
Brisbane
Also Mentioned on This Page
Ana Services
Japan
Italy
Germany
Europe
Benton M. Lee. Ficks & Tompane
New York Stock Exchange
N. Central, Cor
van Buren
U.S
Tucson
California
State
The
Union
America
Tad
OASIS
Phoenix
Sweden
Riksdag
Stockholm
Gustav
Prince Gustav Adolf
Elpidio Quirino
Philippines
William F
Bull) Halsey
Johns Hopkins Hospital
Baltimore
Halsey
Quirino
China
Cae
U.S. Steel Plan
WSC
Laurels
United Press
Hunt
Albert J. Krause
Bill Starr
Mason, Mich
All American Air Maneuvers
Miami
Fla
Applewhite Mortgage & Investment Company
Luhrs Bldg
Beardsley Ruml
Collier's
Ruml
Federal Reserve Bank of New York
Mr. Ruml
Coolidge
Sewer System
State of Arizona
Gust, Rosenfeld
Divelbess
Robinette and Linton
Benton M. Lee, Ficks & Tompane
N. Central
Cor. van Buren
Kenneth A. Ellis & CO
Investment Securities
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