European Stars And Stripes (Newspaper) - April 25, 1950, Darmstadt, Hesse                                The stars and stripes april 1959 the week in business record steel output stimulates upsurge in Industry by Phillips new april 24 record1 nigh steel production touched off a new upsurge in business and Industry last with minor notably to tic retail favourable conditions prevailed on ail and thousands of Stock Hodes read ing corporations Shen Costig annual Spring meetings were assured by managements that unless some thing not now foreseeable pops they look for business conditions to continue into the summer and fall giving solid backing to the High level of business sentiment last week were a boiling Stock Market that re fused stay Down despite repeated Selling drives a sustained rate of Industrial production equating the Best Marks since last fall numerous extra or increased dividend a highly favourable trend in corporate earn Ings in the first Quarter a pickup in especially machine and a new government bankroll to Spur the booming building Industry to greater unemployment Trade cause worry against this formidable array of calculated to support Hie National Economy at High you bad to dig hard to any thing that could throw a Monkey wrench works of War or its psychological the chief worry spots were rising spotty retail steady Rise consumer j a rapid decline in falling tax collections it a tune when coat of government is going and a decline in capral out Leys for plant1 expansion and mod Al of these Bear but there Are signs that a turn for the better in some of the More important barometers has already taken place or can be expected with reasonable last for a half dozen big outfits Cut Loose with ambitious expansion and improve ment plans that will Call for Many Mil mans of dollars of capital expenditure on jobs and materials and professional Here Are a few of them several Large companies launch expansion projects Eastern air lines ordered 10 new planes that Wutti Cost the Dupont company announced a new Plant for to increase its capacity to produce synthetic textiles Niagara Mohawk Power is have a new generating Plant just outside of the con Tainer will erect a new Plant at Carnegie Illinois steel will improve its to Dago and Gary tin plate facilities Lone Star Cement is to have a new Plant at the englander plans a Large Plant to Manji feature mattresses and bedroom furniture at chemical will construct a new electric Furnace at its a pretty Good bet these people  be doing All this planning and spending they were con Vinced business conditions in the future would justify it of the sentiment at Many meetings of Stock holders last week was that of Fred porting a record first Quarter Busi Ness both in sales and earnings he said we Are quite confident that operations in the second Quarter will be can see nothing at this time that will prevent 1950 from being a very Good of conditions and Circum stances could develop that would affect our business and that of our it was a Strong up week in business and especially in key the steel front was the scene of feverish activity As Mills worked the limit to fill a constant Stream of orders pouring in from All speaking of the Wellin formed Magazine steel said serious letdown held unlikely this year barring grave automotive labor no serious letdown is expected this bookings Are especially heavy in the Flat roiled and Carbon structural and wire goods also Are under increased even the stain less sheets and Are in stronger last weeks operating rate in steel Mills was 100 per cent of capacity it compared with the week before and a year at was the highest in history and compared wit the previous Peak of in the week of March motor car output increased to units from and com pared with a the showing again was a great tribute to men and machines at general Ford and the independents in making up for production lost by the Long and costly Chrysler nearly three months freight car loadings were stepped up from in the preceding period and compared with a year Gine ering construction totals engineering construction contracts reported totalled again week earlier and a year electric Power soft Coal production and crude pit Brough to the surface were about in line with figures in the previous week but in most cases totals were Well ahead of last a Sharp increase in Bank clearings and demand deposits and a sub Stantial decline in Loans by were the change on the financial Side of the the pickup in Bank transactions and deposits reflected seasonal conditions in analysts didn1 like the continued decline in Busi Ness that Means the Corner store owner and the Farmer Down the Road dont need extra Money to do the things each does at this time of seasonal trends say they should borrow some Cash to build up inventories in the store and buy fertilizer and equipment for the the Stock Market boiled up to a new nigh for nearly four years in the heaviest turnover this profit takers and professional Short Sellers jumped on the Parade with both feet and caused quite a com motion before the Market got its too poor to Bury son and a whose coffin Lay in because they lacked funds to have it chipped contributions finally the family to Bury him in Haverhill the son in the Batlle of the of their sgt Themistocles buried month on per by House threatened for Matvai ians april 24 Harold