European Stars And Stripes (Newspaper) - January 21, 1950, Darmstadt, Hesse                                Page 6 the stars and stripes saturday january a v9jo car companies led in 1948 profit rate Washington Jan. 20 up some 33 out of 25 manufacturing Tedus Ries showed profit increases ranging from .17 of 1 per cent to a carry 3 per cent Between the prewar year of 1940, and 1848, the Federal Reserve by us has reported it made Public a report to Congress on the profits in 1940, 1947 and 1948 based on returns on stockholders investments after taxes were paid. Bradley Calls Public schools inadequate9 the study covered 528 corporations. It showed in both 1947 and 1943 about half of 25 industries Hac profits around 20 per cent the automobile Industry topped them a i with an Over All profit of 23 be cent in 1948.the Board said its figures Alsi show big industries reaped Thi highest profits in 1948. Fifteen oof 23 industries profits were highe in 1943 than in 1947. In the other 10 they went  two industries Cigar ets an cigars showed a Small profit los Between 1940 and 1948.the report said this apparently was clue to an increase in the cos of raw tobacco along with Mottl change in the Price of the finished Prodi Ici. Profit Kise in bread some of he biggest profit jump Between 1940 and 3948 were in bread which increased from 7.6 per cent to 19.8 per cent Rayon from 8.6 to 20.3 per cent Bis Cuits and crackers from 8.8 to 1 per cent and motor vehicles from 17.3 to 25 per cent. Among the most striking in creases in profits Between 1947 Anc 1648 were in bread which Rose from16,1 to 19.3 per cent motor vehicles from 39.6 to 25 per cent and woo carpels and rugs from 14.5 to 19.4 per cent. Preliminary motor vehicle reaped even higher profits in 1949 general motors corp. Reported its earnings for last year were Likely to top $600,000,000, the biggest Pron for one year of any business in his tory. Last year general motors Haca net income of 3440,000,000. Slump in paper soap Chiff profit slumps Between 194 and 1s43 were shown by matches which went Down from 11.6 to 8. Per cent paper from 21.1 to 18.2 per c it soap and other cleaning preparations from 22.9 to 18.2 per cent and biscuits and crackers from 19.6 to 17 per cent. The Board said the 25 industries covered by the study account for a substantial segment of the total Industrial  their combined assets in 1940 were 50 per cent of the total assets of All manufacturing industries. Reports show the Industry will have  Trade shows increase Washington Jan. 20 up the census Bureau Ijas reported that Trade Between the . And Eastern Europe increased in no vember it said exports to the area jumped from $6,500.000 in october to �8,900,000 in november. A the same time imports climbed from $9,550.000 to 19,900,000. Mos Export increases resulted from added shipments to Yugoslavia and Hunt during november these nations received $2,500,000 and $1.300,000 Worth of . Goods respectively up 31.800,000 and 1,100,000 from october s figures. The largest increase in imports was from Finland which gent goods Worth �3,600,000 in november up$1,100,000 from october s total. Rus Sian exports foil off from �2.600,000 to �1,31 0,000. A y. Is Rembrandt new York. Jan. 20 a a throng paying Sla a couple at tended the preview Here of one of the season s outstanding Art events an Ai Rembrandt exhibition of paintings drawings and etchings. The profits of the preview and in Euing Axhi Bivions will go to the Public education Assn. New York Jan. 20 up Gen Omar n. Bradley said the growing Inadequacy of our Public school system is creeping up on  the Genera chairman of the joint chiefs of staff spoke before he first annual dinner of the National citizens commission for the Public schools. President Truman in a message read to the meeting said he was glad to Send greetings because the group has a goal of arousing citizen support for better schools throughout he  president James b. Conant of Harvard University said he is con Vinced the Federal government must help support Public schools in certain areas. Vanguard of defens Egen Bradley said that in a time when our economic system i challenged our political tenets Are ridiculed and our enduring spiritual Creed is defiled education must stand in the Vanguard of defense. For  he said makes a people easy to Lead but difficult to drive easy to govern but impossible to  teacher shortages Are due in Large part to poor pay he said and some communities still lag far be Hind in offering the economic inducement to this indispensable professional  pleaded for genuine citizen