European Stars And Stripes (Newspaper) - February 7, 1950, Darmstadt, Hesse Page 6 the stars and stripes tuesday february 7, 1950 business in the . I Inch Eca Namy labor trouble by g. A. New York feb. 6 a Busin is and Industry lost ground this week to steadily worsening labor conditions and growing Coal Short Ages Industrial production dipped for the second week in a Row. And while it gave no cause for undue alarm it did involve a larger num Ber of individual firms and Busi Nesses than in the preceding week and tended to upset timetables All along the business front. There was another Sharp in crease in unemployment w h i c p. Translated itself quickly into slower retail Trade and a lower volume of new orders. Highly unfavourable weather in Many areas contributed to the disappointing results. While the cumulative effects of the prolonged dispute in the coalmines was responsible for a Large part of the difficulties encountered by business and Industry this week the sudden outbreak of labor unrest in widely scattered areas caused the most irritation. There were dozens of strikes Orother manifestations of unrest in such diverse Linea As Mush room Canning electrical appliances Public utilities tug boating farm machinery ship building steel making and trucking. Trouble also lurked in the vast Telephone communications system of the american Telephone co. The new Batch of labor troubles superimposed on the Long existing Coal dispute and the two week old Chrysler strike caused some observers to wonder if the promising Outlook for business in the first half of 1950 would have to be re Vised. Over All business conditions i january were highly satisfactory despite the recurring spells of bad weather and steadily dwindling Coal piles. A feature of the month was the Large volume of business trans acted at the various seasonal Mer Chandise shows particularly the furniture shows at Chicago an new sustaining influence was the heavy sales of television sets and equipment and the extraordinary interest in the automobile shows held in the nation s key booming building Industry Nas thrived throughout the Winter with out the usual seasonal letdown. How Long these links in the economic Chain will continue Strong depends in Large measure on a High level of employment which will insure adequate purchasing Power to absorb the mounting pile of goods being turned out. It requires no Crystal Ball to see that any Large scale strikes or Industrial shut Downs because of the Lack of Coal will put an effective Brake on the Strong tides that now prevail. A majority of business indicators held unchanged or tilted slightly downward t h i s week. Steel production declined to 93.1 per cent of capacity from 93.9 a week ear Lier and compared with 100.9 a year ago. Tonnage added up to 1,774,700 and 1,790,000 in the two periods this year against 1,860,100 a year ago. The Coa shortage has thus far failed to affect production in the important Pittsburgh area to any great extent but it has forced somewhat lower operations at Young frown and several other important producing centers the authoritative weekly Iron age said without qualification this week that . Steel will build an Eastern steel Mill on its recently acquired site near Trenton and that construction will Start in 1951. Ingot fewer cars output Down Phillips capacity is expected to be 2,000,000 tons annually and emphasis will be on Flat rolled products the paper said. Corporation spokesmen have been somewhat vague about the proposed new steel Mill in the East con fining themselves to generalities without making definite commit ments the corporation gladdened its army of stockholders this week by increasing Tho common Stock dividend 15 cents a share but brought on new political attacks on its pricing policy by reporting a 20 year High in earnings for 194s. Automobile output slumped to 127,415 units in this country and Canada As a result of the Chrysler shutdown which proved too much of a Gap for other makers to close despite additions to the working forces. Last week output totalled 141,036 units. A year ago it was 102,981. Making the m is t of the still booming new car Market. Ford announced plans to put 15,000 hourly rated workers on a six Day week in an Effort to achieve a new production record in the first half of this year. Heavy engineering construction work was smaller this week con tracts adding up to $160,683,000 compared Witri 1216,406,000 last week and $209,703,000 a year ago however this division of the build ing Industry has enough of a Back log to keep going at a sizzling Pace in the next few months and is expected to get into full swing within