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Newspaper
Reporter Boyden
Location
Boyden, Iowa, United States of America
Date
Apr 14, 1949
Page
3
The weekly analysis notes widespread price cuts across autos radios refrigerators and steel signaling an economy easing inflation. It discusses consumer caution, business readjustment, and hints of imminent policy moves as state governors and legislatures gain rent control authority.
Congress passed a 15 month rent control measure granting home rule power to states and cities to decontrol. The bill preserves eviction controls, allows suits for overcharges, and keeps veterans priority. The Federal Reserve cut stock down payments from 75 to 50 percent amid easing inflation signals. Harry James Forrestal received the Distinguished Service Medal from President Truman in a White House farewell.
President Truman plans to bring the Wallgren nomination to the Senate floor after a 7 to 6 committee rejection. He seeks to overcome opposition led by Maryland Democrat Millard Tydings, while Magnuson hints at possible concessions to allow a floor vote.
Assistant Attorney General Squire N. Williams says a wife may swear out a search warrant against her husband in Kentucky. The ruling notes no state statute bars women from taking such actions and cites Harry R. Burke of Prestonsburg in the opinion.
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