Stockpiling To Be Guided By War Needs
Spokane report from the American Mining Congress Convention states that war needs guide U S stockpiling of 69 strategic materials. Maj. Gen. A B Quinton says 51 materials are ground sourced and only 27 are produced domestically. He cites a planned cost near three billion dollars and urges stockpiling to serve national security, not industry pressure. W C Page urges mining tax reform to reflect rising risk and support depletion and loss carrybacks.
MENTIONED IN THIS ARTICLE
Spokane
Wash
United States
A. B. Quinton
National Munitions Board
Quinton
Congress
Munitions Board
General Quinton
W. C. Page
Salt Lake City
Page
Western Operations
United States Smelting, Refining and Mining Company
Deposits Rise At Fast Pace In Mutual Banks
New York September 27 The National Association of Mutual Savings Banks reported deposits of 530 mutual banks rose by 37 million in August this year up from 22 million a year ago. For January through August 1949 deposits climbed 625 million versus 468 million last year. Total deposits reached a record 19 billion on September 1.
MENTIONED IN THIS ARTICLE
New York
INS
National Association of Mutual Savings Banks
Mutual Savings Banks
Grains Hold Steady As Soybeans Weaken
CHICAGO September 27 AP grains held near steady at the Board of Trade after opening near yesterday’s close. Wheat saw some commercial buying to offset local selling while corn kept a firm undertone from light shipments. Oats rose marginally as soybeans slipped. soybeans traded slightly lower amid full harvest yields reported at 20 to 40 bushels per acre.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Standard Oil Leader Warns on Foreign Investment
Eugene Holman of Standard Oil of New Jersey told the Joint Congressional Economic Committee that currency controls and nationalism dampen private American investment abroad. He cited oil sales in sterling, urged greater use of sterling and dollars, and backed policy to encourage U.S. investment under Truman's Point Four program to aid underdeveloped regions.
MENTIONED IN THIS ARTICLE
Washington
Eugene Holman
Standard Oil Company of
New Jersey
Standard Oil
Joint
Congressional Economic Committee
Holman
United Kingdom
United States
Truman
U. S
Group Forms Excise Tax Study Association in Arizona
The Arizona Small Taxpayers Association reorganizes under State Tax Commissioner Thad M. Moore to study excise tax matters. It aims for fairer excise tax distribution to school districts to retire bonded indebtedness and to recommend an Arizona use tax. About 400 members, including small businessmen, comprise the group led by Moore.
MENTIONED IN THIS ARTICLE
Arizona Small Taxpayers Association
Thad M. Moore
Arizona
Moore
Lead Price Trimmed by Leading Smelter
New York AP reports a leading custom smelter cut lead to 14 1/2 cents a pound. The move marks the first price adjustment since lead rose from 12 cents in spring and recovered earlier in the summer to 15 1/2 cents.
MENTIONED IN THIS ARTICLE
New York
Joe Louis Plans Building Project in Los Angeles
Former heavyweight champion Joe Louis seeks approval to build several hundred low cost homes in the Los Angeles area. A petition filed with the Los Angeles Planning Commission requests a zoning change to permit a non restricted low cost housing project on a 53 acre San Fernando Valley tract. Homes would sell for 7000 dollars each.
MENTIONED IN THIS ARTICLE
Los Angeles
Joe Louis
Milk Drinking Champion Crowned at County Fair
Allen Prosser, 15, paced steady drinking through ten minutes and a half pint, winning the annual milk drinking championship at the Los Angeles County Fair in Pomona. Thirty contestants competed in the event.
MENTIONED IN THIS ARTICLE
Allen Prosser
Los Angeles
Pomona
Dividend Cut By Union Oil Brings Drop
New York stock market softened as Union Oil of California tumbled 2 3/4 points to 30 after a dividend cut was announced. Losses spread to Santa Fe and several major names while a few issues inched higher amid routine turnover.
MENTIONED IN THIS ARTICLE
Union Oil
Union Oil of
California
Santa Fe
THREE NATION ATOMIC CONFAB REPORTS FAILURES drop
Commercial and industrial failures fell to 169 in the week ended Sept 22 per Dun and Bradstreet. Casualties involving liabilities of 5000 or more declined from 144 to 128, driving the overall drop. Wholesale trade saw a sharp relative dip from two to 17, with regional declines in the Central States and East North and West South Central areas.
