Price shifts and forecasts hit Washington markets
In Washington today Senator Taft said prices could fall without hurting profits while Rep Wolcott suggested rents and other costs may drop as markets saturate. Government analysts linked high living costs to a billion dollar drop in money in public hands since Christmas. The Fed reported department store sales volume fell six percent from a year earlier, the first drop since 1945. A diet comparison with prewar intake hinted farm output could outpace demand if tastes returned to old levels, suggesting price declines ahead but no signs of such a shift.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Shotten Named New Dodgers Manager in Brooklyn
Bert Shotten of Brooklyn was named manager of the Dodgers to succeed Leo Durocher who was suspended for one year by Baseball Commissioner Chandler. Shotten will assume charge immediately as the club moves forward with the international league affiliations and team plans.
MENTIONED IN THIS ARTICLE
New York
INL
Bert Shotten
Brooklyn
Dodger
Syracuse
International League
Leo Durocher
Baseball
A. B. ‘Chandler
Shotten
Churchill Attacks Wallace in Primrose League Speech
In a Primrose League address at Albert Hall London Churchill criticizes Wallace for attacking Truman's aid plan and says Britain faces a gloomy future yet pledges lasting Anglo American friendship. He calls out English critics who abuse hospitality of friendly nations.
MENTIONED IN THIS ARTICLE
London
INS
Churchill
Assallé Wallace
crypto-Co
Flabone
Wallace
Labor
Primrose: League
Albert “Halls
Truman
Turkey
Greece
Britain
Cold front brings showers and cooler temperatures
A weak cold front moved through Syracuse today bringing showers and cooler air. Tonight will be partly cloudy and colder with a low near 30. Saturday looks partly cloudy and warmer, though rain remains probable for the weekend per the weather forecast.
MENTIONED IN THIS ARTICLE
Syracuse
Lureau
Apels
Truman era loyalty probe sparks editorial caution
Marquis Childs argues the government’s loyalty investigations risk a vast costly witch-hunt while the editorial weighs the impact on independent and liberal voters. The page layout lists features across comics, radio, music, and sports with editorials by Earl Wilson and Winchell, plus headlines on today’s pictures and other sections.
MENTIONED IN THIS ARTICLE
Marquis Childs
Amuseemnts
Earl Wilson
Winchell
Petters
Prices may fall without loss of profits says Ohio senator
An Ohio senator and chair of the Senate Policy Committee told about 400 editors that many companies could cut prices without sacrificing reasonable profits. President Truman urged price cuts at a press conference, while Taft warned that union curbing legislation may be signed. The discussion occurred at the 25th anniversary meeting with lawmakers from Congress.
MENTIONED IN THIS ARTICLE
Taft
Ohio
Senate ‘Republican Policy Committee
American Society of
Washington
Taft AR
Ohioan
Senate
G. C.P
American Society
Wolcott
Cr-Mich
House Banking Committee
Truman
Nis- Press
Congress
House
Gress
Unions Seek Return of Three Key Labor Bans
Washington sees a push by Senator Hart of Ohio to restore three major restrictions removed from the Hartley bill. The Senate Labor Committee approved a toned down measure 11 to 2 and plans to replace the House version with a conference committee path to the White House. The House bill, passed 208 to 107, would ban industrywide bargaining, injunctions against strikes, and other broad controls on unions.
MENTIONED IN THIS ARTICLE
Washington
INS
Att
Ohio
Senate
House
Theos
United ‘Mine ‘Workers
Senate Labor ‘Committee
Hartley
Truman
White House
Hartley Gr-Nwj
Liabor
Aeulnet
National Labor: Relations Board
U. S. Conciliation Service
German Island Fortress Helgoland Blown Up by British Force
The British Navy detonated 6 700 tons of explosives on Helgoland, blasting the island fortress that protected Germany’s northwest flank. Substantial wreckage shattered gun batteries and radar, with debris scattered for yards as 3 000 tons of explosives left behind by Germans and 2 000 residents evacuated to Hamburg.
MENTIONED IN THIS ARTICLE
Helgoland
North ‘Sea
Germany
Wibe
Hamburg
UN Greece Plan Doomed in Security Council Showdown
In Lake Success the Security Council faced a clash over Russia's bid to place U S aid to Greece under UN supervision. The United States backed a Balkan Investigating Commission for Greece but Russia threatened a veto. Britain and France opposed the Soviet proposal to supervise Greece as part of Truman aid, signaling a deadlock that could halt the revolution.
MENTIONED IN THIS ARTICLE
Lake
Russia
Greece
United Nation
Security Council
United States
Ccouncil
Balkan
Britain
France
Truman
Vale
Elther
Te. Hlodk
Stock Exchange Strike Set Monday
The Unilear Financial Employees Union ordered 1,700 members to strike Monday morning in the New York Stock and Curb Exchanges over a dispute with A. M. Kidder & Co. The union spokesman said the walkout would halt operations at both exchanges.
