Radio-television stocks rise amid moderate market
New York trading opened with radio and television shares advancing, maintaining gains through the day in a moderately active yet mixed market. Motors were mixed as Chrysler faces pressure during ongoing pension and wage talks, while the coal crisis and possible White House intervention weigh on sentiment. Gains were noted in Admiral Corp, Emerson Radio, Philco, Motorola, Union Pacific, Southern Railway, Texas Company, Douglas Aircraft, Lockheed, and Schenley. Lower movers included Caterpillar Tractor, Distillers, Seagrams, Commonwealth Edison, Dow Chemical, Gulf Oil, and Montgomery Ward.
MENTIONED IN THIS ARTICLE
New York
Motors
Chrysler
Wall Street
White House
Admiral Corporation
Emerson Radio
Philco
Motorola
Union Pacific
Southern Railway
Texas Company
Douglas Aircraft
Lockheed
Schenley
Caterpillar Tractor
Distillers Corporation
Seagrams
Commonwealth Edison
Dow Chemical
Gulf Oil
Montgomery Ward
Blues Acquire Shortstop John Snyder From Beaumont
Kansas City Blues announce the purchase of shortstop John Snyder from Beaumont. Injured last season, Snyder still made the Texas League All Star team and batted .279 in 76 games.
MENTIONED IN THIS ARTICLE
Kansas City
Kansas City Blues
American Association Today
John Snyder
Beaumont
Snyder
Wheat Hedging Pressures Prices Amid Lacking Demand
Chicago January 30 AP Wheat drifted lower under hedging pressure with weak demand from both commercial and speculative buyers. Wheat futures fell near end of first hour while corn and oats showed mixed moves. A commodity survey noted small traders often incurred losses, underscoring risk in cereal speculation.
MENTIONED IN THIS ARTICLE
Chicago
Commodity Exchange Authority
SIP subs for gulp treasury loser from beer slump
London AP report notes a beer sales decline costs the British Treasury about 20 million pounds or 56 million dollars. A J Byer of London's Organized Inn Keepers said beer sales for January to November 1949 fell about 1.5 million barrels versus 1948 with December likely widening the drop to 2 million. Treasury tax stood at 10 pounds per barrel and Dyer blamed taxes for the decrease.
MENTIONED IN THIS ARTICLE
London
A. J. Byer
Dyer
Treasury
Polio drive urged by Washington models
Washington models Mariabelle Young and Grace Kyle urged fellow models to give a week's pay to the March of Dimes fund after noting their feet hurt from walking to promote polio awareness. Top models of ten earn 500 dollars weekly.
MENTIONED IN THIS ARTICLE
Washington
Mariabelle Young
Grace Kyle
March of Dimes Fund
Indonesians Aid West Java Rebels Against Dutch Commander
Java fighters from Jakarta and Surabaya join Bandoeng units to resist Capt. R. P. P. Westerling's private army. Westerling, a 30 year old Dutch soldier of fortune, led a lightning attack that left about 60 soldiers killed or wounded. The rebels demand recognition as an autonomous West Java force.
MENTIONED IN THIS ARTICLE
Jakarta
Surabaya
Bandoeng
Arrow
R. P. P. Westerling
West Java
Survey Shows Corporations Own Much Farm Land In West
Washington January 30 AP The Agriculture Department bulletin notes the West has the highest share of corporation owned farm land at 8.1 percent with public agencies 11.7 percent and Indian land 9.9 percent. Nevada leads with 31 percent corporation ownership followed by Wyoming 13.6 and Arizona 13.2. The study cites 525,000 owners versus 494,000 operators in the region and explains many arid lands are rented from multiple owners to create efficient farming units.
MENTIONED IN THIS ARTICLE
West
Washington
Jan
United States
Northeast
Agriculture Department
Bllis T. Inman
William H. Fippin
John F. Timmons
Nevada
Wyoming
Arizona
California
Colorado
Idaho
Montana
New Mexico
Utah
Oregon
Small Business Aid Plans Tied to Truman Push
Washington lawmakers unveiled two new programs to aid small firms as President Truman urged relief. Senator Burnet Maybank proposes a small business coordinator under the president to align federal agency actions and settle interagency policy fights. Senator Lucas plans a separate bill to widen RFC loan guarantees to 90 percent and allow direct RFC loans when private finance is unavailable, with longer terms and possible Fed support for short‑term bank lending.
MENTIONED IN THIS ARTICLE
Washington
Truman
Burnet R. Maybank
Democrat
South Carolina
Maybank
Senate
Scott W. Lucas
Illinois
Lucas
Reconstruction Finance Corporation
RFC
State of the Union
Congress
Armed Services
Commerce Department
Federal Reserve System
Business activity confirms forecasts for 1950s start
Washington Jan 30 1950 American business activity in the first four weeks of 1950 supported economists optimism with industrial production retail sales and financials holding or recovering from 1949 mild recession. December industrial index rose to its highest since 1949 and January gains continued.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Commerce Department
Labor Department
Reserve Board
Hotel Gets RFC Loan for Boerger Texas Project
The Reconstruction Finance Corporation approves a $413,000 loan to back a seven story hotel in Boerger Texas. The total project cost is about $835,000, with construction planned to proceed under RFC financing.
MENTIONED IN THIS ARTICLE
RFC
Washington
Reconstruction Finance Corporation
Boerger
Texas
Cotton Futures Take Easy Turn
New York January 30 AP cotton futures opened unchanged to 10 cents a bale lower with March at 31.34 and December at 28.72. Trading showed ease as liquidation and hedging reduced support while market eyes government policy on loan stock sales and the mid January parity due Tuesday. Midmorning quotes ranged from 20 cents lower to 5 cents higher than the prior close.
MENTIONED IN THIS ARTICLE
New York
Bond Market Advances on News of Strikes and AT&T Sale
New York bonds moved higher with many gains and more advancers than decliners. Treasury prices inched up. rails led a rally on coal strike fallout and anticipated AT&T nonconvertible debentures sale of 200 million dollars, signaling broader issuance this week.
MENTIONED IN THIS ARTICLE
New York
United States Treasury Ponds
Tte House
Truman
Jersey Central
Bix
Lehigh Valley
Northern Pacific
Seaboard
Texas & Pacific
Canadian Pacific Perpetual
International-Great Northern
Soo Line
New Haven
City of
Brisbane
Australia
Uruguay
American Telephone & Telegraph Company
Morgan Stanley & Company
Halsey, Stuart & Company
First Boston Corporation
At&t
Poenius
Also Mentioned on This Page
Blues Buy Snyder
Phyllis Rosevich
Adrian
Maxine
Jill
Oanz
Applewhite Mortgage & Investment Comparey
Luhrs Bldg
Benton M. Lee, Ficks & Tompane
New York Stock Exchange
N. Central
Cor. van Buren
Sam Hobson
Memphis
Kroger Company
Joseph B. Ball
Hobson Spn
Ray Kulberta
Perth Amboy
N. J
Thomas Kulberta
The
Supreme Court
Tom Clark
Thomas Nesbitt
Brooklyn
N. Y
Charles G. Berwind
Big Brothers of America
Amarillo
Tex
Commodity Credit Corporation
Midwest
SIP
Borneo
Indian Ocean
Western Corporation
Belgium
Leopold
Nice
France
Riviera
Countess de Rethy
Josephine
Prince Albert
Albert Ball
Doris McDaniels
Cleveland
Kirby
Albert
V. A
Salt River Project
Salt Riv
Kenneth A. Ellis & CO
Investment Securities
America
Phoenix
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