interest to provide the school buildings and the incentive to Tetch ers needed to make the Public schools adequate. Interest Cut urged on housing Loans Washington Jan. 3d up sen John c. Sparkman a Ala proposed yesterday that the top in Terest rate on All government insured housing mortgages be Cut to 4 per cent. Most of the housing loan repay ments now guaranteed by the fed eral housing administration Are at the Basic rate of 4k per cent. Sparkman usually an administration spokesman on housing issues made the suggestion at a hearing on president Truman s proposed program of government backed Loans to help Middle income fam Ilies build Homes by Means of co operatives. Veterans housing Loans and Large rental projects under temporary Cha programs carry the lower 4 per cent rate. . Times a  Price new York Jan 20 ins the new York times has announced that starting monday its newsstand Price will be 5 cents. Highway covered in Midwest flood Senate passes Bill repealing taxes on Oleo Washington Jan. 20 the  h is Iii red 5t5-Lo, inv House approved Bill to re pull Iii Federal Oleo  after a Tivin under repeated efforts to rum it with civil Rich s and exist no it a Hie jacketed flood worker looks across the Saline River Bridge near Skaw Beetown Iii., where eight feet of water covers the Highway. Evacuees an the opposite Bank Are waiting to be removed to higher ground. Lowland crops were heavily damaged. Acme gop senators urge ouster of Vaughan As president s aide Washington Jan. 20 of sen. Joseph r. Mccarthy a wis yesterday urged that president Truman either fire maj Gen Harry Vaughan presidential military aide or order him to shed his army uniform. Sen. Karl e. Mundt . Joined Mccarthy in demanding that Vaughan be ordered out of uniform if he stays on at the White House. But Mundt said he feels it would be futile to suggest that Vaughan be taken off the government payroll. President Truman on former occasions has stood by Vaughan when his old Friend was being criticized. Members of probe group both Mccarthy and Mundt Are members of the Senate investigation committee which reprimanded Vaughan wednesday for activities the group looked into during last summer s a percenter inquiry. The two Republican senators said the committee s unanimous report on that investigation would just Ilythe disciplining of Vaughan by or. Truman sen. Clyde r. Hoey.  Mittee chairman told a reporter that while the report does criticize Vaughan. No Effort should be made to read into it what it does not itself  he added it should be borne in mind that the criticisms of Gen Vaughan do not reflect on his character or integrity but relate instead to Cus Toms and practices engaged in by him. The committee did not suggest that the president take any action Romulo in Walter Reed Washington Jan. 20 Cap Brig Gen Carlos Romulo president of the United nations general Assembly entered Walter Reed Hospital Here yesterday with a severe Case of Throat infection. U.�. Acts i i \ cd by the second of Ion of the i. Congress. It would erase she thyran Multi 10-eent-a Pound Federal text Dolored Margarine and the Narr Keiit Levy on he White pr-.kiuc-. Effective july i this year. It also Voi old eliminate special handling Ami i. Cense fee.-. The incas Urt now Oes to a in. House sen Alt conference Ltd i. To Iron out differences  -rii1 House and Senate versions. Pov Viv Truman campaigned on no ii i to repeal the Leo tax and is Ijuin 1 fitted to  inc Bill  reaches his desk. The Houe approved the Bill i i session but it remained locked Lipin the Senate until Congress re turned this  Senate action Caine af-.t.-1 a three week fight in which a i y state senators who Compi Nind tax free Oleo would drive Batter to of the Market and wreck he wiil become  sen. Irving m. Ives re. A Idhe considers the my e a # Tco inthe right direction though it Uuie not go As far As some of us   Ives had written Pix Sutera Truman protesting the army s racial discrimination especially a Germany. Pepper asks return of greek children Washington Jan. 20 ush sen. Claude pc per a fax Hae introduced a a solution asking president Truman to try to set greek a i Karen abducted by communists in Greece freed from servitude in Eastern Europe and returned Home. Pepper s Resolution would profoundly condemn the action of communist guerrillas in Labdik Lin thousands of greek children and carrying them off into servitude n countries of Eastern  it asks that president to us Nan Urie Alt of his Powers throw Ash the United Nili ions and other inter National groups to try to yet the greek Childson returned to their Homes