Keep Credit Controls Urges U S Senate in Car Pricing Debate
Federal Reserve chairman Marriner S Eccles urged the Senate Banking Committee to back extending consumer credit controls to July 31, 1948. He warned that lifting limits could derail the needed fall in car and other consumer goods prices, noting used 1947 models command premiums of 300 to 400 dollars over new prices. He said relaxing credit could raise demand beyond supply and keep prices high.
MENTIONED IN THIS ARTICLE
Washington
Marriner
Eccles
Federal Reserve
Senate Banking Committee
Truman
Congress
House Banking Committee
Senate Committee
Flood fears persist as rivers swell across Midwest region
Flood warnings extend from Iowa to Missouri as the Raccoon River rises one foot per hour near Adel and the Missouri rivals high-water marks. Carroll County official George Wieland’s body was recovered from the Raccoon River near Auburn Iowa after he had vanished during a flood inspection trip. Nebraska faces multiple flood threats along the Elkhorn and North Fork rivers, with towns like Pierce Pilger and Stanton at risk. Missouri crews shored levees against rising waters, with crest projections at Kansas City and St. Joseph as Mississippi floodwaters linger. Highway and rail disruption grows across Rule Nebraska to St. Louis.
MENTIONED IN THIS ARTICLE
Medicine Creek
Carroll County
George S. Wieland
Carroll
Raccoon River
Auburn
Nebraska
Platte Valley
East Central
North Bend
Elkhorn Valley
Missouri River
Rule
Missouri
Ralph M. Aldrich
Kansas City
Omaha
Kaw River
W. E. Potter
Neb
St. Louis
G O P Moves to Repass Vetoed Tax Bill
Washington reports Republican leaders push to re-pass the vetoed four billion tax cut bill with cuts delayed to January first. Knutson reintroduced the measure as Martin signals possible House action at the first favorable opportunity. Democratic leaders cite the two-thirds votes needed to override.
MENTIONED IN THIS ARTICLE
G.O.P
Washington
George
D-Ga
Knutson
R-Minn
House
Ways and Means
Martin
R-Mass
Coal Strike Expands Across States After Taft-Hartley Passage
After the Taft Hartley Act, miners walk off in 10 states and 41,000 idle in West Virginia, plus 51,000 in Pennsylvania and 30,000 in Kentucky. Shipyard workers and Union Stockyards units also strike, threatening widespread shutdowns as government eyes injunctions and contract talks falter.
MENTIONED IN THIS ARTICLE
Washington
National Coal Association
Omaha
Justice Department
John. L. Lewis
United Mine Workers
Labor
Mines Land
Supreme Court
Lewis and
West Virginia
Pennsylvania
Kentucky
Alabama
Virginia
Ohio
Indiana
Utah
Aflumw
Fred Moore
Isabella
C.S.O. United Packinghouse
Congress
C.so
House Votes to Fund Voice of America Broadcasts
Congress moves toward a five day accord on funding the Voice of America in Russian and other languages under the State Department foreign information program. The House approved the program 272 to 97 though no exact amount is set, while the Senate committee backed an 11.5 million dollar fund for after July 1.
MENTIONED IN THIS ARTICLE
Washington
Senate House
State Department
Voice of America
House
Senate Appropriations Committee
House Appropriations Committee
Senate
Appropriations Committee
Car Prices Kept Down Says GM and Banker Leaders
Washington Senator O Mahoney praised testimony from Charles E Wilson of General Motors and S Sloan Colt of Bankers Trust Co that most auto dealers are not charging beyond list prices. They told a joint Congressional committee that despite price hikes the industry could get more if desired.
MENTIONED IN THIS ARTICLE
Washington
O'Mahoney
D-Wyo
Wyoming
Charles E. Wilson
General Motors
Bankers Trust Co
New York
Congressorial
Commiltler
Paul G. Hoffman
Studebaker Corp
Committee For Economic Development
O’mahoney
Congressional Committee
Wilson
Colt
Living Prices Decline in Most Essentials
Washington report shows prices of most living essentials fell 0.3 percent from mid April to mid May for the first drop since June 1942. Food costs slipped 0.2 percent while rents rose 0.2 percent. The consumer price index stood at 155.8 on May 15, up 0.5 from March.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Labor Statistics
Bureau
BLS
Joint Korean government talks to begin July 7
The Russian and American Commission seeking a provisional government for Korea said its subcommittees will start consultations with Korean groups simultaneously in Seoul and Pyongyang on July 7.
MENTIONED IN THIS ARTICLE
Seoul
Korea
Pyongyang
Burglary Stages Laundry Crimes Across Houston
Houston police seek a burglar who commits theft at laundry facilities. He first broke into Telephone Kond laundry stealing dollars and a shirt, then returned days later to Almeda Street laundry leaving a shirt and taking a clean one.
