Steel Hits Pre War Peak
Washington reports steel production in May at 8.5 million tons, near prewar highs. Employment in mills rose to 806,500, the strongest in 12 months, as the sector maintains a brisk pace before the Korean conflict.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 27, 1950
Page
6
Washington reports steel production in May at 8.5 million tons, near prewar highs. Employment in mills rose to 806,500, the strongest in 12 months, as the sector maintains a brisk pace before the Korean conflict.
Stanford University July 27. Sumner H. Stichter, Harvard economist, forecast at the Stanford Business conference that the labor force will rise above six million in this decade as production expands to meet Russia's challenge to capitalism. He said expansion is supported by efforts to capitalize and spread communism globally.
Sydney reporters note that about 100 men were called to join a first force to fight in Korea as government officials and military ministers announce a recruitment push.
Joseph Peirsol of a prominent Kansas City family was freed after Magistrate Louis J. Mozach ruled insufficient evidence to indict him in the 1949 shooting of James Campbell Jr. Campbell, an orchestra leader, had earlier secured Peirsol’s arrest in San Antonio. Peirsol had claimed residence in Guadalajara with his wife and two children and said he went to Mexico for health reasons. He and his wife said they were in San Antonio to renew permits to stay in Mexico. He denied knowledge of the incident while in custody.
Tokyo July 27 reports said UN war correspondent Philip Deane may have been captured by Communist troops after multiple wounds. Earlier he was wounded in the shoulder at Taejon, then returned to the front after treatment.
Washington July 27 Up for high prices Senate crime investigators promise to root out black market operations by racketeers and gangs, amid wartime shortages caused by Korea fighting. A husband confesses he misunderstood change of life and expands a military program, prompting concern over illicit trading in scarce commodities. Read Change of Life in The American Weekly.
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