Velde hi1l forecast quick1 contempt action against several hawaiians who refused to Tell 6he House american activities committee whether they were Velde made that prediction upon his return from where the investigating he said of those committee will cite is Jack Agar fined for driving Beverly april 24 temples John pleaded guilty to Reck less driving Here and was fined a drunk driving charge was president of the huge j dismissed on the grounds of in Unton Carbide Carbon re1 sufficient newsmen to give names before querying Truman april 24 presidential press which have been held in the White House since the Days of Woodrow will not be held there any it was on president Truman conferences will be shifted next thursday to a big room in the old state department next door to the presidents under the new reporters will be seated and before asking a question must Rise an give name and news questions wih since when Franklin Roosevelt news conferences have taken place in the Large Oval office and reporters were permitted to fire questions at press Secretary Charles Ross said president Truman Felt that by hav ing reporters seated it would make for More orderly and added that Truman thought it Only right he should know the identity of persons questioning few newspaper and radio correspondents regularly assigned to the White House favored the mayors of York april mayor of John mor Rell met mayor Felix Bentzel of and invited him to visit Britain festival of arts in june regional director of the longshore mens Union Cio in 39 witnesses who appeared before the committee in Hawaii refused to answer questions about communist Velde said he did not consider communism in to be any More serious than it is in the he asserted it should not have any Effe Toti Hawaii bid for Rush april 24 Homans and visitors from neigh Boring states doffed their Cowboy hats to this first capital of okla saturday As another 89ercele bration was Art estimated persons watched a Long Parade and then partook of other including a Rodeo and the Observance marked the open ing of acres of land to settlers who made the famous run 61 years seventy five veterans of the 1889 run were honoured Riding in contrast to their horseback Mode of transportation during the land scrambling archbishop Dies april 24 the most John Catholic archbishop of died yesterday of a heart he was was widely known for his work in formation of the legion of group organized to improve the moral tone of motion ends by Center put at 160 to Fillion april 24 Raymond Karat said the general accounting office has evidence that the Louis army finance Center made Over payments of at least in family allowances for he said the which is subject to revision compared with previous estimates by the army of in karst said the accounting office also re ported the centers waiver boards forgave More than in overpayment without fact a House Post office headed by is investigating the centers chairman Tom Murray of the full House Post office said the in Quiry originally was undertaken to find out whether communists and fellow travellers Are employed at the Center and whether its operations Are findings reported karst said the accounting office found that savings Bonds Worth moire than were sold to an unauthorized alien in violation of War department regulations and to circumvent the currency controls of a Friendly he gave no further erroneous payments in cases affecting the philippine scouts with the total running Ber tween and Karat said the payments were made improperly without a decision from the army on their the collection procedures of the Center Are totally inadequate and delayed to the Point where they Are not 630 raspberries Over phone Cost housewife april 24 up officials Here called off operation Raspberry after a 29yearoki housewife was found guilty of Mak ing 630 phone Calls to the sheriffs and going the Telephone company used a fireman Crew and spent during the past 9ree weeks to Trace the Calls to Shirley sheriff Date said the woman called his office at least 30 time a he said he would pick up the phone and a Long would come Ever the mrs a janitors wife who pulled on s Young doctor once could offer no explanation for her the judge gave her a suspended 90day sentence and fined her floss just what the incident had Cost the Telephone Spaatz gets air medal for wartime achievement april 24 retiring air Force Secretary it Stuart Symington has awarded air medal to Carl Usan former air chief of the citation said Spaatz dust gushed himself by Merit or achievement while participating Aerial flight during the period March to june 6 Marshall honesty pay off for april 24 a Young italian who re a Wallet to an Ameri can across the has been rewarded with a Brand new bicycle from foreign Aid administrator Paul Hoffman made the presentation to 22yearold Giuseppe on the the people radio brought to the for the appeared on the broadcast with Earl Coal worker who lost the Wallet almost a year shipped with Coal the italian found the Wallet in a pile of Coal shipped to under the Marshall it contained 39 american enough for Bortoletto to buy a new bicycle to get to work every he turned the and the Money Over to his f who sent it to the consulate Bortoletto honesty claimed by who c the first new Model of a off a Copenhagen Assembly the built with Ball Ings financed wit ii american is celled the