MENTIONED IN THIS ARTICLE
Houston, Vex
Houston
Almedn ‘St
Pier Blaze Sweeps Ship at Jersey City Pier 9
A three alarm fire swept the steamship Marine Flier tied to Erie Railroad Pier 9 in Erie Basin Jersey City. Fire boats and Coast Guard cutters joined New York Port Authority units. no explosions were reported aboard the vessel. Sauk was dispatched to the scene.
MENTIONED IN THIS ARTICLE
Jersey City
N. Z
Marine Flier
Erie Railroad
Pier 9
Erie Basin
New York Port
Authority
Coast Guard
Sauk
Hoffman urges restraint and policy shifts to curb inflation
The speaker argues inflation is driven by wage and price pressures and calls for government action to remove competition barriers, aid small businesses, curb federal spending, expand unemployment protection, and adjust monetary policy. He promotes tax cuts, extended benefits, and prudent lending to avoid booms and busts.
MENTIONED IN THIS ARTICLE
Hoffman
Hatch Flips On Truman Plan In Senate Clash
Senate Democrats move to block presidential succession legislation sought by President Truman. Senator Hatch says he and many colleagues will oppose the measure which would place House Speaker Marlin next in line. The chamber set the bill for 2 PM Thursday as Senator Wherry notes possible Democratic assistance could derail the proposal.
MENTIONED IN THIS ARTICLE
Washington
Capitol Hill
Senate
Truman
Hatch
D-N.m
House
Marlin
R-Mass
Wherry
R-Neb
Laski Maps Lord Shakeup in House of Lords
Professor Harold Laski argues in the Daily Herald that King George VI should back the government's plan to threaten packing the Lords with hundreds of Socialists to force Conservative peers to accept Commons will. He warns reform would be needed if peers resist, potentially expanding the Lords to 1500 1600 members.
MENTIONED IN THIS ARTICLE
London
Harold Laski
House of Lords
George VI
Daily Herald
Labor Party
Laskin
House of Commons
Laski
Russ May Veto Berlin Election
Ernest Reuther elected lord mayor of Berlin by the City Assembly amid Russian opposition faces a Soviet veto risk as the Allied Kommandature meets Friday. A four power agreement requires approval by all four occupying powers.
MENTIONED IN THIS ARTICLE
Berlin
Ernest Reuther
Pain From New Tooth Haunts Patient in Oswego Dentist Chair
Oswego Kansas report describes a patient who, while under dentist care, complained of pain from a new tooth beneath a dental plate. The examination revealed the patient was teething a wisdom tooth beneath the plate.
MENTIONED IN THIS ARTICLE
Oswego
Kan
Doc
F. Oj
Faulkner
Paris Session Ends After Debate on Financial Program
In Paris the Council of the Republic ends a weary session after debating the government’s Assembly-approved financial program. The chamber pressed for clarity on budget measures and future steps in a long session.
MENTIONED IN THIS ARTICLE
Paris
INS
Council of the Republic
Senate
Plane Struck By Lightning At New York Airport
United Air Lines DC-4 with 26 passengers was struck by lightning near 1000 feet over murky weather. Captain R E Lee safely landed at LaGuardia Field about an hour later after reporting damage to the right aileron. Passengers learned of the incident after arrival.
MENTIONED IN THIS ARTICLE
New York
United Air Lines
R.E. Lee
In Guardia Field
Lee
Argentine government launches Latin diplomacy push
The Argentine government was revealed to have started a diplomatic movement in Latin America. Officials said the move aims to strengthen regional ties and cooperation across multiple nations and institutions.
MENTIONED IN THIS ARTICLE
Buenos Aires
INS
Latin
Strike in Italy by workers folds arms in 30 minute protest
Millions of Italian workers joined a 30 minute nationwide strike organized by the Communist controlled labor federation. The action aimed to show labor strength and protest government or policy.
MENTIONED IN THIS ARTICLE
Rome
Energy distribution dips in week ending June 21
Edison Electric Institute reports total electrical energy distributed in the week ended June 21 at 4.6763 billion kilowatt hours, down from 4.7020 billion the prior week and 4.1292 billion in the same week last year.
MENTIONED IN THIS ARTICLE
New York (P
Edison Electric Institute
Also Mentioned on This Page
Crats
Rayburn
Texas
Pittsburgh
UMW
Harlan
James Jones
Uniontown
Butch
Dennis
Weirton Steel Company
Kearney
N. J
C.so. Marine and Shipbuilding
Aloys P. Kaufmann
The
Public Service Company
Central New Yorks Insurance Agency
Bowen , Perry
C.walker
W.rattridge
YD Scholls
Dr. Scholl
de Scholls
Foot Comfort
S. Warren ST
Jade Mark Ting
U. A
Pat. Off
Portra
Lil F . We Mnke
Penny Singleton
Arthur Lake
F. Foo
Gold-Tone Studio
S. Salina St
Lord Shakeup
America
Batiste
Chappells
Haly
Bemberg
Betty Hartford
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