New York Stock Market Driven by John L Lewis Backdown
John L Lewis ordered miners back to work for a three day week after pressure, easing a downward trend in prices. The piece argues anti trust pursuits target big business but ignore unions, while foreign politics spur conservative reaction to welfare states. Several firms declared stock dividends or higher payments, though Chrysler skipped an extra dividend.
MENTIONED IN THIS ARTICLE
Leslie Gould
New York
John L. Lewis
John L
Lewis
Anti-Trust Division
Corning Glass
Kress
National Tea
Hershey
Allied Chemical
Beatrice Foods
Standard Oil
California
Chrysler
General Motors pay pledge aids Chrysler optimism
General Motors' $4.25 yearend payment stirred optimism for Chrysler as earnings for the first nine months reach $11.22. Chesapeake & Ohio deferred its dividend while Superior Steel and Stromberg Carlson omitted payouts. General Plywood and Pittsburgh Steel passed their preferred dividends as the business remains spotty.
MENTIONED IN THIS ARTICLE
General Motors
Chrysler
Chesapeake & Ohio
Superior Steel
Stromberg Carlson
General Plywood
Pittsburgh Steel
Not enough readable items to form a headline
The snippet notes activity in steel improves appearance by making up time lost in a strike. Store sales run below a year ago in dollars but volume may be similar. Prices are lower than last Christmas, so unit sales could match last year while dollar sales lag.
MENTIONED IN THIS ARTICLE
King Features Syndicate, Inc
Longer-Wearing Cotton Sought By Army
A rotted canvas shoe found on Bougainville beach in 1943 may lead to longer-wearing semi-permanent cotton shirts and blouses. The shoe was recovered by the Army Quartermaster Corps and sent to its Philadelphia laboratory for study.
MENTIONED IN THIS ARTICLE
Army
Austin
Tex
Bougainville Beach
Army Quartermaster Corps
Corps
Philadelphia
Fungal and Sun Rays Tested to Harden Cotton Fibers
The University of Texas cotton research lab received a culture of fungi that nearly wore away a shoe to study how fungi bacteria and ultraviolet rays affect cotton fibers. Researchers hope to develop resistant fibers enabling clothes to last three to six years. In a separate incident near Rockford Illinois Mrs Doris McDonough was struck by a .22 caliber bullet hitting her neck but she remained unhurt after the projectile dropped from her coat three hours later.
MENTIONED IN THIS ARTICLE
University of Texas Cotton Research Laboratory
University of Texas
Rockford, YL
Doris McDonough
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