the next few weeks if the weather permits. Freight car loadings showed a modest week to week increase but continued to lag behind loadings of a year ago partly As a result of smaller Coal business. Volume Rose to 636,415 cars compared with 618,950 in the preceding period and 679,302 a year ago. Soft Coal production was about in line with last week s lowered output As around 100,000 miners stayed away from work Al week and the other 300,000 Union men worked Only three Days. The total was put at 7,500,000 tons in both periods against 10.480,000 last year. Electric Power output fell Little after setting a world record for two weeks in a Row. Industrial cutbacks due to the Coal shortage were a Factor in dropping output to 5,971,662,000 kilowatt hours from last week s record g,04i,i5s,000 and compared with 5,810,034,000 a year ago. The Stock Market persistently ignored any developments that tended to suggest All was not Well with the nation s Economy. Getting off to a fast Start and quickly establishing a new High since the summer of 1946, bullish forces were in Complete command All through the week and succeeded in adding More than $500,000,000 dollars to the quoted value of listed shares. Attesting to a High degree of Confidence in the investment Field was a Quick sellout of a new 1200,000,000 debenture Issue of the american Telephone & Telegraph co. This Money will soon find its Way Down the spending Stream in the form of wages Telephone poles Copper plastics Glass and a multitude of other products. Market bullish of moving safety division Washington feb. E up the air Force s flying safety division soon will be moved from Langley of base Hampton va., to the san Bernardino Calif air depot so that it can work closer with the flight test Center at maroc Calif. Vandenberg pleased with of in Japan Kyoto Japan feb. 6 of air Force chief of staff Gen Hoyt s Vandenberg said yesterday he was pleased with the combat readiness of air Force units seen so far on the joint chiefs of staff tour through the Orient Vandenberg said in an interview the . Air Force in Japan will carry on its modernization pro Gram in which newer planes Are steadily replacing older types of air Craft America s top airman declined to comment when asked what might be the Impact on . Air Power in the Pacific if Formosa fell to the chinese communists. Vandenberg said however he and the other joint chiefs supported president Truman s decision to keep hands off that chinese nationalist Island also declined to Esti mate the number of aircraft the russians have in the Asiatic Are facing Japan. He indicated he was not too greatly said he was concerned about housing in Japan for his air men. It was taking too Long to get the men s families out Omar n. Bradley chairman of the joint chiefs of staff also has shown concern for housing Vanden Berg added he was beginning proceedings to alleviate the housing conditions. Navy Calls off Hunt for sub san Francisco feb. 6 up the Navy called off a proposed air search along the Northern Cali fornia coast after investigating the latest report that a mystery sub Marine had been signed near spokesman for the 12th naval District said that earlier reports that an unidentified submarine was seen in the area looked like the real , the spokesman said the Navy feels it is too late to search the area. Ray Mason of Eureka reported he saw a submarine of the Mouth of Humbolt Bay Friday but this last report the Navy spokesman said appears to Beer Are convinced Mason is re liable and honest. However he was three Miles from the Harbor Mouth and we feel he probably saw fishing boat making its Way toward the Harbor the spokesman said. The mystery sub was first sighted a week ago Friday by two fishermen. Sunday morning Early a private Pilot who formerly flew As fighter Pilot for the Royal Cana Dian naval air Force also saw it. Naval records revealed no . Navy submarines were in the area during the time of the sightings. Weighty words Hall biter Federal court re Porter with 16,000,000 words or evidence compiled in a Multi million Dollar Law suit against the government in the Texas City disaster. Yemc Young republicans urged to vote conservative in 50 Washington feb. 6 up sen. Robert a. Tafth Ohio told Young republicans that unless a More conservative Congress is elected in 1950, there May be Little to fight for in the 1952 presidential a banquet of the Young federa Tion Taft warned that if we elect a Congress in 1950 More Radical than the present one then our whole program of individual Liberty is hinted that the forthcoming restatement of Republican party principles expected to be released late today