MENTIONED IN THIS ARTICLE
New York
INS
Unilear ‘Financial
Jewish Band Kills British Soldier in Natanya Ambush
A 15 member armed Jewish group reportedly stormed the British Army leave center at Natanya midway between Tel Aviv and Haifa. They killed one British soldier in a firefight after blasting the officers compound with two bombs and escaped in a military truck.
MENTIONED IN THIS ARTICLE
Jerusalem
Natanya
Tel Aviv
Haifa
Ford Will Discloses Grandchildren Share of Voting Stock
probate today outlined Henry Ford estate details but not its total value. the will leaves all voting Ford Motor Company stock to his grandchildren in equal shares and nonvoting stock to the foundation. unofficial estimates place the estate above 500 million dollars with vast control remaining once probate completes. clifford longisey, acting for the Ford family, indicated control will rest with the heirs of edsel b ford upon final clearance. the will dated february 3 1936 lists the ford hospital in dearborn as a nearby detail.
MENTIONED IN THIS ARTICLE
Detroit
Henry Ford
Ford Motor Company
May Ford
Ford
Dick's Adventures in Dreamin Featured as Comic Weekly Debut
A Sunday feature in the Comic Weekly presents Dick as a boy whose dreams propel him through pivotal moments in American history. He encounters Columbus, Plymouth founders, Revolutionary war fighters, and pioneers on the western plains in a colorful adventure narrative.
MENTIONED IN THIS ARTICLE
Pearance
Jpuck
Sundasrs Llovald- Atevican
Achbenubilly Daiwa
Wu Amor
Plymouth
Jlistoiry
GM Offers 15 Cents Hourly Increase to UAW Workers
General Motors proposed a 1 cent wage boost plus pay for six holidays, equating to a 15 cent hourly increase for about 220,000 GM production workers. The offer mirrors an earlier agreement accepted by the CIO United Electrical Workers for 30,000 GM plant employees.
MENTIONED IN THIS ARTICLE
Detrove
General Motors Corp
United’ Auto Workers
Hoover Raps Allied Occupation Policy
Former President Herbert Hoover sharply criticized allied occupation policy in Germany and Austria. He accused allied forces of destroying fertilizer plants vital to European food production.
MENTIONED IN THIS ARTICLE
Washington
Herbert ‘Hoover
Germany
Austria
Wallace Wallace London Invited by Greek Leftists
Reuters dispatch from Athens reports that E.A.M. invites Henry A. Wallace by cable to study the Greek situation firsthand. The invite signals attention from the leftist faction to Wallace as a witness and analyst of recent developments in Greece.
MENTIONED IN THIS ARTICLE
London
INS
Reuter
Athens
E.A.M
Henry A. Wallace
Greece
Marshall Seeks Immediate Deal on German Assets in Austria
Secretary of State Marshall told the Council of Foreign Ministers that a determined effort this moment should settle the Austrian issue. He proposed a settlement formula preserving the U S insistence that German acquired property in Austria under force or duress not be treated as assets subject to Allied seizure. He stressed no dispute over excluding coerced transfers from Germany assets despite not using the exact words force or duress.
MENTIONED IN THIS ARTICLE
Moscow
Marshall
Council of Foreign Ministers
Austria
Steelworkers Seek 23 Cent Hourly Wage Increase
The first definite wage increase demand in United Steelworkers contract talks is a 23 cent rise per hour. The request is from the Steelworkers union for the Jones and Laughlin Steel Corporation during negotiations.
MENTIONED IN THIS ARTICLE
United Steelworkers
Dent
Jones and Laughlin Steal Corporation
Texas City Fire Aftermath Expands Coast Guard Opens Inquiry
Smoke and flames from the Texas City disaster spread as the Coast Guard opened a hearing into the Grandcamp explosion that killed about 650 people. Firefighters entered Monsanto and Humble plants, with many bodies still missing and thousands injured, as smoke drifted far inland.
MENTIONED IN THIS ARTICLE
Texas City
Coast Guard
Galveston
Monsanto Chemical’ Company
Palestine
Jacksonville
Tiny Noise Then Fear In Texas City
A chaotic scene unfolds in Texas City as a small boy with firecrackers stirs fear while bulldozers and cranes clear debris after a blast. Fatigue and shattered nerves affect hundreds of residents as panic spreads in the waterfront area and nearby streets.
MENTIONED IN THIS ARTICLE
Lloyd, OR
Texas City
Also Mentioned on This Page
Washington (P
R- Mich
Gye
Wwe
Hits Wallace
Seu
Ida Jean Kain
Dr. Brady
Mary Haworth
Gil
Forest “Lawn
Memorial Park
Glendale
Calif
Elvira
Boston
Charles ‘P. Chase
Egypt
Mass
Tex
Lave
Preighter Wilson
Keene
Cialveston Bay
Stock Exchange
Ford Estate
Clifford
Longlisy
Ford Family
G-M
Hoover
Reich Assets
Texas
Houston-Galveston
Humbie Company
Monsanto
Cother
Sfire
Sid .Richardson
Vable
Republic Company
D. C
Vranhan
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