MENTIONED IN THIS ARTICLE
New York
Dun and
Bradstreet
Central States
East North
West South Central
Szold joins Climax board and Coulter named VP
New York AP report states Climax Molybdenum Company elected H. J. Szold to its board of directors. Szold is a Lehman Brothers general partner and holds directorships at Firth Sterling Steel and Carbide Allied Department Stores and Gimbel Brothers. At a directors meeting, William J. Coulter was elected vice president in charge of mine operation.
MENTIONED IN THIS ARTICLE
New York
Climax Molybdenum Company
H. J. Szold
Szold
Lehman Brothers
Firth-Sterling Steel and Carbide Corporation
Allied Department Stores
Gimbel Brothers
William J. Coulter
Climax
Red Sox Print World Series Tickets For Season Holders
Boston, Sept 27. The Boston Red Sox, now pacing the American League, began printing World Series tickets today after sending applications to season ticket holders only. No other applications will be accepted at this time. Public sale details will be announced later this week.
MENTIONED IN THIS ARTICLE
Boston
Boston Red Sox
Cotton futures edge higher at morning trading
Cotton futures opened higher by about 10 to 15 cents a bale with October at 29.84 to 29.85 and December around 29.67 to 29.63, March 29.65, May 29.58, July 29.07 amid mid morning moves of 5 to 30 cents.
MENTIONED IN THIS ARTICLE
New York
Telephone service expansion boosts family coverage nationwide
The American Telephone and Telegraph Company reported a rise in the share of families with telephone service from 40 percent to 66 percent over the past eight years in its service areas. This marks a significant expansion in access and connectivity across communities served by the company.
MENTIONED IN THIS ARTICLE
New York
INS
American Telephone and Telegraph Company
Texas and Pacific seeks $2.3 million equipment certificates
The Texas and Pacific Railway filed with the Interstate Commerce Commission on September 27 seeking authorization to issue equipment trust certificates totaling 2.3 million dollars. The move aims to finance rolling stock and related railway equipment purchases. Federal regulators will review the request for compliance and funding impact.
MENTIONED IN THIS ARTICLE
Washington
The
Texas and Pacific Railway
Interstate Commerce Commission
UCLA Faces Oregon After Hefty Iowa Clash
UCLA coach faces lineup issues as right halfback Bob Watson and tackle Ray Jenson sit out practice with knee injuries. Jenson will miss about three weeks after a knee twist from Saturday's Iowa game, while Watson is unlikely to start Friday against Oregon.
MENTIONED IN THIS ARTICLE
Los Angeles
Bob Watson
Ray Jenson
UCLA
Oregon
Jenson
Iowa
Watson
Bond market slips as industrial strike looms
New York Sept 27 AP industrial strike anxiety dampened corporate bond trading. Railroads and select utilities slipped while foreign bonds showed mixed moves. Treasury issues moved in and out as over the counter activity fluctuated, with some issues recovering slightly after initial dips.
MENTIONED IN THIS ARTICLE
New York
Baltimore
I Treasury
Also Mentioned on This Page
American Mining Congress
Bellows &L
Germany
Menomonie
Wis
Miss Safe
Bobby Simpson
University of Heidelberg
SAFE
Champ
Ely
Beck and Company
W. Adams
Chrysler
U. S. Rubber
Montgomery Ward
Sears Roebuck
Admiral Corporation
American Telephone
Kennecott Cooper
Southern Pacific
N.J
U. S. Gypsum
General Electric
Goodrich
United Aircraft
Lockheed
Southern California Edison
Sinclair Oil
Pan American Airways
U.N
Great Britain
Canada
Oliver Franks
James E. Webb
C. D. Howe
Sir Derick Millar
William Webster
Secretary of Defense
Sumner Pike Wright
Commission
General Assembly of the United Nations
Lake Success
N. Y
Carlos P. Romulo
Philippines
United Nations General Assembly
Britain
Ernest Bevin
Russia
Andrei Vishinsky
Bevin
Vishinsky
Texas
M. L. D. Smith
Fort Worth
Tex
Magnolia Petroleum Company
Noronic
Harry E. Waxman
Cleveland Heights
Ohio
Cleveland
Toronto
Samuel Gerber
U.S
Prague
Czechoslovakia
Jacob Gross
Isidore Dollinger
Maria Horowitz
Little Jake
Dollinger
Murry Manages
Congress of Industrial Organizations
Philip Murray
Arthur Goldberg
CIO
Sir Stafford Grim
London
Stafford Cripps
Board of Climax
Red Sox
Uclans
A. Brusser
W. Monroe
R. E. Willentt
Met
Stan Benson
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