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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 01, 1949
Page
11
An effigy of Santa Claus was found hanged on a pole by power company linesmen in Appalachia Virginia. A sign pinned to the figure stated John Al. Lewis killed Santa Claus.
Leslie Gould argues cautious near term on stocks with a longer term bull market for solid issues. He notes inflation, higher costs from labor and government spending, and rising tax burdens threaten free enterprise, while socialization of business and war with Russia loom as dangers to the economy.
The piece argues the Fed overstates consumer income growth since 1939 while hiding higher taxes and costs. It notes spending rose from 8.4 to 44 billion dollars, calls out past productivity claims, and mentions mixed stock market gains, soft oils and rails, and potential gasoline price declines with a likely milder winter.
The historic Fort George in Castine Maine, a relic of the American Revolution, is left to the state by Miss Amy Cate Witherle. Her will names Maine to use the fort as a public park, preserving the seafaring family's legacy.
The Osage basin extends about 515 miles from eastern Kansas to the Mississippi River with roughly 305 miles in Missouri. Its watershed covers about 115,300 square miles, making it one of the state's most significant basins by size.
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