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Newspaper
The Pocatello Post
Location
Pocatello, Idaho, United States of America
Date
Jun 12, 1949
Page
8
Boise readies for the end of the fiscal biennium as Al Reading and the budget bureau tackle last minute fund transfers. Departments shift money from salary to capital outlay amid surplus findings while awaiting federal repayments and state audits before July 1.
J C Kinnear vice president for western operations at Kennecott Copper Corp issued a grim forecast for the U S copper sector. He cited a 40 hour work week for Utah Nevada and New Mexico operations due to low copper prices and weak demand with copper at 17 cents per pound and zinc at 914 cents. He said no immediate further cuts but plans depend on economic conditions.
The nation's economy shows signs of sagging with 10 Pittsburgh steel furnaces closed for lack of orders. Treasury Secretary John W. Snyder called the shift a healthy readjustment as he spoke at College Camp Wisconsin. U S Steel also shut 10 more open hearth furnaces at Duquesne with only six of 27 remaining in operation, signaling reduced output and employment.
James C. Petrillo won a ninth consecutive term as president of the AFL Musicians' Union by a landslide at the 52nd annual convention in San Francisco. He defeated Everett Henne by 1,391.75 votes. The convention also urged repeal of the 20 percent cabaret tax and the opera and symphony ticket tax.
Golf legend Byron Nelson posted an average of 68.33 over 120 competitive rounds in 1945, reflecting his dominant form during that season and shaping the era's record narrative.
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