after approval by the Republican National committee and the policies committees of House and Senate republicans would emphasize that the Truman administration s program is diametrically opposed to the Republican philosophy of Freedom Equality and Liberty. I think that what happens in the 19so elections will determine the Fate of the nation for Many years to come Taft said. Our program in the future will depend on individual Liberty equal Ity and Justice. The administration s program in substance is a socialist program the one that was. Promoted by the Cio s Polit ical action committee some years pentecostal Bishop Dies Oklahoma City feb. 6 a Bishop ban t. Muse 67, head of the pentecostal holiness Church throughout the world died at his Home saturday. Miner suspended by ump for calling Lewis dictator Library pa., feb. 6 a a Young Coal Digger got the a at a United mine workers meeting for suggesting a revolt against ump chief John a Lewis. Then he ran All the Way Home for fear of at tack. Joseph Dickmon 30-year-old Navy Veteran was called before ump local 73 for saying Lewis is a dictator and that miners should ignore his three Day work order and put in full time. Dickmon said he pleaded innocent to charges of violating the ump Constitution which forbids false statements about Union officials. The Union suspended him for six months. Local president Thomas Evans said the vote was 151-0. There was no comment from Fel Low workers on Dickmon s flight Home. Two Guys walked me out of the meeting room Dickmon related. They appeared to be very hos tile. At test thay gave me a Chance to get out before the meeting broke because i had no Protection i ran up a Hill and ran All the Way did t want them to Start Pil ing into Dickmon who is married and has a baby aroused the Wrath of Fel Low miners by charging that Lewis tactics toward getting a new con tract Are forcing miners to work at starvation rates. Oak Ridge set to Start work on a bombs Oak Ridge feb. 6 Apo a Ridge s vast atomic plants slant ready to help produce the Hydrogen bomb As soon As they learn what role if any they Are to play is making the destructive weapon. That is the consensus expressed by the Heads of the various plants and the director of atomic research Here. Obviously atomic Energy com Mission officials and others cannot say How Oak Ridge tits into the Hydrogen bomb picture. But they Are Quick to say they stand ready and willing to do everything possible to Speed the bomb s development. Typical of the comment was Thi statement by or. C. K. Larson new director of the Oak Ridge National Laboratory the Oak Ridge National lab oratory has already expressed it willingness to participate in this and other atomic Energy commis Sion projects vital to the nation no Mora issues the Laboratory which Larson Heads is the chief nuclear research Center Here. The research director at the lab oratory or. Alvin m. Weinbr a said he did not believe the a Bonab raised any moral issues which should preclude its development scientists. I do not think the Hydrogen bomb raises any moral issues which differ fundamentally from Tho faced by the american people including american scientists when they originally decided to us atomic weapons Weinberg declared. He said he believed the Mer existence of an a bomb would make the use of any bomb much less if that is so a added then Oak Ridge scientists who Are in various i ways connected with the a bomb program can derive the Wil Comfort necessary to get on Wii Jour Thomas makes pled for disarmament new York feb. 6 up sol Calist Norman Thomas said Dis a armament offers the Only a Hance or peace. Maybe the fanaticism of communist Power would prevent disarmament Thomas said but a cannot Tell until we have tried America has not speaking at a testimonial Iuni Eon in his Honor the Sodalis Leader and perennial president a candidate suggested a direct a to the Peoples of the world Universal disarmament. I url no appeasement he said. Of claim no unreal Compromise tween the evil forces of total Tarj dictatorship and our own Damocl by when i say that the j continuance of the present am rate. Leads Fay its own Nat straight to a third world War 1 Lewis to keep ump j despite retirement age Washington feb. 6 Cap la official now that John l. Stays on As president of the in mine workers after he reaches informal constitutional retirement a of 70 on feb. 12. The ump executive Board j bounced that it had in Andrw directed him to keep the Job. The action came after news took note of Lewis apr oath birthday and the ump tons Ilion s requirement that All Offil step Down at the age of 70 the 26-Man executive Board i otherwise
