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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Dec 27, 1947
Page
8
Market activity lagged as clerical and transportation problems limited operations. The board of governors considered a short session shutdown but resumed trading with few customers in person while wire houses handled most deals. Tax selling limited by the last day for regular sales.
Markets at a Glance reports mixed stocks with narrow price changes and a quiet bond market in New York. Trading volume shows 410000 shares of stocks and 1615000 in bonds with noted leaders such as Bethlehem Steel Packard Motors Goodyear United Aircraft Western Union and Consolidated Edison among movers and intermittent declines in others. Interchangeable commodities show narrow activity and transfers reach around 350000 shares in two hours.
Philadelphia leaders of the Society of Friends say President Truman stopped short in pardoning 1500 draft violators. Clarence E. Pickett and Harold Evans called for broader clemency to include Jehovah's Witnesses and war objectors on philosophical and ethical grounds.
Preliminary closing figures show Dow Jones averages slipping across the board. The 30 industrials sit at 170.14, down 0.14. 20 railroads at 51.51, down 0.11. 15 utilities at 33.17, down 0.04. and 65 stocks at 64.30, down 0.07.
The Demand was active for old cron catbare but other items moved slowly in a light trading session. Delicious squash was in light supply and demanded higher prices. Hubbard squash was scarce. Liberal receipts of nearby ees met with a slow demand. Prices held steady. Live poultry was light with price changes. New cabbage was in skirt supply and other items were more than ample. A slow demand in commissions, carloads of produce received. Wholesale prices reported by the New York State Department of Agriculture and Markets for 6 to 8:30 A.M.
Warren Washington and Saratoga oil dealers asked Governor Dewey to relax allocations for the present emergency. A telegram by the Tri-County Fuel Oil Dealers Association described the shortage as desperate, with some dealers out of kerosene and others with only a day or two supply. In Albany, Mayor Erastus Corning faced direct appeals from households needing kerosene and said he was coordinating with the City Health Department on hardship cases.
Chiang Kai-shek issued a personal order forbidding government officials from disclosing military information to the press or public. Informants said reports from the North showed Manchuria worsening as high authorities reportedly disclosed secret transfers and war secrets. The order threatens severe punishment for violators and acknowledges Communist gains in western Liaoning amid heavy fighting.
Americans for Democratic Action says independent voters will back only candidates who support the Marshall Plan and compulsory inflation controls in 1948. Four top officers warn that those who delay on these two issues will be routed in elections. The letter is signed by Wilson W. Wyatt Leon Henderson Franklin D. Roosevelt Jr. and Hubert H. Humphrey.
The Weather Bureau predicts snow flurries today and tonight across the Syracuse area with interior snow and a colder trend Sunday. Temperatures range from a high near 25 in some areas to lows around 14, with tonight’s low near 23 and a Sunday high near 14 in northern sections. Relative humidity about 90 percent this evening.
Jiap Papers praise Tojo for accepting responsibility and defending the Empire. Nippon Times notes his stance against retreat from prewar policy and his call for Asia for Asiatics. The wartime premier portrays restraint while blaming Allies for provoking Pearl Harbor, as he defends his record at the war crimes tribunal.
At Westover Field Massachusetts seven American airmen and two Canadian weather observers were saved from a frozen Labrador lake after a Christmas Eve B 17 crash. A ski equipped jet propelled plane piloted by Lt Col Emil G Beaudry flew four hours 29 minutes from Goose Bay to recover them in good health after a two day vigil on Lake Dyke. Distance Goose Bay to the downed plane was 275 miles.
The State Department welcomes a new acting chief for the International Broadcasting division after Kenneth Fry's resignation. Charles W. Thayer was named acting chief by Secretary Marshall, effective immediately.
A five year old girl Edna Mae and her four year old brother Willard E. Jr died in a Milford blaze. Their mother Mrs Willard E Wyatt reportedly fell asleep and awoke to smoke. She locked the front door escaping for help as neighbors and firefighters could not reach the children. The bodies were recovered after the fire was controlled.
London reports a tentative Bevin plan may move Britain from mediator to a stop Russia partnership with the United States. Observers note Bevin resists a showdown that could derail Big Four talks while Britain weighs East West tensions after the Germany conference breakdown and Greece’s Soviet-influenced developments.
WASHINGTON DP Secretary for State Marshall has been appointed by President Truman to supervise expenditure of 522000000 in stopgap aid for France Austria and Italy. Under legislation the three nations will receive mainly food fuel and other living necessities for the winter. A White House executive order also directs use of 18000000 for China.
In Enid Oklahoma two year old Virgil Glenn McGrumphy died after doctors warned he would not survive beyond Christmas due to leukemia. A party had been held early last week and on Christmas day death arrived, not Santa Claus. His parents Mr. and Mrs. Arjon McGrumphy donated most of his gifts to the Salvation Army reflecting the family's loss.
Snow continued in New England and parts of New York, Pennsylvania, New Jersey, and the Upper Ohio Valley while most of the nation stayed clear. Northeast snowfall ranges from 12 inches in southern New England to about 26 inches in New York City with associated front definitions and isobars explained by Dr. Selby Maxwell’s five day Syracuse forecast.
The Federal Communications Commission will start 1948 with two new faces and a full seven member panel split evenly between parties. President Truman named Wayne Coy to chair the FCC, succeeding Charles R. Denny who left the commission last November. Ewell K. Jett resigns December 31 to join A. S. Bell Co. as radio VP and Sunpapers radio director. George E. Sterling, a longtime radio man, named to Jett’s seat. The board now includes Democrats Durr and Walker, Republicans Sterling, Hyde, and Jones, and Independent Webster.
Police reports show 65 businesses left doors unlocked and eight had windows unlatched at night in Morris during 1947. There were 10 robberies that year but none occurred at a site with open doors or windows.
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