Rate Boost For Railroads With Warning From ICC
The Interstate Commerce Commission authorized a four percent general freight rate increase, while warning that further hikes could reduce business. The agency cited higher costs from a 40 hour work week starting Sept. 1 and projected annual rail freight revenue gains of about 293 million dollars, with overall postwar rate hikes nearing three billion annually.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
ICC
Commission
Secretary of Agriculture
Survey shows nest egg drop and spending rise in 1949
A federal reserve board survey finds many families used savings in early 1949 for purchases such as cars TVs and furniture. Median savings fell to 300 from 320, with declines across occupations while total government bond holdings rose but ownership declined to 45 of 100 households. An atomic age note reports Canada’s Vancouver meeting on using radioactive sulphur and a Geiger counter to study citrus burning for pest control.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Vancouver
Canada
American Association For the Advancement of Science
University of California
Doctor Quells Man Fighting Police Force
In Steilacoom Washington a Tecoma doctor used a calm voice to talk John Davis 43 into surrendering after a three hour siege. Davis barricaded a house with his dead companion inside as officers tried tear gas and clubs. Dr Reynolds later persuaded him to come out to the county jail.
MENTIONED IN THIS ARTICLE
Steilacoom
Wash
John Davis
Aileen Stone
Tacoma
Davis
Pierce County
Paul Mellinger
Cliff Tolson
Russell Wall
Chris Reynolds
Reynolds
Stewardess Hero Helps 27 Escape Plane Crash
A Northeast airliner crash at Portland municipal airport left all 27 aboard safe thanks to stewardess Patricia Donnellan 23 of North Quincy Mass. She led passengers to the rear exit as flames blocked doors and the hydraulic system failed. Pilot Capt Roderick Cote 40 of Melrose Mass said engine reversal caused the hard descent and gear collapse. The Convair was a total loss and the airline noted the crew and passengers remained calm during evacuation.
MENTIONED IN THIS ARTICLE
Portland
Patricia Donnellan
North Quincy
Mass
Portland Municipal
New York
Boston
Roderick Cote
Melrose
Thomas Clish
Falmouth
Littl
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